Receiver Report

We faxed the receiver report to the judge today. Once he signs it, the Department will begin to distribute Dinars.

The Department proposed that investors who wish to pick up their Dinars may make arrangements with the Dept. to travel to Boise to recieve their Dinars. Dinars not picked up will be mailed by registered mail to the investors. These two proposals must first be approved by the Judge before the Dept. can move ahead with this plan.

Due to logistical difficulties, the Dept. will not be converting the Dinars to dollars. The Dept. will deliver Dinars to all investors, and it is up to the individual investor to convert them into dollars.

Mr. Smiley bought his Dinars through the web site Dinartrade.com. The Dept spoke with the owner of Dinartrade.com, and he expressed that he is willing to repurchase the Dinars. This is one option to convert.

The Dept. cannot and does not vouch for Dinartrade.com, and makes no representation about the site's or the owner's reliability or honesty. The Dept. is not recommending that you use Dinartrade.com. On the other hand, the Dept is not recommending that you do not use Dinartrade.com.

Simply put, the Dept knows very little about Dinartrade.com and cannot make any recommendation, one way or the other, about the site or its owner.