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'Creede Bighorns' , How true. The AS going down in a Pink, thats unheard of. Green Flag for sure.
Petar is a no-nonsense individual and will not hold people's hand through the ups & downs. He just puts the facts out for all to make an intelligent decision.
He has shown he does what he say's. This to me is assurance the AF's are coming (all inclusive). I think the AF's are going to blow people away. Assets, Rev's, & who knows what surprize is in store for us.
Maybe something announced along with the AF's, (Dividend). So many way's and we know from company management they have a goal to get to the Nasdaq, So again take Petar at his word, we're headed to Nasdaq. At least we have a General who will engage the Enemy.
Ruff is going to convert Jim bishop into a long sooner than later. Jim knows where the money is to be made, he's just wanting cheaper shares, I think.
Nice read on Dubai,
Published: 09/26/2006 12:00 AM (UAE)
Dubai is a possible Gulf tiger
Dr. Abdulkhaleq Abdullah, Special to Gulf News
Asia is home to several economic tigers. Europe has a Celtic and Baltic tigers. Latin America is proud of its newly rising tiger, Chile. Even poverty-stricken Africa is promoting South Africa as a possible future tiger. The Arab world is once again the exception in terms of economic reform and vitality. It lacks a success economic story that would capture global attention and brings Arab economies into the 21st century.
The city of Dubai, the second most prosperous emirate in the United Arab Emirates with a cosmopolitan population of 1.4 million is consolidating its pre-eminent role as a regional hub while aspiring to be a global city and a possible Arab Gulf Tiger (AGT), Dubai shares a range of characteristics with world tigers, including sustained double digit economic growth rate since 1994.
In 2004 Dubai's GDP grew at a healthy rate of l7 per cent, mostly in the non-oil sector. Oil is becoming increasingly irrelevant and Dubai's oil production dropped steadily from an all time high of 450,000 b/d in 1995 to less than 100,000 in 2005. But as oil contribution to the GDP dwindled, the economy expanded exponentially. It almost doubled in size during 1991-2000 and was well over $30 billion by 2005.
This is still a very conservative reading which doesn't truly reflect the inner dynamism of the GDP and the fact that Dubai has become the "hippest city in the world".
The actual GDP could be twice or three times as high. What is, however, beyond doubt is that the economy is growing at a double- digit rate and it is by now fully diversified. More importantly, the city is also deeply pro-business and has worked diligently to attract foreign direct investment, which has grown at an annual rate of 11 per cent lately.
Regional hub
Dubai has steadily raised its global profile and marketed itself aggressively as a safe and prosperous regional hub. The marketing has reached a critical mass, since some 90 of Fortune's top 100 companies have already located their regional offices in the city.
In terms of global connectivity and sustained double-digit growth, Dubai deserves to join the exclusive club of the tigers of the world as an AGT.
All vital growth statistics confirm that it is in par with Singapore, Hong Kong, South Korea and Taiwan, the four leading Asian Tigers.
Dubai's determination to assert its credentials as a promising AGT is in doubt and in the next ten years, probably other Dubai look-a-likes will spring up all over the Gulf and the Middle East. In essence, Dubai, just like the trendsetter Singapore, is a catalyst. However, the perennial question remains, will the boom continue?
Pessimists have been talking about the Dubai bubble and gimmicks for the past two decades, yet the city miraculously defied all the odds. But even if the boom continues unabated, there is always the nagging issue of at what price? Emerging as an AGT is needlessly a source of immense national pride, but the success Dubai is currently enjoying has come at a daunting price.
The double digit economic boom has produced unwanted double digit demographic imbalance. Paradoxically, it turns out that Dubai simply does not have enough local manpower to keep up with its radical ambitions.
It is true that the citizens of Dubai have never thought in their wildest dream that their relatively small city with its extremely hot weather and inhospitable environment would emerge as a global city and an AGT.
Yet they never thought that they would one day end up as a disappearing minority in their own hometown. The current demographic disequilibria is too severe to stomach. Officially, Dubai citizens constitute 12 per cent of the total population, but will soon become 5 per cent and by 2020 zero per cent!
The United Arab Emirates (UAE) Is A Longstanding Friend And Ally Of The United States. The United States and UAE have a longstanding alliance. The UAE is a key partner of the United States in the War on Terror, helping to advance Middle East peace efforts. The UAE is also a vibrant trading partner and has provided critical support in the wake of Hurricane Katrina.
The UAE Is A Key Partner In The War On Terror. The UAE provides U.S. and Coalition forces unprecedented access to its ports and territory, overflight clearances, and other critical and important logistical assistance. Today, the UAE is providing assistance to the missions in Afghanistan and Iraq, combating terrorists by cutting off their financing, and enhancing America's homeland security by actively participating in initiatives to screen shipments and containers.
UAE Ports Host More U.S. Navy Ships Than Any Port Outside The United States. The UAE provides outstanding support for the U.S. Navy at the ports of Jebel Ali - which is managed by DP World - and Fujairah and for the U.S. Air Force at al Dhafra Air Base (tankers and surveillance and reconnaissance aircraft). The UAE also hosts the UAE Air Warfare Center, the leading fighter training center in the Middle East.
The UAE Is A Partner In Shutting Down Terror Finance Networks. The UAE has worked with us to stop terrorist financing and money laundering, including by freezing accounts, enacting aggressive anti-money-laundering and counter-terrorist financing laws and regulations, and exchanging information on people and entities suspected of being involved in these activities.
The UAE Is An Established Partner In Protecting America's Ports. Dubai was the first Middle Eastern entity to join the Container Security Initiative (CSI) - a multinational program to protect global trade from terrorism. Under CSI, a team of U.S. Customs and Border Protection officers is permanently stationed inside Dubai's ports, where they work closely with Dubai Customs to screen containers destined for the United States. Cooperation with Dubai officials has been outstanding and a model for other operations. Dubai was also the first Middle Eastern entity to join the Department of Energy's Megaports Initiative, a program aimed at stopping illicit shipments of nuclear and other radioactive material.
The UAE Is A Critical Partner In Afghanistan. The UAE extends vital military and political support to Operation Enduring Freedom in Afghanistan and substantial financial and humanitarian support to Afghanistan and its people.
The UAE Is Supporting The New Iraqi Government. The UAE has provided significant monetary and materiel support to the Iraqi government, including a pledge of $215 million in economic and reconstruction assistance.
The UAE Is Supporting Middle East Peace Efforts. The UAE is a moderate Arab state and a long-time supporter of all aspects of Middle East peace efforts. The U.S. and the UAE are also working together to create a stable economic, political and security environment in the Middle East.
The UAE Provided $100 Million To Help The Victims Of Hurricane Katrina. The UAE was one of the first nations to offer financial aid to the U.S. after Hurricane Katrina struck the Gulf Coast. UAE's $100 million donation was one of the largest by any nation.
Hint, Remember in the PR, they said they are going to protect their joint venture intrests. I think this is what was refered to.
The joint venture with Emaar Properties opens up possibilities for more projects in the near future and increases Sulja Bros. market share in the Middle East."
On August 02, 2006 Sulja Brothers Building Supplies, Ltd. met with Consultech Construction Management and Emaar Properties, in Germany, to finalize a major construction and supply agreement. A Red Sea spokesperson commented: "The joint venture includes the supply of lumber and other building materials for 3 new developments in Dubai and Abu Dhabi. CEO Steve Sulja stated: "This is exactly why we expanded in the Middle East and obtained a contract with the Liberian Government for lumber. Sulja Brothers' growth rate in the Middle East is astounding. The joint venture with Emaar Properties opens up possibilities for more projects in the near future and increases Sulja Bros. market share in the Middle East."
Another nice read from someone else on the board.
One thing some folks here have to realize...This is not "THE" run. It is just "a" run...Look at the chart and you will see it is a 3rd step in the transition...The 1st I recall took it from .007 to 4+ cents with a base @ 2-3....The 2nd took it to 15 with a base @ 7-8 and now we are experiencing the 3rd....How High? I say around 45 cents with a base around 25. Just throwing some numbers out there for the weekend.
There will be more steps for some with bigger vision...But just like the step at 4 and 15 there will be people getting off the train. And that is o.k by me. It has not stopped the show yet. Everyone is not going to make it to the destination...
"The current outstanding shares are 500 million. There are 362 million shares held by insiders. Of the 362 million insider shares, 162 million are restricted. There are 138 million shares in the public float. The number of inside owners, of 10% of common class shares, decreased after the reverse merger. The increase of outstanding shares from 200 million to 500 million excluded holders of 20 to 50 million shares from insider status.
Authorized shares is the legal limit to the issuance of shares. There is no change to the share structure until they are issued.
Often times corporations have authorized shares many times the outstanding shares. In determining dilution, EPS, PE, and other financial analyses, one uses the number of shares outstanding, not authorized.
I feel the most important number is the one that determines the share price and that is the FLOAT, where the supply of shares works against the demand for shares.
With 500 million shares outstanding:
--------------
15.6 million net earnigs divided by 500 million shares =
EPS of aprroximately 0.032
A PE multiplier of 30 is not unreasonable with the proforma numbers stated, so
0.032 X 30 = 0.96 is a resonable estimate for the stock after audited financials.
----------------------
around 100 million proforma earnings divided by 500 million shares =
EPS of 0.20 (forward looking)
If they can continue to grow in the Middle East a PE of 30 is not unreasonable
0.20 X 30 = 6.00
Many will argue with the PE but high growth stocks with great margins and earnings typically exceed a 30 PE. When the growth calms down, the PE will fall to the 15 to 20 range on the earnings.
Nice read by Fish,
Posted by: Fishforbreakfast
In reply to: None
Date:9/18/2006 11:00:57 AM
Post # of 78653
Good, Morning.. Just wait.. Everyones getting all excited about breaking .20 cents..
It still amazes me how few really truly understand how the PPS is going to react once the shorts are forced to cover.. Fed Margain Calls are coming for some..
Look at these numbers for a moment..
500 million O/S shares
362 Million Shares held by Insiders
138 Million Shares in the Public Float.
Now if Wessal does go out and buys 25% 125 million shares that will leave 13 million shares available in the float.
They are two questions I would love to know the answer to.
1. How many shares are actually out there short and FTD.
2. Is the Sulja Brothers willing to sell shares into the Market Place for the shorts to cover.. And if so at what price.
Everyone stop and think about this for a Moment..
If the Open FTD Short position is in the 200 million shares range as some supsect from old LFWK.. The Only place for the Shorts to get the number of shares thry are going to need is from the Company Insiders..
If the insiders decide not to sell shares until the PPS is much higher say $5.. he shorts will have no choice but to pay your price..
We Have the Shares the Shorts are going to need. If Company insiders hold there shares the shorts must come to us for the shares they are going to need..
WHY IS THAT SO HARD TO UNDERSTAND?? IF YOU HOLD YOUR SHARES AND THE SHORT POSITION IS AS SOME SAY IT IS. THEN OUR SHARES ARE WORTH DOLLARS NOT PENNIES..
Now if the Company Insiders decide to sell shares then the shorts will be able to cover at lower levels..
The one thing the Hedge funds who take these massive short positions will walk away from is a Cash Dividend..
It's not that the Hedge Funds could not pay the Cash Dividend it's just that they do not want to bother shorting stocks that do pay them.. Look at the stocks on the Regulation SHO List. Almost none Zero pay a cash dividend.. Issued the Dividend and the shorts cover and go away..
Allinone alluded to this next point in a previous post.. Some of the Hedge Funds look for stocks that have huge volume and big price swings.. Then they try to go Short hoping to drive the PPS back down thus selling High and Buying low.. They then pocket the difference.. I am fully prepared to see a really decent size jump and then the Hedge Funds pour inot the stock in hopes to drive the PPS back down.. They need to be carefull.. Additional news at the right time could bring in some additional buyers will just as much money as the Hedge Funds and it will only compund there short position..
If I was shoert this stock.. I would cover and just walk away and look for another stock tpo play with.
Now if the Insiders hold there shares and wessal buys there shares that leaves 13 million shares to go around.. In my opinion that is not enough shares.
In my opinion we are gojng to need a 2/1 forward split.. probalby after getting listed on the Nasdaq.. Institutional Buyers and Mutual Funds willbe taking positions.. Remember these cash rich buyers like stocks that are growing earnings, revenues and if they pay a regular quarterly dividend. They like them evem more.
I honestly see this stock next year this time trading in the $8-12 range after a 2/1 forward split.. Call me unstable or crazy thats ok. In my opinion with a few moregood solid contracts. The gross revenues a year from now could be greater than 2 Billion Dollars.
Put your own Profit Numbers and PE in place..
For now I am trying to not get to wrapped up in the day to day PPS activities.. I am trying to keep myself focused on the muhc Bigger Picture and year or more down the road..
I do have some shares for the short term.. I will be selling some shares in about a month to pay some bills off and buy a new SUV/Car.. But the majority of my shares are locked up in a sperate account for long term capital gains taxes..
Hope all have a great day and week ahead. All MOO FFB-Fish I do not have time to go back and correct each and every little spelling mistake etc
Red Sea Group Hones in on Data Centers
By Brian K. Miller
SANTA CLARA, CA-Intent on scooping up as many as possible, the international real estate development firm acquires its third data center here in the past 18 months. The building is fully leased by the soon-to-be-sold telecom company Electric Lightwave.
Red Sea Group Buys Back Class A Data Center
By Connie Gore
RICHARDSON, TX-In a niche play, the investment group cuts a near $8-million, off-market deal for a Cingular-leased asset that it sold in 2000.
Red Sea Group, Provident Pocket 42 Prized Acres in North Dallas
By Connie Gore
DALLAS-With a foreclosure clock ticking, the new JV closes an off-market buy of the last large tract available for mixed-use redevelopment in its submarket, paying far less than the $52-million previous ask for the 857 apartments and 50,000-sf shopping center.
RED SEA DEVELOPMENT ENTERPRISE L.L.C.
Oil Field, Construction & Trade
w w w . r e d s e a - g r o u p . c o m
UNDER CONSTRUCTION
Please Visit Us Soon
Address in UAE
P.O.Box 36428
Dubai, UAE
TeTel : (+971) 4 295 7261 / 2l : (+971) 4 295 7261 / 2
Fax : (+971) 4 295 7263
Mob : (+971) 50 65 00 458
Email : info@redsea-group.com________________________________________
Address in UAE
P.O.Box 36428
Dubai, UAE
Tel : (+971) 4 295 7261 / 2
Fax : (+971) 4 295 7263
Mob : (+971) 50 65 00 458
Email : info@redsea-group.com
Address in USA
203 Yoakum Parkway No. 1708
Alexandria, VA 22304 - USA
Tel : (+703) 461-0440
Fax : (+703) 461-0444
Mob : (+703) 732-0965
Email : yalattia@redsea-group.com
BBB Reliability Report
The Better Business Bureau
Serving Windsor & Southwestern Ontario
880 Ouellette Avenue, Suite 302
Windsor, ON N9A 1C7
Sulja Brothers Ltd.
Erie Road, R.R. #3
Harrow, ON. N0R 1G0
The BBB reports on members and non-members
Original Business Start Date:
File Open Date:
Principal:
TOB Classification: NOT YET CLASSIFIED.
BBB Membership: This company is not a member
The Bureau maintains a report on a firm based on inquiry or complaint activity. The BBB has not received a sufficient volume of requests for information, nor has the Bureau received complaints on this firm to warrant the maintenance of a report. The information provided, however limited, is presented to assist you in your purchasing decisions or for any other purpose you deam relevant. The BBB suggests you read and understand company promotional materials and contracts and check company references and licensing, where applicable.
Customer Experience
The Bureau has processed no customer complaints on this company in the last three years
Based on BBB files, this company has a satisfactory record with the Bureau. To have a Satisfactory Record with the Bureau, a company must be in business for at least 12 months, properly and promptly address matters referred to it by the Bureau, and be free from an unusual volume or pattern of complaints and law enforcement action involving its marketplace conduct. In addition, the Bureau must have a clear understanding of the company's business and no concerns about it's industry.
As a matter of policy, the Better Business Bureau does not endorse any product, service or company. BBB reports generally cover a three-year reporting period, and are provided solely to assist you in exercising your own best judgement. Information contained in this report is believed reliable but not guaranteed as to accuracy. Reports are subject to change at any time.
Look, Nite and UBSS covering fast on Level 2!!!!!
OK all, the bashers are here to try and keep us from talking about the substance in the financials. Lets talk about the numbers to come, oh, and yes the Pro-forma too, oh and the cement deal too that wasn't in the pro-forma numbers. Yea, what was that - 607,000,000 mil or something like that. Not counting new deals, and not counting a divy. So Much going on I can't remember it all!
Folks, There may be a key word in this statement. Notice he said "WE had to" Past tense.
we had to make sure that all companies under the Sulja Bros. umbrella operation are taken in consideration.
IMO they could be as early as tommorrow or just anytime for good timing.
all companies under the Sulja Bros. umbrella operation are taken in consideration.
I'll wait
This is the kind of leadership I like in a Company, Petar gave his statements, you believe him or you don't. He is not going to try and justify a minor delay that's out of his hands.
He know's all will be forgiven when the numbers show he was telling the truth all along and telling everyone in advance the kind of money they could make in SLJB.
I bought more at.18 last week and still happy to be in under .50
Sometimes you just have to know the people your dealing with. Not just the Company, because the people in the Company are the Company.
Petar is a no-nonsense individual. Period. I like the fact he's not trying to hold anyone's hand through the up's & down's of the PPS.
This gives me even more confidence in my investment and that the AF's are coming soon.
When they hit, many will say: "oh Sh$t, Da$,they actually did it, they put out AF's. This is a Pink, or Was.
And that doesn't include a Divy or new deals being announced. Could easily IMO be a 8.00 to 10.00 stock in 6 months or less.
P.S. we don't know yet what Emaar has in mind.
I can't even imagine the thought's people would have if they sold this morning and 30 minutes later the AF's came out.
First run to .45 or .50 if big money not buying yet, then next day shorts start covering 150-200 mill shares. Next run to 2.00, then big money comes in- next stop around 3.50- 4.00.
Those who sold saying who know's what. But just 50,000 Shares would have had maybe 200 grand. Yet sold this morning for 5000.
All I would say is do your DD on the company your investing in, and weigh your risk against your Reward folks. Large upside here IMO.
Very well could be that Edgar filings are taking place as we speak.
Wonder what will be said when it's announnced in a PR we're moving to a higher exchange and being listed on Dubai exchange at the same time.
Nite may very well be walking into an ambush this A.M. Will be wonderful to see! Well deserved IMO.
Is something up. hdsn just moved their bid back up from .12 to .18
Got ta go for tonight, good luck all. just remember where we will be in a month.
Penny, I see it as an uncut diamond! Worth plenty now, yet the more it gets polished the more value it gains.
Seems many people group all pennies into one category. So to them they should all work the same. That means none would ever have a PPS run. Or, if they did, it would go back to zero in a short time frame. How do they explain the ones that do run and become legitimate Companies.
Do your homework and DD on the company. They are not all the same people at each Penny stock and not all alike as many want you to believe.
One person I spoke to one morning held over a 100 million shares and not once did he hype or try to push this stock. He simply answered my questions and was very professional.
Don't get me wrong, I respect many peoples opinion’s, but don't think they dig into each company individually deep enough. Its not all in the charts always.
Anyone with who doesn’t believe AF’s are coming ask yourself this. We know Sulja exists and we know Loftworks exists. We know Consultect and other entities involved are much larger Companies in comparison. Why would they go to all this trouble for a .10 stock. This is all legit IMO, and these guy’s know the big picture.
When I first got in this stock I traded in & out. The more DD I done the less I sold and the more I bought. Now I only Buy on dips. No more selling for a good while.
I've been to the Nashville location and it's being renovated into lofts by Dennis Ammerman.
I went downtown on 4th ave. to verify for myself that Loftworks did exist at that location.
I got there pretty early in the morning and the construction foreman gave me a tour of the entire building after he made me put the hard hat on!
Dennis Ammerman had not arrived yet. It is certainly being rennovated into lofts.
I think he said there were about 12-15 units (not sure exactly), but do remember he said avgerage cost was around $400,000.00 each. They were all sold but two.
Dennis Ammerman is overseeing that project and will have an office in that location according to the gentleman who gave me the tour.
P.S. I did speak to Dennis on the foreman's phone before leaving and he was very straight forward.
They will try to entice sells here because they know once the financials are proven (audited) by a major firm, then no one in their right mind will let go of any shares until their valuation of those numbers are hit. This also means anyone not in may have to pay more.
Those who believe the Company as I do will hold all the way through these small dips.
Also, I’ll say this again, I’ve been reviewing #’s from last years financials and comparing them to the Original Proforma put out before the cemnt deal. Actually, my goal was to shoot holes in the numbers, but I couldn’t.
As we all know it costs money to grow a business. If everyone will look closely, I think there are a lot of answers in the numbers. (at least for me).
Here’s a few percentage differences, where I compared Last yrs. %’s to next yrs. Expected %’s.
Gross Margin .56% better than last yr at 45%.
Payroll & Benefits 4.35% more.
Advertising & promotion .44% more.
Total Operating Cost 5.35% more over last yr.
Total Expenses 9.69% more over last yr.
Pretax Profit—9.14% less than last yr. but with a very nice number—$93,951,965.18.
I can live with that on a .08 PPS stock.
Now for the better news, what everyone better look at is the middle east sales.
You will notice August and Sept. months roughly increase by 1 million give or take. This sounds legit as they are just getting rolling.
However look what happens beginning in October, 2 mill increase, nov-3 mill increase month over month and it just keeps growing larger every month.
I think this gives us some insight as to Company announcing PR’s as well, probably beginning heavy by the end of this month. IMO these are contracts already signed and not announced yet.
All in all, this shows me they are spending more to grow the business, and in the right places.
The payroll was $1,352,748.00 last yr. compared to $19,683,828.00 next yr.
Sounds like it's reasonable to me when you look at the $307,000,000.00,
All this JMO. Oh ,one I forgot to mention that I found interesting was Travel expenses, these were last yr, $24,268.00 and this coming yr. $1,250,000.00.
What a big difference in travel expenses, Sounds like these guys plan on spending a lot of time somewhere.
From KPMG web site.
We play an important role in the capital markets, and are highly active in supporting positive reform within our industry to strengthen credibility and confidence.
I think they would have stated by now if they were not involved.
Fine with me, I'll still have the same amount of shares.
Wave , I added it to my profile and all will see this until they arrive if all will do it.
Well I added it to my profile until financials arrive.
And it should be understood by everyone! Period. It should be in every post IMO for the rest of the night. I'm thinking we all should go add this as our signature (We are NOT waiting for SLJB......we ARE waiting for KMPG) until the AF's come out.
What does everyone think about this? The bashers would be overwhelmed.
A must read! from syracuseo, The best single line I've heard in a week!!!!
We are NOT waiting for SLJB......we ARE waiting for KMPG.
If we Don't see AF's before tonight, all should be ready for basher overload tonight. Many will try to scare up some cheap shares for tommorrow. "Why would they do that if they didn't like the stock. Buy at a cheaper price, I mean?"
about bashers....
How to recognize Stock bashers on Message boards, newsgroups and in chat rooms. its too long but you've got to read it:
A year ago when I asked broker friends of mine if the internet message
boards will have any affect on a stock. They ALL laughed at me and
said those idiots having an affect on a stock !
A truth: IT IS EASIER TO SCARE PEOPLE INTO SELLING THAN IT IS TO
INFORM PEOPLE INTO BUYING A STOCK.
Well I asked those same friends this last week, and the answer from
all YES! message boards and ""shorts" (some) can manipulate with lies,
and deceit.
Now think about that, you have elderly that invest and find their way
to the message boards only to see false posts about "SEC Violations"
and "Class action suits" or you have a Yuppie with a kid to put in
college going to these message boards only to see posts by 15-20
(probably 5 or 6 under alias) "pack of shorts" posting the same false
stuff about SEC Violations or lawsuits or "there's bad news coming
out" ....what do you think they will do ?
It's easier to sell the stock and put the money into the bank for
nervous people like the elderly and the Yuppie who needs college
funds. THAT'S WHO THE PACK OF SHORTS PRAY ON AND DEPEND ON. They bet
on a stock to go down-not up! Understand? And they have just as much
money and risk as you. But they have the edge of fear, lies,
falsehoods to post and pray on the nervous. Longs don't have that.
Lesson 1: Remember, BASHERS NEVER BASH A BAD STOCK. Watch the board
for stocks with no potential. They never have any bashers. Bashers
only go after stocks that are going upwards or have excellent
potential to go up. Bashers get left behind, so they want to bring the
price down
Lesson 2: BASHERS ALWAYS BRING UP OLD NEWS THAT YOU HAVE HEARD MANY
TIMES. New startup companies always have a few bits of bad news. The
basher will post this over and over again. The stupid basher will try
to make the old news a bit fresher to try to fool you.
Lesson 3: BASHERS POST MANY TIMES A DAY. They try to wear you out.
They comment on everything, every other post, and can answer every
question. THEY KNOW IT ALL! There is no positive comment they won't
bash. They try to control the board. True longs may have to address
the bashers or they will appear to the newbies as being the people
with all the information.
Lesson 4: BASHERS WILL LIE TO YOUR FACE. Never trust a basher. The
truth on startup companies is that many mistakes are made and losses
happen. The basher will try to make you believe all startup companies
make a profit, release financials every quarter and all aspects of the
business run smoothly. THIS IS NOT TRUE. THE BASHERS LIE TO YOU.
Startup companies can go years without profits, financials and good
business, this is the nature of the beast.
Lesson 5: The bashers know YOU CAN'T VERIFY THEIR STATEMENTS. That's
why they make the statements they do.
Lesson 6: The bashers PLAY ON YOUR LACK OF KNOWLEDGE. They can lie
about information and you couldn't know the difference (unless you
have done your
assessment of the company and know the truth and facts).
Lesson 7: Bashers play on your lack of patience. YOU have held a stock
for a while. You knew it will be a big stock someday, but the BASHER
CAN GET TO YOU BECAUSE YOU ARE TIRED OF WAITING FOR YOUR GAIN . That's
when the basher is best. You are tired. You have forgotten the goal
for the stock was to hold it for one year. The basher is bothersome,
so you dump it on a bad day. Some others also dump. Then you get mad
for your loss and return to let everyone know how mad you are. Then
you turn into a basher as well. THE BASHER HAS
WON, AND GAINED A NEW PARTNER, TOO. to be able to get in at a great price.
Lesson 8: BRING THE PRICE DOWN. That is the basher's job. The truth is
not important. Lies are the norm. Post continuously on the board every
day. They are trying to hit the newbies visiting the board. They are
trying to wear out the longs on the board. They do whatever it takes
to wear the longs out.
Lesson 9: BASHERS WILL TRY TO CREATE DOUBT AND GET YOU TO RESEARCH
ITEMS THAT THEY KNOW WILL LEAD TO THE CREATION OF DOUBT IN YOU AND IN
OTHER STOCKHOLDERS. A typical trick of an advanced basher is to
propose that there is a potential "problem" because "we" don't have
the facts on a particular subject. The basher dares someone in the
group to find out the answer to the question. The basher already knows
the answer; the basher already knows what will be found. The power of
this tactic is that the basher is now in control of the actions of the
stockholders; the basher has you, the stockholder doing HIS/HER due
diligence and when you, the stockholder come back to the group with a
questionable finding then the basher gains credibility. What to do???
Solution??? Well, I think it's important to find answers but on your
own terms. I actually pick up the phone and call the company and talk
to the investor relations person or the CEO until I get a satisfactory
answer. The problem here is that the advanced basher has you doing his
bidding and his work; you have essentially joined his ranks. So,
develop your own little Due Diligence package and answer questions by
placing the information into the package and referring all new
investors to read the answers to questions raised in the Investor
Information package but DON'T GET INTO A CONVERSATION WITH THE BASHER
REGARDING THE TOPIC. THAT IS WHERE YOU LOSE. DON'T CONVERSE WITH THE
BASHER; ANSWER INDIRECTLY; DON'T USE THE BASHERS NAME; DON'T GET INTO
A PERSONALITY CONTEST.
A BASHERS HANDBOOK: know the enemy who wishes to steal your money! Do
not underestimate a bashers influence on a stock. The Pro's are good
at what they do and what they do is profit from your losses. Below is
their "hand-book" so to speak. Learn from it or donate your money to
those who make an organized plan to steal your money!
BASHERS DO THE FOLLOWING:
1. Be anonymous
2. Use 10% fact. 90% suggestion. The facts will lend credibility to
your suggestions.
3. Let others help you learn about the stock. Build rapport and a
support base before initiating your bashing routine.
4. Enter w/ humor and reply to all who reply to you.
5. Use multiple ISP's, handles and aliases.
6. Use two (2) or more aliases to simulate a discussion.
7. Do not start with an all out slam of the stock. Build to it.
8. Identify your foes (hypsters) and the boards "guru" Use them to
your advantage. Lead them do not follow their lead.
9. Only bash until the tide/momentum turns. Let doubt carry it the
rest of the way.
10. Give the appearance of being open minded.
11. Be bold in your statements. People follow strength.
12. Write headlines in caps with catchy statements.
13. Pour it on as your position gains momentum. Not your personality.
14. Don't worry about being labeled a "basher". Newbies won't know
your history.
15. When identified put up a brief fight, then back off. Return in an
hour unless your foe is a weak in reasoning powers.
16. Your goal is to limit the momentum of the run. Not to tank the
company or create a plunge in the stock; be subtle and consistent.
17. Kill the dreams of profits, not the company or the stock.
18. Use questions to create critical thinking. Statements to reinforce
facts.
19. DO NOT LIE, DO NOT NAME CALL and DO NOT USE PROFANITY.
20. Encourage people to call the company. 99% won't. They'll take your
word for claims made. If they do call you can always find something
that is inaccurate in how they report their findings.
21. Discourage people for taking the companies word for anything.
Encourage them to call the company. They won't out of laziness.
22. If the companies history/PR's are negative constantly point to
that. Compile a list of this data prior to beginning your efforts.
23. If the price rises blame it on the hype or the PR, temporary mass
reaction, the market, etc. Anything but the stock itself.
24. If other posters share your concerns, play on that and share
theirs too.
25. Always cite low volume, even when it's not.
26. Three or four aliases can dominate a board and wear down the longs.
27. Bait the hypsters into personal debates putting their
focus/efforts on you and not the stock or facts. Divert their
attention from facts. Show them the facts from a "different angle."
28. Promote other stocks that would-be investors can turn to instead
of the one your bashing.
30. Do not fall for challenges on the "values" of what you are doing,
it's a game and you are playing it with your own rules.
GRADE YOUR FAVORITE BASHER:
Advanced Basher:
Will join the message board early and actually "pump" the stock with
positives; this basher is very intelligent, has the facts of the
company, actually helps longs with Due Diligence and generally gets
the confidence of the stockholders. Then, when the stock hits their
price, the tone will change and they will start asking longs to check
into this and check into that. The seeds of doubt are being planted.
This basher will then start using all the tactics listed on this page
to create seeds of doubt. ALWAYS LOOK AT THE PROFILE OF A PERSON YOU
SUSPECT. ASK WHAT STOCKS THEY'VE "SUPPORTED" IN THE PAST AND CHECK OUT
THE MESSAGE BOARD. An honest person will have a positive track record
that can be followed. I strongly believe that a contrary view is
needed but this person is out to steal your money and does it by
deception and creates fear after gaining confidence! BEWARE, this is
the most clever basher and the hardest to spot.
Grade A Basher:
Posts lots of old news, responds to all positive posts with a negative
side. Never responds to being called a basher, never posts on another
board. Can spend up to 80 hours a week bashing a stock.
Grade B Basher:
Very good way with words, always claims to be your "friend" taking the
positive poster into confidence, never posts on another board, spends
about 60 hours a week.
Grade C Basher:
Spends less time than the others but is somewhat effective and gets a
C grade due to getting excited when bashers rules say not to get
excited, spends about 40 hours a week.
Grade D Basher:
Needs to learn the basics about being convincing when making a
negative statement. Spends a good amount of time working the stock,
maybe 20 hours a week. Grade F Basher: A complete idiot, most readers
are not convinced he knows anything about stocks in general. The type
that says a stock "sucks", but gives no rationale, shows up every so
often but no regular schedule.
WHY BASH?: MONEY (the usual reason), SPORT, ENTERTAINMENT. Some
bashers are compelled to bash because they are inherently a part of
the dark side of life so they must do it. It's a sad fact but never
the less, a fact. It's life so you must learn how to deal with it or
become a victim!
LEARN ABOUT HOW BASHERS WORK: how they are paid: (this was written by
a basher) I know the following from a "friend" who needed extra money.
I never answer a basher directly because I then become a basher's
little money machine.
IGNORE THEM FOLKS...how bashers are paid: When you REPLY to bashers
you give them an opportunity to earn 5-7 bucks. The service agreement
they enter into with their employer states their messages will be
monitored for content, profanity, lies, etc. but Money Manager's and
the like don't have the time to check all their bashers messages. Only
occasional spot checks are done. Those who manage the basher will
generally read the headlines to see if a basher is replying to other
posters by name. That tells them the basher isn't just "posting
blindly" or repeating the same message over and over since they won't
pay for those. A basher will attempt to milk three to five replies per
post at one to two dollars each. This way the basher spreads negative
influence to as many stockholders as possible. A basher will create
this discussion thread because it takes less time reading more
messages than is necessary. This ultimately allows the basher more
time to post and make money. In general, NEVER ENGAGE A BASHER. Make
them read all the posts and think up ways to enter the discussion.
NEVER ENGAGE A BASHER; if you do so then YOU BECOME THE BASHER'S AID!
Read the news ,do your own homework and make your own decisions. Get
real time quotes and follow the stock for a couple of weeks. Due
Diligence is key here. Know that there will be a time when the stock
runs up which will be followed by the Bashers and those that missed
the boat. The bashers will trash the stock by saying such things as
"it's a Pump and Dump" and "the company is lying" and deceiving. There
goal is to scare off newbies and potential new investors by "shaking"
you out of your shares. Take the time to confirm your DD ,trust your
own judgment and believe in yourself, pick your point of return or
loss and live with it. Don't listen to hype or bashers trust your own
judgment. Live by the rules you have created .
Seems many people group all pennies into one category. So to them they should all work the same. That means none would ever have a PPS run. Or, if they did, it would go back to zero in a short time frame. How do they explain the ones that do run and become legitimate Companies.
Do your homework and DD on the company. They are not all the same people at each Penny stock and not all alike as many want you to believe.
One person I spoke to one morning held over a 100 million shares and not once did he hype or try to push this stock. He simply answered my questions and was very professional.
Don't get me wrong, I respect many peoples opinion’s, but don't think they dig into each company individually deep enough. Its not all in the charts always.
Anyone with who doesn’t believe AF’s are coming ask yourself this. We know Sulja exists and we know Loftworks exists. We know Consultect and other entities involved are much larger Companies in comparison. Why would they go to all this trouble for a .10 stock. This is all legit IMO, and these guy’s know the big picture.
When I first got in this stock I traded in & out. The more DD I done the less I sold and the more I bought. Now I only Buy on dips. No more selling for a good while.
I've been to the Nashville location and it's being renovated into lofts by Dennis Ammerman.
I went downtown on 4th ave. to verify for myself that Loftworks did exist at that location.
I got there pretty early in the morning and the construction foreman gave me a tour of the entire building after he made me put the hard hat on!
Dennis Ammerman had not arrived yet. It is certainly being rennovated into lofts.
I think he said there were about 12-15 units (not sure exactly), but do remember he said avgerage cost was around $400,000.00 each. They were all sold but two.
Dennis Ammerman is overseeing that project and will have an office in that location according to the gentleman who gave me the tour.
P.S. I did speak to Dennis on the foreman's phone before leaving and he was very straight forward.
They will try to entice sells here because they know once the financials are proven (audited) by a major firm, then no one in their right mind will let go of any shares until their valuation of those numbers are hit. This also means anyone not in may have to pay more.
Those who believe the Company as I do will hold all the way through these small dips.
Also, I’ll say this again, I’ve been reviewing #’s from last years financials and comparing them to the Original Proforma put out before the cemnt deal. Actually, my goal was to shoot holes in the numbers, but I couldn’t.
As we all know it costs money to grow a business. If everyone will look closely, I think there are a lot of answers in the numbers. (at least for me).
Here’s a few percentage differences, where I compared Last yrs. %’s to next yrs. Expected %’s.
Gross Margin .56% better than last yr at 45%.
Payroll & Benefits 4.35% more.
Advertising & promotion .44% more.
Total Operating Cost 5.35% more over last yr.
Total Expenses 9.69% more over last yr.
Pretax Profit—9.14% less than last yr. but with a very nice number—$93,951,965.18.
I can live with that on a .08 PPS stock.
Now for the better news, what everyone better look at is the middle east sales.
You will notice August and Sept. months roughly increase by 1 million give or take. This sounds legit as they are just getting rolling.
However look what happens beginning in October, 2 mill increase, nov-3 mill increase month over month and it just keeps growing larger every month.
I think this gives us some insight as to Company announcing PR’s as well, probably beginning heavy by the end of this month. IMO these are contracts already signed and not announced yet.
All in all, this shows me they are spending more to grow the business, and in the right places.
The payroll was $1,352,748.00 last yr. compared to $19,683,828.00 next yr.
Sounds like it's reasonable to me when you look at the $307,000,000.00,
All this JMO. Oh ,one I forgot to mention that I found interesting was Travel expenses, these were last yr, $24,268.00 and this coming yr. $1,250,000.00.
What a big difference in travel expenses, Sounds like these guys plan on spending a lot of time somewhere.
V. Are There Legal Ways To Offer and Sell Securities Without Registering With the SEC?
Yes! Your company's securities offering may qualify for one of several exemptions from the registration requirements. You must remember, however, that all securities transactions, even exempt transactions, are subject to the antifraud provisions of the federal securities laws. This means that you and your company will be responsible for false or misleading statements, whether oral or written. The government enforces the federal securities laws through criminal, civil and administrative proceedings. Some enforcement proceedings are brought through private law suits. Also, if all conditions of the exemptions are not met, purchasers may be able to obtain refunds of their purchase price. In addition, offerings that are exempt from provisions of the federal securities laws may still be subject to the notice and filing obligations of various state laws.
I'm not the least bit concerned about my money, not letting any shorts get thier hands on my shares, well, maybe later at 4.00 +.
Even if the price drops, it will still come to correct valuation when audit hits. So, I can wait. Not letting shorts get in cheap on my behalf.
Will sleep just fine tonight.
Just so everyone knows: regardless of what the bashers tell you about pinks, companies are still responsible for information put out to the public, written or verbal. Check this out from the SEC. They are talking about non-reporting!!!!!!
V. Are There Legal Ways To Offer and Sell Securities Without Registering With the SEC?
Yes! Your company's securities offering may qualify for one of several exemptions from the registration requirements. You must remember, however, that all securities transactions, even exempt transactions, are subject to the antifraud provisions of the federal securities laws. This means that you and your company will be responsible for false or misleading statements, whether oral or written. The government enforces the federal securities laws through criminal, civil and administrative proceedings. Some enforcement proceedings are brought through private law suits. Also, if all conditions of the exemptions are not met, purchasers may be able to obtain refunds of their purchase price. In addition, offerings that are exempt from provisions of the federal securities laws may still be subject to the notice and filing obligations of various state laws.
D&B Canada receives millions of payment experiences each year. We enter these
new and updated experiences into D&B Reports as this information is received.
Below is a summary of the company's payments, segmented by the amount of
credit extended.
% TOTAL HIGH CREDIT AMOUNT
NUMBER AMOUNT DISCT ---- DAYS SLOW ----
In file: OF EXP ($000) PROMPT 1-30 31-60 61-90 91+
% % % % %
12 months ending Jun 2006 46 1680 4 10 56 29 1
3 months ending Jun 2006 12 56 22 9 3 45 21
Credit extended: $100.+ 5 1500 0 10 60 30 0
($000) $50-99.9 0 0 0 0 0 0 0
$15-49.9 4 80 50 0 19 31 0
$5-14.9 7 48 25 0 19 19 37
$1-4.9 20 47 33 46 18 3 0
less than $1.0 10 4 74 1 6 19 0
Trade at net terms 23 63 12 2 28 58 0
Trade at discount 0 0 0 0 0 0 0
Cash Experiences 0 0
Placed for Collection 0 0
Unfavourable Comments 0 0
Note: In some instances, payments beyond terms can be the results of overlook-
ed invoices or disputed accounts. Remember that accounts are sometimes placed
for collection even though the existence of debt, or the amount, is disputed.
INDUSTRY PAYMENTS
______________________________________________________________________________
Below is a summary of the company's dollar-weighted payments, segmented by the
suppliers' primary industries:
TOTAL LARGEST % ---- DAYS SLOW ----
TOTAL DOLLAR HIGH W/IN
RCV'D AMOUNTS CREDIT TERMS 1-30 31-60 61-90 91+
% % % % %
Total in D&B's file 57 4903740 1000000
Top 10 Industries:
1 PULP MILLS 5 1500000 300000 0 10 60 30 0
2 MFR STEEL PRODUCTS 5 21435 9000 6 42 0 52 0
3 WHL INDUSTRL SUPPLY 5 14500 3000 19 81 0 0 0
4 MFR-FAB PIPE&FITNGS 5 8000 2000 38 0 62 0 0
5 WHL AUTOMOTVE PARTS 5 2545 1000 20 58 20 2 0
6 WHL CONST MATERIALS 4 1215000 400000 0 0 51 0 49
7 MFR TRUCK/TRAC/TRLR 4 4100 1500 20 0 80 0 0
8 WHL MILLWORK 3 2025000 1000000 0 0 99 1 0
9 MFR GYPSUM PRODUCTS 3 60000 20000 83 0 0 17 0
10 BUS FINANCING CO 3 2700 900 100 0 0 0 0
11 OTHER INDUSTRIES 5 2960 2000 4 8 20 68 0
12 INTERNATIONAL TRADE 10 47500 6000 44 18 0 0 38
Other Payment Categories:
Cash experiences 0 0 0
Payment record unknown 0 0 0
Unfavorable comments 0 0 0
Placed for collection
with D&B 0 0
other 0 N/A
The highest "Now Owes" on file is $300,000.
The highest "Past Due" on file is $300,000.
DETAILED PAYMENT EXPERIENCES
______________________________________________________________________________
DATE PAYMENT HIGH NOW PAST SELLING LAST
REPORTED RECORD CREDIT OWING DUE TERMS SALE
06-2006 Ppt-Slow 30 3500 0 0 6-12 mos
Slow 120 6000 0 0 6-12 mos
05-2006 Ppt 35 35 0 N30 1 mo
Ppt-Slow 30 3500 0 0 6-12 mos
Ppt-Slow 30 80 80 80 N30 1 mo
Ppt-Slow 6000 0 0 6-12 mos
Slow 90 25000 25000 25000 N30
04-2006 Ppt 900 900 0 N30 1 mo
Ppt 80 80 0 N30 1 mo
Ppt-Slow 30 3500 0 0 4-5 mos
Ppt-Slow 6000 800 800 6-12 mos
Slow 60 1500 0 0 N30 2-3 mos
03-2006 Ppt 900 900 0 N30 1 mo
Ppt-Slow 30 3500 0 0 4-5 mos
Ppt-Slow 90 2500 2500 0 N30 1 mo
Ppt-Slow 120 6000 800 800 4-5 mos
Slow 30 3000 0 0 2-3 mos
02-2006 Ppt 900 900 0 N30 1 mo
Ppt-Slow 30 3500 0 0 2-3 mos
Ppt-Slow 120 6000 1500 1500 4-5 mos
Slow 60-90 300000 50000 45000 1 mo
01-2006 Slow 30 3000 700 700 1 mo
Slow 60 15000 15000 15000
Slow 60 1500 1500 750 N30 1 mo
12-2005 Ppt-Slow 30 3000 800 200 1 mo
Slow 60-90 300000 55000 50000 1 mo
Slow 90 900 0 0 N30
11-2005 Slow 60-90 300000 100000 100000 1 mo
10-2005 Ppt-Slow 60 600 600 500 N30 1 mo
Slow 60 300000 250000 1 mo
Slow 60 1000 0 0 N30
09-2005 Ppt 20000 0 0 6-12 mos
Slow 30 3000 3000 2000 1 mo
Slow 30-60 300000 300000 1 mo
Slow 60 1000 0 0 N30
Slow 30-60 1000 80 80 N30 1 mo
08-2005 Ppt 20000 0 0 6-12 mos
Ppt-Slow 30 2500 2500 700 1 mo
Ppt-Slow 60 2000 0 0 N30 6-12 mos
Slow 30-90 9000 0 0 N30 6-12 mos
07-2005 Ppt 500 500 0 N30 1 mo
Ppt-Slow 60 2000 0 0 N30 6-12 mos
06-2005 Ppt-Slow 60 2000 0 0 N30 6-12 mos
Slow 30 1000 1000 900 N30 1 mo
Slow 30-90 9000 900 900 N30 6-12 mos
Slow 90 45 0 0 N30 6-12 mos
05-2005 Slow 60 1000000 0 0 6-12 mos
04-2005 Slow 90 2000 0 0 6-12 mos
03-2005 Slow 60 400 0 0 N30
02-2005 Ppt 250 250 0 N30 1 mo
Ppt 250 250 0 N30 1 mo
Ppt-Slow 90 20000 0 0 2-3 mos
Slow 60 1000000 0 0 6-12 mos
Slow 30-60 400 0 0 N30
Slow 60-120 400000 300000 1 mo
Slow 60-120 400000 300000 1 mo
Slow 60-120 400000 300000 1 mo
===============================================================================Finance
04-13-2005 attempts to contact principals were unsuccessful.
Outside sources confirmed ownership and general information on
subject but could not provide further details.
===============================================================================Public
Record
10-28-2004 suit was registered against SULJA BROS. BUILDING SUPPLIES
LIMITED by ROYAL BANK OF CANADA in connection with claims.
(YKU04CV278023CM 3)
03-31-2005 SULJA BROTHERS BUILDING SUPPLIES LTD. registered
financing statement in favour of NATIONAL LEASING GROUP INC. L
2292253. Assets covered: equipment. Amount: n/a. (613769544)
03-30-2005 SULJA BROS BUILDING SUPPLIES LTD registered financing
statement in favour of H.M.THE QUEEN IN RIGHT OF ONTARIO AS
REPRESENTED B. Assets covered: book debts. Amount:
282,882. (613744011)
03-01-2004 SULJA BROS BUILDING SUPPLIES LTD. registered financing
statement in favour of CIT FINANCIAL LTD. Assets covered: equipment
Amount: n/a. (603431199)
12-17-2003 SULJA BROS BUILDING SUPPLIES LTD. registered financing
statement in favour of CITICAPITAL COMMERCIAL CORPORATION. Assets
covered: equipment. Amount: n/a. (601897671)
12-09-2003 SULJA BROS BUILDING SUPPLIES LTD. registered financing
statement in favour of CITICAPITAL COMMERCIAL CORPORATION. Assets
covered: equipment. Amount: n/a. (601659954)
07-14-2003 SULJA BROS. BUILDING SUPPLIES LTD. registered financing
statement in favour of CITICORP VENDOR FINANCE, LTD. Assets covered:
equipment. Amount: n/a. (896354622)
05-26-2003 SULJA BRODS BUILDING SUPPLIES LTD. registered financing
statement in favour of CITICAPITAL COMMERCIAL LEASING CORP. Assets
covered: equipment. Amount: n/a. (894656853)
05-07-2003 SULJA BROTHERS BUILDING SUPPLIES LTD. registered
financing statement in favour of NATIONAL LEASING GROUP INC. L
2202597. Assets covered: equipment. Amount: n/a. (894091473)
03-14-2003 SULJA BROS BUILDING SUPPLIES LTD registered financing
statement in favour of CITICORP VENDOR FINANCE, LTD. Assets covered:
equipment. Amount: n/a. (892455993)
01-28-2003 SULJA BROS BUILDING SUPPLIES LTD. registered financing
statement in favour of CITICORP VENDOR FINANCE, LTD. Assets covered:
equipment. Amount: n/a. (891221544)
01-20-2003 SULJA BROS BUILDING SUPPLIES LTD registered financing
statement in favour of CITICAPITAL LIMITED. Assets covered:
equipment. Amount: n/a. (890997309)
02-11-2003 SULJA BROS. BUILDING SUPPLIES LTD. registered financing
statement in favour of CITICAPITAL COMMERCIAL LEASING CORPORATION.
Assets covered: equipment. Amount: n/a. (891607167)
02-11-2003 SULJA BROS. BUILDING SUPPLIES LTD. registered financing
statement in favour of CITICAPITAL COMMERCIAL LEASING CORPORATION.
Assets covered: equipment. Amount: n/a. (891607176)
04-29-2003 SULJA BROS BUILDING SUPPLIES LTD. registered financing
statement in favour of CITICAPITAL COMMERCIAL LEASING CORP. Assets
covered: equipment. Amount: n/a. (893834667)
05-14-2002 subject registered financing statement in favour of JOHN
DEERE CREDIT INC. Assets covered: equipment. Amount: n/a. (
882646128)
09-04-2001 subject registered financing statement in favour of
WOODSLEE CREDIT UNION LIMITED. Assets covered: book debts. Amount:
n/a. (875898045)
08-20-2001 subject registered financing statement in favour of
CITICORP VENDOR FINANCE, LTD. Assets covered: equipment. Amount:
n/a. (875491308)
03-19-2001 subject registered financing statement in favour of JOHN
DEERE CREDIT INC. Assets covered: equipment. Amount: n/a. (
870690321)
03-08-2001 subject registered financing statement in favour of
WOODSLEE CREDIT UNION LIMITED. Assets covered: book debts. Amount:
n/a. (870472602)
03-08-2001 subject registered financing statement in favour of
WOODSLEE CREDIT UNION LIMITED. Assets covered: book debts. Amount:
n/a. (870472629)
01-25-2001 subject registered financing statement in favour of
WOODSLEE CREDIT UNION LIMITED. Assets covered: book debts. Amount:
n/a. (869424786)
06-29-2000 subject registered financing statement in favour of THE
TORONTO-DOMINION BANK - HARROW 26402 CAS. Assets covered:
equipment. Amount: n/a. (863318286)
===============================================================================History
Corporation registered ON law 03-13-1987. Business commenced
02-1987 as Sulja Bros Building Supplies Ltd.
Sulja, John, Pres, director. Holds 25% interest. Active with
subject since 1987. In current position since 1987.
Sulja, Steven, Sec-Treas. Holds 12% interest. Active with subject
since 1987. In current position since 1987.
Sulja Jr, John, V Pres. Holds 12% interest. Active with subject
since 1987. In current position since 1987.
Sulja, Kathy, director. Holds 25% interest. Active with subject
since 1987. In current position since 1987.
Sulja, Andy, director. Holds 12% interest. In current position
since 2002.
Sulja, Sam, director. Holds 12% interest. In current position
since 2002.
===============================================================================Operation
5211 0014 Retails lumber and building material 100%.
Principal clients: general public, commercial concerns. Principal
territory: local. Principal selling terms: net 30, 2% 10 cash.
195 active accounts (195 active accounts last year).
Employs 32, (28 here). (Employed 32 last year).
FACILITIES: Rents suitable space, concrete block building.
10 vehicles. LOCATION: Rural section.
Red Sea Group
www.redseahousing.com
Red Sea Group is an international real estate company originating from Israel with an office located in Abu Dhabi, United Arab Emirates. According historical Sulja Bros. press releases, Red Sea Group was brought on to introduce the company, Abu Dhabi and Saudi Arabian construction projects to Middle Eastern investors in conjunction with its Investor Relations function. Read Sea Group appears to be a global player with various business ventures around the world including Red Sea Building Materials Trading, LLC in France and Red Sea Housing Services Company, LLC in Dubai, Saudi Arabia.
Red Sea Group Hones in on Data Centers
By Brian K. Miller
SANTA CLARA, CA-Intent on scooping up as many as possible, the international real estate development firm acquires its third data center here in the past 18 months. The building is fully leased by the soon-to-be-sold telecom company Electric Lightwave.
Red Sea Group Buys Back Class A Data Center
By Connie Gore
RICHARDSON, TX-In a niche play, the investment group cuts a near $8-million, off-market deal for a Cingular-leased asset that it sold in 2000.
Red Sea Group, Provident Pocket 42 Prized Acres in North Dallas
By Connie Gore
DALLAS-With a foreclosure clock ticking, the new JV closes an off-market buy of the last large tract available for mixed-use redevelopment in its submarket, paying far less than the $52-million previous ask for the 857 apartments and 50,000-sf shopping center.
Hint, Remember in the PR, they said they are going to protect their joint venture intrests. I think this is what was refered to.
The joint venture with Emaar Properties opens up possibilities for more projects in the near future and increases Sulja Bros. market share in the Middle East."
On August 02, 2006 Sulja Brothers Building Supplies, Ltd. met with Consultech Construction Management and Emaar Properties, in Germany, to finalize a major construction and supply agreement. A Red Sea spokesperson commented: "The joint venture includes the supply of lumber and other building materials for 3 new developments in Dubai and Abu Dhabi. CEO Steve Sulja stated: "This is exactly why we expanded in the Middle East and obtained a contract with the Liberian Government for lumber. Sulja Brothers' growth rate in the Middle East is astounding. The joint venture with Emaar Properties opens up possibilities for more projects in the near future and increases Sulja Bros. market share in the Middle East."
With 500 million shares outstanding:
--------------
15.6 million net earnigs divided by 500 million shares =
EPS of aprroximately 0.032
A PE multiplier of 30 is not unreasonable with the proforma numbers stated, so
0.032 X 30 = 0.96 is a resonable estimate for the stock after audited financials.
----------------------
around 100 million proforma earnings divided by 500 million shares =
EPS of 0.20 (forward looking)
If they can continue to grow in the Middle East a PE of 30 is not unreasonable
0.20 X 30 = 6.00
Many will argue with the PE but high growth stocks with great margins and earnings typically exceed a 30 PE. When the growth calms down, the PE will fall to the 15 to 20 range on the earnings.