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Imagine that.....yet another GREEN DAY.....
That's what you assume, and that is OK. One could also be inclined to assume however that they were trying to dig up anything they could after having received documented proof from SLJB lawyers that thwarted their initial allegations... and thus requested an extension. Spin the wheel and pick a number...JMHO GLTA
OSC from what I understand. JMHO GLTA
Yep, they could, but they can also immediately charge with sufficient evidence as well. The longer this drags on tells me they don't have much on the company that will stick. JMHO GLTA
Tells me they are typical people who hate to be proven wrong, but that's it. The longer this goes without an arrest on either side of the border, the more I relax. JMHO GLTA
You "suspect". I "suspect" different. Let's let everyone else decide for themselves and both STFU, whattaya say? JMHO GLTA
Some of us are...good post.
All legal, otherwise some would have already been arrested and arraigned,IMHO. This will certainly all come to light soon when the AF's are released, on or before July 5th I would imagine. If the company is "cooperating" with the SEC/OSC, then they certainly have demanded AF's and given a timeline for composition/review, which is standard procedure. The company has secured CPA's in both Canada and the USA and they are now doing the audit as we speak IMO. Seeing as the company is now quite aggressive in their stance, especially with everything at stake, it is pretty easy to assume that they are confident in a positive outcome to everything. JMHO GLTA
SLJB itself never attacked anyone to date IMHO, tho I cannot say the same about those organizations/individuals who continually try to drive the PPS down on select stocks, fleece investors, and screw many startup public companies, all simply for their own profit. One more repost worth repeating:
http://www.advancedsmallbusiness.org/positionpaper.htm
So...keep an eye in the rear view for the tsunami....it's coming.....a complete "market douche" has already begun on more than one level if you haven't noticed, and I don't see it slowing down anytime soon...if anything, it is gaining momentum....long overdue... JMHO GLTA
Yep. Can also easily see where authorities would get involved with blatant public displays of defamation of character and hinderance of business too. Things are certainly heating up and it's going to get even more interesting very soon with not only SLJB here, but with all of the market manipulation. Count on it, people are simply fed up with the BS. JMHO GLTA
Over the course of 20+ years all businesses develop new relationships, so this is not hard to fathom as all businesses conform to the pulse of their individual industries. In fact, international business is actually quite easy to delve into nowadays due to newer and faster communications' technologies as well as delivery technologies, which all greatly assist the construction industry with it's high stress environment and multiple deadline dates for each segment of each job contract. Toss in a couple of people who wish to assist the individual company either due to friendships or because they are getting paid to do so, and who in turn already have contacts in key positions around the world to further assist, and away you go. This is simply a straight forward Business 101 approach to a construction-oriented business expansion and revenue growth plan IMHO, albeit with a few startup public business mis-steps that IMO will soon be taken care of. JMHO GLTA
If that were true, then there would be no need for buyer search advertisements such as this one below, would there?
http://www.alibaba.com/buyeroffers/Dubai_Cement.html
Truth is there are many construction companies/contractors who work under and/or in tandem with the larger corporate entities. Try googling "Emaar Vision 2010" and you will see that this large company is always actively looking to purchase many smaller companies and/or utilize the services of other companies which will assist them in becoming a mega conglomerate worldwide. This tactic works very well-- Bottom line is that it takes many companies' efforts to build a better tomorrow, not just one or two. JMHO
Keep twisting it to the way you want it, but that's not the way it works in the business world and believe me I know a little bit about that. It is not always about who is the biggest or even the cheapest, if that were true then our entire society would be one big monopoly. No, there are many millions of small businesses that grow significantly each year by working hard and smart. But you go right ahead and go to the mega stores and buy up all of those discounted factory seconds if you wish. LOL JMHO GLTA
If that is your theory then we don't need any retailers or distributors anywhere on the planet then, right? We will go directly to the lettuce grower for our lettuce, not the supermarket, we won't go to a car dealership, we'll buy directly from the factory, etc? No, that is not how our business society works. JMHO GLTA
Lafarge is a large manufacturer, and they sell to distribution outlets all around the globe. Sulja is a broker/distributorship, and depending upon their overhead costs and profit margins needed/desired, that is what will determine as to whether or not they can undercut other companies on the retail end. Being a smaller company with small overhead and with all liens and inventory paid, they have that edge over other companies and thus can take a lesser profit initially to get their foot in the door around the globe. If you stop and think about it for a sec, they are actually in a pretty enviable position at this point... especially once they are clear of the current allegations. Hmmmm....thanks much for actually making me think hard about this Guy, much appreciated... I am now going to position more monies first thing on Monday for additional buying ops next week! JMHO GLTA
The competitive advantage is that they are an established building material supply business that retains solid relationships with not only materials manufacturers that the UAE and other countries do not currently have access to, but manufacturers who offer SLJB nice incentives on quantity purchases too... They also retain solid relationships with those who are in positions to purchase such material quantities abroad. Couple it all with valid licensing to do such business around the world, and it is not very difficult to fathom at all. In fact there are literally hundreds of companies that are doing the exact same thing both currently and daily, so it is certainly not out of the realm for Sulja to be doing it also. JMHO GLTA
Actually, some would technically consider it defamation of character and/or hinderance of daily business. "Playtime" could in fact prove to be very costly for those who think that trying to ruin any company for fun and/or profit is a "nice diversion from work". Check around, it's happening as we speak throughout the markets. About time too, IMHO.
And yes, there are certainly well-seasoned traders and reputable businessmen here, along with larger and more watchful "official" entities as well. This sandbox has alot of eyes on it IMHO, and not everyone is in playschool. JMHO GLTA
Gotta love the green...and on a friday even! Chart looks great too, next week should be quite interesting. JMHO GLTA
Great answers Cm3i, good job IMHO.
Right there with ya Jerry! Long and Strong, go SLJB!
Hammer Time! LOL
And then....desperation set in.......LOL
Bingo right there. Good post! Weeeeeeeeee! JMHO GLTA
Better get the olive oil out and start swabbin your vocal cords, LOL JMHO.
Looks like minimal resistance at around .04, then clear sailing to around .10 or so before we hit more. We've been over this ground already anyway, (YAWN---twice if you were in LFWK) high time to break into uncharted territory now--- let's go SLJB! JMHO GLTA
Agree. Only this time, there will be no stopping the train....birdies flipped on the way by tho......LOL... JMHO GLTA
Is Wesal done buying their shares at sub-penny now?
Believe me when I say that I fully understand both the USA and Canada securities commissions and how they operate.
I also fully understand how hedge funds operate,and I fully understand how stock dilution works too.
The bottom line here again is that at some point in the very near future, the full truth will come out and people will in turn be prosecuted IMO---in fact from what I understand, one can bank on it. THEN will be the time for retribution, public hangings, etc., if people so choose.
Until then however, all of the allegations, speculations, banter, and BS, are just that.
Remember one cardinal rule set forth by our own Constitution:
"All are innocent until proven guilty in a court of law...."
Personally, I like this one:
"Things are not always what they seem...." JMHO GLTA
Good point and that goes right along with what I've been saying--SOMEONE started pointing fingers and dialing phone numbers,(RCMP, OSC, SEC) but the bigger question here is who--- and were their reasonings honest, or did they have alterior motives? (ie: hedge funds)
That is why I personally cannot crucify anyone yet---there are far too many shady things going on within the markets to simply finger someone without following due process. JMHO GLTA
Finao, thanks, and no problem...extra butter it is!
No, not necessarily. Why? Because I think that alot of people screamed for the commissions to do SOMETHING when the stock crashed--(whether orchestrated by hedge funds, the company itself, whomever, remains to be seen)--- that's all, that is why we are seeing this "investigation". Basically the OSC put a finger in the dyke for the time being to calm fears until it is all sorted out.
IF there was any immediately definitive or easy to determine violations and/or actions found initially, it is MHO that some would have been outright arrested shortly thereafter. No-one has been however, and the SEC has to date (after how many months now?) found no violations either, so I think there is a whole lot more to this story than what some would have us believe.
As stated, eventually, it will all come out.As a shareholder, I will either win or lose, but I will wait until I know for sure before pulling any trigger upon myself. JMHO GLTA
Again, that remains to be seen as to WHO is actually at fault. Please do not try to put words into my mouth for your own benefit, thanks. JMHO GLTA
Agree totally Airys, good post. And as you have correctly stated, in the end the truth WILL come out, just as it always does.
When it does, someones' head is going to be on the end of a pole for sure, and I personally wouldn't want to be within a mile of the guilty ones when that truth comes out, lol! I see lots of PO'd former shareholders here and around the net who simply could not afford to lose what they did when they sold into the fear, and that is not a good scenario as desperate people do desperate things......certain groups also think they are untouchable, but they had better think again on that,IMO.... Yes, it's definitely going to get real interesting, real soon. Pass the popcorn please... JMHO GLTA
As stated, allegations are just that, allegations. I will once again state FACT-- no-one has been formally arrested, charged, or prosecuted, for anything pertaining to this stock, and business carries on daily... Tommy Anderson stated not once but many times that things APPEAR to be so, but unfortunately we cannot make final judgements simply on "appearances". FACT is, we do not know for sure. Once the FACTS are truly known, THEN we can start yakking it up about who is guilty and who is not, but right now we are certainly jumping the gun by crucifying anyone at this point.
Thus, I hold. In fact, I may even buy more this week, especially at these prices! JMHO GLTA
Good post, and truly sorry about your loss. Hopefully you will be able to pick it back up at some point.. I hate to see or hear of anyone losing in the markets, no need for it IMHO. Best of luck to you in the future. JMHO GLTA
Cesar--That is your own determination, directly concluded thru your own speculation, and you are cetainly entitled to it of course, just as I am with mine. We can always agree to disagree, that's part of life and with being individuals. Remember one thing however, and that is that no-one has been formally arrested, OR found guilty of anything as yet by a court of law, and therefore I will reserve my judgement on Petar as well as anyone else within the comnpany itself until we know ALL of the true facts. If anything, given the repeated no-shows of "affiliated associate now history" Andrew Devries and his counsel, I'd be more apt to say "there ya go" if you want to directly finger someone at this point. I do not see anyone else running anywhere or thumbing their noses to all tho....everyone else is working every day and cooperating with all agencies, including Petar..... JMHO GLTA
Hock-
Thanks, I already posted the link in my original post.(I think it is working?)
JMHO GLTA
Did you read that in my post? No, didn't think so.