Friday, August 10, 2007
Sebastian River Holding's Inc. announces currency dividend possibly worth $1 per share
Finance
(PortAl Iraq) - Sebastian River Holding's Inc., announced that the board of directors have approved an Iraqi dinar dividend for all shareholders of record on Sept. 14 with a payout date of Sept. 28. Shareholders of record on the dividend record date will receive one Iraqi dinar for every one share of Sebastian River Holding's Inc. owned, payable in lots of 1,000 shares equal to a 1,000 Iraqi dinar currency note.
"We are getting the shareholders involved," Sebastian River Holding's President and CEO Daniel Duffy said. "Now all of our shareholders can own a piece of history, by receiving actual Iraq money in the form of the dinar."
The Company feels that the Iraq government must re-value their currency to give all Iraq citizens purchasing power and a new way of living. The company currently holds 135,000,000 dinar and every $1 upward movement in the price of the Iraqi dinar gives the company a profit of $134,900,000 or roughly an EPS of $2.73 and would make this dividend worth $1 per share cash dividend.
The Company would like to inform all shareholders that Sebastian River Holding's Inc. will be purchasing new Iraqi dinar currency for this dividend. This dividend will not affect the Company's holdings of 135,000,000 Iraqi dinars.
"We are getting the shareholders involved," Sebastian River Holding's President and CEO Daniel Duffy said. "Now all of our shareholders can own a piece of history, by receiving actual Iraq money in the form of the dinar."
The Company feels that the Iraq government must re-value their currency to give all Iraq citizens purchasing power and a new way of living. The company currently holds 135,000,000 dinar and every $1 upward movement in the price of the Iraqi dinar gives the company a profit of $134,900,000 or roughly an EPS of $2.73 and would make this dividend worth $1 per share cash dividend.
The Company would like to inform all shareholders that Sebastian River Holding's Inc. will be purchasing new Iraqi dinar currency for this dividend. This dividend will not affect the Company's holdings of 135,000,000 Iraqi dinars.
Labels: Daniel Duffy, Iraqi dinars, Sebastian River Holding's Inc.
Thursday, August 09, 2007
U.S. company comments on increase in Iraqi dinar value
Finance
(PortAl Iraq) - Sebastian River Holding's Inc. today issued an announcement regarding the Iraqi dinar's increase in value. "All share holders can view this remarkable CNN special on our new website," Sebastian River Holding’s Inc. President and CEO Daniel Duffy said. "The company believes that there will be a re-value of the Iraqi dinar in the near future."
With all the positive financial news from the Iraqi government and the rate of the dinar rising from $1USD = 1450 Iraqi dinars, to a recent high of $1USD = 1238 Iraqi dinars, the company feels that the Iraq government must re-value their currency to give all Iraqi citizens purchasing power and a new way of living. The company currently holds 135,000,000 dinars and every $1 USD upward movement in the price of the Iraqi dinar gives the company a profit of $134,900,000, or roughly an EPS of $2.73.
The minister of finance stated that it is Iraq's goal to see the Iraqi dinar at its original value of 1USD = .312 dinar or $3.20. With the United States help and all the laws that have been passed, the financial situation in Iraq has dramatically improved over the last 12 months. The country of Iraq has made itself one of the few countries to be nearly debt-free, have the third proven oil reserves in the world and to be first in natural gas reserves. With all this and still holding a large amount of gold and $28 billion in the U.S. Federal Reserve, the company feels that Iraq will accomplish its goal. Sebastian River Holding's Inc. currently holds 135,000,000 Iraqi dinars.
With all the positive financial news from the Iraqi government and the rate of the dinar rising from $1USD = 1450 Iraqi dinars, to a recent high of $1USD = 1238 Iraqi dinars, the company feels that the Iraq government must re-value their currency to give all Iraqi citizens purchasing power and a new way of living. The company currently holds 135,000,000 dinars and every $1 USD upward movement in the price of the Iraqi dinar gives the company a profit of $134,900,000, or roughly an EPS of $2.73.
The minister of finance stated that it is Iraq's goal to see the Iraqi dinar at its original value of 1USD = .312 dinar or $3.20. With the United States help and all the laws that have been passed, the financial situation in Iraq has dramatically improved over the last 12 months. The country of Iraq has made itself one of the few countries to be nearly debt-free, have the third proven oil reserves in the world and to be first in natural gas reserves. With all this and still holding a large amount of gold and $28 billion in the U.S. Federal Reserve, the company feels that Iraq will accomplish its goal. Sebastian River Holding's Inc. currently holds 135,000,000 Iraqi dinars.
Labels: Daniel Duffy, Iraqi dinars, Sebastian River Holding's Inc.
Sunday, April 01, 2007
U.S. company buys more dinars
Finance
(PortalIraq) - Sebastian River Holding's Inc. recently announced that the company has added an additional 35 million Iraqi dinars (ID) (US$ 27,637.40) to its foreign currency portfolio. This purchase gives Sebastian River Holding's Inc. a total of 135 million ID (US$ 106,601.40). The company aims to acquire a total of one billion ID.
The company feels that this investment will increase dramatically in the near future. According to the company, Iraqi news sources state that a revalue of the Iraqi currency is in the near future. "We are building our portfolio in foreign currency," Sebastian River Holding's, Inc., President and CEO Daniel Duffy said. "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."
The company feels that this investment will increase dramatically in the near future. According to the company, Iraqi news sources state that a revalue of the Iraqi currency is in the near future. "We are building our portfolio in foreign currency," Sebastian River Holding's, Inc., President and CEO Daniel Duffy said. "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."
Labels: Daniel Duffy, Iraqi dinars, Sebastian River Holding's Inc.
Thursday, March 29, 2007
American company buys 1 bn dinars
Business
(Portal Iraq) - Sebastian River Holding's, Inc., today announced that the company has joined the United States and has invested in the Iraqi economy by purchasing 100,000,000 Iraqi dinars. The company feels that the investment will increase dramatically in the near future. As of today, 1,000,000 Iraqi dinars is equal to $784.93, according to the Central Bank of Iraq (CBI).
Since it is nearly impossible to purchase directly from CBI, 1,000,000 Iraqi dinars is being sold as high as $1,340 in the United States, according to the company. Prior to war with Iraq, the Iraqi dinar was valued as high as $3.20 per dinar; this means 1,000,000 dinars was worth as high as $3,200,000, the company explained in its announcement."We are on our way to become large investors in foreign currency," Sebastian River Holding's, Inc., President and CEO Daniel Duffy said.
"Since Iraq has the largest natural gas reserve in the world and is the second largest proven oil reserves in the world with over 100,000,000,000 barrels of oil, the company feels that the dinar reaching one dinar per U.S. dollar is feasible. If the rate goes one dinar for one U.S. dollar, this would give Sebastian River Holding's, Inc., a profit of well over $99,000,000 from this one investment."
Labels: Daniel Duffy, Iraqi dinars, Sebastian River Holding's Inc.
