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Just received this email from National Securities regarding the affiliation with USSE and it is very real. This was the New Yrok office and I almost laughed when the receptionist answered the phone, you knew she was from New York with the loud brassy Brooklyn accent. Ms. Skinner could not confirm online but was very gracious and sent this fairly promptly.
Except for my name and email address, this is a direct copy.
Airdale
Hi;
Yes National has been retained by USSE to be its financial advisor.
I trust this answers your question.
Patricia M. Skinner
Eastern Regional Compliance Officer/ AMLCO
120 Broadway, 27th Floor
New York, New York 10271
212-417-8095
pskinner@nationalsecurities.com
-----Original Message-----
From: Airdaleemail.com
Sent: Tuesday, November 21, 2006 12:26 PM
To: Pat Skinner
Subject: USSE
Pat,
USSE United States Sustainable Energy issued the following PR this
morning. I would simply like verification that the contents of the PR
are true and that your firm has retained USSE as a client.
Thank you for your assistance.
Regards,
XXXXX XXXXX
USSE (.415) Engages N
I have to agree with you livermore. The National Securities PR was a cover for the "No Oppie" PR IMO.
Nobody USSE's size agrees on a $50 million dollar funding deal without congratulatory phone calls and a pronounced contract signing. This is akin to your first date with a prom queen, it's lifechanging. I'm not selling today but I'm certainly not happy about this event.
Airdale
Thank you Ali, as a newcomer, it is certainly impressive to view the DD that has been provided in the IBox by investors. I bought a partial position today based mostly on information others supplied. I hope to help dig out additional data.
J Livermore, I could absolutely be wrong, I got the numbers from an audio feed and a quote from the Ibox in stating 1,500,00 gallons per day. Here is the quote:
"FoggDogg's Take on the Conf. Call:
Anyway, I just listened to the CC replay! So we primarily make the(7-3-7) fertilizer with two waste bi-products that make biofuel and biogas; with the fertilizer sales funding the production of the bi-products. Thus, entitling USSE to reap the lucritive green tags, green credits, etc....
From what JR stated, USSE will obtain lines of credit to finance the construction of the the Natches plant to its full production capacity(200 tubes) to 1.5 million gallons a day."
Airdale
Talked to a Ms. Green with the new IR firm about a week back. She wasn't extremely knowledgeable without referring to an information sheet she had been provided by her firm. She perveyed the following information on processable materaial owned and income projections. She was fairly certain these income numbers pertained to SPRL only:
Tons of sludge to be processed: 750,000.
Five year gross income projections:
2007...........$20,110,000.00
2008...........$41,190,000.00
2009...........$38,490,000.00
2010...........$35,190,000.00
2011...........$31,123,000.00
Five year Net income projections taxes paid:
2007...........$11,500,000.00
2008...........$24,000,000.00
2009...........$22,833,408.00
2010...........$20,502,000.00
2011...........$17,779,359.00
Airdale
Thank you dc6720. Here are some other area's I checked over the weekend attempting to verify the feasability of USSE:
Their generation goal is for 1,500,000 gallons of oil per day at full plant production. This would require 300,000 bushels of soy beans per day for this scale of production at 5 gallons oil per bushel. 109,500,000 bushels would be required annually. This would equal approximately 4% of the annnual US soybean production for one plant.
To ascertain the quantity of soy fuel produced daily, here is a comparison to U.S. gasoline use.
282,000,000 gals is the approximate quantity of gasoline used in the US daily. Based on the use of 20 million barrels per day, 30 gallons per barrel and 47% gasoline derived from each barrel of oil. The production from one USSE plant would equal about .532% percent of daily US gasoline use at projected full scale operation. Wow, this is a significant number IMO.
The US is the largest producer of soy beans and grows about 2.793 billion bushels of soy per year.
The US exports 42% of their crops annually.
The bulk of US soy bean production is the midwest, near the Mississippi River and puts in near the production plant for USSE
Weight of one bushel of soy beans is 60 lbs.
Weight for 5 gallons of soy oil is approx. 35.6 lbs.
Normal processes for soy oil extraction is 19+ lbs. per bushel. USSE's procedure almost doubles this output.
Airdale
Sources of information:
Here is the is info on US soy production, notice the 42% export number.
Soy use and demand? – The distribution tables for US soybeans for 2002/3 (preliminary) show that of 2.793 billion bushels of soybean consumption, 65% (1.615 billion bushels) went for crushing into soy meal and soy oil, 42% went to exports (1.045 billion bushels), and 5% went to seed, feed and residual (133 million bushels). For 2003/04, the USDA is forecasting a decline in crushings to 1.485 billion bushels (59%), a decline in exports to 890 million bushels (36%), and a slight reduction in seed/feed/residuals to 129 million bushels (5%).
Here is the info on daily US gasoline use:
http://www.nationmaster.com/graph/ene_oil_con-energy-oil-consumption
Countries Amount used daily
1 United States 20,030,000 barrels per day
2 China 6,391,000 barrels per day
3 Japan 5,578,000 barrels per day
4 Russia 2,800,000 barrels per day
5 Germany 2,677,000 barrels per day
Article on gasoline per barrel of oil.
"What are the products and uses of petroleum?
There are many ways that petroleum (oil) is used. Oil is refined into useable petroleum products. Most of the petroleum products are used to produce energy. Other products made from petroleum include: ink, crayons, bubble gum, dishwashing liquids, deodorant, eyeglasses, records, tires, ammonia, and heart valves. From a barrel of oil, 47% is refined to gasoline for use in automobiles, 23% is refined to heating oil and diesel fuel, 18% is refined to other products, which includes petrochemical feedstock such as polypropylene, 4% is refined to propane, 10% is refined to jet fuel, and 3% is refined to asphalt. (Percentages sum to over 100 because there is approximately a 5% processing gain in refining.)
How many gallons of gasoline does one barrel of oil make?
One barrel (42 gallons) of crude oil, when refined, produces approximately 19.6 gallons of finished motor gasoline, as well as other petroleum products."
http://www.huffingtonpost.com/sheldon-drobny/the-real-economics-of-oil_b_24108.html
Supply – World soybean production during 2002/03 reached a new high of 196.66 million metric tons, up from 184.87 million in 2001/02 and the late 1990's average of less than 160 million tons. World production was forecasted to rise further to 199.46 million metric tons in 2003/04. The U.S. soybean crop year begins September 1. Soybeans now account for about 60% of the world’s total oilseed production with cottonseed the closest competitor at a distant 33 million tons. The US is the world’s largest producer of soybeans by far with its 78.669 million metric tons of production in the marketing year 2001/02 accounting for 43% of world production. The runners up are Brazil with 41.8 million metric tons (23% of world production), Argentina with 30.20 million metric tons (16%), and China with 15.45 million metric tons (8%). Of US soybean production of 2.452 billion bushels in 2003, the largest producing states were Illinois (15.6%), Iowa (14.6%), Minnesota (9.4%), Indiana (8.3%), Nebraska (7.2%), and Ohio (7.0%). U.S. farmers harvested a near record high 72.437 million acres of soybeans in 2002/3, down from 72.975 million in 2001/02. The average yield of 38.0 bushels per acre was slightly lower than the 39.6 bushels in 2001/02. US farmers produced 2.729 billion bushels of soybeans in 2002/3, down from 2.891 billion in 2001/02. The USDA is forecasting a further decline to 2.619 billion bushels in 2003/4. Ending stocks in the US were 4.61 million metric tons, down from 5.66 million in 2001/02 and are forecasted to fall further to 3.39 million on 2003/04.
http://www.crbtrader.com/fund/articles/soybeans.asp
Bushel is a volume measurement for grain created many years ago by Celtic peoples (Scotland, Wales, Brittany, Ireland) to facilitate fair grain trade. The bushel measurement was not defined in terms of cubic feet, but is currently considered to be about 1.25 cubic feet in volume. Although grain is referred to in terms of bushels in the United States, it is referenced and traded on the basis of weight (tons or metric tons) throughout the rest of the world. To facilitate the trading of grain, the USDA created weight standards for each grain so that grain could be weighed to determine the number of bushels rather than trying to make volume measurements. Corn was assigned a bushel weight of 56 pounds, while soybeans and wheat were assigned bushel weights of 60 pounds. Some other examples are: Rye = 56 pounds per bushel, barley = 48, oat and fescue = 32, etc.
http://216.109.125.130/search/cache?p=soybeans+bushel+weight&fr=yfp-t-501&toggle=1&ei=UT....
Q: How much does a gallon of diesel fuel weigh?
It varies somewhat, but averages around 7.1 lb per US gallon.
Here is an article that states only about 19% of each soybean can be extracted as oil. This would represent less than two
gallons of oil per bushel under standard proscessing procedures. Who are these guys?
Soybean oil is the natural oil extracted from whole soybeans. Typically, about 19% of a soybean’s weight can be extracted as crude soybean oil. The oil content of U.S. soybeans correlates directly with the temperatures and amount of sunshine during the soybean pod-filling stages. Edible products produced with soybean oil include cooking and salad oils, shortening, and margarine. Soybean oil is the most widely used cooking oil in the US. It accounts for 80% of margarine production and for more than 75% of total US consumer vegetable fat and oil consumption. Soy oil is cholesterol-free and high in polyunsaturated fat. Soy oil is also used to produce inedible products such as paints, varnish, resins, and plastics. Of the edible vegetable oils, soy oil is the world's largest at about 32%, followed by palm oil and rapeseed oil. Soybean oil futures and options are traded on the Chicago Board of Trade (CBOT).
http://www.crbtrader.com/fund/articles/soybeans.asp
Zardiw, I just received a call from a gentleman representing Vidalia City. This is obviously nothing new for you but provides me an independent source of information. He said the following:
-They have not yet seen power generation with a jet turbine and were scheduled to view a demonstration in Connecticut this week. of a Pratt and Whitney Jet Turbine burning the bio-fuel. They were contacted late last week because the demo and their flight was postponed.
-They have no contract but are talking with USSE regarding a possible agreement. It is by no means imminent but is a strong possibility.
-They have been told rates would be lower than the existing price.
-The electricity they currently use is generated by natural gas or coal systems.
-They indeed did place their city hall on USSE power generation for a short period on the 31st of October.
-What he termed "almost a third world country", Brazil currently has vast amounts of energy being generated by alternative fuels. He thinks this can be a viable solution to high energy rates here in the US.
-They, like everyone else paid much higher rates for power just the past two years.
-The city is very concerned about people on a fixed income being able to afford energy into the future.
-The contract with Vidalia from his perspective is not a certainty but is a strong possibility at this time.
Good luck to you,
Airdale
Thanks to the many indiviuals who have done and placed DD in the I-Box. This is one very interesting company.
Can someone who attended the October 31'st demonstration verify that individuals from the city of Vidalia were actually in attendance. I have phoned and emailed them and received no response.
http://www.cityofvidalia.com/custom/webpage.cfm?content=content&id=1
According to company statements, the share count should remain stable, they expect a contract with Vidalia City, they have purchased a facility to produce product, they have their energy source of soy beans on site, they are awaiting the arrival of contracted processors, they will ramp up capacity or production as income arrives to provide additional funds, they are issuing a share, per share held in USSE, in the spinoff and production is just months away.
Zardiw as moderator, an attendee at the demo and one who seems heavily invested, what concerns or red flags do you see regarding USSE? It has many strengths where do you see weaknesses?
Thanks for any info you can provide.
Airdale
I am not a frequent poster but have spent considerable time and effort reading here, researching and pondering this stock the past five months. During this time frame I have been very bullish on the long term prospects of SLJB and have been forceful about those feelings when posting. At times my posts have been combatative with those holding an opposing viewpoint. I offer very humble apologies to any I have offended as it appears you were right and I very wrong in opinion.
The past 24 hours have been a huge emotional and physical letdown as the PPS spiraled downward. As the postponement of the AF's continue and additional revelations are discovered regarding SLJA I have felt all confidence in the future growth of SLJB depart. I sold all shares this morning to avoid loses. This board has an extremely dedicated group of Moderators who have performed superhuman efforts in maintaining the most out-of-control board in the history of Ihub. Thanks to all of you. Many posters here are talented investors who have been extremely kind and gracicous in seeking and sharing DD with all. Although I am doubtful it will happen, I very much hope you who remain are rewarded for your loyalty and efforts.
Best to all,
Airdale
According to this site more buys than sells with most trading in the neutral zone.
Volume.........4,747,622
Change............0.0045.....25.00%
High..............0.0230
Last Volume.....2,413,572
Up Volume.........554,833
Neutral volume..3,710,789
Previous Close....0.0180
Trades...............54
Down Volume.....482,000
http://www.profitspi.com/stock-quote/sprl.aspx
While we are waiting, here's a great tune: "It's always darkest just before the dawn" Crosby Stills Nash and Young- Long Time Gone
http://www.investorshub.com/boards/read_msg.asp?message_id=10996452
Relax,
Airdale
KQforever, thank you for informing me of INTK. Nanotech is a very interesting field and it appears this firm has some viable products in high use areas. Based on what Mercedes Benz is doing it appears this industry has a great future. www.azonano.com/news_old.asp?newsID=45
Their share structure seems very controlled and could support a much higher price.
It appears they have some product applications in progress with the middle east pipelines holding great promise.
I called several Paint and Decorating Retail Association stores near my area. The manager at one store said they don't currently stock INPK products and he wasn't aware of their availability. IMO the public isn't quite aware of the advantages the product will provide so the sales may take some time to generate.
http://www.pdra.org/locator.php
The relationships with firms like Ford, BMW/Pratt Whitney typically are the research type where the manufacturer will perform tests on several paint manufacturers concurrently to determine the best quality paint for their needs. Once the research is completed this could create a nice revenue stream.
Here is a gallary view of a chart http://stockcharts.com/gallery/?intk. Any news event will always trump charting IMO so the release of their audited financials could be a real plus. This does show a general weakness currently and seems more likely to weaken before moving up.
I will take several days to do further research but wish you luck with your investment.
Best to you,
Airdale
Sandvet, there is an old sales adage, "sell the sizzle not the steak". The sizzle is just as you have stated, the reason many people are here for SLJA. The potential for huge returns based upon relationships with EMAAR and other world players is a great fantasy. On it's own this story is highly suspect and very risky and I personally would not be here. It adds cache to the SULJA story in spades.
The boring portion of the business is the very key to making the fantasy a reality. The risk of this entire "play" is greatly mitigated by the mundane hardware stores with which you are not impressed. The tangible evidence provided by these facilities is testament of years of hard work by people such as you and I. The reputation Sulja has built within their communities and the relationships created are basis for this being believeable. The verfiable softwood license provides a reason and link to the ME. This history and reality an investor can verify and touch. This company unlike the vast majority of Pink Sheet stocks has a revenue flow. This portion of the company is what Petar risks losing if he misleads investors. This is the portion of the business from which the AF's will come.
In reality, right now, most here are awaiting the AF's from profitable hardware stores that Sulja operates. After the AF's people will believe in the Emaar dream.
I hope you consider this a friendly discussion, I certainly do and wish the best for you.
Airdale
Sand, you'd better check out the store in East Windsor/Tecumseh, it is also a reality and will open soon. Not every chapter of this biography is verifiable. It is however prosecutable (see CSHD) based upon the great volumes of public information disseminated to a large and growing group, worldwide.
No disrespect intended but, if you hold shares in SLJB and don't believe the PR's and public statements Petar has made, I really wonder why you're here.
Best to you,
Airdale
Not saying Kore and SLJB are the same, just that Petar is a very busy man and not just with Sulja.
Airdale
Agreed gwikley. Using SAM's as an example, If anyone has ever worked extremely hard for years to create a company that creates income and postitive cash flow, that income is a reward and gives security and pride of effort for the owners.
Imagine selling that loved entity to someone, what level of trust must be gained in another firm to willingly trade your assets for theirs? This level of trust has happened on the business end with Petar/SLJB but has not translated over to this side, the security shareholder end. This week the transfer takes place one way or the other. I'm still all in.
airdale
According to some, Petar is an unfit CEO not worthy of serving your needs as a shareholder? Just what has the man been doing the past few months if he isn’t getting the job done? One must realize he is the one that has led three companies to accomplish the following:
Petar is CEO of SLJB and is heavily involved in getting the AF’s out hopefully by November 15th. On the Blog in October he detailed how he was working on the AF’s over the weekend, while ill.
-Still on the AF’s he has met with the BOD to complete their review.
-He has been stymied by attempting to complete audits both in the America’s and the Middle East, each area represented by different accounting methodologies as verified the CEO of KPMG. According to some, we have assets in five countries. The US, Canada, UAE, Germany? and?
-He has had assets transferred from the ME to Nevada.
-He is the key negotiator on getting deals completed such as the cement contract mentioned on SLJB’s blog for $98 million.
-He has mentioned on the Blog that more mergers are on the docket, his favorite subject, this could get interesting..
-On the Blog he mentioned he has other cement “deals” to announce.
-They are still attempting to acquire lumber mill(s), in the Northwest.
-He, representing Kore Int. met with Colechester’s City Management working on a $20 million dollar deal for development that will bring jobs and industry to the area.
-According to Dave the lot manager, he meets monthly to monitor the Detroit SLJB yards activity. This is probably done at all Sulja yards.
-He has been to Germany to close a $124 million dollar contract with Wessal & others.
-He has closed the Sam’s deal and integrated it into SLJB.
-He worked to quickly remedy a 50 million-share error in Authorized Shares.
-He has Sulja opening a new retail store in East Windsor/Tecumseh.
-He is the Director General of Consultech Construction Management Inc..
-He is working to broker structural steel to the ME.
-He has taken time to do IR work and speak individually with many on this Board., even at home on weekends. Despite the almost constant blather that we are uninformed, the catalogue of PR’s speaks otherwise.
In spite of all the above, many need their hand held and imply that Petar is inept and doing a poor job as the CEO. Some complain persistently of him not getting the AF/s out. Posters whine about the Blog being absolutely pitiful and not receiving enough information from Mr. V.
I respectfully submit that most here could not effectively manage even one of the three entities Petar directs let alone negotiate very large international contracts. It takes a rare talent not your average Al Bundy to close deals representing hundreds of millions of dollars.
As the weeks pass and SLJB’s history unfolds, it is becoming more obvious that Petar Vucicivich, although not fault free, is a very energetic and talented man who represents SOME very short sighted and insecure shareholders. Please, name your favorite Pinkie CEO and let’s compare him with Petar. Let’s see who has accomplished the most in the last six months.
Airdale
Pinksheet stocks such as SLJB growing in stature, interesting article, my bolds:
Microcap Industry Trade Groups Optimistic About OTC Bulletin Board and Pink Sheet Stocks in New Year
Tuesday January 17, 9:00 am ET
Plan to Push for Sarbanes-Oxley, SEC Rule 504 Government Reforms in '06
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Jan. 17, 2006--The economic outlook in 2006 for America's OTC Bulletin Board and Pink Sheet public companies will once again exceed Wall Street expectations, said Frank Speight, Chairman of American Capital Partners Ltd., Inc. and spokesman for the Microcap Company Political Alliance Corp. (MCPAC) and The National Small Public Company Leadership Council (Leadership Council) based in West Palm Beach, Fla. Speight is one of the nation's top financial and investment experts specializing in smaller "microcap" public companies and recently created and organized MCPAC as the first political action group representing microcap publicly-traded companies.
"Microcap companies (i.e., Pink Sheet and OTC Bulletin Board public companies worldwide) are buoyed by the strong U.S. economy of low inflation and low interest rates," said Speight. "Low-priced microcap stocks have outperformed so-called small cap stocks in three of the past four years and could do the same in '06. The recent launch of three promising exchange-traded funds (EFTs) targeting microcap stocks is another indicator that Wall Street sees this small business sector as a fast growing one," he added.
Speight stated that a recent research report by Roxbury Capital Management LLC entitled "Why Microcaps are the Preferred Alternative to Private Equity" finds that roughly 59 percent of all publicly-traded companies are "microcaps," these stocks have outperformed most market indexes and private equity alternatives over time, and microcaps provide much more liquidity than private equity vehicles. "There are thousands of microcap Pink Sheet and OTC Bulletin Board companies out there that are creating the jobs and potentially new products and technologies in our economy and it's time for our federal government to acknowledge this fact and begin to help these firms thrive and grow in '06 by reforming harmful and unfair government regulations," he added.
"In my opinion, smaller technology and biotech start-up companies look especially good in '06," said Speight. "We're seeing a large cadre of new investment money now flowing into these two sectors where the financial payoff could be tremendous. Pink Sheet public companies, in particular, are now gaining increasing respect and credibility as an efficient electronically quoted market worldwide."
Speight acknowledged that Pink Sheet companies (named for the pink newsprint on which quotations were published for over 101 years) continue to have a negative image as investment "scams." "Only a small percentage of Pink Sheet public companies are involved in these investor scams," commented Speight. "The vast majority of these microcap Pink Sheet companies are honest and law-abiding firms."
Speight pointed out that MCPAC and the Leadership Council intend to fight for fairer treatment of both Pink Sheet and OTC Bulletin Board public companies when the 109th U.S. Congress reconvenes in January. Pink Sheet companies have been under increasing
Securities and Exchange Commission (SEC) regulation because of a number of so-called "pump and dump" investor scams. "MCPAC and the Leadership Council want to work with Congress and the SEC to protect investors from illegal scams, but at the same time we need to protect the majority of Pink Sheet public companies that are part of the engine of economic growth in America," said Speight.
Speight concluded that the key government reforms needed in '06 to help OTC Bulletin Board and Pink Sheet public companies with the capital necessary to help grow the U.S. economy include the following:
• Reinstatement of SEC Rule 504 which would allow microcap companies to sell freely tradable securities to an unlimited number of both accredited and non- accredited investors; increase the $1 million cap to $2 or $3 million.
• Reform the high cost of compliance with the Sarbanes-Oxley Act of '02, seeking exemptions for companies with less than $100 million in annual revenue.
"The outlook in '06 has all the makings for the dawn of a new and exciting microcap investing age," Speight said, "but only if Congress and the SEC begin to open up the capital markets to Pink Sheet and OTC Bulletin Board public companies."
About Microcap Company Political Alliance Corp. (MCPAC)
Microcap Company Political Alliance Corp. (MCPAC) was formed in April 2005 as the first advocacy group representing the interests of the nation's microcap publicly-traded companies to securities regulators and policy makers in Washington. Please visit our website: http://www.microcappac.org.
About National Small Public Company Leadership Council
The National Small Public Company Leadership Council, which was formed in 2000, seeks to educate and inform the White house, U.S. congress, federal agencies, industry trade groups and political organizations based in Washington about the economic contributions of the nation's entrepreneurial public companies. Please visit our website: http://www.nspclc.com
Contact:
Microcap Company Political Alliance Corp.,
West Palm Beach, Fla.
Frank Speight, 561-366-9211
fspeight@microcappac.org
www.microcappac.org/PR_Jan_17_2006.pdf -
I doubt a port, my guess as to the “assets” in the asset transfer from the UAE is land and a building in Dubai. The transfer was talked about on August 23, 2006: “Sulja Brothers Building Supplies, Ltd. (PINKSHEETS: SLJB) completed the asset transfer to the State of Nevada. Sulja Bros.' attorneys have paid all creditors and liens on the assets prior to the move. The balance sheet has been forwarded to auditor to complete our financials.”
http://biz.yahoo.com/iw/060825/0157478.html
Two days later we get this PR:
Aug 25, 2006 –“ Sulja Bros. Building Supplies, Ltd. (Other OTC:SLJB.PK - News) announced today that the company is building a Design Depot for higher end products and fixtures to supply the builders and developers in Dubai.”
http://www.marketwire.com/mw/release_html_b1?release_id=156815&tsource=3
It seems highly probable because of the short time frame between the “asset transfer” and “building a Design Depot” PR’s, two days, to strongly point toward property and a building for our high end hardware store in Dubai. Should it include a building, since it mentions assets, it would will be very exclusive and a very a valuable asset(s) to hold in the world’s fastest growing city. It should look very expensive to match rest of the city and the ultra expensive stone countertops, “high end” fixtures it will house. It could be a very nice presentation to place additional vertical PPS pressure after the AF’s are released.
Airdale
Nice post Whitesands, the venom was flowing freely this morning. In addition, you had to clean up all the virulent posts while enduring through the emotions of potential sizeable financial loss. IMO that speaks loudly to the content of your character.
Thanks to you and all our mods who persevere through this crap daily.
Airdale
A guess as to the “asset” in the asset transfer from the UAE. The transfer was talked about on August 23, 2006: “Sulja Brothers Building Supplies, Ltd. (PINKSHEETS: SLJB) completed the asset transfer to the State of Nevada. Sulja Bros.' attorneys have paid all creditors and liens on the assets prior to the move. The balance sheet has been forwarded to auditor to complete our financials.”
http://biz.yahoo.com/iw/060825/0157478.html
Two days later we get this PR:
Aug 25, 2006 –“ Sulja Bros. Building Supplies, Ltd. (Other OTC:SLJB.PK - News) announced today that the company is building a Design Depot for higher end products and fixtures to supply the builders and developers in Dubai.”
http://www.marketwire.com/mw/release_html_b1?release_id=156815&tsource=3
It seems highly probable because of the short time frame between the “asset transfer” and “building a Design Depot” PR’s, two days, to strongly point toward property for our high end hardware store in Dubai. Perhaps even property with a building could be our asset transfer. Should it include a building, since it mentions assets, it would will be very exclusive and a very a valuable asset(s) to hold in the world’s fastest growing city. It should look very expensive to match rest of the city and the ultra expensive stone countertops, “high end” fixtures it will house. It could be a very nice presentation to place additional vertical PPS pressure after the AF’s are released.
Airdale
Sampson33, I have posted this before on why a small Canadian firm such as Sulja.
Why not buy into Home Depot? Why isn’t our share price moving up?
Much like the 1940’s post WWII when oil and the automobile were king, the U.S. tied up perpetual oil contracts with the Saudi’s. This ensured long-term affordable transportation for the growth of the country. Now, the situation is reversed and the Middle East is coming to North America for resources. They can’t get a government contract for product so their long-term deals for softwood are through publicly traded entities. This will help ensure the long term growth of their country.
Emaar/Wessal is smart enough to know if they need unfathomable quantities of steel, cement, wood and fixtures for their projects, they might as well make money on both ends. They will purchase as much as possible from a very reliable source, themselves. Why let someone else make all those billions on product sales when they can keep it in house. They can also control their own supply lines.
Why not buy into Home Depot? They could buy 5% of the shares in the $70 billion dollar Depot for $3.5 billion. What percent return would they get if they owned less than 5% of HD? It wouldn’t be in the billions and not even close. Probably 10% a year if they are lucky. Not much upside really, this would be a very expensive and very long-term return on their investment.
What not go private and just own a supply company outright? They would have to use much of their own seed capital and they would get straight earnings. They have to hire and manage a system to provide materials for them. If they purchase $5 billion in materials this year from themselves as suppliers, they probably make about $1 billion in profit. A twenty percent annual return is excellent. But, what if there is a way to make an even greater return?
Why select a relatively small insignificant company like Sulja Brothers? They have experience, they’ve been around 25+ years, they understand logistics and have been successful. Their management is sharp enough to know the construction industry as they are making 30+% net income. They have some existing supply lines and they have a softwood export license with a nearly inexhaustible amount of timber/lumber.
Why go public with this whole thing? The key word is leverage. The reason you use the capitalisit stock market is PE ratios times earnings. If they buy 25% of Sulja Brothers in the open market for say an average of .25 per share, (open market, just like they would have to do with Home Depot) it would cost them $31 million for 125 million shares. That is 1% of the cost of buying into HD.
What is the upside on income? If they nail the NASDAQ, like they claim they will at $5.00 and those $31 mil in shares are now worth $625 million. If they crack $10 per share they’re at $1.2 billion. They can probably leverage $30 million or so into a billion dollars. Why Sulja?, because they make more money this way. If they were to hit $5 per share in a year, that would be a 2000% return. The US stock market is geared toward multiples and they know how to work it.
Why isn’t our share price rising? Mother Nature says the biggest dog always eats first and the scraps go to the little guys. The big dogs are currently at the trough and eating up the bulk of the shares IMO. There are scraps that most of us will get. This little piss ant investor is very willing risk $50K for a shot at $6 million.
Yes, I think this deal is real.
AIMVHO
Airdale
Scorpio, each day at 12:00 AM, the I-hub administrators reset the database counts on most read, most posted and top boards for the next day. Not sure how long the process takes but the board with the highest count is spooled off first. This continues until the board with the lowest total is reset. If you view the Hot! area mid process or shortly after midnight, you will see it during reset and get an inaccurate count. No shenanigans, just a large database being reset.
Best to you,
Airdale
Spot on post gwikley, the depth of this problem is drastically understated and purposefully buried. Agreed, the markets could collapse with immediate full disclosure and prosecution.
If they could simply halt any further FTD's as the investigation began and maintain an honest market from this point forward it would be extremely meaningful.
Between foreign exchanges going to the T+0 T+1 T+3 system, the US's NSS problem and Sarbox creating greater compliance costs, America is losing existing securities and new applications are going to other markets such as London's AIM, (Alternative Investment Market).
Paradoxically, to compete with foreign exchanges, ours are going to demand that Sarbox be softened. Will they also willing forgo fleecing investors through illegal Naked Shorting and setting up a T+O system to retain their own clients and future growth. They can't have both.
We are certainly at or nearing some radical changes. Hopefully there will be no "slight delays" with this.
Airdale
OT: Stockfire, are those Hawker Hurricanes in your profile? There were about 6-8 Sea Fury's at Reno this year in the Unlimited Class. Several of them could really haul.
Airdale
One reinforced reason I think Petar is absolutely telling the truth is here:
http://sec.gov/litigation/complaints/2006/comp19883.pdf
The environment since Enron and Sarbox have even formerly ignored Pinksheet firms under the scrutiny of the Feds. Giving up a successful career, jeopardizing your family, fines, imprisonment and dishonor provide a stiff impedement to criminal activities.
I say Petar et al are far too smart for this.
Airdale
We lost shareholders today and some very quality investors. They have sold but are not gone. The story on this is far to intriquing to just sell and not peek at daily. We will continue to maintain ex-shareholders who do not want to miss a trainride. This means extra fuel for departure once AF's are delivered.
This is not a one or two day fix or there would be no need for a PR. Thusly, we are probably a week or more away from release, days of torture for we who contine to hold. Torture from the unknown and the newly hatched insensitive fleas that that hold no position, yet spew advice and postulate bullscat.
We know that Sulja is 25+ years real and has muliple locations. We know they just acquired SAM'S have an softwood export license. We know the Windsor Star has reported their affiliate Kore will build $20 million worth of buildings in Colchester. We have shareholders here who are younger than SLJB. As has been said, THIS IS NOT A STARTUP. This is a brick and mortar business built on sweat and toil. They have a history, one of being a little late on delivery of commitments but one that has always come through.
Petar put his head into the noose today when he said, "We have no intentions of keeping the financials private, we are only waiting to make it more transparent. We will release them as soon as all necessary corrections are made." This commitment was made before shareholders, attorneys and the US legal system, he is publicly on the line.
I'm sure many here have played the "underneath the covers game" after reading a fortune cookie. Perhaps this would add the proper perspective to many of the posts being submitted this next week.
Airdale
Marayatano, I think many of us have questions regarding A.I.M. that are similar to yours. Here is a website that provided some answers to questions I have had and may help you also.
A.I.M. the Alternative Investment Market, sounds far more professional than our current listing on the pinksheets. Here are several quotes that sound very postive IMO.
"The advent of Sarbanes-Oxley and other corporate governance requirements
have made it prohibitively expensive to be a small public company in the US. Accordingly, smaller companies are
looking abroad for capital. Ten to fifteen years ago, those companies would have gone public, raised $10-30
million and listed on NASDAQ. Now, many of them are looking seriously at deals in London. AIM, in particular,
and the London markets, in general, represent a significant funding source, especially for our small and mid-cap
clients."
Quick Overview: Why US Companies Pursue AIM Offerings
Regulatory Environment. Issuers who go public on AIM are sponsored by a Nominated Advisor (a
“Nomad”) who is responsible, not only for maintaining the profile of the listed security, but also vouching for
the company’s good name. Their diligence in an AIM offering is extensive because their reputation is on the
line. They confirm that the company is suitable to list on AIM, and advise on the content of the offering
materials. There is no regulatory body similar to the SEC passing upon AIM admissions. AIM-listed companies
report financial information semi-annually (as opposed to quarterly in the US), the rules and regulations of the
market are generally considerably less burdensome, and the overall cost of compliance is correspondingly less.
In addition, a properly structured AIM listing relieves a US issuer from the compliance burdens and costs
associated with Sarbanes-Oxley.
International/Global Focus. Foreign issuers, particularly US companies, face the initial question, “why
London?” In the early years of AIM (1995-2003), relatively few foreign issuers came to AIM, and many
bankers and brokers encountered a bias against foreign companies listing on AIM. Since the beginning of
2005, the market opened to issues from across the globe, and now sees its future expansion primarily among
non-UK issuers. For all the reasons listed above, AIM is attractive to US issuers; however, currently it is
important that a US issuer demonstrates an international or global market (or market potential) for its products
and services, although this is not an absolute requirement. By establishing more than a local reach, an AIM
issuer not only presents a large potential market, it shows that it is an international player worthy of being
traded in one of the world’s financial capitals. Without a global or international angle, a US company with a
solely US-base of clients and customers will raise questions among the AIM investing community. The deal
may still get done if the company is strong enough, but it will be a somewhat more difficult offering."
Good luck to you,
Airdale
http://216.109.125.130/search/cache?p=A.I.M.+london+US+investors&fr=yfp-t-501&toggle=1&e...
Jim Bishop was partially the impetus for buying this stock. After its run from .002 to around .04 early this year, I perused the board to see why such a large run.
Real Estate was cooking at the time and their properties list was pretty impressive. It had given back over half its gains and the chart looked good. Also the "eminent" merger with Sulja Brothers was intriquing. Knowing his contraindicator reputation and after seeing Bishop's constant belittling of LFWK, I bought and flipped in the .02/.03 range several times and then held some and just watched until Stockprofit2023, a very honest IHUB'er IMO, posted several times he thought it might run.
Treepeople, one of the best stockpickers ever IMO then emailed me the same week saying he had built a nice basis here. I finalized my position before a trip down the Main Salmon. I left at .028 and returned at .068. Nice trip.
Blind dumb luck? Yep, I had no idea about Emaar, Red Sea Group, or Wessal until half the postion was built.
Airdale
Article about Creditline securing the Syrian contract earlier this year. This will be a very protracted timeframe for actual earnings. It also insinuates a very close affiliation with the Russian Government. They would be necessary to lend money for the construction to acquire military fuel.
Airdale
Feb. 14, 2006
Syria Finds the One to Secure Diesel
Strange things happen worldwide. The little-known Creditline of Russia with just 10,000 rubles in stock capital has won the tender to construct a $3.575-billion petrochemical complex in Syria. The project is guaranteed by Syria’s government and is aimed at meeting the diesel fuel requirements of the country. Now Creditline is looking for a contractor in Russia.
Syrian Ministry of Oil and Mineral Resources held the tender in 2005 to pick out a constructor of refinery in Der-el-Zor province. To secure the victory, Russia's Creditline just suggested extending the project and building a petrochemical complex of a refinery to produce diesel fuel and naphtha (around 7 million tons a year) and a petrochemical works to process 1.6 million tons of naphtha and deliver polyethylene, polypropylene and benzene in the end. Russia’s party is responsible for funding the project and the choice of contractors.
The yield will be shared as follows: Syria will have to confine to the 15 percent of derived earnings in the first ten years of the project. The share will widen to 30 percent in the next five years, to 45 percent in another five years and 60 percent henceforth. On expiration of 25 years, the facility will be transferred to Syria in part and in whole. The construction will take five years and pay back in six years, said Creditline Director Nizami Piriev.
www.kommersant.com
Independant verification of the $3.575 billion dollar deal by Kommersant. I highlighted the bold section because I found it extremely interesting as it tied the deal closely to Russia's military establishment.
Airdale
KOMMERSANT
Russia's Daily Online
Oil Company Urges Military to Go to Syria
Russia’s North-West Oil Group, NWOG, has become a majority holder in Creditline, a project operator to construct a refinery and petrochemical facilities in Syria. In NWOG, they hope to lure the RF Defense Ministry into the project, which worth exceeds $3.5 billion. NWOG’s hopes are well justified, as the military need a refinery in Syria to ensure continuous provision of fuel to the combat vessels in the Mediterranean Sea.
Russia’s North-West Oil Group, NWOG, has bought out 63 percent in Creditline, a project operator to construct a refinery and petrochemical facilities in Syria. The seller was Russia’s resident Nizami Piriev, who owns Creditline. The respective contract was sealed September 21.
Both NWOG and Creditline confirmed the information but declined to disclose the deal budget.
In February, Creditline won the tender in Syria to construct a refinery of 6.5 million tons annual capacity and 1.4-million ton petrochemical facilities there. The refinery will produce diesel fuel and directly distilled gasoline, while the petrochemical enterprise will focus on making olefin, benzol, polyethylene and polypropylene. The term of the project is five years, and its budget is estimated at $3.575 billion.
For a new holder of Creditline, the prime concern today is to lure authorities into the undertaking. NWOG General Director Yulia Sozina said, first of all, they see this project in light of strategic interests of Russia in the region and are holding preliminary negotiations so that the RF Foreign Ministry and Defense Ministry step in to back up the project. The company is ready to give to authorities an interest in the project or a stake in the company, according to Sozina.
The project is no secret to the military, spokesmen of Defense Ministry confirmed off-the-record, emphasizing they count on its urgent implementation. With a refinery in Syria, the vessels of Russia Navy will have a source of continuous fuel supply in the Mediterranean Sea.
by www.kommersant.com
http://www.kommersant.com/pda/doc.asp?id=709538
http://www.kommersant.com/
OT: Wrongjoe, I was working on a reply for Oldie until I read your post. It has caused uncontrollable tittering and a lack of oxygen for the gray matter, great post.
Airdale
You seem to be the one with the most concerns regarding a new auditor, the services of DT scares you? Shouldn't an experienced investor do his own DD and escew relying on message board "word of mouth" for their "facts"?
Did you actually read the PR, does it state that Top-Audit is no longer providing services?
Could it be that they are utilizing more than one auditor for different functions?
Why not quit bothering the board and do some work to provide empirical information you can rely on?
Airdale
Old Investor, I have been watching NDOL for months as past PR's have indicated they possessed enormous potential for share price growth.
Two days past, they signed a $3.6 billion dollar contract for processing oil/oil products in Syria. This PR pulls them our of provincial Russia and onto the world stage. Perhaps you are the exception, but for many that is very eye catching. The negative is the length of time one must hold to derive financial benefits from the project but the impetus for huge revenue production is now in place.
To have one of the most prestigeous Accounting firms in the World now agree to provide auditing and perhaps seasoned consulting is extremely remarkable. It portrays the depth of commitment NDOL is placing on their future by expending large capital commitments to financial disclosure, accuracy and viablity today. It also speaks to their solvency.
This alliance provides immense credibility in a Pinksheet listed firm that has struggled to find fair value in their current price structure.
You are more than inaccurate with your suggestions that this PR is meritless. Your statements are foolish and more of an indictment on you than on the firm you seek to diminish.
Airdale
This is a repost but:
In multiple PR’s Sulja has proclaimed their desire for listing on other Boards. The OTC, NASDAQ and the DIFX have all been cited as preferable options to the current Pinksheets. Steve Sulja even qualified the listing earlier when he stated: “the company financial audits will be completed in a couple of weeks. Then a Form 10 will get our company to the OTCBB. Clearly, this is not our final goal. We will seek a NASDAQ listing. The company is making enough net profits to easily justify the NASDAQ move”. IMO, they knew intimately the requirements for each exchange before any PR’s were issued and this is part of their plan.
The entire reason for expending the extra funding and utilizing an auditor with the credentials of a KPMG or PwC is to secure the opportunity to be listed on NASDAQ or DIFX as soon as possible. The big four audit isn’t being done to impress current shareholders as much as Exchanges and the institutional groups they bring. Also, after reading Petar’s bold type laced PR regarding the late financials, I don’t get the feeling he is a patient man and wants to wait for three years to uplist.
Being that Sulja has been in operation for 25+ years, they have created a lengthy history that should be viable enough to provide legitimate records to an audit team. With $50 million or so in Revenue for so the past few years, one would certainly surmise they had employed a reputable firm to handle past financials. Certainly, this could create a postitive platform from which a Big Four group could prepare for uplisting.
The listing guidelines for the DIFX exchange are stringent. Creating trust for the handling of billions of dollars investors money is the DIFX’s or any Exchanges greatest ally. Only through rigorous controls can they earn and maintain that trust.
Airdale
Gwilkey, perhaps my rose colored cornea’s are tainting reality but I think providing audits for three years is very obtainable and probable in the near future.
In multiple PR’s Sulja has proclaimed their desire for listing on other Boards. The OTC, NASDAQ and the DIFX have all been cited as preferable options to the current Pinksheets. Steve Sulja even qualified the listing earlier when he stated: “the company financial audits will be completed in a couple of weeks. Then a Form 10 will get our company to the OTCBB. Clearly, this is not our final goal. We will seek a NASDAQ listing. The company is making enough net profits to easily justify the NASDAQ move”. IMO, they knew intimately the requirements for each exchange before any PR’s were issued and this is part of their plan.
The entire reason for expending the extra funding and utilizing an auditor with the credentials of a KPMG or PwC is to secure the opportunity to be listed on NASDAQ or DIFX as soon as possible. The big four audit isn’t being done to impress shareholders as much as larger Exchanges. Also, after reading Petar’s bold type laced PR regarding the late financials, I don’t get the feeling he is a patient man.
Being that Sulja has been in operation for 25+ years, they have created a lengthy history that should be viable enough to provide legitimate records to an audit team. With $50 million or so in Revenue for so the past few years, one would certainly surmise they had employed a reputable firm to handle those financials.
Your point is well taken, as the listing guidelines for a new securities exchange are stringent. The creation of trust for the handling of billions of dollars investors money is the DIFX’s or any Exchanges greatest ally. Only through rigorous controls can they earn and maintain that trust.
But like you said, what the heck do any of us “know”.
Best to you,
Airdale
Our future listing on the DIFX may have a significant impact on share price. Whereas the NYSE and NASDAQ have thousands of securities from which to select, the DIFX has only 270, per today's Gulf News of Oct 17th. This would certainly provide a greater % chance for exposure.
It also appears that they are also pushing to become the largest market for Islamic Bonds, beating out existing strongholds Singapore and London. They seem to be a very aggressive group controlling the marketing and growth.
Airdale
http://www.gulf-news.com/business/Banking_and_Finance/10075403.html
Published: 10/17/2006 12:00 AM (UAE)
DFSA gives licence to 100th firm
Staff Report
Dubai: The Dubai Financial Services Authority (DFSA) licensed its 100th regulated firm in the DIFC last week. The licensed entities comprise 78 authorised firms and 22 ancillary service providers.
Authorised firms are granted a licence to conduct financial services in or from the DIFC.
Ancillary service providers are granted a registration to carry out ancillary services in or from the DIFC; they provide legal and accountancy services.
"To have reached this milestone within such a short time has exceeded everyone's business plans and expectations," said David Knott, DFSA Chief Executive.
The regulated financial services sector within the DIFC works alongside many other registered enterprises which, taken together, constitute the DIFC community.
There are now more than 270 licensed and registered firms within the DIFC.
http://www.gulf-news.com/business/Markets/10075399.html
Published: 10/17/2006 12:00 AM (UAE)
DIFX moves ahead in sukuk listings
By Arif Sharif, Staff Reporter
Dubai: The Dubai International Financial Exchange listed a $150 million sukuk of a Kuwaiti finance company yesterday and said it had become one of the world's top markets for listed Islamic bonds.
OT: Mr. Irish, just for you, I have amended the bottom Message Signature into a disclaimer. The intent of the post was to portray Marketmakers as possibly disingenous, (no offense to any Market makers) and was not intended to sully Mr. Clinton. Mr. Clinton was selected because he is famous for the "I did not have sexual relations with that woman" remark and felt I strengthened the point.
I will continue to read your posts as they periodically have excellent content. I would strongly recommend you place me on Ignore so that I do not create misunderstandings with you in the future and possibly cause ill effects to your health.
I do wish you success in life and investing,
Airdale
OT: Santa, perhaps you should re-read his post, it has alot of substance IMO. Hard work, wealth and the success that accompany them are wonderful. I hope all here experience the three, but pretentiousness often taints and cankers the character of those that have achieved much. I've been there and thankfully lost most of the wealth and accompaning pride. I hope to be a far better person in case the success returns. I, as a very flawed individual, have no cause or reason to place judgements on you or others, the post to which you responded was an indictment on myself.
Although PBLS has tremendous "potential", there are other Pinksheet securities that match or exceed it and also have Mutual Fund qualities. I won't disrespect this board and it's moderators by posting them here.
Much success to you,
Airdale
Pnew this post is an honest, soul baring, blunt,characterization of not only you, but many of us. Pennies are a brutal mistress. They blend the beauty and promise of tremendous upside with the deadly toxin of the unknown. The insiders know the truth yet still oftimes lure shareholders with the rhetoric of potential.
You sound like a human that enhances all that are fortunate to know you. I really love several of your statements:
"Many here that portray to have the answer are WRONG. Not only that, if they were so good @ this game, why would they be working and or hanging on a message board?"
"Other than that, I could not be happier in life. I love life, laughter, and good decent hard working people. Those who have money and flaunt it, SUCK."
Best to you,
Airdale
Lol, perhaps that is the only type of German he'll understand, eh?
The website is starting to display the multi-national/entity tennacles required to reach $5.00.
Airdale