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Well, issuing false press releases to buoy the price along with trading to buoy the price along with dumping unregistered shares is about as big a fraud as you can do and is a theft of millions of dollars.
Wanna bet DeVries an Petar were paid massive amounts of that cash called "debts"?
Noone can unwind any sort of sizable position right now LOL Look at the volume this stock is illiquid pretty much. Long and strong is a good way to end up broke in a penny stock fraud, Plain and simple.
I am sorry you fail to understand the point. Here it is again. If i kill someone for there money so i can pay for an operation to fix my grandmothers kidney it is not OK.
You have failed to understand the basic tenet of this case.
You believe it is OK to run a business into the ground then deceive and steal from others to pay off the debt? That is one bizarre moral system.
So the lawyer representing Petar is a criminal lawyer, not a securities lawyer as far as i know. Quite telling. I think i hear the RCMP coming!
If you rob a bank to repay your debts it doesn't make it OK
I believe this is a relevant answer below. I have yet to see any evidence to refute this whatsoever and believe it to be correct.
"SloJon, if "Premium" is owned by SLJB, then how can SLJB common shareholders own it? Premium, like the lumberyard, would be a wholly-owned, private holding of SLJB. That means SLJB's BOD would be Premium's shareholders, not you. In fact it would be illegal to even offer you Premium's unregistered securities. It is also illegal for SLJB & Premium to commingle funds."
Msg. 19048 at RB-SLJB by The Gaffer
i am sorry that you fail to see the relevance.
Its not a threat it is a cease trade order. In fact they imposed an even broader action than the OSC.
So you would not even defend yourself against the very serious allegations? Any sane company who had any expectation of innocence would.
[13] In this case, we believe that the Sulja Companies' stated intention to close Sulja Ontario's head office in Ontario and relocate to Calgary and the apparent closure of Sulja Ontario's head office in Ontario may have been prompted, in part at least, by a desire to avoid or evade the jurisdiction of the OSC and thus the consequences of the OSC Order. With that in mind, and having regard to the evidence and the conduct of the Respondents to which the OSC Order is directed, we are persuaded that there is, prima facie, a risk of a repetition or continuation of the same or similar conduct in Alberta. This risk is heightened with the apparent planned move of Sulja Ontario's head office to this province.
3. Scope of Orders Sought
[15] As noted, the orders sought by Staff are broader than their counterparts in the OSC Order. Staff submitted that we have the authority to depart from a strict parallel with the OSC Order if we consider it to be in the public interest to do so.
[16] In this case, Staff contended that possible confusion (apparent in published
material in evidence) between the two very similarly named Sulja Companies warrants our barring trading in the securities of both companies. Further, Staff pointed to the nature of the conduct of the Respondents described in the evidence and in the OSC Order as calling for not only a denial of exemptions but also a ban on purchasing and trading of securities by all Respondents.
Post it on RB regardless
The PDF is a _must_ read lots of interesting stuff.....
http://www.albertasecurities.com/dms/1404/15181/16344_Sulja_Bros._Building_Supplies,_Ltd._-_Decision...
From
II BACKGROUND
A. Facts
"Further, according to an affidavit of service tendered in this proceeding, Sulja Ontario's head office in Ontario has "closed down""
"Kore is a significant shareholder of Sulja Nevada"
Staff also tendered
a letter received by them from counsel for Vucicevich and Kore that stated that those
Respondents took "no position, at this time, with any application" and denied any
relationship with "Sulja Brothers et. al."
Interesting
Yepppp
PS. ASC just brought it down!!
BOOOOOOOM
ASC Issues Market Bans Against Sulja Bros. and Associates
2007-08-20
The Alberta Securities Commission (ASC) has ordered that securities of Sulja Bros. Building Supplies, Ltd. (a Nevada corporation) and Sulja Bros. Building Supplies Ltd. (an Ontario corporation) cease trading immediately. In addition, both Sulja Bros. companies, Kore International Management Inc. (an Ontario corporation), Petar Vucicevich (an Ontario resident), and Andrew DeVries (a Texas resident) have been ordered to cease trading in and purchasing any securities, and have also been prohibited from relying upon exemptions contained in the Alberta securities laws.
The ASC order was based on an Ontario Securities Commission (OSC) order that indicated the parties had allegedly violated securities laws in Ontario when they traded in and distributed securities of Sulja Bros. Building Supplies, Ltd. without being registered to do so and without filing a prospectus. In addition, the parties face allegations that they engaged in manipulative trading of those securities and made misleading statements in press releases.
Earlier this year, the Sulja Bros. companies announced that its head office in Harrow, Ontario was being shut down and relocated to Calgary. In its decision, the ASC panel indicated that it was persuaded by evidence presented by ASC Staff that there is “a risk of a repetition or continuation of the same or similar conduct in Alberta. This risk is heightened with the apparent planned move of Sulja Ontario’s head office to this province.”
A copy of the decision in its entirety is available on the ASC website at www.albertasecurities.com.
The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted to foster a fair and efficient capital market in Alberta and to protect investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.
Thanks, notice PHBR was one of Airys last touts also.
Its called the truth jake
Who gave you this info jake? Has the company lied once again? They clearly stated in a pas PR that all communication would be through PR.
JAN10
the Company does not intend to respond to requests for information from shareholders or other interested parties except to refer them to this press release and any subsequent releases issued by the Company. The Company will provide any updates as to the matters referred to herein through broadly disseminated press releases, but cannot predict when it will make any such updates. Investors should not rely on any statements purporting to be by or on behalf of the Company other than those contained in this release or any future press releases issued by the Company.
I did not know that she has admitted to being Coco, did Coco make threats of violence toward posters at some point? I was under that impression?
It would not suprise me one bit that an officer of SLJB would act in such a manner considering there blatant disregard for securities regulations by using false and misleading press release to con millions of dollars out of investors as well as selling unregistered securities.
Even more lies have been spread regarding her leaving SLJB (not sulja) she is still listed at the state of nevada site. This could be easily rectified in a matter of minutes for a nominal fee.
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=3jTAXTqYdC80kvn1T3%252fB8Q%253d%253d
more lies and more lies.........................
Jake you affirmed that bingbang was leslie before 100% now you are denying it which way is it? I believe you are right the first and that leslie was fired for her postings on message boards, as well as her very, very poor yet funny PRs.
Pick a side and take it but do not waffle to mislead the people here.
Oh yeah, Rene Laloux (sp?) very cool stuff. He is very respected and famous in his genre.
Then the poster bing bang lied to you all at the other boards and knowingly you used those lies to pump sulja. Jake if leslie is not bing bang you may have made some serious violations of securities laws. You do realize that several people archive many if not all posts on the treehouse and such.
Are you saying the ASC is corrupt jake? If sulja had any evidence that they had not broken serious securities laws why would they not present the evidence?
They have had the opportunity to clear themselves many times yet have not it looks very bad for them does it not?
Yes with the nominee accounts available and Petars admission of it is quit plain serious securities laws have been broken and Sulja is heading towards its end soon. As you have stated it is a foregone conclusion.
. nothing... supposed to be a private reply
You could do some DD and actually talk to the ASC it is very easy to confirm and has been done by others.
What about just like giving the money people are owed, plain and simple. The list is a farce.
Is it plain and simple incompetence by the company or theft? Its one or the other obviously.
Thats quite apparent, i have read all the allegations against the company as well as the nominee accounts, the Anderson affidavit.......
The discussion was about whether the company has bothered to even defend its self against the very serious allegations. Which it has not it seems so far. Not a good sign for them at all.
Any bets on when the Tecumseh location is shutdown? I bet its quite soon as its useless due to being minutes from Sams. Only thing holding it open is the lease i bet.
I think Sams will go soon after it, or revert back to its previous owners once its lease is done.
Whats your point?
Ibreken and i were referring to the lack of any sulja rep at the hearing AFAIK. Your the one "invested" in an obvious fraud not me, some help www.doyourdiligence.com
The _ASC_ has confirmed it to many go ahead and call......
Thanks :) I did not realize it needed the http:// part. Fixed :)
The NASD seem to have taken an interest in SLJB recently. Last week some one downloaded my entire suljabrossucks site, every page and doc (~180MB). Though it was a bit odd so i did a whois on the ip addy and it came up as an ip owned by the NASD.
His editors are experts as well as the lawyers that vet his articles. What are your qualifications? Your claim is silly and baseless.
For what telling the truth?. Go read the nominee accounts and and show them to an expert in securities law and see what they say. Then come back and talk to me.
You are the one who accused me of misleading the board yet proved yourself to be false in your own post!!! Take a look in the mirror!
The only reason to turn down easy money is if it is a liability to you. Lots of stocks that have very low to almost no volume almost are solicited. With "50million" in the bank its the least the company could do for its shareholders.
Only the most scammiest of stocks could not get a MM to sponsor them. It tells a lot in fact.
Did you read the rest of the info? The timing of the release of the decision is quite irrelevant really (to me anyways as i don't own shares). IT is very relevant that sulja made no effort to oppose the matter. NO one even showed up. I also said later who was supposed to show up. How about not quoting one word out of context?