NMP2017 Posted April 19, 2018 Report Share Posted April 19, 2018 another new post on the Warka FB page though nothing on their website yet. I've asked on the Iraqi Warka Victimes FB page for a translation and will post any that happens. Can anyone here translate the 2 documents? https://www.facebook.com/WarkaBank/p...type=3&theater translation of 1st page: By Warka Bank for Investment and Financing, Department of Banking Awareness and Public Protection: According to the instructions of the Iraqi Central Bank concerning updating the clients' information, kindly visit us in order to update your information within a period of 60 days from the first of May 2018, otherwise your accounts will be frozen. 1 Quote Link to comment Share on other sites More sharing options...
NMP2017 Posted April 19, 2018 Author Report Share Posted April 19, 2018 (edited) apparently the other page is instructions for the client for when they go to fill out the forms at Warka Bank. how to give information, how to fill out the forms etc. Didn't get a number by number translation. I'm going to email Mr Issa on sunday and see if this has anything to do with foreigners Edited April 19, 2018 by NMP2017 2 Quote Link to comment Share on other sites More sharing options...
JoeB Posted April 19, 2018 Report Share Posted April 19, 2018 How can the accounts be more frozen than they are at the moment? 2 Quote Link to comment Share on other sites More sharing options...
DoD Posted April 19, 2018 Report Share Posted April 19, 2018 Well folks I just logged into my Warka account an they did exactly what they said they were going to do, they obviously sold some are all of my ISX holdings. This is after I sent in the documents they requested. Anybody else have a big deposit into your Dinar account yesterday? I'll try to post a snap shot of how it reads...I deleted all the numbers Transaction Date EXPLANATION TEXT VALUE DATE DEBIT AMOUNT CREDIT AMOUNT 18/04/2018 BALANCE B/F 18/04/2018 EXECUTE EQUITY ORDER بيع شراء اسهم - مصرف بغدادMAIN 18/04/2018 18/04/2018 EXECUTE EQUITY ORDER بيع شراء اسهم - مصرف كوردستانMAIN 18/04/2018 18/04/2018 EXECUTE EQUITY ORDER بيع شراء اسهم - المصرف التجاريMAIN 18/04/2018 18/04/2018 EXECUTE EQUITY ORDER بيع شراء اسهم - فندق بغدادMAIN 18/04/2018 18/04/2018 EXECUTE EQUITY ORDER بيع شراء اسهم - مصرف اشورMAIN 18/04/2018 18/04/2018 EXECUTE EQUITY ORDER بيع شراء اسهم - مصرف الائتمانMAIN 18/04/2018 1 1 Quote Link to comment Share on other sites More sharing options...
NMP2017 Posted April 19, 2018 Author Report Share Posted April 19, 2018 2 hours ago, JoeB said: How can the accounts be more frozen than they are at the moment? My thoughts exactly, though apparently local iraqis have been able to withdraw around 500k iqd monthly. Quote Link to comment Share on other sites More sharing options...
MariG Posted April 19, 2018 Report Share Posted April 19, 2018 Hello, Im semi new and just got done reading Adams book - so should I now be looking into opening a Warka account? Quote Link to comment Share on other sites More sharing options...
DoD Posted April 20, 2018 Report Share Posted April 20, 2018 Did WARKA BANK sell any of you people's ISX stocks? Maybe my previous post wasn't fully understood, they sold our ISX stocks HELLO... I turned in my paperwork to buy the shares they offered an they sold my ISX portfolio anyway. Qustion to the board....Did Warka Bank sell anyone else ISX portfolio?????? Quote Link to comment Share on other sites More sharing options...
NMP2017 Posted April 20, 2018 Author Report Share Posted April 20, 2018 7 hours ago, DoD said: Did WARKA BANK sell any of you people's ISX stocks? Maybe my previous post wasn't fully understood, they sold our ISX stocks HELLO... I turned in my paperwork to buy the shares they offered an they sold my ISX portfolio anyway. Qustion to the board....Did Warka Bank sell anyone else ISX portfolio?????? I have read of one person having their proxy shares sold but not shares were held in the ISX. Email Mr Issa onsunday and see what his response is. I don't have any shares at the moment though I did send the info to buy some in the upcoming Warka share sale Quote Link to comment Share on other sites More sharing options...
gregp Posted April 20, 2018 Report Share Posted April 20, 2018 14 hours ago, DoD said: Well folks I just logged into my Warka account an they did exactly what they said they were going to do, they obviously sold some are all of my ISX holdings. This is after I sent in the documents they requested. Anybody else have a big deposit into your Dinar account yesterday? I'll try to post a snap shot of how it reads...I deleted all the numbers Transaction Date EXPLANATION TEXT VALUE DATE DEBIT AMOUNT CREDIT AMOUNT 18/04/2018 BALANCE B/F 18/04/2018 EXECUTE EQUITY ORDER بيع شراء اسهم - مصرف بغدادMAIN 18/04/2018 18/04/2018 EXECUTE EQUITY ORDER بيع شراء اسهم - مصرف كوردستانMAIN 18/04/2018 18/04/2018 EXECUTE EQUITY ORDER بيع شراء اسهم - المصرف التجاريMAIN 18/04/2018 18/04/2018 EXECUTE EQUITY ORDER بيع شراء اسهم - فندق بغدادMAIN 18/04/2018 18/04/2018 EXECUTE EQUITY ORDER بيع شراء اسهم - مصرف اشورMAIN 18/04/2018 18/04/2018 EXECUTE EQUITY ORDER بيع شراء اسهم - مصرف الائتمانMAIN 18/04/2018 This is insane! Quote Link to comment Share on other sites More sharing options...
GregHi Posted April 20, 2018 Report Share Posted April 20, 2018 And we wonder why Iraqis hoard their money at home and don’t trust the banks... lol 2 Quote Link to comment Share on other sites More sharing options...
coorslite21 Posted April 20, 2018 Report Share Posted April 20, 2018 (edited) 10 hours ago, DoD said: Did WARKA BANK sell any of you people's ISX stocks? Maybe my previous post wasn't fully understood, they sold our ISX stocks HELLO... I turned in my paperwork to buy the shares they offered an they sold my ISX portfolio anyway. Qustion to the board....Did Warka Bank sell anyone else ISX portfolio?????? This hasn't happened on my end yet.....but I would imagine they would spread this all out over a period of time. Up until the past few months I have always had good response from Warka if something came up. I also sent in my requests for my individual account and never have heard a word back..........sent 3 requests for status. Have to agree with @GregHi on why the citizens of Iraq don't trust the Banks. Frankly I don't trust anything Iraq, and if this change in value occurs, I will be long gone. No plans for investing in Iraq. Who knows, they may do great, but lots of other places to invest without the potential head aches.......JMO CL Edited April 20, 2018 by coorslite21 2 Quote Link to comment Share on other sites More sharing options...
DoD Posted April 20, 2018 Report Share Posted April 20, 2018 I contacted the person who helped me get into Warka an the ISX when we were in Baghdad an he said they deposited over 13k in his Dinar account also. His thinking is that these sold shares are the ones that Warka held in proxy an we still own the shares that were transferred. I know this person had at least 3 times the 13k worth of stocks in the ISX, time will tell if we will get the rest of our ISX holdings... 1 Quote Link to comment Share on other sites More sharing options...
NMP2017 Posted April 20, 2018 Author Report Share Posted April 20, 2018 18 hours ago, DoD said: Well folks I just logged into my Warka account an they did exactly what they said they were going to do, they obviously sold some are all of my ISX holdings. This is after I sent in the documents they requested. Anybody else have a big deposit into your Dinar account yesterday? I'll try to post a snap shot of how it reads...I deleted all the numbers Transaction Date EXPLANATION TEXT VALUE DATE DEBIT AMOUNT CREDIT AMOUNT 18/04/2018 BALANCE B/F 18/04/2018 EXECUTE EQUITY ORDER بيع شراء اسهم - مصرف بغدادMAIN 18/04/2018 18/04/2018 EXECUTE EQUITY ORDER بيع شراء اسهم - مصرف كوردستانMAIN 18/04/2018 18/04/2018 EXECUTE EQUITY ORDER بيع شراء اسهم - المصرف التجاريMAIN 18/04/2018 18/04/2018 EXECUTE EQUITY ORDER بيع شراء اسهم - فندق بغدادMAIN 18/04/2018 18/04/2018 EXECUTE EQUITY ORDER بيع شراء اسهم - مصرف اشورMAIN 18/04/2018 18/04/2018 EXECUTE EQUITY ORDER بيع شراء اسهم - مصرف الائتمانMAIN 18/04/2018 Do you know which shares you had were still proxy shares? You can translate the arabic in your table and it looks like most are bank shares. That may tell you if it was proxy shares sold. I think you can access any shares held by ISX using your ISX number? Someone else will know more than me on ISX matters Quote Link to comment Share on other sites More sharing options...
jb4388 Posted April 20, 2018 Report Share Posted April 20, 2018 15 minutes ago, NMP2017 said: Do you know which shares you had were still proxy shares? You can translate the arabic in your table and it looks like most are bank shares. That may tell you if it was proxy shares sold. I think you can access any shares held by ISX using your ISX number? Someone else will know more than me on ISX matters "I think you can access any shares held by ISX using your ISX number? " How do you know? Do you have a link? That would be get info if it were true. Quote Link to comment Share on other sites More sharing options...
jb4388 Posted April 20, 2018 Report Share Posted April 20, 2018 I would be curious which company shares are being sold off since only 30 companies are trading currently. I know I have shares in companies which have not been trading for months. Just wondering if those companies "not trading" are able to pay out for the proxy shares? Thursday - April 19th Traded Companies 30 High Companies 6 Low Companies 9 General Assembly 0 Stop Tradeding From ISC 22 Not Traded Companies 50 Quote Link to comment Share on other sites More sharing options...
NMP2017 Posted April 20, 2018 Author Report Share Posted April 20, 2018 1 hour ago, jb4388 said: "I think you can access any shares held by ISX using your ISX number? " How do you know? Do you have a link? That would be get info if it were true. I'm probably wrong then, thought I had read here or other website a person saw their shares using their ISX number. I can't say for sure as I don't have any stocks. Quote Link to comment Share on other sites More sharing options...
NMP2017 Posted April 20, 2018 Author Report Share Posted April 20, 2018 1 hour ago, jb4388 said: I would be curious which company shares are being sold off since only 30 companies are trading currently. I know I have shares in companies which have not been trading for months. Just wondering if those companies "not trading" are able to pay out for the proxy shares? Thursday - April 19th Traded Companies 30 High Companies 6 Low Companies 9 General Assembly 0 Stop Tradeding From ISC 22 Not Traded Companies 50 Copy and pasted the arabic from the table posted in this thread into google and they translated into: Sale of shares - Bank of Baghdad Sale of shares - Bank of Kurdistan Sell Buying Stocks - Commercial Bank Sell Buying Stocks - Baghdad Hotel Sale of shares - Bank of Assyria Sell Buy Stocks - Credit Bank Quote Link to comment Share on other sites More sharing options...
jb4388 Posted April 20, 2018 Report Share Posted April 20, 2018 17 minutes ago, NMP2017 said: Copy and pasted the arabic from the table posted in this thread into google and they translated into: Sale of shares - Bank of Baghdad Sale of shares - Bank of Kurdistan - last time they traded was April 5th @ $1.30 (did you receive that or close to it for your shares?) Sell Buying Stocks - Commercial Bank Sell Buying Stocks - Baghdad Hotel Sale of shares - Bank of Assyria Sell Buy Stocks - Credit Bank Quote Link to comment Share on other sites More sharing options...
jb4388 Posted April 20, 2018 Report Share Posted April 20, 2018 (edited) Sale of shares - Bank of Kurdistan - last time they traded was April 5th @ $1.30 (I'm wondering if DoD received that or close to it for those shares?) Edited April 20, 2018 by jb4388 Quote Link to comment Share on other sites More sharing options...
DoD Posted April 20, 2018 Report Share Posted April 20, 2018 2 hours ago, jb4388 said: Sale of shares - Bank of Kurdistan - last time they traded was April 5th @ $1.30 (I'm wondering if DoD received that or close to it for those shares?) jb, I will go back an see what these stocks have been trading for but at first glance it appears they sold all my portfolio. I had sold down to those 6 stocks an it looks like Warka just sold everything. If I can get all my money showing in my Dinar account out after the RV I will be happy... Quote Link to comment Share on other sites More sharing options...
DoD Posted April 20, 2018 Report Share Posted April 20, 2018 I opened up the last trading session from the ISX an checked the sell price against the Warka spreadsheet in my account an they did sell all my shares at that rate (or pretty close) plus the fee I'm sure. It appears I am now completely out of the ISX, I guess I'm just a cash holder now. Is this a blessing in disguise, I'm thinking I will find out in the near future... Quote Link to comment Share on other sites More sharing options...
jb4388 Posted April 20, 2018 Report Share Posted April 20, 2018 33 minutes ago, DoD said: I opened up the last trading session from the ISX an checked the sell price against the Warka spreadsheet in my account an they did sell all my shares at that rate (or pretty close) plus the fee I'm sure. It appears I am now completely out of the ISX, I guess I'm just a cash holder now. Is this a blessing in disguise, I'm thinking I will find out in the near future... Thanks for your reply. Sorry things didn't work out for you. But like yo said it may have been the right thing. Who knows.. My brother was in the same boat although he didn't send Warka a notice to keep his shares in his name. He only had a few stocks and decided to let them go. He had 3 of them sold off as well this week. EXECUTE EQUITY ORDER Sale of shares - Bank of Baghdad MAIN EXECUTE EQUITY ORDER Sale of shares - Middle East Bank EXECUTE EQUITY ORDER \ Sale of shares - Bank of the North MAIN Quote Link to comment Share on other sites More sharing options...
NMP2017 Posted April 24, 2018 Author Report Share Posted April 24, 2018 (edited) Email from Mr Issa says that the information the original post is about is only required by Iraqis and foreigners living in Iraq. Edited April 24, 2018 by NMP2017 Quote Link to comment Share on other sites More sharing options...
brob Posted April 26, 2018 Report Share Posted April 26, 2018 On 4/19/2018 at 5:54 PM, MariG said: Hello, Im semi new and just got done reading Adams book - so should I now be looking into opening a Warka account? MariG, I can only give you my opinion, but I would not open an account with Warka, as a means to diversify, if I was in your position I would follow the steps in Adam's book for trading on the ISX, then set up an Iraqi brokerage account and buy stocks. The ISX section can help guide you. Quote Link to comment Share on other sites More sharing options...
spacetuna Posted April 30, 2018 Report Share Posted April 30, 2018 DOD, I’m curious, did you actually send the signed paperwork originals that were requested to Iraq or only send them an email copy? That really sucks I’m sorry that happened to you. Quote Link to comment Share on other sites More sharing options...
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