Why no af's, the only rational explanation to look at for excessive silence is a very ugly situation

Be smart. Gambling money only.

sam

Zackihub,

I am guessing you are wrong on one thing. If Peter could have met the promise, he would have.

I think reality is he can't, Steve can't, nobody can. With time, how much time nobody knows.

That is the number one mantra

VERY little is really known

Conservatively, hope for the best and expect the worst.

sam

This can be halted.

The biggest negative to attacking bashers is it encourages the mentality to not listen to negatives.

No one can rationally say there are no negatives, so why should no posts be negative?

Reasons this can be halted is first:

1. SEC certainly does halts

2. this stock is getting massive attention

3. for sure I will bet SEC has gotten many complaints

4. my belief is SEC could ask for evidence of audits being done and middle eastern connections

Also financials could be posted before market opens today.

Invest/GAMBLE with eyes wide open

sam

So questions:

is there ever a valid business reason other than scam to keep private o/s for a time and what % of time valid, < 1%?

also can one find out first who TA handles and throw out multiple requests for companies to see if TA handles all the same?

sam

Rrufff,

I saw a response to you that was close enough to my thinking. Also, you have thought this way too long to be open-minded is my thinking.

I think you are plain wrong about posts on SLJB. Even if shorts are all over SLJB, it would be a waste of money to hire bashers currently.

The company whether due to scam or some other reason that can only be conjectured has left many people feeling betrayed, screwed, bitter ...

A good portion of those people are posting and being labelled as bashers.

I have read message boards long enough to also believe that personal attacks are more frequently used by blind pumpers than by bashers, although both do it.

Even though you have taken up a crusade against shorts and bashers, I think you are doing a disservice to investors by giving more weight to that than what the company is doing.

The only legitimate weapon against shorts and bashers (if they are a legitimate concern) is with facts about the company. Right now the company has only one questionable positive that people can rally around, growth in Canada.

The growth in Canada is questionable though due to lack of information I think. How did Sams get paid for and how much? Other words, are Canadian operations bursting with glowing health, could be but no room for trust.

sam

also scams would be much harder to pull off if the quality of fellow investors was better

sam

Jim,

I am starting to think one significant reason there is so little justice in the pinky world :

people on these boards when there is crystal-clear reason for concern are not willing to focus on the company as the cause.

I would think if all people were ever in agreement on viewing what happened: ie SLJB

the SEC would be bombarded with the truth about companies and would be more effective

sam

Jim,

Why would Rrufff post this?

"We don't have any proof as you know. But we do have an extensive multiple aliasss crew working the boards around the clock, saying nothing of substance, merely slinging allegations and claiming "proof."

I'm not defending the company for its delays and errors, which are numerous. But we should all keep in mind that the paid basher crew has 2 goals

1) To steal shares cheaply from weak hands

2) To generate enough interest to get a trading halt. That's why they try to compare SLJB to CSHD, which involved claims such as "colonization of the moon." "

sam

Can one believe in a better regulated future as long as gags are allowed?

sam

pennyjunkie,

That is the big question.

Conservatively lots of assuming middle east is not true, leaving the big question can one fall back on sulja operations that are known to exist in canada?

SAMS expansion etc.. gives one room to hope that the company is growing.

Terms of acquisition though are not known I believe.

Conservatively, one can't trust the company. That is enough reason to stay away.

sam

best of all posts, agreed!

equally important to missed deadline is the heavy silence from steve and petar on the direct question.

How can one logically trust these 2 men when they are avoiding letting shareholders know what is behind the holdup? They are hiding.

'Slight delay stuff, no problem' was a red flag before date-certain.

Maybe they are working their butts off, but they do not deserve trust.

sam

great disclosure statement

Is a 10 days suspension more than anything else just a warning to the more wise?

I should think for a pinksheet after 10 days, trading resumes on pinksheet so not quite the same as otc and nasdaq dropping to a lower exchange.

If suspension it would make more sense to require clarifications if needed to the public about state of the company through prs before allowing further trading.

sam

steve versus petar,

Regardless of what one thinks about the two if Petar could have put out audited financials that sent this to the stratosphere, chances are very high he would have.

If Petar could not put out afs at time of resignation that were positive anyway relative to current price, logically Steve is not going to be able to either.

To sum up if there are financials, we don't what the scoop is but if Steve is a better guy, he is still bound by the same problems Petar was facing.

sam

it is not that a person can't necessarily trade either

SEC is not in the position to cart people away to jail fast enough or reliably enough. Traders correctly understand that.

I learned the hard way.

sam

I agree that SEC should move fast on this. I don't say necessarily halt. How about a phone call about we are coming to see the financials you have in the next 2 days. When is convenient in that timeframe? Also please be ready to show documentation of middle eastern ties, contacts, etc..

If the newspaper article speeds up the SEC in any fashion, which I don't know about, great.

I don't expect SEC to always be responsible, but they did right by CSHD.

sam

No, I am not living full-time on the sljb board.

sam

Jalapeno,

I think the Nowauto group ripped off the public without the SEC taking the slightest interest. Is that the way that one finished?

sam

Bleep,

Key point I have learned through too much negative experience with the non-filers is to take attitude 90% of companies are not sincere.

If one is very sharp to know the rules of winning, maybe this game can be done diligently but for most sensible people which I am striving to become:

put most focus on nasdaq.

sam

Captain America,

What shocked me is how the board in general stepped up DD after the fact, I was hoping a lot of smart people good at DD had looked harder before.

DD is not easy.

Petar (the no-nonsense professional as described by Steve and himself) ran things beautifully if a scam. Stated when he came on board essentially that DD was not in anybody's interest.

sam

If indeed it is a scam, you have to admire the way Petar convinced the board DD was not in their self-interest and then boldly and with measure marched everybody off a cliff with the date-certain.

That is admire while becoming poorer.

sam

Jim, I am curious what tou you are accused of within SLJB.

sam

Jim,

Why do you put money in story stocks? Is it just because you enjoy the drama or do you consider it financially a good thing to do if you know how to play the game?

I define investing a game when no more than 50% touching the stock can hope to come out ahead.

sam

Technicals on SLJB have a place.

If as some people still hope that this is the stock of the century in the plus column, the price weakness and heavy volume should be troubling.

sam

talkingmuley,

I have reached a slightly different conclusion.

I believe at this point that probably 90% of non-filing companies are not sincere.

Because Steve and Petar (regardless of what the truth is) together were very convincing, before should have been treated 50/50.

Now I believe about 1/2 of 1% chance that both were completely truthful.

So under that thinking, should one spin the wheel on Sulja as being worth more than current market cap?

sam

Wessal existing is not enough anyway. Everything about middle east needs to be exactly true or where do you separate truth from lie?

sam

Well Jim, I have learned the hard way as I usually do that to the best of my experience most non-filers are not trustworthy.

Beyond that, the saddest thing about sljb is how much the board reminds me of CSHD board.

I give SLJB some benefit of the doubt. It is a real company with undetermined worth suitable for lottery type money at this point.

I guess 90% of non-filers are not sincere. Sad that swift and sure justice is not the rule.

sam

Whistles,

Next to it seems the mgmnt of Sulja being shameful is list of people who focus on all the following irrelevant:

1) newspaper
2) so called bashers which is labeling anyway
3) shorts

bashing either deserves merit or not per post, like any other post

sam

I think it is hard to believe a ceo would say audits are in hand when they are not going to be released.

Lesson learned is regardless of outcome on this stock>

no matter how many people are watching and doing dd, no matter how convincing a ceo is, don't put too much money on a non-filer

possible type exception would be a verifiable contract with a blue-chip or government

sam

the attempt to separate Steve from being part of the mess is just plain iffy.

If, by the way, Steve stepped down because he became suspicious, he set us up for believing Petar by giving Petar a hearty endorsement on stepping down (then he would only be quasi innocent at best)

If he stepped down because Petar requested he step down, then perhaps he truly did not know.

sam

Think carefully about quickness of drop:

1. first hour on 11/16 biggest damage was inspired by newspaper article

2. after Petar's rebuttal in early afternoon, biggest damage until tues am was rebuttal was entirely improper and shameful in light of what was needed from Petar combined with the 4:00 am statement was most probably an intentional lie

3. appears Wessal was not buying or any other sign that middle east is interested in this

sam

Phone call to Steve's wife:

I still have to wonder if that was the cause for the change versus the 5 days of meetings.

I contend it was scummy to wait until Tuesday morning for Steve's announcement. The stock would never have dropped to .011 at close on Monday if Monday before market open announcement had come.

This is just such an impossible situation to guess about.

sam

Jbgoodtrader,

I agree with all your points except I think I am going to devote in the future the vast majority of my effort towards nasdaq and higher cap stocks.

sam

Pop-a-top/very shocking,

There are several things shocking about this whole story.

For one, I am shocked that the most serious dd by the board as a whole did not start until after 11/15.

I am poor at dd but I had been hoping with the vast attention this stock got all along, that until 11/15 came and showed as a bunch everybody was caught with such inadequate dd.

Part of it was though because we were tricked by Petar when he signed on as ceo. My guess is the $350 million canceled deal story was a false story to convince people to stop trying to learn about the middle east and to be patient and wait for AFs. If so these people were brilliant and very tricky and very scary.

Our money though should have been placed more carefully before Petar came on the scene, promises mean nothing in pinkieland.

From now on the motto should be for pinkies, casino money only

sam

Thanks but I am levelheaded only during the times I am levelheaded unfortunately

sam

Correct conservative position. There is more than just bad judgement by Petar happening. We have no truth to go by. Just Sulja operations in North America with an unproven value.

.03 stock means $15 million cap, that is pretty high for unproven fiasco pinkie, could be worth it, we don't know

sam

I agree must have AFs but maybe only to prove to SEC PR was not a lie. I think you could go to jail for fraud or should anyway if no afs can be shown. If they are wrong, show it to SEC if they come calling but don't file it perhaps.

PR in that case should state the audits were no good and go from there.

sam

I would not base any hunch on trading price if anyone is. Obviously trading price from one day to another doesn't always give a good signal. Was .01 a good signal? Was .20 a good signal?

sam

net income prediction:

First I think Wassal was a lie because of stock trading pattern, unless the truth was told and Wassal never started its buy at all, highly unlikely.

If north america operations $10 mil net income as stockhog pulled from unaudited, then why would Petar commit blatant lies about middle east to endanger, ie jail time.

Middle east may be a lie. Why do if you can less dangerously collect some off $10 mil?

So much mystery. I suggest look for lower like $2 million net income.

sam

Question for Rawnoc,

By technicals I believe your approach is if news comes out that should cause a stock to rise multiple fold to a new level and it does not, you look hard at the fishy factor.

If a blue chip appeared undervalued based on the news, investors still might be very wary but the nature of the beast is less risky.

Sulja is clearly risk. All companies until they file financials are clearly risk. Sulja still has not filed.

Will you ever put a large position of funds ie more than 2-3% on a company that has not filed?

sam