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If the financials take till September 15th, you will be able to buy this stock at .05! The MM's will take it there and there is nothing anyone can do about it! There will be many who will get scared and sell on the downticks! Exactly what the MM's want! If the new IR department is saying September 15, this is not good!
Sure could and that would leave the float at only 18 million shares as long as the insiders held their 200 million non restricted shares. With revenue numbers attach to contracts the results would be mindboggling for the stock price! jmho
Yes I do think there is a large short position out there and I also think that Wessal will start buying up 25% of the company stock. That is what they want, what they will get only the market will dictate. Now if for some reason they are successful at obtaining the full 25% in their account and then put it in certificate form and there is NO dilution from the company, you think this board is the most read board on IHUB now, just wait! This will be one of the biggest stories in 2006 for pink sheet stocks! jmho
My vague conspiracy theory was proven not to be a theory but was actually the truth. I did not like what happened but Chad volunteered his services at no cost to the company to be the IR person. He knows more than anyone and after some further research the company is stronger than ever and Chad is now the fluff boy! He is harmless in his new job! I bought more this morning!
Steve Sulja, here is what you need to do immediately:
1. Announce those that are insiders in the company will not be selling shares. That now makes the float 138 million shares.
2. Update the asset transfer notification with valuation to support the current balance sheet.
3. Get the financials from 2005-2006 filed ASAP. That gives you full credibitlity as the numbers from the pro forma should be within a 10% variance for exceptable accounting practice.
Those 3 things give your company full credibility and the shorts will have no option but to begin their cover because good companies with strong financials and strong assets always take care of those in doubt!
jmho
Market cap of Sulja, currently valued at $37 Million. Asset transfer reportedly somewhere between $25 million and $75 million with projected revenues of $315 million on next years proforma and then and addtional $124 million announced AFTER the proforma for $439 million. Revenues for 2005-2006 is more than the entire current market cap without any multiple. All this put out by the company but no one believes them. The first information we need is the asset value, after that anything else is gravy! JMHO
Actually bought some more this morning!
Army, the company is as solid of a company as you can get. I have said all along they are being set up by Emaar as an exclusive lumber supplier from Canada. They now own the mills and they have the export license. Very valuable! They will be providing Cement and Steel also. Everything is for exclusive distribution to Germany, UAE and U.S. When they post the asset numbers and the audited financials, you will want to own this stock. Chad peeved me off but I can see where his knowledge could pay huge benefits to the company due to his knowledge of the company. I will trust Corvette's conversation with him that he still owns a large amount of share. If he is getting NO compensation then he will work really hard for the company so he can see price appreciation also. The float is amazingly low and the company valuation is hugely undervalued based on next year revenues. Now we need to see some formal filings and it is KATTY BAR THE DOORS!
Corvette, you could not be further from the truth on my intentions of being assigned an IR department for Sulja. I really had a quiet laugh to myself when I read it! The share structure news yesterday was excellent. A pink sheet stock with only a few hundred of million shares in the float with next year projected revenues of $500 million is unheard of! My only problem was with Chad! And until he proves his worth to the company I will continue to hold my concern towards him and his handling of the IR work for SULJA. He has no control over the company's future, I will rely on the SULJA brothers 28 years of business savy for that. jmho
pre, it is a small sales office only! You need to go to Harrow, there you can see the company.
tryintoclimb, I agree with you 110%! IR companies are fluff providers that's it! They are not advertising firms, business strategy firms, accounting firms etc, etc, etc. Sulja Bros. is the real deal! All my personal DD says so! The Sulja's have been in business for years in Harrow. They have a superb community reputation. If Corvette's information is right on his conversation with Chad last nite, then that is fine. For the sake of expenses for Sulja they may be taking advantage of Chad! For us shareholders it strengthens the profit and loss statement. What will give Sulja the true valuation at this point is asset transfer confirmation and audited financials! Steven has committed to them both and if it gets dragged on, well the investing world won't hold him in as high regards as the people of Harrow do. As I have said before, if the numbers are within 10% of the unaudited financials we will have a story told in the penny arena for years! jmho
The problem with your theory is this! The company has anticipated revenues 2006-2007 of $500 million! Why would they give that magnitude of a company to someone with NO IR experience? Makes absolutely NO business sense to me. They could of gone anywhere with those numbers and gotten a professional IR company. Second, I notice on Chad's bio that it says he no longer holds all the licensing listed! That is also strange to me (hope it was a typing mistake) because people here claim he is moving his brokerage office to Marquee's office. Next, who was running Marquee before Chad
as they said they were handling other private companies IR work! Fantastic company that may have made a bad decision with selecting an IR firm. We need more clarification on Marquee and Chad's professional credentials to make this knot in my gut go away! jmho
In view of todays company disclosure and the information provided me today, the trading logs with Bid and Ask set up will be produced daily starting tomorrow!
These records will be maintained as necessary for future use if needed.
If and I repeat if, Chad is Chip then he has broken the most severe SEC rule by posting on a public website for the benefit of his own portfolio if he has been selling while posting on this board and maybe others have also benefited accordingly. If he was truly doing this then he could of reaped 40 million shares at approximately 8 cents per share or $3.2 million if he was one of the 3 people mentioned in todays news. I do have a post on IHUB where he states he has millions invested in this company. Well at this share price that puts him close to one of those 3 in my eyes. I for one hope my opinion is not true as Chip provided some great DD to this board. He even convinced me to buy some more shares. I hope he did not mislead me with his recommendation. SEC investigations in these cases will review computers, phones, phone records etc to see how many more may of been rewarded through insider trading. This is strictly my own opinion and I do not want this type of activity to distract from the company. Now if the company told him I will hire you but you have to sell your shares well I can appreciate that as long as he did not post on this board or other boards while he sold his shares. That is illegal. I also hope that if Chip is Chad that he does an outstanding job for the rest of us shareholders as a contracted IR firm of Sulja!!! We then all benefit from his expertise. jmho, do your own DD before you invest in any company!
Green, is was a private message this morning sent to me that was sent in confidence that started my research. Then when the share structure news came out I tied it to a private message I received from Chip and it all began to fall into place!
sand, I am reassessing all of my information and contacts. I now have asked friends to visit Sulja's office in Harrow, Windsor, Detroit and Lincoln Park MI. I have already had someone give me their feedback of the office on Huron Church Road, in Windsor. I will hold my opinion of that feedback to myself for the time being. Further, I am going to be very cautious with this company until the company files the financials and makes filings of the reverse merger to substantiate the news the company has posted. The share structure with todays numbers is still very, very attractive IF the projected revenues are true. 300 million float is nothing for a company with almost $500 million in next year projected revenues. The asset transfer must be done within the next 2 days or the alarms are going to go off on my computer. I am not going to chastise people for having the hindesight to build a big portfolio to profit from, but if they did that illegally or have been pumping the stock while sell those shares well then we have a legal issue. If that person is SEC licensed and is in a supervisory position then the matter is even more severe. I don't know. I am making my opinion and concerns known. Again, regardless of what or who is selling and making money right now, if the company performs as they have said, this will be a very, very exciting investment. jmho
bob , check the rulings, they have I think 3 days after the sale to file the report of disposition sale. These are not 144 restrictions which need removals or SB2 filings. Some do not file for weeks after but the SEC does nothing for those late filings! jmho
They can sell their shares whenever they want now that the company has increased the issued to 500 million. Anyone with 50 million or more are insiders. By looking at the trading log this accumulation of 120 million shares has been orchestrated from some time ago imho. This news today now tells me that the insiders own 200 million shares that can be traded (insider restrictions apply) 162 million are restricted therefore giving you the 362 insider controlled shares. Now add an additional 120 million held by 3 people who can sell anytime and the small balance of 18 million and you get the 500 million shares issued. Bottom line, 338 million shares are available to sell on the open market by insiders holding common stock and the now designated NON insiders and the remaining 18 million or so! Well we are now getting better news than ever before and we go from .14 to .075! And this has been on some of the best news this company has put out! Something here is not passing the smell test anymore for me! I have the martian antenna's up and am searching the country side for information to explain this! This is my opinion only!
And now these 3 may be those who have been selling into all this news and I would be a betting man that I could possibly name 3 who are posting right here on this board! That means they lock in their profits at the benefit of the new traders they are enticing to buy. This would certainly explain why with such exciting news we continue to deteriorate everyday! Something is up here and the truth will set you free! Insiders are required to file when they sell so we will keep an eye on that one! Was not happy with todays disclosures of who is really sitting at the poker table! jmho
shaw, are you saying Chip, who has been posting here, is actually Chad, the new CEO of Marquee? Isn't Chad's bio say he is security licensed? You better have some facts to back that up cause Chip has been very helpful!
lion looking into that right now! I don't have IM capabilities so my communication is here with PM!
shaw, let me know what is in the brief case!
cdxxm all of the information provided to date is correct! imho. It has nothing to do with the share structure or the direction of the company and its future successes. I am more than confident in my DD. Nothing to worry there! imho
Not at all at this point but based on the information I get there may be a few parties around the fire pit that may be not making full disclosures as required. Think the company is going to be the most exciting stock this year but I just don't want someone to drag dirt along the trail for their own financial benefit! Will let you know when the facts of the investigation comes in!
I will let you know when the story unfolds. The professionals have been given a mandate!
Only if the insiders quit selling! They bought in big in .02 area and are taking profits daily! I am still researching what I found out this morning but right now I ain't a happy camper!
Mike re you PM, you know I too think that is the true identity of you know who!!!
Opinion?? Hang on!!!!! You ain't seen nothin' yet!!
You are about to see every trick in the book pulled by those short to try to get people to sell shares! This is going to get crazy real soon, real fast!!
We are not getting mad! I can wait for as long as it takes for the financials! See I am long!!! I am also about to be filthy, filthy rich!! Not as rich as Chip but none the less rich enough to buy next door to him! Okay, I will wait no longer than the end of September to be this filthy rich! Get the picture yet Bob?
Well for sure as hell the shorters are going to want to cover this thing or at least to attempt to cover as much as they can BEFORE the financials hit and Wessal starts buying! Don't be surprised if we run for the MM's to get some shares before the real damage is done! They will give you .20 per share but I doubt they want to pay you $2.00 to $4.00 per share so I think we are going to see who is really long here very shortly!!!
Well for millions I can wait a few weeks then, but that was just his guess right? I LOVE IT WHEN OIL MONEY GOES AGAINST SHORTERS MONEY!! OIL ALWAYS WINS!!!
Well looky here, just as I previously suspected: a 2 PR day! The short position is reported to be over 250 million per the new IR company? WOW, Chipper you were right all along! The trading has suddenly turned into full panic buying! Did you all see how they are moving this around? By the way, with all that interest from UAE as Steven stated in the most recent press release, I bet you will see the financials real soon so those investors can see why Wessal is buying 25% of the company! They have to see something worth while or the interest they are getting is for not!!!! Look for the financials real soon is my opinion!!!
Well if that bid amount ABLE just posted is true! Wessal is now buying through ABLE!
Here is another part of the puzzle and probably the most important one for the future:
mailto:sljbsaudi@marqueeasset.com (does that say "SAUDI", as in Saudi Arabia?)
mailto:sljbuae@marqueeasset.com (does that say "UAE" as in United Arab Emerate?)
Here is just another little tidbit! When Wessal is done buying the 25% of the company through Marquee "ASSET" Management. The shares will be registered with the appropriate departments and the stock will be held in Certificate form therefore eliminating 25% of the entire issued! I much float do you all think there is going to be left on the street after that? Just thinking outloud on why all of these company's have been formed to remove the middleman from the forest to Wallstreet!!!!!! Maybe Marquee is also going to set up the UAE listing???? Who knows!!!!!! No middleman anymore!!! jmho
Newbie IR Company??? Who do you think owns this company??? This is a conglomerate being built right in front of your eyes and you want to know who this newbie IR company is?? It is Wessal, its Emaar thats who it is!! IMHO, through their asset management division they can now represent the Wessal in their purchase of 25% of Sulja!!!! Did no one put 2 and 2 together yet?????? Now Wessal can start buying, they have an asset management/brokerage firm representing them with no profit spreads built in and U.S. portfolio holdings! I can't believe you all can't read between the lines on this one!!!! jmho
IMHO, one of the best buying opportunity you are ever going to have! Stay close to the computer!
Could this be a double news day now that the IR department, (see you did not see me call it a seperate company) is in place?
Here is all of your answers in one page folks! http://www.marqueeasset.com/overseasexposure.html
Did you all know this entire company can now be bought for a messly $68,000,000.00??? That means someone can buy the company and the pro forma revenue for 2007, the real beginning of this company, exceeds the entire current market cap!!! Now that Wessal will be one of the major shareholders, $68 million market cap seems alittle low to me!!! jmho