Warka to increase our capital to 100B IQD, then to 250B IQD

[WhiteFeather]

Dear Warka Clients,

I am delighted to inform you that a Senior Management and Board of Directors decision has been reached and made to increase our capital to IQD 250 billion the highest capital of any private bank in .

We will increase our capital to IQD 100 billion by February 28th 2010 issuing free shares to our shareholders further increasing our capital by the end of June 2010 to IQD 250 billion issuing paid up shares to our esteemed shareholders.

Please note that this an announcement where the bonus shares will be issued after we hold, finalize and complete our general assembly meeting in accordance with standard practice and procedures.

Thank you for sharing and contributing to our continuous success and growth.

Respectfully,
Warka Bank for Investment and Finance

[Sniper Six]

Go Warka!!!!!!!

Free Shares, I love it... Opening, middle game, end game....

Sniper :coffee:

[calstar]

Thanks WF thats great news for us!!!!! :yes:

[SEABEE CAN-DO]

I tell you i want out of this game but i keep making money. I feel sorry for all the cash only dopes.

[cowpoke]

I tell you i want out of this game but i keep making money. I feel sorry for all the cash only dopes.

Yes, they are a sad lot.. Sort of like the family loved one addicted to whatever that is sending them over the falls and there is nothing one can do but tough love.

[435613422]

We are getting paid. Make it rain Warka!

[RoyalBeluga]

We are getting paid. Make it rain Warka!

When and how much please? :tongueout:

[MEALTICKET]

When and how much please? :tongueout:

RoyalBeluga Good question.....................:itwasntme:

[War Eagle]

33 1/3 FREE shares, 150 % paid up shares at 1 dinar

[ianina64]

Time to open my Warka bank account and purchase Warka shares...:clapping:

[mike032588]

33 1/3 FREE shares, 150 % paid up shares at 1 dinar


no way its gotta be more that 33% that's a huge increasing... but it is like a private placement that is understandable but where does it say this?

[TreasureHunter]

no way its gotta be more that 33% that's a huge increasing... but it is like a private placement that is understandable but where does it say this?


Just look in the NEWS section at the bottom of the WARKA wesite. It's all there.:yes:

[haggisbasher]

The way I read this is that Warka will issue 33.3% .then by end of June offer 150% paid up shares.
That means i have got till June to get letter to them requesting 150%paid shares.
but could change after AGM,another thing is that sometimes free shares are refered to as cash dividends,so i am not expecting any cash divi's,only shares.

[RoyalBeluga]

The way I read this is that Warka will issue 33.3% .then by end of June offer 150% paid up shares.
That means i have got till June to get letter to them requesting 150%paid shares.
but could change after AGM,another thing is that sometimes free shares are refered to as cash dividends,so i am not expecting any cash divi's,only shares.

Cash dividends and free shares are totally different things, it says cash dividends not free shares! When you bash a haggis you can use a bat or feather as they are both the same thing :headbang::headbang:

[haggisbasher]

Aye its the exact same RB,bat or feather,same end result $$$$$$$$$$$$$$$$$$$$$$$$$$$$$

[latefordinar]

Cash dividends and free shares are totally different things, it says cash dividends not free shares! When you bash a haggis you can use a bat or feather as they are both the same thing :headbang::headbang:haggisbasher?:giggle::clapping ::giggle:

[haggisbasher]

Its a nice meal when yae can catch them,these wee beasties are very fast when running over the hills.

[RoyalBeluga]

Have to say I love haggis :tongueout: with neaps and tatties :rock:

[cloaked]

I'm glad I checked in. Would hate to miss out on Warka paid up shares. :thinking: :party:

[Kickabuck]

I'm glad I checked in. Would hate to miss out on Warka paid up shares. :thinking: :party:

I'm really undecided about this one. With Warka sitting at 1.27 and issuing 33% free, where will the market price fall to? Is 150% really a good deal?

[cowpoke]

I'm really undecided about this one. With Warka sitting at 1.27 and issuing 33% free, where will the market price fall to? Is 150% really a good deal?

That's a tough one, this will be a harbinger for the banking sector. I recall a few years ago when Baghdad pepsi was like a buck and some change and then did a buy in for a buck, I thought for sure the price would drop below the buck line but it never did and in fact went UP.

Since this is not simply a water down free share deal but also incorporates PAID up shares thus increasing potential growth via capital infusion and based on their track record of sustained growth (with minor setbacks) I think it will rise.

Time will tell.

[Kickabuck]

That's a tough one, this will be a harbinger for the banking sector. I recall a few years ago when Baghdad pepsi was like a buck and some change and then did a buy in for a buck, I thought for sure the price would drop below the buck line but it never did and in fact went UP.

Since this is not simply a water down free share deal but also incorporates PAID up shares thus increasing potential growth via capital infusion and based on their track record of sustained growth (with minor setbacks) I think it will rise.

Time will tell.

OK, I really didn't snatch the pebble, took it while you were crashed out :biggrin: Are you buying in 100% of what you own :nerd:

[cowpoke]

OK, I really didn't snatch the pebble, took it while you were crashed out :biggrin: Are you buying in 100% of what you own :nerd:

No, because I do not have enough cash in my account to do so and I am done wiring money over there.
If they can get their act together, and sale some of my non productive holdings then I would be glad to dump the precedes into Warka.

But for now, I have enough Iraq Sand. The US market place has been very good and bad to me lately. I like the volatility and fast moves of our markets. The Gambler side of me is putting more cashflow into the US mrkts while the Wise Long Term slow grow part of me is simply letting the Iraq mkt ride.:smiley:

P.S.
I gota buy the Wife a New/Used Van with the Tax return check... That's 13 Grand I would love to dump in the mkts but I gota keep Mama Happy...:wink:

[TreasureHunter]

That's a tough one, this will be a harbinger for the banking sector. I recall a few years ago when Baghdad pepsi was like a buck and some change and then did a buy in for a buck, I thought for sure the price would drop below the buck line but it never did and in fact went UP.

Since this is not simply a water down free share deal but also incorporates PAID up shares thus increasing potential growth via capital infusion and based on their track record of sustained growth (with minor setbacks) I think it will rise.

Time will tell.


...............I concur! :yes: :time:

[Flyboy]

Can someone describe what is meant by 150% in paid up shares. Are we buying x amount at market, then we get 50% free shares or are do we get 150% of what we purchased.

Can you help me understand please.

flyboy

[Kickabuck]

Can someone describe what is meant by 150% in paid up shares. Are we buying x amount at market, then we get 50% free shares or are do we get 150% of what we purchased.

Can you help me understand please.

flyboy

150% paid up simply means that you can buy 150% of what you own for 1 dinar each. (i.e. if you own 200,000 shares, you have been given the opportunity to buy an additional 300,000 shares at 1 dinar each)

Aside from the paid up shares, they are giving you free ones too : If you own 200,000 shares, they're going to hand you 66,000 shares just for being a loyal stockholder. :biggrin: Make sense?

[malk]

Absolutely nothing to do with the thread but...

+1 for Neaps and Tatties!

[Flyboy]

150% paid up simply means that you can buy 150% of what you own for 1 dinar each. (i.e. if you own 200,000 shares, you have been given the opportunity to buy an additional 300,000 shares at 1 dinar each)

Aside from the paid up shares, they are giving you free ones too : If you own 200,000 shares, they're going to hand you 66,000 shares just for being a loyal stockholder. :biggrin: Make sense?


Thanks, appreciate your info. Works for me.