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We will serve in this capacity until all of the merger details have been completed," said Sulja
So mis-guided, Need to research people, not listen to those wanting your attention, including me!!
Look near bottom of this earlier PR--------All three officers will also serve as Interim appointees on the company's Board of Directors. "We will serve in this capacity until all of the merger details have been completed," said Sulja.
Sulja Brothers Names Officers and Interim Board of Directors to Complete LFWK Merger
LoftWerks, Inc. (OTC: LFWK) today announced that its post-merger partner, Sulja Brothers Specialty Building Materials, Ltd., has appointed new officers and directors in anticipation of combined operations. Heading the company as its new Chief Executive Officer will be Steve Sulja. Mr. Sulja is currently Director of Sales and Marketing for both Sulja Brothers and Consultech Construction Management, Inc., positions he has held for the past ten years. The company also has named Leo Joseph Meloche to serve as President. Mr. Meloche is currently Comptroller of Sulja Brothers, a position he has held for the last eight years, and brings a wealth of financial and management experience to the position. The final announced appointment is the naming of Leslie A. Budway to serve as Secretary. Ms. Budway is currently in-house credit analyst for Sulja Brothers, a position she has held for six years.
All three officers will also serve as Interim appointees on the company's Board of Directors. "We will serve in this capacity until all of the merger details have been completed," said Sulja. "When input has been received from all of the post-merger entities -- LoftWerks, KORE International Management, Inc., Consultech, and Sulja Brothers -- we will be naming a permanent Board of Directors that can successfully and efficiently guide our combined efforts."
PPS holding up nice, good sign. Investors getting stronger and bashers having less credibility.
Maybe it pays to keep all informed of how bashers operate.
Was looking to add more at .069 this morning but waited too long.
Well they say buy when there's blood in the sreets. Long time longs getting upset & banned, bashing from all over, CEO's, etc.
Darn good time to buy IMO!!
Like this part: A communication protocol will be posted on our newly designed website and will give the opportunity for investors to list their concerns and questions.
told ya shorts
Thanks shorts/bashers, buying at .076 because with all the distortion you guys played the company has got to put a PR out soon now. Thank you for the opp at such undervalued prices.
Must have got it before you did, Huh.
ohiobuckkeye, No problem, just want to keep my eye on the prize. Too easy to let others sway you into conversation that is not helping anyone make an informed decision.
I personally sense a business plan unfolding that is already decided. Scams are shortlived IMO and certainly don't even Dare speak of Audits...
The first and foremost question I ask is: If these people are so negative on this stock, Why are they here?
If I ever become negative on this stock, then I will sell my shares and go away, and Not spend all day trying to get others to sell.
"Ramada General Contracting is paying an average of USD $50.00 per metric ton. The deal produces yearly revenues of USD $350,000,000.
Guess the negative entities on this board don't want to focus on recent deals, Huh. Why not!
I figure they must have found out by now that Ramada really does exist.
Thats why their here, they can't buy your stock unless you're willing to sell it to them.
Recap:
Closed & finalized cement contract:
announced the closing of the cement contract in Dubai with Ramada General Contracting in Abu Dhabi, UAE.
CEO Steve Sulja stated: "The cement contract has been finalized, and the contract is officially closed. The contract is for seven million metric tons of cement per year. The cement will be transported to Abu Dhabi, UAE."
Wessal International's President, Ahmed Khalil Al-Muslmani, stated: "Ramada General Contracting is paying an average of USD $50.00 per metric ton. The deal produces yearly revenues of USD $350,000,000.
acquiring a lumber mill with operations in both the Province of British Columbia and the State of Washington.
CEO Steve Sulja stated: "We have decided to remove the middle man in our supply chain. The acquisition of the lumber mill will decrease our finished lumber product costs by over 30%.
move the Sulja Bros. assets to the State of Nevada. Sulja Bros. attorneys have paid all creditors and liens on the assets being moved. The attorneys, working with the auditors, have produced the balance sheet, which was the last piece of information needed to complete the audit.
The pro forma estimated revenue is $307,007,451.50 and estimated net profits are $93,951,965.18. The pro forma for the current fiscal year is available for our shareholders to view. The pro forma numbers will grow as we obtain our market share of the Middle East construction boom."
Wessal International is purchasing 25% of Sulja Brothers in the open market. Wessal International is the parent company of Red Sea Group. Red Sea Group was recently selected to strengthen Investor Relations in the Middle East.
We are now working with one of the largest investment banking firms to complete the listing of Sulja Bros. Building Supplies, Ltd. on the Dubai International Financial Exchange."
Wessal International has arranged for private financing of USD 25 million, of investment capital, for Sulja Bros. Building Supplies, Ltd.
Lesson 1: Remember, BASHERS NEVER BASH A BAD STOCK. Watch the board
for stocks with no potential. They never have any bashers. Bashers
only go after stocks that are going upwards or have excellent
potential to go up. Bashers get left behind, so they want to bring the
price down
Lesson 2: BASHERS ALWAYS BRING UP OLD NEWS THAT YOU HAVE HEARD MANY
TIMES. New startup companies always have a few bits of bad news. The
basher will post this over and over again. The stupid basher will try
to make the old news a bit fresher to try to fool you.
Lesson 3: BASHERS POST MANY TIMES A DAY. They try to wear you out.
They comment on everything, every other post, and can answer every
question. THEY KNOW IT ALL! There is no positive comment they won't
bash. They try to control the board. True longs may have to address
the bashers or they will appear to the newbies as being the people
with all the information.
Lesson 4: BASHERS WILL LIE TO YOUR FACE. Never trust a basher. The
truth on startup companies is that many mistakes are made and losses
happen. The basher will try to make you believe all startup companies
make a profit, release financials every quarter and all aspects of the
business run smoothly. THIS IS NOT TRUE. THE BASHERS LIE TO YOU.
Startup companies can go years without profits, financials and good
business, this is the nature of the beast.
Lesson 5: The bashers know YOU CAN'T VERIFY THEIR STATEMENTS. That's
why they make the statements they do.
Lesson 6: The bashers PLAY ON YOUR LACK OF KNOWLEDGE. They can lie
about information and you couldn't know the difference (unless you
have done your
assessment of the company and know the truth and facts).
Lesson 7: Bashers play on your lack of patience. YOU have held a stock
for a while. You knew it will be a big stock someday, but the BASHER
CAN GET TO YOU BECAUSE YOU ARE TIRED OF WAITING FOR YOUR GAIN . That's
when the basher is best. You are tired. You have forgotten the goal
for the stock was to hold it for one year. The basher is bothersome,
so you dump it on a bad day. Some others also dump. Then you get mad
for your loss and return to let everyone know how mad you are. Then
you turn into a basher as well. THE BASHER HAS
WON, AND GAINED A NEW PARTNER, TOO. to be able to get in at a great price.
Lesson 8: BRING THE PRICE DOWN. That is the basher's job. The truth is
not important. Lies are the norm. Post continuously on the board every
day. They are trying to hit the newbies visiting the board. They are
trying to wear out the longs on the board. They do whatever it takes
to wear the longs out.
Lesson 9: BASHERS WILL TRY TO CREATE DOUBT AND GET YOU TO RESEARCH
ITEMS THAT THEY KNOW WILL LEAD TO THE CREATION OF DOUBT IN YOU AND IN
OTHER STOCKHOLDERS. A typical trick of an advanced basher is to
propose that there is a potential "problem" because "we" don't have
the facts on a particular subject. The basher dares someone in the
group to find out the answer to the question. The basher already knows
the answer; the basher already knows what will be found. The power of
this tactic is that the basher is now in control of the actions of the
stockholders; the basher has you, the stockholder doing HIS/HER due
diligence and when you, the stockholder come back to the group with a
questionable finding then the basher gains credibility. What to do???
Solution??? Well, I think it's important to find answers but on your
own terms. I actually pick up the phone and call the company and talk
to the investor relations person or the CEO until I get a satisfactory
answer. The problem here is that the advanced basher has you doing his
bidding and his work; you have essentially joined his ranks. So,
develop your own little Due Diligence package and answer questions by
placing the information into the package and referring all new
investors to read the answers to questions raised in the Investor
Information package but DON'T GET INTO A CONVERSATION WITH THE BASHER
REGARDING THE TOPIC. THAT IS WHERE YOU LOSE. DON'T CONVERSE WITH THE
BASHER; ANSWER INDIRECTLY; DON'T USE THE BASHERS NAME; DON'T GET INTO
A PERSONALITY CONTEST.
A BASHERS HANDBOOK: know the enemy who wishes to steal your money! Do
not underestimate a bashers influence on a stock. The Pro's are good
at what they do and what they do is profit from your losses. Below is
their "hand-book" so to speak. Learn from it or donate your money to
those who make an organized plan to steal your money!
BASHERS DO THE FOLLOWING:
1. Be anonymous
2. Use 10% fact. 90% suggestion. The facts will lend credibility to
your suggestions.
3. Let others help you learn about the stock. Build rapport and a
support base before initiating your bashing routine.
4. Enter w/ humor and reply to all who reply to you.
5. Use multiple ISP's, handles and aliases.
6. Use two (2) or more aliases to simulate a discussion.
7. Do not start with an all out slam of the stock. Build to it.
8. Identify your foes (hypsters) and the boards "guru" Use them to
your advantage. Lead them do not follow their lead.
9. Only bash until the tide/momentum turns. Let doubt carry it the
rest of the way.
10. Give the appearance of being open minded.
11. Be bold in your statements. People follow strength.
12. Write headlines in caps with catchy statements.
13. Pour it on as your position gains momentum. Not your personality.
14. Don't worry about being labeled a "basher". Newbies won't know
your history.
15. When identified put up a brief fight, then back off. Return in an
hour unless your foe is a weak in reasoning powers.
16. Your goal is to limit the momentum of the run. Not to tank the
company or create a plunge in the stock; be subtle and consistent.
17. Kill the dreams of profits, not the company or the stock.
18. Use questions to create critical thinking. Statements to reinforce
facts.
19. DO NOT LIE, DO NOT NAME CALL and DO NOT USE PROFANITY.
20. Encourage people to call the company. 99% won't. They'll take your
word for claims made. If they do call you can always find something
that is inaccurate in how they report their findings.
21. Discourage people for taking the companies word for anything.
Encourage them to call the company. They won't out of laziness.
22. If the companies history/PR's are negative constantly point to
that. Compile a list of this data prior to beginning your efforts.
23. If the price rises blame it on the hype or the PR, temporary mass
reaction, the market, etc. Anything but the stock itself.
24. If other posters share your concerns, play on that and share
theirs too.
25. Always cite low volume, even when it's not.
26. Three or four aliases can dominate a board and wear down the longs.
27. Bait the hypsters into personal debates putting their
focus/efforts on you and not the stock or facts. Divert their
attention from facts. Show them the facts from a "different angle."
28. Promote other stocks that would-be investors can turn to instead
of the one your bashing.
30. Do not fall for challenges on the "values" of what you are doing,
it's a game and you are playing it with your own rules.
GRADE YOUR FAVORITE BASHER:
Advanced Basher:
Will join the message board early and actually "pump" the stock with
positives; this basher is very intelligent, has the facts of the
company, actually helps longs with Due Diligence and generally gets
the confidence of the stockholders. Then, when the stock hits their
price, the tone will change and they will start asking longs to check
into this and check into that. The seeds of doubt are being planted.
This basher will then start using all the tactics listed on this page
to create seeds of doubt. ALWAYS LOOK AT THE PROFILE OF A PERSON YOU
SUSPECT. ASK WHAT STOCKS THEY'VE "SUPPORTED" IN THE PAST AND CHECK OUT
THE MESSAGE BOARD. An honest person will have a positive track record
that can be followed. I strongly believe that a contrary view is
needed but this person is out to steal your money and does it by
deception and creates fear after gaining confidence! BEWARE, this is
the most clever basher and the hardest to spot.
Grade A Basher:
Posts lots of old news, responds to all positive posts with a negative
side. Never responds to being called a basher, never posts on another
board. Can spend up to 80 hours a week bashing a stock.
Grade B Basher:
Very good way with words, always claims to be your "friend" taking the
positive poster into confidence, never posts on another board, spends
about 60 hours a week.
Grade C Basher:
Spends less time than the others but is somewhat effective and gets a
C grade due to getting excited when bashers rules say not to get
excited, spends about 40 hours a week.
Grade D Basher:
Needs to learn the basics about being convincing when making a
negative statement. Spends a good amount of time working the stock,
maybe 20 hours a week. Grade F Basher: A complete idiot, most readers
are not convinced he knows anything about stocks in general. The type
that says a stock "sucks", but gives no rationale, shows up every so
often but no regular schedule.
With 500 million shares outstanding:
--------------
15.6 million net earnigs divided by 500 million shares =
EPS of aprroximately 0.032
A PE multiplier of 30 is not unreasonable with the proforma numbers stated, so
0.032 X 30 = 0.96 is a resonable estimate for the stock after audited financials.
----------------------
around 100 million proforma earnings divided by 500 million shares =
EPS of 0.20 (forward looking)
If they can continue to grow in the Middle East a PE of 30 is not unreasonable
0.20 X 30 = 6.00
-------------------------
Many will argue with the PE but high growth stocks with great margins and earnings typically exceed a 30 PE. When the growth calms down, the PE will fall to the 15 to 20 range on the earnings.
- Consultech owns Sulja. Consultech is owned by Vista International.
- Vista International and Consultech have been building structures in Dubai, Germany and Europe for a number of years.
- The construction growth in Dubai caught both Vista and Consultech by surprise. They want the work.
- Wessal, via it's subsidiary "The Red Sea Group" has been supplying material for many projects in Dubai for a number of years. Probably one of their main customers is EMAAR.
- In the past 6 months, they have been having a difficult time obtaining materials of high quality (based on numerous press reports of the area).
- Vista International also needs these materials. Especially, good quality soft wood.
- Wessal teamed up with Vista International to help Sulja bring those supplies and materials to Dubai and the surrouding area being impacted by the construction boom. Hence the 25 million dollar loan and offer to purchase 25% of Sulja's stock.
- Sulja is now putting the pieces of the supply chain in effect to maximize profits, maximize delivery time, and maximize materials needed.
- In the meantime, Sulja still has a thriving business in Canada and the U.S.
WINDSOR, ON -- (MARKET WIRE) -- 09/05/06 -- A Sulja Bros. Building Supplies (PINKSHEETS: SLJB) spokesperson announced the closing of the cement contract in Dubaiwith Ramada General Contracting in Abu Dhabi, UAE.
CEO Steve Sulja stated: "The cement contract has been finalized, and thecontract is officially closed. The contract is for seven million metrictons of cement per year. The cement will be transported to Abu Dhabi,UAE."
Wessal International's President, Ahmed Khalil Al-Muslmani, stated: "RamadaGeneral Contracting is paying an average of USD $50.00 per metric ton. Thedeal produces yearly revenues of USD $350,000,000. The UAE currently facesa shortage in cement production. We are continuously looking to fill thisneed."
RAMADA GENERAL CONTRACTING
Company Information
Membership Id : 101584
Municipality Id :81608
Company Type : Trading
Organizations Type :Main Member - Abu Dhabi
Company Nationality :U.A.E.
Created Date : 15-02-2004
Renewal Date : 11-04-2006
Expire date : 10-04-2007
Legal Form : National Proprietorship
Contact Name :
Maybe temporarily, but when audited financials come out and they are even in the ball park of what most think, Nite will be like a splinter on a baseball bat as far as money control goes!!!!!!!
Looking at the charts we should close over .09 today.
jantinna is probably a Basher from raging bull
Here's one of them.
By: jantinna
06 Sep 2006, 07:17 PM EDT
Msg. 742 of 768
Jump to msg. #
And this,
Has anyone talked the Khan in the yellow pages? I just got off the phone with him and he confused the heck out of me. He stated he was the new CEO of Sulja Corp, not Sulja Brothers and this was a new entity and shares haven't been put out in the market yet?????? He claimed he would be dealing with building supplies overseas, couldn't tell me jack about Steven Sulja or Petar. What a crazy conversation that was, he is convinced he is the new CEO, call him he answered the phone 519-253-7500.
Very strange!
Audited Financials could be as early as today! Steve said on August 23. "The company's financial audits will be completed in a couple of weeks.
Let it tank, I'll still take what I can afford.
As I've said before, don't buy or sell because of what you read here. Do your research.
I already have and I'm still comfortable with the company.
SEC?
Yes! Your company's securities offering may qualify for one of several exemptions from the registration requirements. You must remember, however, that all securities transactions, even exempt transactions, are subject to the antifraud provisions of the federal securities laws. This means that you and your company will be responsible for false or misleading statements, whether oral or written. The government enforces the federal securities laws through criminal, civil and administrative proceedings. Some enforcement proceedings are brought through private law suits. Also, if all conditions of the exemptions are not met, purchasers may be able to obtain refunds of their purchase price. In addition, offerings that are exempt from provisions of the federal securities laws may still be subject to the notice and filing obligations of various state laws.
Recap:
Closed & finalized cement contract:
announced the closing of the cement contract in Dubai with Ramada General Contracting in Abu Dhabi, UAE.
CEO Steve Sulja stated: "The cement contract has been finalized, and the contract is officially closed. The contract is for seven million metric tons of cement per year. The cement will be transported to Abu Dhabi, UAE."
Wessal International's President, Ahmed Khalil Al-Muslmani, stated: "Ramada General Contracting is paying an average of USD $50.00 per metric ton. The deal produces yearly revenues of USD $350,000,000.
acquiring a lumber mill with operations in both the Province of British Columbia and the State of Washington.
CEO Steve Sulja stated: "We have decided to remove the middle man in our supply chain. The acquisition of the lumber mill will decrease our finished lumber product costs by over 30%.
move the Sulja Bros. assets to the State of Nevada. Sulja Bros. attorneys have paid all creditors and liens on the assets being moved. The attorneys, working with the auditors, have produced the balance sheet, which was the last piece of information needed to complete the audit.
The pro forma estimated revenue is $307,007,451.50 and estimated net profits are $93,951,965.18. The pro forma for the current fiscal year is available for our shareholders to view. The pro forma numbers will grow as we obtain our market share of the Middle East construction boom."
Wessal International is purchasing 25% of Sulja Brothers in the open market. Wessal International is the parent company of Red Sea Group. Red Sea Group was recently selected to strengthen Investor Relations in the Middle East.
We are now working with one of the largest investment banking firms to complete the listing of Sulja Bros. Building Supplies, Ltd. on the Dubai International Financial Exchange."
Wessal International has arranged for private financing of USD 25 million, of investment capital, for Sulja Bros. Building Supplies, Ltd.
LoftWerks, Inc. (PINKSHEETS: LFWK) today announced that it has finalized the process of changing the name of its post-merger entity. The name of the Company has been changed from LoftWerks to SULJA BROS. BUILDING SUPPLY, LTD. The new trading symbol for the company's common stock will be "SLJB."
Great buying Opp here IMO. This is the normal 50% pull back from the run yesterday. Should be expected, ( some profit takers and some new hands before the next run).
As for those people who play the cycle. I just wonder how many times they got out just to watch a stock take off. I think many post here for their own benefit as to try and create a following to help their trading style. They say don't get caught up in the hype.
Well, let me say this: I want to get caught up in the hype because this is what I call Due Dilligence!!!!! I take nothing as fact and if I read something, I also research it.
I believe this stock is much different than your usual penny play for many reasons already posted, however now a 25 year old company and family has stated: closed and finalized contract.
This means if officials want to see the paper trail and documents for this deal, and they don't exist, then someone is going to Jail. (common sense). The Sulj's didn't stay in business 25 yrs. to ruin their name & business.
I say this company is legit and will prove it with the audited financials probably sooner than later.
Well Greenspirit, Congrats on your timing today. Wish I had gotten my fill, but I'm still happy.
Just letting her ride because my valuation of the company just went higher.
Here's another 3rd party. Soon as every big boy verifies this company, they all will want to cover & buy in too.
Want to see the price hit .08, .09, .10 ect. Don't sell yet!
They ran away from my order, but I'll raise my bid at end of day if need be! I win either way, because I'm already in heavy.
greenspirit, Hope your luckier than me, I've had and order in at .07 for 30 min. and still not filled. There are some going through at .07, but I wonder who's taking preference.
Someone wants every share they can get right now. There not letting me have any.
and of course the construction sector, which rose by 6.6 per cent, from
Dh23.8 billion in 2003 to Dh25.4 billion in 2004, ranking it the sixth largest sector,
after: 1. oil and gas, 2. manufacturing, 3. wholesale, retail and repair, 4. government
services and 5. real estate and business services.
POPULATION
The UAE’s population is rising at a rate of around 6.9 per cent, reaching 4,320,000
in 2004 compared to 4,041,000 in 2003. With output growth increasing at a
slightly faster pace than population, GDP per capita (at constant 2000 prices)
increased in 2004 to Dh74,900 against Dh74,600 in 2003. By the end of 2005
there were almost five million people living in the UAE. A strong economy,
healthy social development and political stability have supported a steady rise
in population, making the UAE one of the fastest growing nations on earth.
Additional factors supporting this growth include the influx of foreign workers,
a sharp drop in infant mortality and a comparatively higher birth rate.
The new census (see chapter on Social Development), which will be completed
MAJOR INDUSTRIES
Clusters of industrial projects have been created throughout the UAE at prime
locations such as the Industrial City of Abu Dhabi (ICAD), Jebel Ali Free Zone and
Hamriyah Free Zone. ICAD is located 30 kilometres from the centre of Abu Dhabi
City and 25 kilometres from Abu Dhabi International Airport. Its range of
services include a ‘one-stop-shop’ for issue of industrial licences; provision of
suitable development sites for factories; issue of custom exemption for goods,
equipment and machines imported by the factories and solving all obstacles
facing industrial projects.
ICAD has shown very rapid recent growth with 355 major manufacturing
companies employing more than 30,000 workers established there. The city
provides all basic services and facilities for a wide range of industrial activities.
Of over 350 manufacturing units operating in ICAD, 23 per cent are engaged in
metallic industries, 21 per cent in construction materials, 16 per cent in fibreglass
projects, 10 per cent in the petrochemical sector, 8 per cent in foodstuff
manufacture, 6.5 per cent in computers and equipment assembling, and 4 per cent
in garments and textiles.
Certain heavy industries of strategic importance are being developed at ICAD.
EMAAR
effectively maintained an average monthly ratio of more than 322 deliveries for 31
months, excluding more than 1000 rental units. At an average of Dh1 million per
unit, this translates to Dh10 billion worth of properties at current prices, making
EMAAR the largest property developer in the Middle East and North Africa (Mena)
region. By the end of 2005 EMAAR will have handed over an additional 5000 to
6000 units, tripling monthly deliveries to 1000 units for the second half of 2005.
EMAAR is also the company behind the tallest building in the world, Burj
Dubai Tower, which is under construction. Financed by a syndicate of three UAE
banks, Mashreqbank, Emirates Bank International and Abu Dhabi Commercial
Bank, the project is expected to cost Dh3.2 billion (US$869m). Due for completion
by the end of 2008, the Burj Dubai Tower will be the centrepiece of the 500-acre,
US$8 billion ‘Downtown Dubai’ development.
CEMENT AND BRICKS
A new cement factory with a planned annual production capacity of 1 million
tonnes began construction in Ra’s al-Khaimah in 2005. Given the pace of
development in the country and the demand for building materials, the market
for cement is expected to rise by 10 to 15 per cent annually to a total of around
23 million tonnes per annum within the next five years. Pioneer Cement Industry
is developing the new factory in the Al Ghail area.
Meanwhile, the Ra’s al-Khaimah Investment Authority is promoting establishment
of a bricks factory at a cost of US$100 million (Dh368 million). The project forms
part of the emirate’s ten-year development programme.
Fujairah, situated on the UAE’s East Coast, has a number of special attractions,
including wonderful beaches. The first international hotel to open on the East
Coast in over two decades is award-winning Le Meridien Al Aqah Beach Resort
which has been very successful in generating renewed interest in Fujairah and
is a catalyst for further development of the sector. On weekends, the resort has
100 per cent occupancy. Agreements were recently signed with local and foreign
investors for the construction of a further five hotels in the same area.
Future investments in tourist projects are likely to be significant, throughout the
UAE. Abu Dhabi alone plans to spend at least Dh40 billion between 2005 and 2015.
Exactly jimmym4, All should keep their eyes on the Vision the company has. I'll say this. if this turned out to be a scam, then these guys missed one of the best opportunities out there.
I see a business plan unfolding piece by piece. And these guys are thinking way ahead of us.
Also as far as Rager deleting posts. He deleted one of mine the other day as I was responding to a Basher. I thanked him for it because he reminded me how easy it was to let them get us off subject.
Personally, I don't think I could do as good a job as he does moderating.
Nope, We may all be wrong today guy's. The MM's have changed their pattern today for the first time in a month.
Usually pulling it down at end of day, today pulling it down to early. Leads me to believe their still in this hurry to cover.
I think with the change in pattern you'll see a lot of buying/covering this afternoon by MM's.
everyone notice in post 61369 at the bottom where it says: (in an interview with president of US based firm. This sounds very much like third party confirmation of what we all knew already.
Probably part of why the shorts are getting in a hurry to cover.
everyone notice in post 61369 at the bottom where it says: (in an interview with president of US based firm. This sounds very much like third party confirmation of what we all knew already.
Probably part of why the shorts are getting in a hurry to cover.
Post #15219, By Eyeswideopen.
Now this is when the stock price was .02 back in early june.
Now he could sell and take a handsome profit but he's still here.
I say he has good trading skills as he realized the value of that post and knows it's going on now. Price will appreciate, but only for the patient.
A lot has been said about the MMs' devious practices. I won't try to go into all that; you can get it elsewhere. But the fact that two of them got together and traded shares at .015 back and forth to create the appearance of a weak market demonstrates that they are willing and able to create their own charts, up to a point. Somebody wanted to make the stock look weaker than it was, in order to get the price down, to induce weak longs to sell--to THEM. To me, this is an indication that they want to buy. It's actually a good sign, as long as longs don't get sucked in and sell their shares cheap to those who want to create panic selling. As for the wide spread, that is the difference between what the MMs want you to think you can sell your shares for and what they are actually worth at the moment. The way things are going, the ask is the only true reflection of the market. Nobody's selling under two cents, and for good reason. We're worth much more than that. -eelfland
Red Sea Group Hones in on Data Centers
By Brian K. Miller
SANTA CLARA, CA-Intent on scooping up as many as possible, the international real estate development firm acquires its third data center here in the past 18 months. The building is fully leased by the soon-to-be-sold telecom company Electric Lightwave.
Red Sea Group Buys Back Class A Data Center
By Connie Gore
RICHARDSON, TX-In a niche play, the investment group cuts a near $8-million, off-market deal for a Cingular-leased asset that it sold in 2000.
Red Sea Group, Provident Pocket 42 Prized Acres in North Dallas
By Connie Gore
DALLAS-With a foreclosure clock ticking, the new JV closes an off-market buy of the last large tract available for mixed-use redevelopment in its submarket, paying far less than the $52-million previous ask for the 857 apartments and 50,000-sf shopping center.
With 500 million shares outstanding:
--------------
15.6 million net earnigs divided by 500 million shares =
EPS of aprroximately 0.032
A PE multiplier of 30 is not unreasonable with the proforma numbers stated, so
0.032 X 30 = 0.96 is a resonable estimate for the stock after audited financials.
----------------------
around 100 million proforma earnings divided by 500 million shares =
EPS of 0.20 (forward looking)
If they can continue to grow in the Middle East a PE of 30 is not unreasonable
0.20 X 30 = 6.00
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Many will argue with the PE but high growth stocks with great margins and earnings typically exceed a 30 PE. When the growth calms down, the PE will fall to the 15 to 20 range on the earnings.
Thanks Rager,
My post was against all the bashers. Thanks for reminding me how easy it is to let someone get us off subject. We should continue our DD of the company & prospects.
Thanks again.
I can just read the bashers E-mail now.
ATTN: All Bashers of SLJB!!!
Its ok to go on the message boards and create all the dout you can, but if you want to get paid you better go all out when a PR is put out. This way we can slow any run and cover at a lower PPS.
Notice they come out in force everytime a PR is out.
If it was a bad stock , they wouldn't need to be here, would they? Which brings up another question. If this stock is so bad, why are they here? A normal person would sell and move on.
This tells me how good of a stock I'm in!!!
Oh, and THanks for the .071 buy in.
What company would spend the dollars on a PR just to tell everyone to let them work. Hint: a real company.
Confirmation of a real entity doing real business to me.
Party, What Dennis told me (He was referring to Sulja), and I quote "These guy's have the connections".
He also said they have big money in the picture. Anyway, I know for fact that Nashville location is being turned into Lofts. Even looked at blueprints.
skinluvr, Notice how quick some were to tell about certain phone numbers not working at one time.
Well, I wonder why they didn't say anything about the numbers that did work. (Lotworks-Nashville for example).
See I've actually spoken to Dennis there with the number listed and have been throuh a tour of the building they are in.
The reason IMO they don't talk about the positive parts is because they are the ones buying the shares they talk others into selling.
Would explain the stagnation in price as well as any other cenario.