There are too many scenario possibilities to speculate either way at this point IMO. Some say scam, some say no, honest company mismanaged. We simply either have to wait and see, or spend the private investigation money to find out--whatever you choose to do---but there are few FACTS at this point. They may have the AF's, they may not, (IMHO they do) that is only one of the unknowns we currently face..

Another Scenario--If for instance PV had tried to divert some assets from the SLJB shell into one of his companies at some point, and the attorneys and/or auditors said "no, you can't do that legally", that would explain the delays quite easily as the company was trying to get things back on track and they didn't want to release the AF's with revs/assets amiss.. toss in the Windosr Star articles during this time of high anxiety, and viola---instant drop in PPS, investigations initiated, panic-mode investors, and everyone calling for PV's head on a stick. If the AF's were screwed up, the company cannot release them until repaired, that simple. And if the attorneys have told the company and PV not to say anything until they sort it all out, then that explains it even more. Whether this is true or not I do not know, but I am looking at the whole thing from a "logical possibilities" perspective rather than a "pissed investor" perspective. As I stated, there are simply too many scenario possiblities to speculate at this point until we have concrete eveidence on which to go by.

One thing I will also state again---you cannot lose unless you sell or the company goes bankrupt. I for one do not sell into panic, never have. The PPS dropped much too quickly anyway to think of a bail out, so I hold and hope for the best. Positive attitudes bring positive results as they say. JMHO GLTA

I have heard they do exist, but admittedly only by hearsay from trustworthy sources---no-one but the company or it's auditors/attorneys know positively at this point however IMO. I suspect we'll find out soon one way or the other. JMHO GLTA

Bottom line: Steve needs to address investor concerns QUICKLY, and not pull a comparative PV dink and dunk act. Doesn't mean he has to release the AF's today or Monday, (which would be great, but I do understand there may be issues that need to be resolved first) however he does have to come clean with us and open up communications with the SLJB investors with a PR or PR's letting us know some pertinent details of the situation, along with verifiable info of all companies/persons involved, and basically a summary of what we can expect in the coming days, weeks, and months, and answer why we should continue to support this company. JMHO GLTA

Happy Thanksgiving to All--save room for dessert!

That is what I understood. Don't know for sure. Anyone?

Check Party's post #180778 too.

That is what I understood. Don't know for sure. Anyone?

I believe Party has hired a lawyer to gain verifiable confirmation of connection with SLJB. But doing your own DD is of course the best way for your own peace of mind. JMHO

Allinone--agree on many points. Additionally, remember that Steve also helped to raise our hopes of middle east dealings and possible revenue, with his original PR's:

http://biz.yahoo.com/iw/060803/0150680.html


Sulja Bros. Building Supplies, Ltd. Seeks Listing on the Dubai International Financial Exchange
Thursday August 3, 3:14 pm ET


WINDSOR, ON--(MARKET WIRE)--Aug 3, 2006 -- Sulja Bros. Building Supplies, Ltd. (Other OTC:SLJB.PK - News) is seeking a listing on the Dubai International Financial Exchange. The new United Arab Emirates exchange is dedicated to becoming a global financial hub.
ADVERTISEMENT


A Wessal International Group spokesperson commented: "Recent deals have generated great interest in Sulja Bros. Building Supplies, Ltd. We are now working with one of the largest investment banking firms to complete the listing of Sulja Bros. Building Supplies, Ltd. on the Dubai International Financial Exchange."

CEO Steve Sulja stated: "Our recent dealings in the Gulf Region have greatly attracted the attention of the regional investors. We are very excited and working diligently to provide these savvy investors with a Dubai listing. We warmly welcome the Middle Eastern investors to the Sulja family of shareholders and look forward to even further expansion in this and other regions."

<snip>

So to that, I'm hoping we can still assume that we were indeed doing business in the ME, regardless of whether or not we lost a deal or two here or there along the way for whatever reason. JMHO GLTA

No-one said he was totally "gone", just that he wasn't part of any management processes any longer, along with Kore and whatever roll they played....which all of course remains to be seen. If PV was in fact handling large deals in the ME for SLJB, I would assume that would continue with a watchful eye. Again, we'll see. Basically I think what SLJB wants to do is to keep the "kids away from the cookie jar" and then everything will be fine. That's what I get out of it. JMHO.

A little better than yesterday, lol! Still alot of questions need to be answered no matter who is sitting in the front of the bus tho. More communication will help, and Steve was pretty good about that previously, so...hope that will continue. Hanging tight.... JMHO

Next day I think. JMHO

They have to clear first if you have a cash account. If you sent a check, you are looking at probably 3-5 days for it to sweep. JMHO

Of course. He's upset---the last thing he wanted to do was come back into a beehive, or have his family receive phone calls at home about that beehive. I am confident he will get it all turned around tho.

Also interesting was that Kore was mentioned in the PR, but Consultech was not---it will all come out in the wash...JMHO GLTA

Interesting turn of events that was pretty much expected.

No we wait to see how it all plays out and how much collateral damage we'll suffer. Hope things are resolved quickly-- stamped AF's are an absolute must at this point, along with full disclosure of all updated/completed deals, mergers, etc for 07. No more dink and dunk, this all has to carry on timely and professionally from now on. Thankfully Steve was very good about that when he was CEO previously. Let's hope that will continue. Welcome back Steve, and good luck---takes nads to willingly step into a beehive to fetch the honey. JMHO GLTA

HOG--

Those are indeed solid numbers, a little over half of unaudited. Nothing wrong with that. Here's what I have for original:
During the 12 months from June 1, 2005 to May 31, 2006, Sulja Brothers Building Supplies had revenues of $63,047,611.00. The company made $28,371,424.95 gross profit with $26,023,991.63 in pre-tax profits. Net profits were $15,879,839.69.

Of course, everyone will want to know WHY there are no UAE revs included,and the answer better be good IMO. Everything should pan out and satisfy with those numbers tho. (and of course immediate PR's of all updated deals, mergers, and 07 proforma that is)

WAY better than nothing! JMHO.

Nice, Thanks to you and Tania.

Sounds quite plausible to me.... Also hoping it all gets worked out...GLTA

Holding.

Last report I got was that the Suljas sold out to someone but each one held 5% stock in the company. Steve was going to remain on as a consultant. JMHO.

Hope they are consulting!

Interesting perspective. JMHO.

You may be correct. For the sake of everyone here, I hope not. JMHO.

Yes, they need to drop a PR ASAP. Agree 100%. Someone said they were working on one, who knows...

Good luck in all of your future endeavors Pop, and thanks for all of your input.

Understood. Emphasis on "MAY BE". Hence I hold until I know for sure.

Well, SOMEONE is loading heavily. Seems rather stupid to me, IF this thing were the big rock everyone assumes that it is. PPS has rebounded some from this mornings' initial panic sell too---still alot of anxiety here no doubt, but I ask all to remember these FACTS:

1) Sulja Bros is indeed a real company. They're open daily.

2) Sulja just acquired SAM.

3) There are certainly assets to this company. IMHO worth more than the PPS currently reflects.

4) There is simply too much speculation over AF delays and obviously biased reports. This board is fired up, looking for blood due to the PPS drop of about .10 in the past few days and no communication from the company.

5) Some people are working on finding answers, some are pointing fingers at everyone under the sun with allegations to make themselves feel better for selling.

6) Yes, some people sold due to their fear. That was their choice and I for one feel bad for their losses.

7) Good, bad, or in-between, this will all come out in the wash.

8) We may win, we may lose, no-one at this point can say for sure which.

9) I and others are holding due to our DD and belief in the company itself, rather than belief in a single person.

10) I wish good luck to everyone.

JMHO.

Thanks Pop for the info and update. Also I agree about not panic selling---won't do any of us much good at this point. Hanging tight for updates and solid info. JMHO, GLTA

Has anyone gotten Party's stance on everything? Is he still in with his 40m or whatever shares, or did he bail? Curious. TIA.

Great idea, that would certainly help!

I agree. Showing proof that the AF's actually exist and are stamped by a reputable firm would throw a large enough bucket of water on this current wildfire to all but stop it. JMHO GLTA

These are very good points pop, that is why we must get to the bottom of everything before final judgement. That is also why I am still holding, along with others. JMHO GLTA

Problem is it wasn't a true non-biased investigative report that was done by the Star. CNN has some great staff and IMHO they try their best of anyone to put things into perspective. They are quick also.For those who think I am an 'idiot', open your mind and think a bit:

After all of the many failed promises, and myself along with others not having sold a share yet but watching the pps go from the teens into the crapper over the course of a few days, then seeing the obviously biased report(s) from Rennie, and then the increasing banter and callings for heads on a stick, do you not feel it is time to open it up quickly, get light into the "dark corners" if there are actually any to be found, and find out the real deal? Whether good, bad, or ugly, it is what it is and at least that way we will know. I am hoping good things will come out for all to see just as many others here are who haven't sold-- but regardless, after being jerked around for many months and SEVEN failed AF dates, it is high time to get to the bottom of it without the ongoing distraction of speculation, banter, and BS.

Remember too, you only lose if you sell at a loss. That is why I want to know where we are heading. JMHO GLTA

Board: Anyone that wants to get maximum exposure of this story out as quickly as possible, contact CNN. They don't dink around when they dig into a story. Form is here:

http://www.cnn.com/exchange/ireports/topics/forms/breaking.news.html

JMHO, GLTA

Yes I knew that, thanks-- but he didn't do it all by himself either. Many players involved to some degree. One way or the other it's gonna get real interesting, real soon, IMHO.

Here's some pertinent and publicized-on-Ihub SLJB info from "way back when". Some links not found in the Ibox that may be helpful, some may be incorrect! (don't shoot the messenger!) As anyone can see, everything started with this company long before Petar stepped in as CEO of SLJB, IMHO.

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

Moderator: Tradingismylife
Assistants: Momentum_Trader, makinggreen123
Created: 4/21/2006 11:18:45 PM

This board is the OTC Version of "Mad Money"

Need I say more!

This will be the home of the biggest and best Liquid plays in the OTC market

Soon to be coming the "Lightning Round"

Booyah SLJB

SULJA BROS. BUILDING SUPPLIES LTD.
1170 Erie Rd
Harrow ON N0R 1G0
TEL: 519 738-2881
FAX: 519 738-9079
DUNS Number: 24-783-5283
John Sulja, President
http://www.suljabros.com/

200mm FLOAT(negative per pr's)300mm Restricted for Sulja,300mm In TREASURY for CCM Mid West MERGER,500mm O/S,800mm A/S



INTERNATIONAL BUILDING PRODUCTS
(A division of VISTA GROUP INTERNATIONAL)
6544 Beaubien St
Detroit, MI 48202
DUNS Number: 14-981-4837
Mailing address: PO Box 586
Lincoln Park, MI
48146
Telephone:313 215-1127
Chief executive:STEVEN SULJA, PRES
http://www.ibp-usa.com/

Loftwerks, Inc.
6544 Beaubien St.
Detroit, MI 48202
USA
Website: http://www.loftwerks.com
Phone: 210-257-5438
Fax: 210-579-6553
email: contactlw@loftwerks.com

Nashville Office
162 4th Ave N
Nashville, TN 37219
(615) 782-2000

EMAAR PROPERTIES/CCM/Jt Venture w/SLJB


United Arab Emirates Financial Market Links >>>>>>>
http://www.adsm.co.ae (Abu Dhabi Securities Market)
http://www.dfm.co.ae (Dubai Financial Market)
http://www.dgcx.ae (Dubai Gold and Commodities Exchange)
http://www.difx.ae (Dubai International Financial Exchange)
http://www.sca.ae/english/ (Securities and Commodities Authority United Arab Emirates)

SLJB - P A R E N T C O M P A N I E S
EMAAR PROPERTIES DD LINKS (20BB MKT CAP)



http://www.emaar.com/Index.asp
http://www.emaar.com/MediaCenter/PressReleases/2006July26b.asp
EMMAR mkt cap http://www.investorshub.com/boards/read_msg.asp?message_id=12482095
http://www.emaar.com/AboutEmaar/Index.asp
http://www.investorshub.com/boards/read_msg.asp?message_id=12414959
http://www.investorshub.com/boards/read_msg.asp?message_id=12418722
Vista GROUP INTERNATIONAL-Multi Billion Dollar Corp
http://www.vgic.biz
VISTA REAL ESTATE LTD.-Billions in Real Estate in UAE
Incorporated in Dubai, Vista is an integrated customer-centric sales, marketing and service organization dedicated to the real estate industry in the Middle East with a particular focus on Dubai, Abu-Dhabi and Sharjah (UAE). Vista provides a complete real estate solution under one roof through a transparent, efficient and convenient process that combines a "bricks and clicks" business model which fully integrates with propmart.net's powerful web-enabled real estate management software. Vista leverages propmart.net's web-presence with a hi-quality 'on-the-ground service' for customers who seek to Locate, Buy, Sell, Lease, Finance, Improve or Maintain their properties in the Middle East. Whether one is an investor, landlord, broker, developer, Vista's informed and well-trained professionals are on standby to serve customized real estate solutions for you.
http://www.findaproperty.com/agentprops.aspx?edid=09&salerent=0&agentid=05476

CONSULTECH CONSTRUCTION MANAGEMENT-Multi Billion Dollar Corp

1 of 7 Master Builders in USA/Euorpe
http://consultechconstruction.com

WESSAL INTERNATIONAL(private company OIL/CONSTRUCTION/TRADING)
Wessal International Group
Sare Street Al Slamhe
Jeddah Saudi Arbia (valued around 800mm)

RED SEA BUILDING MATERIALS TRADING (L.L.C)
Membership number: 36980
Trade name: RED SEA BUILDING MATERIALS TRADING (L.L.C)
Building Name: Abuhail Centre
Street: Abu Hail Street
P.O.Box: 329
City: Dubai
Country: United Arab Emirates
Office phone number: (+9714) 2664399
Office phone number (2):
Fax number: (+9714) 2694870
Fax number (2):
Business Activities:Building & Construction Materials Trading

RED SEA HOUSING SERVICES COMPANY LLC
http://www.redseahousing.com/
P.O. Box 17365,
Jebel Ali Free Zone
Dubai, Saudi Arabia
Phone: +97 1-4-883-8589
Fax: +97 1-4-883-9731

Red Sea DD links below:
http://www.investorshub.com/boards/read_msg.asp?message_id=12308199
http://www.investorshub.com/boards/read_msg.asp?message_id=12316118

PALM:JUMEIRAH-JEBEL ALI-DEIRA(Red Sea Group located near here)


Video of the Palms
http://www.dubaipropertyauction.com/palmsales/video/marina/video.htm

Here's a little bit of info about
the development boom in UAE:
http://www.propertyworldme.com/content/html/1268.asp

The SLJB/Consultech project is on
Al Reem Island. You can view a
video related to development on
that island by going to:
http://www.sorouh.com/27/
and choosing the "Shams Abu Dhabi" video image
(aka "The Stepford Community Promotional Video").


PIC of UPCOMING SLJB-Al Reem Island
http://tinypic.com/dr3w2b.jpg)

SLJB >>>645mm DOLLAR RESORT in Abu Dhabi,UAE
http://biz.yahoo.com/iw/060421/0124378.html

SLJB >>>PROJECT EXPECTING 130mm in REVS over 2 YRS.
http://biz.yahoo.com/iw/060501/0126164.html

CONTRACT w/INTEC INUSTRIES IN BERLIN TIRE RECYCLING


SLJB >>>Project to GENERATE 30mm Euros. Construction on the site will begin in August 2006 completion date is projected in about 8 months.
http://biz.yahoo.com/iw/060517/0129924.html

Sulja Bros. Merger Leads to Lumber Supply Agreement With Liberian Government....Generate 50mm in next 12months
http://biz.yahoo.com/iw/060419/0123911.html

Truss and Wall-Panel Robotics Facilities Will Increase Niche Production 300% Over Current Segment in Canada



Sulja Bros. currently generates approximately $4-6M annually from an identical process in Windsor, Ontario. The adjunct of the new facilities is expected to increase these niche-specific revenues by three hundred (300) percent within 24-36 months.
http://biz.yahoo.com/iw/060413/0123045.html

This project involves the development and construction of a state of the art lumber distribution center in the Detroit area.Sulja Brothers is also planning a second, identical facility in Louisiana, just outside of the New Orleans metropolitan area.

Projected at $44M/LOCATIONS to generate 22mm ea. in One Year
http://biz.yahoo.com/iw/060411/0122599.html

SULJA BROS.Announces New Hope for Mississippi Hurricane Victims
The 300 units will range in price from $ 80,000 to $ 185,000. The cost of construction is estimated to be $ 29 M. Net profit margin is estimated to exceed 28% sales.
http://biz.yahoo.com/iw/060317/0113672.html

SLJB/Wessal 25MM Private Financing-NO DILUTION Announcement
http://biz.yahoo.com/iw/060803/0150839.html



FINANCIALS http://biz.yahoo.com/iw/060731/0149129.html
3MM extra w/Red Sea http://biz.yahoo.com/iw/060731/0149160.html

SLJB-COMPANY OVERVIEW...Well over 300 COMMERICAL ACCTS.
http://www.investorshub.com/boards/read_msg.asp?message_id=12237925
Sulja Bros. is one of the largest distributors of building materials and wood products in the south-west Ontario and south-east Michigan regions. We are rapidly expanding into the US markets and the Middle East. Our relationships with Consultech and our eminent merger candidate, Consultech Construction Management - Midwest office, guarantees rapid growth to the company and the net profit.

With roots going back to 1987, Sulja Bros. Building Supplies Ltd. is a family-owned, privately held retail distributor of building materials, industrial and hardwood products, and other specialty products. We are one of the largest distributors in south-west Ontario and south-east Michigan.Whether you're looking for hardwood or softwood lumber, boards, structural panels, engineered panels, engineered lumber, hardware, or composite products, Sulja Bros.’ people are ready willing and able to meet the needs of our clients. We are experts in purchasing, sales, marketing, production, distribution, transportation, and logistics and can source products around the world. We have four sales & inventory locations strategically located to serve our customers efficiently. And our logistics expertise in transportation means that we deliver your product when and where you need them.
Over 19 years ago, our founder John Sulja Sr. started a small business which has grown to a profitable family owned company which cares for its clients and employees as if they were family too. Each employee has a stake in our success and is rewarded when the company thrives. This gives us a distinct advantage over our competition: we are dedicated. You can expect us to be aggressive problem solvers, quick to react to changing market conditions and responsive to your needs.

SLJB-UNITED ARAB EMIRATES EXPANSION
Sulja Bros. Building Supplies have 3 new locations being constructed inwere obtained in Abu Dhabi, Dubai in the United Arab Emirates and in Bahrain.

SLJB NEXT REVERSE MERGER CANDIDATE

CONSULTECH CONSTRUCTION MID-WEST DIV.(estimated 150-200mm revs)
Shortly after the merger with Consultech's Sulja Bros. Building Supplies, Ltd., Loftwerks will complete the merger with Consultech Construction Management, Inc.'s Midwest office. That office is currently in negotiations with Federal, State, and Local officials to procure storm relief work outside Biloxi, Mississippi more details will be released at a later date.
http://biz.yahoo.com/iw/060307/0112383.html

Our simply philosophy of excellence has made Consultech a very unique company.
At Consultech, we exceed standard codes and specifications required, thus insuring the safety and overall satisfaction of our valued clientele.
We are proud of our team and their sucesses,recruiting only the most talented and qualified individuals who truely believe in our vision. Over the years we have gained a favourable reputation in the industry, including winning the "MASTER BUILDER AWARD".

<snip>

Allinone have them take pics of the stamped AF's too please while they are there. Thanks.

Thank-you!

Does anyone with a subscription have the full article from the Windsor Star this morning to back up Allinones' post? Thanks.

Want to see answers come quickly? Call CNN or CNBC and start screaming bloody murder. They will jump on the story if enough people call and I know that the Suljas and PV and anyone else involved do not want THAT. They are no rinky-dink local newspaper,and they have contacts all around the globe that can find the "rest of the story" quickly. JMHO

Bogus IMO. The giveaway is "taylor investments" at the top. They are a net/web firm who teaches anyone to publish items on the web, "in minutes". Guess someone did, then reuters pulled it. JMHO, GLTA

Yes, I was speaking of company/company, not company/employee. Should've stated that.