I agree. Triple bottom bounce shows both strong hands and strong stock. I'm still researching but obviously this has more going for it then just a short squeeze play.

Looks to me like it's at the bottom. Might be jumping on this tomorrow. If the TA's right then this has a lot of potential.

200M-300M. The PR said minumum of 15M.

Sounds good on the surface. Two negatives pop out at me:

1. When and why did Wessal sale? Did they sell before the big downslide? Did they know more than we did? Did they really want 25% ownership and then change their minds or was this an easy way for them to raise some money?

2. How did they only pay 500,000 for Sams when Sams was said to be making six million a year? Was the six million gross sales? (it would almost have to be unless they were outright lieing). If so, what were Sams net profits?

On the positive note, even if net revenue is only one cent PPS if you can prove an ME contract which goes a long ways to demonstrating growth then you should have a PE of at least 20 so the share price could be at least .20

All IMHO

Hey 1millionfl I see you're in this. Any projections on how high it could go?

(For you newbies 1millionfl nailed PAIV almost to the penny.)

I'm looking into this one and I have to agree that the float appears to be gone. Any positive news or short covering could send this much higher.



"btw, judging from the RSI and the wm%, i'd say this has bottomed as much as it is going to. just a wild guess, but it looks like most of hte float is tied up and we just need some buying pressure."

It appears that the low volume with the increase in PPS indicates a lack of available shares out there. Float must be real low or in very strong hands now.

Englehard makes platinum bars. Price is currently $1185 an ounce.

O/S 1.6 million
A/S 24 million

Please note the following from OTC Bulletin:


"Presently isn't engaged in any significant business activities and has no operations. Principal activity has been to investigate potential acquisitions".






OTCBB Company Profile
GMHB - GOURMET HERB GROWERS INC Click here to order Full Report

Gourmet Herb Growers, Inc.
311 South State Street
Suite 440
Salt Lake City, UT 84111
United States

Phone: 801-531-0066



Thomas G. Kimble, CEO
SIC Number: 6719
Fiscal Year End: 12-31
Industry: Conglomerates
Transfer Agent: Interwest Transfer Company Inc
CIK: 1059885



Market Maker List

Share Data

--------------------------------------------------------------------------------

Authorized Outstanding
Date Shares Source Date Shares Source
03/09/2005 24,000,000 10KSB 06/30/2006 1,600,000 MGFS


Business Summary

--------------------------------------------------------------------------------

Presently isn't engaged in any significant business activities and has no operations. Principal activity has been to investigate potential acquisitions.



Symbol

--------------------------------------------------------------------------------

Symbol Name Expiration Date
GMHB Gourmet Herb Growers Inc

GMHBE Gourmet Herb Growers Inc 11/18/1999
GMHB Gourmet Herb Growers Inc 11/05/1999



Management

--------------------------------------------------------------------------------

Name Title
Rino Di Meo PR/SEC/TR/DIR
Brenda White BO
Melissa Epperson BO

Gourmet Herb Growers Inc. Announces Signing of Letter of Intent

SALT LAKE CITY -- Gourmet Herb Growers Inc. (OTCBB:GMHB) announced today that it has entered into a Letter of Intent to engage in a reverse-merger with NewSight Corp., a privately held corporation with its principal headquarters located in New York City and with subsidiary offices in Jena, Germany; see www.newsight.com.

The proposed merger is subject to numerous conditions and will involve a change in stockholder control of GMHB, change of management, change of corporate name, change of corporate headquarters and other significant matters. The proposed merger is expected to involve a 4.5625 to 1 forward stock split of the currently outstanding shares of common stock of GMHB. Subject to the conditions precedent, including certain funding requirements, the merger is proposed to be completed in the next couple of months.

NewSight Corp. is a world pioneer in dynamic visual solutions in the media, advertising and technology industries. NewSight consists of NewSight Media Solutions, which markets customizable, retail-based narrowcast networks of 2D and 3D digital displays which fulfill the demand for high impact and dynamic visibility in the retail world. Newsight also operates Newsight Technologies, which offers unique and proprietary glasses-free 3D TV technology and its exclusive autostereoscopic 3D for commercial applications in many industries. NewSight introduced the world's largest 3D media projection display in the form of a 180-inch wall at the 2005 World Exposition in Aichi, Japan. Newsight's unique technologies are supported by many U.S. and global patents.

This release includes forward-looking statements. Such statements involve risks and uncertainties which could cause actual results to differ materially from those set forth herein.

COPYRIGHT 2006 Business Wire
COPYRIGHT 2006 Gale Group

I'd like to add that 25 years ago I worked at a construction supply place. The store was about 2000 sq ft, the yard with the lumber and larger supplies was about five acres. There were two 2 1/2 ton delivery trucks and two forklifts. Averaged about six to eight employees at any given time. The owner was clearing about five million a year. So it's not hard for me to see this company making what it claims when it has two truss manufacturing facilities and the supply stores.

FYI Millionaires club was only 2 off of the 15 millionth post. Closest one on SLJB.

Interesting day. Anyone want to sum up what's gone on?

Having Steve back on board brings confidence that the Sulja assets are still with the company. I'd like to know if Petar transferred any of those assets to Kore and if that was the reason for the delay of AFs. Seems obvious Friday's 4 EST PR was intended to keep the PPS from dropping more than 50% for two days in a row thus triggering an SEC investigation. If we still have what Steve stated months ago this could all turn out good.

If the assets of the Sulja Bros company are in the SLJB shell and they are what Steve has stated before then this company will still be worth a minimum of .03 PPS.

Also the Emaar contract person stated that supplies would be purchased by subcontractors so it's not surprising that they haven't heard of them.

Sorry Stock H.O.G. can't buy that. You look at one of the biggest scams of the year, run by a CEO named Rufus and he named all sorts of who's who people to validate his claims and investors used the same argument but when all was said and done most of the named people had not heard of the company or only vaguely aware of it.

OT: Fema actually states in it's advisory to everyone that it could take the Federal Government five days to respond to an emergency. I heard someone on the radio say that Federal Funds to reinforce the levies for years have been diverted to other construction projects which relatives of those in charge of the state profited from. If the news media was really doing it's job those people would have been exposed and brought down.

Well, you forced me to do some DD on Mercury and yes indeed the retrograde did end last night. The spookiest part was that the web site I looked it up on said it ended in your namesake, Scorpio. Now if a black cat named Pete can just cross my path with the two month old financials I'll be set.

I remember Petar saying that Sulja was only supplying materials for the $645 Million hotel deal too.

Shizohu, Party was an insider because of the amount of shares he owned. There is no evidence of anything else. Had I bought my shares two months earlier with the same amount of money I would have been considered an insider too.

Excellent point. Petar's attire is totally in vogue over in Europe. And as many have pointed out Petar is not the company and by his own words we will soon have a new CEO.

Doesn't Bill Gates look like a nerdy teenager? LOL

If you go back to Sept 05 PRs you'll find a PR that stated Loftwerks and consultech were going to merger. Then it changed to merger with Sulja which was called a branch of consultech and Petar later said that consultech would complete the merger once the stock had gone to a higher exchange. He said the people behind consultech did not want to be associated with a pinky status.

Doc, you found another picture of Petar! LOL

Thanks binzur. Good to have them all back.

My take on things.

What we have been able to verify through multiple shareholders is that Sulja has warehouses, two truss manufacturing companies, lumber export licence, builders licence in Mississippi, and the purchase of Sam's building supply. Assuming no one has cooked the books and are square with what they have stated, these assets and the income from them are worth a book value of more than .03 PPS. If this company has contracts in Mississippi and the original loftwerks projects and can show potential for future contracts then a 20 P/E multiplier is possible putting this company at .60 PPS or more. I deliberately left out the ME contracts and projects as no one has 100% verified them to my knowledge.


The four missed deadlines by Petar is very disturbing. I know some are pointing out that the PR did not say AM or PM, but PM was definitely implied since they did not say something like 4 AM Monday. I would like to point out that Petar has stated in the past that he did not want to be the CEO and expected to step aside in six months. I say good riddance. He may be a good deal maker but as a figure head for Sulja he has blown it too many times. This isn't the first time a good, profitable company has been brought down by mismanagement but they still have the doors open, still making money. As long as that's going on there's hope this stock will recover.

Because of statements that Petar made about not wanting to be CEO I have wondered about who is behind all this? Who put Petar in as CEO? What is their grand vision for the future? Petar made an offhand remark about Sulja being the next Home Depot. Was this the intention all along...to grow a building supply store into a franchise? Is Sulja trying to capture the market from the source of raw materials to the end user thus eliminating the middle man? This company has a lot of potential, the only thing that has changed is the CEO has missed multiple self-imposed deadlines and we still don't have the AFs.

I've read all the conspiracy theories as to who could have profited from what's happened the last two days. If Petar did lie about everything and all of it is a scam then it is one of the worst run scams I've seen. Rufus was able to take a stock from less than .10 to 4.00 on what he said. Petar could have said and done this a lot different to make the PPS go higher if this was a total scam. I'm therefore inclined to believe that this is not a total scam but I wouldn't be surprised if there wasn't massive manipulation going on. The fact that over 200 million shares were traded in two days shows, I believe, that there's a lot more shares out there than there should be.

Final note: I hope the paperwork that Petar has been working on is the appointment of a competent CEO with the vision to grow this company. The Af's would be nice too. GLTA!

All of the above is in my humble honest opinion.

Yeah.....and all thoz guyz r mabillionaires too.

Hey Serfdom! Let's hope the paperwork is the appointment of a new CEO who knows how to read a calendar. But with the luck of the last two days it's probably just necessary toilet paper work. LOL

Still here and (amazingly?) green. Just barely.

Lots of theories out there. Petar could have cut a deal with the MMs to delay the AFs and they'll help him later with the stock price. Petar and gang could have shorted their own stock and created the situation to profit from it. BB penny haven has a thread that says they think it's a hedge fund raid to gather up as many shares as possible. Or he may have been told by his lawyers that in light of the Windsor article that they needed to go over the AFs again to make certain everything was okay. I just hope we can get through this and recover to a good PPS. If the companies in Canada are profitable as several people including employees have stated and you throw in the Sam purchase the book value should still be above .03 PPS. So we should be trading at a multiple above that.

They probably sold at market so the MMs tossed them a penny a share. LOL

Steve's brother was the stock trader. As far as I know Steve did not sell out.

Didn't they tell you? The interview took place on Oct 31st. Petar was getting ready for a Halloween party, he was going as scarface. LOL

Qwikley, look at post 171395. Email and info there.

Sounds good. If you can get 1millionfl and partysasquatch on board you'ld have your 15%

The problem with Pro Forma numbers is that they typically do not include one time purchases like land or equipment. So you could have good pro forma numbers which the company uses to say "this is how a normal year would be" and still have a bad financial because of the extra one time costs.

Hey Fish, feeling much the same way. I too, encouraged people when I could. My discouragement started with today's PR. Why a PR and not the AFs? Why aren't the AFs out now? Not sure what I'll do with this yet. Had such high hopes that this would be the big one.

Thanks for the update rookinvestor. This certainly has been a circus today.

I suspect Wessal is thanking people too.

Sorry c a You only get FEMA cards if the disaster occurs in the United States. This is a Canadian problem. LOL

I agree. If they took the time to release another PR explaining the gossip then why didn't they take the time to release the AFs as promised?