Important! Warka Stock Procedure

[Chaka]

Since the new manager took over - this is how the process works
1. Submit order-
2. Warka fill what the can and that order is DONE
3. Warka send you details
4. If you want new stocks you must resubmit an order- which they notified some of you already this is the new way

Bottom line is Mr I said it was impossible to keep track of the partial orders while people were still sending in new requests

Honestly , this is a good method in my opinion. Cut and dry. Submit an order- heres what filled, Start over.


For all the parties sending in stock requests - heres a few reasons they arent being filled
1) THERE ARE NOT ENOUGH SHARES TO BUY- look at the daily volume of each stock
We're not ordering burgers in a drive-thru with food waiting for us to come- supply and demand.

2) STOCKS THAT ARE IN GENERAL ASSEMBLY MEETINGS ARENT TRADING-
- follow www.isx-iq.net regularly to learn who is entering these meetings
Dont request these stocks as they cannot be filled until trade resumes.

3) NO ONE IS OFFERING TO SELL THEIR SHARES FOR SOME COMPANIES
-obviously this will change from day to day

4) Multiple requests for same company-
Again if 5 people want Mosul Bank and only 3 contracts get filled. It may mean 2 people miss out on this session. SUPPLY NOT MEETING DEMAND

For whatever reason, Sending E-mails during bank hours seems to get the best results for response. Reminder Baghdad is 9 hours ahead of central time zone-adjust your time accordingly.

Just be persistant - and appreciate anything you can get now at these prices because once the flood gates open- now you will be competing with the masses and these prices will be distant memory.

In a strange way- the security struggle is benefiting ISXers with "long term vision". Iraqis with either no money or those who've moved funds elsewhere contribute to the low volume, BUT this will change and fast once ISX ready electronic.

[vipor]

Thanks Chaha. Good reminder to all to be patient and persistent. It may be happening slowly but over time the small amounts of stock DO accumulate.

[buck74]

Thanks Chaka, as always, you the man!

[onenomad]

In a strange way- the security struggle is benefiting ISXers with "long term vision". Iraqis with either no money or those who've moved funds elsewhere contribute to the low volume, BUT this will change and fast once ISX ready electronic.

Amen Brother :lmao: :lmao: :lmao:

[DataDr]

Since the new manager took over - this is how the process works
1. Submit order-
2. Warka fill what the can and that order is DONE
3. Warka send you details

4. If you want new stocks you must resubmit an order- which they notified some of you already this is the new way




Bottom line is Mr I said it was impossible to keep track of the partial orders while people were still sending in new requests

Honestly , this is a good method in my opinion. Cut and dry. Submit an order- heres what filled, Start over.


For all the parties sending in stock requests - heres a few reasons they arent being filled
1) THERE ARE NOT ENOUGH SHARES TO BUY- look at the daily volume of each stock
We're not ordering burgers in a drive-thru with food waiting for us to come- supply and demand.

2) STOCKS THAT ARE IN GENERAL ASSEMBLY MEETINGS ARENT TRADING-
- follow Iraq Stock Exchange Web Site (http://www.isx-iq.net) regularly to learn who is entering these meetings
Dont request these stocks as they cannot be filled until trade resumes.

3) NO ONE IS OFFERING TO SELL THEIR SHARES FOR SOME COMPANIES
-obviously this will change from day to day

4) Multiple requests for same company-
Again if 5 people want Mosul Bank and only 3 contracts get filled. It may mean 2 people miss out on this session. SUPPLY NOT MEETING DEMAND

For whatever reason, Sending E-mails during bank hours seems to get the best results for response. Reminder Baghdad is 9 hours ahead of central time zone-adjust your time accordingly.

Just be persistant - and appreciate anything you can get now at these prices because once the flood gates open- now you will be competing with the masses and these prices will be distant memory.

In a strange way- the security struggle is benefiting ISXers with "long term vision". Iraqis with either no money or those who've moved funds elsewhere contribute to the low volume, BUT this will change and fast once ISX ready electronic.

for the post. You are right on the money. Things have gotten much better in the past few months with stock purchases. Ground floor opportunity for the ISX. Good luck to all.

[cream]

Are there new people to e-mail? for accounts and for isx picks.
I can't get anyone to respond to my emails. to see if they received my picks. now that i'm worried I can't get someone to respond to wheather or not I have an account.
not reponse from each address' info, isx , cutomer service,
sent emails from aol, yahoo & gmail. not everyday but over months of time as to allow them time.
Any suggestions from anyone. Anyone have a phone # to call them? maybe. up for anything at this point.:confused: pm me with nay suggestions

[wherbie]

I have nothing but praise foe Al-Warkaa Bank.....never had a problem with email or stock orders.....

Mr. M has been good to me.....and MG...

2 orders wer,nt totally filled but they got as much as available.....@ 90 %

good job men......

[mnatividad]

I have nothing but praise foe Al-Warkaa Bank.....never had a problem with email or stock orders.....

Mr. M has been good to me.....and MG...

2 orders wer,nt totally filled but they got as much as available.....@ 90 %

good job men......

Hey Wherbie,

When were your picks executed? Was it from yesterday's trading session? I sent a stock list over a week ago to be executed ASAP but I haven't yet gotten any confirmation that they received my list.

[wherbie]

MDAD.....

no Mr. M emailed me ...he's in Beruit,...cause the ISX was closed for a few sessions....

my last trade was @ 2 weeks ago....but I have a pending order that he will fill.....ASAP

[AAD]

Originally Posted by lance
This is what I sent.
Stock Purchase Order (Date)

I, (Your Name) authorize Warka Investment Bank to withdraw approximately_______ dinar from my savings account #______ to purchase stocks in following manner. Stocks are to be held by Warka Investment Bank in trust until it is legal for shares to be transferred into the name of (Your Name) or until such time as (your name) shall instruct Warka Investment Bank to sell said shares on the Iraq Stock Exchange. It is understood between the parties that Warka Investment bank shall receive 2% in the form of commission at the time when shares are transferred into the name of (Your Name). Should shares be sold back onto the Iraq Stock Exchange before the transfer into Mr. xxxxxx'x name Warka Bank shall collect 2% commission at that time. Commission will be approximately (XXXXXX Iraqi dinar).

Stocks (Your Picks)
Example: DARB Dar Al Salam Bank (number of shares requested at Market Price)

Parties agreed in principle, signed below.




________________________________ Date_________________
(Your Name)

________________________________ Date_________________
Warka Investment Bank Representative



Hello, I'm not clear as to what I'm supposed to put where the above xxxxxx show up. On the (Mr. xxxxxx) part, do I simply put whoever is in charge of stocks at Warka, or do I put my own name instead?

Also from what number do you guys find out how much I would put in the (XXXXXX Iraqui Dinar) commission part?


Sorry guys I'm a newbie and I did not get those two parts, can you guys help me out here?

[Lux]

Hello, I'm not clear as to what I'm supposed to put where the above xxxxxx show up. On the (Mr. xxxxxx) part, do I simply put whoever is in charge of stocks at Warka, or do I put my own name instead?

Also from what number do you guys find out how much I would put in the (XXXXXX Iraqui Dinar) commission part?


Sorry guys I'm a newbie and I did not get those two parts, can you guys help me out here?

Well after reading it, I can say it is a little confusing, but it is your name that goes there.

:wave:

[tmorr37]

on the commision rate I just leave it XXXX.
they take

[iamrealdreamer]

On my form I have been sending for 5 months I don't mention approximately anything, I say the number of shares for each bank, co.,ECT... and that is it,they will do the addition, subtraction, ECT... No need to make it difficult, it's a very easy process.

[wherbie]

thats the way I do it.....


WXYZ company 100,000 shares

works for me every time

and I usually only ask to purchase 1 stock at a time....per 1 written, signed request...

[trusty]

Hello, I'm not clear as to what I'm supposed to put where the above xxxxxx show up. On the (Mr. xxxxxx) part, do I simply put whoever is in charge of stocks at Warka, or do I put my own name instead?

Also from what number do you guys find out how much I would put in the (XXXXXX Iraqui Dinar) commission part?


Sorry guys I'm a newbie and I did not get those two parts, can you guys help me out here?

This is just an example:
If your name was Billy Shoestring and you wanted to purchase 500,000 dinar of stock in DARB Dar Al Salam Bank.
and your account # is 123456
Of course you need to sign it.



I, Billy Shoestring, authorize Warka Investment Bank to withdraw approximately 500,000 dinar from my savings account #123456 to purchase stocks in following manner. Stocks are to be held by Warka Investment Bank in trust until it is legal for shares to be transferred into the name of Billy Shoestring, or until such time as Billy Shoestring, shall instruct Warka Investment Bank to sell said shares on the Iraq Stock Exchange. It is understood between the parties that Warka Investment bank shall receive 2% in the form of commission at the time when shares are transferred into the name of Billy Shoestring,. Should shares be sold back onto the Iraq Stock Exchange before the transfer into Mr. Billy Shoestring, name Warka Bank shall collect 2% commission at that time. Commission will be approximately 10,000 Iraqi dinar).

Stocks (Your Picks)
DARB Dar Al Salam Bank at Market Price)

[tmorr37]

I, Billy Shoestring, authorize Warka Investment Bank to withdraw approximately 500,000 dinar from my savings account #123456 to purchase stocks in following manner. Stocks are to be held by Warka Investment Bank in trust until it is legal for shares to be transferred into the name of Billy Shoestring, or until such time as Billy Shoestring, shall instruct Warka Investment Bank to sell said shares on the Iraq Stock Exchange. It is understood between the parties that Warka Investment bank shall receive 2% in the form of commission at the time when shares are transferred into the name of Billy Shoestring,. Should shares be sold back onto the Iraq Stock Exchange before the transfer into Mr. Billy Shoestring, name Warka Bank shall collect 2% commission at that time. Commission will be approximately XXXXXX Iraqi dinar).

Stocks (Your Picks)
DARB Dar Al Salam Bank at Market Price)


YEAH THATS IT, BUT I LEAVE THE COMMISSION WITH XXXX

[AAD]

Thank you so much guys for the help. Now I'll wait for next Wednesday at midnight (Pacific or Estern?) to request an account, and once that is done I'll wire fund and ask to buy stock.

I just hope my requests don't get lost in time somewhere, I really hope I can get in on all this asap...;)

Best of luck to all!

[dagod1]

I noticed some of your posts. Is it possible to look at these stocks in your account online once you get set up?
Rob

[pokerfool]

This is just an example:
If your name was Billy Shoestring and you wanted to purchase 500,000 dinar of stock in DARB Dar Al Salam Bank.
and your account # is 123456
Of course you need to sign it.



I, Billy Shoestring, authorize Warka Investment Bank to withdraw approximately 500,000 dinar from my savings account #123456 to purchase stocks in following manner. Stocks are to be held by Warka Investment Bank in trust until it is legal for shares to be transferred into the name of Billy Shoestring, or until such time as Billy Shoestring, shall instruct Warka Investment Bank to sell said shares on the Iraq Stock Exchange. It is understood between the parties that Warka Investment bank shall receive 2% in the form of commission at the time when shares are transferred into the name of Billy Shoestring,. Should shares be sold back onto the Iraq Stock Exchange before the transfer into Mr. Billy Shoestring, name Warka Bank shall collect 2% commission at that time. Commission will be approximately 10,000 Iraqi dinar).

Stocks (Your Picks)
DARB Dar Al Salam Bank at Market Price)


wording here seems odd... can someone clarify and rephrase this for me?

[wickedstigma]

Good day.......i read from somewhere in the forum that rigth now you did not need to have your documents notarize to be able to buy from the ISX....its that true??? will appreciate answer

[calstar]

Great News :happy64::happy64::happy64::happy64:I got more stock certificates!!!!:happy64:Everybody should be getting them. But Warka is behind they were dated 4/12/2007. I guess they are catching up.:happy64::happy64::happy64:

[calstar]

Great News :happy64::happy64::happy64::happy64:I got more stock certificates!!!!:happy64:Everybody should be getting them. But Warka is behind they were dated 4/12/2007. I guess they are catching up.:happy64::happy64::happy64: Where is Crow?

[Crow]

Where is Crow?

Great news tstar! Yeah, a little slow but what the heck!:happy64:

[yunowu]

Great News :happy64::happy64::happy64::happy64:I got more stock certificates!!!!:happy64:Everybody should be getting them. But Warka is behind they were dated 4/12/2007. I guess they are catching up.:happy64::happy64::happy64:

Thanks for sharing !!

[jimmy4645]

Does anyone know what the minimum amount of stocks shares or IQD amount that can be purchase for each company?

What is the IQD Saving account minimum balance?

Does any have a template that I can use to purchase stocks in my own name in lieu of the proxy?

Thanks very much

[jimmy4645]

anyone with some info

[Tallil1]

anyone with some info

[URL="http://www.investorsiraq.com/forumdisplay.php?f=83[/URL]

UUGGHH!!! Search the forum archives! All of your questions will be answered!:lmao:

[skismenos_78]

Hey there just wanted to let you know I am having the same problem. I have sent them emails for my log in id and password and nothing. Also I sent them $150 usd to put in my acct and no response. I know they have recieved the money but have no clue. Well hope you here something soon keep me updated if I hear of anything I will let you know 2. All the best.

[tklincoln]

Hey there just wanted to let you know I am having the same problem. I have sent them emails for my log in id and password and nothing. Also I sent them $150 usd to put in my acct and no response. I know they have recieved the money but have no clue. Well hope you here something soon keep me updated if I hear of anything I will let you know 2. All the best.

I know it can be hard, but try your best to be patient. It took almost two weeks for me to place the order, have it executed, and receive the spreadsheet detailing my stock picks. Warka is executing over 1000 trades every trading session so they are busy. Keep in mind in regards to your international wires, that it can take 2-7 business days depending on season and time of week. There is something to be said about playing the waiting game and it can be a challenge especially with March 18 rolling around the corner next week. Don't send more than 1 email every few days or so. Mr I and team are busy and will get back to you in time.

[TreasureHunter]

Does anyone know what the minimum amount of stocks shares or IQD amount that can be purchase for each company?

What is the IQD Saving account minimum balance?

Does any have a template that I can use to purchase stocks in my own name in lieu of the proxy?

Thanks very much


Your minimum purchase per stock is 50,000 shares now.
Use to, there was no limit. I received as little as 5,000 shares of a few stock!

[BatmaninIraq]

Hey there just wanted to let you know I am having the same problem. I have sent them emails for my log in id and password and nothing. Also I sent them $150 usd to put in my acct and no response. I know they have recieved the money but have no clue. Well hope you here something soon keep me updated if I hear of anything I will let you know 2. All the best.

Mine i sent last march 4, 2008 but i received the email from Mr. I that it would take 4-5 working days and as soon as they received my fund they will inform me and process my logging name and password, you must include that there is fee from dresdner about 40 dollars

[monier]

Your minimum purchase per stock is 50,000 shares now.
Use to, there was no limit. I received as little as 5,000 shares of a few stock!

Huh? 50,000 shares as a minimum purchase order? so that would mean that if I wanted to buy dar es salam at a price for 6,200 IQD that would cost me 50,000x6,200= 310,000,000 IQD????

[Nufsed]

Are there new people to e-mail? for accounts and for isx picks.
I can't get anyone to respond to my emails. to see if they received my picks. now that i'm worried I can't get someone to respond to wheather or not I have an account.
not reponse from each address' info, isx , cutomer service,
sent emails from aol, yahoo & gmail. not everyday but over months of time as to allow them time.
Any suggestions from anyone. Anyone have a phone # to call them? maybe. up for anything at this point.:confused: pm me with nay suggestions

I sent a stock order last week, and received a reply within two days. I "always" cc a copy of the email to Mr I, and this always works for me.

[War Eagle]

Not me-I emailed an order over a week ago,was told it would be initiated Tuesday, Aug. 5-Warka doesn't trade on Sundays,NOT a word since!!!!

[dinar@8]

wording here seems odd... can someone clarify and rephrase this for me?
Yes this form is for Warka to buy shares for you acting as your proxy. You may have them transferred into your name if you wish but the process for this is somewhat involved (it is described elsewhere on the ISX forum) and so many are happy to let Warka hold the shares for them. I hope this helps you understand the need for the wording. Warka are just making it clear that if you sell the shares (by asking them to sell them for you) then they will make the commision charge stated. That is effectively their dealing charge for selling.

[Chaka]

Huh? 50,000 shares as a minimum purchase order? so that would mean that if I wanted to buy dar es salam at a price for 6,200 IQD that would cost me 50,000x6,200= 310,000,000 IQD????

no- the comma represents decimal
50,000 x 6.2 = 310,000 + 1% buy commission

[War Eagle]

I made the MISTAKE of trying to sell 3 stocks,while at the same time,buying 3-WILL NEVER DO THAT again!!!!!!!!!!!!lEARNED A LESSON-1 STOCK AT A TIME

[War Eagle]

dagod1;Warka is not set up at this time to put your portfolio online.However,we have a good friend on the IIF that has seet up a web site where you can do this.myisx.com-this is a good website,and will keep you current on your stocks.Hope this helps,war eagle

[War Eagle]

As of Jan.1,2009,Warka's minimun order is 200,000 shares per company.This is per mr.I.

[williambedloe]

As of Jan.1,2009,Warka's minimun order is 200,000 shares per company.This is per mr.I.

Wow! Good info - thanks! it pays to be in early...well, it hasn't paid yet, but maybe one day it will

[james 394]

The min amount to buy is 200,000 Mr I said it was on orders from the ISX to up the min to 200,000 and not Warka's idea, J.

[pepe12345]

:fubar::fubar::fubar::fubar:Hi

i have 2 accounts with warka and to buy ISX stock is not just by sending a letter and the money.

all the procedures take time but the real bad part is that you have to be certify by the iraq embassy in your country. example it cost around 300 dollars and you have to go thru the arabian embassy. this i was told by my brasnch manager in baghdad

[Dnar]

Hello everyone. Its been a while since I followed up on this Dinar.

I would like to know the quickest way to get up date information about my current stocks that I purchased back in 2005. I also have a bank account with Warka that I opened around the same time.

Any help or advice would be appreciated.

Thanks. :-)

[chakkarchee]

I tried to sell stocks few times and the order was never filled, apart from above mentioned situation, Can someone tell if sell order has also limit of 200,000 share order with Warka bank, also if any one was successfull in selling fewer than 200,000 shares.

[cloaked]

Chaka, thanks for the update! I have been very busy and not up to par on things as I should be. As always, you are the best!

[cloaked]

As of Jan.1,2009,Warka's minimun order is 200,000 shares per company.This is per mr.I.


I got the same from Mr. I. However, I have put in orders for 200K and only received 50K and 100K shares but you have to put in the 200K.

[RoyalBeluga]

I asked Mr I about this and he said that although the minimum buy order is 200k shares there is no minimum sell order, this was a while back when the 200k minimum came into effect so things might have changed now, I guess if someone emails Mr I to ask him then we'll all know one way or the other :nod:

[chakkarchee]

Info from WArka on Stock selling with Warka and ISX

Dear Mr. Chakkarchee,


With the ISX going electronic the process and procedures have become unfortunately lengthier your sell orders will continue until sold. As bids are made on your shares and sold my department will credit the funds to your account providing a confirmation.

Best regards,

[Albus Dumbledore]

I sent my notarized ISX document to the arab american chamber of commerce today. I hope everything works out smoothly. Been thinking about getting into the ISX for some time now and I finally took the plunge.:speechless:

[RoyalBeluga]

I sent my notarized ISX document to the arab american chamber of commerce today. I hope everything works out smoothly. Been thinking about getting into the ISX for some time now and I finally took the plunge.:speechless:

Izzy Wizzy Lets Get Busy! :yes:

[Albus Dumbledore]

Hmmmmm.......Yesssssssss (stroking beard). Now if only I had a razor......

[Kickabuck]

Hello everyone. Its been a while since I followed up on this Dinar.

I would like to know the quickest way to get up date information about my current stocks that I purchased back in 2005. I also have a bank account with Warka that I opened around the same time.

Any help or advice would be appreciated.

Thanks. :-)

:biggrin: Dnar, are you aware that they trade electronically? Just click the "ISX latest results" under the "Stocks" tab here :rolleyes: You have probably missed a LOT of paid in share opportunities...why invest, then ignore it? :confused:

[Kickabuck]

I sent my notarized ISX document to the arab american chamber of commerce today. I hope everything works out smoothly. Been thinking about getting into the ISX for some time now and I finally took the plunge.:speechless:

Albus...this can be very addicting...BEWARE :eek:

You should be getting in at a good level with the banks. Some of the other sectors show promise...but have had small run-ups already. Bargains are everywhere, Buy, Buy, Buy...you will not be disappointed if you're patient :biggrin:

[Crow]

Hmmmmm.......Yesssssssss (stroking beard). Now if only I had a razor...... "The consequences of our actions are so complicated, so diverse, that predicting the future is a very difficult business indeed."

[Albus Dumbledore]

"If there is one thing Voldemort cannot understand, it is love. He didn't realize that love as powerful as your mother's for you leaves it own mark. Not a scar, no visible sign . . . to have been loved so deeply, even though the person who loved us is gone, will give us some protection forever. It is in your very skin."

[Seaview]

Well, I hope you are right about that.

[goldbaker88]

Thanks for sharing!


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