MY LADIES: TO BE CRYSTAL CLEAR
1) NOVA AND I ARE NOT SAYING THE CBI WILL BE REPRICING THE DINAR AT 1095 ON SUNDAY.
WE ARE SAYING THAT THE CBI HAS SAID THEY ARE SELLING BONDS ABROAD TO RETAIL INVESTORS AT A RATE OF 1095-1. LET ME REPEAT THAT THE CBI SAID 1095-1.
2) 1166 IS NOT AN EXCHANGE RATE IT IS A PROGRAM RATE. IT IS NOT PEGGED TO THE DOLLAR. IF IT WERE PEGGED TO THE DOLLAR IT WOULD BE MOVING WITH THE DOLLAR LIKE EVERY OTHER CURRENCY AND THE DINAR DOES NOT DO THAT.
IT IS FLAT ON FOREX AND HAS BEEN FOR YEARS. THAT IS BECAUSE IT IS NOT TRADING...
....
1) NOVA AND I ARE NOT SAYING THE CBI WILL BE REPRICING THE DINAR AT 1095 ON SUNDAY.
WE ARE SAYING THAT THE CBI HAS SAID THEY ARE SELLING BONDS ABROAD TO RETAIL INVESTORS AT A RATE OF 1095-1. LET ME REPEAT THAT THE CBI SAID 1095-1.
2) 1166 IS NOT AN EXCHANGE RATE IT IS A PROGRAM RATE. IT IS NOT PEGGED TO THE DOLLAR. IF IT WERE PEGGED TO THE DOLLAR IT WOULD BE MOVING WITH THE DOLLAR LIKE EVERY OTHER CURRENCY AND THE DINAR DOES NOT DO THAT.
IT IS FLAT ON FOREX AND HAS BEEN FOR YEARS. THAT IS BECAUSE IT IS NOT TRADING...
....
3) IF IN FACT THERE IS A BOND SALE ON SUNDAY AUGUST 2ND AND IS OPEN TO THE INTERNATIONAL STAGE THEN ONLY ONE OF 2 THINGS CAN BE A FACT, THE FIRST ONE IS IRAQ HAS CLAIMED 1166 AS THEIR RATE AND ARE MAKING CONVERSIONS AT 1095-1 OR THEY HAVE DECIDED TO HAVE 1095 AS A STARTING POINT.
4) CAN 1095 BE A DISCOUNT PRICE?? MAYBE. BUT NOT LIKELY BECAUSE THIS IS OPEN FOR RETAIL INVESTORS AND DISCOUNTS DO NOT USUALLY APPLY TO RETAIL.
5) WHAT IS A RETAIL INVESTOR??? THE LITTLE PEOPLE. SMALL AND MEDIUM ENTERPRISES.
6) SO I JUST EXPLAINED THIS ON THE CALL I JUST DID AND MISSION TOOK GREAT NOTES I WILL POST THEM IN A MIN.
TO BE CRYSTAL CLEAR NOVA AND I ARE NOT SAYING THE DINAR WILL REPRICE ON SUNDAY AUGUST 2ND AT A RATE OF 1095!!!
**********
My Ladies and Nova CC Notes 7/28/15
A quick, fast, easy, painless call of explanation re. the 1095 rate and bonds:
MY LADIES: Perhaps we are misleading people or using the improper verbiage or not getting our point across thoroughly or a variety of things with regard to the call we had last night.
Neither Nova or I said, and neither would he nor I say, anything that the Central Bank of Iraq isn’t saying. After last night’s call I’ve had to make all kinds of calls write posts to explain.
I don’t know and Nova doesn’t know if 1095 is going to be the exchange rate of the Iraqi dinar.
What we said is the Central Bank of Iraq said they are selling bonds -- their verbiage was “abroad” -- at a rate of 1095 to 1 USD. They’re selling it in dinar. That’s what we said and what the CBI said.
Now, what Nova and I said is that the Central Bank of Iraq, the Government of Iraq, or anybody can’t sell bonds abroad, international, whatever word for outside the country, without having an exchange rate.
Are Nova and I saying that 1095 is the new exchange rate for the Iraqi dinar? No.
I just need to make this clear, because I just got called out on this and need to make it crystal clear to all that it cannot trade outside of Iraq without an exchange rate.
The Central Bank of Iraq said they’re looking for retail investors abroad to purchase bonds in dinar, in these denominations.
Apparently many people don’t understand this.
MY LADIES: If the CBI goes through with the sale on Sunday, that means the Iraqi dinar is crossing borders, meaning the Iraqi dinar must have a conversion rate.
So now, if it has a conversion rate, it’s crossing borders and has a rate somewhere between 1095 and 1166, which is a program rate, not a proper exchange rate. It’s been said to me the 1095 is a discount rate and that discount rate is where the 6.1% will be (?). But that can’t be, because you won’t see a discount rate on a retail bond sale. This isn’t a discount rate, and CBI says nothing about a discount.
If it is 1095, a number the CBI pulled out of their a$$, we know the bonds won’t sell for a penny over 1095, as stated by CBI. So they need to adopt a rate somewhere between 1166 and 1095.
NOVA: Did I not just get angry on the call we just had because we were getting caught up on minute details? That wasn’t the point. The point is they can’t do this without an exchange rate across borders, in dinar. Let’s not get caught up … just watch and see what they do.
MY LADIES: Seriously, I know the room was confused, because I had to do several calls today. If they sell the bonds quicker than the 27th, will they reprice? I don’t know.
Will they keep the rate from Aug 2 till the 22nd, or whenever? I don’t know.
I just want you all to be crystal clear. If you see this at 1095, we don’t want anybody to panic, get distraught, depressed, don’t give away your dinar or throw it down the toilet.
I really need to make sure you all understand what Nova and I are saying. It’s going somewhere. The CBI doesn’t make mistakes when it puts out PBS (?). They don’t mis-word. They write very well.
NOVA: There is 100% confirmation of what we said yesterday, that Iraq is ready to enter the world, has started this thing. No one on this call is a billionaire right now (may be one later). My point: We don’t have the ability to go directly to the ISX. Using our computer, we go to a conduit.
Iraq just made an invitation through a firm in London to make application to whoever wants to offer you a direct link to the ISX … must have application in by Aug. 27.
Is that a date? No, but that action doesn’t work without an exhange rate. So it’s 100% confirmation that they ARE starting the whole process, and it’s exciting!
Essentially, when we trade, it goes through a clearing firm, which goes to a special NYSE floor or computer, which hooks up with NASDAQ and it facilitates the transaction. It looks like we’re doing it, but we’re not. It ultimately goes through a clearing firm. Iraq has said, Here’s the clearing firm we’re using, giving the requirements, and saying they need to apply by Aug. 27. It’s wonderful news.
4) CAN 1095 BE A DISCOUNT PRICE?? MAYBE. BUT NOT LIKELY BECAUSE THIS IS OPEN FOR RETAIL INVESTORS AND DISCOUNTS DO NOT USUALLY APPLY TO RETAIL.
5) WHAT IS A RETAIL INVESTOR??? THE LITTLE PEOPLE. SMALL AND MEDIUM ENTERPRISES.
6) SO I JUST EXPLAINED THIS ON THE CALL I JUST DID AND MISSION TOOK GREAT NOTES I WILL POST THEM IN A MIN.
TO BE CRYSTAL CLEAR NOVA AND I ARE NOT SAYING THE DINAR WILL REPRICE ON SUNDAY AUGUST 2ND AT A RATE OF 1095!!!
**********
My Ladies and Nova CC Notes 7/28/15
A quick, fast, easy, painless call of explanation re. the 1095 rate and bonds:
MY LADIES: Perhaps we are misleading people or using the improper verbiage or not getting our point across thoroughly or a variety of things with regard to the call we had last night.
Neither Nova or I said, and neither would he nor I say, anything that the Central Bank of Iraq isn’t saying. After last night’s call I’ve had to make all kinds of calls write posts to explain.
I don’t know and Nova doesn’t know if 1095 is going to be the exchange rate of the Iraqi dinar.
What we said is the Central Bank of Iraq said they are selling bonds -- their verbiage was “abroad” -- at a rate of 1095 to 1 USD. They’re selling it in dinar. That’s what we said and what the CBI said.
Now, what Nova and I said is that the Central Bank of Iraq, the Government of Iraq, or anybody can’t sell bonds abroad, international, whatever word for outside the country, without having an exchange rate.
Are Nova and I saying that 1095 is the new exchange rate for the Iraqi dinar? No.
I just need to make this clear, because I just got called out on this and need to make it crystal clear to all that it cannot trade outside of Iraq without an exchange rate.
The Central Bank of Iraq said they’re looking for retail investors abroad to purchase bonds in dinar, in these denominations.
Apparently many people don’t understand this.
MY LADIES: If the CBI goes through with the sale on Sunday, that means the Iraqi dinar is crossing borders, meaning the Iraqi dinar must have a conversion rate.
So now, if it has a conversion rate, it’s crossing borders and has a rate somewhere between 1095 and 1166, which is a program rate, not a proper exchange rate. It’s been said to me the 1095 is a discount rate and that discount rate is where the 6.1% will be (?). But that can’t be, because you won’t see a discount rate on a retail bond sale. This isn’t a discount rate, and CBI says nothing about a discount.
If it is 1095, a number the CBI pulled out of their a$$, we know the bonds won’t sell for a penny over 1095, as stated by CBI. So they need to adopt a rate somewhere between 1166 and 1095.
NOVA: Did I not just get angry on the call we just had because we were getting caught up on minute details? That wasn’t the point. The point is they can’t do this without an exchange rate across borders, in dinar. Let’s not get caught up … just watch and see what they do.
MY LADIES: Seriously, I know the room was confused, because I had to do several calls today. If they sell the bonds quicker than the 27th, will they reprice? I don’t know.
Will they keep the rate from Aug 2 till the 22nd, or whenever? I don’t know.
I just want you all to be crystal clear. If you see this at 1095, we don’t want anybody to panic, get distraught, depressed, don’t give away your dinar or throw it down the toilet.
I really need to make sure you all understand what Nova and I are saying. It’s going somewhere. The CBI doesn’t make mistakes when it puts out PBS (?). They don’t mis-word. They write very well.
NOVA: There is 100% confirmation of what we said yesterday, that Iraq is ready to enter the world, has started this thing. No one on this call is a billionaire right now (may be one later). My point: We don’t have the ability to go directly to the ISX. Using our computer, we go to a conduit.
Iraq just made an invitation through a firm in London to make application to whoever wants to offer you a direct link to the ISX … must have application in by Aug. 27.
Is that a date? No, but that action doesn’t work without an exhange rate. So it’s 100% confirmation that they ARE starting the whole process, and it’s exciting!
Essentially, when we trade, it goes through a clearing firm, which goes to a special NYSE floor or computer, which hooks up with NASDAQ and it facilitates the transaction. It looks like we’re doing it, but we’re not. It ultimately goes through a clearing firm. Iraq has said, Here’s the clearing firm we’re using, giving the requirements, and saying they need to apply by Aug. 27. It’s wonderful news.
MY LADIES: So ISX is opening their doors to brokerage houses around the world that could support you or me so we can buy stock on ISX (they’re being discretionary) – can go to etrade and do it. That is very telling and gives you all the info. The top part says in Arabic ANY FIRM INTERESTED IN TRADING HAVE UNTIL AUGUST 27TH TO SUBMIT AN APPLICATION
MY LADIES: So we have bonds going abroad on Sunday and ISX taking apps for retail side, due on the 27th.
The reason this is happening is because the GOI has no money. The GOI is broke, and they can’t get dinar from the CBI. They have to create an event in order to raise the funds they need.
MY OPINION: 1 trillion dinar isn’t taking them too far down the road, because that’s what they’ll generate. They have something like a 25 trillion deficit already. So I’m not necessarily implying anything, but put your thinking cap on.
NOVA: There’s not even 100 trillion in the world. The whole thing is they’ve turned the engine on, and it’s wonderful.
MY LADIES: Again, this isn’t Nova and me saying these things. This is the CBI and ISX.
This was formal, on their letterhead, they put out today. So keep that crystal clear, and let’s see what they do on Sunday. If they trade, it’ll be between 1095 and 1166. They can’t change the rate last minute. This took time to do, and it would be stupid. This way makes 100% sense to me … dinar in and USD out, because IQD will be worth more than USD down the road. So this is the perfect way to do it.
Mark’s question: (re. ISX app) If app isn’t due till end of month, do we still have a month to wait?
MARY? They won’t change the bond rate from 1095. That’s set in stone. What’ll happen if they all sell in a few days? MY OPINION: I feel very confident they’re not changing or moving anything for the month of August.
OK SO NOW I HOPE WE ARE CRYSTAL CLEAR ON WHAT IS HAPPENING IN IRAQ!
MY LADIES: So we have bonds going abroad on Sunday and ISX taking apps for retail side, due on the 27th.
The reason this is happening is because the GOI has no money. The GOI is broke, and they can’t get dinar from the CBI. They have to create an event in order to raise the funds they need.
MY OPINION: 1 trillion dinar isn’t taking them too far down the road, because that’s what they’ll generate. They have something like a 25 trillion deficit already. So I’m not necessarily implying anything, but put your thinking cap on.
NOVA: There’s not even 100 trillion in the world. The whole thing is they’ve turned the engine on, and it’s wonderful.
MY LADIES: Again, this isn’t Nova and me saying these things. This is the CBI and ISX.
This was formal, on their letterhead, they put out today. So keep that crystal clear, and let’s see what they do on Sunday. If they trade, it’ll be between 1095 and 1166. They can’t change the rate last minute. This took time to do, and it would be stupid. This way makes 100% sense to me … dinar in and USD out, because IQD will be worth more than USD down the road. So this is the perfect way to do it.
Mark’s question: (re. ISX app) If app isn’t due till end of month, do we still have a month to wait?
MARY? They won’t change the bond rate from 1095. That’s set in stone. What’ll happen if they all sell in a few days? MY OPINION: I feel very confident they’re not changing or moving anything for the month of August.
OK SO NOW I HOPE WE ARE CRYSTAL CLEAR ON WHAT IS HAPPENING IN IRAQ!
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