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I suspect when the SLJB website does come out with German it will mean something like this to shorts:
Sie werden geschraubt
AIMHO
Airdale
Courageous post Coydog. It takes boldness to put your picks on a message board for everyone to see. It takes character to stand behind your error in judgement.
Conversely, IMO, it is the small minded who point the finger.
Best to you,
Airdale
fmi81, wouldn't calling Knight Securites and asking them if they are shorting SLJB be comparable to asking Bill Clinton if he had sex with Monica? Prior to full discovery of course. Cigar anyone?
Shorting and borrowing against Pinks is a no-no and to do it you must go naked. Knight might facilitate one of their Canadian/offshore minions to short, (they have been caught before), but they would never short in house.
They would never fess up to shorting, they always settle out of court without expressing guilt, like this case.
http://www.boston.com/business/articles/2006/02/09/knight_capital_unit_looks_to_settle_probe/
AIMHO
Airdale
From yesterdays Gulf News, THE newspaper of the United Arab Emirates.
The construction boom in Dubai has brought an unprecedented demand for wood based products. The value of wood imports increased from Dh1.5 billion in 2004 to Dh1.9 billions in
2005.
2005.http://www.gulf-news.com/business/Industry/10073337.html
AIMHO
Airdale
Makes one wonder what a post like this from yesterday would bring, no "in my opinion", stated as if it were fact.
Airdale
By Oldboldpilot
SLJB board...115,160 posts saying the same thing over and over. Maybe we could have it translated into Cyrillic, at least that would interrupt the monotony........
Gooooooo SLJB
To the moon SLJB
AF's will be here soon
It's a scam
Get out while you can
Anything original out there in fantasy land ??
I think they PR'd it just to correct the Net versus Revenue statement. No biggie IMO.
Airdale
Interesting Mr. Nebula, our board posts and reads have dropped steadily over the past week but bookmarks grow.
Flippers and short termers are out because of the narrow trading channel.
Nervous longs post goodbye messages the past several days.
Dozens of bashers hang around just to warn longs of impending doom. Thanks so much.
Quiet longs hold and read every post.
This morning, a PR alert sends the price to .13 in seconds.
All the above are on high alert and 24 hour watch for liftoff.
It's times like these that ensure that life is worth living.
AIMHO
Airdale
Continuing the logistics discussion of yesterday, here is an article discussing the quantity/quality of ports in the UAE. They appear to have prepared in advance for much of the current construction and growth. No date provided on the front page, 2004 on Sharjah airport page.
AIMHO
Airdale
Ports
The UAE by virtue of its position on the very important trade route between Europe and South East Asia The UAE has 15 commercial ports which handle over millions of tonnes of cargo a year. These are under expansion with their services constantly improved to facilitate easy and quick operations for customers.
Port Mina Zayed in Abu Dhabi is a 24 hour operating port with simplified procedures that help consignments get clearance within 20 minutes.
Mussafah Port costing around Dh. 2.4 billion, was completed in 1997. It has a 380 meter long jetty and is used by international shipping lines for transportation of scrap, steel products and heavy equipment etc. It has a capacity of 300,000 to 500,000 tonnes a year
Dubai is one of the world’s major players in the field of marine-cargo handling with shipping links to almost every international destination. Its Jebel Ali Port is now the thirteenth largest container port, worldwide, handling more units than Tokyo, Seattle or Shanghai.
Sharjah was the first port in the entire Middle East to possess fully equipped container facilities at the Sharjah Container Terminal (SCT). Sharjah’s impressive port on the East Coast at Khor Fakkan, provides valuable facilities for many ships that do not need to enter the Gulf.
Fujairah has one of the most modern container ports in the UAE.
Ras Al Khaimah has Mina Saqr, a deepwater port can handle vessels upto 260 metres long and 11.5 metres maximum draught.
http://www.uae.org.ae/social/country/transport.htm
Very observant take on the four big drops accompanied by rising price share Midas716, also a very interesting theory. The next several days could be very interesting should your premise hold.
Best to you,
Airdale
Pnew, September 26th is the date of the PBLS state of the company. It details goals and the companies status. Around 60 million shares were sold that day, into what some may consider a company "pump".
Would your theory be that PBLS is dumping shares during strategically placed PR's?
Airdale
Hey gwikley, UAE's port has to be among the busiest on earth right now and getting more crowded. I hope you are spot on with Red Sea.
I worked in supplying contracters material during college days. Most firms had hard dollar bids with due dates specified. The penalties attached for late work left them less than pleasant to engage.
Pecuniary penalties dramitically change the most mild mannered of souls.
Best to you,
airdale
Tus, with Emaar as partner, you may have a very valid point.
air
Great post wolf. Logistics is the big "if" IMO also. Almost 3/4 of a billion dollars of wood, cement, fixtures, and possibly steel all being shipped by a former local hardware group.
Wood from Canada, cement from Eastern Europe, steel? from ? and hardware/stone etc from everywhere. SLJB is going to need some big time logistics people to make this happen and it will be far harder than the A/F's as it won't end.
It's all going into one of the worlds great ports but that port has more congestion than is imaginable.
SLJB can wrack up all the sales in the world but still has to get the product there in a timely manner.
AIMHO
Airdale
Still wet, 30 millions shares today and we dropped. IF the Hedgies are shorting this sub-penny, they seem awfully serious to push this low.
Wanted a very small bump for description and "pissant" is supposed to be according to Wiktionary:
pissant
1. Insignificant or unimportant
I hope we are both correct.
Good day to you,
Airdale
Ted, I agree with you, in many instances, a naked short would never have to cover. Pinkie firms that don't have the assets to survive can die through NSS dilution.
IMO, on this one, they have sold and are selling to continue to drive the price down. I base this opinion on the large volume and consistant sell pressure.
Again IMO, PBLS has the net income, assets and structure to force a large cover. This will require releasing the share structure and providing audited financials and perhaps a dividend. This would be partially payable by the SS holders. IF they do these, the share price spike of last year will look like a pissant hill.
AIMHO,
Airdale
Today’s UAE/Boeing deal extends further growth in the regional need for airport growth and hence necessary cement for additional concrete product. IMO good for Sulja Bros.
Boeing deal done: http://www.gulf-news.com/business/index.html
Airdale
BOOMING ECONOMY FUELS MASSIVE MIDDLE EAST AIRPORT GROWTH
Airport Build & Supply Exhibition attracts record response as suppliers aim to
capitalise on $40 billion airport developments
Over 400 of the world’s leading airport and aviation suppliers are expected to descend on Dubai in
June 2006 to capitalise on more than US$ 40 billion worth of airport developments currently taking
place across the Middle East on the back of a booming regional economy.
Streamline Marketing Group, organisers of the Airport Build & Supply Exhibition, have announced that
exhibition space sold for the event, now in its sixth year, is already up 30 per cent compared with last
year.
This comes at a time when regional airport growth is accelerating rapidly to cope with the huge
projected increase in commercial air traffic, while record oil prices and booming regional economies
have enabled Middle East governments to allocate billions of dollars for infrastructure development.
“Airbus estimates that Middle East and African airlines will require 1,016 new aircraft, worth US$ 124
billion, over the next 20 years,” said Nick Webb, director of the Streamline Marketing Group. “Regional
airport developments to cater for this increased traffic are estimated at well over US$ 40 billion, with
US$ 20 billion in the UAE alone.
“With an expected budget surplus of US$ 50 billion and a current account surplus of over US$ 100
billion for the six Gulf states alone, spending is set to continue over the long term. Economists have
estimated that there are currently US$ 650 billion worth of active projects in the Gulf, with another US$
650 billion announced but not yet begun.”
Taking place from June 5 – 7, 2006 at Airport
Expo Dubai, the Airport Build & Supply
Exhibition is the only dedicated trade show for
airport construction, operations, technologies
and services in the region and an unmissable
event for airport and aviation suppliers eager to
profit from this major Middle East growth.
The event attracts a targeted audience of regional Civil Aviation departments, government officials,
VIPs and consultants and contractors behind many of the region’s airport development projects. The
2005 edition saw over 40 regional Civil Aviation authorities represented as either visitors or exhibitors.
It has become well established as a major forum for the selection and pre-qualification of suppliers for
airport development schemes not only in the Gulf area but also across the Middle East, Africa, the
Indian Subcontinent and the CIS countries.
The event includes an exclusive programme of seminars giving exhibitors updates on the region’s
most ambitious developments, including the US$ 8.1 billion Jebel Ali International Airport development
in Dubai which will create the region’s first ‘Airport City’.
Among the other major projects attracting the attention of suppliers are the US$ 4.1 billion revamp of
Dubai International Airport, the US$ 6.8 billion expansion of Abu Dhabi International Airport and the
building of the US$ 5.5 billion New Doha International Airport in Qatar.
Other important airport schemes include the US$ 1.5 billion expansion of King Abdul Aziz International
Airport in Jeddah, Saudi Arabia and the new US$ 800 million airport in the UAE emirate of Ajman. In
India a total of US$ 10 billion has been earmarked to construct seven new airports and modernise 30
existing ones.
The Airport Build & Supply Exhibition is held
under the patronage of H.H. Sheikh Ahmed bin
Saeed Al Maktoum, President of the Dubai
Department of Civil Aviation and chairman of
Emirates Group. The event also enjoys the
support of industry leaders including
Netherlands Airport Technology Group (NAT);
German Airport Technology and Equipment
(GATE); British Airports Group (BAG), French
Airport Equipment Association (Proavia), the
Society of Indian Aerospace Technologies &
Industries (SIATI) and British Airport Services
and Equipment Association (BASEA).
Streamline Marketing Group is expecting more than 400 exhibitors - up from 322 in 2005 - and over
4,000 trade visitors. Dedicated pavilions will represent specific countries including Germany, UK, the
Netherlands, France, Canada, Finland, China, Australia and India.
All exhibitors qualify for a private meeting with the Dubai Department of Civil Aviation to discuss Dubai
International Airport’s expansion as well as the new Jebel Ali Airport. They also have pre-arranged
meetings with ‘Hosted Buyers’ representing civil aviation authorities in the Middle East, Africa and
South Asia.
http://www.theairportshow.com/downloads/Airport%202006%20Release%201%2021022006.pdf
UAE among top five aviation markets
Led by Dubai, the UAE has become one of the top five fastest growing air travel
markets in the world, according to the International Air Transport Association
(IATA).
China tops the list with projected passenger traffic growth at 12.5 per cent,
followed by Poland with 11 per cent, Hungary with 9.6 per cent, and the UAE with
9.3 per cent, according to IATA’s latest air traffic projection report covering the
period 2004-08. The Czech Republic, forecast to record 9.1 per cent growth,
rounds off the top five rankings.
Passenger traffic through Dubai International Airport recorded 20 per cent growth
last year, reaching 21.7 million, which is close to the passenger traffic recorded in
China the previous year. Passenger traffic in China was at 21.9 million in 2003,
while the UAE recorded 17.7 million, IATA statistics showed.
The Asia Pacific was the highest growth area in terms of passenger traffic,
topping the list at 19.5 per cent, closely followed by Europe-Middle East routes
which experienced 18.9 per cent growth last year, compared to average
international growth of 11 per cent. These are five-year forecasts for major global
traffic flows combining data from participating IATA airlines and other industry
data sources.
http://www.theairportshow.com/downloads/Press%20Release%20-%20UAE%20among%20Top%205%20Aviation%20mar...
Rkor, love your posts. From todays Gulf News, last paragraph.
Airdale
The construction boom in Dubai has brought an unprecedented demand for wood based products. The value of wood imports increased from Dh1.5 billion in 2004 to Dh1.9 billions in
2005. [i/]
2005.http://www.gulf-news.com/business/Industry/10073337.html
Construction boom sends steel prices up 45.2%- From todays Gulf News.
After the release of the A/F's, I hope our next contract is structural steel as per the Aug 11th PR, "Furthermore we are negotiating a continuous and competitive supplier of structural steel. Another product in short supply in the region."
Airdale
Staff Report
Dubai: Steel prices, especially those for hot rolled plates, jumped by 45.2 per cent in August, according to a report.
"Dubai is affected by the situation in the Middle East and the world. Due to high consumption in the local market, steel prices increased even more sharply," said a report published yesterday by the Dubai Chamber of Commerce and Industry (DCCI). "Steel production in the region increased by 12 per cent in 2005, from 14.2 million metric tonnes in 2004, while on the other hand consumption increased by 37 per cent in 2005 from, 25.3 million tonnes in 2004."
World steel production was affected by high prices for iron ore, which increased by 71.5 per cent in 2005. The product on the world market had an excess supply of 119 million metric tonnes in 2005, and from the supply-demand point of view this should stabilise prices. In contrast prices have increased. For example, the price of hot rolled plates increased by 13.6 per cent from December 2005 to August 2006.
Apart from steel, cement prices increased by 11 per cent in August. For cement Dubai has the highest price increase compared to the Middle East and world markets. Total cement production in 2005 was estimated at 11.2 million tonnes, and consumption was estimated at 12.8 million tonnes.
In the Middle East, cement production totalled 122 million tonnes in 2005, while consumption was estimated at 128 million tonnes.
The region is facing a deficit of 6 million tonnes and this increased the price in the region by 10 per cent.
In 2005, Dubai aluminum imports amounted to Dh2 billion (of which, 50 per cent were raw materials), exports stood at Dh2.4 billion, while re-exports were only Dh226 million, according to the report.
The construction boom in Dubai has brought an unprecedented demand for wood based products. The value of wood imports increased from Dh1.5 billion in 2004 to Dh1.9 billions in
2005. [i/]
2005.http://www.gulf-news.com/business/Industry/10073337.html
Six years a short time, huh. Is time the essential here or is quality.
Purportedly you are in the Arts. A small young fellow named Mozart was composing at six, was that a bad thing?
Six million net in six years. Doesn't sound old and stagnant like some of the lightweight posts you put out.
Airdale
Another reason some don’t want A/F’s to be released.
During Dennis Ammerman’s reign as CEO with LFWK, our SLJB ticker prior to late July, he strongly proclaimed that the Company had purchased a large quantity of shares on the open market. These he said, were Naked Short Shares and he termed their purchase “short seller captured capital”. He also warned that those participating in shorting LFWK, “would bear the full brunt of every available resource” available to Loftworks.
Dr. Patrick Byrne has also fought a very lonely battle as a leading crusader against Naked Short Shares, NSS. Mr. Byrne has provided testimony before Congress, met privately with Congressional members, and created a dedicated website, The Dark Side of the Looking Glass, http://www.businessjive.com/nss/darkside.html He also interviewed on national television with Ron Insana of CNBC in an effort to save his firm from naked shorting. http://www.antandsons.com/therealdeal/overstockpatrickbyrne_032806/
Mark Faulk has highlighted stock market manipulation on his website/blog, The Faulking Truth, http://www.faulkingtruth.com/index.html. He has performed an extremely valuable service to all small investors in providing information concerning the level of corruption in our “free market system”. He as has Dr. Byrne, have valiantly placed their names and research in front of the public for scrutiny.
Ironically, despite the efforts of Dr. Byrne, Mark Faulk and others, SLJB may end up being the lynchpin of the Naked Shorting debate.
No other security, that I am aware of, claiming to have been heavily naked shorted has had a Big Four auditing firm, let alone two, perform an audit. This action can prove conclusively, that far more shares exit than the SEC lists as Outstanding Shares. The PwC/KPMG Audit should prove this as a fact when they compare the quantity of shares held by SLJB with Outstanding Shares currently issued.
This fact alone should place great pressure on the SEC to have their policies “audited” by an equally verifiable source as a KPMG or PwC. This testimony in front of Congressman, Congressional Committee’s, Market Makers and the Hedge Funds of the world would bear tremendous pressure to more closely monitor and police our Securities system to provide equality for all investors.
That “would bear the full brunt of every available resource”, to be short SLJB, when Congress and the entire investment community could investigate your behavior.
AIMHO
Airdale
The emotional roller-coaster that accompanies all Pinks is in full force here. Yesterday with the help of some caring “friends”, many here were convinced that SLJB was a hoax. The majority of posters sentiment had Sulja headed well below sub .10. As the price hung at .10 with moderator trouble, no A/F’s, MAM sucks or is no longer affiliated, Petar didn’t like shareholders etc, etc we bottomed.
Then Bgramer posts one little news story out of Colchester, Michigan naming Kore, Petar, $20 million dollars and a Kronk’s Gym and emotions change 180 degrees. Seeing SLJA info in the Windsor Star and presto chango it’s all real, Petar is amazing, we are headed to $5.00 and the A/F’s are coming soon. Share price goes up today, virtually no bashers and all is well. We sit at the top of the Coaster. Where will we be tomorrow or next week? Perhaps another day without A/F’s and down we go again.
In watching and listening to professional athletes, especially in long grueling seasons like basketball and baseball, they stress not getting too high or too low with wins and losses but keeping their goals in mind. Perhaps Michael Jordan’s greatest asset was his steady demeanor in the face of adversity.
Some of the most knowledgeable pro’s amongst us yesterday preached the same. But patience and confidence often evaporate in Pinkyland with it’s history of lies, distortions, deceptions and memories of monies lost on other tickers.
As I missed and initially watched Sulja after it’s run from .002 to .04, I was amazed at the quantity of communications they put out. How unusual for a Pinkie. Those many PR's caused me to buy prior to LFWK’s merger with SLJB. I lost patience many times and almost sold as the roller-coaster went up and downbut the venerable TREEPEOPLE offered PM’s with encouragement during those trying times and they passed. The merger happened but was much later than stated in several PR’s. However now, instead of the .02-.03 range, we are now in a .10-.13 channel and in much the same situation, waiting for the big news.
I don’t know when the A/F’s are forthcoming but I do know LFWK/SLJB have done all they PR’d in the past and I expect the same in the future. Now, if I can only master a Michael Jordan impression, and not get excited.
AIMHO
Airdale
Understand, I will continue to correspond with him and bring up the Kronk Gym this week.
Best to you,
Airdale
Perhaps that is an angle you could use? I seriously think this story is newsworthy based on a small Michigan firm going global.
Airdale
FrankieJ, I sent the following to the Business Section of the Detroit Free Press today:
Mr. John Gallagher,
A huge story is quietly unfolding in the Detroit area that has worldwide ramifications. A small construction supplies firm named Sulja Brothers of Harrow, Ontario and Detroit is currently preparing to conjoin with large international Real Estate and Construction firms such as Emmar and Wessal International. Sulja Brothers , SLJB, will supply soft lumber from Canada, hardwood from Liberia, cement from Eastern Europe and perhaps structural steel in supplying such projects as the Palm Jumeirah, http://www.thepalm.ae/ in the UAE. Projected gross sales could be billions from a formerly unknown entity.
Perhaps it would be well worth your time in investigating this unfolding story.
Regards,
XXXXX XXXXX
As a local, which I am not, it may be worth your time to reinforce interest by the Detroit Free Press in Sulja Brothers by sending a similar message with completely different text. Squeeky wheel type deal.
Best to you,
Airdale
Prof, being an Israeli does not automatically mean one is Jewish. Here is a link stating 20% of Israels population is "minority" and most likely of Arabic descent.
Airdale
http://216.109.125.130/search/cache?p=Israel+percent+of+arabic+citizens&fr=yfp-t-500&toggle=....
MINORITIES IN ISRAEL
Israel's declaration of independence guarantees that the government will "uphold the full social and political equality of all its citizens without distinction of race, creed and sex." Approximately 20 percent of Israel's population, about one million people, are not Jewish, comprising primarily Arabic-speaking groups.
Muslim Arabs number some 780,000, residing mainly in small towns and villages, over half in northern Israel. Bedouin Arabs belong to 30 tribes and comprise ten percent of Israel's Muslim Arab population. Living primarily in the Negev desert, they are a people struggling between an ancient way of life and the modern world. There are about 160,000 Christian Arabs who live mainly in urban areas; the majority of Christian Arabs are affiliated with the Greek Catholic, Greek Orthodox and Roman Catholic churches.
Some 80,000 Druze live in 22 villages in northern Israel. The Druze religion is not accessible to outsiders and Druze constitute a separate cultural, social and religious Arabic-speaking community. The Druze concept of taqiyya calls for complete loyalty by its adherents to the government of the country in which they reside. As such, among other things, the Druze serve in the Israel Defense Forces.
The Circassians are non-Arab Sunni Muslims who comprise about 3,000 people concentrated in two northern Israeli villages.
In keeping with Israel's democratic principles, the Arab citizens of Israel are afforded all the rights and privileges of Israeli citizenship. When the first elections to the Knesset were held in February 1949, Israeli Arabs were given the right to vote and to be elected. At the time, however, Israel was still in a state of war and threatened by its Arab neighbors and it viewed the Arab population within its borders as a security threat. This led to the imposition of a military government in all areas where Arabs lived from 1948-1966.
Today, Israel's Arab citizens are accorded full civil and political rights, entitled to complete participation in Israeli society. They are active in Israeli social, political and civic life and enjoy representation in Israel's Parliament, foreign service and judicial system. In the 1996 Israeli elections, nine members of Israel's Arab parties were elected to the Knesset.
At the same time, there do exist sizable economic and social gaps in the levels of development between Jewish and Arab societies. Israeli Arabs do face discrimination, not as a result of official policy but in practice. Israeli Jewish employers, for example, have discriminated against Arabs. On a more encouraging note, in recent years, Israeli Arabs have better mobilized themselves to lobby and fight within Israel's democratic system for what is rightfully theirs.
Today, many organizations in Israel and in the United States are working toward improving coexistence among Jews and Arabs inside Israel. Salem Jubran, the co-director of the Jewish-Arab Center for Peace at Givat Haviva, recently reflected on Jewish-Arab coexistence in Israel:
Amazing find Wave, here is one more with Emaar.
Airdale
http://www.einnews.com/israel/newsfeed-red-sea
ISRAEL RED SEA NEWS.
Service for global professionals. Constantly updated news and information about Israel.
# Egyptian Tourism Authority Reports Record Visits to http://www.egypt.travel 3 Oct 2006 19:15 GMT
... NEW YORK, Oct. 3 /PRNewswire/ -- The Egyptian Tourism Authority has today revealed that its ... the Mediterranean to the North, and the Red Sea to the South East, Egypt is a ...
# Emaar seeks $1 billion Islamic loan for projects 3 Oct 2006 14:37 GMT
... roster of projects now spans Saudi Arabia, Egypt, Morocco, Syria, Tunisia, Turkey, Pakistan and India. ... Arabia, India, Egypt, Turkey, Morocco, Bahrain, Syria, Jordan, Pakistan, Lebanon and Tunisia. In Saudi Arabia, ... building a $26 billion development Saudi Arabia's Red Sea coast, the single biggest private investment in ...
The Detroit Free Press is one of America’s great newspapers in substance and circulation.
The Detroit SMSA has one of America’s largest Middle Eastern bred constituencies.
Bgramer through hard work has pulled out a great article detailing a Kore project near Detroit.
Sulja Brothers and Kore International have a presence in the Detroit area so why not combine these four into our own PR?
The business aspect of a small Ontario/Michigan construction supplier selling to and merging with enormous international groups has cache. As a human interest story alone it merits a write up IMO.
A quality writer could bring out more information than most private callers and the public forum could garner far more attention than a Business Wire release, at no cost to the firm(s), ahh, a rise in interest and price.
An email to John Gallagher, Business Writer for the DFP could light the fuse for a greater understanding of the relationships and potential growth of SLJB. Perhaps the following blurb would get his attention:
Mr. Gallagher,
A huge story is quietly unfolding in the Detroit area that has worldwide ramifications. A small construction supplies firm named Sulja Brothers of Harrow, Ontario and Detroit is currently preparing to conjoin with large international Real Estate and Construction firms such as Emmar and Wessal International. Sulja Brothers , SLJB, will supply soft lumber from Canada, hardwood from Liberia, cement from Eastern Europe and perhaps structural steel in supplying such projects as the Palm Jumeirah, http://www.thepalm.ae/ in the UAE. Projected gross sales could be billions from a formerly unknown entity.
Perhaps it would be well worth your time in investigating this unfolding story.
Regards,
XXXXX XXXXX
All in my humble opinion,
Airdale
Perhaps you should do some reading on GAAP Harry. Even lower echelon firms are held to standards based on creating a minimum level of consistency. Since the Enron and Arthur Anderson fiasco, most CPA firms know there are consequences for blatant inaccuracies. I'm sure the prior firm did some "good" work.
AIMHO
Airdale
Creede, how goes it your way? Saw today that your little "jewel" ran last week. Something must finally be up there, still holding, maybe this one is next.
Best to you,
Airdale
Mr. Sasquatch, you really enjoy working these guys over, don't you. Back in the late 30's Joe Louis, the famous heavyweight champion, hosted the "bum of the month" tour for contenders he would knock out in a round or two. Seems you have taken a page from his book the past three or four days.
Much thanks for the entertainment. Your latest victim is certainly getting worked up, eh? You cannot beat comedy of this quality.
Airdale
Based on your constant negative posts, I looked up your history. It looks like you just missed the huge CSHD run from $1.00 to $4.00 by selling on the 25th. Ouch, that has to hurt. Ironically, that is the strategy you are now advising for holders of SLJB? Think I'll pass.
Pretty bodacious to be giving advice after a gaffe like that one.
Airdale
You don't believe the company's statement posted by Rrufff earlier concerning the dispostion of shares, you believe they are lying, correct?
Others believe their PR and I happen to be among this group. With the three large private shareholders, it puts 18 million as legal tradeable shares.
Airdale
Bob, from Investopedia:
Float
What does it Mean? The total number of shares publicly owned and available for trading. The float is calculated by subtracting restricted shares from outstanding shares.
Also known as "free float".
Investopedia Says... For example, a company may have 10 million outstanding shares, but only seven million are trading on the stock market. Therefore, this company's float would be seven million.
Stocks with small floats of less than three million shares tend to be a lot more volatile than others.
http://www.investopedia.com/terms/f/float.asp
Airdale
Scorpio, a FTD, failure to deliver, is creating a share from thin air. When they buy it back, it disappears as if it never existed. They can try to buy them back at once but those holding the shares may want a premium price before selling them, therein lies the danger for a short share seller.
Here is a scenario on short shares:
If you paid $30,000.00 to purchase a car and the dealership “fails to deliver” that car, the Great State of Utah would prosecute the dealership. You, the consumer would almost assuredly end up with your monies returned or a car of equal value. The dealership would probably end up with a grand theft conviction if either the money or the car were not rendered to the buyer. We the consumer are protected.
In the U.S., you can pay $30,000.00 for an Over The Counter (OTC) stock and if the seller of that stock “fails to deliver” those shares to you after a grace period of 5 days, it is illegal. What happens when the law is broken? To date, nothing, no fines, no investigation, no interest by the SEC. You will be put on a list called the SHO and you can review a published list each week that your security is being diluted and your assets drained. If the Brokerage/Bank that sold you the stock doesn’t deliver your shares, they illegally hold your money and earn interest on it, electronically fabricate additional shares and nothing else happens, absolutely nothing. If they don’t ever buy back the short shares and XXYZ is forced to discontinue business perhaps because of the Naked Shorting, they keep your money. What did the Brokerage/Banker do to earn that money, they committed theft. We the consumer have not been protected.
When this Brokerage Firm/Bank electronically creates these bogus shares and holds your money hostage, they also harm the company that issued those shares. If XYZZ company market value of $5.00 per share and has one million outstanding shares, the market value of XYZZ is $5,000,000.00. If however the Brokerage/Banking firms naked short another million shares, doubling the share total to two million, the additional shares probably dilute the price to $2.50. This misrepresents the value of the company by 50% and makes it more difficult for XYZZ to acquire loans, (ironically from the very people that diluted their stock), or be listed on another stock market such as the NASDAQ. Legitimate owners of the stock lose half the value of their share value. Plain and simple, this is electronic theft by the Brokerages/Bankers that commit this act.
Tony Taggart of Morgan Stanley plans a lawsuit in an attempt to continue without fines with these nefarious activities. Fidelity Investments, Bear Stearns and Zions Bank are all very upset with this legislation as it will dilute their profit margins. It looks like a legal battle will ensue as the Brokerages/Bankers will have fines assessed when they fabricate bogus shares and dilute the hard earned money of investors. I hope the Deseret News will continue to follow this story closely and expose this process for what it is, grand theft by the Brokerages/Bankers.
If your car was not delivered, you’d get justice, when your stock is not delivered, why should it be any different? Our legislature doesn’t think it should be, bravo.
All in my humble opinion,
xxxxx xxxxx
Why do you keep going to your mechanic when he's a jerk? When did Petar tell you he's not fond of shareholders or are you getting this second hand? Do you have this informtion documented?
Airdale
This is akin to you taking your car to a certified mechanic for an overhaul. Prior to leaving your vehicle, you get a price quote and an estimated time of completion, say one week. You relay that information to your wife, as she drives that car and you both now share your vehicle.
My, that is inconvenient.
At the end of the week, the mechanic finds your transmission also has some issues and will take an additional week to repair. Your wife may gripe at you, but your credibility hasn't been compromised, your mechanic's has.
Your complaint isn't with SLJB or Petar, as they have virtually no control over the audit, it is with KPMG or PwC or whoever is crunching the numbers.
But I'm sure you are plenty smart enough to realize all of this, right?
AIMHO
Airdale
Everyone should read the SLJB Debate from post 101013 through 101098. It is the funniest exchange I have ever read on this board. Partysasquatch takes on four naysayers and KO's them all. It is lengthy but very extremely informative as to who really knows what is happening here.
It proves that facts and due diligence trump subject changes, innuendo and implication.
Party, you are the man.
AIMHO
Airdale
What a pedantic, assinine, classless post you placed here. Greenspirit works tirelessly with no compensation on IHUB's largest board to provide a non-biased forum based on civility and security related ideas. If you are looking for the anarchy of Raging Bull, it will always welcome you. If not RB show a little class here instead of several lines of irritating boorishness.
Grow up,
Airdale
Nice WhiteSands, you just caused computer problems because of coffee speweage.
Airdale
Why Management will eventually release Outstanding shares and a form 10 or 10K, …money. As ASUS detailed below, there are probably significant expenditures on PBLS Management personnel now. Bonuses, stock incentives, high salaries and freebies such as automobiles. I would find it hard to disagree with his premise as IMO, they are eating through net profits by means of the Preferred Shares. This aspect rightfully should create concern among Common shareholders.
Disagreement with ASUS would come based on Management obtaining a huge return for themselves at some point and the sooner the better. Financially, they get by now and enjoy their current perks but the real incentive they can hold in their hands, but can’t yet spend. That incentive is the same item that is eroding our Net Profits, those Preferred Shares. PBLS is only a vehicle to create wealth for them and I doubt they are getting wealthy on their current setup.
Every firm I have worked in, the motivated Management wanted a “home run” to accompany their salaries and bonuses. If the reality of that “homer” left, so did they for another opportunity. You have to have greedy Managers if they have talent. In reviewing the Management for the past year you see extreme stability and virtually no turnover. They still have sight of the “homer”.
I almost see today’s PR as an opening salvo too not only apprise us “commoner shareholders” of the firm’s status but to start in motion the appreciation of the share price. They will get their bonuses and perks and we may gripe a bit but what they really want is multi-millions and that potential return lies with the price of the stock. I think the price will start heading up.
AIMVHO
Airdale