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There was certainly an air of impropriety, an air that has not cleared despite over a year of official investigations. SLJB did not file a prospectus as required by law when they sold shares via the nominee accounts. How is that appropriate or responsible?
Over the years I have been duped and twisted by pump and dump and poop and scoop games add nausiam.
No surprise there...
IMO no one honestly believes that SLJB has value. There are two main groups: Current shareholders who were burned by this pump and dump scam and are demanding justice and warning others that SLJB is a scam, and current shareholders who were burned by this pump and dump scam and are trying to deceive and dupe others into buying their shares.
There are a few, such as myself, who have no position in SLJB, but take offense at the continued efforts at deception being undertaken by those who claim SLJB has value.
Several shareholders have posted that they are not going to sell in hopes of being able to take a total tax write off of SLJB this year, instead of a measly $3k per year ad nauseum.
Your argument that the company has value is fallacious.
IMO.
Doh! Sometimes I need a map drawn for me. From what I have heard about SS, he's not smart enough to play that part reliably... whoever put him up to it would have to worry 24/7 that he would blow it.
IMO.
Given DeVries' history of confidence scams, I have to believe he knew going in how to avoid prosecutable culpability. He may or may not have taken PV under his protective wing. I would not be at all surprised to hear that SS is indeed (and was intended all along to be) the patsy.
IMO.
IMO the Suljas' greed got the best of them. I think they were looking at a failing family business and saw PV and AD as their financial saviors. Initially PV probably pitched SLJB to the Suljas as it was pitched to investors (pigeons). That is, it was portrayed as legitimate at first. I think the Suljas must have realized pretty quickly that it was a scam, though. There may be a kernel of truth to Steve saying he was duped, but I think he helped perpetrate the fraud for quite a while.
IMO.
Some here have said they are holding for tax purposes. That is, they say (not verified, don't trade based on this) that if a company goes completely out of business then shareholders can declare a total loss of investment and write it off all at once. If you sell for a loss while the company still trades, you are limited to $3k per year.
If you are willing, I would like to hear what you and Steve talked about (and when).
TIA.
Then please post ONE thing positive about this stock.
At these price levels for SLJB, there is almost no potential downside in terms of price movements. ;)
Caveat Investor:
There are several posters on this board who state or imply that SLJB is either a good investment or has a bright future. Neither is true.
* SLJB is a Nevada based shell that has absolutely ZERO verified assets or operations.
* Sulja Brothers Building Supply was a small lumber operation in Ontario, Canada. They have ceased all operations and have many unpaid creditors.
* There has never been any proof that SLJB ever owned any of the assets of Sulja Brothers Building Supply or any of the other deceptively similarly named companies (SBS, etc.)
* Steve Sulja has said, in a media interview and testimony to the RCMP, that he was duped by Petar Vucicevich and that all of the Middle East deals touted in SLJB press releases never happened.
* SLJB is not allowed to trade in the Canadian provinces of Alberta and Ontario.
* SLJB is under investigation by the OSC, ASC, SEC and RCMP.
* There are rumors of limited resumption of operations, to be headed by Petar Vucicevich. There is no evidence to support these rumors, nor is there evidence that shareholders of SLJB would have any claim to the assets of such operations.
* Some posters here claim SLJB is a good trading vehicle. This also is not true. The VWAP of SLJB usually is considerably lower than the closing price. This is due to tape painting. The volume traded of SLJB is not high enough to day trade effectively.
If you are considering increasing your position in SLJB, or initiating a position in SLJB, please make an effort to separate the verifiable from the rumor from the outright lie. All verifiable evidence regarding SLJB is negative and points to it being nothing but one the more spectacular pump and dump scams with which the pink sheets are rife.
IMO.
Woody1, thanks very much for your continued efforts to report on the status of all things Sulja in Windsor. I appreciate there being a pair of eyes on the ground.
Merger or no merger, look at the share price:
Six hundredths of a penny!
Adding "imo" does not make it ok to tell blatant lies, red. And your last post was a blatant lie. All of the PRs claiming SLJB had deals in the Middle East, in progress or completed, were false. Petar the lying scumbag Vucicevich has not proved any of them.
How can you sleep at night or face yourself in the mirror, red? Have you no conscience? Have you no sense of decency whatsoever?
Wrong. I do not receive any compensation for posting on this or any other board about SLJB or any other stock. I never have. Don't tell lies about me, 4gemz.
It was PR'ed over and over again that there were completed deals in the Middle East for millions of dollars, but those were lies (complete lies, in fact). Do you think just maybe that the merger PR could have been a little less than honest?
You are a liar, red. I do not post here trying to get anyone to sell shares. Do not tell lies about me. I post here, as I have said many times, to balance out the lies and baseless pumping that you and others do for SLJB.
SLJB is a scam. It always has been.
I have noticed a change in the tone of your posts, red. What's the matter? Feeling the heat? Are you in danger of losing your commissions since the share price has tanked so bad?
IMO.
Red, I don't care if you or your ilk believe me. My goal here is to alert those who are unaware of the fact that SLJB is a scam, not an investment.
IMO.
As I have answered before, I try to provide balance to the baseless claims of SLJB longs. I have never read a post by any long that portrayed SLJB positively that was also grounded in reality, backed up by facts or actually came to pass.
The fourth leading zero, maybe.
How's your investment in SLJB doing, Grande?
Your life is extraordinarily pathetic if people leaving the SLJB message board is the best news you have received all year.
IMO.
26 million shares of SLJB at 0.0004 = $10,400.
That's a long long way to da moon...
Red, you have failed (completely) to provide any verifiable evidence to support your positive views of SLJB, Petar Vucicevich, KORE, or anything associated with this scam.
On the other hand, there is ample evidence that SLJB is nothing more than a pump and dump scam, that SLJB never had any real assets and that SLJB and Sulja Brothers never had any contracts (or even contacts) in the Middle East.
IMO.
I don't know if I was included in the accusation, but I'm an overpaid Bay Area software geek, and don't need (or desire) to augment my income via securities fraud... securities fraud, that's what PV, AD, SS, and the rest of the SLJB pumping crew do, not me.
IMO.
Ah, thanks Sandshark. I knew there was something about the CEO being unaware...
I have a vague recollection (so take this with a Big Ol' Grain-o-salt) that when said lawyer was asked about being CEO of SLJB, he was unaware that he had been appointed to the position.
IMO.
Zero.
That's my guess for how many posters are here on behalf of hedge funds.
Do you believe Steve Sulja is the only culprit? If not, how much blame would you assign him, and to whom else would you assign blame?
Thanks
There you go assuming again. Did I ever say I was in contact with him. So now you know when the IRS is looking for someone?
Well, let's see... either you WERE in touch with AD and know that he's not hard to get a hold of, or you were lying (again) to try to make the principals of the scam that SLJB is out to be better than they are. It's entirely reasonable to assume you have a means of contacting AD given your post.
IMO.
Leslie also said, on 13 April 2007, that legal success had been achieved against nefarious message board posters. Leslie also said she resigned from Sulja on 31 June 2007. (yes, she really said she resigned on 31 June... I read the post and kid you not). Leslie says a lot of things. Perhaps the best course of action would be to assume the opposite of what she says and act accordingly.
IMO.
Leslie has a tough time with names. LOL
Remember the "Ed Stomach" PR that Leslie spewed forth? The man's name is Ed Stelmach, IIRC. All the longs are pinning their hopes on habitual con-man painter and a low grade moron who couldn't assemble a coherent PR even if the company depended on it... oh wait, it does...
IMO.
What happens if the company has No or Never had any value?...
Then investing in such a company would not be a good idea. Good thing this is the SLJB message board, otherwise a question like that might be off topic.
IMO.
In some cases a low PPS is a sign of a good buying opportunity, such as when the market value dips below book value (not always, but looking for such companies is how Warren Buffett made his billions), but in the case of SLJB the low PPS is a symptom that it is an awful investment... and I think you know as much, Grande.
IMO.
No end of day paint and a 30% drop on big volume for SLJB today. Are the jonestown citizens finally saying "no" to the kool aid? Did someone grow a conscience? Or was Petar stuck in the toilet and unable to buy 1000 shares for $0.0020 at 3.59 pm?
I can't speak for Jannie, but I think Petar Vucicevich and Andrew deVries would both perpetrate and perpetuate a fraud. In fact, I think they both have, and the fraud goes by the name SLJB.
IMO.
wrong.
Given your track record regarding SLJB, I am strongly inclined to think that Jannie is correct.
All of the "reasons" given for support of SLJB turn out to be baseless speculation or demonstrably false.
The baseless specualtion ALWAYS flies in the face of the documented history of SLJB, and thus has no reasonable foundation.
Very good point.
Caveat Investor
Anyone considering investing in SLJB should be aware of the following:
SLJB is under investigation by the OSC, the ASC, the RCMP and the SEC.
SLJB is not allowed to be traded in the the Canadian provinces of Ontario and Alberta.
SLJB is a Nevada, US based shell corporation which has never released any audited financials and has no verified assets or operations.
Some current and former principals of SLJB claim, via internet message board posters, to be preparing new avenues of business, but the only significant business actions that have occurred in the last 6 months are the closure of all operations.
What is left of the Ontario, Canada company is in receivership.
SLJB has issued a press release indicating that all prior press releases that touted completed deals and partnerships were false.
There are some posters on the message board who repeat the same baseless claims about SLJB having a positive future and big things being "just around the corner". No evidence of any kind is ever posted to support these lies.
There is ample, verifiable evidence of the fact that SLJB is under a very dark cloud of suspicion and that the Canadian operations of the Sulja lumber yard are dead or dying.
IMO.
How is that in the interests of the company? Or the shareholders? Let's say, HYPOTHETICALLY, that there was a short attack on SLJB. How on earth is SLJB management acting in the best interests of the company to allow such an attack to go on with nary a peep from them in SLJB's defense?
To be clear: I do not think there is any coordinated short attack on SLJB, or even any major short position on SLJB. I am merely trying to illustrate how specious Red's arguments are.
IMO.