Nathan

  In Nathan

I can tell you this much on the transactions I was involved in the last couple years I never transacted on anything above $1 and it was sub a dollar…the contracts that I transacted on it didn’t stipulate the rate.  It was a certain amount of money for a certain amount of IQD. You obviously by extrapolating the amount you’ve got a rate. There’s so many variable involved in these transaction but you could extrapolate a rate out of the transaction by simply dividing how much IQD and how much the offer was for it. It was nowhere near a dollar.  Nowhere near .50 cents. Nowhere near .10 cents. But it was a significant premium to the face value of the IQD.  .01, .02, .03, .04 cents is a huge huge return in anyone’s book. Those transaction are different these are institutional plays. Wt they paid a significant premium up and above the face value of the IQD at the time. Whether they were buying the IQD for an RV I don’t know. That information was never disclosed to me or my associates. But they thought they paid a significant premium up and above the face value of the IQD at the time.