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yes! thats my point. just think if things do get better! maybe dinar value increases more than 1 to 1.......... a friend of mine was pokin fun at me about the dinar just the other day. when i told him it has already appreciated 30% he was quite astounded.
BQTG did i do my math correct-shouldnt shares be approx 3.84 now at .41?
Outstanding Shares: 530,508,131 as of 2007-06-19
Estimated Market Cap: 259.948M as of 2007-06-27 (based on Outstanding Shares as of 2007-06-19)
Authorized Shares: 1,000,000,000 as of 2007-06-09
Float: 30,079,108 as of 2007-06-09
Number of Shareholders of Record: 144 as of 2007-06-09
it will take approx 4.8 years at its current avg rate of appreciation to arrive at 1 to 1. -that is, if you bought in Oct 2006, at 1470 minus the spread. I think my math is good? if someone told you to give them $1000 today and in five years they will give you $1,000,000- seems like a good deal to me! if that $1000 disappears and you never see it again-five years from now, you wouldnt even remember that 1k.
I know, I always get BS. the devil is in the details(specifics). thats the info i want- if we were to create a template for questions about the details such as share structure, financing/dilution, future growth etc.. we could start ribbing these liars with tough questions. i would rather communicate thru email with IR and CEO's because then the communications become legal documents even though they will use the cloak of forward looking statements and such. im just a rookie still paying my traders tuition but would appreciate a veterans perspective.
1 what is co. current share structure?
2 are there any plans to change the share structure?
3 what is co. doing to secure/increase shareholder value?
4 is company going to incur debt or make profit?
5
6
7
8
9
10
etc...
is there any thing you or anyone else reading this post could add to this list of questions ? TIA
i spoke to a CEO today and was given a name and number to a lawyer who basically told me the company has had a couple of set backs but he will get back to me with the other info I asked about. RED flags a flying on this one for me. thanks for the post.
thanks Breakout-added to my list- et.
thanks EdFrankie,
holy crap, you just made me blow coffee out my nose! ouch! im still laughing as i type. im serious though- i like calling those pr*cks and trying to get as much info as possible- they always say "ill have to get back with you -do you an email or phone number i can contact you at?"- im talking about some open ended questions that put them on the spot. i often get told to call a different person(someone they say can answer my questions) and they more often than not say the same thing i quoted above. WTF? I have in the past, gotten CEO's cell# thru reception saying it was urgent matter. I call and catch the CEO golfing or fishing. Then i ask "why hav'nt you gotten back w/me on the info i requested?" The usual response is "how did you get this number?" fricken jokers i tell ya! it would be cool to set up some sort of protocol template that we could create while talking to IR or CEO's.
OT TIA-could someone please take the time to post a list of questions one should ask when calling CEO's or investor relations of a company. It would be nice to see some creative questions that may have worked for others trying to get info on some of these companies. post will be much appreciated.
IMO -BQTG is a fun play. looking interesting
http://www.bioquestech.com/
IMO -BQTG is a fun play. looking interesting
http://www.bioquestech.com/
hey bro, feel like sharing any insights on NXSF? just curious about your oppinion if your in the mood for carin' if not no problem, have a great one. thanks
KURDISH CURRENCY?
anyone care to comment or has anyone have any info on what will or did happen with this currency-is it still being used? the first link i posted is a map of kurdistan, the second link shows the currency- my question is which currency is being used in northern iraq? DINAR OR KURO? MUCH THANKS IN ADVANCE.
http://www.hartford-hwp.com/archives/51/173.html
http://www.kurdistanica.com/english/culture/ncharacters/currency.html
another point to consider-there is no shortage of oil but mearly a race to buy up all of the rights to the reserves. over 25 years ago when i was youth growing up in michigan there were several oil companies drilling wells all over from mid to northern michigan. in fact,today, if you drive a half hour north from where i live, you can smell the oil in the air. the oil companies did find oil and lots of it. the farmers that made deals with oil companies to drill on their property thought they had hit the jackpot because they had deals with the oil companies to recieve revenue from proceeds of output. the problem is the oil companies just capped the wells and there is no oil pumping out. the farmers got squat and the oil companies still hold the reserve rights.
well that post should make all those warka account holders happy. even iraqis wont put money in their own banks. im glad my dinar are safe here in america.
i think the law was created to allow another avenue to arrest people with large sums of money entering and leaving the country. large sums of currency are used to buy weapons, fund terrorism, payoff corrupt officials, etc.. etc.. i do not beleive the law was enacted because of dinar currency speculators.
those that wired money to their iraqi accounts should be fine as long as they have documentation of transfers. those that chose to fedex cash currency may have some explainin' to do. JMO. might only apply if more than 10000usd in value was sent im not sure.
our troops can mail the dinar home
yeah i read it, did you? it says -"NON IRAQIS"-
As of February
21,
2007, Iraqi law now prohibits non-Iraqi adults from transporting any
Iraqi currency out of the country.
IT DOES NOT SAY- "NO Iraqi Currency can be taken out of Iraq."
'ema-266' posted-
When the reval happens I will have all my Dinar exchanged and in pre selected accounts within the first hour of the first banking day after the CBI says GO!~
ALSO..the Chase $5000 per day limit is for exchange not for deposit. You can exchange 5 million at the days going rate IF you put it into your proper CHASE account.
END OF POST-
thanks EMA for that info-
if your facts are correct-THIS IS GREAT- can you please tell us what the "proper" account(s)are at chase for exchange/deposit of dinar when reval happens. do you need a special account to deposit in? i understand you would want several accounts due to the amount that will be deposited.
can you help out others and tell us which accounts we should be getting. it would be appreciated greatly by many im sure. why are we all screwed if we havnt done this yet? TIA.
first of all im not sure where chase gets dinar. i have read and heard they get them thru bank of america but i dont think it has ever been proven fact. i do know that jp morgan chase is majorly involved in the middle east region. chase has relationship with the already established trade bank of iraq. maybe chase supplies bofa w dinar and that info got turned around( that is if bofa has a surplus of dinars as reported but not proven). as far asking chase where they get dinar, they will tell you from their foriegn currency office or a different chase bank branch. i suppose it would be like asking dinar dealers where they get dinar. usual answer - from our contacts in jordan. it could be bofa is excluded in the dinar game for now pursuant to some previously made agreements with parties involved? or chase may have some exclusivity arrangement with cbi? maybe bofa thinks its to risky? etc. etc....etc.....
no, what you told everyone was that they were screwed if no exit strategy in place now. twice you said that in the same post.
first of all the new law your speaking of is not much different than any other customs laws in many countries. foreigners must adhere to customs declarations entering and leaving the country. just as in the U.S.A. when you go through customs you must declare possessions entering and exiting. there are limits on currency and things of value thats all the law is talking about in my oppinion. if i were an american in iraq and had a large sum of dinar or usdollar and i had to go thru customs-then maybe i would be screwed. i dont think it is that much to get excited over.
the advice microstocks gives in the post you reposted is some good advice. but how is any of that advice gonna help untill everyone collects their winfall? do you have any info on that? if/when a reval happens, the only concern is going to be cashing in the dinars. how long will we have to convert the currency? where will you convert your dinars? what if dinar revalues but doesnt go on forex, where are we gonna convert dinars then? if dinar revalued 1 to 1 tommorrow- where are you going to convert your dinar? if chase bank only does $5000
a day per person of dinar to dollar conversion then you would have to go to chase 200 business days just to convert 1 million dinar. this is my only concern and i dont see it addressed enough. lets not worry about taxes, insurance, and all that. does anyone have any idea who will be buying dinar in large amounts when/if a revalue happens? that should be OUR BIGGEST CONCERN.
If you do not have an exit plan right now..in place..you are screwed.
that is quite a post ema-can you please explain?
hope he is right.eom
thanks, so logically this would have to change in order for the dinar to be exchanged on forex? wouldnt they have to let the banks speculate if it were to go on forex? it would seem that dinar would be hard to come by if indeed the dinar is going to be on forex. i have a feeling there may be a change in currency during a reval. im starting to suspect they may introduce the gcc currency at time of reval which may be soon or 3-7 years. i have read some believe the gcc currency will be introduced sometime during 2007 but others believe this cant take place untill 2014 at the soonest even though it was planned to be introduced in 2010. do you have any idea what ema was talking about when she posted- "if you dont already have an exit strategy your screwed" whats all that about? TIA.
yeah, should continue upward- anyone hear any info on the wix, fram, and govt contracts?
anyone want to explain in more detail what this means?
Banks may engage in spot transactions in any currency, but are not allowed to engage in forward transactions in Iraqi Dinar for speculative purposes.
i would get your shares pronto! get rude with them, you should have got your shares long ago, someones is screwing up and you might end up losing oppurtunities to sell. it took a couple of weeks with scottrade and i missed opportunities to sell at 3.75 a share. i could have tripled my position. its a bunch of bs. funny how they never have any troubles getting pos stocks changed over. every time i have a good stock and there is a change or dividend payout f-ing brokers drag there feet and feed me some bs why my account has not been updated. i would call them a minimum of twice daily untill your shares are in your account-in fact tell bofa you will be calling daily untill they resolve your problem. document emails and phone calls to bank of america and let them know you are doing so. good luck.
BQTG looking interesting-low floater breaking 50dma-chart is shaping up-
BQTG looking interesting-low floater breaking 50dma-chart is shaping up-
STRONGTOWER, FIRST OF ALL ID LIKE TO SAY -GO DINAR! I ENJOY YOUR POSTINGS AND THE INFO YOU BRING TO THE BOARD. YOU MAY BE GETTING A LITTLE FULL OF YOURSELF THOUGH.
IM NOT TRYING TO START A DEBATE, BUT YOU HAVE BLAMED ISLAM FOR ALL OF THE VIOLENCE IN THE MIDDLE EAST. THAT IS A VERY GENERAL STATEMENT. YOU KNOW AS WELL AS I DO THAT THERE IS ALOT MORE TO IT THAN THAT. ISLAM MAY BE RESPONSIBLE FOR SOME VIOLENCE BUT THAT PART OF IT GOES BACK OVER 1000 YEARS. THERE HAS BEEN AND ALWAYS WILL BE STRIFE IN THE MIDDLE EAST BECAUSE OF ALL OF THE SACRED SPOTS TO DIFFERING RELIGIONS. THE PROBLEM MAY WELL BE RELIGION ITSELF. INSTEAD OF POINTING THE FINGER AT JUST ONE DOCTRINE, TAKE A LOOK AT RELIGION AS A WHOLE. ALL I KNOW IS THAT I DONT KNOW AND IM FINE WITH THAT. ANYONE WHO SAYS THEY KNOW, IS FULL OF SH*T. FOR HOW CAN ONE KNOW THE KNOWER? THERE IS A BIG DIFFERENCE BETWEEN KNOWING AND BELIEVING. FAITH IS MERELY BELIEF IN BELIEF. KNOWLEDGE REQUIRES MUCH RESPONSIBLITY TO THAT WHICH WE CANT EVEN IMAGINE NOR UNDERSTAND. GOD IS ENEFFABLE. ONE COULD LOOK AT CHRISTIANITY IN THE SAME LIGHT AS YOU LOOK AT ISLAM- I DONT BELEIVE IN ANY RELIGION, BUT GOD IS IN MY LIFE.
"You have never studied it and do not know what you are talking about"-THAT IS YOUR ASSUMPTION AND YOUR INCORRECT.
"We were attacked on 9/11 because we are a christian nation labeled as infidels in the Kuran."- SORRY, WRONG AGAIN. WAY TOO MUCH EVIDENCE POINTS ELSEWHERE FOR 911. YOU ARE CORRECT ABOUT BEING LABLED INFIDELS THOUGH. IN GENERAL TERMS WE MAY BE THOUGHT OF AS A CHRISTIAN NATION BUT IN FACT WE ARE NOT. SEPERATION OF CHURCH AND STATE ETC..
"So not all religions are the same"-I NEVER STATED THEY WERE. THEY DO HAVE A COMMON THREAD AS THEY ARE USED FOR SOCIAL ENGINEERING.
PS-IM JUST RIBBIN YOU A LITTLE STRONGTOWER, I WAS BORED AND A LITTLE OFFENDED WITH YOUR ASSUMPTIONS ABOUT ME. HENCE THE LONG REPLY- KEEP UP THE GOOD WORK ST AND MAYBE WE CAN HAVE A BEER AT THE PARTY WHEN WERE ALL RICH! GO DINAR.
well, yes i do, i am not an expert or anything, but i have studied several religions. i am not disagreeing with ST. im just saying that there are many questionable things going on with religions you may find acceptable. most, if not all religions were created by witchdoctors(shamans).
it is no more shocking than what christians, buhdists, hindus,or witchdoctors believe-all are belief systems to control the minds of the masses. religions are social engineering tools. so to are politics. there is no absolute truth, only truth absolute.
strongtower- i received this email from iraqi merchant-do you have any thoughts- in this email it sounds like there is battle between the dollar and euro going on over there. here is the email----
I have to make some explanations because many people in the world do not understand what are going on in Iraq.
USA is fighting many countries inside Iraq , it is fighting Iran , Europe , and many other countries , I will explain below :
If the situation is settle down in Iraq , then USA will Hit Iran , So Iran is making the situation in Iraq very bad to make USA fail in its experiment and to delay attacking Iran , Europe do not want USA to settle down in Iraq , because after that USA Will occupy all the Gulf countries and will control the oil prices , therefore USA will take the oil free from the Gulf countries and Europe will buy the oil in a high prices , therefore Europe will become poor and USA rich .
Therefore USA support some parties in Iraq and Iran support the other parties and these parties are fighting each other inside Iraq instead of USA & Iran .
Therefore I do not think that the situation will be better and do not believe that USA has come to give us better life , but it has come for our oil .
Also USA has the main role in the fighting in many countries like Sudan & Somali and the south American countries .
I am thinking of leaving Iraq , but which country can accept the Iraqi people ?
And if every Iraqi people has left , who Will stay in Iraq ?
I hope that you understand my email .
email from iraqi merchant-take it for what it is. i recieved this email this morning-
Many thanks for your kind email , and I wish that we can make good business together in the future , the economy in Iraq is very bad even the situation the the worst from Mongolian Occupation of Iraq till now , it is the worst in our history and we are just like Vietnam in the Sixties of the last century , Even of all of that the Iraqi currency value is increasing , and this is because we have heard that Iran will change it hard Currency fro Dollar to Euro , therefore all the Iran dollars are coming to Iraq , therefore now in Iraq the quantity of US$ is more than the quantity of Iraqi dinars in the market , therefore the US$ value is decreasing and this will make the Iraqi dinars value increase , few months ago , the exchange rate was
1500 ID = 1 US$ and now 1300 ID = 1 US$
And this is the situation of non logical Iraqi market .
SWEEEEET!!! WTVI NEWS!!! WTVI announces they are intending to think about signing a letter of intent and that WTVI forcasts they expect to believe their intentions of WTVI's thoughts. WTVI believes our future expectations and thoughts about WTVI's intentions will add to future growth of WTVI's forecasts.
BQTG launch pad?
yeah i hear ya, i was just makin a comment. i have receipts for every dinar i have purchased and i am going to consult a tax attorney if the time comes when i need one. it will be much better to have payed my taxes and not have to worry about uncle sam breathing down my back. why risk it? how much will your lawyers cost fighting any legal action brought against you for tax evasion, currency smuggling, etc? let alone any accounts, assets, etc you do have will be frozen for the duration of the litigation or indefinitely.
well that would only be a 1% fee if one were laundering 100mil. kind of a slap on the wrist if you ask me. the fines for dumping nuclear waste into the oceans if one were caught doing so is cheaper than it cost to dispose of it properly.
gcc not possible till 2014, 2010 to soon per sources.
==INTERESTING READ ABOUT GULF REGION CURRENCY==
Exchange rate downturn will not affect rating
Friday, Jan 19, 2007
Dubai: The potentially negative effects of possible future changes to the exchange rate policies of the member states of the GCC would not likely prove significant enough to threaten the current position or trajectory of these countries' government bond ratings, Moody's Investors Service says in a new report.
For at least the past 25 years all the GCC members except Kuwait have had de facto fixed currency pegs to the US dollar, with the Kuwaiti dinar pegged to the US dollar within a 3.5 per cent trading band since 2003.
"This system has generally been successful because it has provided a strong policy anchor and thereby fostered financial stability in a highly volatile external environment," said Tristan Cooper, senior analyst.
However, he said, a rise in inflation has fuelled speculation that GCC governments may be reconsidering their exchange rate policies.
Officially, the GCC plans to unify its members' currencies in 2010 although it has not specified the exchange rate policy it will adopt after this date or indeed whether member states will maintain their current exchange rate regimes unchanged until unification.
"The GCC's exchange rate plans have recently been thrown into doubt by conflicting statements from officials," said Cooper, whose report includes a review of the most likely possible changes in exchange rate policy that GCC states may adopt, either jointly or severally, and how they might affect their government bond ratings.
"Probable options include the prospect of Gulf currencies appreciating and, potentially, the adoption of more flexible exchange rate regimes," said the analyst.
"Our report concedes that an appreciation of GCC currencies could have an overall negative fiscal effect, while a move to a more flexible exchange rate regime, such as a managed or freely floating rate, also has some implementation risks given that it has never been attempted in the GCC before."
© Gulf News 2007. All rights reserved.
Moody's: Little rating pressure from potential changes in gulf exchange rates
http://www.zawya.com/story.cfm/sidGN10097851/?query=iraqi%20dinar
The GCC's six member states include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE). For at least the past 25 years all but Kuwait have had de facto fixed currency pegs to the US dollar, with the Kuwaiti dinar pegged to the US dollar within a ±3.5% trading band since 2003. "This system has generally been successful because it has provided a strong policy anchor and thereby fostered financial stability in a highly volatile external environment," said Cooper.
However, he said, a rise in inflation has fuelled speculation that GCC governments may be reconsidering their exchange rate policies. Officially, the GCC plans to unify its members' currencies in 2010 although it has not specified the exchange rate policy it will adopt after this date or indeed whether member states will maintain their current exchange rate regimes unchanged until unification.
"The GCC's exchange rate plans have recently been thrown into doubt by conflicting statements from officials," said Cooper, whose report
includes a review of the most likely possible changes in exchange rate policy that GCC states may adopt, either jointly or severally, and how
they might affect their government bond ratings.
"Probable options include the prospect of Gulf currencies appreciating and, potentially, the adoption of more flexible exchange rate egimes,"
said the analyst. "Our report concedes that an appreciation of GCC currencies could have an overall negative fiscal effect, while a move to
a more flexible exchange rate regime, such as a managed or freely floating rate, also has some implementation risks given that it has never
been attempted in the GCC before."
"Despite the potential downside risks of a future change in exchange rate policy," said Cooper, "it is unlikely that such a change would alter the current level or trajectory of Moody's sovereign ratings in the GCC."
He explained that this is because the strong and improving financial strength of GCC governments gives them considerable room for manoeuvre on
the policy front. The differences in the relative financial strength of Gulf governments and their ability to cope with negative fiscal
developments are already factored into Moody's current ratings.
"However, the current uncertainty surrounding this issue - exacerbated by market rumours and conflicting statements from officials - is unhelpful and could potentially deter investment and encourage speculative capital flows," said Cooper. "A clear and coordinated clarification of exchange rate policy from GCC governments would help investors to plan for the future and bolster confidence in member states' macro-economic management."
The Moody's report is entitled "Potential Changes in Gulf Exchange Rate Policies Unlikely to Affect Sovereign Ratings."