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Stock Hog, Just wanted to let you know, If it wasn't for you posting Alpha Trade Level 2 here at one time, Then I wouldn't be a subscriber at this time with them.
So, I would say you were doing them a service advertising for them. Just thought I'd let you know.
Still worth .48 a share with PE of 15, if Steve's projection on past performance was true.
500,000,000 $15,879,839.69 $0.0318 15 $0.48
Nice to see Steve step up to the plate and take over. Steve had the reputation in the business to begin with. Think we will be fine now.
Out for tonight all. see you tommorrow. Luck to all the Company will respond tommorrow.
Contact Person: Mr. Omar Syed (Accounting)
Company: kore international management
Address: 398, windsor, on, Canada
Zip/Postal: n9c 1h5
Telephone: 519-519-1234567
Fax: 519-519-1234567
Omar Syed
Vice President, Operations Team
Omar Syed joined American Capital in January 2002 as a Portfolio Analyst in the Bethesda office where he was responsible for monitoring the financial performance of portfolio companies, managing and conducting pre-investment due diligence, and performing quarterly valuations. He joined the Operations Team in 2003, and he now provides post-acquisition support to portfolio companies as well as transaction support to the group. Mr. Syed began his career at PriceWaterhouseCoopers working in their Assurance & Business Advisory and Transaction Services practices.
Mr. Syed received a Bachelor of Engineering in Chemical Engineering from McGill University. He is also a Chartered Accountant and a member of the Canadian Institute of Chartered Accountants. In addition, he is a candidate for the Level III portion of the Chartered Financial Analyst Examination and a member of the Association for Investment Management and Research.
Mr. Shahid Khan in Ontario: Here's someone we should be able to speak with in Ontario.
A company spokesperson stated: "We have offered the CEO position to Mr. Shahid Khan, a prominent attorney in Ontario, Canada. With the new CEO on board, the contracts he was involved with will be announced. Mr. Shahid Khan has been functioning as a bridge between our North American suppliers and Middle Eastern Contractors. Mr. Shahid Khan has been the facilitator of many contracts in the Middle East."
Yes, just went through thier site,
PRODUCTION AND SALES PROGRAMME
PART I
Type: INTEC RC 100 - RC 400 tyre recycling plants
Type: INTEC RC 400/05
The most sophisticated tyre recycling plant world wide
Fully cryogenic tyre recycling plant
Skinluvr, what do you make of post 185117? Have you seen this company before in germany?
Does that have to do with the tire recycleing plants. Thanks very much time to roll.
Not only that the reporter even said Petar did have a passport with UAE, Germany and England stamps on them and the UAE one matched the dates of his deals
Hi all, Looks like the night crew is here, just got home from work. May have to increase my Hours after all this.
Still holding 75% of my original position. Can't sell here. It's all or none now at this point.
And thanks Ausus for your assistance on this, much appreciated by me.
Any guesses how long before someone posts from the Company. I would think if Petar wasn't around, at least Steve would step up to the plate to inform us. I think Petar must be around, just no one knows what he's up to.
Good Question,If Sulja's are still tied into this Company, where are they and what are they doing about this?
If not involved anymore, How did they know to get out????
That's my point profit, only thing we have verifiable so far is missed deadline, until I see verifiable evidence to support this being a scam, I'll just hold on to what I have.
At this price, I've already been hit by the Tractor Trailer with my Loss. Not going to bother me to get draged down the road a little further.
Just looking for someone to come and rescue me! Damage has already been done.
And make how many hundred's of percent if a PR comes?
Way I see it, Steve and Sam Sulja has to be worth something after 25 years in Business.
One thing for sure, at this price the reward far outweigh's the risk. Not much to loose here.
I agree oreodiamonds, They will be purchasing someone else's shares far as I'm concerned at this point.
First, after being down 70% on this one, I don't have that much more to loose by sticking it out.
Second, no one has proven that Petar has done anything except not keep his timelines.
One thing is for sure for all these bashers! They have worked hard all weekend to back Petar into a corner. Most of the time when that happens, That person usually comes out of that corner on the offensive.
We'll see tommorrow. My bet is there will be an explanation for what has been happening and why it didn't come friday. If it is a legit reason, watch out as I'm sure many are looking at this low entry price.
I'll bet if everyone posted only verifiable proof of what they speak as truth here, there would be a lot less posts to go through with more good information on the Company.
Still trying like all here to ratioanalize this.
What if All the entities are being converged into one Company with new symbol, Etc?
Then you would have all kinds of Middle East vs. U.S. frustrating accounting issues. This is based on KMPG's Chief statement out of Dubai. Not saying it is this, just possible.
KPMG chief rues lack of convergence in international accounting standards
By Arif Sharif, Staff Reporter
Dubai: Attempts to harmonise two competing international accounting standards is making slow progress and frustrating global businesses, the head of audit and accounting firm KPMG said yesterday.
Michael Rake, chairman of KPMG International, told a regional KPMG conference that the business world is frustrated with the inadequate progress on the convergence of accounting standards.
"We have the US accounting standards on the one hand and the international accounting standards [also called on the International Financial Reporting Standards, IFRS] on the other," Rake said in his opening address to KPMG's partners at the meet.
"They should be converged to a principles-based approach which is more comprehensible, but people feel that is not happening at the right pace. The US GAAP [generally accepted accounting principles] is in a mess and IFRS needs greater clarity in its framework".
Most of the world, including all banks, financial institutions and listed companies in the UAE, currently follow the IFRS, a principle-based accounting system. The US follows the US GAAP, that is now falling out of favour. The accounting bodies governing the two have committed to move together but need to move faster, Rake said.
Thanks justfactsplease, Someone tell me how does Loftworks fit into this picture.
I know as Fact, the Lofts exist in Nashville because I have toured them with the construction Foreman while they were being renovated.
You just can't hide this kind of paper trail. Someone has Title to this. I find it interesting that Dennis and Petar seem to be carring on Business as usual. Certainly not acting like scammers. Most any scammer would be long gone by now.
NASHVILLE, TN -- (MARKET WIRE) -- 03/03/06 -- LoftWerks, Inc. (OTC: LFWK) today announced that the first phase of its merger with Consultech Construction Management, Inc. has been initiated. Sulja Bros. Building Supplies, LTD., the primary distribution arm of Consultech's midwest operations has begun merger protocols with LFWK. The move solidifies the certainty of Consultech's imminent migration into the LFWK public vehicle. Sulja Brothers will serve as the centralized and primary distributor of materials for all future projects. A twenty-four year old business, Sulja Bros. has achieved steadily increasing revenues since its inception that now average over $30M annually. The company currently has assets totaling more than $25M. It is projected that once Sulja Bros. settles into its new role, revenues could top out at the $200M+ within twenty-four months. The increased inventory alone could place the company's assets at over $125M.
LoftWerks CEO Dennis Ammerman stated that the primary reasons for selecting Sulja Bros. for this position were its lengthy tenure in the industry, and the company's ability to retain its large and loyal customer base at percentages practically unheard of in industries across the board -- particularly in the construction industry where builders and sub-contractors invariably target the lowest prices for materials.
A spokesperson for Consultech Construction Management fully condoned the Sulja migration. Consultech has owned the business for nearly ten years and stated that this particular appointment consolidates the three primary aspects of the industry: materials, design and management.
qaswaseas, Now that I like 100%! Verified Facts Only in the I-box. That would draw people to I-hub from all over.
Anyone can assume something as they want to see it.
I can assume the reason Petar missed the PR Friday at 4est was because the SEC delayed him by demanding to see the AF's he said he had.
He had to go to where ever to show them to him because this took priority.
Now, it's done and they will be posted on Monday. How's that for an assumption. Works for me. HA! HA!
Very well said Janniebgood. Amazes me how everything these guys throw out is all speculation without facts.
Here’s how I see it for now! I don't like the way things are right now, however: Mostly not following through Friday at the 4est. Anything could have happened and maybe we get updated before Monday.
The jury is still out on this Audited Financial deal. Everything posted for two day’s for the most part is all speculation. Nothing proven by anyone. Lack of finding something doesn’t mean it doesn’t exist. It also doesn’t prove they do exist.
Yes, Petar did not do what is said he would, but nobody really knows why. Many are ready to hang the man with only thoughts that this is somehow underhanded. Well, I may join the group later, but not till I see the same verifiable proof that many here are wanting to hang Petar on. He should have the same respect till proven guilty of something.
We do know Sulja exists, and according to unaudited numbers posted by Steve Sulja, we have 15.6 million net earnigs divided by 500 million shares =EPS of aprroximately 0.032.
Even if the middle east performance is not there, we are still sitting with assets & profitability. Not bad for a pink.
Who was Steve Sulja referring to on the Sulja board?
Former CEO Steve Sulja, in context to new developments with SLJB, stated today, "I would like to take this opportunity to congratulate Petar Vucicevich as the new CEO of Sulja Bros. Building Supplies Ltd. My decision to resign was made after long deliberations with all members of the Sulja board.
I know for fact, as I live in Nashville, that Loftworks exists because I have seen the lofts being renovated and toured them. (Even as we speak this can be verified) Also spoke with Ammerman. I’m only bringing up loftworks because they are a valid company and not a scam.
If Petar is scamming why would he spend the money it costs on real businesses????
Why did he correct the share count with nevada? Par Share Count: 800,000,000.00. He could have easily come up with a legitimate excuse for the 50 mill extra shares.
Where did the money come from to buy out loftworks?
Was it Adam S. Gottbetter's
Project Financing & Legal Services
I believe Adam S. Gottbetter's firm Gottbetter Capital will be used for all financing needs for the ventures the combined companies LoftWerks, Sulija Bros. & Consultech. "Mr. Gottbetter has created a one-stop shop approach to legal and finance services for micro cap public companies."
LoftWerks, Inc. Announces JV With consultech Construction Management, Inc.: $12M/3-yr. Consulting Services Agreement With Revenue Incentives
NASHVILLE, TN -- (MARKET WIRE) -- 08/17/2005 -- LoftWerks, Inc. (OTC: LFWK) today announced a Joint Venture Agreement with consultech Construction Management, Inc. that mandates a three-year term for design, planning, and consulting services in two target markets: one in Canada, the other in Europe (Germany). The Company's retainer should more than double the allotted $12M (US) with bonuses and incentives based upon performance and revenue production. The Agreement was finalized yesterday evening between LFWK CEO Dennis Ammerman and "CCM-Europe" Director General, Dr. Phil Roth, and will commence with a formal document-signing late next week.
I remember they did post some third party connections as well. Remember
RAMADA GENERAL CONTRACTING
Company Information
Membership Id : 101584
Municipality Id :81608
Company Type : Trading
Organizations Type :Main Member - Abu Dhabi
Company Nationality :U.A.E.
Created Date : 15-02-2004
Renewal Date : 11-04-2006
Expire date : 10-04-2007
Legal Form : National Proprietorship
Contact Name :
Red Sea Group
www.redseahousing.com
Red Sea Group is an international real estate company originating from Israel with an office located in Abu Dhabi, United Arab Emirates. According historical Sulja Bros. press releases, Red Sea Group was brought on to introduce the company, Abu Dhabi and Saudi Arabian construction projects to Middle Eastern investors in conjunction with its Investor Relations function. Read Sea Group appears to be a global player with various business ventures around the world including Red Sea Building Materials Trading, LLC in France and Red Sea Housing Services Company, LLC in Dubai, Saudi Arabia.
Red Sea Group Hones in on Data Centers
By Brian K. Miller
SANTA CLARA, CA-Intent on scooping up as many as possible, the international real estate development firm acquires its third data center here in the past 18 months. The building is fully leased by the soon-to-be-sold telecom company Electric Lightwave.
Red Sea Group Buys Back Class A Data Center
By Connie Gore
RICHARDSON, TX-In a niche play, the investment group cuts a near $8-million, off-market deal for a Cingular-leased asset that it sold in 2000.
Red Sea Group, Provident Pocket 42 Prized Acres in North Dallas
By Connie Gore
DALLAS-With a foreclosure clock ticking, the new JV closes an off-market buy of the last large tract available for mixed-use redevelopment in its submarket, paying far less than the $52-million previous ask for the 857 apartments and 50,000-sf shopping center.
Have a lot more questions and DD but don’t want to do too much at once.
All I’m saying here is I am still not convinced this is a scam. As far as I’m concerned here, I am sitting on a jury and want to see the proof either way before I make my judgement.
If Petar was ever pumping and not holding the cards he says he is, why would he drop Marquee Asset Management. He had them promoting and working free to my knowledge.
Would someone just get the address to the Design Depot! Land or Building.
Wouldn't we be surprised if he posted the AF's with his CEO statement. Talk about catching people off guard.
Well call me a risk taker, I just bought back 75% of my sell the other day because I went back through most of the DD I had saved.
janniebgood, One thing I would like to have right now. I would like for Petar to give the address of the Design Depot in the UAE.
This alone could be verified and a lot of credibility restored even without the AF's. This would prove in my mind the ME connections.
So, if anyone on this board talk's to Petar again, Ask him the address of the design Depot.
We should own the land and be building on it, so there should be an address.
Well fellow shareholders.
Since I still own shares, though not as many. Hell, I wasn't giving away all of them. My opinion is the company will trade based on the DD done by many here and on what the Company proves to be true. All it will take is AF's to prove to the investing community the PR's were true.
Nothing else in my opinion will get this turned in the right direction until that happen's. The AF's were credibility time and still will be.
With that said, once AF's are posted (if posted), Petar must step out of the picture and a new CEO put in place. Petar's credibility is gone with majority of investors IMO for not meeting his own self imposed deadlines.
A new CEO can regain balance to the Company if the financial's are even in the ball park of what was stated in the unaudited numbers.
Bottom line is:
Company can survive this, but Petar cannot if he stay's.
Still want to know exactly what Steve Sulja's role was if this turns out to be bad in the end.
Agree, Still believe the company is legit. Just believe we as shareholders have been manipulated for the dollar.
Even if the numbers are not as good as we hoped for, they want hurt any at this price.
Braden, I'm not buying any more talk for now. Only thing anyone wants is audited numbers. I'm still a long but not as many shares and a good loss.
I wish Petar would put out a PR of what his definition of a Short Delay is! My last post today.
Don't know about most here, but in my opinion, the sulja's and all involved along the way will need to answer to authorities if this doesn't come out as PR's announced.
Well all, I've stayed long enough to have my worst loss ever like many here, even after selling only half my position. Still have some hope but it's dissipating quickly now.
Exactly, 25 yr. old company has over 25 mill in assets before all this. I'm holding for now. If Petar don't post AF's today, he probably will be picked up by official's for questioning.
over 1 mill just bought
over 1 mill just bought