Warka conservatorship

[40plus]

Anyone have any updates on current status of CBI conservatorship with Warka?

[40plus]

Anyone? Hellooooooo?

[kostas1972]

yea whats going on?

[Will-it-happen?]

Anyone have any updates on current status of CBI conservatorship with Warka?

yep

they still got all our money and shares

[40plus]

yep

they still got all our money and shares

That much we know..just wondering if anyone had some additional information. But thanks for your contribution.

[Will-it-happen?]

That much we know..just wondering if anyone had some additional information. But thanks for your contribution.

anytime

you do realise Al-bunia has nicked a lot of our cash and the cbi are loathed to replace it

[MetroLink]

I sent an email the other day to Warka's head of foreign relations, Mr. I asking if Warka would be issuing the 33% free shares it promised its shareholders in 2010 and 2011 but never did. Here's the reply I received today:

"Dear Sir,

The CBI has been appointed guardian and trustee of the bank to support the bank in finalizing its capital increase and boost its operations as well as collecting its debt from creditors.

The daily operations of the bank are running smoothly and regularly where we are accepting deposits and opening accounts per standard daily practice.

With regards to Warka stock...once we finalize our affairs with the Iraqi Company Registration Office and Capital Increase...we will trade regularly on the ISX."

Well...we may not see our free shares but it looks like we'll see Warka back trading again on the ISX...hopefully some day "soon"!

[chakkarchee]

I sent an email the other day to Warka's head of foreign relations, Mr. I asking if Warka would be issuing the 33% free shares it promised its shareholders in 2010 and 2011 but never did. Here's the reply I received today:

"Dear Sir,

The CBI has been appointed guardian and trustee of the bank to support the bank in finalizing its capital increase and boost its operations as well as collecting its debt from creditors.

The daily operations of the bank are running smoothly and regularly where we are accepting deposits and opening accounts per standard daily practice.

With regards to Warka stock...once we finalize our affairs with the Iraqi Company Registration Office and Capital Increase...we will trade regularly on the ISX."

Well...we may not see our free shares but it looks like we'll see Warka back trading again on the ISX...hopefully some day "soon"!

Ho old is this correspondence ??

[War Eagle]

Hang tough folks,and we will be fine with Warka. The CBI fully guarantees ALL deposits,and stocks with Warka are a totally seperate division;They,too, are safe.Just be patient a little longer!!!!

[shardima]

I sent an email the other day to Warka's head of foreign relations, Mr. I asking if Warka would be issuing the 33% free shares it promised its shareholders in 2010 and 2011 but never did. Here's the reply I received today:

"Dear Sir,

The CBI has been appointed guardian and trustee of the bank to support the bank in finalizing its capital increase and boost its operations as well as collecting its debt from creditors.

The daily operations of the bank are running smoothly and regularly where we are accepting deposits and opening accounts per standard daily practice.

With regards to Warka stock...once we finalize our affairs with the Iraqi Company Registration Office and Capital Increase...we will trade regularly on the ISX."

Well...we may not see our free shares but it looks like we'll see Warka back trading again on the ISX...hopefully some day "soon"!

sorry to rain on your parade but this is standard response! but as Wareagle says we will be okay this is in MHO maybe he knows more than me!

[War Eagle]

Yes, I do. I talked with Bill Burbank,who sits on the board of the ISX,and is a VERY large customer of Warka Bank. He assured me there were NO problems with Warka Bank.

[Will-it-happen?]

Yes, I do. I talked with Bill Burbank,who sits on the board of the ISX,and is a VERY large customer of Warka Bank. He assured me there were NO problems with Warka Bank.

phew......... thank goodness for that !!!!

Can you ask Bill why Warka are still in guardianship and why I cant transfer my money out ?
Also why their stock price has been frozen for over two years and why there has been NO communication to the customers giving re-assurance on their status.

thanks

[RoyalBeluga]

I remember a good few years ago now that Crow told us that we should expect to enter a period of 'lockout' regarding the ISX. Maybe this is that period he was talking about?

[40plus]

anytime

you do realise Al-bunia has nicked a lot of our cash and the cbi are loathed to replace it

Is there a link for the above???

[40plus]

Yes, I do. I talked with Bill Burbank,who sits on the board of the ISX,and is a VERY large customer of Warka Bank. He assured me there were NO problems with Warka Bank.

Bill Burbank? Is he really legit now?

[MEALTICKET]

Yes, I do. I talked with Bill Burbank,who sits on the board of the ISX,and is a VERY large customer of Warka Bank. He assured me there were NO problems with Warka Bank.

How did you figure Bill Burbank sits on the board of the ISX?

[chakkarchee]

Yes, I do. I talked with Bill Burbank,who sits on the board of the ISX,and is a VERY large customer of Warka Bank. He assured me there were NO problems with Warka Bank.

This is a new one , did you meant to put this on ISX joke of the day section

[calstar]

You guys crack me up lol

[Baghdad]

lol Bill who? lol hahaahaha