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How many millions were lost by investors due to the illegal activity of it's founder who
was found guilty by the SEC pumping and dumping stock on the paying and non paying members of Ih? Why don't you speak out about this? Ask why the founder was offered office space offshore at a firm who's owner was found guilty of pumping and dumping? Google it and you will be asking yourself what the real purpose is about this message board, it's not entertainment as you suggest or by reading their tou disclaimer. It simply a tool that has been GAMED to defraud the investing public. IMO PV and sulja bros were victim to these criminals. PV could have released the bogus AFS in nov 2006, he didn't and realized he was used as a tool. Read the lumberjack blog where the infamous sljb moderator turned IR calls Peter out saying andrew wasn't happy. The entire structure of this board is a pump and dump "GAMED " by a select few. As EDD says JMO
Scott Sullivan Disbarred Lawyer Drained $1M Fund
May 27, 2011 … A Windsor lawyer who misappropriated more than $1 … Lawyer Dan Scott represented Sullivan before the Law Society. …
www.scribd.com/doc/56486246/Sco... - Options
Sljb board moderator during named period while being a wall street money manager and a nominee account holder. What's wrong with this picture??? Why wasn't this disclosed to paying and non paying members of this message board?
How many ihub investors were defrauded due to the lack of oversight?? How many investors would have thought twice knowing the moderator of the investment board was a nominee holder of shares? Why wasn't this disclosed??
Chad A. Curtis, Chairman of Advisory Board:
Mr. Chad Curtis became the President, CEO, Director and Treasurer of the Company on December 20, 2006. From December 20, 2006 through December 30, 2007 he headed the company and was instrumental in acquiring the licenses and technology the Company possesses today. From January 2000 through April 2001, he was employed by First Union Securities as a Money Manager and Financial Advisor. From April 2001 through December 2004, Mr. Curtis was associated with J.P. Turner & Company in the same capacity. In April 2005, he was retained by Pointe Capital as a Money Manager and remained in that capacity, on a limited basis, through April 2006 when he became associated with Markwood Capital, a division of Acosta Financial Services, where he remained until August 2006. He has, for the last several years, also been engaged in the acquisition and sale of pre-construction and post-construction residential real estate. Mr. Curtis has experience in corporate and financial transactions involving both public & private markets, developing startup companies, and real estate development projects. Mr. Curtis will continue as the Chairman to the Advisory Board for the immediate future.
asus
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Sunday, June 05, 2011 6:49:00 AM
Re: akron post# 8612 Post # of 8661
Chad learned from Andrew DeVries in the SLJB scam that you need a front-man when your image is already trashed. Chad made it appear as if he was gone (awarded consultant fees and shares) yet, all he did was prop up a front-man - Glusic.
asus
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Sunday, June 05, 2011 8:25:04 PM
Re: againstallodds post# 8649 Post # of 8661
I am no expert, I just knew it was a scam early on. Having seen Chad answer the telephone as 5 different people with my own eyes, and having seen him use about 10 different ID's on IHUB was enough for me to know that this would be a scam. I put my warnings out, as did others, and that is all we could do. If people still bought it and got stuck then they didn't do their DD.
Ask Edd, she inherited the role, catch up on your facts and understand what type of role this message board played in the pump and dump
Who was chiphlder?
Cfp as a US investor in sljb a nevada corp, what do you think should happen with the funds recovered? Osc found wrongdoing don't you feel that your fellow shareholders were victims? Never knew Nevada was a province in Canada. Let's look at the interest % of shareholders US and Canadian and see how to divide up the funds recovered.
Gj, Arturo goes by several alias on yahoo wgat board and is more than likely shorting both stocks or is connected to the short.
Mason, how does the valuation work on the company considering the outstanding shares and over 60% being held by wgi.
Mason what does it mean now that the interim CFO and interim CEO have both 8k'd their letters of resignation? What does this mean for wgat and pvsp? Is wgat going to file for Bk or get bought out?
Cayman islands, the infamous Laurus fund, and the G brothers. Have they ever funded a convertible without tanking the stock? Did they hedge by shorting offshore? Does their involvement attract others like Arthur who piggy back shorting the victim companies and their shareholders? Why the caymans??? What are the hiding offshore????
Thanks for your concern. Aren't you a shareholder? Why don't you contact the OSC and ask them who the 3rd party is that gets the $5.6 million of the nominee trading that belongs to the US corporation. While you have their attention ask them to breakdown what % of shareholders were Canadian vs. American.
Why didn't admins protect investors by allowing a asset/money manager to be the board moderator, which later turned out to be a nominee holder? There was no disclaimer in the ibox about the moderators connection to the company? Would you expect a certified wall street asset money manager to deceive investors?
What % of SLJB shareholders are/were actually Canadians.
How cool, write negative articles (GSR like) and members of this site profit from the collapse of the stock after the article is released. Can anyone join? Who was feeding negative info to the windsor star reporter abd directly quoted in his articles? What a cool way of making guaranteed $$$$.
As EDD says "jmo"
How cool front run a short and start a negative campaign!!
* Important Disclosure: Prior to the publication of its original investigative report on JAMN, TheStreetSweeper (through its members) effected a “short sale” of 30,000 shares of the company's stock, beginning on May 4, 2011, at an average price of $2.98 a share, with the intent of profiting from decreases in the price of the stock. TheStreetSweeper covered its entire position on May 18 at $1.51 a share.
* Update: TheStreetSweeper established a new short position in JAMN on May 20, when it sold 10,000 shares of the company's stock short at $2.58 a share. It increased its short position to 40,500 shares, at an average price of $2.13 a share, on May 23. It may choose to further adjust the size of this investment -- increasing, decreasing or covering its short position in the stock -- and will fully disclose the details of those trades as they occur.
* Update: Due to the threat of a "forced buy-in," TheStreetSweeper covered its short position of 40,500 shares at an average price of 2.08.
* Update: TheStreetSweeper established a new position in JAMN on June 7, when it sold 55,825 shares of the company's stock short at $1.98 a share. It increased its short position by 5,000 shares on June 8 and has now sold a total of 60,825 shares short at an average price of $2 a share. TheStreetSweeper covered that short position, under a "forced buy-in," on June 13 at $1.99 a share.
As a matter of policy, TheStreetSweeper prohibits its editors and reporters from taking financial positions in any stocks that they cover. To contact Janice Shell, the author of this story, please send an email to editor@thestreetsweeper.org or directly to janiceshell@hotmail.com.
I heard Mexico was placing a CTO on Sljb the US Nevada Corp and they are also interested in stealing
The $5.6 million from the sljb shareholders, like the canadians. What a freakin joke!! What juurisdictipm do they have a us corporation??? How many shareholders were actually canadians?
You referring to the Thievery of the OSC? "to be allocated to or for the benefit of third parties pursuant to subsection 3.4(2)(b) of the Act; "
(v) pursuant to clause 10 of subsection 127(1) of the Act, Sulja Nevada,
Vucicevich, Kore Canada and DeVries shall disgorge to the Commission
$5.6 million on a joint and several basis, to be allocated to or for the
benefit of third parties pursuant to subsection 3.4(2)(b) of the Act;
Who is the 3rd party??? Shareholders were defrauded not this 3rd party correct?
And
Delay the case for 5 years time and want to be re-imbursed for their time on the case.
Classic case of regulators scam on the public market. So PV stole the investors money, now it's the OSC's turn.
Thievery...."to be allocated to or for the benefit of third parties pursuant to subsection 3.4(2)(b) of the Act; "
(v) pursuant to clause 10 of subsection 127(1) of the Act, Sulja Nevada,
Vucicevich, Kore Canada and DeVries shall disgorge to the Commission
$5.6 million on a joint and several basis, to be allocated to or for the
benefit of third parties pursuant to subsection 3.4(2)(b) of the Act;
Wall street covers up the crime by settling with taser. They sure love to setlle don't they?? Who else was their victim of naked short settling?? Taser is just one company they targeted.
Hey marketmanparrothead do you have evidence it does not exist? Took TASR litigation to prove it and the miscreants decided to settle. will this happen in the case of sljb, very doubtful. The stock traded over 2-3 billion shares...plenty was counterfeited. Call it the wall street printing press.
Taser case is enough proof that regulators are asleep at the wheel and were used by the shorts to bring down taser stock. Naked shorting exposed....
Subject: Bloomberg Article From Today
Taser Settles Its Lawsuit Against Financial Firms Alleging Short Selling
By Edvard Pettersson - Jun 29, 2011 6:30 PM ET
Taser International Inc. (TASR) and a group of shareholders settled a lawsuit against financial firms in which the stun-gun maker alleged stock-price manipulation through illegal short selling.
Both sides told a federal court in Atlanta they had reached a binding agreement. The judge yesterday put the case on hold pending the filing of a dismissal notice. The case was filed in 2008 against companies including Goldman Sachs Group Inc. (GS)
Terms of the settlement are confidential and won’t have to be approved by the judge, Steven Rosenwasser, a lawyer for Taser and about 40 of the company’s investors, said today in a telephone interview.
“After lengthy litigation, the plaintiffs are happy to have the case resolved,” Rosenwasser said.
In routine short selling, stocks are borrowed and then sold in anticipation of falling prices in hopes of repaying the loan with cheaper shares bought at a later date. The Taser investors accuse the brokerages of so-called naked short selling by placing electronic orders to sell shares without borrowing the corresponding shares or actually delivering them to the buyer.
The plaintiffs accused the firms of creating phantom or counterfeit Taser shares and diluting the value of authentic shares.
Goldman Sachs spokeswoman Andrea Raphael and Morgan Stanley (MS) & Co. spokesman Pen Pendleton declined to comment.
The case is Taser International v. Morgan Stanley, 10- 03108, U.S. District Court, Northern District of Georgia (Atlanta.)
To contact the reporter on this story: Edvard Pettersson in Los Angeles at epettersson@bloomberg.net
To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net.
No sanctions listed, just answers to their allegations.
Bias??? You decide how 2 violations in 1 post goes unremoved by the mod and admin.
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TheFraudStopper
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Tuesday, June 28, 2011 5:48:37 PM
Re: None Post # of 303418
It appears that one of the most disgusting Sulja promoters is being forced to sell his house.
http://www.realtor.com/realestateandhomes-detail/1741-Pinnacle-Rd_Elmira_NY_14905_M47652-89108?ex=NY523809673
Ain't Karma a bitch!!!
This does not make up for all of the insane and criminal actions of this person, but is still sweet!
What % of float is held by insiders?
What were the sanctions by the osc against the individuals named as nominee account holders? Has the osc officially released this?
You making a statement of fact or posting your JMO, again and again and of course JMO
Marketman you and centralfla parrot seem to be on the same page. Is it worth buying 10 G,s worth at .0001 as a gamble?
4kids Any thoughts on kens lawsuit? Read my previous post
http://www.scribd.com/doc/58673618/6-24-...
UNITED STATES DISTRICT COURT CENTRAL DISTRICT OF CALIFORNIA
KENNETH EADE,
Plaintiff,
v.
INVESTORSHUB.COM, INC., a Florida corp., DOE 1, aka NO DUMMY, DOE 2, aka JANICE SHELL, DOE 3, aka FASTER183, DOE 4, aka STOCK MAVIN, DOE 5, aka RENEE, DOE 6, aka VIRTUAL DREW, DOE 7, aka BOB 41, DOE 8 aka OVERACHIEVER, DOE 9, aka DOBERMAN, and DOES 10 through 100,
Defendants.
Case No. CV11-01315 JAK (CWx)
PLAINTIFF’S AMENDMENT TO COMPLAINT TO ADD TRUE NAMES OF DOE DEFENDANTS
Date: None
Time: None
Courtroom: 750
Judge: Hon. John A. Kronstadt
Plaintiff KENNETH EADE, at the time of filing of the initial complaint therein, did not know the true names and capacities of defendants herein named by fictitious names. Plaintiff hereby amends the complaint to substitute the following true names in place of the fictitious names:
JANICE SHELL, to substitute for DOE 2, aka Janice Shell.
MICHAEL ZORIL, to substitute for DOE 8, aka Overachiever.
DATED: June 24, 2011
Respectfully submitted,
/s/ Kenneth Eade
KENNETH EADE
SB#93774
Plaintiff, In Propria Persona
Waldo shell, why hasn't the osc released any info on civil fines against those they named in their allegations in the sljb case?
mm .0002 is better than the no bid that many were told that this stock would never see again.
Vox or worldgate tech support? What website were they referring to for updates?
It does matter. You think it's ok to allow individuals to become mods who are nominee account holders who hold free trading stock? Was this disclosed to investors on this board? By the way that is the bio of none other than one of the nominee account holders named by the osc that was board moderator in 2006 and there was no disclaimer or warnings in the ibox as you claim in 2006. Just rosey pictures of construction sites in Dubai, pictures of tire recycling plants all provided and posted by who in the ibox? Wouldn't you trust that a asset and money manager would provide truthful information to a shareholder? Why didn't the admins do more to supervise the board with deleting this mis information?
Would the dtcc global lock possibly have anything to do with the lack of volume? You should be questioning how a single share even trades with the dtcc action, that's the million dollar question.
Never knew that posting info about a individual named by the osc as a nominee account holder would be removed as Off Topic. Chiphldr is Chad Curtis the former sljb mod
Would you think a money and asset manager would lie and mislead investors? All while offering information on this board?
He served as Money Manager and Financial Advisor of First Union Securities from January 2000 to April 2001. From April 2001 to December 2004, he served as Money Manager and Financial Advisor of J.P. Turner & Company in the same capacity. He served Pointe Capital as a Money Manager from April 2005 to April 2006. He served at Markwood Capital, a division of Acosta Financial Services, until August 2006. He has, for the last several years, been engaged in the acquisition and sale of pre-construction and post-construction residential real estate
Would you think a money and asset manager would lie and mislead investors? All while offering information on this board?
He served as Money Manager and Financial Advisor of First Union Securities from January 2000 to April 2001. From April 2001 to December 2004, he served as Money Manager and Financial Advisor of J.P. Turner & Company in the same capacity. He served Pointe Capital as a Money Manager from April 2005 to April 2006. He served at Markwood Capital, a division of Acosta Financial Services, until August 2006. He has, for the last several years, been engaged in the acquisition and sale of pre-construction and post-construction residential real estate
Not Peter, more like Chad. Read all the detail he gave in his responses.
Interview With Chad Curtis: former sljb IR and Sljb Moderator on IH
Enclosed are nearly all of the questions I was emailed this afternoon, and the answers in BOLD are direct answers from Chad Curtis of Marquee Asset Management.
ASUS: Can they put more details in the press releases? For example, the Design Depot PR had no details on location of the parcel, date of groundbreaking, estimate of sales, estimated opening date, etc. PRs should read like a business plan summary for the item they are releasing press about. Vague PR's are fuel for bashing and rumormongers.
CHAD: We’re working on it, a lot of contracts are still open, some are in the closing stage, some are being finalized.
ASUS: How many employee's they 'SLJB' has worldwide....and then how many are currently employed in the middle east?
CHAD: In the two locations Sulja and IBP months ago they were known to have well over 40 employees.
ASUS: What are the specific requirements that Wessel must satisfy before they can purchase shares of SLJB? How far along are they in this process?
CHAD: Private contract not disclosed to public. Close to the end to start buying in my opinion.
ASUS: I would like to have additional information about the "pr" saying that SLJB
was purchasing a lumber mill, most importantly, when is the closing expected?
CHAD: The negotiations are on the table – the final contract has not been signed, they are still in talks with the lumber mill company.
ASUS: It has been stated through PRs that Sulja Bros wants to take this stock to the NASDAQ. Please explain what regulations you must follow to achieve that goal and what PPS you must achieve and/or maintain and for what length to enable listing on the NASDAQ?
CHAD: You must qualify for the OTCBB, become fully reporting, apply for the NASDAQ with a $4 price.
ASUS: In previous PRs, it was stated that there were 300,000,000 shares set aside for a merger with Consultech. There seems to be some confusion as to the actual current corporate structure in relation to the Loftwerks reverse merger or takeover first of all. Please explain.
CHAD: It was more of a hostile takeover, old management was removed, their shares were purchased. 300M shares are still set aside for Consultech Construction Management Midwest. LFWK was taken over to protect joint venture interests of CCM and Sulja.
ASUS: Second part of the question is, once the Sulja Bros/Consultech merger takes place, where does that place Sulja Bros? As SLJB or a new stock symbol?
CHAD: To be determined and large shareholders (Wessal wants 25%) will be brought to the table also.
ASUS: What is the status of the planned merger with Consultech's Midwest Division?
CHAD: To be determined.
ASUS: What happened to all the properties that were a part of Loftwerk's portfolio. Does Sulja own them?
CHAD: Sulja owns them, and they’re still up for sale. And some of the projects will continue to be worked on.
ASUS: How many shares if any does Dennis Ammerman currently own?
CHAD: Zero.
ASUS: Who controls the insider shares held by company officers (by name)?
CHAD: Management and board of directors.
ASUS: Why haven't we seen a closing signing agreement PR’d regarding the EMAAR contract?
CHAD: Marquee Asset Management hasn’t been updated on this at this time.
ASUS: Where can we go and verify the financial background of Consultech and Vista?
CHAD: Germany. They’re not part of Sulja, they’re still private companies. We don’t have information outside of SLJB.
ASUS: What assets if any does Vista and Consultech own?
CHAD: Not sure, but is known to be a lot.
ASUS: When will we see the Canadian government audited as outlined in the financial report?
CHAD: The Canadian government goes a separate route than the auditors, so we’re not sure.
ASUS: When will we see SEC paperwork to make this company fully reporting?
CHAD: To be determined.
ASUS: Why haven't we issued a dividend? Will we issue a dividend?
CHAD: No comment.
ASUS: What is the status of building the truss manufacturing facilities?
CHAD: Marquee Asset Management hasn’t been updated on this at this time.
ASUS: What is the status of building the New Orleans condominium complex as outlined in past PR's?
CHAD: More than likely they’re going to be doing more than 300 houses. They’ve been working with state, local, and federal agencies.
ASUS: The Middle East entities PR'd by SLJB are companies that are unidentified in any publicly-available database. "Wessal International" cannot be located as an “internationally renowned company" as stated in the PR's. There are companies with "Red Sea" in the name, but none owned by Wessal. (For example, Red Sea Housing is owned (51%) by Dabbagh Group, not Wessal.) Similar questions arise for other entities mentioned in SLJB PR's. There was no independent confirmation from Emaar about a contract with Consultech or SLJB.
CHAD: Because you can’t find it doesn’t mean it doesn’t exist.
ASUS: "We have contracts closed with conditional status, and some in the final stages of negotiations. We will release the details of our contracts in the near future. We will include final revenue with estimated net profits for each contract. We want to remain focused on the terms and conditions of each contract to make sure each party is pleased with the result. After the conclusion, we will release information that shareholders can easily verify."
The sentence at the end does not state what conclusion is being referred to. After the conclusion of the contract signing? After the term of the contract concludes? And the sentence does not state what kind of information will be released that can easily be verified. Will information be released so that shareholders can identify the parties involved in the contract? Will the other party involved in the contract independently release a PR about the deal? Finally, there is no sense from that paragraph as to a general time-frame for shareholders seeing verifiable information.
CHAD: After all conditions are closed and the money changes hands per contractual basis.
ASUS: I would like to know if Price Waterhouse Coopers is going to be the firm issuing the audited financials for this past business year.
CHAD: More than likely they have a 50% chance.
ASUS: Does Chad have an exact date on which the financials will be made available to the shareholders.
CHAD: Sometime in September.
ASUS: Ask him if this [MN1] interview is going to be rescheduled?
CHAD: It was scheduled for Monday, however he mentioned it may get moved.
ASUS:; Why doesn’t either one of the International Building Products phone lines work?
CHAD: They’re still doing business in Michigan but they’re not headquartered there any more.
ASUS: Are you going on MN1 without hardcore proof of company activities?
CHAD: Silly question.
ASUS: If you are going to go on that show without audited #s and or finalized contracts IMO it will be catastrophic to the share price.
CHAD: Noted.
ASUS: Will you please ask Chad when will we see something definitive such as signed contracts, not just "in negotiations?" An answer of 'soon' is not acceptable since I have been hearing 'soon' for 6 months now.
CHAD: Some are closed, some are closed with conditional status, some are being finalized. I spoke with them recently and some of the contracts will be disclosed. Per their new sig-sigma process with their new press release template.
ASUS: Who of the original Sulja family are still involved with SLJB and at what levels?
CHAD:John Sulja, 25%
Steve Sulja, 12.5%
John Sulja Jr. 12.5%
Kathy Sulja 25%
Andy Sulja 12.5%
Sam Sulja 12.5%
ASUS: Has he met in person with any personnel from these groups? If so who and what were his impressions? If so was he more confident in his holdings before or after the meeting?
CHAD: I am more confident now than ever.
Asus, ask him if he knows where Ammerman's big block of restricted shares ended up.
CHAD: They were supposedly bought back by company officials.
Also ask him if we are correct on the asset transfer to the books in Nevada being the only requirement, which will meet when the audited fins and 10k are released.
CHAD: First off, they won’t do a 10K until they do a Form-10.
ASUS: I would like to know if Chad has any knowledge of upcoming deals that have not been announced, in other words, has he heard that new contracts of any sort are being negotiated that shareholders are unaware of?
CHAD: Contracts are being negotiated on a 24/7 basis.
ASUS, IMO you have provided fair balance in your postings and have managed a fairly neutral board in PBLS. I could not say the same about Chads postings as chiphldr. IMO he has relentlessly pumped several stocks including SLJB. After your meeting with Chad, what are your impressions of him? Do you think he is capable of being objective and providing "clean" unfiltered facts from a firm he would represent?
From ASUS: Chad Curtis is a very honorable man. His conscience is clear and he is here because he is excited by what is transpiring. Chad Curtis has a good heart and is not out to deceive people, but is sharing the wealth of knowledge in this company due to his excitement of the very rare situation. I believe he is working for free and could easily exit from this stock with great profits, yet persists because of his belief in the company and his energy to share the wealth in it.
asus
Asus in the recent osc release they indicated Chad was a nominee account holder. What are your thoughts about this? You once posted a interview where he answered several questions re the state of sulja. Isn't it interesting that days after marquee was founded that our CEO Steve Sulja put out this release re the share structure? Was chad transparent with you about being a nominee account holder?
WINDSOR, ON, Aug 22, 2006 (MARKET WIRE via COMTEX) -- Sulja Brothers Building Supplies, Ltd. (PINKSHEETS: SLJB) announced today that the company is releasing the current share structure to the investing public. Sulja Bros. currently has 800 million shares authorized with 500 million shares outstanding. All share counts have been rounded to the nearest million.
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."
How many shareholders have sent the trustee emails and never got a response? Wonder if judge berstein would like to see that stat.