I found an interesting news (I browse this news while looking for Iraq Dinar news) It's an old news but who knows some of you might not know about it yet... So, just read it. I invest few hundred thousands of New Iraq Dinar.
I will not cry if I lose this investment but I will cry when the Dinar raise in value. Which means invest only how much you can afford to loose...
Happy reading and below is the news :
Sebastian River Holding's, Inc. Adds an Additional 35,000,000 Iraq Dinar to Its Portfolio, On
Track to Reach Company's Goal of 1 Billion Dinar
Business Wire, March 30, 2007
SEBASTIAN, Fla. -- Sebastian River Holding's Inc. (Pink Sheets: SBRV) today announced that the company has added an additional 35,000,000 Iraq Dinar to its foreign currency portfolio. This purchase gives Sebastian River Holding's Inc. a total of 135,000,000 Iraq Dinar in its foreign currency portfolio. The Company's goal is to acquire, a total of 1 billion Iraq Dinar to its
portfolio.
The company feels that this investment will increase dramatically in the near future. As of today 1,000,000 Iraq Dinar is equal to $786.78 USD, according to the Central Bank of Iraq (CBI).
Since it is nearly impossible to purchase directly from CBI, 1,000,000 Iraq Dinar is being sold
as high as $1340 USD here in the United States.
Iraq news sources state that a revalue of the Iraq currency is in the near future. Prior to war
with Iraq, the Iraq Dinar was valued as high as $3.20 USD per Dinar. This means 1,000,000 Dinar was worth as high as $3,200,000 USD back when all was well between the US and Iraq.
"We are building our portfolio in foreign currency," stated Daniel Duffy, President/CEO of Sebastian River Holding's Inc. "We are going to continue to purchase the currencies that we feel will increase the most in value, in the shortest period of time. The Company feels confident
that its holdings in foreign currency will dramatically increase in the near future and allow
Sebastian River Holdings to have Earnings Per Share (EPS) of well over $3.00 EPS from just one of our holdings being revalued."
Besides Sebastian River Holding's Inc. acquiring profitable private companies, the Company will
continue to add foreign currency to its asset base. The Company feels that the Foreign Currency division is going to be one of the most profitable divisions. The company has a team of due diligence experts, which do a vast array of investigations before the Company invests in anything from businesses to foreign currency.
Forward-Looking Statement
This Press release may include forward-looking statements within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These
statements are based on the Company's current expectations as to future events. The
forward-looking events and circumstances discussed in this press release might not occur, and
actual results could differ materially from those anticipated or implied in the forward-looking
statements.
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