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Offshore. You have made your point in this issue. If you do not get an answer YOU WANT from the board, understand it, stop repeating it and move on.
Offshore. Sulja Acquisition Corp. was only temporarily created for the transition period of reverse merger of LFWk and SLJB, and is valid no more. It has nothing to do with the present situation.
Well, the Message of over 2000 posts of this board today:
Dogs are barking but the caravan keeps going.
lasernat. How right you are. You only need to read this board now and then, and you can clearly see that.
greenspirit et al. moderators. Go on and do your ungrateful job as you cannot please all, you know that. Remove posters who clogg the board by posing the same questions time and time again - and apparently do not read the answers they get.
Posters please keep in mind if nobody answers your question then was your question well-grounded? If you have nothing useful or informative to contribute hold your horses and dont flood the board with useless babbling this and that.
sitefish. I know what you mean, and it makes me many times wonder the age of those fusspots. But as to that mncs - how can that be possible? I have not done any DD - only saw the chart somewhere. Something tells me don't touch.
sitefish. Look at the chart of MNCS! :)
waltczyk. Yes, I have red that these rapidly increasing fights against (naked) shorting have got very peculiar forms, and may cause trouble to to be booked correctly.
waltczyk. What about as this review of the company is done for the very first time, does it matter? I think that the first audited review is much wider and complicated than the normal yearend audit.
Jupiler. As far as I know every company, which have shareholders, CAN give the shareholders a possibility to vote. But it is not a must, and that's why pinkies do not often use it.
qtipjoe. Where did you get the idea that the new CEO would come from Middle East/UAE?
Sorry, have not had possibility to read through all messages.
Why are so many people here again so upset? I have never heard about a company - of any size or age - which is expanding their business to new areas and totally new dimensions to go straight to their targets according to the originally planned schedules. Has anybody done so? Everybody knows already in advance that those schedules are subject to so many kinds of factors that delays and changes along the road are unavoidable. Suspicious attacs towards the company missing a pre-scheduled date are ridiculous.
Don't lose the big picture It's amazing how many people seem not to at all understand what it takes to build and develope a PROFITABLE company - not to mention to make it grow further. Apparently they do not have much experience in that area, but for God's sake - do not expect every company to be overnight sensations. If you do not trust the company and its management, fussing and whining does not help. If you do not have patience enough to grow with the company - get out.
"We will not reverse spilt our shares" means that the company really has enough powder to get the pps to reach Nasdaq. Excellent news.
Janniebgood. Yes I saw that PR, but as you know this term "as a consultant" can mean many things - retairing with all his money/pushed aside/even a hostile takeover. All I am interested to know if he stays working for the company and e.g. will he be a member of the board. He must have such a good knowledge of Sulja Bros.'s function that I think it would be a big loss for the company to loose him.
Moxyone. Yes, in theory - but I want to know in praxis (= the truth).
Stock. Ask Mr. Petar if Mr. Steve Sulja is leaving the company or is he staying. In what position? Thanks.
No, they have not. You have still time to apply.
Gaswaseas. Nobody invests based on only PR's but looks also on balance sheet - we are waiting for that now. Both Loftwerk and Sulja Bros. were solid companies with profit, and have worked in their business for years. As far as I know, neither of them were these firms jumping from software to mining to alternative energy etc., so called "innovative" companies chasing only for investors' bucks.
I think Mr. Vucocevitch's quip was ment to investors, who do not always get immediately what they want.
More info of Mr. Vucocevitch - pick up the phone and call him.
Gaswaseas. Shareholders of even a Pinksheat company can raise a class action suit against a lying company, and these suits are no more only profitable to the lawyers, even the shareholders can have some compensation. SEC has tightened their rules and has an eye especially on pinksheet/OCTBB companies - read their home page. As I said before they do not hurry up to rescue individual investors, but a class act suit is always possible, and it is a warning sign to fraudulent pinkies that they really can end up to jail.
You had no information about Consultech and Mr. Vucocevich's relations to Sulja Bros. Here is something I found. Dig on further:
LoftWerks/Sulja Bros (LFWK) Announces Appointment of Interim President
Market Wire, June, 2006
LoftWerks CEO (PINKSHEETS: LFWK) Steve Sulja announces today the appointment of Direct General of Consultech Construction Management Inc.'s Director General Petar Vucicevich as Sulja Bros. Interim President. In his statement, Mr. Sulja says, "Leo Meloche has temporarily resigned from the position of President of Sulja Bros. to allow for a smoother transition of the Sulja/LoftWerks vehicle for its eventual merger with Consultech's Midwest Operations."
Mr. Sulja at the same time stated, "This is indeed a solid move towards making our process easier. With the appointment of Mr. Vucicevich as our Interim President, the time frame for the merger process has been cut into almost half."
Mr. Vucicevich will retain his position as Director General of Consultech Construction Management Inc., but will be working closely with the Sulja Bros. to allow efficient functioning of normal business as well as the public merger process. Mr. Vucicevich stated, "I look forward to working closely with the existing Sulja Board and helping with the merger and expansion plans. Also, this will benefit all investors with the GFYM factor."
For further details, contact Kore International.
Mr. Sulja says, "Leo Meloche has temporarily resigned from the position of President of Sulja Bros. to allow for a smoother transition of the Sulja/LoftWerks vehicle for its eventual merger with Consultech's Midwest Operations."
Bobrainey. What is this link you are talking about? Can you post the link? Thank you.
Gaswaseas. In Pinkies you mainly have to trust the PR's. The publishers must know that even there they can end up in jail for giving wrong information. But as we all know SEC does not hurry to your help in Pinkyland, so you have to trust youself and your fellow investors.
I would rather say do not trust the 4 dollar predictions in near future. Sulja Bros. is a good company in good business, where the companies can well earn money to their shareholders, but hold your horses. Don't expect any overnight sensation, give it time.
Try the Search-possibility to find out information about Consultech in previous messages. I have seen some information but don't remember when or where it is.
If you do not trust the company, sell half of your position and wait for the audited numbers and further information from the company.
Laptop. No, I have no knowledge about those Ramada-calls other than the turbulence on the board that day. I remember some people making plans that everybody should call Ramada, and ask about the cement contract. I thought that's only a temporary reaction, and will shortly vane away, but when I red the message of Mr.Vucocevitch where he pointed out that 280 calls were made to their "customer", I got worried. If the customer was Ramada, so goodbye contracts. Didn't those callers think about that maybe those call got Ramada to also doubt "Who is this Sulja actually if their shareholders are so worried?" What do they really know about us?
I have seen posts, where people say: No problem, they need cement desperately and we have it. Yes, we have, but so do others. Eastern Europe and Russia are big producers of building supplies, too, and they are closer. Sulja has to compete hard about the Middle East contracts, it is not easy at all. But I trust them, and their Canadian origin is a good thing in M-E.
Don't get too concerned about the CEO change. It seems to me logic that this move has been planned long time ago along with the growth of the company. Mr. Sulja might not have enough experience to lead an rapidly growing international concern-to-be, and has wanted to concentrate on the part of the business he knows very well. Mr. Vucocevich was to take the seat of the CEO after the arrangements were completed. I think we will hear soon about new structure of the company.
Mr. Khan was offered the seat for the period of transition, but he apparently got scared of the overenthusiastic shareholders bombarding him with angry calls/messages. So Mr. Vucocevich had to step in earlier as originally planned. He certainly has good experience to manage a building- and construction company growing in international business, but don't expect too much of his PR-skills - not yet.
As to the Ramada contract, don't expect much understanding from them either IF they were flooded with calls from suspicious shareholders. If this is an Arab company - even in western oriented Dubai - their investment/shareholder culture is still different. The basic values are the same as we have, but they do not understand common shareholders "bossing" them around with suspicious questions about their business by calling and e-mailing them. Not yet. You have to go to the shareholder meeting to pose your questions.
All in all. Have patience with this company.
Han200. That we will perhaps never know. It was odd - but I do not even bother to think about why. Changes in management seldom come without any intrigues. The main thing now is that the CEO (Mr. Petar V.) and his consult Mr. Sulja are satisfied with the situation, and the audited numbers (and future prospects) have not changed.
Calm down, folks! Mr. Kahn was only offered the job, and good that he did not accept it. His skills will be better used in preparing the contracts, and CEO must take care of doing the business. The wording of the PR could have been better, but that does not turn the world upside down. Give them time to became from a private family business to a public company.
DaFloorGuy. I couldn't agree more to you post. Folks, please stop splitting hairs! A "junior public" company in a phase of strong growth really has other things to do than answer phone calls asking whys, whens and wheres on every move they make. Their job is to manage and develope the company so that it will create value to the shareholders. If you do not trust them do not put so much money in the company that you are uncomfortable. Do not use margin money. Main thing in this phase of development is to let them show what they can. We will soon get some prove of that.
Fishforbreakfast. I feel too that trading this stock has been lately very controlled - not been left to fall too much -, and the possible shorts have been quietly covering. MMs have been changing stocks between them, and we will see real buying by individual investors after the audited financials come out, and by institutions after we get our way to Nasdaq.
I think that the regulations and the publicity naked short selling has got in recent times will make the Hedgies more carefull to use it. Would imagine that SLJB is not the right stock to try naked shorting.
I hope they will ASAP declare clearly what is Steve Sulja's position in the company to stop the unnecessary rumouring.
Xanadu
Fishforbreakfast. Were you ever squeezed out of your short positions? IMO these short squeezes are not so general as discussed in public. Short sellers cover their positions by and by when they see there is a danger of a turnaround of the stock, and do not wait for a squeeze.
Look at the SLJB chart. Could it be that the (naked) shorted LFWK shares were already squeezed out in the end of July?
xanadu
Jantinna. Who is pumping SLJB? People buy a stock because they think that the company is a good company and its pps will rise. As far as we know SLJB is a good company with good prospects, and the opinions are therefore in general positive. That is not pumping. If you mean "To the moon" -messages use your common sense.
All negative information about the company is welcome if it is true and properly grounded.