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sandbag, I gave my opinion
What is yours?
IS NITE Shorting SLJB?
NITE is the real enemy of SLJB shareholders imo.
sandbath,Blame who you wish
You're entitled to your opinion.
Bottom line - it didn't get done.
Do you shoot the soldiers when you lose the battle?
Or do you hang the General?
Delete yesterday's post.
CS
Lebed's Email
PYPR's earnings have only been out for 45 minutes!!!!!
Everybody will be reading the earnings and talking about PYPR tonight!!!!!
I predict we will break 1 penny tomorrow and take off!!!!!
Once again... PYPR's net income this quarter of $3,642,556 on an annualized basis is $14,570,224. You give PYPR a P/E of 20 and get a market cap of $291,404,480. Divide it by the shares outstanding of 5.63 billion and you get a price per share of $0.05.
Remember never to make investment decisions based on what I say. I am only telling you my opinion based on the information that is publicly available to me. In no way do I recommend buying PYPR stock. You could lose all of your money in this stock. I am not making any target prices and I may sell my stock at any time.
snips,Anyone with a clue would be buying now.
NITE will be on the bid for weeks even when they appear on the Ask.
NITE has the most to fear since so many shares are held in Ameritrade Scottrade accounts.
NITE traders are already milking the grapevine making inquiries as to what is going on.
Why? Because they crapping a brick right now. They will need to deliver fully authenticated MILLIONS and MILLIONS of shares for delivery for the first time on any stock they've handled in a long time.
What you see going on with trading the last few days are the first few signs of trouble for the MMs. I know it. I want all of you to know it too.
I kept accumulating and have held every darn share up to now. So much for thinking people are pumping and dumping.
I expect a mega December to be delivered by this company.
They have been working feverishly to put the pieces together.
Sell now and be sorry. This is the ultimate accumulation opportunity.
With the one authentic short squeeze in play, any buying pressure puts the kibosh on the MMs.
With a killer PR week looming, they will be bludgeoned by buy orders and unable to safely sit on the Ask shorting into buying pressure.
So many SJLB shareholders on sitting on a powderkeg on the verge of blowing the MMs out of the water and some of you don't even know it.
Now you know.
Braden,I'm looking for new 52 week highs next week
It is completely rational to expect news to be piling up and for there to be wave of PRs ready to push the stock to new highs and support levels.
The present evidence is there is heck of alot more strength in this stock than may have appeared a few days ago to someone unfamiliar with the trends we have seen since this was under two cents a share.
NITE CANNOT GATHER UP THE SHARES THEY NEED. In other words, they are frustrated. They have been the bid this week. They have gotten some shares. BUT THEY HAVE TO FILL ORDERS FOR THEIR BROKERAGE CLIENTS TOO while they are covering their short positions.
So as much as they were benefitting by blocking the stock from going up for a while and getting some shares artificially cheap, they still have to maintain liquidity when Ameritrade clients put in buy orders.
So they are competing with others for those shares they really want and need for their own inventory reconciliation. And there were certainly a good handful of decent sized holdings liquidated the past two weeks, probably in order to go off and play with other penny stocks.
So today I will look to see some competition again for shares. And I expect there will be at least a few savvy retail buyers who understand the dam is about to break for SLJB again and we now set to establish higher highs and higher support levels.
I think the rest of December will probably turn into a blizzard of PRs and if that is what happens, today is your accumulation day. I kind of doubt the company would let next week open without a strong PR and that is why I think they may chill on today and are just getting their ducks in a row to make a big push forward as a company and as a stock.
PLEASE READ THIS BEFORE CONSIDERING SELLING
NITE is absolutely in the hole right now, selling will only serve to drop the price lower, HOLD your shares strong and/or BUY more if you can...
NITE has to cover all of the shares he is short, most likely somewhere between 20-40 million shares! There is a massive squeeze coming, holding strong now will result in a bigger squeeze and a bigger run by next week.
When the AF are released and you sold you are out in the cold because NITE and other short MMs will be forced to begin covering.
HOLD FAST PEOPLE, THIS IS OUR STOCK AND OUR MONEY, DON'T LET NITE'S GAMES CONFUSE YOU.
HIS SHORT POSITION IS MASSIVE AND HOLDING NOW ONLY MAKES HIM SQUIRM ALL THE MORE!!!!
verylongonmfy's, PYPR Shareholders
When shareholders are sitting on massive massive profits beyond any profits they've ever before enjoyed, a different kind of animal is employed.
Sometimes the slightest d/t causes irrational reactions because on paper their profits seem to suddenly evaporate & all of a sudden their exuberance is replaced with undue regret! The fact is that we need to endure pullbacks if we want to maintain the health of this uptrend...
The fact is that long term the potential growth here is amazing & if you're concerned at all with the daily market shananigans you should either sell or just turn off your computer & come back next year!
If you want the gold you gotta hold...it takes strong conviction & intestinal fortitude to sit on massive profits & stay the course for much more. GLTY
tradingismylife,PYPR A Long-Term Investment
"It has been said many times by others that you only need one, two, or three good stocks in a single lifetime to make all the money you need.
PYPR is potentially one of those stocks...a 100X-500X long-term investment for those who perservere" imo.
verylongonmfys,PYPR A LIFECHANGING STOCK
Posted by: verylongonmfys
In reply to: Tradingismylife
Last year, I had originally $25,000 tied up in PYPR at $0.002's average thinking I had found the bottom, just before a massive sell-off. ... wasn't a happy camper when my $25,000 was worth $1,200 at $0.0001!.. Tried many times to buy 30 Million more at $0.0001 but could never fill. Didn't buy at $0.0003 because I didn't want to see it fall back to $0.0001 again...Took the plunge and added over 20 more million shares in high supersubpenny range, traded some along the way.
Awesome, Unbelievable, Investment!
So where does your foresight see PYPR in 1-2 years?
GLTY,
CS
Not sorry now for having 34 Million shares now! I am seeing pennies with this one!!!!
PYPR A Long-Term Investment
"Look at the long term potential of PYPR.
The contracts coming is in...LONG TERM GROWTH!"
"It has been said many times by others that you only need one, two, or three good stocks in a single lifetime to make all the money you need.
PYPR is potentially one of those stocks...a 100X-500X long-term investment for those who perservere imo.
Best Regards,
CaesarStone
DO NOT Capitulate to Financial Terrorists
Remember, these criminals want your shares.
Do not be a sucker.
Hang tight. Be strong. Reap the rewards.
But do not facilitate their agenda.
DR, ZORKA BS is IRRELEVANT imo.
Why this week is important and why you should keep next week in your sights
Every time the MMs drop the sp in the morning they cannot prevent people from buying at the new low of the day they've created.
The problem for the MMs is that when they drop it enough they still can't get the shares they really want because they create bargains for buyers who step in.
Remember, even as the MMs stall and keep a price down, they are still obligated to fill orders. So when they drop it, they still find themselves competing for shares because there are few sellers.
They want shares and they are about to run out of time.
By next week I do not think there can be the same strategy deployed as effectively.
If you do believe the AF's are coming then you'd also understand there are stages to that effect and that the stages are not over.
Keep your eyes on the ball to see where there is a shift in trading behavior because I think that is just around the corner.
Hold everything tight right now and let this play out. It is just a matter of a little time and patience.
The bottom is in.
In fact, we are artificially low and the true bottom is likely about to be considerably up soon.
The upside is very real. The company is obviously chock full of development and news we have yet to see.
Let it progress naturally and we'll be seeing excellent results for SLJB's share price.
SLJB will run at a moment's notice
And when it does there is going to be little resistance.
There is no significant inventory.
Level II is a ghost town above the current price with a clear run in the thirties and beyond.
The four MMs sitting on the Ask are not selling beaucoup inventory they accumulated.
Some of them are still being wise guys and filling orders by shorting.
There is no way they would have kept this down to accumulate and then readily give up the shares they fought so hard for the past two weeks in order to sell them for a 1-2 cent profit. Nope...
They are short and as so many recognize sometimes when they are short, they keep shorting.
They only time that ultimately works for the MMs is when they keep dumping onto a doggie stock.
When you have a keeper like SLJB, you just watch them stall and wait for them to give up when new buying pressure comes out.
I expect the company knows December is the waiting game and probably will do what they have to do to increase investor awareness of SLJB since they have so much to advertise about the progress now and in the near future.
When more people learn about SLJB and invest and the volume starts to kick up again (just a couple million more will do the trick and that will be here soon) and we're going up easily.jmho
Third quarter presents a mixed bag
http://archive.gulfnews.com/business/Markets/10081746.html
11/10/2006 11:35 PM | By Arif Sharif, Staff Reporter
Dubai: UAE companies posted mixed results in the third quarter but top firms like property heavyweight Emaar and phone company etisalat met market expectations by unveiling robust profits.
Banks were hurt by a decline in stock market and IPO-related income, but analysts said underlying earnings were strong after stripping out the impact of investment in shares.
Corporate profits could improve in October-December helped by a seasonal upswing, possibly an improving share market and the continuation of current growth.
"The results of the large caps were mostly healthy, especially Emaar and etisalat, which met expectations. Some of the results showed the impact of the slowing capital market," said Walid Shihabi, head of research at investment bank Shuaa Capital.
Several UAE banks, insurance and even cement companies have large investments in shares and made strong gains last year from a market boom. But this year's market dip and nearly flat prices in July-September hit earnings.
Banks, which had a windfall last year from lending for IPOs, were also hurt by fewer issues this year.
Only one was floated in the period, the Dh910 million offering of shipping firm Gulf Navigation Holding which was oversubscribed 3.5 times, poor by UAE standards.
Still, results of top firms were robust. Emaar, the UAE's biggest company by market value, met market expectations by unveiling a 35.2 per cent rise in quarterly profit to Dh1.6 billion.
But its shares slid in the days after the results as investors worried over the sharp drop in operating profit margin to 43 per cent in the quarter from 50.3 per cent in the year ago.
Ahmad Gad, an analyst at brokerage EFG-Hermes, said in a results report the decline in margin was expected owing to greater proportion of low margin property sales compared to raw land sales.
The consolidation of earnings of John Laing Homes, the US home builder which it acquired on June 1, into its results also reduced margins.
Gad said Emaar's revenues and operating margins will improve in the fourth quarter when construction of Burj Dubai reaches the 20 per cent benchmark or when customers pay up at least 20 per cent.
Emirates Telecommunications Corp or etisalat reported a 42.8 per cent rise in third quarter profit to Dh1.59 billion helped by robust mobile subscriber additions and improved operating efficiencies.
Lebed's latest PR
PYPR said they will be releasing earnings on or before Wednesday!!! This means we could see them on Monday or Tuesday.
It is hard to believe there is a subpenny that is profitable with earnings. In fact, PYPR is the only one I am aware of!!!
I can't wait until next week!!! I am going to be thinking about PYPR all weekend.
DIAMONDS ARE FOREVER
I recently read an article that detailed the process of how diamonds are formed. It was fascinating; I couldn't help but notice that the way diamonds are formed is strikingly similar to the way people become network marketers.
At this very moment, about ninety miles beneath our feet, diamonds are forming. It can happen only at that depth because of the enormous pressure and heat in those layers. The pressure at this depth is equivalent to having eighteen elephants balancing on a single high-heeled shoe and measuring the pressure delivered through the heel. This would be about 20,000 pounds per square inch. Combine this with a temperature ten times the boiling point of water, or 2,000 degrees Fahrenheit, and you have the kind of extreme environment that will create diamonds.
After a billion years or so, little crystals begin to form, and slowly become bigger and bigger. Bring these crystals up to the surface and they will catch your eye with their ability to bend and reflect light. But only an elite few of these diamonds will ever reach the earth's surface. Most will stay buried forever and never reveal their beauty. Those that do come up will do so in quite a dramatic fashion.
How does it happen? Only through the power of a volcano. Deep and rare underground explosions act like extreme elevators and propel scorching magma upwards, carrying the diamonds in a rocket-like river where they eventually shoot out the top of the earth's crust and onto the surrounding land and water. When it's all over, the crystals are everywhere, in abundance, and recognized for what they are ... diamonds.
At this point they're called "rough diamonds." The "rough" seems rather undignified, given all these rocks have been through. The name "diamond comes from the Greek word adamas, meaning "invincible." They are in fact the toughest material on the planet: they cannot be chipped, scratched or broken by any other substance.
This toughness also puts diamonds in a bit of a predicament, because in order for them to reach their full potential in shape, beauty and value they must be chipped, scratched and broken. How is this possible? Only by using other diamonds, or at least the dust of other diamonds. And even these cutting tools will be effective only in the hands of skilled craftsmen.
Thus begins the study of each stone to discover the potential that lives beneath the rough surface. Once this is found, the craftsman uses a tool to strike the stone with a single blow, called the "cleave." This single cut will determine almost everything about the ultimate structure of the gem. Only then is a cut made to form the top of the diamond, called the "table." The process then continues, forming the upper part of the jewel, called the "crown." The crown makes up the largest part of the diamond, and slopes outwards until it reaches the widest point, called the "girdle." The diamond finally slopes inward to make up the lower section, called the "pavilion," until it comes to a point at the bottom named the "cullet."
By the time this process is complete; less than half of the original rough diamond remains, but its value has multiplied. No wonder it has become a symbol of power, fearlessness, virtue and, in the case of wedding rings, eternity. The advertising slogan, "Diamonds are forever" actually tells the truth.
The Big 5 TRADE SHOW & SLJB?
"Now the question---does SLJB have anything to do with all of that? As stated, solid verification that we are involved yet again with Emaar would IMO have a significant impact on not only investor confidence but PPS as well. We have not heard anything more about the $124M Emaar "done deal" in Germany, and I think that promoting deals like this would inspire alot more investor confidence".
From October 28 to November 1, 2006 The famous trade show for the Construction industry shall knock to the World Trade Center door at Dubai city on next October 28th : this is an exclusive event, combining 5 largest exhibitions under one umbrella and 2,000 firms from 50 countries.
The Big 5 is the most ample show of the year for contractors, architects, engineers and buyers throughout the GCC countries.
The main component of the event is the Building and Construction section for suppliers of systems, spare parts, raw materials, fittings and services.
Dubai Marina
This project, being developed by Emaar Properties, will be a "City within a City" able to accommodate over 150,000. The mini city, which will be located in Jumeirah, will be completed over a period of 10 years and construction has begun. The Marina will cover an area of 2.19 million square metres and will have a sea frontage of three kilometres. It will stretch from the Dubai International Marine Club to the Radisson SAS Hotel and Sheikh Zayed Road. Emaar will develop the site, put in place the basic infrastructure and construct real estate projects over a period of ten years. Initial investment in infrastructure is Dhs. 16 billion (US$ 4.35 billion) which constitutes approximately 70 per cent of the project. 30 per cent will be available to private individuals and companies for development. The Marina will have a mix of low, medium and high-rise buildings. Only 42 per cent of the total area, covering approximately 90,000 square metres, will be available for construction. The rest will comprise open space, water surface, roadways and public facility activities.
EMAAR 'The Dubai Mall', the world's largest shopping centre
EMAAR Properties PJSC served notice to the global retail industry yesterday that the Middle East's leading tourist destination just cannot keep still - by announcing its most ambitious real estate development yet.
The Dubai Mall project, approximately a world-beating nine million square foot shopping colossus, will one day nestle in the shadow of Burj Dubai, the world's tallest tower.
The scheme will comprise a five million square foot mall, residential and retail amenities. The mall itself, equivalent to the size of more than 50 international-class soccer pitches, will be the largest shopping space in the world, bigger than Edmonton Mall, Canada, and much larger than the Mall of America, in Bloomington, St. Paul, Minnesota.
'We are expecting an annual footfall of thirty five million visitors in the first full year of business and an annualised growth in mall traffic of about 20 to 30 per cent,' said Ibrahim Al Hashimi, Executive Director, Retail and Leasing Department, EMAAR Properties. 'Tourism is the engine driving Dubai's growth. We have a huge potential audience. Some 3.2 billion consumers armed with a collective GDP of US$18.3 trillion will be knocking on our door.'
'Daring planning is needed to win the global luxury tourism industry over. The Dubai Mall and Burj Dubai make this possible,' he said.
Like a majestic ocean liner coming into view, the leviathan will be anchored by a waterfront atrium providing spectacular views of Burj Dubai and the surrounding skyline, and an aquarium of glass tunnels to wander among sharks and stingrays. Behind the elegance of its three level glass façade, it will contain the largest gold souk (market) on earth and one million square feet of leading fashions.
An artificial lake occupying a total area of 4.3 million square feet will add to the site's tranquillity. A residential facility of 2.5 million square feet is planned while additional retail space will total 1.5 million square feet. For the convenience of shoppers and visitors there will be more than adequate underground parking for 16,000 cars, with even more over ground parking by lakeside slots.
Evidence that planners are not resting on their laurels, the development will attempt to transform Dubai from shopping capital of the Middle East to shopping capital of the world. For a city where shopping is akin to a national pastime, The Dubai Mall will truly become the city's centrepiece.
Adding to the excitement, the 'Mall of Malls' is an integral part of the Burj Dubai project, whose height will be disclosed as finalisation approaches. Construction is expected to begin within weeks. Hotels, private residences, cinemas and entertainment sites will radiate out in a series of ellipses from a tower that will magnetise interest and add prestige to the entire project.
The explosive growth of tourism to the emirate lies at the heart of plans for shopping's new centre of gravity. Dubai's annual Shopping Festival has put the city, with over 40 shopping malls already, on the map. Partly as a result, Dubai welcomed over four million visitors last year, while 15 million tourists are projected annually by the end of the decade.
'His Highness Sheikh Mohammed bin Rashid Al Maktoum's Vision 2010 masterplan puts tourism at the centre of Dubai's growth plan. His recognition that Dubai, despite its two-thirds non-oil GDP, needs an infrastructure overhaul, has set the tone for what we are trying to achieve,' said Mr. Al Hashimi. With assets of AED 22 billion, EMAAR already has 10 major real estate projects under way in the emirate.
Dubai International Airport is working flat out on the second phase of a AED 15 billion plan, scheduled for completion in 2006, to build a third terminal and modernise concourses. The airport will have the capacity to handle over 30 million passengers by 2010. To cater to increasing waves of Western and Asian tourists anxious to experience sun, sea and shopping, Dubai-based airline Emirates, which flies to more than 70 destinations ordered 71 new aircraft in June, more than doubling fleet size projections for 2012.
Dubai's astonishing growth has been fuelled by various economic factors including the role of the tourism and services sectors and more than AED100 billion which is being invested in new projects in the coming decade. The emirate's property market is currently estimated to be worth AED 40 billion. Economic growth projections for the city are currently bullish as high oil prices drive prosperity.
Meanwhile, the city's successful hosting of the World Bank and IMF meetings in September has sparked a wave of new interest in the city as a meetings, incentives, conferences and exhibitions (MICE) destination.
The Dubai Mall
Planned to be the developer – EMAAR – to be largest mall in the world, Dubai Mall will be the retail counterpart to Burj Dubai – at 800 metres the world's tallest tower. The 836,000 square metre scheme will comprise 465,000 square metres of retail space in addition to residential and retail amenities. The mall itself, equivalent to the size of more than 50 international-class soccer pitches, will be the largest shopping space in the world and bigger than West Edmonton Mall, Canada, and much larger than the Mall of America, in Bloomington, St. Paul, USA.
With its three level glass façade, The Dubai Mall will feature distinct themed areas which include The Waterfront Atrium, Palm Boulevard, The Aquarium, The Boardwalk and The Grand Drive. The mall will also feature the world's largest gold souk where hundreds of shops will be housed under a dome detailed in the traditional craft tradition. Dubai Mall is expected to attract over 35 million visitors in the first year of operations with usage growing by up to 30% per annum. The Mall will feature every imaginable brand – name store from high end retail and boutiques to daily necessities. Restaurants and move theatres will make Dubai Mall a worldwide shopping and entertainment destination...http://www.net-wave.net/eventpartners/tourism_retail.html
Dubailand, Vision 2010
http://www.net-wave.net/eventpartners/tourism_retail.html
Braden, IMO Today is the day to grab shares
Wishy washy sellers bail and traders exit for the weekend.
I seriously doubt you'll get a better chance next week.
The company is obviously on a mission to ramp like nothing I've ever seen.
They clearly have a very decisive agenda and from the looks of it I doubt Monday will go by without AUDITED FINANCIALS and other significant PR's.
Not just AP news seems likely IMO, but also any number of developments and contracts can arise at any time...I'm buying!
I expect a mega November to be delivered by this company.
SLJB has been working feverishly to put the pieces together.
Sell now and be sorry.
This is the ultimate accumulation opportunity.
After Monday, with the one authentic short squeeze in play, any buying pressure puts the kibosh on the MMs.
With a killer PR week looming, they will be bludgeoned by Buy orders and unable to safely sit on the Ask shorting into buying pressure.
So many SLJB shareholders are sitting on a powderkeg on the verge of blowing the MMs out of the water and some of you don't even know it.
Now you know. jmho
EXCELLENT REPEATED POST by Airdale
Why not buy into Home Depot? Why isn’t our share price moving up?
Much like the 1940’s post WWII when oil and the automobile were king, the U.S. tied up perpetual oil contracts with the Saudi’s. This ensured long-term affordable transportation for the growth of the country. Now, the situation is reversed and the Middle East is coming to North America for resources. They can’t get a government contract for product so their long-term deals for softwood are through publicly traded entities. This will help ensure the long term growth of their country.
Emaar/Wessal is smart enough to know if they need unfathomable quantities of steel, cement, wood and fixtures for their projects, they might as well make money on both ends. They will purchase as much as possible from a very reliable source, themselves. Why let someone else make all those billions on product sales when they can keep it in house. They can also control their own supply lines.
Why not buy into Home Depot? They could buy 5% of the shares in the $70 billion dollar Depot for $3.5 billion. What percent return would they get if they owned less than 5% of HD? It wouldn’t be in the billions and not even close. Probably 10% a year if they are lucky. Not much upside really, this would be a very expensive and very long-term return on their investment.
What not go private and just own a supply company outright? They would have to use much of their own seed capital and they would get straight earnings. They have to hire and manage a system to provide materials for them. If they purchase $5 billion in materials this year from themselves as suppliers, they probably make about $1 billion in profit. A twenty percent annual return is excellent. But, what if there is a way to make an even greater return?
Why select a relatively small insignificant company like Sulja Brothers? They have experience, they’ve been around 25+ years, they understand logistics and have been successful. Their management is sharp enough to know the construction industry as they are making 30+% net income. They have some existing supply lines and they have a softwood export license with a nearly inexhaustible amount of timber/lumber.
Why go public with this whole thing? The key word is leverage. The reason you use the capitalisit stock market is PE ratios times earnings. If they buy 25% of Sulja Brothers in the open market for say an average of .25 per share, (open market, just like they would have to do with Home Depot) it would cost them $31 million for 125 million shares. That is 1% of the cost of buying into HD.
What is the upside on income? If they nail the NASDAQ, like they claim they will at $5.00 and those $31 mil in shares are now worth $625 million. If they crack $10 per share they’re at $1.2 billion. They can probably leverage $30 million or so into a billion dollars. Why Sulja?, because they make more money this way. If they were to hit $5 per share in a year, that would be a 2000% return. The US stock market is geared toward multiples and they know how to work it.
Why isn’t our share price rising? Mother Nature says the biggest dog always eats first and the scraps go to the little guys. The big dogs are currently at the trough and eating up the bulk of the shares IMO. There are scraps that most of us will get. This little piss ant investor is very willing risk $50K for a shot at $6 million.
Yes, I think this deal is real.
AIMVHO
Airdale
Sulja Bros. Building Supplies Ltd. Announces Today That the Board of Directors Has Reviewed the Financials
Wednesday October 25, 11:56 am ET
"CEO Vucicevich also said, "We have no intentions of keeping the financials private, we are only waiting to make it more transparent. We will release them as soon as all necessary corrections are made."
WINDSOR, ON--(MARKET WIRE)--Oct 25, 2006 -- Sulja Bros. Building Supplies Ltd. (Other OTC:SLJB.PK - News) today announces that the Board of Directors have received the financials and reviewed them over the weekend. The financials have not been made public because there were some issues with the wording because of problems in translation. CEO Vucicevich stated today, "Due to the end of Ramadan and the celebration of Eid this week, we have not been able to make necessary changes with our auditors in the Middle East. Releasing the financials without giving them prior notice and making the changes would not be a good idea. I would like to state again, that we are in possession of the financials at the moment, but we do need to make these changes before we release them. If not corrected it would lead to a lot of confusion among our shareholders and we definitely do not want that."
CEO Vucicevich also said, "We have no intentions of keeping the financials private, we are only waiting to make it more transparent. We will release them as soon as all necessary corrections are made."
Sulja Bros. Building Supplies, Ltd.
Receives Investment Capital and Releases Financial Information
Wessal International is pleased to announce that Sulja Bros. Building Supplies, Ltd.'s (PINKSHEETS: SLJB) financials are currently available on www.suljabros.com.
CEO Steve Sulja states: "Sulja Bros. is pleased to release financial statements to the investing community. The posted financials are a compilation of Sulja Bros. and all of its North American and Middle Eastern wholly owned subsidiaries. We had a great year and our Middle East projects are supplying tremendous growth. We look forward to another outstanding year with increased net profits and growth."
Wessal International has arranged for private financing of USD 25 million, of investment capital, for Sulja Bros. Building Supplies, Ltd.
A Wessal International spokesperson commented, "We have acquired private financing to secure the vast supplies and materials needed in the rapidly growing operations in the Middle Eastern market. This will necessitate and alleviate the capital required for such an extensive demand for building materials. The capital attained will ensure that Sulja Bros. will not use company shares to raise capital in the near or distant future, and will continue to not only maintain the upward climb towards a high price per share, but to also steadily rise towards a higher market exchange."
Wessal International President Ahmed Khalil Al-Muslmani states:
"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." Documents necessary for this new venture are expected to be signed and finalized within a few weeks.
SLJB/WESSAL 25MM Private Financing/NO DILUTION
"No Brainer" Noun: no-brainer - anything that requires little thought ;) The picture can apply to the shorts and naked shorts stuck in a losing situation ;)
Sulja Bros. Building Supplies Ltd. -- Wessal International Is Purchasing 25% of Sulja Brothers
Tuesday August 8, 12:57 pm ET
WINDSOR, ON--(MARKET WIRE)--Aug 8, 2006 -- A Sulja Brothers Building Supplies (Other OTC:SLJB.PK - News) company spokesperson announced today that Wessal International is purchasing 25% of Sulja Brothers in the open market. Wessal International is the parent company of Red Sea Group. Red Sea Group was recently selected to strengthen Investor Relations in the Middle East.
CEO Steve Sulja stated: "Sulja Bros. initial business reach into the Middle Eastern market is attracting new investors. Wessal International's President, Ahmed Khalil Al-Muslmani, is buying 25% of the company. No more shares are being issued by Sulja Bros; therefore, Mr. Al-Muslmani has to buy in the open market. By law, this press release is the disclosure of Wessal International's offer and buying can commence in the open market immediately. We are very excited over the interest our company has received in the Middle East. Mr. Al-Muslmani has been watching our growth in large projects and stated his offer at the project closings in Germany. We warmly welcome Wessal International to the family of Sulja Bros. shareholders."
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual result may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
Replies to Bashers are Unnecessary.
They have done their worst.
And it does nothing to affect Real SLJB Shareholders.
The company is morphing in spite of their efforts.
Focus on your investment and keep new investors up to date.
That's what really matters.
Stop replying to them though! That's what they want.
They want an unreadable board full of dissension.
Sunset in MECCA!
Eid Ended Tonight @ SUNDOWN!
Eid ul-Fitr
The EID OFFICIALLY HAS ENDED TONIGHT MIDDLE EAST TIME!
Often abbreviated as simply Eid, sometimes spelled Eid al-Fitr, is an Islamic holiday that marks the end of Ramadan, the month of fasting. Fitr means "to break the fast" and therefore symbolizes the breaking of the fasting period. On the day of the celebration, a typical Muslim family gets up very early and attends special prayers held only for the occasion in mosques, in large open areas, stadiums or arenas. The prayer is generally short, and is followed by a khutba. The festivities and merriment start after the prayers with visits to the homes of friends and relatives and thanking God (Arabic: Allah) for all blessings. Eid is a time to come together as a community and to renew friendship and family ties. This is a time for peace for all Muslims in the world to devote to prayers and mutual well-being.
SLJB CEO SPEAKS!
"Due to the end of Ramadan and the celebration of Eid this week, we have not been able to make necessary changes with our auditors in the Middle East. Releasing the financials without giving them prior notice and making the changes would not be a good idea. I would like to state again, that we are in possession of the financials at the moment, but we do need to make these changes before we release them. If not corrected it would lead to a lot of confusion among our shareholders and we definitely do not want that."
CEO Vucicevich also said, "We have no intentions of keeping the financials private, we are only waiting to make it more transparent. We will release them as soon as all necessary corrections are made."
1millionfl,Ramadan Update,
The EID ended in Dubai an hour ago!
GTLY ALL SLJB Shareholders!
Eid ul-Fitr often abbreviated as simply Eid, sometimes spelled Eid al-Fitr, is an Islamic holiday that marks the end of Ramadan, the month of fasting. Fitr means "to break the fast" and therefore symbolizes the breaking of the fasting period.
Historic Ride Ahead
Right now is the worst time to sell. You either BUY or HOLD at this point or you haven't the slightest idea what a short squeeze is. This stock could absolutely rocket if people don't sell. The .30s .40s and even .50s could be distant memories if shareholders don't sell, especially NOT at the BID!
texasholdem,with all due respect what doesn't make sense to you is a little thing that some of us call REALITY! Sorry to disagree with your idea of a trading system that doesn't give the upper hand to anyone, but you're trading on it.
Good luck to you, I hope you educate yourself some time and read over the thousands of posts on the topic by some of the other investors on the OTC while all the posters who dispute naked shorting are ones such as yourself who just "don't think" or "don't feel that NITEs shorting."
Best Regards &GLTY
CS
texasholdem, your experience, with all due respect, does not mesh well with this situation. Most of those posting to hold or buy more now are indeed very long. We are at the beginning stage of a short squeeze and those who don't recognize that will sell...those who do though want to hold and/or buy more because withing a week and a half the MMs who are short, NITE in particular, will have to cover his enormous short position. It is worth noting.
You have been probably been following the story here for very long but you should know that this board is almost all DD about the company, and this situation should not be overlooked and new investors need to understand the massive dynamic of a short squeeze and the manipulation that is taking place.
The company is great, but this short squeeze is massive news and can easily double or triple the price from here by next Friday if everyone holds and buying continues....the biggest buyer will soon step up, NITE...he should be purchasing about 20-40 million shares imo!
PLEASE READ THIS BEFORE CONSIDERING SELLING:
NITE is absolutely in the hole right now, selling will only serve to drop the price lower, HOLD your shares strong and/or BUY more if you can...I will be liquidating more today to do so and reduce the float even more. NITE has to cover all of the shares he is short, most likely somewhere between 20-40 million shares! There is a massive squeeze coming, holding strong now will result in a bigger squeeze and a bigger run by next week. If news drops and you sold you are out in the cold because NITE and other short MMs will be forced to begin covering.
The amateur trader at the NITE desk who is trading this stock needs to be taught a lesson and if everyone holds steady here and buying continues as it has been, that person will be served a pink slip and be out on their ass.
HOLD FAST PEOPLE, THIS IS OUR STOCK AND OUR MONEY, DON'T LET NITES GAMES CONFUSE YOU. HIS SHORT POSITION IS MASSIVE AND HOLDING NOW ONLY MAKES HIM SQUIRM ALL THE MORE!!!!
NITE is going to get hammered on by other MMs after AF.
NITE is no doubt the lead short on this project. At some point, if not already, the other MMs are going to break ranks from NITE in order to cover their own position. NITE is off and on the ASK right now. Remember, he still has two weeks to cover his short position we will see many tricks in order to cover his position, also by the likes of SCHB, WDCO, TDCM, and maybe a few others.
You want to see aggressive bidding? Don t sell your shares, hold them until at least .40 and you ll see aggressive bidding. These guys don t have a leg to stand on and they don t have any more shares to sell you, especially the kind that don t exist. By SELLING you are HELPING the MMs and hurting shareholders, not to mention you are not meeting the potential sale price of your shares in the next two weeks.
What is great is that it appears that SCHB and NITE are shorting some more right now in order to induce selling which isn t going to happen. At some point they will be swapping shares back and forth at progressively lower prices to make it look like a sell off. It s not going to work if everyone stands steady.
The best thing to do is actually BUY MORE SHARES. I will be adding to my position here because this is such an easy move for a good double or triple from these prices. The L2 action is showing that these MMs are getting pinched hard right now, really hard. They are in a bad place.
The main points to know are:
Buying right now forces MMs to have more shares to cover in a float that is reduced because of the shares you just bought.
Pushes MMs off the ASK as they break ranks and back off to higher prices.
Buying now will be NITEs doom since he is still selling shares short with heavy downward pressure, a sure sign that there are no shares to sell but that he is trying to induce panic selling.
There is easy money in this move, the next two weeks will prove to be a very easy way to make money off of a stock. Buy and hold for the .40s and .50s.
The MMs will be stepping all over each other when one starts to cover and the others realize they better follow suit or get left behind with a short position that they haven t covered. It is so apparent that NITE is blocking the ASK and trying to force the price down.
At some point, MMs who are not short will be buying shares when they realize what a pinch NITE and others are in and making a profit off of selling at consistently higher prices.
Buying shares now will get you more shares in two weeks when the dividend is put into place. Free shares? Thanks.
It is very likely that NITE and SCHB will try and bring the PPS down below the opening price today. Hold steady and continue buying. The upward move over the next two weeks will be HUGE! NITE is still shorting no one in their right mind lowers the ASK when there is continued buying at the ASK.
Shareholders, it is time to show NITE that his short position is going to make us all very happy and thank him by buying shares off of him at the ASK!
This is going to be a historic ride.
Posted by: 4Justice
Date:10/23/2006
Hi folks, just reviewing some of the postings and would like to share some of my thoughts about the AF issue:
First, it’s my humble opinion that NO ONE ON THIS BOARD HAS ANY INSIDER INFORMATION, NO ONE.
Secondly, I’ve dealt with Government and Private Audits for the past 14 years, and I have never, ever, received an audit or legal release for those audits on time; NOT ONCE. Based on my experience, the AFs will be released and filed ONLY after Petar and Sulja Bros. have FULL confidence that their behinds are covered. Then and only then will the AFs be filed with the SEC. Because of the Sarbanes-Oxley Act of 2002 – (see link for your own edification) -
http://www.sec.gov/divisions/corpfin/faqs/soxact2002.htm
Petar and Sulja Bros. are going to obtain all of the legal and financial guidance they can afford; and the time it takes to provide such guidance is more than a few days. It may be weeks or months. So, no matter how agitated you may be, and no matter how many “good faith” promises have been made by Petar regarding the publication of the AFs, the fact is much of this process is beyond Petar’s control. Remember, it’s his butt on the line, not yours.
If you want an indication of the consequences he faces, take a look at today’s news regarding the 24-year conviction of a former Enron Executive: (http://www.nytimes.com/aponline/business/AP-Enron-Skilling.html?ex=1177214400&en=d7dc1fb11319075....
Under these new government restrictions and requirements, everyone, including GOD (LOL!), is going to review those audited financial documents BEFORE Petar signs his name to them and files them with the SEC.
So, my humble advise is this: if you can’t handle the stress of this process, sell your shares; the PPS is very high right now, take your profits and call it a victory. If you can handle the stress, buy more if you believe this is just the beginning of a solid run; and if you just don’t know…hold what you have and reevaluate your position during the next few weeks.
But for your own sake and Petar’s, please give the issue a rest. Until you have EVIDENCE that you have been intentionally lied to and defrauded (intentional malfeasance), it’s all speculation, conjecture, and WAGS. If you feel that you have been defrauded, then you’re free to pursue any and all legal remedies available to you under the laws of Canada and the United States.
I don't know how much longer this process will take. I still assume the AFs will be filed/posted when the process is completed. Will the PPS suffer in the mean time? Probably. If I had more money, I'd buy more, but right now, I'm all out of powder.
So, that’s my two cents and it’s only one man’s opinion. I wish everyone luck, I’m all in, and I’m waiting patiently to see the next chapter unfold in this saga.
Good Night.