Locking money for 18 months in Farda / subscriptions that did not work! – Tejarat News
According to Tejarat News, the stock market has always been a highly profitable market with high liquidity for investment; Many people invested in the stock market because of this!
After the speech of the head of the 12th government in 1998, which invited people to invest in the stock market without risk, people sold their houses, gold, cars and many assets and entered their capital into the stock market; But in the end, this investment didn’t work for them and most of the investors who entered the Glass Hall in 1999 are still in losses.
It was on August 20, 2019, that the total index of the stock market changed direction from the range of two million and suddenly fell. Due to this fall, investors experienced very heavy losses.
In the frenzy of the market collapse, most investors tried to sell their shares, but some symbols had been closed for some time and the shareholder was not allowed to sell.
For example, the symbol of Bank D was in a very good condition during the growth of the stock market; But it was closed suddenly in January 1400 and remained closed for about 9 months. During this period, people’s funds were lost and finally Bank D and the stock exchange officials were not responsible for the closure of this symbol.
Unfinished stock market subscriptions
The closure of symbols is not only limited to old symbols, and companies that were subscribed to attract capital in the market also experienced the same conditions.
For example, Farda Smart Insurance Company was subscribed on Farda Exchange with the symbol “Farda” on December 13, 1400; But about 18 months have passed since then and there is still no news about the reopening of this symbol.
In the definition of underwriting, it should be said that from a legal point of view, it is a process in which people finance a part of the company’s capital. The underwriting process is done at a stage when the company is not yet established and therefore underwriting is a stage before the initial offering.
People who participate in underwriting prefer to invest their capital for a short period of time and with profit, and most of these people expect to see the return of their capital and profit at least within three months.
Due to this issue, the shareholders took a risk in December 1400 when the stock market was on the losing track and participated in the underwriting of the Farda Smart Insurance Company with the symbol “Farda”; However, after 18 months, they still haven’t reached their original capital, and Tejarat News’ follow-up has not been successful until the moment of writing this report regarding the closure of Vafarda symbol.
Of course, Farda is not the only symbol that has been closed for a long time, but there are dozens of symbols in the capital market that are still closed.
The failure to reopen the subscribed symbols has caused the people’s trust towards the market body and the participation in subscriptions to decrease, and finally the participation in subscriptions has reached its lowest level.