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I have tried to provide facts to assist people still in this stock. I have received many pms thanking me for providing information and you should know that the facts you presented back then saved some people some of their money. Many, Many people have suffered great financial harm here. I get no joy in that at all! Thanks again!
Binzur
Rocky959; I want to thank you for a post you made back in August. I reposted the information. It was post #58141. It filled in some very important information and thank you for being brave enough to post that in August when the pump machine was in full gear!
Binzur
Liable and all; I have been monitoring that "other board" for awhile. They talk about recorded conversations and all. Last night they posted this;
"O/S = 1.5 billion shares just confirmed!"
And this;
"TA confirmed Ed dumping shares!!!!!!"
I just spoke to the TA, their number is in the IBOX and you guessed it....they are still gagged and will not give out any information. I gave some of my best sad lines and I thought I would get the TA to answer an over under question and NO!
So why is this false information posted by people?
FWIW!
I have not spoken to Ed since Christmas time. Sure looks like it is time for another call. Others have talked to him but I have not. I think it people are tired of waiting and having this sit. In pinkly land people are looking for action and to trade. In and out. This may also be in Eds head that he wants loyal shareholders who are in long term. That is a bit of a dream in pinky land. Very uncomfortable at these levels but still own a bunch! Need Ed to deliver on his word and what has been PR'd.
Binzur
I sure hope so! Rough start to the day.
Airys; There you go! Do not believe anything the company has stated in PR's! WOW!
The moderators here on the SLJB site are doing a great job! This is not an easy job at all. The posts are suppose to be about SLJB and the company. Posts that attack someone should be deleted. Posts that are off topic should be deleted. With as bad a situation as SLJB is in the moderators job is much worse. I respect every one of them. Thank you!
Binzur
I would choose being an insider from the OSC long before I would choose to be an insider for the company the OSC is investigating! LOL!
You see my difference is all of the LFWK & SLJB shareholders since February are the victims here. They started illegally trading and manipulating the stock price in February! That was when this was still Loftwerks, Inc. They raised the A/S to 500 million from 200 million shares in January! Then they started the illegal trading in February. None of the regualar shareholders had a chance! We have all been violated! I care about all of the shareholders but that includes those who had the good sense to get out and got creamed! Lie after lie and gross stock manipulation. Can't wait to see the trading records and how many actual shares of the total share volume of LFWK and SLJB were created by their illegal nominee trading accounts! JMHO!
Binzur
Airys you have been getting info and spewing it out here from someone who is not suppose to be part of the Sulja team anymore! "Along with Petar Vucicevich, Kore International Management Inc. will no longer have a roll in the management process of SLJB." You have represented to the internet yourself to be an insider. You do know what an insider is don't you. You have been privy to information that no one else here has from a company that has lied over and over and cost so many people so much money.
Did you report to the OSC that you are the companies mouthpiece on the internet? Be very careful for what you ask for as your posting history, pm's, text messages, phone records and trading records matched together will paint a very clear picture.
Who paid for your website? Why is the only stock represented on pennypropicks.com Sulja? Go look in a mirror and then you should really take a break from posting and talk to an attorney. This suggestion has been made to you by many people and you continue.
Time to think about your family and yourself and stop being the mouthpiece for a company that chooses not to communicate with its shareholders and has been proven to have lied in the past!
Good Luck to you!
Binur
You got that right Mick. I think the negatives and the positives are averaging out and that is why the stock isn't moving! Then I think that it is Jan 9 and we need a bit more patience. Of coarse we also need more postives than negatives!
You don't sound like a basher at all. Your post is quite accurate and I would doubt anyone here is happy with the trading for the last month. It is a direct reflection of the fact that the company hasn't followed through on their commitments. I can only hope that is going to change very soon or I will join you on the sidelines! For right now I, like you, check to see...hope to see....want to see a PR with meaning! LOL!
Binzur
Ooooops you forgot all of the text messages as well! LOL!
Now there you go again. Sulja Ontario owns SAMS! Sulja Ontario is not SLJB that is Sulja Nevada. JMHO!
Actually there were two Loftwerks incorporated around the same time in July of 2005 in Tennessee. One public one private. No assets in the public Loftwerks, Inc. my guess is all assets went through Loftwerks, D & C LLC. Worked so well the first time went with the same thing again with Sulja Nevada, public and Sulja Ontario private and you guessed the assets are in the private company.
http://www.tennesseeanytime.org/soscorp/results.jsp;jsessionid=0FCA04A991A8D677AFBD25B270F877AB
JMHO! Do your own DD!
There is no public record in the SOS Nevada that shows any merger took place. There are two amendments in July. The first July 20, 2006 changed the name of the Loftwerks public entity to Sulja Bros. Building Products, Inc. On July 21, 2006 they corrected the incorrect name change and changed Products to Supplies. That is a simple corporate name change not a merger! They also filed a name and symbol change with the SEC. There are no merger documents of any kind in the public record of Sulja Nevada!
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/corpActions.aspx?lx8nvq=3jTAXTqYdC80kvn1T3%252fB8Q%253d%253d&CorpName=SULJA+BROS.+BUILDING+SUPPLIES%2c+LTD.
Actions\Amendments
Action Type: Amendment
Document Number: 20060832089-28 # of Pages: 1
File Date: 12/28/2006 Effective Date:
Previous Stock Value: Par Value Shares: 800,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 800,000.00 New Stock Value: Par Value Shares: 725,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 725,000.00
Action Type: Amendment
Document Number: 20060617400-56 # of Pages: 1
File Date: 09/26/2006 Effective Date:
Previous Stock Value: Par Value Shares: 850,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 850,000.00 New Stock Value: Par Value Shares: 800,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 800,000.00
Action Type: Amendment
Document Number: 20060590358-48 # of Pages: 1
File Date: 09/14/2006 Effective Date:
Previous Stock Value: Par Value Shares: 800,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 800,000.00 New Stock Value: Par Value Shares: 850,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 850,000.00
Action Type: Amendment
Document Number: 20060462963-68 # of Pages: 1
File Date: 07/21/2006 Effective Date:
(No Notes for this action)
Action Type: Amendment
Document Number: 20060460755-05 # of Pages: 1
File Date: 07/20/2006 Effective Date:
(No Notes for this action)
Action Type: Amendment
Document Number: 20060442697-10 # of Pages: 1
File Date: 07/12/2006 Effective Date:
Previous Stock Value: Par Value Shares: 1,000,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 1,000,000.00 New Stock Value: Par Value Shares: 800,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 800,000.00
Action Type: Amendment
Document Number: 20060436273-63 # of Pages: 1
File Date: 07/10/2006 Effective Date:
Previous Stock Value: Par Value Shares: 500,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 500,000.00 New Stock Value: Par Value Shares: 1,000,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 1,000,000.00
Action Type: Annual List
Document Number: 20060294842-37 # of Pages: 1
File Date: 05/09/2006 Effective Date:
(No Notes for this action)
Action Type: Amendment
Document Number: 20060034702-44 # of Pages: 1
File Date: 01/23/2006 Effective Date:
Previous Stock Value: Par Value Shares: 200,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 200,000.00 New Stock Value: Par Value Shares: 500,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 500,000.00
Action Type: Amendment
Document Number: 20050165309-21 # of Pages: 2
File Date: 05/04/2005 Effective Date:
(No Notes for this action)
Action Type: Initial List
Document Number: 20050133667-83 # of Pages: 1
File Date: 04/19/2005 Effective Date:
(No Notes for this action)
Action Type: Articles of Incorporation
Document Number: 20050133666-72 # of Pages: 4
File Date: 04/19/2005 Effective Date:
Initial Stock Value: Par Value Shares: 200,000,000 Value: $ 0.001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 200,000.00
Return to Corporation Details for "SULJA BROS. BUILDING SUPPLIES, LTD."
According to the D & B report in post 188698 Consultech had no ownership at all in Sulja Ontario. Look at the board and ownership. That information was confirmed by Steven Sulja 6-21-2006. I believe the 300 Million shares were being held to pay Consultech to merge with these companies that now have never been merged. Further Consultech was no longer legally in business per the SOS of Michigan since July of 2005. Automatic dissolution!
http://www.dleg.state.mi.us/bcs_corp/dt_corp.asp?id_nbr=46121G&name_entity=CONSULTECH%20CONSTRUC....
D & B report; Finance 06-21-2006 Steven Sulja, Sec-Treas, deferred all financial
information but confirmed ownership and operation details.
Sulja, John, Pres, director. Holds 25% interest. Active with
subject since 1987. In current position since 1987.
Sulja, Steven, Sec-Treas. Holds 12% interest. Active with subject
since 1987. In current position since 1987.
Sulja Jr, John, V Pres. Holds 12% interest. Active with subject
since 1987. In current position since 1987.
Sulja, Kathy, director. Holds 25% interest. Active with subject
since 1987. In current position since 1987.
Sulja, Andy, director. Holds 12% interest. In current position
since 2002.
Sulja, Sam, director. Holds 12% interest. In current position
since 2002.
Nice reply and nice frog! GLTY!
I will tell you what monkeyfrog. I just got a real nasty pm from snips so he can stay banned much longer. I have forwarded it to Matt! GLTY!
Binzur
You are welcome to disagree and you mistated your disagreement but that is fine. That is not what the OSC statement of allegations said. You need to read it again.
http://www.osc.gov.on.ca/Enforcement/Proceedings/SOA/soa_20061227_suljabros.jsp
This is the statement of allegations as amended. No where in this complaint does it show that Sulja Ontario is part of Sulja Nevada.
You are referring to the temporary order and you misquoted it.
http://www.osc.gov.on.ca/Enforcement/Proceedings/RAD/rad_20061222_suljabros.jsp
"WHEREAS it appears to the Ontario Securities Commission (the “Commission”) that:
2. Sulja Nevada’s principal asset is its interest in Sulja Bros. Building Supplies Ltd., an Ontario Corporation (“Sulja Ontario”);
If they were merged as has been PR'd many times then they are one! Merged! Go take a look at the definition of Merged! There is nothing in the Nevada public record showing any merger ever took place so it did not happen. There is also no proof anywhere in the public record that Sulja Nevada bought a stake in or bought an interest in Sulja Ontario. No where in the public record. This would also be in conflict with every PR stating that Loftwerks, Inc and Sulja Bros. Building Supplies, Ltd merged or were merging. Never happened! Look at the SOS Nevada link provided there is no amenment for any merger.
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/corpActions.aspx?lx8nvq=3jTAXTqYdC80kvn1T3%252fB8Q%253d%253d&CorpName=SULJA+BROS.+BUILDING+SUPPLIES%2c+LTD.
cm3i; I was called that "famous basher" from the other board in November. Never posted anywhere but IHUB! There is a difference between bashing and posting. Many here, myself included are posting factual information. Read my post 237195. I posted this on the weekend before the hearing to provide proof that the merger between Loftwerks, Inc and Sulja Ontario into Sulja Nevada (SLJB), the stock you presently own, never happened! Just take the time to read that post with an open mind and tell me if you consider that bashing.
I will bet right now looking at the PPS that those who bought yesterday wished they hadn't and instead wished they had sold over .01.
GLTY!
Binzur
I knew Sam Sulja was a self employed stock trader so it is not a surprise that he was on two nominee accounts! What is surprising is that John Sulja is on one of those accounts as well. Take a look at this link and scroll down about 26 testimonials.
http://www.elliottician.com/accolades-3.html
"Don’t Wait!
"DON'T WAIT till one has to learn the hard way."
John Sulja, Harrow, Ontario, Canada"
Accolades
The following comments are from clients who have completed our Elliottician Certification Course that teaches how to get the best results out of the Refined Elliott Trader trading software: All email addresses are available on request.
John is Elliottician Certified! LOL! Now he needs to learn that when you illegally trade stock you get punished! Guess he didn't learn the coarse to well cause he is about to learn a very important lesson "the hard way"!
Binzur
This isn't rocket science! LOL! A share price of .02 or higher makes it so much easier for the company to do private placements for future purchases and assets. At some point I expect to see a new 506 filing. I have no problem with that as long as the company communicates with the shareholders. Tell us you are going to be filing this for whatever but just simply communicate with us.
Thanks for your kind words and I hope our CEO gets this rockn. He has that ability right now. The fundamentals in the MACD are right at the crossover point! GLTY!
Binzur
You are correct we are not going to get Kaboom until the company decides to get us shareholders information. A couple suggestions would be ungag the TA and file the AF through Q3 and become a reporting company! Imagine a pink sheet company deciding to become fully reporting.
I believe the CC deal is going to be closed late next week. Then the spin off.
Then the reverse merger to OTCBB. Light the fuse with ungag TA, ignition with AF drop and then Kaboom with spin off and OTCBB reverse merge! Theres my plan...darn I am not the CEO!
Have a great day!
Binzur
Again you are one of the most inteligent posters on this board!
Binzur
You still just don't get it! He got it from the RCMP affidavit! You sero in on the most meaningless part of the affidavit! John Sulja, Sam Sulja had nominee accounts! I nkew Sammie was involve in bogus trading but didn't know that John was. That is the dad that everyone thought was a saint!
The SEC will definitely be involve. They already are. Information I have seen showed the SEC referred this to the RCMP! Did you read where the RCMP investigation will take another 6 months. They are going to be adding more counts to this complaint!
JMHO!
"About 150 million shares of Sulja stock sold earlier this year through the five accounts raised about $7.8 million, Vucicevich told RCMP investigators the OSC affidavit says."
150M x .12= $18,000,000. So it Petar told the investigators they only raised $7.8 Mil that is a lie. They will easily be able to prove the lie to an RCMP investigator by looking at the trading records of those accounts.
"Vucicevich said the Kore companies controlled about 280 million Sulja stock shares, according to the affidavit"
What does Kore have 280 million shares from? They provided nothing during the merger. Now it has been proven the merger of Loftwerks and Sulja Canada never happened. No wonder Dennis Ammerman got a $10,000,000 "loan" that was never going to be repaid. That is called a "payoff" for those of you who can't figure that out! The Loftwerks shell was totally bogus on the share structure especially as Sulja Canada was never merged into it!
"But the OSC already has secured records of five trading accounts of two Canadian brokerage firms that were opened by employees of Vucicevich's Kore International Management Inc. and several members of the Sulja family, whose Harrow-based lumber yard was incorporated in Ontario in 1987."
Multiple members of the Sulja family!
Robo; Airys just announced that the company has told him that Sulja Nevada owns Sulja Canada! If the merger happened Sulja Nevada would be Sulja Canada! What happened to the reverse merger. Do we need to retract more PR's?
Do you think it will be the SEC that gets after Sulja Nevada? There are so many false PR's about a merger that has been proven never happened. Now Airys states he has been told by the company that Sulja Nevada owns Sulja Ontario. They should have been one in the same if the merger happened! Did they just buy it with the $3,000,000 they gave to the Sulja Family from the illegal sale of shares this fall? Where is the public record of that purchase and transfer of ownership! Doesn't exist!
What a reverse merger! LOL! Loftwerks, Inc. is empty, who got the 362 million shares or approx. $17-20,000,000 worth of stock at that time? There was absolutely no reason to merge with Loftwerks. There are so many empty shells and clean OTCBB ones can be purchased for less than $1,000,000. This deal smells worse and worse every day! Who were the insiders who owned the shares in Sulja Nevada. That should have been the Suljas.
Appreciate your thoughts on this!
Thanks
Binzur
CEO Steve Sulja stated: "The current outstanding shares are 500 million. There are 362 million shares held by insiders. Of the 362 million insider shares, 162 million are restricted. There are 138 million shares in the public float. The number of inside owners, of 10% of common class shares, decreased after the reverse merger. The increase of outstanding shares from 200 million to 500 million excluded holders of 20 to 50 million shares from insider status. Basically, three insiders with 40 million shares from the open market did not meet the 10% of class rule; therefore, they are no longer considered insiders."
I will help. Many here are working to both talk to Ed Hayter and try to get this company more transparent. Also trying to find out the status of previous PRs. Mo-money thinks it is time for the company to help and get transparent! LOL! He also seems to appreciate our efforts and has a stock recommendation to say "thanks". He doesn't want to go off topic on this board and we appreciate that!
Binzur
I wish I knew. I have seen some real games by the mm's. Good volume today and it ends up down and on the low of the day. Do you think MM's look at the charts! I think we may see a MACD crossover and move above 0, maybe even after todays trading. That is technically very good, now we need Ed to get the AF's out, ungag the TA and the other deals and we rock.
I was doing some work on spin off numbers. I am going to be conservative and this is based on no more than 350M O/S. Say that the spin off is $4.5M (low end of PR estimated deal). Take out Eds shares per the PR. That leaves approx 225M shares that would receive dividends. My guess is the company is going to keep the money to use for OTCBB, Country Club land development. The shareholders will get shares in the spin off company. Say this is half cash and half shares. That would be $2.25M in cash and 2.25M in stock. Simple math calculation that is a .01 per share dividend in the form of stock in the spin off company. Now if there are double the O/S than my estimate above. That would still be $.005 per share in share dividends in the other company and you would still own your IBAC shares as well. The devil is in the details but that would work very well for me! JMHO!
Binzur
That exact suggestion is one of a few that we have made to Ed. Another would be for the TA to e-mail the information to a few here. That way no one can claim that it was manipulated and you know there are morons out there who will! Another is a limit on the number of calls the TA will respond to.
The final consideration is it needs to be proper public disclosure so the company website with the TA letter head sure sounds like the best and maybe combine that with limited calls. We are working on that!
I say we as in a few different members of this board that have talked with Ed recently. If anyone else talks to Ed make the same suggestion in a respectful manner.
Binzur
I agree completely on your statement on the Share divi! I would have rather seen the company sell 70M shares on the market! At least they would have gotten the money. Here all we got was dilution. In my conversation with Ed Hayter he clearly realized the share dividend turned out bad.
He wanted to reward shareholders and I just don't think he "gets" pinky land! He for instance doesn't understand that when you say in a PR that you have AF's and once reviewed you will release them, that you have to release them in a timely fashion! I am trying to get that message to him. Drop the AF's this week!!!!!! Close the CC next week. Spin off the week after that. OTCBB shortly after that! And last but not least ungag the TA or come up with someway to get current share information to the shareholders! Those are the messages we keep sending him and communicating to him!
Any of these and we start rockn!
Binzur
Mick; Those last two trades combine IMHO. That would be a 12,830,000 buy.
Binzur
Eelf; The float did go up by probably 60-70Million shares with the divi. You are correct that trading doesn't effect the float. The float is the O/S less insider shares and restricted shares. JMHO
I am out til this afternoon! Keep the IBCX green!
Binzur
I am afraid so. Post #58141 was pm'd me over the weekend. I have been saying this since November 19! The only possible amendments that could have dealt with the merger were the July 2006 amendments. Both are name change amendments. The first changes the name from Loftwerks, Inc. to Sulja Bros Building Products Inc. The second changes the name from Sulja Bros Building Products to Supplies! All others have notes and are share structure changes. Nothing merging Sulja Canada in. That is what the SPAC was set up for. Loftwerks, Sulja Canada and anything else should have been moved into the SPAC via amendment. Then while in the SPAC an amendment for board structure and share structure would have been introduced. The SPAC would have been fully funded at that point. Once the Nevada regualations have been followed and completed the new combined entity emerges from the SPAC and does business. Never happened! SPAC is in default! Nothing was ever done there either.
Binzur
I understand your point. Sulja Canada was suppose to have been merged with the empty loftwerks shell. That to me means moved into, combined with, joined together. There is nothing on file with the SOS Nevada showing any filing of any kind merging Sulja Canada into (with) that company. You can clearly see that the reduced shares Airys announced have clearly been done in SOS Nevada. This discussion could really branch out. That is why I also showed the D & B of the Canadian operation and the fact that it is still operating as normal with no changes and no public records or filings of any kind. Not one person has provided an answer to the question with regards to SOS Nevada which by the way is what all of the longs own! GLTY!
Binzur
I would agree with you that the employees of the lumber business in Canada are innocent victims here. This includes getting bombarded with calls and faxes when they have nothing to do with what has gone on.
What about all of the investors who are victims as well. I don't fault you at all for your hope. Read Fishforbreakfast posts this morning. He was involved in the CC and made an investment decision as all have. Good luck to you! I get no joy over any of the pain that has been caused to so many!
Binzur
Soon, shortly, going there now to post them! Right!
Not what it says!!! Sulja Nevada’s principal asset is its interest in Sulja Bros. Building Supplies Ltd., an Ontario Corporation (“Sulja Ontario”);
"It's interest in". These companies were suppose to have merged. Become one! They obviously did not. There are no amendments with SOS Nevada that show any merger ever took place.