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LoftWerks, Inc. Fires Back: Vows Aggressive Strides to Complete Sulja Merger and Achieve Shareholder Confidence
Market Wire - March 6, 2006 10:08 AM (EDT)
NASHVILLE, TN -- (MARKET WIRE) -- Mar 06, 2006 -- LoftWerk's (OTC: LFWK) CEO Dennis Ammerman reiterated today that anyone planning to flout LFWK stock in a shorting position would do so while bearing the full brunt of every available resource aimed to render them mute. "The small exchanges are plagued by this ludicrous and even perilous frenzy of negative influence," said Ammerman. "They've made a mistake this time; one that will cost them a great deal, and open the door to companies that rely solely on public market funding to reclaim their rightful roles of benefactor and driving force of true and accountable shareholder value."
The stock holdings of LFWK insiders currently exceed the number of outstanding shares that the company has issued to date. CEO Dennis Ammerman reiterates, "We must work to squeeze these people out of the way. We will work harder and smarter to put this behind us permanently, and get on with the business of growing businesses and not mounds of stock certificates.
"We are not sure how LFWK stock trades tens of millions of shares each day when our own insiders own millions of shares more than the outstanding shares issued; however, our focus must remain that of commercial viability and not equity market predilections if we are to truly benefit our shareholders and complete the merger with Sulja Bros. Building Supplies, LTD., the primary distribution arm of Consultech Construction Management, Inc. Midwest operations, as planned," said Ammerman.
Sulja Brothers will serve as the centralized and primary distributor of materials for all future projects. A twenty-four year old business, Sulja Bros. has achieved steadily increasing revenues since its inception and now averages over $30M annually. The company also currently has assets totaling more than $25M. It is projected that once Sulja Bros. settles into its new role, revenues could reach the $200M+ within twenty-four months. The increased inventory alone could place the company's assets at over $125M.
eom
scorp's
Any chance to buy before news?
Sure. Obviously there are some that pull it off. Just check the historical trading record. With that said... you are going to need a FULL SERVICE BROKER.
Think live voice and making yourself clear with your needs.
Accept no patter that involves any chance of being distracted from your goal. Mmmm hmmmm...you want only SLJB! And if they can't help go the next firm out there.
Please remember... at this stage shares need to be extracted from someone willing to sell. No dealer holds any inventory. Nor can they by law.
eom
scorp's
lol...I would assume.
But frankly 25 million should be enough to walk away with a million IF you don't yield to tremendous fatigue...fear...impatience...etc etc etc.
Hopefully, you're quietly riveted to the other object of my affections and realize 'scorp's' clearly has some fascinating observations and incredible insights.
I've done my best to point you to water. Now it's up to you to decide to drink.
The routine that was waged here is not the most legendary. But I'll concede it was bad. lol...real bad.
eom
scorp's
lol....Was having to fill out form 13-F for the SEC a 'fat fingered error' How about dealing with their clients?
Is there any shame left in this world?
Any shame left at all??
lol...seriously!!
sigh
eom
scorp's
Not quite true.
They did tell me around the seven year mark that if they were ever to be worth something you needed to show some patience for 7-10 years.
I was complaining about a lot of things but basically they said they don't teach anybody how to read and pretty much ridiculed me when I mentioned where I get a lot of my due diligence.
Around that time I learned how to call businessmen and attornies close to the story.
I didn't think it would be easy but you'd be amazed how forthcoming most everyone is once you explain yourself and just say stuff like I'm just a simple minded investor trying to do my due diligence.
As you yourself would say...'ya gotta do your due diligence'
Musta been what motivated Lazarus-Kelman recently.
eom
scorp's
I wonder why Lazarus-Kelman outta Memphis picked up 500,000 shares recently and filed form 13-F(for institutional players) for the SEC?
Considering all you've had to say through the years do you think they should be specializing in a stock like SLJB?
lol...the things that make you go hmmmm.
eom
scorp's
9 years and counting
Somebody at the SEC assured me this is nothing.
Hopefully, you didn't grow impatient and still have all your shares.
I can't begin to imagine the hell I'd be going through to be without shares at this stage.
eom
scorp's
Unfortunately, SLJB stock on Earth remains worthless
eh...give it time...give it time.
ROFLMAO
eom
scorp's
If SLJB reaches $40.00 a share then my 32.8 million shares will be worth OVER A BILLION DOLLARS.
I'll probably sell a few and let 'mrs. scorps' buy something nice for herself.
She's been very patient.
eom
scorp's
Massive OTC.BB Grey Market orders starting to build.
eom
scorp's
Who is this 'WiNick' person you speak of?
Why is his release date 'unknown'?
pssst....scorp's is now 2 outta 3.
LMAO
jmo
scorp's
NOT a single luxury.
Like Robeinson Crusoe it was primitive as could be!
And yet here we are in what should arguably be one of the most deserted areas in the world.
The things that make one go hmmmm.
lolololol
jmo
scorp's
Few understand the effects of the SLJB scam to that effect.
ROFLMAO...uh...probably not.
However..together Mr Vucicevich and I discovered our love for adventure and..
'the adventure of love'.
The final chapter has yet to be written.
And I gotta say...We're all waiting for the 'Frank Merriwell finish' for the ages on this one!
Now sit down and don't spoil the Hollywood chase scene for us. Every epic movie has a good chase scene at the end! This will be the greatest ever!
lolololol
jmo
scorp's
With all due respect you're not going to open and cut and paste whatever it is you seem anxious to show me either.
But thanx for playing and please accept this lovely home edition of how to try and unsettle whoever comes to the BKMP board tonight.
Did you know that people with ADD are smarter on average than those without. Many of the world's most famous explorers...thinkers...and inventors all had ADD?
I think tonight we need to focus on 'Mayhem Media' and see where we're at today.
As always you held this long. Learn to stay focused and patient.
There's a reason why there's been this kind of delay. But we're now seeing light at the end of the tunnel.
So sayeth...
scorp's
If you don't wanna open it, it's not my problem.
well...technically 'Brad' I asked you to cut and paste the contents therein and so if this is gonna be your final answer I gotta say...
ROFLMAO
scorp's
type in sandy winick = bingo
then try sandy winnick = zero
Proving exactly what I'm implying now.
The site is a fake. Why would Mr Winnick's name pop up?
How are you coming with that NY Times article?
your friend,
scorp's
/
lol...please tell me you didn't have to interrupt any plans to come back here over this??
of no interest to any trader
uh...??
I guess Lazarus-Kelman musta been pretty liquored up when they were filling out form 13-F for the SEC.
ROFLMAO...please warn me 'Earnest' before you make with the funny. I only have one spleen I can afford to hock up.
jmo
scorp's
Petard was the CEO of this
If you're referring to Mr Petar Vucicevich then I suppose he was CEO for a day.
But they never changed any paperwork, so I guess technically you would be mistaken.
No problem. Very few people understand the story here like I do.
lol...no brag. Just fact.
jmo
scorp's
Could you just cut and paste whatever it is you want me to look at?
I'm not supposed to be opening up any strange links I don't trust.
I'm using my new girlfriends puter and she's liable to clobber me if I get any of those 'trojans...worms...or viruses' on it.
scorp's
Looks like shitbag Sandy will be doing the rest of his time in FCI Fort Dix.
What is this 'FCI Fort Dix' you speak of? Sounds like some military base.I
What time are you talking about and for what?? Is he joining the marines??
Did you just drop the 's' bomb?
Don't you think that's some kind of violation of the TOS?
scorp's
Who are you taking about?
Mr Sulja never served a day in prison.
This Mr Vucicevich guy supposedly never was listed as the CEO and I don't think we're even sure he did anything in Toronto 'cept go to work.
If I find out anything I'll let you know.
lolololol
jmo
scorp's
I'm hoping 'Mr Cramer' has a full explanation of who bought what and paid exactly what with this whole 'OTC BB Grey Market' thingy on his show.
I guess all we know for sure for now is that somebody sure wants this SLJB stock real bad.
The question is why and why now??
lolololol
jmo
scorp's
Rumors continue to grow that SLJB will be the focus on Jim Cramer's Mad Money next week.
The show will be titled 'Hidden Gems on the OTC.BB Grey Market'.
I'll keep everyone posted as I get further updates.
jmo
scorp's
Just to be honest with you after ten years of holding as many millions of shares as I have, I'll be glad to sell mine
What will be your selling point? Hopefully, you let a few shares go to a buck or two and buy yourself something nice.
but if I'm still around for ten more years they will probably still be sitting in my account
Your heirs will build a statue in your honor when they discover that account.
unless they get de- listed first
Feel free to sue the living b'jesus outta FINRA and the SEC should that ever happen.
jmo
scorp's
Don't believe I'll miss anything though!!! LOL!
Probably not. Many of my best decisions often come when I have no idea what's going on and can't possibly be tempted to sell.
This stock comes attached with a lot of nervous impatient investors all too willing to cash out at the first glimpse of daylight.
They have been softened up unmercifully.
Oh well. From weak hands to strong.
Good luck to you.
scorp's
SLJB UP 9,000% TODAY!!!
Sulja Bros. Building Supply, Ltd. (SLJB)-Other OTC
0.00 Up 0.00(9,900.00%) 3:52PM EDT
Prev Close: N/A
Open: 0.00
Bid: N/A
Ask: N/A
1y Target Est: N/A
Beta: N/A
Next Earnings Date: N/A
Day's Range: 0.00 - 0.00
52wk Range: 0.00 - 0.00
Volume:
EOM
scorp's
Third week in October now looming large.
Good luck to all.
EOM
scorp's
Just as I thought.
You don't have a pic.
If you did you'd post it over and over...
and over again!
But...I did give you a member mark so I can follow you a lil' more closely.
su amigo,
Pedro 'scorp's' Barton
BIG NEWS COMING!!!
jmo
scorp's
Cut and paste it por favor.
I'm not allowed to open unfamiliar links.
Thank you for your understanding.
You're very kind.
scorp's
Were you going to send it to my mailbox?
Maybe you could post it here on the board so we could all enjoy it?
su amigo
scorp's
Was anyone able to get a mugshot for this Winick clown?
jmo
scorp's
I wonder what Mr Sulja's company GT Contracting is up to these days?
MARINER DEVELOPMENT LLC
Business Entity Information
Status: Active File Date: 9/5/2012
Type: Domestic Limited-Liability Company Entity Number: E0459022012-3
Qualifying State: NV List of Officers Due: 9/30/2016
Managed By: Managers Expiration Date:
NV Business ID: NV20121538699 Business License Exp: 9/30/2016
Additional Information
Central Index Key:
Registered Agent Information
Name: AUDREY CARRIZZO Address 1: 9205 WEST RUSSELL ROAD SUITE 235
Address 2: City: LAS VEGAS
State: NV Zip Code: 89148
Phone: Fax:
Mailing Address 1: Mailing Address 2:
Mailing City: Mailing State: NV
Mailing Zip Code:
Agent Type: Noncommercial Registered Agent
View all business entities under this registered agent
Financial Information
No Par Share Count: 0 Capital Amount: $ 0
No stock records found for this company
Officers Include Inactive Officers
Manager - GT CONTRACTING LLC
Address 1: 9205 WEST RUSSELL ROAD Address 2:
City: LAS VEGAS State: NV
Zip Code: 89148 Country: USA
Status: Active Email:
lolololol
jmo
scorp's
Like Mr Winnick would say...'as long as they can't spell my name correctly they can say what they want'.
Rot Winick.
lol...uh...'Danny' please keep up with the story here....k?
lolololol
jmo
scorp's
I would guess the same motivation that compels you to post about a faux "stroke". I think the question was posed, "why would I fake it ?
OFF TOPIC
For the record I suffered multiple strokes in and around 2011 I also suffered two heart attacks but the good lord wasn't ready to take me quite yet. I did have one of those 'near death experiences' but after I was welcomed someone said 'you still have unfinished business to attend to' and you guessed it!...suddenly I was talking to my friends here at IHUB. Between you and me it was pretty kewl. Pretty sobering too.
"That is a puzzlement" as the King of Siam would say.
Wasn't that Yul Brynner?
I loved that man like he was my own father.
jmo
scorp's
And have you been in contact with the TA within the last 10 years to determine the true OS ??
ROFLMAO...any reason I should be?
I did have a nice talk with the head of CRA of America a long time ago...and he told me...hey!...we better take this to private mail...
some things are very very sensitive.
Can I trust you?
ROFLMAO
su amigo,
scorp's
Am I still able to ask what you meant by saying this?
That's pretty funny mr.v
Who are you referring to and why wouldn't you just spell the name out?
I'm not trying to make you waste any of your free 15 posts.
I wish we both had a premium membership and we could talk all night if necessary.
But since we don't... maybe we could put this one issue to rest and you could simply say...'I have no idea what I meant'...or maybe...'I'm not gonna answer your stupid inane question...the tos says I don't have to do jack for you...it's a free country...get lost before I...I...'
Just trying to understand my stock of choice better.
I honestly have no agenda. I mean ALL shares are already bought and being held. What possible agenda could I have??
sigh,
scorp's
Does this mean I'm not going to get a clarification on what you meant by saying 'mr. v'?
jmo
scorp's
Someone on the board asked who the TA is. Ever get an answer to that ? LMAO
Yes. Yes they did. I told them it was CRA of America. LMAO
OS was much closer to 600,000 than the (hoped for) figure of 200,000.
I thought it was closer to 800,000 but hey, I'll take 600,000!
su poco loco amigo,
Pedro Barton
scorp's
Outstanding Shares
Outstanding shares refer to a company's stock currently held by all its investors and restricted shares owned by the company’s officers and insiders. Outstanding shares are shown on a company’s balance sheet under the heading “Capital Stock.” The shareholders, including share blocks held by institutional number of outstanding shares is used in calculating key metrics such as a company’s market capitalization, as well as its earnings per share (EPS) and cash flow per share (CFPS).
A company's number of outstanding shares is not static, but may fluctuate widely over time. Also known as “shares outstanding.”
BREAKING DOWN 'Outstanding Shares'
Any authorized shares that are held by or sold to a corporation’s shareholders, exclusive of treasury stock which is held by the company itself, are known as the outstanding shares. In other words, the number of shares outstanding represents the amount of stock on the open market, including shares held by institutional investors and restricted shares held by insiders and company officers.
A company’s outstanding shares can fluctuate for a number of reasons. The number will increase if the company issues additional shares. Companies typically issue shares when they raise capital through an equity financing, or upon exercising employee stock options or other financial instruments. Outstanding shares will decrease if the company buys back its shares under a share repurchase program.
How to Locate the Number of Outstanding Shares
In addition to listing outstanding shares, or capital stock, on the company’s balance sheet, publicly traded companies are obligated to report the number of issued and outstanding shares, and generally package this information within the investor relations sections of their websites, or on local stock exchange websites. In the United States, outstanding shares numbers are accessible from the Securities and Exchange Commission (SEC) quarterly filings.
Stock Splits and Share Consolidation
The number of shares outstanding will double if a company undertakes a 2-for-1 stock split, or will be halved if it undertakes a 1-for-2 share consolidation. Stock splits are usually undertaken to bring the share price of a company within the buying range of retail investors; the doubling in the number of outstanding shares also improves liquidity. Conversely, a company will generally embark on a share consolidation to bring its share price into the minimum range necessary to satisfy exchange listing requirements. While the lower number of outstanding shares may hamper liquidity, it could also deter short sellers since it will be more difficult to borrow shares for short sales.
As an example, the online video streaming service Netflix, Inc. (NFLX) announced a seven-for-one stock split in June of 2015. In an attempt to increase the affordability of its stock and, concurrently, number of investors, Netflix will increase its issuance of outstanding shares sevenfold, thus drastically reducing stock price.
Blue Chip Stocks
For a blue chip stock, the increased number of shares outstanding due to share splits over a period of decades accounts for the steady increase in its market capitalization, and concomitant growth in investor portfolios. Of course, merely increasing the number of outstanding shares is no guarantee of success; the company has to deliver consistent earnings growth as well.
While outstanding shares are a determinant of a stock’s liquidity, the latter is largely dependent on its share float. A company may have 100 million shares outstanding, but if 95 million of these shares are held by insiders and institutions, the float of only 5 million may constrain the stock’s liquidity.
Share Repurchase Programs
Often times, if a company considers its stock to be undervalued, it will institute a repurchase program, buying back shares of its own stock. In an effort to increase the market value of remaining shares and elevate overall earnings per share, the company may reduce the number of shares outstanding by repurchasing, or buying back those shares, thus taking them off the open market.
Take, for example, Apple, Inc. (AAPL?), whose outstanding securities have a large institutional ownership of about 62%. In March 2012, Apple announced a buyback program, several times since renewed, of upwards of $90 billion. According to the New York Times, the “primary purpose [of the repurchase] will be to eliminate the shareholder dilution that will occur from future Apple employee equity grants and stock purchase programs.” Due to its enormous cash reserves, Apple has been able to repurchase its stock aggressively, thus decreasing shares outstanding by around 11% to date and increasing its earnings per share by six percentage points.
As of July 2015, Apple’s market cap is $721.40 billion and it has 5.76 billion outstanding shares. The stock price is up nearly $49 since the buyback program was announced. In its most recent earnings statement, the company reported 32.70% year-over-year quarterly earnings growth.
Conversely, in May 2015, BlackBerry, Ltd. (BBRY?) announced a plan to repurchase 12 million of its own outstanding shares in an effort to increase stock earnings. BlackBerry plans to buy back 2.6% of its more than 500 million outstanding float shares as an increase in equity incentive. Unlike Apple, whose excessive cash flow allows the company to spend exorbitantly now to bring in future earnings, BlackBerry’s dwindling growth suggests that its repurchasing of outstanding shares comes in preparation for its cancellation.
Weighted Average of Outstanding Shares
Since the number of outstanding shares is incorporated into key calculations of financial metrics such as earnings per share, and because this number is so subject to variation over time, the weighted average of outstanding shares is often used in its stead in certain formulae.
For example, say a company with 100,000 shares outstanding decides to perform a stock split, thus increasing the total amount of shares outstanding to 200,000. The company later reports earnings of $200,000. To calculate earnings per share for the overall inclusive time period, the formula would be as follows:
Read more: Outstanding Shares Definition | Investopedia http://www.investopedia.com
scorp's