August 16, 2020
We have sent three wires to Iraq so far and two of them have reached the brokers.
It was really fast compared to how long it used to take in the other group. Once wire was sent on Thursday and another on Friday. We had an issue with the third one which has been corrected, but they should be sending it and hopefully it will be there by Tuesday.
I have sent my ‘buy’ request to them already, but with their limited trading hours due to this pandemic, I am not sure how long it will take them to secure the shares we are asking for.
The first trade request was:
TASC – Asia Cell – 1,000,000 shares
IBSD – Baghdad Soft Drinks – 3,000,000
BBOB – Bank of Baghdad – 10,000,000
That is not a typo. This is what we will get for around $19,000.
I decided to go heavy with the first bank stock since everything seems to point in a positive manner that something big is happening over there. BBOB is the main bank there and has the potential (so I am told) to skyrocket. I didn’t want to miss that one. Either way, we’ll have dividends from that one sooner than the other two (also so I’m told).
While this rate change can happen at any time at all we want to get as much over there as possible. Appears sending a large amount is not a good thing and throws up red flags. I won’t make that timely mistake again. We’ll keep all wire transfers between $7,500 and $10,000 to hopefully prevent them from being cancelled.
Nothing is guaranteed in this venture, but we are trying our best to get as many of you in as we can. We can’t make promises with all the unknowns swirling around. If the dinar doesn’t change value this week, we should all be golden and that would make sure we had time to at least get our funds into the account.
We know God in totally in control and whatever happens will have happened for a reason.