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MERRY CHRISTMAS FELLOW MODS AND ALL POSTERS!!!
This was the august story:
CEO Steve Sulja stated: "The current outstanding shares are 500 million. There are 362 million shares held by insiders. Of the 362 million insider shares, 162 million are restricted. There are 138 million shares in the public float.
This is today's story:
SHARE STRUCTURE:
OS: 609,230,500
Restricted: 641,500
AS: 800,000,000
FLOAT:608,589,000
I never said it was 400 M. That was one hypothetical to counter your statements the O/S were over 600M. Ed told me it was approx 340M. Also have never said you are dead on with every negative you post! Happy Holidays!
Binzur
VERY MERRY CHRISTMAS to you realest!
Merry Christmas to you as well!
Happy Holidays!
Binzur
HOG; Your post here tells me you really know where things truthfully are at. You know there are no SEC filings that would have allowed them to go from the August Pr'd share structure to 600+ M in the float today with no restrictions. You know what I am working on and you and your friends are welcome! This is my last post on this site until I let people know that I am true to my word in post #222618!
It is now Christmas Eve. It is time to stop battling and praise and celebrate the birth of Christ! God bless us all!
Happy Holidays
Binzur
Mick; God bless you and your family!
Happy Holidays!
Binzur!
All of this can be accomplished with you sitting in an attorneys office and they fax the information there! That protects you.
You are a sharp guy! What about the PR'd share structure? How do we go from 80 mil in the float in August to 600+mil in 4 months? Have them provide the SEC filings necessary to do that! BTW they don't exist!
We already know that the unaudited financial they PR'd are totally false! Actual gross business may be even less than unaudited gross profit! Already know this!
We already know that the "closed" 350mil per year cement deal is false. It took them three months to PR that the contract never happened!
We already know that the 98 mil cement deal published on the blog in October was false and never happened
We already know that the share structure PR'd in August is absolutely false!
We know that they illegally sold restricted shares and also sold 100 million shares raising 12 mil without any proper SEC compliance or filings.
We now know there are over 600 million shares in the float with no shares restricted!
We already know they never purchased the lumber mills that were PR'd.
We already know that they never could have merged with Consultech Construction Management because they were in administrative default since July of 2005.
We already know that Loftwerks never could have entered into a consulting contract with Consultech Construction Management for 12 million in August 2005 ( see above) just prior to selling LFWK stock on the open market for the first time.
Want some more?
I haven't seen your answer to my respectful reply. Can you figure out the answer? Here is the question again!
Have you heard of insider trading rules and laws? Do you think that going up there and looking at non public company information then coming back to this chat location and telling us releases them from the insider trading statutes? IT DOES NOT!
Think about this. I have a group of 30 investors. We meet every week and make decisions. Two of the guys in the group go up to XYZ company and look at non public information. Contracts, legal papers what ever. Now these guys come back to our group meeting and tell us all about this information! We all go out and buy a ton of XYZ company. Can you guess what happens?
Hey HOG! Please talk to an attorney before you go. I really respect you and don't want to see you sucked in any further.
Go to an attorneys office and have them fax the proof there! What you are trying to do is honorable but you are putting yourself in a terrible legal position. JMHO!
Happy Holidays!
Binzur
That is after the SEC without lubrication looks into every well I think we can figure that one out without any further details!
Have you heard of insider trading rules and laws? Do you think that going up there and looking at non public company information then coming back to this chat location and telling us releases them from the insider trading statutes? IT DOES NOT!
Think about this. I have a group of 30 investors. We meet every week and make decisions. Two of the guys in the group go up to XYZ company and look at non public information. Contracts, legal papers what ever. Now these guys come back to our group meeting and tell us all about this information! We all go out and buy a ton of XYZ company. Can you guess what happens?
Not only that but viewing non public company information makes them insiders. Telling this to people on this board will not come close to "proper public disclosure" of that information. That is what PR's are for! They are not only gagged they can not trade any shares! Airys already has himself in hot water because of his actions this week. Private communication with company insider...doesn't happen Airys sells and then later tells this board he sold! That is a violation of insider trading laws! Then he hears back again from company insider he buys. Trading records combined with posts here will tell the story (unless the posts were deleted!). Tells people here he bought and is more postive than ever. Now OSC letter. OOOPs. Now what! He can't really sell because again he has insider information. Even if he tells this board that doesn't come close to "proper public disclosure"! That is why companies must make public disclosure!
They have put Stock and Airys right in the middle and if either one of them is trading they could very well be in violation of insider trading laws! These guys try to do the right thing and have been sucked in just like so many others back in August and September! It is truly a shame! JMHO!
Merry Christmas to all!
Binzur!
Merry Christmas to all. Hug you kids if you have them. Enjoy your family!
Happy Holidays!
Binzur
Snips. Do you realize he has insider information and has admitted it to this board! He can't buy or sell this stock. He admitted selling this week. He admitted buying this week and hinted that others should with what he knew. Now he can't sell those shares as he has insider information! He is stuck and I hate to see a person put in that position. Do you understand that? He is not just a shareholder!
Maybe he tried to do good but should have consulted an attorney. Again he should not go to any meeting and meet with company officials and view non public documents as a shareholder! Make sure he understands this!
You have mail!
Member Mark for you! Thank you! You are the most intelligent poster on this board! You keep trying to help people here! You have helped many and I know they appreciate it!
Happy Holidays! God bless you!
Binzur
He should. He should also speak with an attorney before he goes and views non public company documents as a shareholder of this company! There are many civil lawsuits in the works. He is leaving himself wide open to being included. Stop receiving insider information which he has clearly received. You can PM him this.
I do to a point appreciate what he is trying to do. He seems like a nice guy but he is leaving himself wide open to be included. It is one thing to pump a stock when you don't know that they have committed illegal trading. Now he knows it, he repoted it to us and he becomes entwined in the continued fraud. He is now the mouthpiece for the CEO and President who have admitted they sold shares that violated SEC trading law!
If he is a friend please convince him to speak to an attorney before he has any more communication with anyone involved with this company! I am very serious here and really don't wish him any harm.
If you are a friend of his you need to do this for him. He seems to have a nice family and the problem is all of his trading activity can be considered "insider" and placed under a microscope. He recently sold, must have heard something bad from Petar or Steve, he bought back, must have heard something good from them. Now he is stuck cause if he owns as many shares as I think he does he CANT sell them because he has received insider information!
Be a friend if you are one and convince him to speak with an attorney!
Many here have been working with Sulja, you are correct on that. To fraudulantly pump this illegal company! All the while the company illegally sells shares and violates SEC trading regulations. Also dumps all of the restricted shares they advertised in August while posting false PR's, false contracts! We have people going through all of the pumpers posts back in August, September, October! So they are on notice as well! The fact is they have lied in PR's and illegally sold shares! Those are facts that have now been proven.
You are the most intelligent poster on this board and absolutely correct. Thank you for your efforts.
Happy Holidays
Binzur
Excellent! Without a plat of survey it is tough to see what land we are getting and how the golf course lays out in it. That would really determine whether a gated community would work. Thanks for the info. Sounds like this is a very nice area that is changing over to younger families.
Happy Holidays
Binzur
Semi-private at a minimum IMHO. Pine Bluff is a very depressed city. I think if they could go private and get the membership up that would be best. Private clubs have annual dues, minimum monthly spending in the pro shop and restaurant/bar. It really depends on what they think can get the most bang for their buck!
You are correct. My point was worst case scenario! Only as a last resort would you develop the golf course land. I wouldn't say bad management. In my conversation with Ed he simply said that the members had gotten old and didn't have the energy or the interest in keeping the club up. I can see that and I guess you can call it bad management I just can see people who have been with this club for 20-40 years just running out of gas! There are also some very nice homes on some big parcels of land right by the country club. I would hope we go after those after this gets rolling. When I talked to Ed he stated engineers were already "hard at work" on the layout for development. Don't think we would be spending that money if we were not closing on the deal.
Angel stated something in his report that caught my eye. They amend the Q3 audit to include the CC. I have to believe this appraises out very well. I was also told we are paying cash for this. This really adds tremendous value to the balance sheet. This can be done quickly and not delay filing of AF's through Q3 much into January. I was concerned that they wanted to include all of Q4 and we would go into February without any AF's and that would suck!!!!! First or second week of January for AF roll out is fine with me!
Happy Holidays
Binzur
You really read familiar. You are also very close to being completely correct. If you look at the TA report they have also sold all of the restricted shares per the PR in August and they are now part of the float. Read post 223813 again! The number of shares that these guys sold on the open market while pumping this with false PR's, false financials and false shareholder ownership statement is IMHO MAJOR SECURITIES FRAUD! They also total almost 350 million between restricted, insider and the extra ones they sold to take this over 600 million! This was without any public disclosure!
Why do you think there are trustees and all the lawyers. They never did the merger and any of the assets that should have been in the shell and any assets that were purchased with the money illegally received from stock sales have been placed in a trust until this entire mess is sorted out! At least that is what you should hope happened with all of the ill gotten gains!
GLTA
Binzur
Good morning ALL! Nice to see all working together to get as much information for each other about our company. We are in this together. I have a great deal of construction experience (little over 30 years). The company stated in their PR that initial analysis of the property could yield 300-400 homesite. I personally think that is high but I do not have a plot of survey on the property. I will work off of 200 homesites. The property value alone in this area conservatively will yield $20,000 per lot. This is based on information provided by eelfland and in my opinion is very conservative. That is $4,000,000 for the LAND without any construction. They are buying this for approx. $500,000 total and that includes the Country Club and the buildings on the property! HELLO! Now these are conservative numbers but I prefer to look at it that way. They do have development costs but there are already homes in the immediate area.
Now with what eelfland has reported the area is getting many new and sizeable homes. Think those people might want to be members of a County Club! I think yes so now you have membership fees as well as members spending money in the bar and restaurant. This is before any regular fee golfer uses the course.
My understanding is the present members own the club. They are getting very old and just have no interest in keeping the club up. That is why we are getting this for a steal! Let's say worst case scenario the country club isn't making money. Close it and develop the property for houses!!!! The golf course takes up at least 60% of the available land.
The area around the golf course is much different than in Pine Bluff! There are $200-500+ homes in the area around the golf course. That is why I asked eelfland about it. His information has been very accurate!
I have called three different numbers this morning and was able to leave messages on two of them as I would have on that number. The toll free number connected me to the same people who answered that number.
The TA closed early today cause if people haven't noticed Christmas is MONDAY! I called at 2pm and they were already closed.
I do not have any super secret phone numbers to get a hold of Ed. I have left him a message and I will very patiently wait for a reply. When the TA is ungagged doesn't make that much difference to me as long as it is next week.
I will advise when I hear anything.
This morning I watched MM games at there finest. I went in immediately at the open at the ask which was .0025 for 500K shares. Waited for over 15 minutes and they lowered the Ask twice to .0023. I actually got filled for lower than I was offering to buy them! They are working real hard to keep this down. It will take solid news and a very aggressive buying effort from us to break through!
Happy Holidays!
Binzur
Sing it! I'm dreaming of a GREEN Christmas! Sing it!
It sure does. That is a fairly small lot for 30K. That helps and I do appreciate all of your work and DD for this board!
Happy Holidays
Binzur
I'm dreaming of a GREEN Christmas!
I will be out until mid afternoon!
Happy Holiday!
Binzur
I'm dreaming of a GREEN Christmas!
Thanks!
Can anyone provide Level II?
Angel; Nice report and thanks for sharing. You had some things in yours that I didn't get into with Ed. Let's try to get the TA gag lifted today! I suggested to this board that you, liable, realest, Dspetry and myself each independantly contact the T/A once the gag is lifted and report back to this board. I hope that is OK with you!
Nice job on our board info page! Thanks for all you do on the home page and here!
Happy Holidays
Binzur
I'm dreaming of a green Christmas!
Not 90 days before we see AF's. They have 90 days for 10Q for 2006. AF's much sooner. I have left messages for Ed. I am trying to get the gag lifted today. If not Tuesday for sure!
That will start improving the credibility and transparancy.
Will you be one of the 5 to verify with the T/A once the gag is lifted?
I am working on civil action against a different company! Not to difficult to figure out which one! LOL! If I was lied too I will lead the same thing here! I wouldn't be buying shares if I felt I was lied to! I am NOT selling the ones I bought yesterday!
Thanks for your post!
Happy Holidays
Binzur
I would disagree with you that you have heard nothing and they didn't follow through on that PR. They did! They had a CC with three investors from this board who reported back to this board and have continued to somewhat communicate since. They haven't closed the cement deal so nothing addition required to honor the PR there.
They have lawyered up and I am sure the lawyers do not want them doing what they are doing at this time! Look at the time of the last PR. That was clearly issued by Petar. Look at the time of the previous PR. That was issued again by Petar right after HOG and Airys reported about their trip. It was like 4 minutes after stock HOG issue his report!
I don't support them at all but they may be so handcuffed (not literally yet) by the attornies that they can't do anything else. Now that should be a red flag!
Happy Holidays
Binzur
Good questions.
1. I am working on getting T/A ungagged today or Tuesday. I have no secret phone number or any way other than normal business channels.
2. I do not think they are spending anywhere near that much. I did not get into any specifics on R/M or spin off that would give me any insider information. I will have more to report on the spin off a little later. Again I do not believe they are spending anywhere near what is outlined in the link you provided. I will see if Ed can cancel the 506 and reduce the A/S back down. I would ask that in the future if they need to raise capital that they tell us they are going to issue a 506 to raise capital for investments in the near future and announce that because of the 506 they are raising the A/S. Be up front with us. I believe he will consider this and may implement this as well!
3. The 506 is for restricted shares to infuse money to the company from investors. This would be for future acquisitions. It is not needed for operations today. It is a better approach for us shareholders than to have a 504 and just start dumping shares on the market.
It is my belief that we shareholders need to draw a line in the sand at this level. To do that it takes no selling and takes buying. As I stated in my post I bought 1.5 M shares late in the afternoon yesterday, before I had ever talked to anyone in this company. WE NEED TO DO THIS AS A GROUP! I will be buying more at this level and if we as a group can establish this as the low and get this moving back up it benefits every one of us. If we aren't committed to doing this then I personally have to hold dollars back in case the price declines further and I need to average down. If we as a group in lighter trading days during the holidays buy aggressively the move up and potential squeeze can be very dramatic and quick! I say LET'S DO IT. The trading today and Tuesday will tell me what all of you think!
Happy Holidays!
Binzur
I'm dreaming of a GREEN Christmas, just like the ones I know you want! Where the stock goes higher and our stock balance rises and that is as far as I got in the song! LOL!
You all know the song! You all know the words! Make it happen!
That is why I wanted it as a first step! I will see what I can do. I have not been given any direct "inside" contact set up, don't want it. Appreciate the input and agree. If not today, Tuesday!
Happy Holidays
Binzur
Selling, panic, maybe shorting, panic, selling, more panic!