Karbala Hotels - Paid Up Shares

[Seaview]

Dear Warka Investors,

Karbala Hotel has announced that it will be issuing 100% paid up shares at the price of IQD (1) per share for those shares owned prior to holding its general assembly meeting.

Investors are kindly requested to submit their signed authorization letters to purchase the paid up shares by July 6th 2009 Warka business hours and any request received after this date and time will be considered null and void by our bank.

Best regards,

ISX Department
Warka Bank for Investment and Finance

http://www.warka-bank.com/inner.php?type=3&id=52 (http://www.warka-bank.com/inner.php?type=3&id=52)

[24mm exposed grid]

Thanks Seaview,

6th July, that really isn't much time is it ? If you're on holiday this week, you've missed it and then you end up holding diluted stock.

[billh]

Hooray !! Way to double your position at a absolute fraction of its value !!!!!

[darog]

gettem while you can boys and girls. i just got my order in. yesssssssss

[RoyalBeluga]

It's times like this I wish I owned some hotel stock, oh well such is life. Bet Crow's happy though :party:

[cloaked]

Can you say, "CHA CHING!" :party::beer:

[Chaka]

Thanks Seaview,

6th July, that really isn't much time is it ? If you're on holiday this week, you've missed it and then you end up holding diluted stock.

if all of the holders of the stock take advantage of the offer, it is not diluted in traditional terms.
Yes there are 2x the shares outstanding but the number of owners did not increase. These same owners just doubled their own position maintaing the same relative % ownership of the stock

The strength of taking advantage of the situation vs being unable to is this:
often these pd shares are worth more than the share price and pd capital shares can be sold for instant profit

In the case of Karbala- every one of the shareholders will buy (selling other positions if need be) . Those that dont will miss a great opportunity

[24mm exposed grid]

if all of the holders of the stock take advantage of the offer, it is not diluted in traditional terms.
Yes there are 2x the shares outstanding but the number of owners did not increase. These same owners just doubled their own position maintaing the same relative % ownership of the stock

The strength of taking advantage of the situation vs being unable to is this:
often these pd shares are worth more than the share price and pd capital shares can be sold for instant profit

In the case of Karbala- every one of the shareholders will buy (selling other positions if need be) . Those that dont will miss a great opportunity

Anyone missing this silly 6 day window, really is going to miss out big time. Not only will they not increase their own position, but the inevitable sell off afterwards will cause the price of the stock they do own to drop even further still.

Bit of a double whammy as I see it.

Moral of the story : Take your laptop on holiday & don't miss out guys !

[Agutie5399]

Hello everyone, currently looking to invest in stocks or dinars or lets just say anything. LOL! I have never been involved with stocks, so any suggestions would be greatly appreciated. Has anyone had any success so far? Who could I get involved with to start trading? With some sort of guidance to stocks or locations could really help me with my new interest! Thanks!!

[RoyalBeluga]

Hello everyone, currently looking to invest in stocks or dinars or lets just say anything. LOL! I have never been involved with stocks, so any suggestions would be greatly appreciated. Has anyone had any success so far? Who could I get involved with to start trading? With some sort of guidance to stocks or locations could really help me with my new interest! Thanks!!

There's a great website with tons of info - just what you're looking for.

Goto: www.investorsiraq.com

:itwasntme:

[latefordinar]

:sleepy::sleepy:Couldn't pull the trigger in time...Double whammy indeed!:crying::headbang::headbang:
Any one got the scoop on Monsour Hotel...Don't want to miss out twice.:blush:

[Fishindinar]

I just found out today which is three days late. They are definately screwing the foreign investor. I still did not get Islamic, Gulf or Warka yet either.

[RoyalBeluga]

I just found out today which is three days late. They are definately screwing the foreign investor. I still did not get Islamic, Gulf or Warka yet either.

Are you aonly having these problems since the ISX went fully ET?

[Fishindinar]

Mr. I assured me I would receive them (May 31). I just asked him about the short time line for Karbala and will tell you his responce when I get it.

[latefordinar]

Heed the Forewarning from Crow, 24mm and others, Don't take anything for granted with the ISX.
Be prepared when this thing pops.

Karbala Hotel represents 5% of my share holdings and 60% of my overall gains BEFORE I missed out on the paid up shares... caught short could not get my sell orders executed timely before the 6 day window was announced... and sleeping, because if I recall, Karbala hotel doesn't trade again until September.

Nevertheless, I have a fairly well-balanced portfolio -in the black- and a clearer vision of the adjustments I want to make. My biggest error... not keeping enough cash in my Warka IQD account to take advantage of an opportunity like this.

Things are looking much better than the last quarter of '07 and there are plenty of opportunities ahead. Thanks to all for the great advice and the great information.

Perhaps airing my miscue will help keep others from making a similar error, and help everyone to see that the vison of the Crow is unfolding in the here and now.

Thanks to All, I want to be neverlatefordinar:beer::time::pizza:

[Fishindinar]

Got my responce from Mr. I and he said that is the timetable to take advantage of the free shares. I was waiting for that one and can't believe I missed it. So instead of gaining I'll be loosing money.:headbang:

[24mm exposed grid]

Got my responce from Mr. I and he said that is the timetable to take advantage of the free shares. I was waiting for that one and can't believe I missed it. So instead of gaining I'll be loosing money.:headbang:

Shocking Fish, really gutting. It is such poor, poor form from these companies with these ridiculously short time spans.

People, this really needs to be said and shouted loud and clear. THIS IS A WEALTH WARNING: CHECK THIS SITE DAILY FOR NEW DEALS, LEAVE MONEY READY IN YOUR ACCOUNT TO PAY FOR THESE DEALS. BE READY TO POUNCE WHEN NECESSARY.

Fish, this is probably the worst deal to have missed in recent times, I do feel for you mate. Unless the market in general, moves significantly between now and October when Karbala is due to re-open, I would expect a sizeable drop in price.

[Fishindinar]

24mm I couldn't agree more. Seems like everytime I do something against my intuition I pay for it somehow even if it is not related.
I was drunk jumping on a trampoline with a fat topless girl (first and last date) on the 4th of July. I knew I would pay some way or another. Always stick to your intuition mate.:doh:

[24mm exposed grid]

24mm I couldn't agree more. Seems like everytime I do something against my intuition I pay for it somehow even if it is not related.
I was drunk jumping on a trampoline with a fat topless girl (first and last date) on the 4th of July. I knew I would pay some way or another. Always stick to your intuition mate.:doh:

:happy64: Oh well, in that case, whats a few missed shares !!

Seems like you had a cracking 4th July ! Thats probably one of those funny memories that will last a lifetime. :yes:

[nveagle]

Received my shares today.

[Magpye]

just recieved mine today:yes:

[latefordinar]

Just received 53000 shares of Karbala Hotels today. Although dealing with Warka can be frustrating and tedious.... they do an outstanding job for their customers!
I hold 220000 shares of Karbala Hotels and did not have sufficient funds in my account for 100% paid up shares, however I put in my request for paid up shares and they executed for the available balance in my account, (53000) I can't emphasize enough how pleased I am that this transaction was executed on my behalf!
And how pleasantly surprised I am. I love Warka Bank....:inlove:

[Kadeda]

Late for dinar
Well done! That's one way to make a huge profit on hotels, getting something for 1 dinar when it normally costs over 10 times as much is excellent. :rofl:I'm wondering which hotels normally give out free shares. I'm definately going to try and get into Karbala.

I bought some Baghdad bank and saw on a website they were giving out lots of free shares 01/07/09. But then I checked on Warka's website 'news' section and I couldn't see anything. Does anyone have any news on this?

Thanks

[latefordinar]

Not absolutely sure but I suspect Mansour Hotel will also offer free shares and they are
due to announce!

[RoyalBeluga]

Late for dinar
Well done! That's one way to make a huge profit on hotels, getting something for 1 dinar when it normally costs over 10 times as much is excellent. :rofl:I'm wondering which hotels normally give out free shares. I'm definately going to try and get into Karbala.

I bought some Baghdad bank (over a half million shares) and saw on a website they were giving out lots of free shares 01/07/09. But then I checked on Warka's website 'news' section and I couldn't see anything. Does anyone have any news on this?

Thanks

Well apparently they did a 21% split (free shares) and thats why the price came down from 2.5ish to 1.96 :nod:

[Kadeda]

Not absolutely sure but I suspect Mansour Hotel will also offer free shares and they are
due to announce!

Thanks
How do you know they're about to announce and is it too late to buy some to avail of this then?

[latefordinar]

I recall seeing a statement somewhere that they were going to offer 100% paid up
shares, (I only saw this once and did not save it). I actually submitted a request to
Warka for 100% paid up shares, and was notified that Mansour Hotel had not yet announced, that's why I was caught off guard by Karbala, I was expecting Mansour to
announce first. I don't aim to start any rumors because I cannot document this, but
I understand that if your shares are confirmed and credited to your account, before
they announce the paid up shares, you are entitled. Please Note that Mansour Hotel
has not announced and have not announced a percentage. If I were going to buy
anyway... I would try to confirm the transaction before they announce the paid up
shares... It's your risk and I generally don't like to make reccomendations. I hope this helps.