Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Redskiesatnight, what do you think of the ASC halting trading in SLJB and forbidding PV, etc. from trading any security? Is that going to make Sulja a stronger company?
I didn't mean to come across as hypertensive. I think you are engaging in some very wishful thinking. SLJB may exit the OSC/ASC/SEC process still trading, but they will be unable to attract investors without being a lot more transparent in the way they do things. IMO, they are worse than an unknown quantity: They have shown themselves to be incompetent at best or plain old crooked at worst. I think the latter is much more likely the real case. If Premium Building Supplies is owned by the shareholders of SLJB and if they can get bought out you may see some return on your investment, but I think that scenario is a very low probability.
IMO.
I seriously doubt we have or ever had a business relationship either. IIRC, Earnest is an accountant. My dealing with accountants has been in classes and very rarely corporate bean counters (damned expense reports...).
Earnest, if I am wrong about your profession, please correct me.
IMO.
AFAIK, Earnest and I are not related. I do not know who he is; I only know him as EDD/Guy42.
If the things you mentioned were to happen, I would be happy for the shareholders who were able to avoid losses. However, for the share price to hit $1 without a reverse split, SLJB would have to be a $725m dollar corporation. If we take a very generous P/E ratio of 20 (Home Depot and Lowe's are around 15), that would mean SLJB would need to have net income of about $36m. Can you tell me how you expect them to achieve this when their current operations include Sam's, the trim shop (wait, scratch that, there is no activity at the trim shop), Alberta (wait, scratch that, they are not open for business yet), and umm... umm... Anyone? Anyone? Bueller?
IMO.
lol, it's not an option for me Earnest, you of all folks must realize by now I'll burn my shares before selling at these prices.....
http://investorshub.advfn.com/boards/read_msg.asp?message_id=18443226
Sadly, no. Working as a software engineer, I have to deal with marketING dweebs at work (Think Dilbert in real life). I deal with market dweebs on the stock message boards. ;)
"Wordsmith" has actually become a verb in several situations. When I have to deal with marketing dweebs (a redundancy, I know) and I tell them they are lying to customers, they often offer the canned response, "Oh, I will just wordsmith a little." As far as I can tell, that means they are going to lie more. Eh, what can you expect from marketing dweebs?
I wonder if their new secrecy about the share structure has anything to do with Steve filing papers in Michigan saying the A/S for SLJB is 200,000,000.
IMO.
I'd like to know what's going on in Michigan too... Why is Steve filing incorporation papers on various companies in NV, MI, etc.? Why did he say three months ago that the A/S for SLJB is 200,000,000? It's been 725,000,000 for a while now.
IMO.
When do you think Steve's lawyers gave him this advice? SLJB had no problem PRing "Search and Destroy" missions, the move to Alberta, the Harrow closure and more while waiting for the 5 July hearing. Do you think something changed to make them clam up? Or was it just with Leslie's departure they couldn't find a fine wordsmith to fill her shoes?
IMO.
Ah, thanks!
I wonder how busy Sam's is...
Sorry for my ignorance, but which building is which? Whose house is that? What is the building in the last photo?
The facility with the trucks at least appears to have some activity... or were there just a bunch of guys eating (hot) Carl's Jr. while sitting on the drywall?
Thanks!
Thanks for the link. So I see a lot of up and down with the A/S, but not a return to 200,000,000.
What happened to the other 525m shares?
Hmm.... then maybe the disavowals are going to be mutual. I didn't know PV's letter was removed from the site a while back... the lightning like reflexes of their site admin make my head spin... it only took 9 months.
If (and it's a big IF) the Suljas and PV are denying relationships with each other, anyone want to bet on the chances of one turning state's evidence on the others?
IMO.
Is it that, or is the website starting not to resolve on DNS servers because somebody forgot to renew suljabros.com?
You can claim all you want that I am paid to bash this stock. It won't make it true. I am not paid in any way for my posts regarding SLJB on this or any other board.
As to your earlier question, I will reiterate: I post here to try to counter the misrepresentations that are rampant among posts by longs of SLJB.
You ask us to wait for the hearings. I will when all the longs choose to do the same. When no more posts are made as statements of fact from the longs of SLJB, posts which are really baseless pumping, then I will refrain from posting a realistic view of SLJB.
IMO.
Did you see their response to the Grago ( sp ) suite ?
Denied or didn't even understand the complaints on EVERYTHING, as I remember !!! imho
It's Drago. Who is "their"? Who did not understand?
If someone goes around saying you are a child molester would you say to yourself, "I won't respond because I know it's not true."?
Sulja has done nothing, really, to respond to the allegations and charges of misdeeds. Not a very good strategy for a public company, IMO.
I don't know why I even address such ignorance, but here goes:
When you get a domain name, like www.suljabros.com, you get it for a predetermined period (usually a year or two). At the end of that period, the domain name becomes available for anyone else who wants to purchase it. There have a been a couple of times when microsoft failed to keep the hotmail.com domain and they suffered service outages while they scrambled to renew.
To suggest that owners of a domain must wait until it expires to make changes to the website is one of two things: Extreme ignorance or deliberate deception. If the case were as you suggest, Grande, then yahoo would never be able to update its site until it expires.
Sulja better renew the domain today, or someone may snatch it up and further humiliate them. Worse, someone may snatch it up and make untrue statements along the lines of SLJB being a good investment.
IMO.
Hahaha! I forgot about THAT evidence! ;)
Again I ask: Where is your evidence? Do you have any credible evidence that does not rely on proof by induction?
Well you both are underestimating the power of greed from financial institutions........
And how is that relevant to the topic at hand?
Well said!
I guess it's hard to see the entertainment value when your investment is about as appealing as run-over skunk that's been baking on asphalt for a week during summer and you can't trick any newbies into buying into this scam because those other pesky posters keep telling the truth about SLJB.
That's about what I expected from you... no evidence to back up your false and outrageous claims, just more false and outrageous claims.
You have absolutely no evidence whatsoever that I am paid to bash this or any other stock. You have no evidence whatsoever that anyone else is paid to bash this stock. You only have a bag of crap with SLJB written all over it, and you can't face the fact the you made a singularly poor choice of investments, so you choose to blame others for your failings.
SLJB was not driven down by a conspiracy of any kind. It tanked when the light of day shone upon the unsavory practices of PV and the rest of SLJB's principals.
IMO.
I think that's the one... the T&S who have been repeatedly sanctioned by PCAOB, the T&S whose named partner is not allowed to do audits because of his negligence/malfeasance/incompetence (take your pick), the T&S who is based in Texas and must spend a day traveling to do a face to face meeting with SLJB.
That's the one, yep.
Give a specific instance of an actionable criminal act committed by someone who has a negative view of SLJB that is related to SLJB. Don't tell us to find it ourselves. YOU are the one who made the claim, now back it up with facts.
Was that a threat 12ring?
I understand that people who invested in SLJB want their money back. What I can't understand are people who claim the company is well run and on the up and up.
I cannot speak for others, but I have never tried to undermine SLJB and/or its shareholders. As I have stated several times in the past, I want to provide a balance on this board to the shameless, pumping longs who would deceive potential investors in SLJB into buying without reviewing all the available information.
IMO.
I am not bashing, I am telling the truth. I certainly would not measure personal success as having "driven" the stock price lower. On the contrary, I would be very happy to see SLJB release audited financials, put in place a management team who cares about shareholders, and build value for said shareholders. In that way, many of the people who were duped by scam artists like PV and his rogues might recoup some of their investment.
Your statement about the company telling white lies (I assume you meant "lies", since "lied" makes no sense) being ok is completely outrageous. It speaks quite ill of your character and your understanding of good corporate governance and fiduciary responsibility. Perhaps that is why you support the current regime at SLJB so strongly? You like the way they do business?
You can think what you want about my reasons for posting about SLJB, but I am not compensated in any way for offering my opinions. I have no position, short or long, in SLJB, I never have and I never will. I simply hope to warn the uninitiated from dumping money into this scam based on what is posted here by people who claim to be longs but who I really believe to be paid pumpers.
IMO.
good post, Mhart. Agree with you that this
"invesgation" has gone on and on and on
ad nauseum. Unless they come up with something
really substantive, ought to be some kind of serious penalty
for needlessly harming this stock as well as those investors that already own shares, not to mention discouraging those that might contemplate acquiring same.
<dr. evil voice>Riiiiiiight...</dr. evil voice>
Real estate in Detroit.
Real Estate in Detroit was not selling even at fire sale prices before the sub-prime blues... kind of like SLJB stock.
No, not at all! Companies release audited financials every day. Oh! You mean A/F's from SLJB? Yes, I think it's safe to say that.
;)
IMO.
Is it finally safe to say we will never see Audited Financials?
Yep! And every time SLJB's share price goes down it's a good thing! Because there is that much less downside potential... or so the kool aide drinkers would have you think.
IMO.
That may be why Steve Sulja seems so carefree when people can get through to him (according to the longs who claim to have spoken with SS). Maybe he hopes/knows that his new business will have nothing to do with the scam that is SLJB and Sulja Brothers. Maybe assets of Premium Building Supplies of Alberta cannot be claimed by shareholders of SLJB, and Steve is positively giddy at the fact that he won't have to have anything to do with the bagholders...
IMO.
Nothing "interesting" about it! Premier Building Supplies is a totally different entity in a different Province from Sulja Bros.
Hey redskiesatnight, you are always claiming that PV is such great manager and asset to the SLJB team, but now he is saying he has no relationship with Sulja Bros. Still think he's great? Still think SLJB is great? Is the trading halt in Alberta great? Does it make SLJB's future brighter? How? Tell us, red?
4. Duration of Orders
[19] The OSC Order is temporary. It has been extended on several occasions, most recently on 30 July 2007, until 7 September 2007. There is no reason to believe that a further extension will not be forthcoming.
Don't miss any of the negative qualifiers: They are saying they expect the OSC trading halt to be extended.
The fat lady has entered the building and is clearing her throat...
How are we all going to stay in touch and keep taunting each other when SLJB is suspended from trading on the entire planet and the stock boards go away?
Why would you laugh at Gary Rennie's accuracy? What has he published/written that was inaccurate? Specifically, what has he published/written regarding SLJB that is inaccurate?
I think most of Canada's major papers (including the Windsor Star and Calgary Herald) are owned by the same holding company. If they wanted to cover the hearing, they would probably ask someone from their sister paper to sit in, rather than send someone on a 4000+ mile round trip, so I'm not sure it would be Rennie.
IMO.
From Snips' board it looks like the ASC decided not to decide. They did not place any restrictions on SLJB in Alberta, but they have not rendered a decision. All of this assumes the info posted on snips' board is accurate.
IMO.