Sumer Bank Capital Shares

[Mr. I]

Dear Warka Investors,
Sumer Bank announced that it will be issuing 4% free capital shares and 16% paid up capital shares (IQD 1 per share) for those stocks purchased prior to their general committee meeting.
Our eligible shareholders are kindly requested to submit their letters that authorizes our bank to purchase the entitled paid up shares deducting the fees from their accounts.

Entitled shareholders are to submit their authorization letters no later than the 16th of January 2008 noting that any authorization letter received after this deadline will be considered null and void.


Best regards,

Mr. I

[Trapper]

Mr. I

I am not very knowledgeable with the stock market, or the terminology, could you please explain what this means for someone that purchased 100,000 shares of Sumer in Aug 07.

Thank You.

[diamondback]

Your eligible to get free shares and to buy some shares 1 for 1.

[BNZI]

Mr. I

I am not very knowledgeable with the stock market, or the terminology, could you please explain what this means for someone that purchased 100,000 shares of Sumer in Aug 07.

Thank You.


As Diamondback said, you'll get 4'000 shares for free. You don't need to do anything, just sit and wait for confirmation. You also have the oportunity to buy 16'000 shares @ 1 dinar each. You'll have to send Mr I an email if you wish to buy the extra shares.

[Trapper]

Thanks for the info guys. I will contact Mr. I