TNT Conference Call

Monday, April 7, 2025

Tony’s Monologue: The dinar rate was supposed to go on FOREX today and as of this call it is not on FOREX. There’s not a rate at the bank and they are not scheduling. Tony did talk with them, and they are waiting for it to go at any moment. Everyone at the agencies are very quiet today. They had said it would go every day since Friday. It’s Monday morning and it still isn’t here. It is still coming, there is still a rate, and the banks still have the money. In all fairness no one is going to release this with the market doing what it is doing. This is why they are all sitting there waiting. Trump has announced another 50% tariff on China which is affecting things, he has given them to Wednesday to respond, and we will see what happens. The global markets are down. Someone will predict a global recession in the next couple of days. With all that is happening this could be a good thing for us because we could have lost a lot of money if we already had it and invested in things. In Iraq, they said there was a ticker on the news on Thursday about the rv, but they have not seen anything since then. In Baghdad there are two ATMs, an old one and a new one, the new one was turned off. Tony has not heard from Kurdistan today. They had been letting out the lower denoms and they typically are a few days to a week ahead of the rest of Iraq. The guy that exchanged has not told Tony if he has become liquid yet. Others that had been showing pending are not showing anything at all. As far as we are concerned it is still a go, we are right there, there is nothing left to do, and the money has been released to all the countries. Now all we can do is wait to see what happens within the markets.

Q & A:

-            If a rate appears on FOREX before we go, will the higher rates still be available? According to Tony, yes, the higher rates will supposedly still be available.

-            Tony feels that we won’t see the rv until the markets start and continue going up.

-            Are we only waiting a couple days on this? China has been given until Wednesday to respond to the new proposed tariffs and negotiations. Because of what is going on it is affecting the markets. Tony really doesn’t expect this before Wednesday.

Wrap Up: Tony wants to be wrong about what he thinks is going on and that someone will still call today and say it is going after 5 pm. We are still in a good spot and will still get paid. Nothing has stopped and they are just waiting to push it out. Be ready.