Blame it on the Iraqi Securities Commission...

[usajmg93f]

You really have to wonder why they are dragging their feet... Anybody have any ideas???


Here is the link http://www.isx-aman.com/news/rep_12_12.htm

[paulfleming4]

I have a few ideas, but none of them are really practical to this dilema. We've already begun training their security forces, we have our own troops working along side them, we've dropped tons of money into their secuity, and they even have continued inflow of people willing to work towards maintaining Iraq's security, but none of it seems to be working effectively to end insurgency.

I'm stumped.... :confused:

[bottlebush]

Well, Sir. Consider the size of thier country. The radical nuts that are used to taking power by force & intimidation==Big job
It won't happen this week. Patience.
The Iraqi's are able to anonymously phone in tips now.
they have to get used to being able to point the finger whithout being killed for it.
And I believe they are ready to do just that to get the freedom they desire

[paulfleming4]

Well, Sir. Consider the size of thier country. The radical nuts that are used to taking power by force & intimidation==Big job
It won't happen this week. Patience.
The Iraqi's are able to anonymously phone in tips now.
they have to get used to being able to point the finger whithout being killed for it.
And I believe they are ready to do just that to get the freedom they desire

Point made eliquently. I have no doubt things will improve with time, but the key word is 'time'. I have faith in the Iraqis, but they've been through a long period of Hell so they're still going need lots of the T-word. Then again, they could be ready sooner than I can speculate. :D

[Tyreds Tale]

Do you think the ISX is putting a stop on foreign investment until the Iraqi dinar opens to foreign exchange? Shoudn't the two go hand in hand, since opening the stock market would require foreigners to have dinar accounts, or something similar?

Eitherway, I agree that security is a main concern. Also debt reduction. Also the Jan. elections. If these three go smoothly, then the market prices and exchange rates will be a lot more stable.

I dont think some of the businesses listed on the ISX are prepared for the ups and downs that would occur if the markets were now opened. Workers will be laid of one month, then get a raise the next... I bet they are waiting for a moment of stability: post successful Jan elections? post newly elected president (~march)? your guess

[JFV]

Don't forget though - other than the obvious economic upturns and downturns those fluctations may represent - the fluctations in the share prices won't directly affect the companies listed or their cash flow once the shares are traded - they won't own them anymore. The only problem will be if they need to raise more money in the equity market again - though they could repurchase the shares - drive the price up and then sell slowly - but by now they are already using the capital they've gotten from the original sale of those shares.

John