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February 14, 2021

Our broker just received the latest wire sent to them on Friday and will begin purchasing shares from our December buy order. $24,000 was sent and we now have an excess of just over $29,000 in the account. This means that people adding to their blocks or new members joining will be invested the day the funds are received and will not be waiting until the funds are available in the trading account to be considered invested. I will continue to send funds over when that balance gets below 3 – 5 thousand and allowing as many to be invested up to the day the rate changes.

If there happens to be a float (I am highly against believing this is going to happen), we will look at the float amount and make a decision at that time whether or not to keep this investment open to new block purchases or adding to blocks. Since we have no way of knowing what exactly is going to happen, we’ll have to play this by ear and see. No decision has been made as to a specific rate at which we will close further investments.

We will likely pay out dividends through electronic checks which you will print and deposit. As we are getting more and more foreign accounts, paying out through ADP or another similar service will require multiple avenues of distribution which will slow down distributing dividends. Paying through Deluxe eChecks will be relatively fast and is also very secure. A final determination will come once we have an idea where we stand with the actual need for distribution.

There is far too much uncertainty to be sure how everything is going to work or what to expect. We remain ever hopeful for this event to quickly come to fruition. No matter what you are hearing, please remain grounded and know that whoever may call for this event to take place on a specific date or at a specific time is only their guess, so don’t let their being wrong (which happens far more than anyone wants) stress you out or give you any anxiety that it is never going to happen. Have faith and it will happen when it happens. No guru can change that or predict it with any certainty.

February 9, 2021

We have a few more shares as a result of our broker adding shares from our last wire that were not initially purchased. As you can see from the post yesterday, there was a balance of over 13 million dinar. They used this balance to increase our holdings today. There are days they attempt to make a purchase and when there are no sellers of the stocks they are getting for us, but eventually get what they are buying at a later time.

We placed our buy order in December for a total of 1,750,000,000 shares. We still have 337,990,803 more shares to complete that order.

Here is the latest summary:

February 8, 2021

We finally got to send another wire last week and this is our new share total. It will grow some as there is still a balance in the account to be used to fill our order.

February 6, 2021

We now accept personal checks. The check MUST be in the name of the investor. No third party checks. If a personal check bounces or for whatever reason does not clear, there is a $35 fee added which will immediately be taken from your investor account, thereby reducing your current blocks if already an investor. If you are a new investor and provide a check that does not clear you will be removed from being an investor and will not be allowed to invest with us at all.

We want to make things as easy as possible for you to invest and accepting checks will save you the hassle of getting a cashier’s check. We didn’t do this before now because of the additional hassle of keeping up with returned checks. Since we now accept Deluxe eChecks (still the easiest way to add funds to your investment) it makes sense to also allow personal checks since this is essentially the same thing.

Please see the Adding Funds page for more details.

February 4, 2021

We sent a wire today and stocks will likely be updated on Sunday since that will be the first day they have to purchase stocks after they receive the wire. We currently have 1,079,782,872 dinar in total value so far in the account which is up just a bit since our last post because some stocks have increased in value just a hair. This number will fluctuate almost daily as stock prices constantly change. Thankfully, it has gone up rather than down like it had over past days.

We currently have 571 members and just over 8500 blocks resulting in a little over 14 blocks per investor on average.

Lots of news coming out of Iraq and you can get updated by visiting some of the news sites listed on Iraq News Sources page. There are lots of links to various news outlets for your personal review.

There hasn’t really been very much going on with us for the past week or so, but I wanted to let you know we’re still here and still operating. I get emails asking for updates. You’ll see it right here when there is something to tell you about.

While not related to Woolard Enterprises, I would ask that you help us with our other business which is a social networking site located at https://klatr.com if you like to have a social networking account. The site is brand new and we are listing the first 500 users on our Founding Members page. There is still plenty of room to be a founding member.

That’s it for now. Here’s hoping you have a great weekend!

January 25, 2021

We had a small dinar balance of 3,962,082 in our account and our broker added a few shares to our account today (yesterday for them).

While a small amount, our stock count has changed and I wanted to make sure I update with even a small change.

We are currently at 566 investors and now have 8387 blocks distributed among all investors which equates to an average of just under 15 blocks per investor.

I usually get several emails a week asking about number of blocks and number of members. I do not and will not provide information that is not available to all members. I will respond to emails about your personal account, but anything to do with the group as a whole is posted here on the site. Please check back often so you don’t miss anything.

We currently have a standing order with our broker and any future funds sent will continue to go toward that order which is as follows:

BBOB – 500,000,000 – completed

BGUC – 500,000,000 – completed

BMNS – 500,000,000 – 291,800,000 to go

TASC – 50,000,000 – completed

IMAP – 100,000,000 – 41,825,432 to go

IBSD – 100,000,000 – 55,365,371 to go

Once this order is complete, we will add another stock or two to our portfolio and then concentrate on building TASC and IBSD. We have received some good recommendations from the broker. I can honestly say I hope we’re unable to do much more due to a change in the rate, but we’ll keep marching on until that day comes.

Excess Funds

I am getting emails asking for the latest information. The latest information is always posted in this blog. As soon as we get new information we post it.

There has been little activity in the past few days as we have sent all received funds to our account and all stocks are currently updated as of the last post.

We currently have just over $11,000 in excess funds in the account. Once we get down to around 1 – 2 thousand, we will send another 10 – 20 thousand over. This is funding that I am personally sending to make sure anyone who invests is invested once I receive their funds here. There should be no waiting for the funds to reach Iraq to be invested which is the way it used to be. The amount is reduced when I receive funds and you are considered invested at the moment funds are received. I will continue to send extra funds over and should there be a revaluation or change in the rate, I will convert my funds to blocks for any amount not taken by investors. Some don’t seem to get what I am saying with this, so let me show you an example:

I send $20,000 of my own funds to the trading account in Iraq.

Investor sends me funds for 10 blocks.

I now have $19,000 of my funds in Iraq.

Investors send me funds to purchase 35 blocks.

I now have $15,500 of my funds in Iraq.

Investors send enough for another 62 blocks.

I now have $9,300 of my funds in Iraq.

Investors send enough for another 76 blocks.

I now have $1,700 of my funds in Iraq.

I send another $20,000 to Iraq.

I now have $21,700 of my funds in Iraq.

The cycle continues and any investor adding to their account does not have to wait for those funds to hit the trading account to be considered invested. They are invested once I receive their funds as long as there is an excess value in the account. If there was a change in the rate at this point and no more funds were received, I would add 217 blocks to my account since I ended up with $21,700 in the account.

I hope this clears things up. Since the excess funds are there and I have not sent additional funds over at this time, there would be no change in the number of shares in the account.

W9 Forms

W9 forms must be signed when you send them to us. Please save both of us time and make sure you sign the form prior to sending to us. Make sure you send a W9 if you reside in the US. Do not send the W-8BEN. Several have sent this form who reside in the US and this also wastes time.

This form is not required at this time. You will have to have it to us before there is a payment to be made. You can wait until a rate changes to send it in. You should wait if you plan to change to a business or trust. No need to send it in if you know that is not the way your funds will be paid out. Send when you are sure how you want to receive your 1099.

Advertisements

You are now seeing ads on this site. Sorry if they annoy you, but it helps me with costs associated. Feel free to click ad that you want as this most certainly adds to our account revenue. We are paid a fraction each time an ad appears. It is not to annoy you. It is a revenue generator. The more you visit, the more we earn.

I want to thank everyone for making this group a successful one. We are all in limbo waiting for this event to happen. While everything appears promising, we cannot guarantee anything is about to happen. I am on the same roller coaster as you and waiting for this ride to come to an end so we can reap the rewards of our speculative investment when it finally pays off. I can’t give you any sort of idea when this will happen. While it looks great, it may still be a while before this finally pops. We are in a great position when it finally happens. Patience is a virtue. Hang in there.

Personal Information

I have built a website similar to facebook and Twitter. It combines the best features of both in that you can ‘connect’ to others which is like adding friends in Facebook or you can follow people like you can on Twitter. The site is brand new and began operation on Saturday, January 23rd. The site is located at http://klatr.com and I hope all those who use social networking will consider setting up an account and invite others to join as well.

klatr.com offers a platform where free speech is never infringed. We will never ‘fact check’ posts as adults have a personal responsibility to verify information proved by others. We don’t censor and we don’t interfere. We serve no agenda. There are naturally things we can’t allow, but most will never test us with what we can’t allow, such as hate groups, threatening others, initiating or inspiring violence and similar actions.

Thanks for any support you can give.

January 21, 2021

We added some shares, but the really big news is that we have passed the ONE BILLION mark in Net Asset Value. Our stock account in valued over one billion dinar. A great milestone thanks to the investors who not only continue to join us, but many keep adding to their account. A billion thank yous to all of you!