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]

Originally Posted by Chaka

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]

Originally Posted by 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 Iraq Stock Exchange Web Site 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. 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]

Originally Posted by 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......

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]

Originally Posted by AAD

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.

[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]

Originally Posted by AAD

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]

Originally Posted by trusty

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]

Originally Posted by trusty

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