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How do you know that? Show us some facts.
The truth as I now see it; many good people trusted PV and the information he was feeding them through PR’s, the blog, private phone calls, etc., He deliberately keeps deceiving people by his actions. Many common people are invested here with hopes of making some return on their investments, hurting these people is totally inexcusable. If you believe in a higher power, things will even out in the end. I luckily could afford to risk my entire investment and continue my life unchanged, many here will not be that lucky and that is the sad reality. Giving unsubstantiated hope to other investors is a poor decision at this time. Please use facts in your posting or define them as pure speculation.
There is absolutely no excuse for this kind of behavior from a CEO; it really makes you wonder about a company who would put him in charge. Promised AF’s promised updates posting late at night on a web site that has never been finished. After this episode I am becoming more convinced this must be a scam, am I wrong?
Thanks for that post, it needed to be said. :)
We appreciate your view of things, however if I may ask; why don't you tell the rest of us the information you seem to know? It's one thing to know something positive is about to occur and an entirely different thing to pump or put positive spin on something that doesn't deserve it. TIA
Selling has slowed and pps moving back up, his news needs to be good or this will never recover IMO. ASk .031/e
Stock, today will either seal the deal with longs or everyone will head for the door, I'm still deciding if I should hold for news.
Looks like it's going to bounce back some.
Do you guys think Petar will meet the deadline with today's post to the web site? I didn't think he would ever miss the deadline on the 15th.
It's not being late, it's being late on 3 firm dates or is it 4 now?
NEWS
/ CORRECTION - Phoenix Associates Land Syndicate
via COMTEX
November 17, 2006
MADISONVILLE, LA, Nov 17, 2006 (MARKET WIRE via COMTEX News Network) --
In the news release, "Phoenix's Best Jets and Merex, Inc. in International Teaming Agreement," issued 10/30/06 by Phoenix Associates Land Syndicate (PINKSHEETS: PBLS), we have been advised by the company to replace the original release with this revision. Complete corrected text follows.
Phoenix's Best Jets and Merex, Inc. in International Teaming Agreement
Merex in Teaming Agreement With Best Jets Engines to Be Its J-85 Engine Repair and Support Shop; About Forty International Militaries Are Users of Northrop T-38 Trainers and/or Northrop F-5 Fighter Jets With J-85 Series Engines
MADISONVILLE, LA -- October 30, 2006 -- Phoenix Associates Land Syndicate (Phoenix) (PINKSHEETS: PBLS) today announced a Teaming Agreement between Merex, Inc., of Camarillo, CA, and Best Jets Engines, Inc., a subsidiary of Phoenix, with Best Jets to provide a full range of repair, refurbishment and support services for J-85 turbo jet engines that are in active use by about forty international military clients of Merex.
Under this agreement, Best Jets is to perform J-85 turbo jet engine work that Merex's international military clients may require. Merex has been serving these international clients for more than twenty years.
By way of background, the Northrop F-5 series aircraft and the J-85 series engines are one of the most prolific trainers/fighters/engines ever manufactured in the United States. Today, 40 years after the first F-5 was manufactured, more than 1500 F-5/T-38 aircraft and over 5,000 J-85 engines are still operational in 40 countries. Upgrades to the airframes and engines are expected to keep the majority of these aircraft operational to the year 2020 and beyond.
About Merex, Inc.
Merex is a premier international logistics company providing support services to over 35 countries worldwide. Merex was established in 1982, is headquartered in Southern California and maintains marketing representations in South America, Europe, Middle/Far East, and Africa.
Merex's extensive experience and knowledge as a major exporter ensures prompt delivery of parts it contracts. The company works closely with the U.S. State Department (Munitions Control Reg. No. 0905-2630), the Commerce Department, and the Defense Security Assistance Agency to coordinate the needs of all its customers. Merex is approved by the DSSA to provide support services to countries utilizing FMS credit grants. http://www.merexinc.com/index.html
About Phoenix Associates Land Syndicate (PBLS)
Phoenix Associates Land Syndicate (PBLS) is a public holding company, with thousands of stockholders, that has purchased motivated companies in order to enhance its assets and income basis. Since 1978, PBLS has developed assets and/or interests in aviation, sand & gravel, soil products, land development, oil and natural gas, commodity brokering, plumbing, trucking, contract hauling, construction, swimming pool construction and construction related industries. For more information, visit www.pbls.biz
Forward-Looking Statements
This press release contains statements that are "forward-looking" and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. Generally, the words "expect," "intend," "estimate," "will" and similar expressions identify forward-looking statements. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Statements in this press release regarding the Company's business or proposed business, which are not historical facts, are "forward-looking" statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.
For More Information Contact: Mike Mulshine Osprey Partners (732) 292-0982 osprey57@optonline.net
SOURCE: Phoenix Associates Land Syndicate
mailto:osprey57@optonline.net
Copyright 2006 Market Wire, All rights reserved.
Thank you for that post, however I'm not convinced the audited financials exist. Make him a deal, have the auditor issue a statement that the audits have been completed. That should help hold off the critics until he can release them.
Sure is, elevated to a level of incompetence...
I am wondering if we have any middle eastern investors at this point.
I think they can only get him for knowingly releasing false information, probably hard to prove. Don't forget the disclaimers at the bottom of every PR.
You bet, why doesn't he release the Af's and put the Star in it's place? It's a very easy fix in my opinion, but what do I know.
Thanks for that post, I know most everyone on this board wishes you the best. Your post have always been honest and well thought out. All of us who held shares through today know what you are feeling at this time. GLTY
Petar, Petar....So many promises without action
9/13/2006
"The company financial audit is nearing completion. We anticipate having the audit stamped this week. Early next week the completed audit will be available for shareholders to view at www.suljabros.com. I
9/18/2006
A new CEO statement was to be updated on www.suljabros.com this morning; unfortunately due to unforeseeable circumstances, CEO Petar Vucicevich's statement will be delayed, until later on this evening.
9/25/2006
Sulja Bros. today announced that there will be a slight delay in posting the audited financials as stated in previous press release in order to conform with proper accounting practices.
10/21/06
• Petar says:
I will be announcing some completed deals very shortly.
Comment by Petar
October 21st, 2006 @ 8:58 pm
• Davecast says:
Hello Petar,
How do you find time to spend with us, surely time is at a pemium for you. We do appreciate the effort you have put into satisfying our appetite for information. We look forward to a great Monday.
Comment by Davecast
October 21st, 2006 @ 8:58 pm
• Petar says:
I wish I had more time to spend with all of you. Unfortunately, however, I do have a job to do. I am hoping that late Monday I will be able to post what everybody is waiting for. There is nothing that would make me happier.
I should really have our people clean up this site again. Either that or I just don’t know how to work it too well.
Comment by Petar
October 21st, 2006 @ 9:02 pm
• Angela says:
Hi, Petar
Is Marquee still the IR firm representing Sulja?
Thanks
Angela
Comment by Angela
October 21st, 2006 @ 9:02 pm
Petar says:
Hey Angela. It was nice to have finally met you.
Marquee has done a wonderful job representing our firm in the past. I believe that every firm and its board should be directly responsible to the shareholders. This is why I have made the decision to handle IR in house. Marquee did the best they could with the information they were provided, however, at this time it will be my staff and I who will be handling IR.
I would like to that thank the people of Marquee for all the hard work and taking a few on the chin for me.
Comment by Petar
October 21st, 2006 @ 9:09 pm
• papajohns says:
Is it fair to assume that there are minimal issues in the audit regd your 2006 financial statements?
Comment by papajohns
October 21st, 2006 @ 9:08 pm
• Petar says:
This audit touches very little on the 2006 year. Our year end was May 31 in the past but has been changed to Dec. 31 now.
Comment by Petar
October 21st, 2006 @ 9:11 pm
• sue says:
Good evening Petar, I trust you are feeling better, I was just wondering if you have completed that purchase of the lumber mills. I believe you said there were two mills, one in BC and the other in Seattle/Seattle area?
Comment by sue
October 21st, 2006 @ 9:10 pm
Petar says:
The company who owns the mill has reconsidered the original sale price since a resolution has been reached on softwood lumber tariffs. We are now forced to revisit the project and see if the higher cost still works.
Comment by Petar
October 21st, 2006 @ 9:15 pm
• Jerry says:
Petar, Thank you very much for your update, we all know how busy you must be, and to find a little time for us means a lot. Keep up the good work. Jerry Long on SLJB
Comment by Jerry
October 21st, 2006 @ 9:15 pm
• Petar says:
I’m sorry…my answers seem so rude and short. Under meds tonight: don’t want to appear rude.
Comment by Petar
October 21st, 2006 @ 9:17 pm
• sue says:
There are many investors who post here as well as the IHUB board. I know many of them would like to have the opportunity to meet and speak to you on a face to face basis. Have you considered a stockholder meeting, perhaps in windsor. I believe thay have at least one very large hotel which would be capable of a large group of people.
Comment by sue
October 21st, 2006 @ 9:16 pm
• Petar says:
Nothing but room in Windsor. Everybody is welcome to visit. I am sure the tourism bureau will love it.
Comment by Petar
October 21st, 2006 @ 9:19 pm
Petar says:
I would really rather have it somewhere warm.
Comment by Petar
October 21st, 2006 @ 9:20 pm
• spaceheater says:
So you’re saying that this audit will encompass the period up through May 31, 2006? Will it also be for three years to satisfy a requirement for listing on DIFX?
Comment by spaceheater
October 21st, 2006 @ 9:20 pm
• Petar says:
Spaceheater….that is what I am saying. One year. May 05- May 06. I have promised nothing else and that is what I am posting next week. I want that to very clear to all.
Comment by Petar
October 21st, 2006 @ 9:24 pm
• Jerry says:
Petar, That wasn’t a signed deal on the purchase of the mill. Now can we loose that deal? Thanks Jerry.
Comment by Jerry
October 21st, 2006 @ 9:20 pm
• Petar says:
It was a signed deal with stipulations, one of which was the return of funds to the Canadian mill by the US government. We would retain those funds under the original agreement. Their lawyers seem to have a different interpretation of this matter.
Comment by Petar
October 21st, 2006 @ 9:27 pm
papajohns says:
Petar,
So I guess the year 2005 is from June 2005 - may 2006?
If so, is the audit with minimal issues or are there any major restatements? Apologize if this question seems persistent.
Comment by papajohns
October 21st, 2006 @ 9:24 pm
• Petar says:
Well papa….I really don’t want to answer too many questions about the audit @ this time (and yes your dates are correct). I’m sure I will be doing enough of that shortly.
Comment by Petar
October 21st, 2006 @ 9:30 pm
• fdjr13 says:
Can you answer anything about the DIFX listing?? Will you try to get listed and when?
Comment by fdjr13
October 21st, 2006 @ 9:28 pm
• Petar says:
fdjr13: As we speak our people are looking into that matter. I have nothing to report at this time.
Comment by Petar
October 21st, 2006 @ 9:33 pm
• abbam says:
Also, are you going to supply the materials for construction of the world trade center ?
Comment by abbam
October 21st, 2006 @ 9:32 pm
Petar says:
abbam: We were not formally invited to do so and I am not certain that any contracts at that level have been awarded. A project that large so far from our North American Locations really doesn’t make sense.
Comment by Petar
October 21st, 2006 @ 9:35 pm
• mksdaddy1 says:
I was hoping the tariff refund was coming our way but I can see why the are balking (not laughing). Maybe split it with them and move on???
Comment by mksdaddy1
October 21st, 2006 @ 9:34 pm
• Petar says:
mksdaddy: That’s the way I negotiated the deal. Obviously nobody thought the refunds would be coming so soon.
Comment by Petar
October 21st, 2006 @ 9:37 pm
• Jerry says:
Petar, is the 350 mm concrete deal, a done deal for us. Thank You.
Comment by Jerry
October 21st, 2006 @ 9:37 pm
• Petar says:
Hi Jerry: Over the past couple of months we have managed to put together new concrete deals locating suppliers in Polland and Buyers throughout the ME region. I just signed on Wednesday one deal for $98,000,000.00 and there is more to come. Awaiting banking docs. from buyer.
Comment by Petar
October 21st, 2006 @ 9:42 pm
mksdaddy1 says:
You the man! (lumber mill deal)
But the cement deal? That wasn’t lost with the phone call issue? You got a lot of investers waiting for that answer. You got the $4 they way we figure without it. How about a bone?
Comment by mksdaddy1
October 21st, 2006 @ 9:40 pm
• Petar says:
First deal was lost daddy. Simply went to find more. That is why you guys are paying me right?
Comment by Petar
October 21st, 2006 @ 9:44 pm
• fdjr13 says:
Petar…Last one from me..How long before AF’s are filed on EDGAR???
Frank
Comment by fdjr13
October 21st, 2006 @ 9:43 pm
• Petar says:
Fdjr13: As soon as they recieve them….same time I post here. Very soon I hope since they are actually in hand. Would be nice to turn the page wouldn’t it?
Comment by Petar
October 21st, 2006 @ 9:46 pm
• mksdaddy1 says:
By the by, if we voted, I would vote to purchase the cement factory. We/you’ll need it later anyway! Go for it! I’m here for years not months!
Comment by mksdaddy1
October 21st, 2006 @ 9:44 pm
• Petar says:
I promise you daddy…A purchase this large….I would love to share some of the responsibility with all of you. (voting on it)
Comment by Petar
October 21st, 2006 @ 9:48 pm
• papajohns says:
Petar,
Not that you need to be told, but isn’t details on new contracts confidential information? Or is it OK because this website blog is considered ‘public’ space?
Comment by papajohns
October 21st, 2006 @ 9:47 pm
• Petar says:
I am CEO sharing with my shareholders info. on completed deals. I see nothing “insider” about it. For all I know you are not investors or are twelve years old. (But I will ask the lawyers thanks. Don’t feel like spending time with Martha during Xmas)
Comment by Petar
October 21st, 2006 @ 9:51 pm
• cactus says:
Petar–Could you please give an approximate cost of the audit procedure that we just completed?
Comment by cactus
October 21st, 2006 @ 9:50 pm
Petar says:
cactus: I am truly sorry but I simply could not answer that question with any certainty. I am sure it wasn’t cheap.
Comment by Petar
October 21st, 2006 @ 9:53 pm
• Angela says:
Lets have the party in Fort Lauderdale!
Comment by Angela
October 21st, 2006 @ 9:51 pm
• Petar says:
Vagas
Comment by Petar
October 21st, 2006 @ 9:54 pm
• Petar says:
Thank you all very much again. I am not feeling well and really need to catch up on my sleep. I will be back soon and I promise I will answer some of the questions in the forum (once someone could explain to me why I can’t reply).
Thank you again and good night.
Comment by Petar
October 21st, 2006 @ 9:57 pm
10/ 25/2006
Today announces that the Board of Directors have received the financials and reviewed them over the weekend. The financials have not been made public because there were some issues with the wording because of problems in translation. CEO Vucicevich stated today, "Due to the end of Ramadan and the celebration of Eid this week, we have not been able to make necessary changes with our auditors in the Middle East. Releasing the financials without giving them prior notice and making the changes would not be a good idea. I would like to state again, that we are in possession of the financials at the moment, but we do need to make these changes before we release them.
11/3/2006
today announced that the Board of Directors has completed the in-house review of their financial audit, and they have set a "date-certain" to release the information. CEO Petar Vucicevich stated today, "We have collectively agreed that on November 15, the audit will be posted for public inspection on www.suljabros.com.
11/8/2006
CEO Petar Vucicevich reiterated today that the anticipated release date of the audited financial report for SLJB was in fact correct, and that the company and its management are still confident in the 11-15-2006 deadline to publish the report on their website, www.suljabros.com.
11/16/06
Please be advised that the financials which were promised on November 15 2006 will be
posted shortly. We have experience a slight unforeseeable delay. This delay will be
address by 4am EST and the financials will be posted at that time or shortly after.
A new CEO statement will be posted early on November 16 2006 explaining the delay
and matters concerning the financials. It is our intention to post this statement prior to
posting the financials.
We sincerely apologize if this has caused any problems to our shareholders; it is clearly
not our intention to do so.
Thank you all for your patience, understanding, and continued support.
Petar Vucicevich
11/16/2006
Finally, we released information recently regarding our audited financials and their availability to the public viewing. We missed the deadline... due in part to the necessity of handling negative accusations such as the one I speak to now. As soon as is practicably foreseeable, we will release the financial documents for all to see, as promised. For we have nothing to hide, as always. And we have no desire to hide "all of that nothing."
I agree, like many have said, the SP could have been above a dollar if the company played it correctly.
Probably in Al Gore's lock box. lol
LMFAO, Good one.
I don't believe anyone ever got proof the AF's were done, The only thing I know for sure is Sulja exists.
A learning experience for many I'm sure. glty
Insiders, yes they probably did, I don't know of any other than Chippy.
The only choice we have at this time. GLTY
I agree, I'm not throwing any investors under the bus at this time. GLTY
PS; love this line; Petar Vucicevich and Steve Sulja got some splainin to do. LOL
I have no reason to believe the big shareholders had any knowledge of the AF delay in advance, Party always seemed like a decent guy and I remember his posts from other boards months before this.
I guess it's dumb of me to expect anything since we have all been played to this point. GLTY
Not sure what to think of the Party connection, it would be nice for him to let us know, he claimed ownership of 40 million shares, many stayed with it because of him. I wish him luck. glty
Agree Sulja and Sam's are real, a big difference from the ME connections, deals and audits boasted about in the Pr's. They must come clean to gain respect of the shareholders. GLTY
I wish you the best.
I would love to know where all of our all knowing big holding longs are tonight, I would think they might take the time to discuss the events of the last 24hrs with fellow bagholders, sorry did I type that I meant shareholders.
Cleaning up the web is what everyone has been asking him to do for weeks now.....and now it's a conspiracy ?? LOL !
I can't believe you are really saying that, let's get real, too many missed opportunities to post the AF's, it leads me and countless others to believe there are no AF's. I hope someone can prove us wrong.
Thanks very much for the links, let's hope we get some sun. GLTY
Looks like he may be good at cement deals, but a CEO, give me a break, he can't spell any better than I can. lol
Thanks, I noticed that, I was just told it was a fake./e
How do you know this? We don't even know they were done, show us some proof. Words won't do anymore, time to show the goods and stop pumping. I got burned like everyone else.
And since the AFs will come out and legitimize SLJB
This article was the only reason I held shares today, anyone know any more about it?
http://today.reuters.com/news/articleinvesting.aspx?type=bondsNews&storyID=2006-11-16T123727Z_01....
Taylor Investments:
SLJB audit delay linked to a possible buyout? According to Reuter’s news source Emaar obtains CitiGroup $1 BILLION dollar financing for property and building expansion abroad.
Emaar already bought John Laing homes in California and needs building supplies to furnish its growth, and of particular interest is its US growth through newly acquired John Laing Home Builders a large California based builder. As a back door entry play, investors are buying up shares of Sulja Bros Building Supplies which has been a supplier for Emaar Properties construction projects and other projects in the middle east. The versatility of SLJB is its ability to supply both the US and Middle East with building supplies due to its strategic locations and in-place supply arrangemenets with countries around the world.
Investors in Sulja Bros Building Supplies (SLJB)PK are contemplating two things: A possible buyout at a premium by Emaar and a delay in stamped audited results from internationally known KPMG and Price Waterhouse auditors.
Sulja already posted and announced its in-house auditor’s results for year end 2006 which was in May 2006 as being net earnings (pre-tax) of over $26 million dollars or .052 cents per share. The stock is currently trading at only a multiple of around 2x those earnings until the KPMG stamp is announced and more is known about the buyout possibility by Emaar.
Reuters news source report dated today 11/16/06:
UAE news source report 11/16/06:
Show us the proof for Consultech, Kore or Emar being involved with SLJB. I want to believe the way you do.