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Ouch!
I guess that means that, once and for all SLJB shares are essentially worthless. Not really a suprise but it would have been nice to see some $ recovered. Devries is not a newbee i expected all the $ to be long gone offshore. I hope we see some criminal charges by the RCMP and FBI soon.
the gaffer at RB had this comment on the issue that i believe to be 100% correct (#3 is from the ASC release)
3. Sulja Nevada’s principal asset is its interest in Sulja Ontario.
ie, PRIVATE HOLDING, ie, SEPERATE CORPORATE ENTITY. SLJB common have NO EQUITY in SLJB's private holdings. Your only chance of seeing ANYTHING from the lumberyard is if SLKB goes BK & liquidates its assets into cash. Then, after the bondholders and preferred shareholders are paid, you'll get to divide what is left.
He understands the process the OSC takes, that is why he has said what he has. Prior cases are plentiful in this area all you have to do is look a little bit.
"Essentially The ASC is penalising sulja for allegations that have not be proven to date."
Nope, you just fail to understand what they are saying thats all.
Thats a toughy to spin, kinda like instead of "Welcome to town" its "You are not welcome here, beat it!"
I wonder if this notice has had any effect on the business in Alberta? I wish the press release had mentioned Premium building supplies. That would have made my day!
No jake, you are incorrect. The length of the investigation indicates the depth of the problems. The released evidence is quite clear and quite strong proof on its own without all the unreleased info. If sulja could clear themselves they already would have and this would be over long ago. Forensic accounting is a long and tedious process.
All the computers and paper work being returned is in indicative of nothing that you purport. The RCMP seizing the computers and docs just makes it even far more likely that criminal charges will be added to the growing problems that sulja/SLJB faces.
I love this #16
16. The Respondents face serious allegations that they committed several violations of
the Ontario securities laws, all of them are the subject of an order which places
conditions and/or restrictions upon them, and the company through which the
alleged illegal activity was conducted is relocating to Alberta. Therefore, the
Respondents pose a risk of future misconduct that could affect Alberta investors and
its capital market.
As a wonderful addition it looks like they have to pay for the hearing also. Gotta love when they have to pay to be punished :)
It has been confirmed. I guarantee that. Why do you think she is gone? Its pretty obvious isn't it?
The nominee accounts and the lack of refutation by the company is quite clear to anyone who wishes to see it.
I find your comparison to a "1930's deep south lynch mob" highly offensive and lacking any basis in reality.
Nope, but his pal Mark Triesh who has helped him in his numerous failed companies that fleeced investors does. As we all know the Anderson document. Those 280 million+ shares were sold by the direction of DeVries and Kore.
Mark Albert Triesch
-Director of Kore International
-Board member THREE S PROJECT DEVELOPMENT LLC (TX, not in good standing)
-Board member AQFS (TX, not in good standing)
-"Prior to joining Nannaco, Inc. in September 1999, Mr. Triesch operated a general practice that concentrated on business litigation, real estate and family law. He earned his Juris Doctor's degree from St. Mary's University in San Antonio. Mr. Triesch also holds Bachelor's and Master's degrees in English from Texas A&M University, and taught American Literature and composition at the University of North Texas and Texas A&M University" from a SEC filing
http://www.suljabrossucks.com/players.html
I am sorry that you fail to understand the market manipulation that came about through the buying and selling through the nominee accounts as well as not understanding the process the OSC follows.
Please explain why you believe in raids and shorting. All available evidence flys completely contrary to what you say.
I totally agree that "Crime is wild here" The use of the nominee accounts to manipulate share price and the lack of a prospectus while dumping millions of shares were very wrong and fraudulent things to do to investors.
Nope, if there was no case and SLJB could refute the claims it would have been over long ago. They have filed no such evidence and have not tried to clear themselves.
They are not digging up "petty rubbish" the allegations are clear and persist to this day. The evidence that has been released so far is quite damning and very clear.
Have you even looked at the nominee accounts and the allegations?
"the OSC obviously are having problems proving their case as evidenced by this ongoing saga"
The nominee accounts and and Petars confession as well as the nature of the allegations contradict your statement quite clearly. The wheels of justice turn slow, there are cases that have taken many years to conclude.
" and btw could someone please let me know where the 100mil shares dumped on 16/11/06 came from? "
I believe it was DeVries. it is my and many others belief that Petar was supposed to release fake fins and they would have sold tons of shares into the run. Instead Petar was chickened out due to the RCMP attention and did nothing and the shares were dumped, into the dump.............
Maybe one day we will see that along with Petars Dubai casino license, he also "financed" the Windsor Casino LOL. Considering the RVME in the nominee account(s?) i bet Petar plays keno.
Ps for those who don't know gambling, keno is probably the worst game odds wise that exists and RVME has more reverse spits than any stock i know of.
Katten Muchin Rosenman LLP is the name i believe, i have no idea what they were about as Chicago is an odd place for them to have lawyers. Maybe they are for dealing with the SEC?
Who has been the lawyer for the OSC hearings so far?
Please tell me about the good lawyers? Do you mean the one in Texas representing them in Florida? Or Scott Sullivan, who also does property, ands general law and such? Or Fraser Casgrin and Milner who do not represent them anymore and happen to be _very_ good lawyers. OR Shahid Khan who does divorces and such...
What is the reputation of their securities lawyers? I cannot even say off hand if they have any lawyers that are even dedicated to securities law.
Serious investments are not subject to intense scrutiny and allegations by multiple regulatory agencies as well as the object of civil suits. The OSC allegations in concert with the nominee accounts paints a very clear picture of bad things to come.
Scams and frauds usually exhibit these signs.
Petars plans , This is from the town planner of Essex in response to me asking, If Petar has put any plans forward and what is needed to get approval for any plans.
"Kore Development has not yet submitted any formal plans for development.
I have spoken to representatives of the company about certain
development opportunities but they have not yet formally acted upon
these.
Depending on the zoning of the property, site plan approval might be the
only process that is necessary. This process involves submitting a site
plan for Council approval and entering into a formal agreement, which
would involve the posting of performance securities, with the Town. The
Town has indicated that it would like Kore to wait for the Secondary
Plan Study for the Colchester/Lakeshore Areas to be completed prior to
any development proceeding. This would help ensure that any development
is in accordance with the community vision that is established through
this study. The study involves many opportunities for input from the
residents of the community and other stakeholder groups."
I spent an hour or two on PBLS months back, easy and simple conclusion. POS
Hours of Operation
Tecumseh Location
Mon-Friday 10:00 -5:00
Saturday Closed
Sunday Closed
Looks even worse now, this storefront was supposed to cater to the "home" crowd now closed on weekends and only open 35hours a week. This is from the sulja site. I predict it will be shut down when the lease expires or sooooooner.....
Ps. thanks for pointing this out S. ROFL
All i did was correct a couple spelling mistakes and remove some uneeded punctuation. I could careless what you think of it. I should not even bothered mentioning it...... The person lives in the area if you don't believe it fly over and see for yourself.
Pretty well to be expected as this storefront was purely to order stuff from Harrow (which is closed now). It is close to Sam's and they carry much less than they did with the main store open. So pretty much redundant now.
A visit to Tecumseh, a communication i got from a local (slightly edited for spelling and punctuation)
"I ran across the street to get a peek in at Sulja.
It was 2 pm, They have NO lights on, no people, and a "We're open today until 3 pm" sign in the front.Nobody was there.
They regularly are open till 3 every sat apparently. I walked around the plaza and the store across... kitchen and bath center guy came out, told me he did not know what was going on with " those people" (sulja) but he said they have been opening and closing at no specific time...just coming and going as needed..
Sounds like slowly going out of business"
LOL, i have been waiting for an honest one like SH*T.PK
YES Red HUGE, hugely dissapointing.
Why has this company shown us nothing to prove that the SLJB shell owns any assets? Especially the new Calgary operation. This question is of critical importance and would be a great step towards transparency for the company if done.. Yet silence.......
The supposed assets the company "should" have seem to be dwindling with the closure of the Harrow location and liquidation of stock anyways though.....
Do you believe this PR is substantial and exciting? It is quite obviously fluff by its glaring omission.
Mr. Beebe is a public figure in a public company, he is subject to criticism. A good and honest man and company should not have any worries about criticisms as they can withstand them and rise above them easily.
I would love to see that happen! I would love to see Opp get lots of jobs and to help its people. I love to see honesty and forthrightness!
Then why the dilution?, why not just finance this company himself? If he has no need he should take the company private if your logic is correct.
It is pretty pathetic, Beebe is showing a complete lack of integrity once again.... You are correct as can be.
How much of the OS is the buy back? Are there 450 000 000 share out, 150 000 000 shares out? 325,987,235 shares out?
Show us what you are made of Mr. Beebe. You obviously read here. Defend your PR please and show me wrong! This PR was a choice chance to show your integrity and you have shown yourself to be no better than any other of the Pinkie CEO's out there. SAD, SAD, SAD......
That biennial form for NY is pretty darn easy to fill out 30 seconds could do it easy. I would be glad to explain the instructions to Cheap jim , JM or anyone else if it gets it filled out and sent in :) . Failing that there is a phone number to for help at the bottom also.
I think it is something like,
Lye in scum bag
Sorry i just could not resist :)
Have Petar's plans been approved by the town?
Has he posted a performance bond?
What happened to the spindle factory?
What happened to the cheese plant?
What happened to the Gym.....
Seen this before how about you?
I really do not think the OSC/SEC/RCMP investigations or the lawsuits are a theory, they are facts. Dire facts indeed.
Multiple government agencies and civil suits do not come about on a whim. They came a bout due to the immoral and illegal actions of the company.
I do not support the sale of millions of dollars worth of unregistered shares while releasing false and misleading press releases, do you?
Well at least Petar got a new BMW! ....puke.....
That is the most important part is it not?
The TA does not release the share structure. That is a fact.
Releasing the March 31st PR and putting up the A/S info that is at pinksheets yet having double the AS stated does not show integrity nor does having a gagged TA.
I should correct myself here to be more exact, a kind fellow has pointed out to me
"SLJB is liable due to the fact that it is still the same corporate entity that got sued, but with a name change from Loftworks to Sulja"
No it is not factless, the history tells the truth. A gagged TA means only one thing in Penny land. Dilution
Good news and no upward movement makes it quite obvious, does it not? Believe what you want.
Please tell me about the PR and pinksheets info that directly conflict with the AS as of 7/24/07
Who put out the PR and gave the info to Pinksheets? Is that an honest thing to do to shareholders?
It is quite simple.
What does the company hide from you?
Share structure
Why does a company hide its share structure?
Dilution, plain and simple.