Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Only one truthful press release was announced by SLJB: The PR in January of 2007 that indicated all other PRs from SLJB were a crock. Although not stated explicitly in that PR, it covered all subsequent PRs as well (Search and Destroy, Westward Expansion, etc.).
You did not deny saying that SLJB is a scam. The logical, rational conclusion is that you said it.
Now you say you only speak for yourself. A few posts back you said you spoke for all SLJB longs. Which is it? Why the inconsistency?
So you're saying that you speak for all SLJB longs? When did they appoint you as their spokesperson? WHY would they ask you to speak for them, when you have said on this board that SLJB is a scam?
Gary Rennie writes facts about SLJB. The actions of Petar V, Steve Sulja and Andrew deVries are what cast SLJB in such a negative light.
I bet PV blinks before a verdict is read. Not sure when it will happen, but I have to believe he will take a plea even if the Crown insists on quite a bit of jail time.
Hoping, anyway...
Do your own due diligence. You have already stated here that SLJB engaged in discrepant activities; that's tantamount to you calling SLJB a scam. And in that regard (that SLJB is a scam) you are correct.
You yourself, hockmir, have already stated on this board that SLJB is crooked. What more proof do you need?
Those who think SLJB is a SCAM vs. those who don't:
Those who have acknowledged that SLJB is a SCAM:
hockmir (on this board)
slojon (on other boards)
couchptado (on this board)
johngaltsghost (on this board)
... wait, this list will take too long... let's work it the other way...
Those who deny SLJB is a SCAM:
scorpio70
eliaman
This is not a case of the "Emperor's New Clothes", but rather the "Wisdom of the Masses".
There is no evidence SLJB has ever been anything but a scam. There is ample evidence SLJB is nothing but a scam.
CAVEAT INVESTOR!
Do you think Leslie Budway will/should be charged too? What about Mian Siddiq? Gary Rennie? Guilt by association seems to be your "book" of logic...
If you are willing to provide a link to what you were reading about SLJB and its rogues' gallery, I would appreciate it.
TIA
WooHoo! Post 300,000! Now I have to keep it on topic...
OK, here's another SLJB discussion question:
When Black Pete rolls, will he try to hang all the blame on Steve Sulja? Or will he really fess up and say it was all Andrew deVries?
Rumors are that Black Pete won't accept any jail time. Who thinks he will cave in and take a plea bargain?
I think he will, since he was too chicken to release the bogus financials... he will choose not to risk a LONG sentence for a(n unjustly) short one.
Anyone else?
What do people think SLJB will do up to and just after Black Pete's next court date and the next OSC confab? I mean specifically what will shares of SLJB do? Do you think we will see an uptick in volume? Buying? Selling? Or the same old sporadic high volume days followed by several no volume days?
I think the PR issued in January 2007 that said don't believe any other PRs of SLJB is mostly truthful. The January 2007 PR should have made clear, though, that it also referred to any future PRs as well. That is, the idiotic seek and destroy PR, the claims of expansion into Alberta... they were all lies, just like all of the other SLJB PRs, except the January 2007 "Don't believe anything we say" PR.
Please DON'T call the number listed in the link on slojon's post. A very nice sounding old lady answered and told me I had a wrong number when said I was trying to call Sulja Brothers Building Supply.
Not very interesting now, huh slow one?
Shorting has no relevance to SLJB anyway. There is not now nor has there ever been a material short position in SLJB.
SLJB's price plummeted nearly 3 years ago because the market faced the undeniable fact that SLJB is nothing but a scam. There was not and is not any conspiracy of shorters, naked or otherwise, against SLJB.
There was, however, a conspiracy on the part of Petar Vucicevich, Andrew deVries and likely several others against people who bought SLJB hoping to get rich quick.
Looks like someone lost faith in SLJB this morning...
3.6 million @ $0.0001
Maybe one of the "inside six"? Whoever it was, at least he or she got enough out of the trade to make one more payment on that used Chrysler K-car rusting in the driveway.
There never has been a material short position on SLJB, naked or otherwise. Anyone who blames shorting for SLJB's price plummet is deluded.
SLJB is nothing but a pump&dump scam. That's all SLJB ever has been, and that's the truth.
Not really. It's standing policy at IHub to discourage use of the words "pumpers" and "bashers" in the interest of promoting civil discourse. If someone really is a "paid promoter", "promoter" is the word to use.
Thanks, Janice. I did not see this mentioned specifically in the TOS, and it was not explained by the admin (who seems to have severe communication/comprehension problems) when he deleted my post.
So this leads to another question: IHub at some point started to allow profiles to show that a poster is a promoter. Was this done because IHub felt some CYA need given Matt's alleged history of abetting pump&dumps? That is, do the folks running IHub think that by providing a mechanism to show who's promoting and who's just positive on a stock that they will be less liable?
In cases like this, does the SEC usually expand the charges and charged? That is, should we expect the SEC to name more individuals who were involved and more companies that were used in pump&dumps? Or was the first salvo all there is going to be?
I wonder if SLJB will be caught in this net. It's very clearly nothing but a pump and dump scam, and many posters have said IHub was actively suppressing all negative posts about SLJB while the pump was going on (2nd half of 2006). Within the last two months I was ordered by an IHub admin not to mention paid pumpers on the SLJB board. This makes me wonder if they are trying to cover their tracks.
Anyone have any info on how situations like this usually play out?
TIA
I think the no bid situation reflects the fact that the stinky pinky market in general is aware that SLJB is, beyond any reasonable question, a total scam.
The lax official oversight of the OTC market makes it the ideal breeding ground for scams like SLJB. There will always be a supply of newbie investors, ready to get rich quick, who fail (or even cannot, given total lack of transparency) to do due diligence.
However, like a toilet that is not cleaned, scams like SLJB will eventually become so totally putrescent that anyone, even those with a raging desire to make a quick buck, will see immediately that all the money to be made on the stock has already been made by the pump & dump scam operators themselves. In the case of SLJB, the pump and dump scamsters certainly include Petar Vucicevich and Andrew deVries, and may include Steve Sulja and others.
SLJB's waning liquidity effectively means that them what has shares has shares. Period. They cannot dump them at any price, try as they might. Shareholders now have to wait for the inevitable declaration of SLJB to be a worthless security (which is all it ever has been) so that the large scale (>$3k/yr) tax write offs can begin.
Do your own due diligence.
A while back hockmir acknowledged on this board that SLJB is a scam.
You do realize that the information in Jannie's post has been in the public domain for over 20 months? Steve stated this for the record in September 2007 in an interview with Gary Rennie, which was published in the Windsor Star.
You do realize, of course, that SLJB never had any operations at all, right?
You do realize, of course, that SLJB never had any assets at all, right?
You do realize, of course, that SLJB never had any revenues at all, right?
You do realize, of course, that SLJB was never anything but a pump&dump scam, right?
Even with extraordinarily good timing, the ill-liquidity of SLJB means a trader won't make more than $50 or maybe $100 dollars, less commissions and taxes. And that $50 would come at the cost of focusing all of your attention on the market for days or weeks to trade at just the perfect moment. Not worth it.
No evidence of any material shorting of SLJB, because there never was any material shorting of this stock.
Overwhelming evidence of SLJB being nothing but a pump & dump scam for its entire pitiful existence.
Not one shred of evidence of paid bashers of this or any other stock, but plenty of evidence of paid pumpers of SLJB.
Let's see, today SLJB was up $0.0001 on volume of 250k. So if someone perfectly timed their trades and bought yesterday and sold today, they would have made $25, less trading commissions and taxes. <$25 for watching the market like a hawk for two days and being lucky enough to buy and sell at just the right time... no, the bragging rights for such an outcome are not worth the opportunity cost. Not by a long ways.
SLJB never owned anything, not that it matters now.
SLJB has never been anything but a vehicle for a pump & dump scam perpetrated by Petar Vucicevich, Andrew deVries and a host of others.
SLJB never owned any part of any legitimate business.
However, in the interest of looking at what ifs... What if SLJB did indeed own a part of Sulja Brothers Building Supply (which it never did)? It would not matter at all now, since all businesses Sulja are long gone.
Have you changed your mind on your previously stated belief that SLJB is a scam? There certainly is so much evidence supporting that view that anyone would correctly conclude that SLJB is nothing but a scam, what with the cease trade orders, the criminal charges and all, and the complete lack of any exculpatory evidence.
I don't understand is why some folks, like hockmir and slojon, continue to demand documentation when they have already acknowledged that SLJB is a scam.
It's understandable to admit SLJB is a scam, since there is a mountain of evidence showing this to be the case, and no evidence at all otherwise, but why keep asking for more evidence (or the same evidence over and over)?
Clicking on any of the links in the IBox will show any reasonable person beyond any doubt that SLJB is a scam.
Evolution of SLJB?
In the beginning: LFWK (nothing but a scam) renamed to SLJB via misdirection and deception.
SLJB status: Scam
Spring/Summer 2006: 100% false press releases made trumpeting fabulous deals for SLJB.
SLJB status: Scam
Autumn 2006: 100% false press releases made trumpeting the imminent release of audited financial statements.
SLJB status: Scam
Winter 2006/2007: OSC halts trading of SLJB, SLJB issues its only honest press release ever (you remember, the one that effectively said "Don't believe anything we have said, say or will say").
SLJB status: Scam
Spring 2007: 100% false press release made trumpeting legal victory over "evil internet message board bashers". 100% false press release made trumpeting Sulja Brothers' expansion to Alberta (SLJB never owned any of the dwindling operations of the Sulja family.)
SLJB status: Scam
Summer 2007: ASC halts trading of SLJB. Premium Building Supplies (of which SLJB never owned anything), despite being littered with junk food wrappers, never sells anything at all, and goes into immediate default on its lease. All remaining operations of the Sulja family(of which SLJB never owned anything) cease operations.
SLJB status: Scam
Autumn 2007: Steve Sulja, CEO of SLJB, says SLJB never had any deals of any kind.
SLJB status: Scam
Winter 2008/2009: Petar Vucicevich is charged with criminal fraud for his actions as CEO of SLJB in which he perpetrated a pump & dump scam.
SLJB status: Scam
There has been no evolution of SLJB over the last three years. It is, was and always will be nothing but a scam.
SLJB is(was) a Nevada corporation
Corporations are a legal entity and in most cases are treated as an individual person in matters of litigation. This is why corporate officers are (usually) absolved of personal liability with regards to the performance of a corporation.
Steve Sulja's other corporations don't have any more legal/financial ties to each other (including SLJB, which is nothing but a scam) than individual tenants living in the same apartment building have.
Consider this: In California, real estate developers usually start a separate corporation for each subdivision which they develop. At any one time they may have several operating corporations all of which are run by the developer (who is CEO of each). If one of these developments (corporations) runs in to trouble (discovery of toxic waste, litigation by environmentalists, etc.), the individual corporation can be bankrupted and the assets of the other corporations of the developer cannot be touched by creditors/shareholders of the bankrupt corporation.
All of this talk of IT being de facto part of SLJB is nonsense. Steve Sulja set up IT in Nevada because it has rules of incorporation that are very very friendly to corporate officers, and not at all friendly to shareholders.
SLJB is a scam, and that's all it ever has been. SLJB has no revenue, no operations, no assets and no claims to revenue, assets or operations of other business entities.
SLJB is way overvalued at $0.0004. Any share price north of zero is too much for SLJB. The reason: SLJB is nothing but a scam, and that's all it ever has been.
Sure, SLJB may continue to trade for a while, but that's only because it's such small potatoes that the SEC isn't even aware of SLJB and won't suspend trading on it.
Least bad thing that could happen for shareholders: Immediate cessation of trading and (rightful) acknowledgment by the relevant authorities that SLJB is a worthless security. In this scenario at least the one time tax write offs can commence.
Notice I said "least bad", not best. There is no best with SLJB, only shades of bad. Best would have been never spending a penny on this stinky pinky.
Someone sure is dumping SLJB. They probably figure $440 in the pocket is better than 1.1m worthless shares.
When SLJB's registration is completely tanked (happening tomorrow), how will trades happen? Same way as now? Or will there be some back alley, skid row transfer agent who trades hopelessly corrupt and broken shares (like SLJB)?
At this time, no one will make a life-changing amount by trading SLJB.
Even with impeccably timed trades, the most a trader could hope for is to make a few hundred dollars per week.
SLJB is a scam, and will never be a good investment. Any money flushed into SLJB for the "long term" is as good as gone.
No amount of alleged links to other companies, supposition about recovery of losses or wishful (but completely baseless) projections about SLJB's future will change this.
You yourself have acknowledged that SLJB is a scam. Does anyone have any evidence that SLJB is not a scam? It's been over two years since the evidence of SLJB being a scam, of never having had any operations, never having had any revenue and never having had any assets (ever) has started to come to light. Yet in all that time, not one bit of evidence any amount (however tiny) of legitimacy for SLJB has ever been made public. Applying Occam's Razor, the only realistic scenario any rational person would believe is what has already been shown to be fact: SLJB was never anything more than a scam.
SLJB has no assets.
SLJB has no operations.
SLJB has no revenue.
SLJB never had any of these items, items which legitimate public corporations consider essential.
Tenuous (heck, more like vaporous) links to other businesses and unsubstantiated inductive logic regarding contact info don't change the fundamental FACTS about SLJB:
It's a scam and it always has been, and it is a horrifically bad investment (now or in the past).
SLJB IS A SCAM
There are mountains of evidence that confirm the fact that SLJB is a SCAM.
There is no evidence at all that indicates SLJB is not.
Think about this: SLJB has been under a cloud of suspicion for 2.5 years. In all that time, more and more evidence has emerged to substantiate the following facts:
* SLJB was never anything more than a pump & dump scam.
* SLJB never owned any assets
* SLJB never had any revenue
* SLJB never engaged in any legitimate business operations
In the last 2.5 years, not one small bit of evidence has ever come to light to show SLJB to be anything but a complete and total fraud.
Think about this: What other cases have transpired where a company went totally silent and dark for over two years and emerged into the light clean, whole and legitimate all along? NONE!
As for trading SLJB for a profit, is it ethical, or even moral, to try to profit on a stock that is a scam? In the case of SLJB, even without the moral questions, the total value of the trades on average is less than $250 per day. Even with impeccable timing of trades, the profit potential with SLJB is very very small. The opportunity cost (tying up money better invested elsewhere, wasting time trying to trade at just the right second) outweighs any profit derived.
Yeah, SLJB was never good as anything but a scam.
Flushing money into SLJB today is risky in the extreme, given the low liquidity. As other posters have noted, perfectly timed trades might net a risk-seeking gambler around $500/month, but the probability is much higher of total loss. This situation is if you are just interested in trading, not diligent investing.
For real investors, those who seek long term performance, SLJB has always been an unmitigated disaster. This is to be expected, since SLJB never had any operations or assets or employees, etc... just what one would expect of a company that was never anything more than a pump & dump scam. That's all SLJB is, was and will ever be: a scam.
Any private investor can easily evaluate SLJB as an investment: It's downright awful!
SLJB has no assets. The only functional business that was ever involved in this mess was the Sulja lumber yard. And let me be clear: SLJB never owned any part of that lumber yard. Through deliberate deception and illegal behavior Petar Vucicevich, Andrew deVries and the rest of the rogues' gallery duped people into thinking that SLJB had many assets and revenues, but in truth, SLJB NEVER had ANYTHING needed by a going concern! And now, even the lumber yard is gone forever.
No one needs to wait for any additional legal processes to discern that investing any money into SLJB at this point in time will only produce negative returns on the investment (that's a bad thing, in case you're wondering). No one needs to wait for any additional legal processes to discern that hoping for an extant investment in SLJB to "pay off" is just setting the poor bagholder up for more bitter disappointment.
Does anyone still think SLJB really had cement deals?
What evidence is there that SLJB ever really had any deal at all with any business in the middle east? There were rumors swirling about a business being opened in Lebanon under the Sulja name, but none of that was ever verified. Moreover, the people who were supposedly setting up Sulja Lebanon were the Ghandour family, who have been arrested en mass for a variety of crimes in Canada.
Cement is a commodity. It's not like a construction firm HAS to buy cement from a single source. If one cement source of a construction company could not deliver as promised, the construction company would find a more reliable supplier. There's no way any building project would wait 2 or 3 years (or more) while SLJB sorted out its severe problems in order to get a delivery of cement. If there were deals, SLJB certainly would have defaulted on them by now, and SLJB would have been sued for breach of contract. Since SLJB has no operations or employees, it's clear that they never delivered on the contracts their PRs claimed. Since no lawsuit has been brought for breach of contract, it's equally clear that SLJB never had cement contracts to begin with.
In addition to the total lack of cement deals, there are absolutely no other operations of any kind by SLJB, junk food wrappers and tree leaf colors notwithstanding.
So what do we have in SLJB? Nothing but an empty shell corporation whose registration is going to expire in a couple of weeks; an empty shell faced with extensive legal troubles and with no hope of any revenue or real business operations ever.
What evidence is there that SLJB is even a long shot in terms of investing? All there really is with SLJB is a certain tax loss write off.