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Long term holders on this board need to relax. When you have the most popular stock on IHUB, (by a long shot), you are going to attract every kind of trader imaginable, and SLJB has. When claims of 2/3 if a billion in gross sales hit a pinkie, it gets peoples interest up.
This isn't simply a battle between longs and shorts, you have daytraders, flippers, momentum people, all with their methods of making money. Many don't care if the stock rises or drops long term as long as it moves for them short term. Momentum both ways makes many here money. Quit taking things so personnal.
Please notice that Rawnoc is not always belittleing this stock, that is when he's long. Today he unloaded when it rose, probably shorted and now wants more drop, so he's bashing. He'll re-enter when he feels its dropped enough and go back to pumping a bit. He is playing it safe and not commiting, except to SLJB's movement.
He probably PM'ed some of his buddies like Brig88, they dropped by and are working it with him. Notice he has this listed as one of his favorite stocks. Doesn't mean he favors it long or short, he is just working what the system gives him to make money.
Brig88, who is always naturally abrasive, wants to push peoples buttons and call names to get attention and create FUD. He doesn't care about the stock only the movement for an entry point.
We have dozens of people like this who like the stocks movement.
Relax, they are not smarter than you, nor do they know more than you, even though they imply that they do. They just have experiece having done this for years. They are just working the stock. If you have done your DD and feel comfortable with your holdings, relax and enjoy the antics. If not, emulate them or sell and move on. Life is too short to live in panic mode.
Airdale
Here is another Greenspirit and Assistants backer. You do the crime,you do the time. Quit whinning and take your medicine. (need some more cliches they all fit perfectly). You, like the rest of us are not above the rules. You get warned in private several times, still attack other posters and then start crying, classy.
The last thing this board needs is a vigilante group trying usurp control. Take your tantrum in private and quit wasting the boards space and time.
Airdale
Nice choice Mackie. I have a few shares of SLJB but would give them all to the biggest basher on this board for 9 holes with me ole' departed Pappy. Stocks, even this one will come and go, a good relationship with him will never leave you, even when he is gone. I predict a very memorable round for you.
Sacrificing something special always puts emphasis on an event. Oh, I hope he waxes your buns.
Airdale
Perhaps your best post ever Skin, thank you.
Airdale
Janice Shell, is that you?
Airdale
Snips, you have breached the TOS with your repetitive bashing of SLJB's CEO. I hope Greenspirit considers banning you for a period of time.
"no reason to be down 25% on a stupid ceo statement" #82006
"PV should have kept his mouth shut" #81901
"thank god we are holding at this level after our CEO blew it" #82321
Neither Petar nor any other person in SLJB has any control over when AF's will be released, NONE. There is a government mandated separation of Accountancy and Managements ability to control their actions. If you must complain, place your issues with PWC and KPMG, not Petar as he is simply the messenger.
I am sure his intent with this PR was to announce his replacement six months in the future. Issuing a PR about the delay in the AF's and another change in the CEO took courage. There is a huge amount of scrutiny on this stock and these are very touchy subjects.
I like the fact that Management is willing to share that they have some issues. A perfect appearing stock is a scary stock.
AIMHO
Airdale
Completely disagree with your premise on this post.
Look how many reads of posts we had the past several days, triple our normal number. That many reads indicates a large base of flippers entering and looking for an exit. They were waiting for the Audited Finanicials before dumping but exited when the delay was announced.
Notice how much we have dropped off on reads and number of posts by the end of the day, the quick hitters have gone. Were there some panic sells along with the flippers, yes, absolutely but they did not constitute the majority of the sells we've seen. The share price will rise as the end of the week approaches and the quick hitters come back for another run. Many of the shares they held have now been acquired by longer term holders. This pattern will repeat itself many times as the share price escalates.
AIMHO
Airdale
The volatility of a stock reveals posters at their basest level, especially during a good correction. Perfectly civil and positive posters can become venomous toward management and fellow investors. Bashers, who lurk when the stock is running come out to pick the scabs of the tormented and insecure during the drop. It is a great time to analyze those who are co-investors and to determine whose opinions really have any merit.
I left for Reno and the Air Races last week when the stock was .07-.08 and upon return was more than pleasantly surprised to see .15 on the screen. First thought was too far and too fast a rise for such a short time. I think the delay of the AF’s has been very good. It will keep the share price honest as the traders head out for the next mover. The stress of the drop also lets posters clearly define who they really are.
Last nights bashers topic de jour, that of allowing the shareholders to select their next CEO was superb entertainment. It followed their long list of non-issues. We, the small shareholders will have the same opportunity to select the new CEO as we do the Pope, none, so how is that a negative? But, I suppose the chronically negative always need something to carp about.
Also, my guy at PWC in Manhattan has nothing to reveal regarding SLJB as a client. Mum is the word from him.
AIMHO
Airdale
Well over half a million posts read on this board today, indicating an extremely large audience that is very interested in the future of this stock. I hope it is an audience that observes and pays close attention to the agenda's being played out herein.
IMO, one very interesting phenomenon is the amount of people with long IHUB histories who own no SLJB stock and yet frequent this board to place subtle and not so subtle repetitive negative posts. It is completely illogical to be an investor and spend time on something you in which you place no value.
Obviously, there is more here than is being represented by some posters.
In several weeks all who have a sincere interest in SLJB will have a reasonable idea regarding the value of this stock and where it is headed.
I hope many here take the time to remember these posters who are here to "save" others. Remember their agenda's and place an accuate value on any future posts they make.
Airdale
Pigs get feed and HOGS get slaug....lavished with well deserved praise. Excellent set of questions and report on the feedback.
Bookmark here and thank you,
Airdale
Move on Fringe, you've more than made your point that only weak individuals curse. I'm sure you would have been first in line to remove the ineffectual Winston Churchill as Prime Minister, as he was famous for cursing. Your repetitive ad nauseum point has been made. Quit being so “pedantic” and hit the next subject you want to whine about.
Airdale
There is a very old saying, "swears like a sailor". Most people have heard this phrase since childhood. Since you are probably the only soul on the boards that has never heard this, I'll explain.
Certain professions curse enough to earn a reputation as swearers, it is almost inherent. I'll list several for you, sailors, mechanics, and construction folks. Congratulations on finding the few construction sites in the world that abstain.
I let my lovely wife, (who I have never heard curse), read your post and she thanks you for the laugh. I find your clean languge refreshing. Now if we can only get he BS out of your posts.
AIMHO
Airdale
Bad move Bob. Shareholders are extremely nervous and edgy over three CEO's in two days. Read all of todays posts if you don't agree, cannibalism is neigh at this rate.
Todays PR is made to read that shareholder opinion drove out Mr. Khan and you want to add to the Managements "indecisive" appearance by adding more change. If I'm management, I want to project strength at this juncture, not appeasement.
I'm not saying another PR firm may not perform better, but the timing of your request is ludicrous IMVHO.
Airdale
Nowhere does it say we lost the cement contract, nowhere. Here is the language from the PR: "announced the closing of the cement contract in Dubai with Ramada General Contracting in Abu Dhabi, UAE.".
Here is the language from todays CEO STATEMENT: "On a similar note, our clients are being bothered by some of our shareholders. This has become a real problem and I must insist this stop. To date, this has caused one of our larger clients to inform me that they will no longer choose to do business with us." "These people simply wanted to buy our materials and have done nothing to warrant this type of behavior from us."
Ramada is their largest client and it is known to be buying only one material, cement, rather than multiple materials. Once having signed a contract, one does not simply "choose" to discontinue business without cause. I highly doubt the agreement specified afforded "excessive shareholder calls" as a breach component.
The client referenced IMO was native Canadian/American not foreign and doesn't wish to continue buying "materials". Could Steve Sulja's stepping down as CEO have caused a good portion of this clients decision? Stranger things have happened as business is all about relationships.
Despite claims from SLJB Administrators that it is NASDAQ ready in income, revenue and value, the Management showed us Pinksheet value in the CEO debacle of the past two days. We have some growth to gain before being ready for prime time. I would like to suggest an individual versed in letter and languge compostion skills for PR's by either MAM or SULJA. The errors made are of Junior High magnitude.
Thank you Rager for your efforts in trying to maintain sanity on the SLJB board. Your resignation is a huge loss for those of us who seek a "filtered" message board sans pumping, bashing and hostility. You held up admirably despite dozens of ill-mannered posters. Junior High behavior from some to accompany SULJA & MAM.
AIMHO
Airdale
Mr. Ken Lay hid behind a corporate shell also. Where was he before his death?
Airdale
Absolutely not true. He may not be the current CEO but he is very responsible for all information he released when performing duties as CEO for years to come.
AIMHO
AIRDALE
Digital, that first question is rhetorical. The answer lies in the links provided. I completely agree with you.
airdale
Why import cement instead of producing it locally? Here is a blip on the timeframe to construct a cement plant from last October.
UAE: Joint venture construction of planned 3 million ton per year cement plant is scheduled for completion in 2 years, ORASCOM CONSTRUCTION INDUSTRIES (OCI) ] Order #: 108505.
http://goliath.ecnext.com/comsite5/bin/pdinventory.pl?pdlanding=1&referid=2750&item_id=0199-....
Gearing up for more cement from last year.
The UAE cement industry needs more investments
BY MUZAFFAR RIZVI
26 May 2005
http://66.218.69.11/search/cache?p=UAE+cement+costs&sp=1&prssweb=Search&ei=UTF-8&fr=....
Cement exports are banned in Dubai.
[Egypt] & DUBAI HOLDING Dubai construction costs all set to rise[UAE
Dubai had experienced a massive increase in construction costs from May 2004 due to an extraordinary increase in cement prices. In July last year Oman had virtually banned the export of cement. Last May the cement prices had climbed to as high as Dh24 per 50 kg bag from Dh13 in the beginning of the month. Following a settlement between the UAE Contractors' Association and the local cement manufacturers, the prices were brought under control. Subsequently the cement prices were brought down in the range of Dh14-17/50-kg per bag.
Nice business in which to be IMO, especially as a middleman lining up the producer and a supplier and drop shipping.
AIMHO
Airdale
It's always good when a $350 million dollar contract is secondary news to what you really want to hear, a Form 10 release.
I like what I believe the contract represents. Cement is mined in Eastern Europe at very low labor and expense costs and direct shipped to Abu Dhabi. That makes for very low SLJB fixed costs and provides a nice return.
It is very possible the structural steel news we await could dwarf the size of this contract. Steel has equal importance to cement (concrete) in a large multistoried building and costs a lot more to produce, form and ship.
It was very interesting to see naysayers vanish like morning fog prior to the release of news. They are well connected apparently.
AIMHO
Airdale
Placing nearly 40,000 posts on a message board makes you neither infallible in opinion nor judgement, nor does not make you an authority. It does not make your opinion a fact, it makes you experienced in posting and perhaps investing. You are simply a person that sits at a keyboard and uses an alias to hide your real identity and places opinions on message boards, as am I. You have a stated opinion that paid bashers are fictional and do not exist. I accept your opinion as your opinion and still disagree. Your life experience and the interpretation thereof do not translate into facts for others so save your sermons.
If you are able to produce verifiable published documents that in detail state facts proving paid bashers are a fallacy, I would be more inclined to consider your opinion as fact.
I have neither the time nor the inclination to continue this debate as both our opinions are strong towards our existing opinions. I would welcome any empirical information you locate reinforcing your position.
Again, I strongly agree with your statement that individuals in OTC Management frequently attempt to mislead shareholders as a means of pecuniary gain.
My position still holds that people exist who receive consideration, post under aliases, post false and misleading information on internet sites, with the intent to disrupt, misdirect, falsify and discourage sincere investors.
Also, please note that I am not a bagholder in SLJB but have several multiples gain at the current price. This will be the last time I post on this board.
If you are an investor, good luck,
Airdale
OT: This was pointed out by Slojon on an earlier post. It's my bad for posting a bad article. This does not affect the effacy of my entire argument and I'm glad they are prosecuting Kallman as it sullies our industry.
Your premise is still based on "your" experience". No offense, but that isn't very impirical, it's your opinion. More evidence surfaces daily about paid bashing. I will always lean toward believing published information with an identified author over an alias such as yours or mine.
AIMHO
Airdale
Here is a published article posted by Eliaman:
Witness Must Identify Source of Anonymous Web Postings C.A.
Newspaper: Metropolitan News-Enterprise
Publication Date: Wednesday, April 19, 2006
Justices Say Third Party Lacks Standing to Assert First Amendment Challenge
Byline: By KENNETH OFGANG, Staff Writer/Appellate Courts
Body: A third party who refused to answer deposition questions about the identity of persons who allegedly posted defamatory statements on the Internet lacks standing to assert those persons First Amendment rights, the Sixth District Court of Appeal ruled yesterday.
The justices rejected an appeal by Stephen L. Worthington, a hedge fund manager ordered to answer questions about the identities of two persons who allegedly posted disparaging remarks about Matrixx Initiatives, Inc., a pharmaceutical company, in 2003 and 2004.
Phoenix-based Matrixx, which makes and sells the Zicam line of cold and cough remedies, brought suit in Arizona against a number of named and Doe defendants. Matrixx claims the defendants published false and injurious statements on investment Web sites, causing damage to the company s stock prices.
Sophisticated Software
Some of the anonymous postings were made under the names Veritasconari and Gunallenlies. While the posters used sophisticated software to avoid being identified, Gunallenlies neglected to activate the software on one occasion prior to posting a message on Yahoo! Finance, where the poster claimed that an FDA investigation and/or lawsuits were impending over claims that Zicam nasal gel caused a loss of smell.
Matrixx was able to obtain information from Yahoo! tracing Gunallenlies to Worthington s firm, Barbary Coast Capital Management in the San Francisco Bay Area. At his deposition, which was taken in San Francisco, Worthington refused to answer any questions about Veritasconari and Gunallenlies, including whether he was Veritasconari or Gunallenlies.
He did admit knowing Floyd Schneider, a named defendant who had once been a co-defendant of his in a lawsuit, which was settled, in which the defendants were also accused of posting defamatory messages on investment-related message boards.
Argument Rejected
Santa Clara Superior Court Judge James P. Kleinberg ordered Worthington to answer the questions, rejecting his contention that whoever posted the messages had a First Amendment right to do so anonymously.
On appeal, Worthington argued that at a minimum, Matrixx should be required to demonstrate that it has a viable cause of action before it can take discovery with respect to the identities of anonymous posters. Matrixx responded that Worthington lacked standing to assert the First Amendment rights of persons other than himself.
Justice Franklin Elia, writing for the Court of Appeal, agreed with Matrixx, saying it was not required to have raised the standing issue in the trial court.
Elia distinguished cases holding that a party to litigation may, in some circumstances, assert the rights of a non-party, such as when a criminal defendant was allowed to assert that race-based peremptory challenges violate the equal protection rights of potential jurors or when a booksellers group was allowed to litigate whether a state statute violated the First Amendment rights of book buyers.
"Where a third party is brought into the litigation, typically through a discovery order, the anonymous plaintiff or defendant normally steps forward to oppose the disclosure of his or her identity," the justice explains.
Where the court has allowed another entity to oppose discovery of the anonymous party s identity, Elia continued, it was because of a close relationship between the subpoenaed entity and the anonymous person, as when internet service providers have been allowed to contest efforts to force them disclose the identities of customers.
Worthington, by contrast, is not alleging a close relationship, "or, indeed, any relationship" with Veritasconari and Gunallenlies, the justice noted, nor is he alleging that those persons are unable to protect their own interests.
The case is Matrixx Initiatives, Inc. v. Doe, 06 S.O.S. 1967.
=====
I looked at the case online and there have been
three judgements so far against some of the
defendents.
Whoops, thanks SloJon.
Airdale
Nice article Eliaman, thank you. Also, thank you Sand.
Airdale
IRISHBULL, "the paid basher theory is complete BS".
Completely disagree, not every poster on the Internet is pure as snow and has altruistic motives.
People will do anything for money, anything. Some people clean toilets for work, some people get paid "under the table" to avoid taxes, some people are involved in graft and some are paid hitmen. Why is it impossible to believe some people are paid bashers? They exist, period. You've never seen a virus or a black hole, but they exist.
What is so hard to believe there could be unidentified people with alias's sitting behind a computer screens typing lies and distortions for a few bucks? Just look at this board.
You state that companies lie to people and dump shares. Absolutely correct, many do, however, THIS IS NOT A STARTUP and they are not strapped for cash. They also have more to loose than a typical Pinksheet. Their entire family has been involved witht the business and they have built a decades long reputation.
Airdale
37Point9 Announces Establishment of Cash Fund of $10,000 for Each Individual Basher Identified and Turned Over to Legal Representatives of 37Point9
Business Wire, Sept 25, 2002
Business Editors & Health/Medical Writers
SAN DIEGO--(BUSINESS WIRE)--Sept. 25, 2002
Doug Brown, President of 37Point9 (OTCBB:TSPN) announced today a unique program to eliminate bashing and misleading information posted by individuals known as bashers. This program will be totally funded by our Lead Consultant, Bruce Barren.
According to Brown, the program will work in the following manner: For each basher listed below that you turn over to our legal representative through your attorney, you will receive $10,000 when it is totally proven and confirmed that they are a basher, making false or slanderous statements against 37Point9, its officers and directors or Bruce Barren. Your identity will be kept completely confidential and the reward will be paid directly to your legal representative once it can be totally confirmed that the person you have identified is the basher named. Brown further states Bruce Barren totally appreciates the loyalty of our shareholders and desires to show his appreciation and give all posters on Raging Bull a chance to both benefit your Company and rid the Raging Bull Message Board of activities which are totally illegal and of a slanderous nature. The uniqueness of this Program gives you a chance every time you identify and turn in another basher to receive another $10,000 reward.
The below bashers have shown their constant contempt and have determined they can make false accusations, libel whomever they desire and escape being identified, attempting to hide under the First Amendment, forgetting that Slander, along with Violation of Personal Information, is a libelous offense under the law.
All identified bashers, once proven they are that basher, will have their name and identity turned over to the following legal authorities for both criminal and civil prosecution: The FBI, The SEC, The City Attorney -- San Diego, who is conducting an ongoing criminal investigation against Charles Kallmann (Case # M-759390) and under Mr. Barren's just filed Case # GIC795447.
Any basher that turns himself in and assists in the investigation of other bashers will not be prosecuted or sued either under criminal or civil damages. You will receive a reward for each basher you identify. In addition there is a $10,000 reward for identifying any organization or individuals that have hired the bashers.
Below listed are specific screen names or aliases of bashers that we desire identified:
Ondahunt
MFGMagician
The_lone_ranger0
Microcap_Matty
LBJ_n_Aruba
Queens_14 and
runbead
The initiation of this "bounty" program is deemed necessary according to Brown. "We believe, as do many current shareholders, that we are building a company with an insight to the future. To have an onslaught of individuals posting on investment message boards in a manner designed to destroy a company is incomprehensible. We want to know who they are. Through their own admissions, they are not now nor have they ever been shareholders in 37Point9. Their activities are designed to destroy and all to the detriment of the shareholders."
COPYRIGHT 2002 Business Wire
Here is a PR to combat all the “crap” on this board from two days back IMO. FUD created calls not just to the PR firm but the company itself to reassure “investors” that this company is for real.
A very firm you are bothering us, go use the proper channels, you’ll get no more inside information from us than you will from our PR firm.
A strong reminder that by calling them, it simply impedes the progress of daily business flow and contracts being finalized.
With as many agreements as they are working on, it is absolutely essential to pay attention to detail and not have distractions.
This is an excellent PR. We as management are trying to do things right, you investors do the same.
AIMHO
Airdale
Now that is some great unintentional comedy. A post of a German blog on this same page, two guys from Austria show up, say they are on board and you pop up the very next post and ask, "what do we see the rest of the world doesn't?
You need some lessons.
Airdale
Sue, ASUS simply read the questions the way the were actually phrased from boardmembers. The questions were man to man with no third person involved.
Airdale
Vision, here is Engel Voelkers advertisement and the first property developer listed is Emaar. Airdale
http://www.engelvoelkers.com/Dubai/en/service/buying_a_property.htm
http://www.ameinfo.com/37395.html
Third paragraph in this one:
http://216.109.125.130/search/cache?p=Engel+%26+Voelkers+emaar&fr=FP-tab-web-t500&toggle=1&a...
ASUS, the board as a whole and each of us as individuals are indebted to you for your generosity in meeting with Chad and sharing your insights. A heartfelt thank you.
Airdale
Brent, you are way off base IMO with this post. Where would you stand with this pathetic display of posts on your board? There is neither intent to create a healthy dialoge nor content of substance to the majority of the posts for which you are requesting fairness. Immature statements and taunting do not remotely resemble something I thought you would represent, a soft answer. You missed on this one IMO.
Airdale
Rager, no contest, you sweep our floor daily and take out the garbage when necessary. For this thankless task I express thanks.
Nuts should not be runnning this asylum. You stay.
Airdale
Price Waterhouse Coopers/AL-Juraid with a legal stamp on a Red Sea Group document. Very nice find Sir, we should be seeing one of these on SLJB in the next three weeks.
Thanks,
Airdale
I could give a rats behind about being the number one board, I simply want a very successful investment.
Airdale
Bob, excellent post excepting the part where you state that "they pretend like they know SLJB is the real thing". Some people still doubt we landed on the moon almost forty years after. For some, nothing in this world is sacrosanct.
I think every current shareholder is only a certain percent confident in their investment, but none of us know. Spin asks some excellent questions, questions to which every one would like the answers. However, absolute certainty on most of these questions is currently unobtainable through legal methods.
Pinksheet stocks are considered the “wild west” because all the answers are never known. Our mystical Pinky comes with an offshore country, the UAE, has a society somewhat closed to westerners, a “good old boy” business community, Arabic instead of English, geography near half the worlds terrorists and all these juxtaposed with the biggest, most surreal, and beautiful building boom in the world.
Which view is real? Apparently both are very real and this specific investment is black and white, it either exists or it doesn’t.
I know this, it is one thing to have doubts, I believe we all have them. IMO people such as Spin however are working way too hard too simply provide a different perspective, I believe he has no altruistic motives.
We frequently learn the future from looking at the past. SLJB has done everything they have said in every PR. I am not doubt free, but am content to wait for them to deliver on current promises. SLJB will either wither and die or maybe we’re the next moonshot, and everyone will believe.
AIMHO
Airdale
ot: Oreo, sorry to hear that. He has told me there are people still in the organization he was tight with. However, I don't hold much hope of getting anything at this point.
Airdale
Oreodiamonds, my accountant started his career with PWC. He was there for almost five years and worked in NYC I believe in Manhatten. (the Red Hook area)? He has been on his own over five years and hasn't the contacts of several years ago.
After seeing the news release concerning PWC, I called him and asked if he could find any info concerning Sulja as a PWC client. He thought he could but in the two talks I have had with him since then he hasn't gotten any information. I will continue to ask for info the next couple of days and at that point, let it go.
Another person on the board mentioned they had a relative in PWC and I haven't seen anything from them either.
By the way, Al Juraid (sp) is Red Sea Groups accountant in SA and they are a PWC affiliate.
Airdale
And you've really missed the point. A sweetheart deal with another entity when they can create their own supply system and have all the income from many products. They can use that income and Price to Earnings ratio pf the stock market to leverage additional money growth.
No disrespect intended, for you may be a construction pro, but finance at this point in time is beyond
you.
Airdale
How about this:
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 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 it outright? They would have to use much of their own money 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. 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. 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
Brentjanice, red flags on SLJB? Yes, every stock has them. Here are several:
If there is even a hint of terrorist influence or donation within Emaar/Wessal/Red Sea/Consultech, the merger of these groups would have to be dramatically restructured and the share price would evaporate like rain on the Saudi desert.
Information on Wessal, Red Sea Group and Consultech is virtually nil. Of the Middle Eastern partnership, only Emaar and Ahmed Khalil Al-Muslmani is relatively easy to acquire info on.
The current price versus current valuation based on the financials they have provided on their unaudited financials is very askew. It all but yells that something is amiss.
There have been almost 80 million more shares sold at bid, than ask in the past several weeks.
Chad, formerly Chip the new PR guy’s transition from super SLJB board pumper to company representative was not handled well.
Indeed, this could all be a fraud but here are reasons I don’t believe it is:
It does not appear that it is the company diluting the stock unless Steven Sulja is perjuring himself. Pump and dump schemes usually issue and dump shares concurrently into rallies. Even with the dumping the past two weeks those shares are easily being absorbed by someone. Steve Ammerman dumping?
They have since the reverse merger, released news almost daily in Germany, France, the Middle East, Canada and America. They would have no problem convicting everyone from the janitor up on what they have PR’d. No one can release this much bogus information without getting someone’s attention from a represented party such as Price Waterhouse Coopers.
If they are bogus, they are not very smart. Who would be foolish enough to set a time frame for the 10-K release as September 15th or before. He has reiterated the timeframe several times. Smart dumpers always say soon and never set an actual date.
They have used KMPG and PWC’s names in press releases. These firms would distance themselves if things were amiss. Several people with contacts are checking within the firm.
Ahmed Khalil Al-Muslmani, stated, "With input from Middle Eastern contractors and developers, we, meaning Sulja and Wessal. Admittedly I am a huge believer in logic in human behavior. Having said that, why would this billionaire placed high in Bahraini society risk his reputation with a weenie company like LJB, unless it was for real?
SLJB really does have a Canadian export number. I looked it up, as have many others. Al-Muslmani needs the wood, he wants SLJB as his exporter.
Steve Sulja has been in business for 28 years. He has made money and developed a fine reputation. As a successful businessman, why would he risk jail time and infamy for a few more million dollars?
Sarbanes Oxley, is so rigid and risky it has pushed more startup firms into the London and Frankfurt Exchanges than the U.S. in recent months. This is an aberration compared to the last hundred or so years.
Chad, the new PR guy is not afraid to take SLJB into quality firms like Knobias to let them scavenge for any untruths or misstatements.
Have you ever read a bolder statement from a CEO than this? He is either mad or a man with a plan:
“Our takeover of LoftWerks to protect our joint venture interests is the reason we are temporarily on the Pink Sheets. We are clearly not a start-up company, but we are careful about protecting our money invested in a joint venture. 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. Our long term investors know we are worth more and within a year, we will give them one of the greatest short term returns in the stock market."
I can go on but this is long enough and I have things to do. Yes, many of us could be wrong but far more intelligent and connected people than myself have even more info than I have given you.
My basis is less than half the current price so my personal risk is somewhat mitigated. IMVHO I think this is the real deal.
Have a great weekend,
Airdale
Wave, I believe we both feel that much larger entities will push this to far greater heights. Those puked shares sure are being absorbed even now. News of sLJB is spreaking, people in the industry know this is potentially huge. With the release of the 10 and verification, goodbye.
Airdale