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Lenmon
01-31-2013, 07:46 PM
Iraqi Securities Commission according to the letter No. 5/146 decided to delist Nineveh food Iindustries from Iraq Stock Exchange for failing to pay its financial obligations:mad:

chakkarchee
01-31-2013, 11:31 PM
yes and who is next is the question

Fishindinar
02-01-2013, 12:15 AM
Give it another year and there will be no companies left.

Kickabuck
02-01-2013, 12:38 AM
Give it another year and there will be no companies left.

Fish, that's quite a radical statement. There are rules for timely filing of financials, days allowed for GA meetings, etc...

When a company goes belly up, one shouldn't blame the ISX, blame the people on the board...just maybe the owners of the companies being delisted had that in mind all along. Probably took a page from the Enron book...or the many other blueprints for companies that have gone sour on worldwide exchanges. Bunnia folded Warka Bank by not subscribing to the 150% paid up offer he called for...it's a rough world out there, lick your wounds and get back in the game.

Kickabuck
02-01-2013, 12:42 AM
yes and who is next is the question

I'm guessing Al-Hilal, but I'll ride that one out...they have nice property holdings but run a poor business. Maybe someone like Mamoura Real Estate will buy them out as an investment.