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Many people were upset though back then, that Dennis was "out" They liked him and his vision. I remember getting bashed becuase I posted my conversation with Dennis, in which he stated he had nothing to do with LFWK anymore. That is when Peter took it over.
If you can go back to my old, old posts, I had posted a link to a real estate firm that was marketing the lofts in Nashville for Dennnis. I had even spoken to Dennis back then. He politiely told me he had nothing to do with SLJB. He said he advised his friends to "hold" the stock, so at the time, I was pretty excited about that.
I don't belive that anything related to Dennis carried over. There is an old PR that Consultech paid Dennis 1 million? (was it 10 million? 10 seems too much) and I think that money basically bought the LFWK shell and its following. It was worth the money to Peter, because it was already aq good story, and Peter made it even better. I heard Dennis was in financial chaos, so he was glad to take the money and exit. Just MHO.
Some here would be better served trying to credit Steve, Peter, and Andrew, instead of trying to discredit some posters here. There is plenty of hounding and sleuthing to do on the three stooges. JMHO.
Vucicevich gave The Star a tour of the Sulja Brothers’ Harrow construction materials yard to prove that it was a bustling business with 28 employees. “This is not a fraud; this is a serious enterprise,” he said. (from 2006 windsor star article)
Why on earth would Peter close a bustling business? A serious enterprise. You really have to ask yourself that one, IMO. Now it is shuttered. Locks on the door. Is that right? And Calagary is shut down, seized for non-payment of rent. What in heavens name does anyone like about this company?
Longs, what do you like?
Worth reading again. Owe $56K for Calgary. Will he deny that, too?
Posted by: fdjr13
In reply to: None Date:11/18/2006 9:23:38 AM
Post #of 284474
NEWS ARTICLE FROM WINDSOR STAR:
Penny stock king denies $100,000 lease debt
BY GARY RENNIE STAR STAFF REPORTER
A local businessman who has created a sensation on North America’s penny stock market with plans to develop a US$645-million hotel complex in the Middle East has been accused of stiffing his landlord for the rent on his former corporate offices in Windsor.
“They did a midnight run on me,” said Joe Mikhail, a major commercial property owner in Windsor and Essex County.
Petar Vucicevich and his small staff bolted in the night about eight months ago owing $100,000 for a yearand-a-half of rent, the unpaid portion of the five-year lease and cost of renovations for the offices, said Mikhail, who recognized his former tenant’s picture in Thursday’s Windsor Star.
Interviewed at his Colchester residence later Thursday, Vucicevich, the CEO of Sulja Brothers Building Materials, denied owing Mikhail any money. He insisted he paid a few extra months of rent just to get out of the lease. “I don’t owe Joe anything,” said Vucicevich.
According to a news release issued by one of his companies, Vucicevich — as director general of Consultech Construction Management Inc. — was in the United Arab Emirates in April to buy land and launch construction of a $US645-million luxury hotel on Al Reem Island in Abu Dhabi. He showed The Star his passport to prove he was in the UAE in mid-April.
The hotel project is the largest of a number of multimillion-dollar deals — including a $20-million commercial development in Colchester Village — that Vucicevich and his companies have promoted to investors.
Sulja Brothers is one of North America’s hottest-trading penny stocks. On Thursday, more than 171 million shares of Sulja stock were traded, with the price per share dropping from nine cents to four. About 67 million shares traded Friday with the price closing at three cents a share.
Until the website for Vucicevich’s Consultech company was taken down “temporarily” earlier this week it still showed the Mikhail property as its Canadian headquarters. The Star paid a visit recently only to find an empty suite with workers painting it for the next tenant.
Mikhail said he heard Vucicevich describe deals that were in the works when he tried to collect the rent, including the big hotel project in the Middle East. “He lost all credibility with me with that story,” he said.
The Consultech office appeared to be used mostly at night, Mikhail said. “Nothing made sense.”
Mikhail said he didn’t pursue Vucicevich with a collection agency or lawyer because he didn’t think he had any money at the time.
But Vucicevich now has a choice of a Range Rover, BMW or Maserati to drive, all leased, he says. And between June and September this year he and his wife purchased four parcels of land in Colchester Village for $609,000, according to land registry records.
Vucicevich said Consultech doesn’t do business any longer in Ontario or Michigan, but is active in Middle East projects. He insisted the hotel project was still in the works with the land — worth about $29 million according to a company news release — already purchased. Construction will start next year, he said. “We’re looking to expand into Lebanon.”
Vucicevich gave The Star a tour of the Sulja Brothers’ Harrow construction materials yard to prove that it was a bustling business with 28 employees. “This is not a fraud; this is a serious enterprise,” he said.
Asked where were the employees of Consultech and Kore International — another of his companies — Vucicevich said some work out of their homes, but the majority of about 40 were stationed in overseas offices. He said the reason no employee was in the Kore office on Pelissier Street when The Star dropped by was that renovations were being done.
Vucicevich complained that while the facts in The Star’s story about him and his company in Thursday’s paper were “absolutely true” the picture painted was misleading by not pointing out the busy lumber business. While close friends do call him “Black Pete” because of his fondness for all- black clothing, Vucicevich said the story appeared to give that a sinister tone.
Asked if the audited financial statements for Sulja thousands of shareholders have been promised for months are done, Vucicevich said: “You’ll get them when everyone else gets them.”
Vucicevich said he doesn’t own any Sulja stock and doesn’t benefit or lose when the price goes up or down. “It’s not like I’m selling off lots of stock and making money off it,” he said.
Because the volume of shares traded was so high Thursday — more than 10 times the average volume for the stock — Vucicevich said the U.S. Securities and Exchange Commission would probably take a look at the reasons, but he wasn’t concerned that anything was amiss.
RENT DISPUTE: Petar Vucicevich answers questions from a lumber shelter at Sulja Brothers Building Supply Ltd. on County Road 13, just south of Harrow. Star photo: Nick Brancaccio
Thanks for the reply Grande. I do understand your point of view. I hope you get what you envision! GLTU.
Click on the 3-month SLJB chart Grande. It looks like a lot of people aren't waiting around, or are not "awaiting" the results. I think many have seen enough.
What do you make of Steve's admissions to the Windsor Star?
GLTU
Hey Wood Dog, I turned my BOSS onto SLJB and she lost $5K. Lol. I'll never live that one down. And then there is my best friend, and he lost 5K also. Who needs friends like me? lol. And then there are my coworkers...etc..etc..We were all hyped up at the time! There must have been about 15 of us all cheering from the sidelines. Nothing but a learning experience now. GLTU.
Why did Pete buy trusses from another company for his own house? I thought SLJB made trusses. No?
Red, you have been one of the most ardent supporters of Steve Sulja and SLJB. What do you make of his public statement in the Windsor Star? Steve Sulja, the embattled CEO of Nevada-based Sulja Bros. Building Supplies Ltd., said Monday he was duped into believing the company had finalized fabulous deals in the Middle East to sell cement or build a hotel that were going to bring in hundreds of millions of dollars in revenue. Sulja said he's told an Ontario Securities Commission (OSC) investigator everything he knows in an eight-hour interview and is prepared to face the consequences.
Posted by: redskiesatnight
In reply to: marketmann who wrote msg# 280951 Date:8/26/2007 12:06:26 PM
Post #of 284027
Marketman, Steve Sulja is a man of outstanding
moral character. He is well known and highly
respected in his community. His family has
been in business for over two decades and they have
earned an excellent reputation.
I do not believe that he has told a single lie in any of the past PRs.
Mr Sulja is working dilgently to expand busniess
operations and steer the company into a
future of prosperity. I,as do many, stand behind
him 100 percent.
jmo
REDSKIESATNIGHT
So Red, if I had Loaded the boat as you suggested, I would be down 50-60% in two days. Do you have anything real to base your comments on? Based on the Windosr Star article today, SS seems to disagree with you. You seem to admire SS the most. So which is it? Steve is a good man that was scammed, or Steve is a liar? Which one? Either one does not seem to bode well for SLJB, and so "loading the boat" seems a bit foolish, to put it mildly. TIA.
Posted by: redskiesatnight
In reply to: None Date:9/16/2007 11:43:49 PM
Post #of 283868
Good Night Everyone! I am looking forward to the next few weeks.
Things remain hopeful and interesting. If you have no shares in SLJB, well then by all means load your boat.
REDSKIESATNIGHT is long... long....longer....longcity!!!!!!!
SLJB is about to ROCK.... LET US ALL BE PREPARED!!!
May the Lord bless you all!!!
REDSKIESATNIGHT
Well, investors were hanging their hats on Steve, that he was the mesiah and would save SLJB. Petar was the criminal, and the investors were happy that he was on the sidelines. Now Steve has publically declared this a lie, a scam, in so many words. So that leaves the investors with the lying..cheating Petar? The one they despised the most. ?? This is precious.
SLJB is like a fish on a dry dock, with its guts spilled all over. Does anyone really think it will get better?
El, not sure if you were around when Angela was posting last year. She was the flight attendent caught up in this, and even went to visit Petar. (Anyone know what happened to her?) Anyway, I phoned her last year, and she told me that the Sulja's were not a very bright group. She even stated that one or more of them were illiterate. (I cannot recall exactly) She said they were "nice", but not very smart. I have always remembered that statement from her, and often defaulted to it, thinking, "I wonder if Steve is just being dupped". His statement says exactly that.
GLTU
I think Red will be surprised, as he was with the last OSC extension, as he was with the receivership, that the OSC has no intention of letting SLJB trade under Sulja Brothers, Sulja Building Supplies, Kore or what have you. If ANY of the current and past players are involved in this moving forward, whether it be a new shell or not, I think it will be shut down before it sees the light of day. Just MHO.
A week ago you didn't know anything about the receivership. You were surprised beyond belief. And now all is well again in Suljaland. ?? Why don't you stop with the pump Petar? This is a catostrophic scam and nothing more.
IMO.
Geez. They just don't care whom they scam and hurt, do they? Everything they touch, it ends up being someone else's problem. So now the hell with the landlord I suppose. If you all remember, I believe that Gary Rennie mentioned in one of his articles how Peter skipped out in the middle of the night on owing rent years ago, and the landlord never received the back rent, either. Just a trail of destruction.
Every investor here is just collateral damage while Pete and Steve probably have fat off-shore bank accounts. All IMO.
Thanks Earnest and Whistles.
Yea! It's like watching the Miss America Beauty pageant. I had to stay up to see who won. Umm...errr...well, kind of...well, not really. lol. Thanks for the fun El.
Added. lol.
Can any of this be a GOOD thing? Steve is in. Steve is out. Petar is in. Petar is out. Revolving CEOs. Doors are shuttered. No one answers phones. DeVries is invloved. DeVries is not invloved. Petar claims no connection to Sulja. Petar admits fraud. OSC is investigating. ASC backs investigation. RCMP is invloved. SEC is invloved. Calgary sits idle. Harrow is closed. Money is gone. Web site is gone. Leslie was here. Leslie is gone. Leslie is back. Company filed under Sulja Bros. Company filed under Sulja LTD. Company filed under Sulja-who-knows-what. Company now Premium Building. Premium Building under Steve's name only. Expansion coming. Consolidation in Place. PRs pumped. PRs retracted. "We'll keep you informed" No word from the company. 'We'll keep you informed more". Still no word from the company. Seek and Destroy. Huh? Petar blogs. Leslie blogs. But no official word. Huh? X 2! Ugh! StockHog is in, Stockhog is out. Airys is in, Airys is out. Cement is sold, not sold.
Lumber mill bought, not bought.
Helloooooooooooooooo!!! Yeah. This is a great investment (inflect heavy sarcasm).
ALL IMO.
And just called Premium Building Supplies. Calls are being forwarded by "Tellis Messaging Service" to a voice mail box.
Premium Building Supplies Ltd - 403-237-9030
Fax : 403-237-9040
4200 46 Avenue SE, Calgary, AB T2B 3N7
Well, that's my hunt for the day. I would have liked to talk to Steve or another sulja-humanoid to get the scoop. :o)
O.k., just called the "order desk" too. "This mailbox is full and cannot accept messages". No answer. Just a voice mail message. That is the County Road operation I called.
Just called. No answer. Directs to mail boxes. Steve's mail box is full and "CANNOT ACCEPT MESSAGES AT THIS TIME" Same as yesterday. Where are these peeps?
Sulja - 519-979-5172
4192 County Rd 17, Maidstone, ON N0R 1K0
Category : Doors & Windows, Building Materials
Sulja Bros Building Supplies Ltd - 519-738-2881
1170 Erie Road South RR 3, Harrow, ON N0R 1G0
well, if there is good news they should share it sooner rather than later. The SLJB weekly highs keep getting lower, and the weekly lows keep getting lower.
If true, that might also explain why Leslie no longer works there. They could not pay the salaries?? Speculating.
Ha! I never saw woody's pics. lol. I am sure we will hear more tomorrow, and maybe see more. It is a story and a half!
I only heard about it here Red. I have not heard about it from anyone except on this board. Sorry. Just got home and that is all I know. GLTU.
type of bankruptcy a company enters when a receiver is appointed by bankruptcy courts or creditors to run the company.
The responsibility of the receiver is to recoup as much of the unpaid loans as possible.
Being in receivership is not an enviable situation for a company. Often receivers find that the best way to pay back loans is to liquidate the company's assets, which would effectively put it out of business.
http://www.investopedia.com/terms/r/receivership.asp
...and I have not heard of this until now with SLJB. Should get even more interesting I suppose. GLTU El Camino. You are a good guy.
Wow! The potential revenue being touted adds up to more than half a BILLION DOLLAR$ I believe! Or more! That's Billion with a B.
Step back. Take a look at the I-Box pics, and ask yourself, is this a company that can generate 1/2 Billion in revenues?
We should look for and post the earnings of some major US corporations and see how they stack up to the $500 million dollar SLJB.
That is, my friends, your dose of reality for the day.
He should be banned. And I am sure he will be. Uncalled for.
But Red, are ANY of those old PRs true? I'm not talking about Sams or moving to Calgary. I'm talking about cement deals, tire recycling, hotels, truss manufacturing, Design Centers, Gulf Coast rebuild, Lumber Mills, etc..etc..Was that all a pump and dump, or real? Are those PRs honest mistakes, or did they happen?
As always, thank you for your reply.
Red, can you please explain how Petar blogging last year that AFs would be delivered by morning, and to "go to bed everyone" "the AFs will be there in the A.M." and "I've given the attorneys until 4:00 a.m. to finsih them up"....and then presto... failure to deliver. How was that action by Petar in the "best interest of the company and its shareholders?" Tell me who benefited from that? Who?
"I would further like to add
that there are many who believe that
the actions of both of these men have been and continue
to be in the best interest of the company and it's
shareholders."
Red, how about the investors that were "deeply affected" by the promises of AFs that never showed up? That sir, is "offensive".
Lol. You only want people to be cheerleaders for SLJB.
Gooooooooooooooooo SLJB!!!! Yeahaw!!!! Ceeeement!!
$300 million dollars a year!!! Whooo hooo!!!
Feel better?
Lol. lol. Just chill man. Nothing you can do. You surely must know what you are into, right? You know this stock is under investigation, right? So kick back and either you win, or you lose. GLTU.
That's rich. Give 'em the ol' "hang in there" speech. Will you be saying that if/when this is shut down by the FBI? Or SEC?
IMO...it is best to wait on the sidelines for resolution. You can always jump on the momo train if it leaves the station. If you wake up one morning, and this is halted, well, nothing you can do about that.
If you don't mind the risk, then carry on. Its just that the way some here are reacting, they cannot handle the risk. GLTU.
It's a chat board Grande. SLJB is not tanking because of anyone on this board. It is a stock under investigation by numerous regulatory agencies. Do you expect great performance of this stock right now with investigations hanging over this company? GLTU.
Here's the 8.9 million..........but it could go to 100 million? Is that what he is saying?
Posted by: DERBENSKI
In reply to: None Date:8/1/2007 6:59:09 PM
Post #of 850
New lawsuit filed today....
http://clerk.co.sarasota.fl.us/srqapp/civdetail.asp?tb_searchby=Case+Type&tb_searchfor=2007+CA+0....
Most likely for CLX since Sequoia does a number of Javelin related companies debt defaults. Shares likely to be issued free trading under Section 3(a)(10) Settlement is likely to be a high number of shares and may run .2 of current bid so it is quite possible that there could be 100 million shares dumped on the market.
Past observations say stand well clear of these....
(vi) CLX Investment Company convertible loan of $225,000, bearing interest at 8% per annum. On February 19, 2007, the Company received written notice of default from CLX, as prescribed under the Financing Agreement, requesting conversion of the $225,000 principal owing plus $21,727 accrued interest (December 31, 2006 - $19,052) into restricted common stock of the Company, equivalent to 8,907,000 shares. Settlement of this amount has been agreed and will be settled during Q2,2007
This could settle out in a couple of days so you have been warned.
Derb
Well, Derb warned of death spiral financing months ago. I think this is worth reading. The 10 million +/- share dump at end of day Thursday may be a product of this, and explains why this keeps going down. I honestly don't understand much when it comes to this, but it seems to apply. ?? His prediction was .0001, and well, you gotta know that at this point in time, he is more right than wrong, IMO. The company PRd that they "secured" financing or "identified" financing, but they never explained how they were going to get us there. GLTA.
http://www.stockpatrol.com/article/key/deathspiral
You are correct. He was referencing his office at Kore.
"As far as the current dilapidative state of Kore's office in Windsor, anybody walking into that place would clearly see that it is under renovations... a complete make-over no less. It is undergoing the same process that I and many other business owners in that area feel should be applied to a great number of structures in the immediate vicinity. Perhaps it is not as nice an office as Mr. Rennie's but I like it."
Lol, what kind of CEO takes the time to say this kind of stuff? BTW jannie, thanks much for the info! I will follow-up today for certain! Off to work. I hope everyone enjoys the day. Peace.
We should get some forensic analysis of that one. Ha ha! I'll avoid commentary of the subject himself, but that and the mangled blinds in the window and Rennie's report of "tipped over furniture" was about all I needed to see and hear. Oy.