Translation of PDF – Postpone the opening of trading on the shares of Company Bank of the Middle East to the meeting Tuesday, 02/15/2011

[dinargirl101]

I found this on another site. I've been waiting for it to show up on here so that I can read others feedback..but since it hasn't yet..here it is. I'd like to hear what others think it means, especially in relation to the 1.070. From what I can see it does come directly from an ISX artcle which makes me feel that this could be something legitimate.

Thanks and go rv!

Translation of PDF – Postpone the opening of trading on the shares of Company Bank of the Middle East to the meeting Tuesday, 02/15/2011

Vintage sent me the email just below the line. The url includes a link to a PDF, which Vintage referenced. Thanks to Daniel, the PDF was translated by Peter and Grace. Here is Daniel’s reply to me in the email that he sent which contains the translations:

What I don’t see are the pairings. They are stating a starting rate and meeting, but not saying the rate compared to a currency. Is it assumed to be against US dollars? Is it against Kuwait? Euro? It just doesn’t say. However, it does say that the meeting is happening today. So that is good news. Also, on the bottom of the page, Grace told me that it included a list of “cc’d” agencies. Take this how you will, but on the inside of the GOI, this notice is semi-public because it was passed on to several agencies.

Daniel raises excellent questions about the rate. Nevertheless, it is interesting to see the Dinar expressed as a decimal number. Furthermore, it is VERY interesting to see that a Middle East Iraqi currency exchange has been setup and has met with investors and brokers today. What did they meet about? The rate of the Dinar initially set at 1.070 with a change of up to 50%. Given this is their first meeting, it’s reasonable to expect that they are gearing up for trading the Dinar with investors. Interesting. Interesting timing too given what’s happening in Iraq, the government formation, HCL, Kuwaiti files, etc.

Thank you Vintage, Daniel, Grace, and Peter!

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http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fisx-iq.net%2F

(Note: If you click on the url above, you will need to find the article with the title ‘Postpone the opening of trading on the shares of Company Bank of the Middle East to the meeting Tuesday, 02/15/2011′ and click on it.)

Hello. I’m one of the many hopefuls out there and read your blog regularly. I see many people mentioning February 15 as being an important date. But, I’ve not seen anyone mention the included link postponing the Bank of the Middle East opening on the ISX. I cannot translate the PDF, but perhaps one of the other readers can. It may just be a coincidence, but those things seem to be watched closely. I have no connections or anything like that.

Translations of the PDF:

Grace’s Translation:

Gifting you our best regards. . .

This is to inform you that the first meeting/seating to discuss and negotiate the invested shares of the Middle East Iraqi currency excahnge will be now on Tuesday,, February 15, 2011 vs Sunday. This is due to the need to complete the necessary proceedures between the investors and the brokers at the main center of exhange.

Notice that the current rate is projected at 1.070 Dinar and in the first meeting, it will be decided that the rate will be increased by 50% from the projected rate; which will be higher.This increase will take place ONLY during the frst meeting

With appreciation

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Peter’s Translation

Gifting you our best regards. . .

This is to inform you that the first meeting/seating to discuss and negotiate the invested shares of the Middle East Iraqi currency excahnge will be now on Tuesday,, February 15, 2011 vs Sunday. This is due to the need to complete the necessary proceedures between the investors and the brokers at the main center of exhange.

Notice that the current rate is projected at 1.070 Dinar and A CHANGE OF UP TO 50% MAXIMUM COULD BE DECIDED UPON IN THE FIRST MEETING ONLY.

With appreciation

[sandyf]

I think the 1.07 is the share price that the bank will be introduced at.

It is consistant with the share prices shown for other banks.

I am surprised how low the prices are, and they are in dinars, and wondered if there had been a change but it would appear that is the normal range.

[leola]

The dinar is at

1170 not 1070,,an d it says a change of 50% can be in place at 1st meeting,,,,( does not say up or down )

could this be entry to exchange ,,overall ?????

DINAR 585 =$1:00

DINAR1755 = $1:00

JUST FIGURING...

MAY HAVE MISUNDERSTOOD ......

DECIMAL POINT

That is not a bank it`s a currency exchange

[ScottF]

Here's another something to consider, in the US we use a Comma (,) as a thousands separator, i.e. $1,070.00. In europe however, I've largely seen it expressed in just the reverse manner ... $1.070,00.

[sandyf]

The dinar is at

1170 not 1070,,an d it says a change of 50% can be in place at 1st meeting,,,,( does not say up or down )

could this be entry to exchange ,,overall ?????

DINAR 585 =$1:00

DINAR1755 = $1:00

JUST FIGURING...

MAY HAVE MISUNDERSTOOD ......

DECIMAL POINT

That is not a bank it`s a currency exchange

Please read the article properly before posting.

This article has nothing to do with currency rates. It is to do with the introduction of another bank , Bank of the Middle East, to the Iraqi Stock exchange.

The value of 1.07 dinar is the projected share price at introduction. Nothing to do with any revaluation.

[leola]

copy that sandyf,,,,