Euro Conversion To Dollars

Pollard Banknote Announces Stronger 2nd Quarter Financial Results

"Our volumes were significantly higher during the quarter reflecting two important trends.  First, our sales have increased due to both higher orders from our existing clients and from new orders resulting from our recent new contract awards.  Second, our production capacity has increased over the last six months allowing us to produce these additional volumes.  The increased capacity was the result of improved operations of our in-line press and other projects conducted under our Change Initiative process."

"We are also very pleased to have been recently appointed as primary instant ticket supplier to the Swedish National Lottery."

"We are beginning our second year of our Change Initiative process which has been instrumental in allowing us to improve our operating and financial results as witnessed during this last quarter.  We are confident that these changes in our business, focusing on reducing costs, improving our processes, winning new contracts, increasing our volume and driving innovation, will continue to show positive results in future quarters."

POLLARD BANKNOTE LIMITED

On , Pollard Banknote Income Fund (the "Fund") and Pollard Holdings Limited Partnership ("Pollard LP") completed a conversion (the "Conversion") to a publically traded corporation, Pollard Banknote Limited ("Pollard").  Pursuant to the terms of the Conversion, holders of Fund units received, in exchange for each of their Fund units, one common share of Pollard.  Pollard Equities Limited ("Equities"), the holder of the Class B and Class C Limited Partnership units (collectively, the "Exchangeable LP Units") of Pollard LP and the associated Special Voting Units, received, in exchange for each group of one Exchangeable LP Unit (together with the accompanying Special Voting Unit), one common share of Pollard.

As a result of the Conversion, Pollard became the 100% owner of both the Fund and Pollard LP, with Pollard LP continuing to operate the business of manufacturing and selling lottery and gaming products.

Since there was no change in control as a result of the Conversion, the transaction has been accounted for as if the Conversion had occurred at the beginning of the earliest comparative period presented.  These condensed consolidated financial highlights incorporate the results of both the Fund and Pollard LP with the prior to Conversion comparative figures having been restated to reflect the combined results of both entities.  The assets and liabilities of the Fund and Pollard LP were combined at their carrying values. As a result of the Conversion, the Canadian operations of Pollard became taxable, under the Income Tax Act ( ).  Therefore, the difference between the tax values and the net book value of the Canadian assets and liabilities was recorded as future tax assets and liabilities in the prior to Conversion comparative figures.

PayPal Question: USD to EURO? euro conversion

If I were you I would probably get out of the Euros as fast as I could. The Euro is finished. Although not immediately but it looks like it will go down a little more then bottom out flat for a while and maybe climb just a bit but overall it looks like it’s finished.

I strongly advise you NOT to put any of your assets in USD. If you look at the USD index it has mysteriously surged in the past few weeks but only because the Euro has fallen so quickly compared to the USD. It’s an optical illusion to make the USD “appear” stronger but in reality it is just as worse off or maybe even moreso than the Euro. US unemployment is at 22% and rising, the recent 22 trillion dollar stimulus means inflation is definitely on the way (at least for the short term), and not to mention two weeks ago Tim Geithner was telling the Europeans and the Chinese that America will most likely not be a good place to invest in.

Gold and silver related assets are really the only safe place if you want o protect extra wealth. I think gold and silver are incredibly undervalued right now and it just came in the news that JP Morgan was shorting and suppressing the price of gold. Gold has been completely divorced from the markets indicating obvious and blatant manipulation. It is ready to take off any moment. But in this game you shouldn’t be looking to get rich, you should be considered in protecting whatever money you have. Anyway, you would probably want physical gold rather than ETFs (GLD) since most likely there will be a scandal enveloping the ETFs that the gold reserves they claim to have are much less than they say. But some assets in an ETF are fine, just don’t put all your eggs in one basket.

Your best bets would include currencies denominated by either Canadian or Swiss. But basically I would get the heck out of Euros if I were you. People still can’t see the hand writing on the wall.

If you have any other questions email me.

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