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FYI Jimbo BISHOP
On Dec. 4, IFA Hotels & Resorts announced it would build in Dubai, United Arab Emirates, the $1 billion Kingdom of Sheba resort, which will be part of the already-announced Palm Jumeirah development. The Kingdom of Sheba will cover approximately 1.4 million square feet and be completed in mid-2010. Approximately 300 of this property's rooms will be condos -- with prices ranging from $1 to $7 million -- while 550 will be in a hotel called the Fairmont Kingdom of Sheba. Amenities at the Fairmont will include a private beach and club; boutique dining areas; health and fitness facilities; several pools, and meeting space. In addition, the hotel will include the Fairmont Heritage Place, Kingdom of Sheba, a residence club with 50 luxury apartments, all with sea views and some with terrace pools.
Also in the United Arab Emirates, in Abu Dhabi, will be a new development called Yas Island. Developers Aldar Properties said the artificial island will have the world's first Ferrari World resort with a theme based around the luxurious Italian car company, Ferrari. The island also will contain 3 million square feet of shopping, a Ferrari-themed park, a museum and a theater, as well as a championship-quality racetrack with a Ferrari Driving School. Plans also call for two marinas, yachting facilities, several restaurants, other resorts, a water park, three golf courses, and a polo field and equestrian center. No opening date has been released.
Flipper,#5 and #6 but I don't consider myself a basher!
No matter which of the ten categories the poster falls in he is still grouped into the category of the "Basher".
The use of the above sub topics, Compiling Data, Suggestive Posting, Religious Posting, Multiple Alias Posting, Planting Doubt, Long Shareholder Suggestions, Use Hypesters for Fuel, Knows When Identified and Share Price listed under heading Methods gives the methods the professional will use to fulfill their objective.
Once they have entered into this elite profession they have graduated from basher entering the elite classification known as the "Professional Basher".
The Method of Operation of the Professional Basher
Mr. John Doe or Mr. Anonymous, do you really think you are fooling everyone with your hypocrisy? You write suggestive messaging to have a subliminal effect on your readers. Don't you know Mr. JD or Mr. A through education the reader understands you are just doing your jobs? The intelligent and educated poster understands you are professionals. If they don’t they will after reading this article. You will be known in this article as the "Suggester" not as the "Basher".
Words to Understand:
Hypocrisy: a feigning to be what one is not or to believe what one does not; esp: the false assumption of an appearance of virtue or religion. Source: Merriam-Webster Online Dictionary
Example: claiming to stand for truth and honesty and attempt to hold someone accountable for every scintilla that comes along, while at the same time telling blatant lies and making unfounded false accusations against innocent people, and showing gross disrespect to those individuals that would hold the claimant accountable himself. Source: an anonymous friend
Subliminal: 1: inadequate to produce a sensation or perception 2: existing or functioning outside the area of conscious awareness <the mind><technics in advertising>-subliminally\adv Source: Merriam-Webster Online Dictionary
Example: The use of subliminal messages to discourage unwanted behavior. The use of subliminal messages on post boards is used to counter the possessiveness that exists in the mind in regards to an investment. This is a masking medium used in suggestiveness posting working on the subconscious minds of the readers.
Suggest: 1 a obsolete: to seek to influence: seduce b: to call forth :evoke c : to mention or imply as a possibility <suggested that he might bring his family> d : to propose as desirable or fitting <suggest a stroll> e : to offer for consideration or as a hypothesis <suggest a solution to a problem>
2 a : to call to mind by thought or association <the explosion... suggested sabotage -- F. L. Paxson> b : to serve as a motive or inspiration for <a play suggested by a historic incident>
Suggester: synonyms - SUGGEST, IMPLY, HINT, INTIMATE, INSINUATE, mean to convey an idea indirectly. SUGGEST may stress putting into the mind by association of ideas, awakening of a desire, or initiating a train of thought <a film title that suggests its subject matter>, IMPLY is close to SUGGEST: but may indicate a more definite or logical relation of the unexpressed idea to the expressed <measures implying that bankruptcy was imminent>. HINT implies the use of slight or remote suggestion with a minimum of overt statement <hinted that she might have a job lined up>. INTIMATE stresses delicacy of suggestion without connoting any lack of candor <intimates that there is more to the situation than meets the eye>. INSINUATE applies to the conveying of a usually unpleasant idea in a sly underhanded manner <insinuated that there were shady dealings>. Source: Merriam-Webster OnLine Dictionary
Questions
I had a good friend recently email asking me a few questions in regards to "bashers". Here are a few of his questions. I don’t think he is the only one that asks these questions. I hope what I have written might help answering his questions and educate others.
1. "Why to bashers posting on a board all day.... Being negative...bad investment this and that … blah blah...WHY do they spend all day talking about something they hate?"
2. "Are they bored?"
3. "Are they just mad at something?"
4. "Are they paid?"
Types of Bashers/Suggesters
Basher/Suggesters are their own select breeds, most claim to be individuals with merit. Readers read they are here to help or they only want facts known so others don’t lose their money. They want the reader to think they have all the facts wanting to be the savior for everyone. Readers tend to follow the strong writer on a post board. Not many professional bashers/suggesters are weak individuals. Dominance with factual content is a key to the successful basher/suggester. Also basher/suggesters are accused of various relationships with the company or the stock. Below are ten examples why someone might be posting as the basher/suggester on a public post board. Not all fall in the category of the "Professional Basher" but they do have a motive to see a company’s stock price fluctuate.
1. They are employees that are not currently happy with the company.
2. They are x-employees that have quit or maybe fired
3. They are previous employees or employees of a company that is in some form of reorganization
4. They are competitors in some form
5. They have lost money in regards to the investment in company stock
6. They have friends that have lost money investing in the company stock
7. They are short sellers on this particular stock
8. They are related to some type of Market Making firm
9. They are paid by some unknown firm or individual to ruin the image of the company for various reasons
10. They are swing trading the moves of the stock-pumping up and bashing down
11. They are self proclaimed scam busters
The Methods
1. Compiling Data
The suggester begins by compiling a list of data prior to beginning their suggestive bashing efforts. The suggester begins the informational gathering process by searching the company’s 10K and 10QSB’ reports. This is easy for them do to through sites like Free Edgar. Within the 10K & 10QSB companies’ list all financial data pertaining to past and current situations that have affected or will effect the company’s ability to operate in the future such as current pending lawsuits. The professional suggester makes sure they have enough information to answer all questions therefore they are able to create debate style rebuttals.
Here is a normal disclaimer an abnormal disclaimer and a legal disclaimer copied out of a two different 10QSB that profession suggesters use all the time.
1. GENERAL The statements contained in this Form 10-QSB, if not historical, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and involve risks and uncertainties that could cause actual results to differ materially from the results, financial or otherwise, or other expectations described in such forward-looking statements. Any forward-looking statement or statements speak only as of the date on which such statements were made, and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statements are made or reflect the occurrence of unanticipated events. Therefore, forward-looking statements should not be relied upon as prediction of actual future results.
2. This Annual Report on Form 10-KSB includes forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended ("Forward Looking Statements"). All statements other than statements of historical fact included in this report are Forward Looking Statements. In the normal course of its business, the Company, in an effort to help keep its shareholders and the public informed about the Company's operations, may from time-to-time issue certain statements, either in writing or orally, that contain or may contain Forward-Looking Statements. Although the Company believes that the expectations reflected in such Forward Looking Statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Generally, these statements relate to business plans or strategies, projected or anticipated benefits or other consequences of such plans or strategies, past and possible future, of acquisitions and projected or anticipated benefits from acquisitions made by or to be made by the Company, or projections involving anticipated revenues, earnings, levels of capital expenditures or other aspects of operating results. All phases of the Company operations are subject to a number of uncertainties, risks and other influences, many of which are outside the control of the Company and any one of which, or a combination of which, could materially affect the results of the Company's proposed operations and whether Forward Looking Statements made by the Company ultimately prove to be accurate. Such important factors ("Important Factors") and other factors could cause actual results to differ materially from the Company's expectations are disclosed in this report. All prior and subsequent written and oral Forward Looking Statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the Important Factors described below that could cause actual results to differ materially
3.
The Company is involved in various claims and legal actions arising in the ordinary course of business. In the opinion of management, the ultimate disposition of these matters will not have a material adverse effect on the financial statements of the Company.
2. Suggestive Posting
Once all data is complied suggestive posting begins. Now that the suggester is armed for battle with all the data he can possible find they begin posting using approximately 25% fact and 75% suggestive posting. In this suggestive method of posting there are messages that subliminally effect the mind of the reader by planting doubt. The normal method of suggestive posting is to refer back to SEC registrations such as quarterly statements, earnings and lawsuits while cutting and pasting the parts the reader will find troublesome. The facts they pull from SEC records will lend credibility to their suggestions. However, they never set out a thesis. A common tactic is to highlight in bold a section and attempt to hold that you the reader must explain the highlighted section. Follow this example: Mary had a little lamb. So where’s the lamb now? They never write about the forward progress of a company this might interfere with their mission. The suggester keys in on the weakest unskilled posters that are not capable of combating their data facts. The facts a suggester uses are coordinated facts that will even bring the most intelligent posters down to his level.
3. Religious Posting
Recently a new suggester has entered the arena suggesting they are posting in the name of God to save investors from loss. This is the more pathetic suggester that uses God, holiness and sin to create doubt in investor confidence while trying to add credence to their distasteful persona. Here are a few examples taken of a Raging Bull message board posted by Mary Cummings, "...You are a sinner", "...Your souls are doomed for lying, cheating and stealing.", "...it's a sin", "By: mistress__mmmary... Mary, mother of god..." In this post the suggester Mary uses another alias, mrs_mmmary, referring herself to Mother Theresa while she complains to the Raging Bull TOS department about losing aliases she continued to make after her suspension, "They seem to count the number of tos reports and not look at the content... "Mother Theresa getting kicked by 50 slimey stock promoters and she makes one complaint? 50 slimey stock promoters making 50 complaints about a saint in their presence? Kick the saint out=less work."
Things are changing when the suggester starts to refer to themselves as a saint or a Godly individual such as Mother Theresa.
4. Multiple Alias Posting
The suggester will develop multiple aliases, possible using more then one ISP or computers to try to hide his location. They have been known to go to Libraries or Internet Coffee Shops to use computers while running their bashing onslaught on a particular company. They don’t start out with a full frontal assault on the company or it’s shareholders. This full attack is counter-productive and hurts the image the suggester needs for their credibility. Therefore they methodically work their assault into high gear. Through the multiple alias usage the suggester will stimulate discussion to build supportive rapport with the reader. During this discussion with others the suggester will joke and play on a post board with others trying to win their following. All this slowly builds the credibility of the aliases. Once the suggesters have built the rapport with the posters of a board they start their premeditated onslaught of planting doubt with suggestive posting. This normally takes place by four or five aliases dominating a board wearing down the longs. They will also use multiple aliases posting to each other building each alias up trying to show the reader they are knowledgeable about the subject supporting each other’s views. At this point many longs that are easily influenced fall right into the trap set by the basher.
5. Planting Doubt
One thing that is very important is suggesters are not there to create a fast plunge in the stock price. By planting subliminal suggestive doubt about the ability of the company to make a profit day after day the share price declines gradually. The suggester does not want a fast plunge in share price because this might focus outright intent to damage the company and could be used in a potential future lawsuit by the company. Many companies are currently filing lawsuits and the main reason is share price decline that they blame on basher/suggesters posts on message boards. Suggesting a reverse spilt in high authorized and outstanding share count companies is also a method the suggester uses to plant doubt. Many investors have witnessed companies do reverse splits when issued shares reach the authorized allowance. Many of the small companies need capitalization and issue shares for working capital or to pay down debt. The suggester will always play on the reverse split issue. This is a given for the professional basher.
The reader will also witness the use of all caps in wording. This is especially true when reading post headings. The heading of a message is the first to catch the eye of the reader. The reader does not even have to enter the post to read the entire suggestive message. The heading has already subliminally had an effect on the reader. A few examples of this method of posting are headings such as: "SELL NOW BEFORE IT IS TO LATE!", "THE CEO IS A FRAUD!", ""THIS DOG IS DEAD!", "HEADED FOR THE PINKS!", "ABOUT TO GET DELISTED!", "SELL! SELL ! SELL!", "INSIDERS ARE SELLING!", "WHO IS DOING ALL THE SELLING?!", "SOMEONE IS SELLING, WHO?". THIS STOCK WILL TANK TOMORROW!", SELL THIS DOG NOW!"
These are just a few headings you might have read while visiting your favorite stocks post board.
6. Long PR Suggestions
The suggester discourages the longs about taking the companies word on any forward projection. If the company’s forward projection history and PR's are not completed the suggester brings this subject up constantly pointing towards the inability of the company to follow through with completion of announcements contained in PRs. Then they encourage the long to call the company and question the validity of PR projection and why they are never completed. Many of these PRs contain acquisitions intents or other forward projections. The suggester also encourages the long to ask about other issues such as reverse splits. If the company is questionable the suggester will post company phone numbers until longs are habitually bombarding the company with calls about PRs and why there is no follow through on other announcements. The basher knows many longs will not call a company and will just sell after others report in post what they are told or what they were not told.
7. Use Hypesters for Fuel
All post boards have the hypester present just like all boards have the suggester present. The suggester looks for the hypesters on a board. They zero in and target these types of posters. They understand the enthusiasm of the hypester and when confronted they know the hypester will return posting. This allows the suggester to keep the flow of posts moving and use the hypester to their advantage. These debate style posts play right into the suggester’s needs to create a debate atmosphere on a board. This allows the suggester to post some of his factual data while he proves the hypster is mostly all hype. Remember most suggesters are very professional and you should not consider them ordinary posters. Very seldom do you read a professional suggester calling a hypester or a poster names or using profanity in their posts. But the hypester loses credibility because 100% of the time he attacks the suggester with name-calling. This name-calling by the hypester adds to the credibility of the suggester.
8. Knows When Identified
The suggesters know when a board has them identified and they need to back off. They will put up a brief fight then back off very quickly. The suggester does not leave for long. After a short hiatus, maybe an hour they are right back to posting. The poster that makes them back off the quickest is a poster that does not argue or try to do battle with the suggester. This poster will confront the suggester with logic and facts. This type of poster is easy for the suggester to identify. Under normal circumstances the basher does not even attempt to answer this type of poster. The suggester realizes this poster would only damage what he just took hours, days or weeks to accomplish while building rapport with reader.
9. Share Price
When a stock price is moving up the suggester takes his time suggesting and covering all the bad points of the company. The suggester understands the share price will hesitate as it moves up. The suggester is a professional and well versed with the understandings of market momentum and meanings such as overbought and oversold. At each hesitation point the suggester will pick up posting until the share price is considered to high to buy by longs or an overbought condition is apparent. Once the suggester thinks a turn in price to the downside starts, posting picks up again. It is common for a basher to bash a stock heavier as they move down. Every time the suggester is able to plant a little more doubt someone sells and perpetuates the selling pushing the stock price lower. Once the suggester has that down trend established he knows he has won. At every level the stock price hesitates while moving down the bashers posting frequency picks up. Also at this time the long only becomes frightened because of there loses are increasing each step of the move down. Once the oversold condition is apparent the suggester will back off and allow the longs to move a price up again. This is very true for suggesters that are playing the rolls in a stock, trading in and out of their positions. When considering share price we need to remember I wrote ten types of basher/suggesters. Not all of them want to see a company close its doors.
To summarize the above we read ten reasons why a basher/suggester would spend day after day posting on an Internet post board. The reasons consist of a very wide range from hatred towards the company to trading the company’s stock in the open market. No matter which of the ten categories the poster falls in he is still grouped into the category of the "Basher". The use of the above sub topics, Compiling Data, Suggestive Posting, Religious Posting, Multiple Alias Posting, Planting Doubt, Long Shareholder Suggestions, Use Hypesters for Fuel, Knows When Identified and Share Price listed under heading Methods gives the methods the professional will use to fulfill their objective. Once they have entered into this elite profession they have graduated from basher entering the elite classification known as the "Professional Basher".
Written by,
Hal Engel founder of willywizard.com ‘s OTCBBs and Small Cap Financial Hub
A Ton is a unit of weight equal to 2,240 pounds which is equal to (1.016 metric tons or 1,016.05 kilograms)also called long ton.
*****100 million metric tons=224,001,485,470.433 Pounds(Lbs)*****
gdb81,*****100 million metric tons of cement*****
"We are stating to our shareholders that SLJB is actively pursuing long-term contracts to provide building materials worldwide. We have secured 100 million metric tons of cement for distribution and are in negotiations with qualified buyers who have already demonstrated the ability to meet our stringent criterion for purchasing this product"
A Ton is a unit of weight equal to 2,240 pounds which is equal to (1.016 metric tons or 1,016.05 kilograms)also called long ton.
*****100 million metric tons=224,001,485,470.433 Pounds(Lbs)*****
*****You are converting 100,000,000 Tons To Pounds(Lbs)****8
*****100 million metric tons of cement*****
"We are stating to our shareholders that SLJB is actively pursuing long-term contracts to provide building materials worldwide. We have secured 100 million metric tons of cement for distribution and are in negotiations with qualified buyers who have already demonstrated the ability to meet our stringent criterion for purchasing this product"
A Ton is a unit of weight equal to 2,240 pounds which is equal to (1.016 metric tons or 1,016.05 kilograms)also called long ton.
*****100 million metric tons=224,001,485,470.433 Pounds(Lbs)*****
*****100 million metric tons of cement*****
"We are stating to our shareholders that SLJB is actively pursuing long-term contracts to provide building materials worldwide. We have secured 100 million metric tons of cement for distribution and are in negotiations with qualified buyers who have already demonstrated the ability to meet our stringent criterion for purchasing this product"
A Ton is a unit of weight equal to 2,240 pounds which is equal to (1.016 metric tons or 1,016.05 kilograms)also called long ton.
*****100 million metric tons=224,001,485,470.433 Pounds(Lbs)*****
100 million metric tons of cement
"We are stating to our shareholders that SLJB is actively pursuing long-term contracts to provide building materials worldwide. We have secured 100 million metric tons of cement for distribution and are in negotiations with qualified buyers who have already demonstrated the ability to meet our stringent criterion for purchasing this product"
A Ton is a unit of weight equal to 2,240 pounds which is equal to (1.016 metric tons or 1,016.05 kilograms)also called long ton.
Fishforbreakfast, SLJB has an office in the ME.
The PR was 9:15AM ME time!
Posted By: Airys418
Petar was the one who approached the Suljas with the deals he has going in the ME because it made sence to have them as the suppliers. Peter has about 100 million tons in allocations on cement. His projects in Abu dahbi will not start for about a year and a half.
If he doesn't use those allocations, he could lose them. So what did he do? He simply gave them to Sulja. Basically, he awarded those allocations to Sulja, which gives us the opportunity to make $1.00 per metric ton. He doesn't make a dime, it's all ours. He knows Sulja can sell 100 million tons in a year with the ME deals by going through the people he knows in the region. When he needs the allocations for the beginning of his projects, he can get them from Sulja. In other words, what's good for Kore is good for Sulja.
Hang on, more to come...
"We are stating to our shareholders that SLJB is actively pursuing long-term contracts to provide building materials worldwide. We have secured 100 million metric tons of cement for distribution and are in negotiations with qualified buyers who have already demonstrated the ability to meet our stringent criterion for purchasing this product"
SLJB Assures Shareholders That Tall-Order Distribution Contracts Remain a Viable Focus of the Company
The Directors of SLJB wish to convey the following:
"We are stating to our shareholders that SLJB is actively pursuing long-term contracts to provide building materials worldwide. We have secured 100 million metric tons of cement for distribution and are in negotiations with qualified buyers who have already demonstrated the ability to meet our stringent criterion for purchasing this product"
I truly wonder if something is about to turnaround cuz the accumulation going on for some time now is obvious at least to me.
I hope it means there will be a great catalyst coming cuz this kind of accumulation sometimes is people buying in advance who know something.
This would trade differently without this accumulation.
It is clear the steady steady volume shows consistent interest in taking a position here imo.
Who are these people?
The guy on the left side is David Keaveney, President and CEO of MSEM.
coloradotransplant, given the business plan, possible contracts, what are the guesstimates for this stock?
With news EDXC should break .06 this week imo.
Endexx Corp Daily Prices
Date Open High Low Close Volume
11/27/06 0.020 0.020 0.017 0.017 110,000
11/28/06 0.017 0.026 0.017 0.024 1,215,000
11/29/06 0.023 0.040 0.022 0.030 681,100
11/30/06 0.034 0.040 0.034 0.035 307,500
12/01/06 0.036 0.036 0.035 0.035 260,000
I've been feeling for awhile that ENDEXX was ready to breakout.
I personally believe that the past week was very bullish.
Next week should be great for EDXC.
If I can free up some dry powder, I'm buying more shares.
Wessal International President Ahmed Khalil Al-Muslmani
"The potential of Sulja Bros. in the Middle East is phenomenal. We believe that the parent company would be better suited to manage the investor relations and promotion of this entity in our region. Therefore, we are happy to announce this new venture." He also stated: "We will move quickly and efficiently to ensure that we claim our portion of the revenues from all the construction that is happening in this region. We are certain that this will enhance confidence for everyone involved with Sulja as well as Wessal International."
Read what the president of Wessal says about Sulja:
http://newsblaze.com/story/2006072610380100001.mwir/topstory.html
http://newsblaze.com/story/2006080319535600001.mwir/topstory.html
Wessal's president buying 25% of the company
http://biz.yahoo.com/iw/060808/0151824.html
Investors in Sulja Bros Building Supplies (SLJB)PK are contemplating two things:
1.A possible buyout at a premium by Emaar
2.Audited results from internationally known KPMG and Price Waterhouse auditors.
Double Heads Up!
Good time to average down, no doubt about that!
There are three varieties of idiots in the market you're likely to encounter during your trading career.
Contemplating the above truth from the great site of Despair, I thought I'd give you a heads up, so you can avoid these laggards in the great Darwinian race. You see, social success is not so different from trading success: you ride your winners and dump your losers. And, trust me, these three are not ones you want to ride:
1) Idiot #1: The True Believer - You've probably encountered at least one of these dolts during your market sojourns. They are the ones who have figured out the answer to the market. Not an answer, mind you. *The* answer. It usually is some kind of numerological or astrological scheme, and it is always a hidden secret. Unfortunately, True Believers don't seem content with keeping their knowledge hidden. They're always after you to "unlock the mysteries" of the market by sharing in their discoveries. A surprising number of True Believers are also True Bears, which means that they're forever predicting the end of the financial universe as we know it. They predicted it in 1980, 1990, 2000, and they're still predicting it. And when the market rallies and proves them wrong? Well, that just means the bubble is getting even bigger and the implosion of the universe will be even more profound. My take on True Believers? This is not investing or trading; it's cultism. And true believers are at the point where they *have* to believe, or they'd come face to face with the awful realization of the utter waste of time and money their beliefs have brought, as the Dow has risen from 775 to over 12,000 within a 25-year period.
2) Idiot #2: The Gambler - This is the "I'm-giving-up-my-job-to-become-a-trader-because-I-don't-like-working-9-to-5" idiot. Observe that this bottom-dwelling resident of the phylogenetic scale is not giving up his job because he's had success at trading. He's also not giving up his career because he so loves trading that he researches it day or night and has found a winning edge. No, The Gambler doesn't do anything beyond 9-to-5, because what he's after are easy riches, not effort and earned success. He hears that others have been successful (usually from Idiot #3), and he figures, "That means I can do it too". Invariably, the Gambler is attracted to daytrading. Why? It gives him a sense of action, and it justifies his decision to abandon all efforts at productive work. Besides, you can't really explain to your wife and kids why you're not out there with working humanity supporting your household when you're sitting around doing nothing, holding positions for weeks at a time. So the Gambler actively trades in and out of markets, pretends like he’s got a job, and every so often berates his spouse when she wonders when the family will be able to pay its bills. My take on Gamblers? They're not interested in trading; they're interested in their fantasy. So interested that they'll take their bank accounts and families down with them.
3) Idiot #3: The Self Promoter - It's easy to find the Self-Promoters. By their very nature, they're in your face hawking their wares, lauding their recent market calls, and promising easy trading success. Open any trading magazine and you'll see their well-coiffed, grinning idiot faces leering at you, usually as part of a trading "event" that just happens to be selling all their products. The key to recognizing Self-Promoters is that they promote themselves, not ideas or methods. Indeed, a substantial number of them don't trade. Those include the "Trading Coaches" who promise to improve your confidence, but offer no concrete trading guidance that you could ever feel confident in. They also include the "Gurus" who tout simple chart patterns and indicators, carefully avoiding any possible objective testing of their wonderful setups. Self-Promoters never talk about how hard it is to achieve trading success; that would not sell well, especially among The Gamblers. Instead, they borrow their pitches from the "no money down" real estate guys and tell you how easy it will be to succeed with no capital. My take on Self Promoters? I don't mind people who deceive others; they're merely dishonest. It's the ones that deceive themselves that frighten me. That's when dishonesty becomes delusion.
So there you have it: a rogue's gallery of trading idiots. Once you tune your mind to this threefold taxonomy, you'll have no problems at all recognizing them within moments of their opening their mouths. And, if you want to be happy, you'll follow the advice of literary critic Dorothy Parker and not toss these idiots aside lightly. Rather, you'll hurl them with great force.
Blog Links and Market Stats for Today
posted by Brett Steenbarger, Ph.D. @ 6:33
"To those select few" PLEASE READ
"I am holding ALL my shares too"!CaesarStone
Posted by: brentjanice
Date:11/26/2006 1:13:57 AM
To those select few,
When the stock went down from approx. .09-.10 range to below .02 and then up to close to .03 recently I thought that there was going to be a lapse in the amount of posts on SLJB board pro and con because many had exited the stock with losses, some had bought in at lower prices and now I see an increase in the number of new aliases and others that are bashing the stock board and trying to distract those who have held all this time.
If this is a scam as some say then please by all means let us go down with the ship. If this is not a scam by all means let us go up with the ship.
We are adults here and do not need continuous new posters trying to help us or old posters saying this is a scam.
It will prove itself out and does not need anyone helping to push it one way or another.
How about we agree to disagree and you people that keep bashing move on to another board. Us longs will stay here and ride the ship until it sinks or continues to float.
Yes I know....you told us so....you told us so...you told us so... Fine YOU TOLD US SO....and we are acting very adult, mature and not attacking you for the clothes you dress in, the political stance you take, your views on world peace, your take on global warming, your take on dried cat food, your take on gold fish swallowing contest, karaoke singing, bagpipe playing, etc. etc.
You get my drift. We will ride the wave so to speak and enjoy the ride. I can afford to lose all my money that I invested here. I am old enough to take it like a man and get up early tomorrow or next week still thanking the Lord for everything he has given me and the great family I have.
Come on give it a rest will ya. I have the majority of you on iggy anyway and your just not worth my time. Your not worth others time here as you care nothing about anyone but yourself.
Let it rest. A sleeping dog and all. Quit trying to pull the dogs tail. Go out and hunt some elk or deer or play a video game. Get some perspective on life besides a stock chat board.
Stop reading my post as they get too long and really are not for those who do not own the stock other than this post.
If you don't own the stock then you really could get a job at 7-11 or Home Depot. I do need help when I come into Home Depot to know more about buying odds and ends and most of you here would be great at knowing about odds and ends because you sure don't know about SLJB or you would have bought shares or own shares or been here long before the falling prices sell.
I am going to bed now so please don't ring my door bell, send a hidden message in my newspaper, call my phone, tell my neighbor to tell me its a scam. Sneak up to my mayor in town and have him tell me to sell my stock.
fdjr, Sulja Bros. builds design centre
8/27/2006
DUBAI: Sulja Bros. Building Supplies Ltd. of the UK is building a design depot for higher end products and fixtures to supply the builders and developers in Dubai. "With input from Middle Eastern contractors and developers, we are building a central location to supply the projects in Dubai.
The design depot is located in the city of Dubai," said Wessel International President Ahmed Khalil Al Muslmani. "The design depot will contain the high-end materials needed to complete our resort project and the Dubai projects. The store will also be available to competing contractors. Our depot will contain the internal building materials such as marble and granite for countertops and floors.
High end lighting and kitchen fixtures will be used for project interiors. The finest flooring materials will be shipped through our supply chain to the design depot," he said. "The design depot will increase our market share of products shipped to the Middle East. The Dubai location is perfect to maximize the revenues and net profit on our projects." The same model will be implemented in three North American cities, to be named at a later date.
fdjr, Please clarify your opinion
November 20, 2006, Sulayem for more cement imports
BY OUR BUSINESS BUREAU
UAE is encouraging cement importation to push the market prices lower and meet demand in the construction industry, a senior official of Dubai Ports Authorities said.
"We are encouraging cement importation to the UAE, because the market price at present is high and as with all fair trade markets, we do not want to enforce price restrictions," Dubai Ports Authority (DPA) and Nakheel Chairman Sultan Bin Sulayem said.
According to a Middle East Economic Digest (Meed) report, US-based Sulja Bros. Building Supplies Ltd is seeking a listing on the Dubai International Financial Exchange.
A spokesperson said: "Recent deals have generated great interest in Sulja Bros. Building Supplies Ltd. We are now working with one of the largest investment banking firms to complete the listing of Sulja Bros. on the Dubai International Financial Exchange."
CEO Steve Sulja stated: "Our recent dealings in the Gulf region have greatly attracted the attention of the regional investors. We are very excited and working diligently to provide these savvy investors with a Dubai listing. We warmly welcome the Middle Eastern investors to the Sulja family of shareholders and look forward to even further expansion in this and other regions."
The UAE faces a shortage in the cement production industry by about five million tonnes per year, forcing it to import cement to facilitate the needs of the construction industry, the Meed report said.
A Sulja spokesperson stated, "We are currently receiving numerous requests for cement in the Dubai region and we are aggressively working to meet our client's needs."
Moreover, CEO Sulja said, "We conservatively expect the sale of the cement in Dubai to reach $180 million over the next twelve months. Furthermore we are negotiating a continuous and competitive supplier of structural steel. Another product in short supply in the region."
fdjr13,What's the deceiving part?
Sulja builds design depot
BY OUR BUSINESS BUREAU
WINDSOR-BASED Sulja Bros. Building Supplies Ltd. announced on Saturday that the company is building a design depot for higher end products and fixtures to supply the builders and developers in Dubai.
"With input from Middle Eastern contractors and developers, we are building a central location to supply the projects in Dubai.
"The design depot is located in the city of Dubai," said Wessel International President Ahmed Khalil Al Muslmani.
"The design depot will increase our market share of products shipped to the Middle East.
"The Dubai location is perfect to maximize the revenues and net profit on our projects", said the US based firm's president in an interview.
The same type of model will be implemented in three North American cities, to
be named at a later date.
November 20, 2006, Sulayem for more cement imports
BY OUR BUSINESS BUREAU
UAE is encouraging cement importation to push the market prices lower and meet demand in the construction industry, a senior official of Dubai Ports Authorities said.
"We are encouraging cement importation to the UAE, because the market price at present is high and as with all fair trade markets, we do not want to enforce price restrictions," Dubai Ports Authority (DPA) and Nakheel Chairman Sultan Bin Sulayem said.
According to a Middle East Economic Digest (Meed) report, US-based Sulja Bros. Building Supplies Ltd is seeking a listing on the Dubai International Financial Exchange.
A spokesperson said: "Recent deals have generated great interest in Sulja Bros. Building Supplies Ltd. We are now working with one of the largest investment banking firms to complete the listing of Sulja Bros. on the Dubai International Financial Exchange."
CEO Steve Sulja stated: "Our recent dealings in the Gulf region have greatly attracted the attention of the regional investors. We are very excited and working diligently to provide these savvy investors with a Dubai listing. We warmly welcome the Middle Eastern investors to the Sulja family of shareholders and look forward to even further expansion in this and other regions."
The UAE faces a shortage in the cement production industry by about five million tonnes per year, forcing it to import cement to facilitate the needs of the construction industry, the Meed report said.
A Sulja spokesperson stated, "We are currently receiving numerous requests for cement in the Dubai region and we are aggressively working to meet our client's needs."
Moreover, CEO Sulja said, "We conservatively expect the sale of the cement in Dubai to reach $180 million over the next twelve months. Furthermore we are negotiating a continuous and competitive supplier of structural steel. Another product in short supply in the region."
asus,What's your take on this post?
Wessal...
http://www.dpm.ae/discoverdubai/econ_cont.asp?id=96360
sandbath,ALL THAT MATTERS IS WHAT HAPPENS NEXT
Everybody has to decide for themselves what fits the best.
I would guess that many of the shareholders in SLJB are carrying alot of emotional baggage that comes from having invested at higher levels.
If you're down 50%-80% or more on a stock, it is hard to detach yourself from the past and treat the potential forward upside as a thing unto itself.
But that's what you need to do in order to make rational decisions.
No matter what price you paid for your SLJB stock, you need to forget what that price was.
All that matters is what the price is Thanksgiving, how much money you have in the stock, and whether or not the investment fits your risk profile for that money.
It doesn't matter whether you're down, up or at a break even.
Some people can operate that way, and some can't.
That's part of the reason why you see the different sentiments expressed by the shareholders.
Some are disgusted, and they vent.
Some are in denial that their investment has gone south, and they still optimisticly post away.
Others, though, realize that although they may be down, it doesn't matter, and they have let go of the money they have lost (and it most probably is lost, even though you haven't sold).
REPOST allinone
Let the truth be told! I said this over a week ago! Exclusive supplier with all the necessary licensing for UAE and other Middle East projects!
Yesterday evening, I LITTERALLY TALKED WITH JOHN SULJIA, formerly the owner of Suljia Bros. in Harrow Ontario, the location of Suljia Bros.!!! I also visited the site in Windsor Ontario, as well.
Here are my oppinions and discoveries. Please do not take any of my oppinions as facts, but I DO have some FACTS, which can be supported...
first: Pictures of both Suljia locations can be found at this **** site: http://sukkadukkadhamma.********.com/2006/08/****-spot_26.html
I arrived at the Windsor location after it had closed. And to tell the truth when I saw the place my stomach sank. I wasn't impressed at all. The office was closed, but I was lucky enough to see a guy in back behind the place unloading his equipment. I asked him a few questions, but he didn't seem to know to much. He simply said he was an "employee" and that the office in Windsor was primarily for sales in Windsor and Southwestern Ontario. I asked him if he "owned any stocks in the company," and he said "no." I then made a remark about the many "projects," that were ongoing in Dubai, and he replied "that's what they tell us..."
The Windsor location is very unremarkable, a small office/shop probably no more than 5,000 sq ft., the large "parking" area to the rear of the place was empty.
In Harrow Ontario, the home of Suljia Bros., where the "real business is located," (and where I was fortunate enough to talk briefly to John Suljia) is a whole other ball-park.
John had owned the business for over 18 years,(started it from scratch) and has been in the roofing/constuction business for most of his life. Although, I did not ask his age he looks ready for retirement, which he did "two to three weeks ago," when he "sold the business!" AND he still owns 5% of the stock! When I asked if that was of the original shares, or the now outstanding shares he said he could not comment. I also learned that he has four sons that also own 5% of the stock! I asked if they each owned 5% or if in total they owned 5%, he said (furtively) that he did not know and that his accountant would have all that information...
I commented on the projects in Dubai, as well as the growing need for lumber in the Middle-East to complete the undergoing projects -as well as the projects in Germany. He mentioned to me that "they also need cement." I then mentioned how very convienient is was for Wessal to buy a small Canadian co. to get necessary liscences for high quality building supplies from Canada. He smiled and noded, but made no verbal acknowledgement. I'm guessing again, he could manke no comments. Lastly, I asked him if he was going to hold on to his remaining shares for a while. To which he replied, that he "would see what would happen in the next year or so," adding that "nothing happens overnight." His sons, apparently, are "still part of the company," but he could not say what part they were playing.
IMHO: The Harrow site and the talk I had with John Suljia has re-affirmed my faith in this company. I'm under the impression that Core dumpped some money in his lap that he could not refuse for a very comfortable retirement. As well, the possibility that his son's will be the benifactors of greater financial rewards for all the hard work he put into his business over the years also, makes him happy.
One question I did not ask John was how many employees there were, combined with Loftwerks and Suljia. I'm guessing that Suljia has no more than 30 employees between the office/shop in Windsor, and the Harrow location. The guy I spoke with in Windsor said there were usually three crews (probably two to a crew), and several office personelle. Who knows how many own stock?
Maybe sometime soon I'll take a trip to Detroit to get a clearer picture on the Loftwerks situation...
Please check out the pictures I've taken on the **** site mentioned earlier. Any further questions I can be e-mailed at robert.hefner*sympatico.ca
GLTA.
Wessal International's President Ahmed Khalil Al-Muslmani stated:
"We are pleased to see Petar running the company. He has orchestrated numerous deals around the globe. Now that we have 100% of his time, we can swiftly close the remaining negotiations and pursue larger opportunities in the Middle East region."
Sulja Bros. Building Supplies Ltd. Announces the Chief Executive Officer and Chairman
Thursday September 7, 12:53 pm ET
WINDSOR, ON--(MARKET WIRE)--Sep 7, 2006 -- Sulja Bros. Building Supplies Ltd. (Other OTC:SLJB.PK - News) spokesperson announced Petar Vucicevich is now the CEO of Sulja Bros. Building Supplies Ltd.
ADVERTISEMENT
CEO Petar Vucicevich stated: "The general public seems to disagree with our choices of Management; the board has decided that it would be in the best interest of the corporation that I now take on the position of CEO. I respectfully ask that myself and my staff not be disturbed during this transitional period. I will be posting a statement on the Sulja Bros. website, by the end of today. My thanks goes to Mr. Khan, and I would like to make it clear that this action in no way is a reflection of his qualifications, or his ability to run this company. The decision was made by the board to dispel any concerns that our shareholders may have in regards to the management and future direction of the corporation. This corporation will be judged simply through our efforts and our successes, and only by these means will the share price be affected. I also want to make it clear that we are in no way responsible for any fax or email spam blitzes that have been circulating and ask that if anyone has any information regarding this to forward the same to info@suljabros.com. We take this matter very seriously and our legal department will deal with it swiftly."
Mr. Khan has agreed to stay on with us and will aid in facilitating our deals in Dubai. We will not be removing the people that are responsible for helping our company grow in the Middle East.
SLJB Press Releases from 07/31/06:
07/31/06--Sulja Bros. Building Supplies to Release positive Financials:
http://biz.yahoo.com/iw/060731/0149160.html
08/02/06--Sulja Bros. Building Supplies Increases Market Share of Construction Projects in Middle East
http://biz.yahoo.com/iw/060802/0150076.html
08/02/06--Sulja Bros. Building Supplies Releases Revenue Details of Construction Projects in Middle East
http://biz.yahoo.com/iw/060802/0150158.html
08/03/06--Sulja Bros. Building Supplies, Ltd. Seeks Listing on the Dubai International Financial Exchange
http://biz.yahoo.com/iw/060803/0150680.html
08/03/06--Sulja Bros. Building Supplies, Ltd. Receives Investment Capital and Releases Financial Information
http://biz.yahoo.com/iw/060803/0150839.html
08/04/06--Sulja Bros. Building Supplies, Ltd. Releases Financial Information
http://biz.yahoo.com/iw/060804/0150802.html
08/08/06--Sulja Bros. Building Supplies Ltd. -- Wessal International Is Purchasing 25% of Sulja Brothers
http://biz.yahoo.com/iw/060808/0151824.html
08/0906--Sulja Bros. Building Supplies, Ltd. (SLJB.PK) Releases Pro Forma for 2007
http://biz.yahoo.com/iw/060809/0152278.html
08/11/06--Sulja Bros. Building Supplies, Ltd. (SLJB.PK) Announces Cement Distribution in Dubai
http://biz.yahoo.com/iw/060811/0153192.html
08/11/06--Sulja Bros. Building Supplies, Ltd. Releases Asset Transfer Update
http://biz.yahoo.com/iw/060811/0153252.html
08/17/06--Sulja Bros. Building Supplies Negotiates Acquisition of Lumber Mill
http://biz.yahoo.com/iw/060817/0155101.html
08/21/06--Sulja Bros. Building Supplies Receives Favorable Coverage in the Middle East
http://biz.yahoo.com/iw/060821/0155900.html
08/22/06--Sulja Bros. Building Supplies Releases Share Structure
http://biz.yahoo.com/iw/060822/0156321.html
08/23/06--Sulja Bros. Building Supplies Completes Asset Transfer
http://biz.yahoo.com/iw/060823/0156815.html
08/24/06--Sulja Bros. Building Supplies Receives Initial Coverage From Knobias
http://biz.yahoo.com/iw/060824/0157143.html
08/25/06--Sulja Bros. Building Supplies Builds a Design Depot in Dubai
http://biz.yahoo.com/iw/060825/0157478.html
09/05/06--Sulja Bros. Building Supplies Ltd. -- Announces Closing of Abu Dhabi Cement Contract
http://biz.yahoo.com/iw/060905/0159912.html
09/07/06--Sulja Bros. Building Supplies Ltd. Announces the Chief Executive Officer and Chairman
http://biz.yahoo.com/iw/060907/0160925.html
09/07/06--Steve Sulja, Outgoing CEO of Sulja Bros. Building Supplies Ltd., Announces Decision to Step Down in Favour of New CEO
http://biz.yahoo.com/iw/060907/0160985.html
09/13/06--Sulja Bros. Building Supplies Ltd. CEO Petar Vucicevich Updates Shareholders
http://biz.yahoo.com/iw/060913/0162725.html
09/25/06--Sulja Bros. Building Supplies Ltd. Releases Update on Audit
http://biz.yahoo.com/iw/060925/0166450.html
10/11/06--SLJB Acquires SAM Building Materials: $6M/Yr. Revenues From Regional Market Share Brought on Immediately
http://biz.yahoo.com/iw/061010/0170994.html
10/16/06--Sulja Announces Opening of New Retail Store in East Windsor/Tecumseh
http://biz.yahoo.com/iw/061016/0173041.html
10/25/06--Sulja Bros. Building Supplies Ltd. Announces Today That the Board of Directors Has Reviewed the Financials
http://biz.yahoo.com/iw/061025/0176601.html
11/03/06--SLJB Sets Release Date of Audited Financials: November 15, 2006
Deadline Called by Board... "If Not Sooner"
http://biz.yahoo.com/iw/061103/0180192.html
SLJB-COMPANY OVERVIEW...Well over 450 COMMERCIAL ACCTS.
Company Profile
Sulja Bros. is large distributor of building materials and wood products
including concrete, robotic truss manufaturing, lumber mills, and construction
management in the Canada, U.S.A., Middle East, Germany, and the Gulf
Region. They are rapidly expanding and gaining market share in North America
and the Middle Eastern markets.
With roots going back to 1987, Sulja Bros. Building Supplies Ltd. is a publicly held
retail distributor of building materials, industrial and hardwood products, and other
specialty products. We are one of the largest distributors in south-west Ontario and
south-east Michigan.Whether you're looking for hardwood or softwood lumber, boards,
structural panels, engineered panels, engineered lumber, hardware, or composite
products, Sulja Bros. Building Supply people are and able to meet the needs of our clients.
We are experts in purchasing, sales, marketing, production, distribution, transportation, and
logistics and can source products around the world. And our logistics expertise in transportation
means that we deliver your product when and where you need them.
Sulja softwood lumber export license,
Active Company EICB Numbers
http://www.dfait-maeci.gc.ca/eicb/softwood/active_company-en.asp
Company: SULJA BROS. BUILDING SUPPLIES
Province: Ontario
EICB#: 448863
1170 Erie Rd
Harrow ON N0R 1G0
TEL: 519 738-2881
FAX: 519 738-9079
DUNS Number: 24-783-5283
John Sulja, President
http://suljabros.com/
misterbull,Taylor Investments
"Joseph Taylor, vice president of Panasonic Corp. of North America, is among executives from more than a dozen other U.S. units of foreign companies that are descending on Capitol Hill to warn against erecting new hurdles to investment from abroad after the Dubai Ports World controversy".
Reuters
Foreign subsidiaries to caution U.S. lawmakers
By Susan Cornwell
April 25, 2006
WASHINGTON, April 25 (Reuters) - Born in Atlantic City and raised in Pennsylvania, a senior Panasonic executive will show Congress the American face of foreign investment this week and urge lawmakers not to scare away foreign bids for U.S. assets.
Joseph Taylor, vice president of Panasonic Corp. of North America, is among executives from more than a dozen other U.S. units of foreign companies that are descending on Capitol Hill to warn against erecting new hurdles to investment from abroad after the Dubai Ports World controversy.
Panasonic, based in Secaucus, New Jersey, is a wholly owned subsidiary of Japan's Matsushita Electric Industrial Co. Ltd. <6752.T>. But, Taylor declared: "We're not foreign."
"We have American faces, an American employee base, we pay U.S. taxes," he told Reuters in a telephone interview. "We have roughly 10,000 employees in the United States. All but maybe 200 or 300 are Americans."
The executives are worried about a new atmosphere on Capitol Hill after the Dubai ports saga, in which a state-owned Arab company agreed to unwind its purchase of major U.S. port operations after an uproar from U.S. lawmakers who said they were worried about national security.
Now legislation is emerging to tighten rules on government reviews of foreign purchases of U.S. assets.
Executives visiting Congress on Thursday will caution lawmakers not to overreact and restrict foreign takeovers. The lobbying was organized by the Organization for International Investment, a Washington-based business association.
"It's an election year, and nothing feels better than keeping America safe and secure," said Georg Budenbender, president of E.ON North America Inc. The unit of the large German power and gas company E.ON AG <EONG.DE> owns utilities in Kentucky.
"But what is really happening?" Budenbender said he would ask U.S. lawmakers. "Are you keeping investment dollars out of your district? Keeping job growth down?"
This year, E.ON invested nearly $1 billion in new U.S. power generation equipment, said Budenbender, a U.S. citizen who was born in Germany.
PENDING LEGISLATION
A bill requiring the government to be stricter in vetting foreign deals has passed the Senate Banking Committee.
House lawmakers such as Missouri Republican Rep. Roy Blunt are working on a similar bill. On Thursday, a House subcommittee will hold a hearing on how the interagency Committee on Foreign Investments in the United States reviews proposed foreign takeovers.
A major concern is that U.S. government reviews of foreign acquisitions, now mostly limited to 30 days, will be extended for too long, the business executives say. Under the Senate legislation, reviews could be stretched beyond three months.
"Time is costly," Taylor said. "With the investment process more complicated for foreign companies, they may decide to invest their money elsewhere."
The rate of spending by foreign companies had slowed before the Dubai ports deal. The U.S. Commerce Department says U.S. capital spending by affiliates of nonbank foreign companies fell to $108 billion in 2004 from $122 billion in 2001.
The details of the pending legislation are crucial, the U.S. subsidiaries of foreign firms say. They worry, for example, how broadly the U.S. government will define "critical infrastructure." The Senate bill would mandate longer reviews of takeovers involving critical infrastructure if there is a demonstrated national security concern.
A more drastic bill already introduced in the House and awaiting a hearing would force foreign companies to sell holdings in any U.S. infrastructure the government deems critical to the economy or national security.
"You have to ask yourself, what will be considered critical infrastructure?" Budenbender said. "What will be added to that list in the future? We are in the energy business. What does that entail if we are contemplating another investment here?"
Even Panasonic, which makes a variety of electronic products, worries about the definition of critical infrastructure, Taylor said. "We supply storage devices in your laptop ... We produce components that go onto a circuit board ... At some point, something (we make) would have to be included."
© Reuters 2006. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.
janniebgood,Emaar Properties mandates Citigroup to arrange US$1 billion debut Islamic facility
Global real estate major Emaar Properties has appointed Citigroup as lead manager and sole arranger of its debut US$1 billion Musharaka Islamic syndication.
* United Arab Emirates: Thursday, November 16 - 2006 at 14:16
* PRESS RELEASE
Dedicated Emaar Properties PJSC RSS feed Emaar Properties PJSC RSS feed
1. Emaar signs MoU to develop Libyan special zone
2. Emaar energises Syrian economy with customer-centric projects
3. Emaar launches Nuran Serviced Residences with opening of Nuran Al Majara at Dubai Marina
4. Emaar's Hayya! Club launches co-branded VISA credit card with Mashreqbank PSC
5. Emaar joins hands with three institutions to offer easy finance on homes
more Emaar Properties PJSC news
The five-year facility will primarily be used to finance the Emaar's large-scale international projects and complete its multibillion projects in the UAE.
The syndicated Musharaka facility is the first debt issue for Emaar in terms of size and scope, and will be instrumental in meeting the company's growth needs in the near future. Moreover, this pioneering transaction is crucial for reinforcing Emaar's ties with global and regional financial powerhouses. A number of them are joining in as Mandated Lead Arrangers including National Bank of Abu Dhabi, Union National Bank, First Gulf Bank, HSBC, Mashreq Bank, ABN Amro and Royal Bank of Scotland. Furthermore, several other financial institutions are anticipated to participate in the syndication.
'This facility underscores our resolve to achieve our Vision 2010 of becoming one of the most valuable companies in the world through focused expansion and diversification internationally,' said Mr Mohamed Ali Alabbar, Chairman, Emaar Properties.
'This medium-term fund is to meet the working capital requirements in developing infrastructure in our key areas of growth - in the UAE and internationally. Emaar's international growth plans have been effectively charted out to mitigate performance, construction and distribution risks through strategic joint venture partnerships, alliances and acquisitions.'
Mr Alabbar added: 'Working with top players in the field of global Islamic finance further enhances our position in the capital markets. Citigroup's long expertise in this field and unmatched global network match our aspiration for a truly global financial partner with the right distribution capabilities.'
Mohammed Al-Shroogi, Corporate and Investment Banking Head for the Middle East and Chairman of Citi Islamic Investment Bank, said: 'We are proud to play the role of lead manager and sole arranger of this landmark facility on behalf of Emaar Properties, the award-winning international developer. Through Citi Islamic Investment Bank, Citigroup has been a leading arranger of Islamic financing and we are honored to enhance Emaar's profile in this rapidly growing financial market.'
Mohsin Nathani, Chief Executive and Managing Director for Citi Islamic Investment Bank, said: 'This facility underlines Emaar's growing status among top financial institutions as a world-class developer and a premium borrower. It also fits within our stated objective to grow our Islamic banking franchise in the Gulf and Asia Pacific region and to introduce a suite of products and services that cater to the growing needs of top corporate clients with global agendas.'
Emaar Properties, one of the world's largest real estate companies, is listed on the Dubai Financial Market and is part of the Dow Jones Arabia Titans Index. The company is developing the landmark US$20 billion Downtown Burj Dubai project in Dubai, which has at its epicenter Burj Dubai, the tallest tower in the world when completed in 2008.
As part of its expansion plans, Emaar has unveiled projects in Saudi Arabia, Egypt, Morocco, Tunisia, Turkey, Syria, Jordan, Pakistan and India. Emaar has also announced diversification initiatives into education, hospitality, healthcare and retail. Recently, Emaar acquired John Laing Homes, America's second largest privately held homebuilder; Hamptons International, UK's premier international realtor; and Raffles Campus, Singapore's premier educational provider.
Citigroup has been present in the Arab World for nearly fifty years and continues to view the region as critical to its global franchise. It is currently present in nine Arab countries: Egypt, UAE, Lebanon, Jordan, Tunisia, Morocco, Algeria, Bahrain and Kuwait. It also serves clients in non-presence countries, such as Saudi Arabia, Yemen, Qatar and Oman through Bahrain.
Emaar already bought John Laing homes in California
1.And needs building supplies to furnish its growth, and of particular interest is its US growth through newly acquired John Laing Home Builders a large California based builder.
2.The versatility of SLJB is its ability to supply both the US and Middle East with building supplies due to its strategic locations and in-place supply arrangemenets with countries around the world.
CS
Possible BUYOUT by Emaar?
Investors in Sulja Bros Building Supplies (SLJB)PK are contemplating two things:
1.A possible buyout at a premium by Emaar
2.A delay in stamped audited results from internationally known KPMG and Price Waterhouse auditors.
Possible or Impossible?
CS
pilot, Story from Reuters
Posted: Thu Nov 16, 2006 9:32 am Post subject: Possible BUYOUT by Emaar ? Reuters:Citigroup finances Emaar
--------------------------------------------------------------------------------
http://today.reuters.com/news/articleinvesting.aspx?type=bondsNews&storyID=2006-11-16T123727Z_01....
Taylor Investments:
SLJB audit delay linked to a possible buyout? According to Reuter’s news source Emaar obtains CitiGroup $1 BILLION dollar financing for property and building expansion abroad.
Emaar already bought John Laing homes in California and needs building supplies to furnish its growth, and of particular interest is its US growth through newly acquired John Laing Home Builders a large California based builder. As a back door entry play, investors are buying up shares of Sulja Bros Building Supplies which has been a supplier for Emaar Properties construction projects and other projects in the middle east. The versatility of SLJB is its ability to supply both the US and Middle East with building supplies due to its strategic locations and in-place supply arrangemenets with countries around the world.
Investors in Sulja Bros Building Supplies (SLJB)PK are contemplating two things: A possible buyout at a premium by Emaar and a delay in stamped audited results from internationally known KPMG and Price Waterhouse auditors.
Sulja already posted and announced its in-house auditor’s results for year end 2006 which was in May 2006 as being net earnings (pre-tax) of over $26 million dollars or .052 cents per share. The stock is currently trading at only a multiple of around 2x those earnings until the KPMG stamp is announced and more is known about the buyout possibility by Emaar.
Reuters news source report dated today 11/16/06:
UAE news source report 11/16/06:
http://www.ameinfo.com/102154.html
http://today.reuters.com/news/articleinvesting.aspx?type=bondsNews&storyID=2006-11-16T123727Z_01....
Illusionist PetarV unveils latest stunt
Fri Nov 17, 3:04 PM ET
Russian/Canadian magician PetarV will try to escape from shackles after spending two days in a spinning gyroscope suspended above TNiagara Falls next week, the illusionist said Friday, unveiling his latest stunt.
On Monday, PetarV will be locked spread eagle into the gyroscope, which will then be hoisted 15 metres (50 feet) into the air and spun at up to eight revolutions a minute until Thursday, when he will try to escape.
To avoid any problematic calls of nature, PetarV will not eat or drink for as long as it takes to empty his system.
Earlier this year, Petar spent a week in a water-filled sphere in an abortive challenge that was supposed to culminate with him holding his breath for a record nine minutes.
He was pulled from the globe after seven minutes when he appeared to struggle while removing chains around his hands and feet. He said Friday the experience had shaken his confidence.
"Slightly. One hundred percent slightly," he joked.
The latest challenge was dreamed up by retail giant Target and the Salvation Army, who will give 100 needy children a shopping spree when the stunt is over and the Thanksgiving Day sales begin on Friday.
The children get the prize whether or not PetarV makes it.
PetarV said one of his biggest concerns in the challenge, besides not eating or drinking, would be dizziness.
"Just to make it more difficult on myself, I added a motor (to the gyroscope), so even when I'm sleeping there'll be continuous movement. ... I think I'm going to have to stay awake the whole time," he said.
"This one's exciting for me. This one's a fun one," he said.
The gyroscope will also leave Petar exposed to the elements, with the performer saying that he only hoped it wouldn't rain or snow while he dangles above a vacant lot near Niagara Falls.
At a publicity event Friday, PetarV was hoisted up in the air by a construction crane, holding onto a metal hook by one hand several metres in the air as he spoke to reporters.
"After this test, I'm a little bit nervous," he said.
Petar previously spent 44 days without eating while suspended in a glass box above London's River Thames in 2005.
Other PetarV stunts have included being encased in ice for nearly 62 hours and spending 35 hours standing on a 30-meter (100-foot) pillar.
jake8812,12ring, "Merger with a much larger company"
Posted by 12ring
"For those of us who understand, no explanation is necessary.
For those of us who do NOT understand, no explanation is possible."
Merger with a much larger company.
1) Someone "bought out" Sulja Bros, and spent some money doing so.I don't think PV himself did that, tho I may be wrong. I personally do not know his overall financial situation.
2) Wessal has publically stated that they were purchasing 25% of SLJB on the open market. Why, if it is a "nowhere penny stock"?
3) Wessal has "loaned" sulja $25m also. Again, why?
4) It has been stated time and again how much of a "player, dealmaker" PV, A.K.A. "black Pete" is. He knows what the Sulja export license is worth, as do those with large money and many building projects on line to complete (and build in the future) in the AE and around the globe. I think he was in the right position at the right time, and set up not only the Sulja buyout but the upcoming merger with a much larger corp as well. He will of course get his substantial cut, plus make money on whatever shares he holds.
5) This sticks in my craw too--IF PV was scamming this, I do not see him worrying about posting a statement depicting a delay in the middle of the night. I firmly believe he is not the top puppetmaster at this point.
6) I think we will see the AF's before the bell. I also think we will see alot more than that too in the coming days.
sandbath, JMHO
The MMs have not been aware that this stock is not like most other OTC stocks that will pop and then fall back, garanteeing them high profits from the spread and from the ups and downs.
Many of them, with NITE on the top, have sold more shares than they had into the run, they have sold short. MMs do this with the expectation to drive the price down later and then cover their shorts at a lower price, which means a profit for them.
Selling short without borrowing shares from someone else (which is what MMs regularly do to provide liquidity to the market in case of spontaneous high buying interest) is called naked short selling. While naked short selling creates fake shares that tend to inflate the sharecount and thus is generally not legal (similar to the issuance of uncovered checques or printing false banknotes), it is legal for MMs if they meet certain restrictions.
Normally these naked shorts are covered (eliminated) during the course of the trading day, often even within seconds.
But remember, shares from a naked short sale exist only on the tape that is printed when a trade is executed. To become real, they would have to be delivered to the brokers account. This is not done physically, but of course fake shares cannot be delivered even virtually. They exceed the outstanding share and thus do not exist. If a naked short sale cannot be covered, the shorter fails to deliver.
But when the buying pressure continues as it will in SLJB, there is a temptation for the MMs to delay the coverage of their naked shorts and to continue short selling. In our case the buying pressure remained strong, the price rose and the shorters had no possibility to cover at a lower price. About 600 million shares have been traded in this period whereof approximately 20 - 40 million may have been sold short.
Now it is important to know that clearing brokers must close out any fail-to-deliver position that has remained for 13 consecutive settlement days.
This forces the short sellers to cover within this timeframe.
At this point bashers come into action. People "predict" that the run is over. Others "predict" that the stock will rise up to 40 cents and then retract. They hope that people will cautiously sell their shares before that happens, thus bringing the pps down to where the MMs want it to cover their naked shorts.
One way to cover is buying shares in the open market, thus competing with the investors and traders and driving the price up. Although some MMs will try to manipulate the ask and create selling pressure, they will succeed only for a short period.
Another way to cover the naked shorts (which must be done) is to transform them into regular shorts by borrowing the same number of shares from brokers who keep them in their clients accounts. This would give the naked shorters time to breathe and wait for the next occasion to drive the pps down and cover their (now regular) shorts.
But SEC has made a rule prohibiting a broker-dealer from failing-to-deliver, or lending securities to prevent a fail to deliver, on a sale that is marked long .
Thus if a client has posted a 'long' sale above the actual market price for his shares these shares are not available for lending and thus cannot be used to cover the naked shorts.
Very bad for those MMs who have a big naked short position. They will have to buy shares in the open market instead of lending them, otherwise they will "fail to deliver".
Such a "failure to deliver" initiates a chain reaction, because brokers are not allowed to lend shares from so called "threshold securities" lists, i.e. stocks that have substantial settlement failures. Once it gets hard to lend these stocks they may not be lent at all anymore, whether they are locked in a "long" sale or not.
The short seller will have to buy the shares at market price and if we hold our shares, it's we who determine the price.
Thus, whether you have bought your shares earlier or right now, the best thing to do is lock them against lending by issuing a sell order at a high price. The minimum should be $0.60 if you just want to flip them, and we may see this price very soon. But don't expect SLJB to stop here and you may regret to have sold so early. The potential is huge, well over $1 early next year... If you want to hold long term, you may expect $5 next year.
The actual short squeeze will drive the price higher very fast, but the momentum will not be over when the shorts are covered. All that is happening right now happened without bigger news and SLJB is still in the initial phase of its buildout.
This management is not only very experienced in its core business, but it has proved to know and respect what shareholders want. Often start ups in the pennies issue a lot of shares in the beginning to finance their growth and they end up bad because they to issue too many shares while the price is too low. They sell out their potential too early.
Expect major news before the end of this month and see the pps run more. Thus be patient, don't sell too low.