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It's not rocket science, too bad so many try to make it look that way. JMHO GLTA
Not trying to justify anything. Certainly some things were mis-represented by the company and as stated I do not dispute that. However IMHO not enough to warrant dumping every share for a rediculously heavy loss due to fear of the unknown, to me that is simply not an option on any stock I play. Again, IMHO the company will recover after the hearings are over... they will survive this and move on--- at least back up to levels where those who bought in the teens will recoup, and those of us who bought at these lower levels (either now or last time around) will profit. Simply have to hold on.. If deals and AF's do come thru before or after the hearings, then IMHO profits will be made by all who held thru the drop, and all who currently hold. Best thing to do is your own DD, don't listen to what others say.(works for me!) Again, sorry for your loss. JMHO GLTA
If you didn't sell on the drop (which was of epic proportions and could not be done by the company itself IMO) you would have a much different attitude I believe. Sorry for those who sold out for a loss due to that fear, but surely you only can blame yourselves for pulling the trigger when you did. A loss is a loss only if you sell for a loss, or if the company goes bankrupt. Period. The sharks love it when you sell for virtually nothing too, they will make a ton of money on your shares later on when the price goes back up. And IMHO it will.
IMO the company is not the only ones at fault here. JMHO GLTA
Some thoughts:
SLJB has indeed "mis-stated" on more than a few occasions, and are currently in some hot water due to it. Few here are denying that fact. Big question is, did they do so to simply take the money and run, or to better the entire company as a whole? Fact is, NO-ONE KNOWS YET, and everything else here is simply speculation until the hearing is finalized. IF this was in fact a simple pump and dump, I would think they would have been long gone by now,JMHO. But they are standing defiantly in front of the eagle talons, just like the field mouse that defiantly flips the eagle off that is coming in to grab him, lol. So another question arises--why? If they have the monies stashed in some offshore account, they could simply bail and live happily ever after on some remote island out of our jurisdiction---until one of the investors tracks them down and disposes of them, that is...;-p
I do not for a second believe that everything is "cut and dried" here in this case. No-one is running away..the company is open daily, and it seems they are cooperating with both the SEC and OSC---otherwise there is no doubt in my mind that they would've been shut down here in the States. Yes they may have to pay some fines, and possibly some may in fact have to do some jail time....but I also think there are others outside of the company who have manipulated this stock to a much higher degree for their own benefits, and we will see more of this come to light in the future..make no mistake about that.
As stated, everything is nothing more than a bunch of speculation at this point. The 23rd will be the beginning of true transparency, and I think that fact alone is why we are seeing the emergence of a rejuvenated bash crew. IMHO this stock will recover---fines will be paid, possible jail time for some too, but the company itself will remain intact and the AF's, along with many of the deals that were in fact being worked upon these past months, will be revealed.
THAT is when it is going to get very interesting, and is why I continue to hold. JMHO GLTA
Hmmm..... NO-ONE bashes a stock 24/7 for the sake of "helping to guide the lost newbies", and/or "just having fun". I have little doubt about that. I and other average Joe investors are ONLY here because we are invested, otherwise we wouldn't waste our time...especially day in, day out. Exactly like everyone does on stocks they sell and move away from, you never see those folks again, right? So the question is, how do you make money by being here without being invested in this stock?
That answer is blatantly obvious, IMHO, even to the inexperienced. If the newbies need to be taught anything here, IMO it is about how to learn to trust no-one and to do their OWN DD, and also all about how easily stocks can be manipulated at these levels by well-organized "cluster choreography". JMHO GLTA
Scorpio, you've done your homework. Very well done, IMHO. GLTA
There is only two reasons why:
1) They are paid to be here.
or,
2) They are heavily invested---over their heads, fanatical type stuff.
Other than that, there is no logical reason to be here all of the time IMO.
Seeing as many who post 24/7 have already stated that they do not currently hold a position in SLJB, well it's blatantly obvious as to why they are here. JMHO, GLTA
Fish nice to see you once again posting here, albeit under poor circumstances with regards to your invesment decisions and taken losses. I am truly sorry to hear of them. In fact I look around and see only a few of us "originals" left who still believe (just as you once did) that this would/will be a very profitable venture...and I cannot help but wonder how some will take it if it doesn't totally fail like so many who have sold think/hope/wish for that it will? I'll admit it was mighty scary watching the PPS plummet almost into the abyss during the "big drop", but again after all of this time that has passed since then and not seeing this stock ever being shut down completely gives me every reason to believe it will recover the longer we hold, and quite possibly even prosper as well, given time. Certainly mistakes (or perhaps even intents, that of course remains to be seen) were made and I have no doubt about that, but I simply do not feel it is enough to fatally skewer the company stock and it's investors for more than a few months while resolution/rectification is found.(JMO) Once those things are corrected, I strongly believe things will flow much more smoothly and a much "cleaner" (for lack of a better term)stock will prevail. Alot is hinging on the 23rd and any successive hearing dates as to what type of future we will see of course, but I am very optimistic. It has been a ride of epic proportions no question, and it isn't over yet.....gotta see it through....
Good luck my friend on all of your future endeavors. JMHO GLTA
Terrible advice according to who? You? LOL. That's the pot calling the kettle black don't you think? haha. First off, you do not know me, and from what I gather that's more than likely a good thing. Secondly, I have made a very comfortable living off of my investment philosophies... but thanks anyway for the attempt at a brow-beat, lol. While they may not work for everyone, (and I'm not saying anyone should use them but rather should make their own decisions) they certainly work for me. Thirdly, I cannot believe I spent 3 minutes of my life answering this post. JMHO GLTA
Hope and Faith will both go a long ways.......yep.
In fact they're my favorite strippers in Atlanta! lol
Forgive me, it was too good to pass up....;-P
More speculation. One could counter that by saying that it was possibly Ramada who wouldn't or couldn't follow thru...
Speculation opens up too many possibilities. Better to trust your OWN DD, and PERTINENT, FACTUAL DATA.
And to that, again, the stock has not been halted. They have IMO made some mistakes, some they may have to pay for too, but they are still in business and making money every day, and are taking steps to rectify any mistakes made. To me, that means one thing----$$$$. Thus I hold. JMHO GLTA
And you as well!
One interesting thing is that there were in fact multiple discussions going on during the time in the UAE, and not just with Ramada. Whether or not SLJB/Petar/whomever jumped the gun or not, the fact that sticks out to me as a shareholder is the fact that they are indeed motivated and are actually and actively trying to land these contracts in the UAE! Being in the construction field for numerous years myself, I know of the ins and outs of landing deals, and contacts can be made one day and broken on the next with no more than a phonecall or e-mail, especially when you are working with an entirely different culture as in the UAE. These things happen all too frequently. I'm not condoning the fact that SLJB may have indeed posted prematurely, and in fact should have immediately posted a retraction when and if they knew the deal was not sound... sure they owe for that along with any other blunders made. Overwhelming and blatant fact here however is that WE do NOT know what is fact and what is not at this time, no matter how much we speculate. I once again find it VERY interesting that SLJB did in fact have communications with Ramada and deals were in fact discussed. I do believe this will all come to light soon and I personally don't think it is going to be anywhere near as bad as some are trying to paint. JMHO GLTA
Coach, that will gain you nothing. Trust me on that. In fact it may cost you more... The lawyers will eat everything, it's what they do, whether you win or lose.
I don't understand how everyone is whining that it is all SLJB's fault that THEY SOLD anyway-- After all, THEY made their choice to do so....I haven't sold, therefore haven't lost one freaking dime yet! Paper means little ya know... For some reason after doing alot of MY OWN DD, I think tons of "interesting" info will soon become available and Sulja will walk away from this virtually unscathed, otherwise we would've seen this halted by now, no question.. AND, I believe that the PPS will also recover and GAIN eventually, thus I hold. Those who bailed at the lowest possible point because they got scared have no-one to blame but themselves I'm sorry to say, regardless of whether SLJB is found guilty of anything or not. To sell at the lowest point of a drop is simply not smart business sense IMHO, and especially so when the only info you have is that coming directly from those who will best benefit from you dumping those shares at that given point, and none from the company itself due to lawyers gagging them. There are many here who are trying to manipulate the "regular Joe" shareholders on a daily basis, dunno where the hell they all find time to post 24/7, I sure can't....hmmmmm.....
Personally I think there are simply far too many weak people trying to get rich quick down here in backstab land and the pickings have been pretty easy for the organized fleecers----unfortunately that will IMO soon also come to a stop now that the governments' eyes are obviously opened to the fleecing. Gonna be a pain for those organizations now, because they will have to play on a level field just like everyone else, and they hate that. So do the people that work for them on commission. Like i said, it will become interesting, no doubt.
Sorry for your loss Coach, but a civil suit will not get your money back, tho it may make you feel better to spend a bit more to let everyone know you are irate. Tips for the future-- NEVER sell for a loss---also,if you want guaranteed money, play with mutual funds and/or stay on the big boards as it is safer...if you feel real lucky and daring, buy a powerball ticket--- IMHO it is much safer than playing pink sheet stocks! GLTA JMHO.
There is really only one thing you CAN trust in this game, and especially so at this level and/or playing with this pinky stock or any like it---and that is YOUR OWN DD. Period. Everything else is just one big ol dark and deceiving business, IMO. Thankfully more peoples' eyes are being opened each day to that fact tho, and more steps are also being taken to rid ourselves of the cockroaches that thrive on the fleecing of average Joe investors. I personally think you'll see alot more indictments being handed down in the future due to the increased pressure to "clean-up" the markets, and SLJB will IMO be one stock that will produce a very colorful "cast of characters" that all knowingly had a hand in it's manipulation, and the fleecing of it's stockholders. And I'm not talking about those directly employed by, or related to, the company itself either---this goes far deeper than that, do some deep DD and make your own decisions, rather than spending every waking minute listening to the banter here and on other boards.... March 23rd will IMO be the start of true transparency, but it certainly will not be the end of this soap opera, no, not by any means.... JMHO GLTA
This just all keeps getting better by the minute..daytime soaps have nothing on this!.LOL
Excellent post, and I believe you are correct. I am still holding long, and will ride it out, but many sold on the drop and fear of the unknown. This is unfortunate but was their own decision. I too may lose big in the end, but it needs to play out to that end before anyone will know for SURE what that ending will be. Pinky stocks are a gamble to begin with, so I for one will hold and "spin the wheel". JMO GLTA
Just when you thought it was over.....
Can you spell "RESURRECTION"? Sure you can...LOL
Ditto both of you. Not dead yet.
Thank-you Arni, much appreciated. GLTY also.
I am not trying to "spin" anything. Certainly not to the extent that some of the bashers here are anyway. Make no mistake I have no dog in the race either other than having alot of money invested. Cannot say the same about others here unfortunately.
Again, we can banter back and forth all day on this subject but quite honestly I have little time for it, maybe an hour or two a week total to think and reply, unlike others who spend every waking minute here dreaming up new ways to attack.
So...
Bottom line: Believe what you want to, and I will do the same. I've done my own DD (with help from others) for many months now and firmly believe the company itself will survive the current allegations, tho I must also say the possibility is there that some key members may not. I also believe the company itself will go on to make myself, family members, and friends who are also invested in SLJB some decent profits over time. Not talking about 2-3 week or month 'flipperland', but over the long term. Long and strong to the end... if I lose, oh well it's sometimes part of the game, if I win tho, I will win very nicely, and that is what I am banking on.It's all about ballz. Takes ballz to stand in a shytestorm, but sometimes it's worth it. We'll see... JMHO GLTA
Seeing as to how there has not as yet been an official financial audit performed, how can there be any "discrepency"? No-one knows what is (or isn't) acutally there until an offical audit is completed and stamped, correct? Everything else is simply "speculation" or "forward looking statements". Some of those statements were retracted shortly after release due to admitted errors also if I recall correctly.
And, there were no unaudited statements to my knowledge released by SLJB with regards to May 2005 as they weren't merged with LFWK at that time, but to be fair LFWK did release a pre-merger unaudited statement I believe sometime in March of 06 for those prior months including May 05. SLJB merged with LFWK and SLJB Nevada did not incorporate until May 2006, and again, have not released an offical financial audit as yet for their June 1 2005-May 31 2006 first fiscal year.(or anything concurrent) Well-respected firm Speigel and Associates are currently compiling all SLJB documents and will soon decide as to whether or not they will accept the task from what I understand. According to reports they have all legitimate SLJB Canadian documents in-hand and are now awaiting the SLJB Nevada paperwork to arrive as we speak, and will decide after they recieve it..
JMO GLTA
Believe me, "I get it" when it comes to what is going on here. Everything is pure speculation at this point with no formal charges filed upon anyone, and the company still trades daily here in the states. Nothing set in stone either as to whether the company itself is libel, or whether just a few of the people working for the company are, or possibly no-one is. Some would have everyone believe that the company is already dead, but that simply is not true at this time. May come to be so, may not. Time will tell. JMHO GLTA
Not "mixed up" at all. I know exactly why I invested in SLJB originally, and why I still believe I can gain a profit in the future. We may need to weed out some chaff first, but that doesn't mean the company has no profit potential for the future.
1)I am describing building materials yes, but it IS special because most companies do not have access to the volumes stated by the company on more than one occasion. Large volumes, lesser initial cost due to volume, larger quantities sold, larger profit margins.
2) Semantics---There is no proof that SLJB is NOT debt free, either. Export license is a valuable asset, regardless of cost---fact it they still have one. Company to my knowledge has never stated that they have NEVER closed on any ME contracts, or that they have NO connections with the ME. In fact they just recently stated that Sam Sulja was taking over for Petar and working with some of these connections.
3) Semantics again. Not all businesses have the potential that SLJB has when you combine everything together. There is no proof that they have NOT paid for the inventory either, and they stated it WAS paid for. There is also no definite evidence of fraud committed yet, as no-one has been formally charged. If it comes to pass that some were involved, then by all means they should be prosecuted to the fullest extent, however the company itself is a fluid, viable entity, and there are certainly those who are part of the company that will not be charged with anything, that could better manage it, and carry on in a profitable direction, IF it is found that some are indeed at fault. Yes, this company still has unlimited potential with correct management, once it is free and clear of all of the current issues.
No, we do not know what we own, and what we don't. But speculation one way or the other will not find that answer either. We will see.
This is an SLJB messageboard. I may have worded that part wrong, but if someone has no shares, then why would anyone have such an interest in this stock? That is the question one needs to ask. There are only two reasons why anyone would come here if they didn't own the stock, and we all know what those two answers are.
JMHO GLTA
Why of course! Don't you know that one cannot think for themselves without paying to post? LOL
Thanks. And, I do believe you are right, but only if we allow it to be that way. JMHO GLTA
Buy a membership. Then talk to me about kool aid.
Not yet, but then again, I've only traded a couple that have been under investigation.
First time for everything I guess! ;-P
Nah, no-one goes to those! lol
I would never call anyone foolish for selling, anymore that I would expect anyone to call me foolish for not. But, it was your choice to do so, just as it was mine to hold.
The investigations are just that, investigations. No-one has been formally charged with anything, and the stock still trades in the USA today. If SLJB used some of the monies to pay off debt, then that is not "stealing our money" IMO, but rather utilizing funds for the good of the company. If they made mistakes with transfers and disbursements, then sure, they should be fined accordingly. If they flat out ripped us off, then those responsible should do time... no question, no arguement.
However, WE DO NOT KNOW THE OUTCOME YET. No matter what you, me, or anyone says, we simply do not know how the company itself will fare thru all of this. Period. To speculate is to do just that--the FACT tho is, no-one knows. They could all be guilty as heck, or they could all be exonerated, or SLJB could be exonerated and PV and Devries tossed in to Bubba, or a million other things could happen. FACT is, no-one knows.
And yes, I do feel like this board is starting to be over-run with those who have no interest in SLJB other than to see them go down in flames, those who either lost or who are paid bashers who also hold no shares but do hold an agenda. This does nothing for the remaining shareholders who want this company to survive for the long term, even tho there may indeed be a "restructuring due to necessity" at some point. Civil subjective discussions are one thing, but 10's to as many as 100's of purely negative posts per day by those who do not hold shares is not conducive to a balanced, flowing messageboard, but rather one filled with bias.
I personally have nothing against anyone here who is a curent shareholder or those who held previously... but again, to those who chose to sell--it was your choice to do so---the continual hammering of the company due to your own decision, along with using the price drop and investigation as excuse to beat it down further, certainly affects the remaining shareholders here as well. I honestly think it's a poor excuse for the continual stream of negativity when initially, each person made their own choice. JMHO. GLTA
I'll take a stab at that one:
1) Cement, Lumber, Steel, Building materials. (oops, that's more than one, sorry!)
2) No debt, Export license, ME connections. (ooops, more than one again, sorry!)
3) 20+ yr old business and clientel, paid-for inventory, unlimited potential! (damn, did it again! lol)
Seriously, we can argue Pros and Cons all day. Bottom line is there are some current issues, yes, no-one is denying that. Will they come out of it clean? No-one knows either way, period, no matter what anyone says here. I think they will, my choice. Some think they won't, their choice. Some sold and definitely lost. I'm holding and spinning the wheel. Individual choices.
Those who sold already's destiny has already been chosen, totally by themselves mind you. Mine and other longs is yet to be decided. Please do not screw that up for us just so you will feel better about your individual loss or possible pending lawsuits. Remember, no-one forced anyone to sell, FUD took care of that. As for the paid bashers, well, everyone already knows how I feel about them... I feel for each and every persons' loss here, been there before... and who knows, I may be sitting on the outside looking in here also in a short timeframe. However, I must see it thru, as do others. And we certainly have a right to do so without ridicule or mudslinging. After all, this is a SLJB shareholder messageboard, correct?
Thank-you. JMHO GLTA
Thanks, I just may do that, but I need everyone to come back here and stand up for what WE believe in as current SLJB shareholders too! Having us run away from these wannabee bullies and hiding in a lonely cyber-corner doesn't help the current shareholder situation at all, IMO.
I think everyone on this board should meet somewhere centrally located every once in awhile also so we can shake hands and talk SLJB over a drink or coffee--(or maybe punch each other in the face if necessary, whatever, lol)---maybe if we did have these types of face 2 face meetings once every few months people would become a hellova lot more civil on these boards, huh? I've found that there is far too much "armchair muscle" thrown around most messageboards, but when the people actually meet face to face, it changes things immeasurably. Lots of fun, hehe.
Wanna take any bets on who would show, and who wouldn't? :-o JMHO GLTA
That's right, believe it or not there are several here who are still holding large amounts of shares.(that must really tick you off too, huh? LOL) TRUE LONGS do not succumb to the incessant bashing of those paid to do so, nor do they sell at the bottom of a significant drop, but rather are willing to ride the ups and downs of a startup company going thru growing pains, until they reach their desired exit point--yes, even those who are under investigation.
But you go right ahead and continue to try and justify the reasons why you sold of your own accord, or, continue to bash for your employers while you hold no shares of this stock, lol. My opinion is that if all of the true longs and current SLJB shareholders go away, that will only leave the negative posters here to smash any new investors coming in, along with continuing to beat-down the company, even tho it has not been prosecuted of any wrong-doing as yet---exactly what they want---and bailing away from them and their BS doesn't help the company or it's current shareholders one bit. I'll be here until it is all decided in court, and if I lose, then I lose...I've lost before and I'm sure I will again, but I've also won big too.. If you're gonna play, I've found the best way is to play for keeps, one way or the other. Those who sold, sold. Period, end of story. If you sold for a loss you have no-one to blame but yourself currently, because no-one knows what will come of SLJB in the future, regardless of what things may look like right now. Speedbumps are hit by virtually every company known to man, and yes, sometimes they do turn into s(t)inkholes. However, sometimes those bumps smooth out and turn into a golden highway too. I am not living in fantasy land, and I am well aware of what I may in fact lose....but that is how the game is played, no risks taken, no rewards returned.
Example:
I played another small stock company in early 2000, bought in for peanuts, sold in the fall of that year for over $100 per share after three forward splits. They also went thru their speedbumps being a small startup company, but when things finally click, they click and click fast. I'll assume we all bought into SLJB because of much the same thing-- believable deals that were supposedly happening when we bought in and thru our investment foresight we figured it would attain large growth. If the deals are believable, then they are certainly doable---whether started back in early 2006, late 2006, or if the company has to even start such dealings NOW, they are still certainly doable, especially with an export license dangling like a carrot to ME builders. I am of the thought that this company can easily head in the correct direction with the correct management at the helm and realize substantial growth, once they get thru this current "speedbump".
Bottom line:
Positive attitudes, bring positive results. JMHO GLTA
IMO the company itself will survive, tho there may be some current players who could quite possibly get tagged by the OSC, we'll have to wait and see on that.
But nothing has really changed for me as far as my investment goes---I am a long, and will watch pps fluctuations, along with company "ups and downs" happen along the way. To get sucked into the turmoil, speculate and get all wound up, (or to sell for a loss!) is simply out of the question for me. Holding long and strong, and I believe things will work out for a profit eventually. JMHO GLTA
I am too. Hopefully we will come out of this WAY up in the long run---3 months, 6 months, year, doesn't matter, for I am LONG, and will hold until it either runs WAY up, or the company folds.
The yakkers here will continue to yak and make themselves feel good, the smart investors will either move on quietly, flip quietly, or hold quietly, one of the 3. And they will not speculate or jump to conclusions either--if waiting for news, they will wait for official word or documents to be released, because everything else is worthless. Most however will already have done their own DD and made their decision. And, anyone that makes a decision solely based on the opinions of people on an anonymous messageboard is an idiot, IMHO.
That is a definite possibility too..wouldn't that be a hoot if everyone was exonerated, and they released all kinds of verified info about ongoing old and contracted new deals? Talk about listening to some whining THEN around here! LOL. Probably wishful thinking, but ya never know. That's why I'm in till the end, or untill I hit my target exit pps. JMHO GLTA
I'm right there with you Dave. Good luck to everyone.
Agree 100%, good post. Once the "scrunts" are weeded out, the company may be able to recover over time. All depends on the outcome of the investigations, whether they find the company itself to be libel, or just PV and AD-- and that is the big question. Remember that the Suljas supossedly 'sold out' back in July too, another question is--to who? And that there also was "someone" in Detroit who also had permission to release press releases for the company too...hmm... did they work for Sulja, or PV/AD?? Many questions... We do not yet know who was fully involved and who wasn't, but it will all come out eventually and from the looks of the recent PR, obviously everyone knows now that they are "up against it" with no-where to run, so are preparing their defense(s).
I will hold and see it thru too. No worse than selling at the levels the pps is at currently the way I figure, and if the company can get straightened around in the future, we may even profit a bit at some point. As stated before it totally amazes me that they would actually pull a scam with this company, because honestly if they put a bit of effort into actually doing what they PR'd over the past year, they could very well have been doing exactly what they stated....it was very believable--- and that is why we all bought, right? And if it's believable, then it's doable!! Dumbasses could've had the world by the nads in a short period of time, but (seemingly at this point) threw a 20 year business and reputable name into the trash bin instead, which will undoubtedly land someone in jail too if allegations happen to turn into actual charges and they are prosecuted for them. Boggles the mind....guess ya can't fix stupid... I'll continue to monitor the proceedings. JMO GLTA