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that new guy
goaway, will be banned soon. already has 3 outta 4 posts deleted.
Yeah, I saw that. Also saw that HOG stepped down from the asst. mod here at the HUB.
But I remember them saying a week or so ago that there would come a time when they would not be able to post and mod (conflict of interst).
So I dunno, must be working on the new venture or something.
have you seen this?
looks like stealth mode for airys again...
To all my friends, I have decided to step down as moderator of this board because it is taking too much time from me and keeping me from building the project that HOG and I are working on. This move is not due to any threat or legal action against us as some may suggest in an attempt to hurt us. I simply need to concentrate on what I am doing because I have a lot of work ahead of me before HOG and I can release the "Little Monster" from it's cage.
In the meantime, I have decided to make Scorpio70 AKA "Terminator" the new board moderator. He will be your new board leader and will be responsible for the contents of the board. HOG and I are not going to disappear by any means. We will still post here from time to time and will monitor the board. We will still have the power to make changes but will not do so unless we have to.
As some of you already know, there was civil action filed in the Superior Court of Justice in Windsor, Ontario today under Case No. 07*&^%%M.
More info available by calling the registrar at &^%$73-6620.
You might want to check it out!
In the meantime, I wish you all the best of luck.
Your friend,
Rick
starts trouble and runs with her tail between it's legs!
We shall see just that... I would hope that the OSC has enough liberty to request to see the assets of the NV corp. If they do, they will publish it once and for all since everyone must think that I am a thief and wont provide me with their share count and contact info.
Let's hope the OSC requested that info... Cause they will publish it if they do..
Have I said lately that you are the BEST!!! LOL
and for you!
what good are the lumberyards numbers?
what about the NV corp? where and what are those assets?
Nothin but love for you and all 1millionfl, no hater~~
RELAX GIRLS...
I hope you know I am 100% kidding :)
and have ZIP to do with anything you are posting about :)
Again Inspector Goodbuddy... keep up da work... and don't be a hater... like so many others...
Forget about it..It's not worth it
I complained to alex about that specifically. I said I want ALL posts to remain, Airys included. But I said that it does not seem right when posts that are responded to or are a response to are deleted while Airys remains.
I want them all on there unless they are a clear violation or something you know. Funny thing is that you have always told me that you wanted Airys on the board too. I agree, but I am really scratching my head with this deleting and banning thing.
I just want it fair for all, Airys, you and everyone else. Fair?
i wonder if admin knows
whats going on over there. afterall, they do have a lot of boards. and they only see deleted messages(mine) i'm tou'ing some of airys posts(replies to mine) and i'll pour my heart out complaining. i'm just a lowly construction worker. i pose no harm to anyone. i type with 2 fingers.
ps. Oldbold, i hear ya man.
pss. marine bathrooms on board a Navy ship are call what??
JARheads!
Have a good time (I know the little guy will). I am confused, but I guess I wont ever understand why.
Have a good one though..
Well, maybe you're in for a lawsuit like Mr. Goodbuddy says I will experience. LOL. You think calling the dinks appropriate names is slander ??? LOL
well, seems i had 5 posts deleted
yet airys can spew his carp. heck, i dont even recall what was in those post. not to worry, magic kingdom always makes us smile!
there is nothing to retake.
they made the choice to leave. some acted like asshole to get jailed or banned. but they wanted to go, they weren't run off. you got mail.
LMAO!! And you wonder why you got booted!! HAHA
It is funny that today the other board was trying to get a barage of people to come over to IHUB and blast positive comments at will and keep repeating that interview with HOG and Airys with PV and SS!!
They were getting all lathered up by saying that IHUB looks like they are getting a little weak and this may be the opportune time to re-take it!!
Guess that did not work out too well though, I think I calmed otter down pretty quickly.
You da best, have fun with the wife tonight!! I sure hope i do. (With my wife of course not yours!! LOL)
I will not be commenting on the company because I do not want to hurt them while the investigation takes place.
still amazes me. good thing he's kept quiet since 1/17
http://www.investorshub.com/boards/read_msg.asp?message_id=16267462
then my reply which got me kicked off the treehouse board after 1 post....
Posted by: marketmann
In reply to: Airys418 who wrote msg# 244433 Date: 1/17/2007 9:45:40 AM
Post #
you posted yesterday that you spoke with management?
utvolsfan, Today I asked the company if I could get some info that will not be opposed by the lawyers or the OSC so that they comply with what the attorneys have asked of them.. We are being investigated and I expect that it will be extra hard to get any info but I will try and see what I can do....
today you say...I have not received any new information from the company since the last PR and I have not asked for any new information
it's best if you just dont post. cant keep up with your stories.
Respond | No Replies
keeps getting deeper and deeper. have you notice how every few days the cheerleaders bring up some other off the wall topic to avoid the main issues?
or, maybe i'm a tad off center??
Compliment coming from you marketmann, I hope to one day live up to your skills at sniffing and debunking.
It is hard at times to get through to some though. I dont mind the holders stating their case, but to keep bringing up stuff like that is BIZARRE.
Next thing otters going to post the $350 million cement deal (that did not happen)!!
Just in case newbies are not up to speed you know?
Thanks for the compliment, wish you were back in there because you are good for sure!!
you sir are a Wildman!
and it's all hearsay! how does anybody know it even happened?
trust airhead and hog??
last person('cept wife) I trusted was my navy recruiter in 79.
GLTY
Gotta love investorotter at sljb. Poor boy just cannot comprehend facts. Figured I would post my rebuttal that he posted of HOGS interview with PV and SS in December. Sheesh otter, give it a break!
Otter, read the GD bottom of the post, this is EXACTLY the kind of garbage that last PR said you cannot rely on so KNOCK off the shenanigans dude!
Otter, since you take the liberty to post this NONSENSE again, I too will take the liberty to post mine as well since it CLEARLY disects that interview and shows all that it does not contain anything of substance.
I do have time on my hands otter, maybe you should find some so that you can hone your DD skills and actually look at the points I am mentioning.
Since everyone gets to see that interview post again (notice by the way that HOG is not the one re-posting it), then I want the other parts in mine seen by all as well.
You should stop posting that since alot of the details DID NOT HAPPEN. So you stop, then I will...
Again,
Your post also confirms what I have always said. I truly believe that Airys and HOG are good people and only trying to help investors here, but this is why this type of stuff is NOT acceptable. When it turns out to be BS, a couple of honest people get attached to the stink and then it creates MASS confusion because no one knows anything other than details that turn out wrong.
Interview with Steve Sulja, C.E.O., Sulja Bros. and Petar Vucicevich - December 13th 2006 by IHUB Alias: Airys418, Stock H.O.G. and FishForBreakfast
Written by: Stock HO.G.
This is what I heard today and took notes on. None of this is my opinion, it's what I heard from Steve Sulja and Petar Vucicevich. As always, don't buy or sell based on what I write. Do your own DD and make your own decisions. Personally, I plan to hold my shares and I look forward to meeting other shareholders in Windsor in January, even though it will be cold as hell. This is everything that I have, so please don't ask me about any questions that are not on here. I couldn't ask every single question on the list, but think we did pretty good.
First off, both of the bolded comments are not true. HOG's own admission is that he has in fact sold most of his position and it was a learning experience.
Secondly, did we all miss the shareholder meeting in January?? No, it never did happen.
1) Why were the AFs delayed and why did you make date-certain deadlines? Who did the financials before? Were the previously posted 06 financials and 07 proforma correct?
Econometrics were hired to do the financials. Someone named Greg Garrett. They advised that they would have PWC do the audit of the fins (Sulja would pay for both and agreed). They (Econometrics) basically did a very poor job and after many screw-ups, had to be let go. Inventory and leases seemed to be one of the problems. Sulja trusted them to deliver and made a mistake with giving exact dates. It was not their intention to miss any deadlines. Some mistakes have been made in the past, but none with legal implications. The prior financials and proforma include revs from the M.E. which should not have all been in there, as only the commission on the brokered deals should have.
Again, First lets look at the above bolded sections. The first one is an absolute LIE, per STEVE SULJA in a PR dated Aug. 23 he stated and I quote
" We are pleased to update our shareholders of the asset and audit progress. KPMG and Price Waterhouse Coopers will complete the audit and the assets are contained in the upcoming audited financials"
Again, Second lets look at the above bolded section. The second one clearly tells us that those pro-formas were well off of the intended as they included the total transaction and not just the broker fee. Since that is the case, we have NO idea of the actual earnings do we? At least we know they are drastically different from them though.
2) Speigel & Associates near toronto is in the process of being hired as the auditors. I told them that I talked to Bernard Speigel already. He said he's very professional and is asking for various financials, including data from previous years, which the company is gathering and delivering. Bernand will work with a firm in Chicago to handle the SEC/PCAOB portion of this. AFs will be done, without question.
Ok, no comment as of yet on that audit but I dont know, could be and they should have been doing that all along
3) Do you plan to get off the pinksheets? Yes, we realize we must get off the pinks. We have a couple of options. Option 1: purchase a current OTCBB company. We are looking at 3 right now. Two of the three that were looked at we will not go with. Option 2: After the audit is done, file Form 10, etc and uplist.
The meer insinuation of purchasing an OTCBB shell makes no sense at all if you have the financials and ability to uplist. Again, all this does is try to cover the stink attached currently to SLJB but it DOES NOT change the players at all
4) Please give us an update on the RCMP investigation. There was one interview with the RCMP a couple months ago. We cooperated and have not been contacted by the OEC, SEC, RCMP or any other agency since.
Again, OK, you admit to the interview and had not heard anything else. Could be, guess they were just getting the paperwork in order then
5) What are you doing to ensure no mistakes are made in the future with the company? We have hired lawyers, very good accountants, and a new CFO is coming onboard. to assist us.
Again, we know you hired attorneys (obviously out of necessity with the OSC and SEC and to CYA), but where is that CFO and accountant PR. Both of those are "material" information and are to be published as such
6) Who are the lawyers? Frazier, Miller, and (someone else - HOG can't read his writing on the 3rd) & Richard W. Markle in Texas.[/]
No comment there, we all know the attorneys for them now I suppose. And it seems as though they may need them
7) Do you plan to add to the A/S in the future? No time soon, but possible if when we move to the OTCBB, an additional 200M would be necessary, in order to grow the business locally and in the Middle East.
Of course he says that because that is how they made money the first time so why not rinse and repeat. 200 million additional shares after uplisting would provide for more money that they could take and make a quick buck
8) What is the current A/S, O/S, etc.? A/S is 800M, O/S is 600M plus 200M in treasury, which are not restricted.
No comment, for today that is close I believe that it was reduced slightly but again no comment
9) When will you ungag the T/A and why were they gagged before? We will ungag the TA as soon as the trustees agree to it. They were gagged to protect them. They did not want tons of calls to them, etc. This will happen very, very soon.
Correct, they did ungag them. Interesting though that the "trustees" he mentioned were in fact members of the sulja family and employees of KORE. Makes sense, gag the TA so they cant tell everyone what is going on behind closed doors with us selling stock
10) Who are the trustees? We can't tell you that yet, but you will find out as soon as the TA is ungaged. Are they from the M.E.? No, they are from N. America and are lawyers. Is it Godbetter? No, it's not.
Really, you cant tell us the "trustees" names?? Of course you cant because they are affiliated with the company and yourself and would clearly show insider type selling right?
And they are from N. America and are lawyers?? Really, does everyone in the SULJA family have a law degree?? How about the employees of KORE/Consultech?? Doubtful, that is just a ruse.
11) Do you still work with Godbetter in any way? No, we do not.
No comment, who cares?
12) Do you understand why the shareholders are not pleased with the company right now? Yes, we know that people have invested and lost hard earned money. We do not like to see this. We help a lot of people via charity and do care about the shareholders. We are focused on growing the company and shareholder value.
No sh!t sherlock, lots have lost hard earned money here. And of course you dont like to see it, because it also devalued the shares you still have in your control so it affects YOUR money
13) Is Sam Sulja a stock trader? No, he is a trader in the sense of trading/brokering materials.
LIE, LIE, LIE obviously IMO since the OSC has noted him as being one of the trading accounts being investigated as one of those "pesky trustees"
14) How do you plan to be transparent to the shareholders? We will produce AFs, we will ungag the transfer agent, we will communicate more detailed PRs in the future, we will have a shareholder meeting in Windsor in mid-January, 2007.
Ok, TA is ungagged now, no A/F's as of yet though. BUT another date certain problem here unless i missed that shareholder meeeting that was held in Windsor in mid-January!
15) Who is the new CFO? His name is Siddiq (not sure if first or last). A PR with his profile will be communicated. His job will be to drive the completion of the AFs, ensure all of the books are in order, etc. Typical CFO work. He is very experienced.
Again, where is this "knight in shining armor". A CFO for a company is "MATERIAL INFORMATION" and is required to be published
16) If Petar leaves, who is in a position to broker the deals in the M.E.? Sam Sulja has been quite involved. Steve is also building relationships in the M.E.
OK, maybe I guess. I have not been tracking it so I guess. Must be difficult with no announced deals yet confirmed though
17) Does Sulja have any debt? No, everything is paid free and clear, other than our leased trucks. We used part of the 12M that we capitalized to pay for everything. The rest will be used to continue to grow the business locally and in the M.E.
Well I certainly hope so, since you got $12 million by his admission I hope it paid off debts to the company. But without true A/F's that is still not able to be confirmed yet is it??
18) Where do we have offices in the M.E.? Cairo, Lebanon, and the Dubai office should be opened by early this coming week.
No offices have been opened yet to our knowledge. Again, material information that should be published. If memory serves me, we have been told that they are underway which is a far cry from saying they existed back in December dont you think?
19) Why did Wessal sell their shares? They wanted to control the company and we didn't want to give them the control they wanted. They were not happy with this fact. They were the one's who requested the 50M certs. What about the $25M loan they provided? The loan never went through.
If Wessal sold shares then under what terms were they granted to them??? They would surely have had some obligation to provide something substantive to SULJA in order for them to grant them shares right?? YOu would not just give shares to someone that is worth money for nothing. So what did SULJA get, or is that meerly a ruse too??
20) Will the deals in the M.E. hit the Sulja books/bottom line? Yes.
If they get any... I hope so... No comment
21) Do the shares we own have all of the Sulja assets, etc in them? Yes, that is correct. You do not own an empty shell.
Could this be the "master" of semantics at it again?? I dont know, but the question is is "does SLJB NV corp own all of hte assets of Sulja the Ontario Corp??"
22) What's the latest with the Windsor Star? They wouldn't be surprised to see more articles. Do you plan to sue them? It's not worth spending the money. They do have deep pockets and we could spend our money more wisely. Why did you not give Gary R the documents he requested? We don't owe him anything and we're not wasting our time gathering all of our documents for him. When Sulja's bought SAMs, it was the talk of the town. Gary knows this is all true. He's looking to sell papers and he's doing it.
Hmmm, did not owe it to him (how bout the shareholders). Oh, you just dont want to "waste time" gathering documents for him (how bout the shareholders). Seems to be a recurring problem with SLJB of "gathering documents" to speak. Takes time to gather documents for A/F's too. Nice move trying to play with him when in REALITY you were playing with the shareholders!!
23) What are the approximate revs of Sulja and SAMs per month? About 1M to 1.2M/month this year. It was probably about 2M/month the prior year. What your profit margin? About 15%.
This is an interesting part to me personally. So, revenues are about 1Mill-1.2 mill/monthly. Ok, so with a 15% profit margin that equates to profit annualized to be around $1.8 million-2.16 million.
But here is the interesting portion of this, as a business owner I am keenly aware of. Profit margins are based on prior revenue totals versus the profit and are NOT fixed you see.
Simple terms for you would be that "there are certain fixed costs such as employee wages, rent liabilities, expenses that do NOT change monthly significantly. Basically, if your profit margin on 24 million annually of revenues was 15%, I guarantee you that your profit margin is considerably diminished when your overall revenues decline by 40-50%!!! Your fixed costs are still there, which means the net takehome is less. So, let's just leave that at that shall we??
24) What's the deal with the website? We stopped all work on this for now, since it got so bad. HOG said you need to finish it and put all of the company items on there. There should be no Q&A or blog, unless the blog is only for Steve Sulja. They agree and Steve was going to call them to finish the site.
Of course a blog should only be for Steve Sulja (since he is now the CEO) and hopefully is much more cultured to not throw around "GFYM's" to the other posters. Also, that site is still not complete to my standards..
25) Is the lumber mill deal off? Yes, they wanted too much money after they determined they would quickly get the tariff money.
Of course it is off, we all know that now. No comment
26) Do you still believe we can get to the NASDAQ? Yes, we do believe we can get to the NASDAQ over time.
What do we expect them to say, NO? Over time sounds strangely like "slight delay" in my book, you decide for yourself
27) So what's your plan for the shareholder meeting? We will rent an auditorium and have it in mid-January. We may even rent buses to take shareholders to the locations and meet the people. Only shareholders on record will be admitted. We will be opened to questions and suggestions to make the company better.
Again, unless I missed the secret memo this is just another example of over promising and under delivering.. There was NO shareholder meeting in mid-January, so he could have just as easily said that he was going to rent HELICOPTERS to fly us all there becaue it never happened..
28) Again, was SAMs and all-cash deal? Yes. Cash for the business plus the inventory.
I hope it was a cash deal, and furthermore came from the money through those "pesky trustee" accounts. $500K, must have been a good will gesture of sorts considering it MUST have lots of profit at that price and was an extreme discount??
29) What's happening with plans for IR? We have been talking to 3 firms and all of them say they want shares as part of payment. We do not want to give shares out, have them pump the stock, then unload them. We will continue to work on this.
Whatever, no comment.. Guess it is a hard task since it is still not done
30) What's in it for the Sulja's to keep running the company? The will continue to run and grow the company. There are about 40 people there who depend on the company for employment. This will not change. We hope to see the company around 100 years from now.
I am positive that this is their number 1 priority currently because without it the golden goose is gone. Then again, maybe that Sulja Ontario Corp can just keep chuggin' along if it is not 100% owned by SLJB NV corp since we still have no real verification of that piece of the puzzle yet.
31) Does Steve Sulja have a clear understanding of the public trading portion of Sulja's? Steve is learning about this on a daily basis. He has managed all of the operations for years and is now expanding his role.
I hope so, he is in the top spot over there so... No comment
32) How are Kore and Sulja and Consultech related? They are related in that Sulja will be the materials supplier for all of the Kore/Consultech projects around the world.
Ok, whatever.. Guess we shall see... No comment
33) Did it take a long time to build relationships in the M.E.? Yes, it took a lot of time, travelling, and money to start building the relationships we have today.
To my knowledge, no serious deal has come to fruition from these "relationships" and again, if they did that would be "MATERIAL INFORMATION" and would require publishing of them.
34) Who's supplying the cement to you in the form of an allocation? There are two big suppliers. Is one of them Lefarge? Yes, they are one of them. 100M tonnes of allocation seems to be a lot, correct? Yes, we could never sell that much. Sulja's are also working to get their own allocations, which usually come in blocks of 10M tonnes. Do you need an export/import license in the various countries in the M.E.? Yes, we work through the suppliers and utilize their licenses.
Again, whatever... Nothing finalized yet announced so that is just window dressing to me.
35) Is there still going to be a Design Depot in Dubai? Yes, this is still on our plate and we plan to move forward with this.
Ok, no comment I suppose
36) Why is the CCM merger off? I would like to keep my company private. Running a public company can be very challenging, as we have seen with Sulja's.
You bet you want to keep your company private because you are incapable of running a public company by way of your performance with this one. Guess it is a challenge you are not up to task for
37) Can you give us an update on the building of the tire recycling plant(s)? Sulja will be supplying materials only. They have nothing to do with actually building the plant.
Ok... No comment... Have not see anything saying it is supplying yet, but time will tell i suppose
38) So we can expect PRs in the very near future on the share structure, ungagging of the TA, information on the shareholder meeting, and details on the recent cement deal that can be verified? Yes, you will begin to see them this week.
Well, slight delay I suppose because they definately did NOT come within a that week!!! But they did issue 2 PR's after this interview.
First one stated that they are HALTED in Ontario and have a hearing with the OSC.
Second one stated that the OSC had EXTENDED the halt pending another hearing with the OSC on March 23, 2007. It also stated that an "inquiry" was being done by the SEC.
The most telling part of that last PR was the statement and I quote: "cautions investors not to rely upon the press releases and other public statements previously issued by or on behalf of the Company."
And the other telling part is and I quote: "Investors should not rely on any statements purporting to be by or on behalf of the Company other than those contained in this release or any future press releases issued by the Company."
NVMG
I would lover to see a link to the "BOND" and the "Lease"
this stuff is all public record.
Glad to see the pumpers come alive.
I had thought there was a chance this was real.
Reminds me of SPRL.
why dont those posters so worried about garys findings, ask airys and hog WHO gave them insider info??
vegas, huh? sounds cool, too bad at 49 I aint movin nowhere.
janie, doing that wouldn't be my 'style'. i've pm'd matt, and groveled some.
just chillin like jimmy buffett
Dang, I really cant remember how it was said exactly!! ARGHHHH
That's why I was scanning IHUB and the other board. All the posts referencing it are gone so I just for the life of me cant remember some of how it was said.
I think I really did not pay attention because I really did not see what the big deal was. I just chalked it up to advertising like any business would do to reach their local clientelle.
If you remember how it was stated, let me know.. Thanks cause I just cant rember..
sure does make sense.
yet, the way it was hyped last weekend, is not the way it is. 100% sure souece? remember that?
FYI, littleangel over at Airys and HOGS board lives in the Windsor area and offered this little tidbit of information for all to consider regarding the sulja advertisement in the WS.
Kath (littleangel) said that her husband is a business owner in the area and has at times advertised with the WS. She said that she never did a 6 month contract, however, she said this is how it works.
Supposedly, you can buy advertising for 6 months which is the time period in which you must use your number of placements. Basically she said that you can choose to run on Saturday (like the first time) and then not run again for a while if you dont want to.
She stated that you purchase a certain number of advert days and then are assigned to a rep that gives you basically a calendar of dates that you can be in.
She also said that there is a big contractors edition in March I believe that is pretty widely known. She offered the opinion that they may in-fact just bumrush that edition and then scatter them throughout other editions.
She said it does not have to run everyweek necessarily since she knows first hand due to her husbands biz.
Thought I would post this since it makes some sense I suppose. I dont know for sure, but I guess that could be an explanation.
By the way, she is pro-sljb but for the most part I think she does have some insight to that area and seems to be honest in her posts so I dunno.
Just sharing the thought, care to add to it? TIA
By the way, the site I was referring to was AirHogs site and all of the comments that talked about that advert and the terms have vanished into thin air.
Tracks covered, for now..
All excellent points marketmann and the reason that I just dont still trust the people behind this company..
By the way, yes I did notice that HOGs comment that you replied to had been deleted. Why? Is it coincidental that the advert did not run this week and the comment stating the length of the contract was in that post??
Isn't it quite convenient that all of posts discussing the advert and the terms (which were on that site) are missing??
Is there a quiet covering of tracks going on???
Absolutely weird, does not pass the smell test.
PS. Dang, I totally blew it.. I missed the shareholder meeting/party in January. Did you Go?? Yeah, right.
no need to email you, all can question what i post. i dont want it to seem like i'm hiding or something like that.
http://www.investorshub.com/boards/read_msg.asp?message_id=15537467
4) Please give us an update on the RCMP investigation. There was one interview with the RCMP a couple months ago. We cooperated and have not been contacted by the OEC, SEC, RCMP or any other agency since.
what gives? in oct 06. that dont pass the smell test.
(9) When will you ungag the T/A and why were they gagged before? We will ungag the TA as soon as the trustees agree to it. They were gagged to protect them. They did not want tons of calls to them, etc. This will happen very, very soon.
(10) Who are the trustees? We can't tell you that yet, but you will find out as soon as the TA is ungaged. Are they from the M.E.? No, they are from N. America and are lawyers. Is it Godbetter? No, it's not.
who are the trustees? hired help trading shares for petar?
14) How do you plan to be transparent to the shareholders? We will produce AFs, we will ungag the transfer agent, we will communicate more detailed PRs in the future, we will have a shareholder meeting in Windsor in mid-January, 2007.
15) Who is the new CFO? His name is Siddiq (not sure if first or last). A PR with his profile will be communicated. His job will be to drive the completion of the AFs, ensure all of the books are in order, etc. Typical CFO work. He is very experienced.
mid jan? whoops. CFO is MIA
21) Do the shares we own have all of the Sulja assets, etc in them? Yes, that is correct. You do not own an empty shell.
I'll sleep better tonight
22) What's the latest with the Windsor Star? They wouldn't be surprised to see more articles. Do you plan to sue them? It's not worth spending the money. They do have deep pockets and we could spend our money more wisely. Why did you not give Gary R the documents he requested? We don't owe him anything and we're not wasting our time gathering all of our documents for him. When Sulja's bought SAMs, it was the talk of the town. Gary knows this is all true. He's looking to sell papers and he's doing it.
more wisely? like a 6 month ad??
and so on...
HEY! did you notice that all of the treehouse post about the 6 month deal are gone?
what gives? on Ihub also, here's the link to my reply. the deleted post was 1 before mine. way too long of a post for me. good day sir.
http://www.investorshub.com/boards/read_msg.asp?message_id=16752678
thanks, please dont make too big a deal outta it.
worm got me reading the 3-way CC post. asked about RCMP and management said they were questioned a couple months ago. from dec 18 or 8? dont ,ake sense
what,NO, dont wait, i'll be back. i'll get the link and put some thought into it.
You definately need to be unbanned. I am going to ask Matt too, just in case. It is not really fair when you bring up credible items.
Of course I would use your name, I want everyone to know that you are still around and give credit where it is due.
Hopefully Matty will agree with you and I that It is time for marketmann to return..
it just goes to creditbility.
i've been saying that for a while. i didn't mean for you to shout my name. i did enjoy reading the thread though.
i sent matt a pm, let's see what happens.
i really need to get un banned, talking to my wife is killin me!
I am going to float this to the board courtesy of marketmann. This ought to be interesting...
wasn't it posted that the 'ad' will
run for 6 months? too bad that post got deleted.
looks like 1 week at a time. dont see no ad this week....
http://shopping.windsorstar.canada.com/ROP/Advertisers.aspx?letter=S
I did like the stag shop ad. no coupons though.
Fired it off just for you!!! LOL
I dont understand how he says we are getting pissy! Seems like they are the ones that get all jacked up.
Channel through me anytime, I need the help in there!
if the shoe fits?
Everytime we post something positive you call us liars, theives, insider crooks, stupid and everything else.
you are waging a noble battle.
i honestly dont know what exactly i did. probably just pissed hog off 2 much. he warned me. i looked at it as abuse of power(mod.) they still haven't gotten all my ID's at the treehouse. still lurking and reading. wish i could help.
take care.
hey, ppsstkh did the right thing getting janies back earlier.
Unreal for sure. Geez, I am dealing with round 2 in full swing with the pump crew!!! If you dont get back in there, I will come find you!! LOL
hey there!
yep, hog got me canned, still reading and shaking my head. i'll asked to be removed in a week or 2. what gets me is .
nevermind, it' snot important.
good luck to ya.
GOIH..."we affirm the district court’s order denying Ware and RGW’s motion to quash the SEC’s subpoena."
http://64.233.161.104/search?q=cache:_1Jm2r37Oj0J:www.ca11.uscourts.gov/unpub/ops/200516573.pdf+Rose....
pd
GOIH...INJUNCTIVE ACTION FILED
On July 15, the Commission filed an injunctive action against Investment Technology, Inc., of Las Vegas, Nev., its CEO and chairman, Thomas D. Vidmar, 55, of Las Vegas, Nev., and its securities counsel, Ulysses "Thomas" Ware, 42, of Atlanta, Ga., alleging various federal securities laws violations, including violations of the anti-fraud and registration provisions, in connection with an alleged fraudulent scheme involving the company's stock and its purported on-line gambling casino.
The complaint, filed with the United States District Court for the District of Nevada (Southern Division), alleges Vidmar and Ware falsely promoted Investment Technology in press releases and "analyst" reports as a leader in on-line gambling, even though its casino website never received wagers or generated revenues.
The complaint also alleges Vidmar and Ware dumped millions of Investment Technology shares into the manipulated market and collectively realized more than $200,000 in unlawful profits, in part through offerings registered on invalid Form S- 8 registration statements.
The complaint further alleges that Rosenfeld, Goldman & Ware, Inc., Ware's law firm, Small Cap Research Group, Inc., a Georgia corporation, and Centennial Advisors, LLC, a Georgia limited liability company, violated the anti-fraud provisions of the securities laws in connection with the Investment Technology promotions. [SEC v. Investment Technology, Inc., Cause No. CV-S-03- 0831, D.Nev.] (LR-18249)
pd
GOIH...
power behind the throne; barry is just a court jester.
this is the manipulator of the s-8 shares:
http://www.zoominfo.com/Search/PersonDetail.aspx?PersonID=287803857
pd
http://www.usdoj.gov/usao/nv/home/pressrelease/november2006/stockett111306.htm
Daniel G. Bogden
United States Attorney 333 Las Vegas Blvd. South
Suite 5000
Las Vegas, NV 89101 (702) 388-6336
FAX (702) 388-6296
NEWS RELEASE
FOR IMMEDIATE RELEASE
MONDAY, NOVEMBER 13, 2006 PRESS CONTACTS:
Natalie Collins, Public Affairs Specialist
(702) 388-6508
CEMENT CON MAN GETS 12 YEARS IN FEDERAL PRISON
LAS VEGAS - - Larry Stockett, a former Las Vegas resident who conned people into investing their life savings in a worthless cement company, was sentenced to12 years in prison today by U.S. District Judge Robert C. Jones, announced Daniel G. Bogden, United States Attorney for the District of Nevada. Stockett, age 60, was also ordered to pay $700,000 in restitution to a Canadian couple who fell victim to his fraud, and to serve three years of supervised release.
Stockett was convicted by a jury last December of one count of Securities Fraud, one count of Interstate Transportation in Execution of a Scheme to Defraud, and two counts of Fraud by Wire. The Court found that Stockett’s sentence should be increased because it was sophisticated and involved more than 50 victims, because Stockett had previously been banned from the sale of securities, and because he obstructed justice by making false statements to SEC investigators.
From about October 1999 to March 2004, Larry Stockett defrauded individuals by inducing them to invest in a company called “Hightec” and its wholly-owned subsidiary “U.S. Cement,” both controlled solely by Stockett. Stockett disseminated false and misleading information about the company through an internet site, press releases, emails and “infomercials,” stating that U.S. Cement had an established cement distribution network, access to millions of dollars in financing, and prominent retail customers. Commonly referred to as a “pump and dump” scheme, the goal was to induce individuals to invest in the company to artificially inflate the value of the stock so Stockett could “dump” the stock for a profit.
From August 2000 to September 2001, Stockett also induced a Canadian couple to loan him approximately $700,000 to purchase cement and a warehouse for U.S. Cement. Instead of investing the money, Stockett purchased a $750,000 residence in Henderson, a Jaguar automobile, and other items of luxury, and paid monies toward the purchase of a boat in the Virgin Islands. Prior to the loan from the Canadian couple, Stockett was residing in an apartment near Paradise Road in Las Vegas.
In August 2003, the U.S. Attorney’s Office charged Stockett with the criminal offenses. In February 2004, authorities located him in Costa Rica and arrested him. After one year of legal challenges, Stockett was extradited from Costa Rica and returned to Las Vegas to answer the federal criminal charges.
In March 2004, Stockett was also found civilly liable of violating federal securities laws for essentially the same pattern of conduct. The Court issued a permanent injunction against him and ordered him to disgorge illegal profits and prejudgment interest totaling $1,836,181.56, and to pay a civil penalty of $120,000.
The case was investigated by the FBI and IRS Criminal Investigation, and prosecuted by First Assistant United States Attorney Steven W. Myhre and Assistant United States Attorney Paul S. Padda.
the entire NSS situation needs to be addressed by our govt. i think it should be totaly illegal to NSS any stock and just see no reason why this has not been pushed harder, well unless big money with big contributions is to blame. imo
peorge
VA Introduces Bill Requiring FTDs to be Reported
1/17/2007 12:20 PM
UPDATE: Senator Potts, who sponsored the VA bill, pulled it within 3 hours of this blog being written. His staff said it was due to "requests of constituents." So, what "constituents" are against transparency in the markets, and disclosure of who is taking investor money and failing to deliver the shares purchased? I wonder. Who would lose from that bill going to the floor? Hmmmm. At least we are all now seeing exactly how the system works - the best politicians money can buy.
I am sickened, as usual. This is so blatant it stinks.
-----------------
VA introduced a bill that will require brokers to report any FTDs to the state, or pay a grand a day fine for failing to do so.
This is now the third state to introduce anti-NSS legislations - Utah was first, Arizona recently also did, and now VA.
I wonder when Congress is going to figure this out? Will it take a couple more, making it 10% of the states, wanting to put a stop to this? 20%? 30%?
Wall Street has been scamming US citizens with bogus chits rather than genuine stock, and the states are figuring it out, and doing what the SEC refuses to do - demanding disclosure and transparency, and setting the brokers up to be sued out the ying yang for duping investors.
You can probably hear the screaming from the industry already.
A source confirms that there will be quite a few more of these bills hitting over the next few months, so I think it is safe to say that this cat is out of the bag.
http://www.thesanitycheck.com/BobsSanityCheckBlog/tabid/56/EntryID/559/Default.aspx
SLJB Announces Internal Review of Prior Public Disclosure and Other Matters; Also Discusses Actions by Ontario Securities Commission and Inquiry by U.S. Securities and Exchange Commission
Sulja Bros. Building Supplies, Ltd. (Nevada) (PINKSHEETS: SLJB), today announced that, in consultation with outside counsel, it is undertaking a review of various issues relating to the issuance and trading of its common stock, as well as the accuracy of its prior public disclosures. Given the early stage of this review, the Company is unable to provide any further information regarding these matters, but cautions investors not to rely upon the press releases and other public statements previously issued by or on behalf of the Company.
The Ontario Securities Commission (OSC) has commenced an enforcement proceed against the Company, the Company's affiliate Sulja Bros. Building Supplies Ltd. (Ontario), the Company's former Chief Executive Officer Peter Vucicevich, Kore International Management Inc. (a company affiliated with Mr. Vucicevich) and Andrew DeVries (who was formerly associated with the Company). The OSC alleges, among other things, that Messrs. Vucicevich and DeVries engaged in manipulative trading in the Company's stock and that the Company made representations in certain press releases that were not true. A copy of the Statement of Allegations issued by the OSC can be found at http://www.osc.gov.on.ca/Enforcement/Proceedings/SOA/soa_20061227_suljabros.pdf . On December 22, 2006, the OSC ordered the cessation of trading in the Company's securities for 15 days and, on January 8, 2007, that order was extended until March 23, 2007 The Company did not oppose the continuation of this order and is cooperating with the OSC, but cannot at this time comment on the substance of the OSC's allegations or on the impact of the OSC's order on the trading of the Company's common stock in the United States.
The U.S. Securities and Exchange Commission (SEC) has also informed the Company that the SEC is conducting an inquiry into the matters that are the subject of the OSC proceeding. The Company is cooperating with the SEC.
For the foreseeable future, the Company does not intend to respond to requests for information from shareholders or other interested parties except to refer them to this press release and any subsequent releases issued by the Company. The Company will provide any updates as to the matters referred to herein through broadly disseminated press releases, but cannot predict when it will make any such updates. Investors should not rely on any statements purporting to be by or on behalf of the Company other than those contained in this release or any future press releases issued by the Company.
Except for the historical information herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. When used in this press release, the words: believes, intends, anticipates, expects, predicts and similar expressions are intended to identify forward-looking statements. Actual results could differ materially from those expressed in, or implied by, the forward-looking statements based on a number of factors, including, but not limited to, costs, risks and effects of the on-going review by the Company, including the impact on the Company's ability to provide timely information as to the Company's business, operating results and financial condition; costs, risks and effects on the Company's business and the trading of its stock of legal proceedings and investigations, including the enforcement proceeding commenced by the OSC and the inquiry being conducted by the SEC; and the impact of the OSC order that trading in the Company's securities cease. Except as expressly required by the securities laws, the Company undertakes no obligation to update such factors or to publicly announce the results of any of the forward-looking statements contained herein to reflect future events, developments, or changed circumstances, or for any other reason.
Source: Market Wire (January 10, 2007 - 9:46 AM EST)
OSC extends trade halt
RCMP files key evidence in Sulja stock investigation
Gary Rennie
Windsor Star
Tuesday, January 09, 2007
TORONTO - The Ontario Securities Commission (OSC) ordered an extension Monday of its cease trading order against Sulja Brothers Building Supplies Ltd.'s penny stock until March 23 when a hearing on numerous allegations of securities violations will resume.
Based on exhibits of documents already filed with the OSC, key evidence in the case will come from a Nov. 6 recorded interview by the RCMP in Harrow with former Sulja CEO Petar Vucicevich and Andrew DeVries, a San Antonio, Tex., associate of Vucicevich.
Tom Anderson, a senior investigator for the OSC, said in an affidavit that it would take another six months to complete the investigation.
But the OSC already has secured records of five trading accounts of two Canadian brokerage firms that were opened by employees of Vucicevich's Kore International Management Inc. and several members of the Sulja family, whose Harrow-based lumber yard was incorporated in Ontario in 1987.
According to Anderson's affidavit, Vucicevich told RCMP investigators that he directed the trading in the five accounts to keep the price of the stock around 12 cents a share. The stock price has since dropped drastically to about one cent a share in U.S. trading Monday.
About 150 million shares of Sulja stock sold earlier this year through the five accounts raised about $7.8 million, Vucicevich told RCMP investigators the OSC affidavit says.
Money raised from the stock sale went to Kore or Sulja Bros. and members of the Sulja family, Vucicevich told the RCMP, according to the affidavit.
Vucicevich told The RCMP that he was directing Kore's operations in Canada through its Ontario-incorporated company while DeVries directed a U.S.-incorporated company also called Kore International, the affidavit says.
Vucicevich said the Kore companies controlled about 280 million Sulja stock shares, according to the affidavit.
The five trading accounts mentioned in the OSC affidavit were in the names of Pranab Pratap Shah and Tracey Banumas, both employees of Kore; and John Sulja, Samuel Sulja, and a joint account of Samuel and Vladko Sulja.
The OSC also received formal complaints in September from KPMG LLP and PricewaterhouseCoopers (PWC) that two Sulja Bros. news releases had falsely claimed the two accounting firms were being approached to do audits or handle other financial matters.
In his affidavit, Anderson says the accounting firms sent letters to Vucicevich and to Marquee Asset Management, an investor relations firm employed in the past by Sulja Bros. that requested corrections to its press releases, but nothing was publicly retracted.
Jim Bishop of Vancouver, who is well-known for expertise in penny stock markets, said he expects the OSC will share the results of its investigation with the U.S. Securities and Exchange Commission.
Based on the details of the OSC allegations and the extent of their investigation, Bishop predicted a gloomy outcome for shareholders of Sulja stock.
Vucicevich, who didn't appear, and his Kore company were represented Monday by Toronto lawyer Bryan Finlay. DeVries wasn't present or represented.
The Ontario Sulja Bros. company was represented by Toronto lawyer Kate Broer.
© The Windsor Star 2007
Thanks for the great info on those items Flipper, I do appreciate it and matter-of-factly had been looking at those others too!! Funny, guess you cant get a reprieve for the other board but who cares after seeing the crush on that one today.
Anyway, I appreciate greatly your PM and hope you stay well. I love your siggy, kinda like my situation too!!!
Thanks again,
not ignoring. Just got back! give me a few to get my barrings!
Pink Sheets scams may give investors nightmares
By Matt Krantz, USA TODAY
Old scams never die. They just get new names and snare fresh victims.
That vicious cycle is powering a renaissance in pump-and-dump schemes on the Pink Sheets, the Wild West of Wall Street that is a breeding ground for penny-stock scams.
Pink Sheets used to literally be pink sheets of paper that brokers used to trade stocks that didn't meet the listing requirements of an exchange, such as the New York Stock Exchange. Now, it's the label for a computerized network that allows investors and brokers to buy and sell stocks without getting near an actual stock exchange.
The scant regulatory oversight that allowed penny-stock scams to rise in the first place is enabling their comeback. And they're surfacing with a vengeance because of technology that makes it easy to reach millions of investors via e-mail and instant messages on cellphones.
Five years of ho-hum returns from legitimate stocks such as Microsoft and General Electric are adding to the conducive atmosphere. People who want high-octane investments are more receptive to these get-rich-quick schemes pitching trendy investments ranging from fitness centers to alternative energy plays such as wind farms and biodiesel.
Last year, the number of companies listed on the Pink Sheets hit a record 4,570, and trading volume hit 820 billion shares — more than quadruple the level the year before, according to PinkSheets.com. This year is on track for another record, with 4,781 companies listed and a dollar volume of $47.4 billion through Nov. 9, on pace to beat last year's $50.7 billion volume.
Not all Pink Sheets-listed stocks are scams. But amid that flood of activity on the Pink Sheets is an increasing number of scamsters trying to lure fresh prey with promising pitches, say securities lawyers and watchdogs. "I've been seeing more of them," says Hartley Bernstein, of StockPatrol.com. "I get a dozen a day."
A typical pump-and-dump scheme involves somebody making falsely optimistic claims (the pump) via a press release or an e-mail about a shell company whose shares trade for a few cents. Unsuspecting investors buy the "penny stock," causing its price to double, triple or more. Then, scamsters sell shares (the dump) at a profit, leaving other investors holding what turns out to be nearly worthless stock.
Regulators shake their heads at the lengths some go to snare victims. "Some of these bad guys rig the Internet. You can rig the Internet to lure investors into a false sense of security," says Cameron Funkhouser, NASD's senior vice president of market regulation. For instance, some create a fake message board where it appears dozens of investors are gushing about a company's hot prospects.
Technological advances might have made the scams more effective, but many wouldn't work if it weren't for the Pink Sheets. Unlike stock exchanges such as the NYSE, the Pink Sheets system is an informal computerized network that allows brokers to trade stocks and compare quotes. When an investor wants to buy a stock on the Pink Sheets, they contact a broker, who can use a computer to see what the stock is trading for, then contact another broker who facilitates buying and selling in that stock.
Stocks on the Pink Sheets system fall between the cracks of regulation. The NASD regulates brokers, not the stocks they trade. The Securities and Exchange Commission, with few exceptions, regulates only companies with more than $10 million in assets and more than 500 shareholders. Virtually no stocks traded on the Pink Sheets clear that bar.
"As a practical matter, smaller companies tend to fall below the SEC's radar and state regulators'," says John Coffee, securities law professor at Columbia University. "They're too small."
That means a lot of latitude for anyone who wants to abuse the system. Only when a penny-stock scam runs blatantly afoul of the law or violates anti-fraud provisions can the SEC get involved.
The SEC has not released the number of penny-stock scams it has found on the Pink Sheets this year, which makes the boom hard to quantify. But a few of the SEC's recent enforcements show the range of tactics used to lure investors:
Questionable correspondences.
In July, the SEC charged Joshua Yafa, a stock promoter in Florida, with fabricating a fax that appeared to be a private letter from a broker urging a client to buy shares of Pink Sheets-listed stock AVL Global because it was poised to triple in value. The fax was transmitted to thousands in late 2004. The shares jumped 25% on heavy volume after the fax went out, and the SEC's lawsuit alleges that gave Yafa a chance to sell at a $300,000 profit. Yafa's attorney did not return calls for comment.
At the same time, the SEC charged Michael O'Brien Pickens, son of oil tycoon T. Boone Pickens, with using a version of Yafa's tactic to pitch three stocks, two of which traded on the Pink Sheets. The SEC claims the younger Pickens also pocketed $300,000 on the alleged scam. He might never have come to regulators' attention if the fax service he used hadn't unwittingly sent it to one of the SEC's California offices. Pickens' attorney did not return calls for comment.
Multimedia assaults.
In February, the SEC charged Donald Oehmke, Bryan Kos and five partners with putting out false press releases, faxes, e-mails, voice mails, websites and videos to promote two Pink Sheets-listed penny stocks. One claimed to be a Latin American staffing company and the other, a fitness center operator. The SEC said the press releases were false and that the president of the Latin American recruiting firm was in on the scam. The SEC also said the second company didn't own a single fitness center.
Even so, buzz created around the stocks drove them up and allowed the men to profit by more than $27 million, the SEC alleges. Oehmke's attorney declined to comment. Kos' attorney says his client was fooled by the company's management and believed the statements he made about the stock were correct.
Bogus "research reports."
Scamsters often enlist the help of firms that create bogus research reports designed to look like they're from legitimate brokerages. Other times, the fraudsters make the "reports" themselves and disguise that key fact from investors.
That's what the SEC in September charged two people with doing when they promoted what was described as a website construction company. The SEC accused George Bogle and Peter Emmanuel with putting out a report that appeared to be from an independent stock analyst and that said the stock was "our most aggressive stock buy recommendation." But it was based on false information, the SEC says. Nonetheless, the stock jumped 120%, and the two profited nearly $500,000 by selling the shares amid the good buzz, the SEC says.
Emmanuel thought he was just repeating reliable already public information on the stock, his attorney says. Bogle's attorney didn't return calls.
Anyone who isn't confident promoting a Pink Sheets-listed stock can get help. Take Jonathan Lebed, who was fined $285,000 in 2000 by the SEC for buying stocks mainly listed on the NASD's "Bulletin Board" market, spreading false messages to promote the stocks, then dumping them. Lebed paid the fine without admitting or denying guilt. Now, he concentrates his efforts on promoting Pink Sheets-listed stocks. He discloses on his website that he gets paid by companies, often $25,000 a month, for "investor relations" contracts to promote certain Pink Sheets-listed stocks. He often sends e-mails touting events at the company. Several e-mails sent to Lebed were not answered, and no phone number could be found for him or his offices.
Reverse mergers.
It's easy for anyone to "take their company public," thanks to the fact that there are hundreds of shell companies trading on the Pink Sheets that exist on paper but have no assets.
Consider Wind Farming, created when William Telander bought a Pink Sheets-listed company called Applied Research. Applied had no assets, just a Pink Sheets listing, according to an SEC complaint filed this year. After buying Applied, Telander changed the name to Wind Farming, which allowed him to avoid regulatory scrutiny because he took over another company rather than issuing new stock. Starting as far back as summer 2004, Telander began issuing trumped-up and "false" press releases extolling Applied's success, the SEC complaint says, including fabricated business contracts. Trading volume soared from basically nothing to more than a million shares a day, the SEC says, allowing Telander and a group of partners to make hundreds of thousands selling shares. The attorney representing Wind Farming declined to comment.
Problems don't occur only on the Pink Sheets. Enron traded on the NYSE. WorldCom was on the Nasdaq. But companies on the Pink Sheets get greater freedom because there are no listing requirements and there's no dedicated regulator. Companies don't have to meet any standards to be on the Pink Sheets and don't have to put out financial statements. Even Sarbanes-Oxley rules designed to clamp down on corporate games don't apply to Pink Sheets-listed companies.
The SEC usually gets involved only if scamsters get so greedy that they issue additional shares rather than just pumping and dumping existing shares, says Gidon Caine, securities lawyer at Dechert LLP.
Meanwhile, Pink Sheets stocks have the appearance of being like any other stock. Even mainstream websites, such as USATODAY.com and Yahoo Finance, provide quotes on Pink Sheets stocks that give them the appearance of being regular exchange-traded shares.
Some are hopeful that Pink Sheets scams can be curbed. The SEC has been moving to clean up the Pink Sheets where it can, especially by targeting dormant listings of shell companies. For instance, in July it suspended trading in three Pink Sheets-listed stocks, Asia4Sale.com, Vision Group and Idoleyez, saying they were not providing accurate financial data.
The SEC also tightened rules by forcing shell companies to release regulatory filings after being taken over.
These moves will help clamp down on these companies. But the spate of recent enforcement actions, for one, should serve as a reminder to investors to do their homework. "If you can't get a full picture of what a company is doing, you should stay away from it," says Cromwell Coulson, CEO of PinkSheets.com.
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