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WISR Ltd V.WZR


Primary Symbol: WSRLF

Wisr Limited is an Australia-based neo-lender company. The Company provides a collection of financial products and services. The Company is engaged in writing personal loans and secured vehicle loans for three, five and seven-year maturities to Australian consumers, and funding these loans through the warehouse funding structures. It provides a Financial Wellness Platform underpinned by consumer finance products, the Wisr App. The Wisr App helps Australians pay down debt, multiple credit score comparison services and Australia’s first money-coaching app Wisr Today. Combined with content and other products that use technology to provide better outcomes for borrowers, investors, and everyday Australians. The Company’s products include loans, credit scores and round up. Its credit score is a summary of financial habits, and helps lenders get to know its customers. Its loan products include debt consolidation loans, car loans, medical loans and others.


OTCPK:WSRLF - Post by User

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Post by john_galton Jul 29, 2014 1:59pm
394 Views
Post# 22790774

US bound tanker update

US bound tanker updatehttps://www.bloomberg.com/news/2014-07-29/iraq-gets-u-s-court-order-seizing-tanker-crude-off-texas.html

Iraq persuaded a U.S. judge to order the seizure of $100 million of oil inside a tanker anchored off Galveston, Texas, that it claims was illegally pumped from wells in Kurdistan.

Kurdish officials “misappropriated” more than 1 million barrels of oil from northern Iraq and exported them through a Turkish pipeline, according to a complaint filed yesterday in Houston federal court. U.S. Magistrate Judge Nancy Johnson in Galveston authorized U.S. marshals to seize the cargo and have it moved ashore for safekeeping until the dispute is resolved.

The U.S. officially recognizes Kurdistan as part of Iraq, although the Kurdish people have jockeyed with the Baghdad-based national government for autonomy for more than a decade. Oil revenues from the northern oil fields could fuel Kurdistan’s fight for independence.

“Either they’ll bring the oil into port, where we’ll take possession of it, or they’ll sail off somewhere else,” Phillip Dye Jr., a Houston-based attorney for the Iraqi Oil Ministry, said in a telephone interview today. His clients don’t know who bought the cargo, and he said he had no reports that any oil has been removed from the tanker yet. In a separate court filing, AET Inc., a lightering services firm, identified Talmay Trading Inc. as the company that hired it to transfer the crude.

The Iraqi government warned Kurdish officials to stop the illegal exporting through Turkey, which began in December, according to the complaint. The crude shipment left Ceyhan, Turkey, on June 23, and has “changed destinations multiple times” while at sea, according to the filing. The ship is anchored about 60 miles southeast of Galveston, according to data compiled by Bloomberg, outside U.S. territorial waters.

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