Tony CC (conference call) Cliff Notes ~ Friday, Nov. 7,2014

Rumor that 400,000 – 700,000 people processed in last week.   Bank personnel say they are processing 15 people a shift.  Only 2-3 locations doing exchanges.    There are 32,000 people on the TNT CC.  

• Slow roll-out:  Exchanging that’s been going on is this plan.  Receiving different rates from $1.00 to $4.00, $10.00 and high contract rate.   Some getting cash and some 25%.  It’s the banks marketing plan to their valuable customers and to build a customer base.   People at all levels in banking are talking about this and frustrated.  People in Iraq are upset Americans going before them.  May start a Twitter campaign.  #wearethepeopleIraq

DC: How long do they intend to keep that going? We have been told, expect over the next couple of days, at same time as Iraqi people. . . .It’s not fair, but we’re putting up with it. . . Bottom line is that is what is going on, and is a lot of tension, . . . people in Iraq know this is going on.  They say some rich guy in America is exchanging but I can’t go through.
DC – If we are still talking about this Monday – Tuesday .. . Yes, it’s causing issues.  . .  Have to be a little more patient.  

• Prosperity Pkg:  It was split up and each bank got their own list.
• Groups: some groups being paid rate they signed up for years ago.  Getting $1.00, $4.00 $10 to upper $20.  Some of them are paying fees and taxes that you/me may not have to pay. There are ramifications to their deals.
• NDA:  Lower rate, International rate does not sign NDA.  Higher rate sign.  It means you cannot talk about this with anyone.  DC said the NDA was transaction specific and he would not be able to talk to Pam or Tony about it.
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• VND/Dong: Still unknown if contract rate.  DC said there was a capability for it, but did not know if it would be available.
• ZIM showing up with numbers
• VND:  confirmed with 5 different sources showing on screens at $1.02 and popped up to $2.17 yesterday.  Unknown what it is today.
• Twitter Campaign was so we all would get paid.  Prior to the campaign the $3.58 was not going to be there.
• Contract rate:   T – Everyone is not going to get it but before (Twitter campaign) no one was going to get it.  Not even the $3.58.  That is what we fought for and agreed on.
• Release Timing:  It was supposed to have gone on Wed. and this morning.  BUT, in meetings decided to roll it out slower.