The annual fee that some have been paying is no more. Those who have paid the fee will not receive a refund as it is part of the agreement, but you will not be paying anything further for your account. This decision comes as we are no longer going to accept new investors. We will continue to allow all investors to add to their blocks for now, but this will also change in the near future.
Several factors went into making this decision. While I have stated we would remain open to any and all investors until there was a significant change in the rate of the dinar, many investing with us don’t appear to have a real understanding of what we are doing and the process of waiting for the investment to materialize. With everything explained numerous times, some expect to make something on this investment or think their investment should be growing while we wait on the change in rate. I am beyond tired of explaining it over and over. Eliminating any new members should mitigate this repetition.
A part of me feels like I am breaking a promise I made, but in reality, this has no impact on those already invested. I stated above that at some point in the near future we will also end further investments for those already being here. I don’t yet know when I will stop that and hoping there will be a rate change soon so it would stop either way when that happens.
As always, I will post any news as it happens. No updates only means nothing has changed. We are all waiting on the rate change and until then, there simply isn’t much we can update on.
At least now we know the way the stock count will grow going forward (aside from some still adding to their block count) is when dividends are to be paid out that those dividends get re-invested back into WOOLARD ENTERPRISES until a rate change happens. The news regarding Iraq looks good and I am going to go out on a limb and say my guesstimation of when something could possibly happen is more than likley toward the end of 2022 (October 2022 – January 2023). The news has been fantastic folks and the CBI is basically ready, but the GOI still need to form their government, the budget still needs to be opened etc.
In the mean time the reserves are growing and GROWING with the oil numbers being the way they are. That is amazing news for Iraq (and our investment). And all that extra surplus money can go into investment project to put Iraq into a better position.
All we can do is to continue to live life the best we can and before you know it….BAM…..the dinar will revalue.
I just happened to go on your site an was so surprised to read this. I am a investor with your company. Guess i have been living under a rock.