Sebastian River Holdings Inc. (Pink Sheets: SBRV), updates developments in their Iraq Dinar investment.
Last week the Iraqi parliament took an important step to open the way for low-ranking members of Saddam's Baath party to reclaim government posts and pensions. The law is seen as a major step in Iraq's national reconciliation. The seismic piece of legislation had been demanded by the United States since November 2006 and represented the first legislative payoff for Bush's decision to deploy 30,000 additional troops to the country to quell violence.
"The passage of this law is another piece of the puzzle," stated Daniel Duffy, president of Sebastian River Holdings Inc. "We expect that this is the beginning of the final stage in the path of Iraq revaluing the Dinar."
The Company believes in the near future there will be a revalue of the Iraq Currency. It is the Company's opinion after doing its due diligence and public statements from Iraq's government officials, that the revalue could come in at between .82 and 1.00 per US Dollar. This would give Sebastian River Holdings a profit of between $192,000,000 and $235,000,000.
US Secretary of State Condoleezza Rice, in Iraq yesterday stated, "It is clearly a step forward for national reconciliation -- a step forward for healing the wounds of the past -- and it will have to be followed up by implementation that is in the same spirit of national reconciliation, I hope we will focus on what needs to be done, but also on how much has been done." -- Sebastian River Holdings Inc.
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Comments
#1 Sebastian River Holdings Inc.
This company is under investigation for fraud.....and its CEO's are wanted in conection with fraud....the will and have reversed split their stock five times and changed the company name 4 times.....they claim a merger but there has never been one...this is a scam company and you are a fool to invest in a company when you could just goto chase bank and buy Dinar for yourself.....or Barclays of London.....your Truly
Charles Parato
#2 Iraqi Dinar
Iraqi Dinar is very real, but the pitch many Dinar dealers try to send your way is far from reality and designed to get you buy from them. Some of these dealers even go as far as to explain that they are trusted by the government and supply you with a document to reinforce this illusion.
First, the US government requires a business (or anyone for that matter) to register with them when selling any kind of currency. Once you register, the US Government will send you a letter confirming your registration. IT DOES NOT mean that they trust or vouch for the company, only that they complied with the law.
Read More:http://www.dinariraqi.net