"RV UPDATE" BY MARKZ & BRUCE, 2 SEPT

 MarkZ

[via PDK]

Question: Can Iraq do everything in their budget with the 1100 rate that is going now?

MarkZ answer: No, it will be in the hole if they do it with the 1132 rate…but it gets them a lot closer though.

Question: What do you estimate the NEER [Nominal Effective Exchange Rate] rate would be necessary to do their projects?

MarkZ answer: About $1.30 based on all the math that we have done, that many have done, would be the cheapest NEER rate that they can get away with, but then again they won’t be able to achieve the final value that they want if the come in that low.

...RV news...chatter among the banking folks... possible within the next 72 hours is the chatter amongst bankers and groups...

government contacts think as far out as the 9th, that is what they are hearing right now, banking contacts think we are much closer than that...my redemption contacts are working on Sunday, which is unusual...

Bruce  

 [via WiserNow]  Now what we believe we have is ability to move forward...with our notifications on the first of September.However, it could be that we're notified...

[Friday] or Saturday, but it looks more like [Friday] with a start of exchanges to be on Saturday...Things can happen even over Labor Day weekend.  At least that's what we're hearing that we can get started...the good news is...that we should be notified...[Friday] after markets close...This thing is looking like we're finally... reaching the end of what we've been waiting for...

 [via WiserNow]  ...everything is moving in the direction we want it to move...in terms of timing, there have been meetings ...big meetings with redemption center and some of the top bank personnel ...And ...

this particular meeting had a top tier treasury person on the call...this particular information that we received, We actually had it prior to this call, but the call verified it to us. We got it...from another couple of sources and the gist of it is that we should be notified by...Thursday, which is the 31st.  And we should start our exchanges either Thursday, or Friday, which is the first of September...Intel is aiming to come together to bring this finally to fruition...We're excited about it.