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Ragar, I apologize in advance and if you have to delete this post I will understand but I hope you do not as I need to get this off my chest.
Bizzyboy, your post is one of the most foolish I have read in a long time on any of the boards I peruse. If you are being paid to be ignorant then someone is paying you to much!
What would make you happy? If you cannot believe an audit from PW then you have major problems and probably should be putting whatever money you have under your mattress/cot/sleeping bag. What would make you happy, for the company to invite you to hdq's so you can count the lightbulbs, rolls of tp and erasers?
Granted there have been audit problems/error's in the past but if you with your DD(?) will not take the risk of believing a signed off audit what will you believe?
There are way to many negative folks on this board who need their hands held. However there are also many posters who contribute quite a bit of good info and insight and to those I say thank you.
Alright now I can put the bottle of pink liquid away.
MHS
Skinluvr, I agree with you however I would bet that most of those nusiance calls are coming from the flippers and shorts. The serious longs know what they own and why they own it and are not hanging on to every pr and seeking verification as soon as one comes out.
When a pr is issued that contains names of actual companies and words such as finalized, that to me is verification. If a company is perpetrating a fraud then it will not open itself up to SEC or civil liabilties by being specific in it's public pronouncements.
I for one would love to get rid of these flippers and shorts as their actions are a big hinderance to the advancement of the sp. Posters like Charlatan who are gleeful that they can take 70,000 shares (my calculation) and make $350 will be crying in their soup when they someday realize that $350 could have been $70,000 or more.
Until then I agree with you when you say, Do not call our Vendor's!!!!!
MHS
We now have a floor!!! With no other revenue (ridiculous) this multi year contract with a net of just 8% per ton at a minumum is worth four cents a share. That is not only my opinion but it is simple math. Way to go!!!!!!
MHS
ATM, well thought out and insightful post.
TFN.. I stand corrected in that I wrote that the audited financials were a rumor as the date has been noted by the company. However, I still feel my premise to my post was correct. We should stay strong with an upward bias in the sp as we get closer to mid Sept. You are correct in that if for whatever reason we do not see the financials or if there should be a cpa signing with exceptions.
I personally look forward to being pleased by the end of this month and I am Long!
MHS
A possibility for Board discussion. Reading Garym post made me think of a possible but improbable scenario. I would appreciate any and all to tell me where I have gone wrong.
We have been told that although Wessal has announced they can start buying their 25% stake on the open mkt at any time they have not started yet! Garym questions where and why there are million share blocks being bt/sld at the end of many of the past trading days.
Could it be that Wessal has a puppet purchaser or two or three working for it who is buying shares which it intends to flip on the open market to Wessal? This would allow Wessal to accumulate all or a large part of it's position without moving the stock substantially, without violating any insider information and still be buying "retail" at the time of their chosing.
This tactic is used in real estate all the time. Big developers
who need to purchase large parcels especially when owned by many different entities or individuals rarely do so directly. They use agents to accumulate for them.
Could this be?
MHS
If experience has taught me anything it is my belief that between now and the 20th of Sept (mid Sept) we should see increased volume with a strong and steady bias to the upside in sp. This is based on the old axiom buy on the rumor. Of course the "rumor " I am referencing is the anticipated audited financials.
Of course the fly(s) in the ointment could be any one or more of the following:
1. The audited financials are delayed
2. The audited financials do not include the Q ending Aug
3. The audited financials are not fully signed off by the auditor.
4. The MM's will not allow this to move up in anticipation but keep selling (naked) to hold the price down.
Of course this is just my humble opinion and as is true with most of us we know nothing until we all know it all.
MHS
Penny... I also watch charts but also deal off of fundamentals. Just a couple of quick questions if you
don't mind....
In one of your recent post you said you only follow the charts and yet in another you said you have no idea how far this can go based upon fundamentals so in a situation like sljb do you bail on half at a chart point and carry the rest based on what might happen fundamentally?
Also in this post you say this could be anywhere from a 2 - 50 bagger (I assume you mean from this level and not sub penny). Quite a spread I am sure you would agree does this type of spread possiblity drive you nuts or do you just move out of your position on the way up in a graduated fashion.
I find it difficult to trade in and out on a stock such as sljb so I have been long and holding just having taken out enough to cover my inital position. I feel comfortable playing with opm.
Thanks in advance for your response
MHS
Ragar...OT.... I would like to thank you for the time that you spend moderating this board. I can only imagine how much of your time it takes. I will say that as a shareholder of Sulja I use to find the information on this board mostly helpful and insightful, however today took the cake. I returned late tonight and after perusing the days post all I can say is how disappointed I am about what has happened to this board.
The distasteful post that I bothered to open (skipped most) were stunning in their number's. If I were you I would be banning most of the posters that presented today. I would think that you are going through a case of the pink liquid after a day like today and I wonder how much longer you will be able to put up with this mess.
As far as I am concerned the quality of most of the post today belong to a sub penny stock and not to the stock of a company that I believe has large upside potential.
May the Lord give your strength
MHS
Okay if we and others (such as mentioned in the Forbes article), are being naked shorted and that is againist the law, why don't the Fed's step in and force all these infringers to make the brokers involved to cover.
This would be easy to do for these giant firms, expensive but very doable. The SEC has the ability once they see this practice going on to take immediate action. I don't understand why the legitimate companies being hung up by this action are not screaming to their Congressmen for the lack of SEC action.
Ok, now I would appreciate real responses from the board telling me I am simplistic or do not know what I am talking about.
Thanks for your responses
Angela where are you? Last I read you were going to Florida to check things out.
Ok, let's have some fun..... The pr from yesterday said that
".... within a year, we will give them one of the greatest short term returns in the stock market".
Anybody want to list what some of the greatest "short term returns in the stock market" have been? Let's keep it to percentage returns and not dollars and cents. And remember it has to be less then a year from yesterday to keep it short term.
I know this is speculation but I am using the actual words issued by the company so I think it is fair game. Words mean something! This should prove interesting
But it is highly unlikely that they will fudge numbers.
Know what you own and why you own it!
Rager, cintrix, sublime, as moderators of this board I would think that you have all the pertinent information of previous moderators - (such as real names). Therefore would you put to bed this thread that Chip and Chad are one and the same individual?
Thank you
Stockprofit that is what I have been saying in all of my post today. These shares are all in the float and 338 million shares is not unsubstantial. In addition if any of the old insiders sell a portion it may be so that Wessal is able to buy their 25% share in the open market. As far as dumping I do not think so as it would be one or more insiders selling whereas a new insider (Wessal) is buying.
Let's see if I can explain. IMO there are according to the PR only 168 million shares of insider shares that are restricted. Therefore the rest can be traded and can be considered available to be sold into the public float.
An "insider" might consider letting go of half of his/her position, say 20 million shares at 7 cents to increase the public float which will help move this out of the single digits. It is unlikely that sljb will ever see 4 - 5 dollars a share if there is not enough of a "public" float for the public and institutional money to buy. If I as an insider (and I am not) had 20 million shares left after selling 20 million at 7 cents and the share price rose to a reasonable $1.50 a share that would give me $30 million dollars. If I kept all 40 million shares I doubt I would ever see anything close to that p/share price.
This is my opinion and I think it is reasonable.
allinone, this is why I think it may not be a bad thing.....
The glass is half full or half empty so what do you see? I see the glass half full as I believe that "insiders" with large positions in this stock and whose stock is not restricted, are going to or are selling down their position to increase the "retail" portion of the float. I think this is a positive and here is why.
If I had 40 million shares (pick a number) of a penny or sub penny stock (lets take 7 cents a share) and knew that good things were about to happen with the company. However, the share price of this up and coming company probably was not going to follow the company because it was too closely held by insiders I would sit down and figure out the answer to the following questions.
1. Do I want to own 40 millions shares at .07 with a worth of $2.8 million? or
2. Do I want to sell say 20 million shares into the market into strong (hopefully) hands, get real interest in the companies stock and watch it go to say $1.50 p/share and personally have 20 million shares now worth $30 million
dollars? (post #51293)
Jimmym4... I think you are way wrong. I have attached a post which I think will show the real float...........
What don't I understand!!! I reckon that there are 332 million of the 500 million issued shares that are available for Wessal to purchase in the open market. Of the total of
insider shares (362 million) only 162 are restricted which means that they are not available for open trade. Insiders can sell on the open market and file that they have done so. In reality the public float therefore is 332 million shares.
Wessal can purchase the 25% position from the pool which would still leave 207 million shares issued and non restricted. All of this seems pretty open to me.
So if I am wrong please tell me where.
Thank you one and all
The glass is half full or half empty so what do you see? I see the glass half full as I believe that "insiders" with large positions in this stock and whose stock is not restricted, are going to or are selling down their position to increase the "retail" portion of the float. I think this is a positive and here is why.
If I had 40 million shares (pick a number) of a penny or sub penny stock (lets take 7 cents a share) and knew that good things were about to happen with the company. However, the share price of this up and coming company probably was not going to follow the company because it was too closely held by insiders I would sit down and figure out the answer to the following questions.
1. Do I want to own 40 millions shares at .07 with a worth of $2.8 million? or
2. Do I want to sell say 20 million shares into the market into strong (hopefully) hands, get real interest in the companies stock and watch it go to say $1.50 p/share and personally have 20 million shares now worth $30 million
dollars?
What don't I understand!!! I reckon that there are 332 million of the 500 million issued shares that are available for Wessal to purchase in the open market. Of the total of
insider shares (362 million) only 162 are restricted which means that they are not available for open trade. Insiders can sell on the open market and file that they have done so. In reality the public float therefore is 332 million shares.
Wessal can purchase the 25% position from the pool which would still leave 207 million shares issued and non restricted. All of this seems pretty open to me.
So if I am wrong please tell me where.
Thank you one and all
Tradingi.... great info that Paul gave you it would make for a great press release (assets trf'd, udit in two weeks etc...) so do you think they will put it in writing for the world to read? People can say anything but when it is diseminated in writing that is what will make our shares fly. I had put the same questions to them in an email and will share the answers when I get a response. Once again thanks for sharing.
Question, Speculation either would be much appreciated. Who in their right mind would be shorting or naked shorting SLJB at this time? With the share price at .09 or there abouts or even when it is at .06 or so where is the upside for the shorters vs. the potential for a substantial loss.
SLJB is a viable company with an interesting and compelling story. If even part of the this story is true those who are short will take it big time in yep you guessed it the shorts! Any MM who is naked short should have their head examined and if it is Nite those that might be playing this game have some explaining to do to the big wigs higher up.
We are expecting the asset news this week, there are the audited financials due out soon as well. If any of this is as good as we hope or half as good then anybody short will be covering at much higher prices especially if the news comes out after the market is closed. Can anybody give me a good and rational reason why any fically sane person would take this risk?
I look forward to your responses.
Thank you
Thinman interesting post and very likely the scenario that is playing out. However, and know that I am long, why do you feel that when they are done getting their initial position that they will not maintain the same trading methodology and attempt to pick up our shares on the dirt cheap?
Thank you for your reply
Move directly to Jail and do not pass Go, that as well as a massive fine is what is going to happen to those involved with the company and the MM's if this proves to be scam (I don't think so). The monies being made here by insiders who some of the posters say are involved in this scam is not large enough to pay those fines or pay for the defense team that will Try to keep them out of the slammer.
I am not bright enough to know what is going on but I assume sooner rather than later we will see.
Know what you own and know why you own it!
Drudge Report has long article on, The Palms
in Dubai. Good pr for SLJB if only we were mentioned.
http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=399673&in_page_id=17...
I am long and strong (?) but there is one
possible negative re. SLJB and Wessel
that I have yet to see discussed on the board.
What would the companies contracting
viabiltiy be if all h**l breaks out throughout
the Middle East. As it is Iraq is a mess,
Lebanon and Israel are at each other
and Iran is the fly in the entire ointment.
Don't mean to be negative but has anybody
thought what this all might mean to SLJB
and therefore to us.
Thanks for the reply and know this is not
to bash just to ask.
Chiphldr, let's see if I get it.....
By the reverse merger into LFWK, SLJB now has a public trading vehicle. As LFWK was sub to penny or so at the time they agreed and they took some 200 million shares or so at sub they actually went public for just a few million dollars in cost.
Any shareholders of LFWK (which I am one) received the benefit of SLJB revenue and profit almost immediately (although it has not yet been published publicly as audited results). The goal for all us longs is to watch SLJB increase revenue and therefore hopefully profits as well as to watch another entity CCW reverse merge into SLJB which will make this an even larger concern. Hopefully all of this will happen and with greater revenue and profit and higher sp SLJB will move to a more substantial exchange and off the pink sheets. Now the question's.....
Do I generally have the correct gist of what is happening?
And finally, why would that fax that was posted yesterday cause such a sell off as it did not seem to say anything negative?And why are there so many pictures etc on this page as it always takes a while to scroll down to what I consider a very interesting web site and I do appreciate your comments in your post.
Thank you and looking forward to reading your response.
Marc
Tradingismylife....please expound and explain
why you feel an L2 service is a must for penny's.
Your reply would be much appreciated.
Thank you
Brent
Here is the link to the latest post of tucci dd for PTSC it was posted this June.
Marc
http://www.agoracom.com/nonmemforum/msgreview.asp?id=489305&refid=0&orig=489305