Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
murph, you are right and it has been a long and sleepless journey over these last few weeks. I have talked, researched and in fact have been physically affected by the SLJB journey. I have put my trust in the Sulja Family just because of who they are and what they have stood for within a very close knit community for over 25 years. It has been an entire family run business for that length of time. I have had relatives who have put up barns with Sulja products and have dealt with the family directly for years. I am told John is a man of the utmost integrity. What is going on right now baffles me. What I do know is this! NOTHING from this company means anything EXCEPT the audited financals coming out. I am looking for them as well as everyone else. Steve has confirmed the numbers and I just can't believe he would put his name to anything that was not on the up and up! If I am wrong, I stand to lose my investment. If I am right and the number are substantiated then all those in doubt will slap each other on the back screaming, "I told you so"! Steve put the numbers up, I have them in hard copy, Steve said he supported the numbers, now Steve has the floor to prove his word! I think his father raised an upstanding young business man! That is my personal bet and has been since day one! jmho
lake, if this all blows up and after 25 years the Sulja family name and reputation is destroyed, you can bet I will be there on behalf of the class action lawsuit by shareholders. I will be there with my portfolio in hand to show my losses based on the many, many published reports from Steven himself. He is the one who published and he is the one who specifically stated he stands by the numbers. I have all there press releases printed in cronilogical order.
bike, that was not me! My thought though behind that, if true, why did the Windsor Star reporter state in his article he met Petar in front of John Sulja's home after they meet. See those are all facts that just contradict each other. The only thing that is going to save this whole thing is this, the Audited Financials as has been touted by the company for over a month or so. We all have the unaudited printed, inhand to compare the audited numbers too. Steve can post whatever he wants at this point but the fact of the matter is the only piece of news that needs to come from this company is the Audited Financials. Nothing more, nothing less! I made my bet on them and I to date have lost the bet but I will go with my gut feeling here that the Sulja name will prevail! jmho
asus, you do whatever the hell you think you need to do to get your anger out! I am down big time but I add to average down and continue to do my own DD. I told you I want to hear what an attorney says regarding the judgement papers, I am paying for the time! I continually contact local members of the Colchester and Essex community to see what the rumors have. I have faith in the Sulja's. That is my own PERSONAL investment strategy. Now if Steve is the bad sheep in the family then I lose. What the hell do you want me to tell you? I have not sold one single share of the company and I bought 100k at .15!
binzur thank you for posting the D & B report showing as the business structure!
I am not Dennis! For the public record!
asus, I believe with the notoriety they have obtained they are already under a magnifying glass!
sand, if you find out they did I would really like to know! You don't sell a family business, run by family, owned by family without some sort of announcement. Steve sure seems to be still in charge and for sure as hell John is, the meeting was at his house! It was not in some Consultech office somewhere!
asus, I understand your anger of the lack of communication from the company. My portfolio is also very angry, but with Steve stepping back into the fire, I have the gut feeling things are going to turn out okay! Thats my personal bet. I did buy more today! Am I a nut, maybe but I am betting all my nuts on the Sulja family name!
sand, I have not found that to be true. I know Steve was involved as a director of Consultech but from what I have been able to find out Consultech was never an owner of Sulja. If you look at the directors of Sulja, I think you will find that most of the family was involved in the company ownership or daily operation of the company! Let me know if you have found out something else.
TFN, I agree with you 100%. If they have poop in their mouth then let them spit it out and scream they ate shit! Somehow I think the attorneys are telling them they need to get a handle on this whole thing and to just keep their mouth shut for right now! jmho
Without a doubt one of the most outstanding posts I have seen here in days! Let it be said, let it be told!
profit, I too am trying to figure out the entire first scene of the play with Gary Rennie. What I do know is Steve continues to run the daily business and they continue to do what they have done for over 25 years successfully. I also provided pictures of SAM's operation and they too continue to do a thriving businesss. With that said, and without the BS of the future, the financials Steve posted was for last year. May 2005 to May 2006 which showed both a profit and business in the US and the Middle East. This was before Petar, before anything else. That is the foundation. That is what the company has now got to prove! Without that proof everything else is BS!
TFN, I just wish I could! Nothing would please me more, but something has happened which has delayed this whole thing, I have the unaudited financials printed out and there are protected daily by armored guards. The Sulja's are a family of reputation and community service. For Steven to put out false financials and furthering that issue by putting out press releases in support of those those unaudited financials is beyond my believe of the Sulja reputation. I don't know where all of this went wrong and where Petar came into the picture but you can be guaranteed it won't go unabated!
Hummertt. first let me tell you I am as frustrated as you are over the lack of communication from the company. You know what struck me the most was the article in the Windsor Star that said Gary Rennie talked to Petar in front of John's house after their meeting. Now that gives me thought that the man who has spent years building the Sulja name is now involved with an iron fist. Is that a stupid assumption on my part, maybe, but on the reverse I listen to my friends and family in the area who have know the Sulja's for years and their integrity and devotion to the community they live in and I have to say, I will go with the Sulja's. You know, I have been accused of being everyone from Clinton to Saddam Hussein but I am just a shareholder like all the rest of you with the knowledge of the Sulja's reputation. Whatever Steve got into with Petar has blown up in his face, and that is why John called the meeting at his house. What comes of this is something I think family pride and dedication to the community being the prevailing entity! If I am wrong I stand to loose alot of money as well as others I personally know. These are good people, people who have been in business for over 25 years, a successful business with an impeccable reputation. All of my research with regards to their ME activity ends in the Middle East so that tells me the road goes there. What is at the end of the road is the mistery right now. jmho
asus, thank you, I will check this out. I guess the good thing is if Dennis took the assets of Loftwerks, then he also takes the liabilities that go along with them, therefore making the press release today in the Windsor Star a mute point for shareholders of SLJB. If those properties have been quit claim deeded to the new entity I am sure the attornies will see that quickly!
Party, can you please PM what your fact finding is regarding this whole situation as you have stated. I want to cross check some stuff I have and I will be more than happy to communicate with you via email!
twoggle, if that is what is necessary then I will have his office do just that! All of this BS has to come to an end! The Sulja Bros. company is doing daily business as well as SAM regardless of all the daily posting going on from around the world. Everyday trucks are coming and going fulfilling the orders they receive from local builders. The ME revenue is in the unaudited and the numbers are BEFORE Petar so if something changes to those numbers you can bet Steve will be in trouble. I will let you know what the attorney says as I have the case number written down that you provided earlier!
asus, well that is an excellent point and you know something, I have someone checking the actual title of each of the loft properties listed on the loftwerks website to see who actually ownes those properties. I will let you know!
May I speak without someone sending me a threating PM?
Would you like to revisit your statement as the picture you posted came from my collection!
I love where the meeting was: John Sulja's home! Not the office, not the lumber yard, "the founder of Sulja's home"! I would of loved to of been in that house when the shit hit the fan!
The spiral happened over a 2 day period! Would you of been able to plan for that? I know I would not of!!
raguse, with the notoriety this company has gotten over the last week or so you can bet the attorney's will handle all of those issues. You are focusing on the negative, instead of the positive. Let the attorneys and Steven tell us about what the investigation says. Let the shareholders concentrate on the daily business!. You are much to preoccupied with the negative!
Then I would suggest strongly that you sell whatever position you have in SLJB and find a company you have trust in! It is simple! No rocket scientist decisions! If you personally don't trust anyone within the company then I cannot believe you are even here. If I did not trust those running the company I would sell ever share I had as fast as I could and find a stock I did trust the CEO!
For all those who have wished me well, I want to thank you very much for your very kind words. For those who have asked me if I ever sold a single share, the answer is simple: Why would I? The company is very real and doing a wonderful business. I never doubted the Sulja's! I did have great concern of who Petar was though but because the name of the company never changed, I knew deep down the SULJA's were involved somehow. I hear John Sulja is a man that many people did business with for years with a handshake. That means more than anything to me!
asus, I mean this with the best intentions, let the attorney's handle Petar. Please, concentrate on all the wonderful things this company is doing daily. Their 2005-2006 numbers, BEFORE ANYONE HEARD OF PETAR, shows a true market value of $.60 per share with a 20 multiple. That is all you should care about.
asus, I don't care, neither should you. Look at the unaudited financials Steven put out publicly. Those financials alone support a stock price of .60 with a 20X multiple. Forget about anything else, don't get caught up in the emotions, look at the numbers right now. Don't believe $350 million cement deals, look at what they are doing NOW. Get rid of the hype. Look at what the 2005-2006 numbers are.
FrankeJ, I truly believe Steven is going to do his very best to get back the wonderful reputation the SULJA name brings to this company and its true stockholders. I have stated on several occasions that I do believe the relationship with Wessal is strong and STEVEN's announcement that Wessal is going to be involved with the ownership of the company is real! I have also stated before, IMHO, the next CEO of the company will be one Wessal assigns as they are in dire need for what Sulja Bros. has.
sandbath, all I can say to your statement is the Sulja family name has been one of integrity and honesty for more than 20 years in the community. That to me sir speaks much more than the asshole comments I have seen many here have made towards this company. I truly believe Steven will let the attorney's work through this whole situation for the benefit of the company and it's shareholders. The Sulja's have done that for over 20 years and CONTINUE TO DUE THIS AS OF THIS DATE. They have now included SAM Building into the family! These are working people, good people with wonderful community spirit!
sandbath, Steve Sulja was the author of everyone of those press releases along with the unaudited financials. NOT PETAR! The unaudited financials PUBLICLY announce, copies in hand, show a market value based on 2005-2006 revenue numbers with a multiple of 20 at about .60 per share street value. No increase in revenue, no $350 million cement deal, real numbers, real multiple based on last fiscal year numbers. That is all I want to concentrate on now until Steven updates everyone! They added SAM Building for an additional $6 million in revenue so everything helps! $.60 is what I think the stock should be valued at today. What the future brings will come from Steven! I am looking at the unaudited financials and anyone else who has them printed can work through these numbers also! jmho
Frankie, beaten down but my resolve has never been stronger. The actual results were forbaddum: Your stress cariolyte was normal. Your resting echocardiogram reveals some thickening of the ventricle which is suggestive of high blood pressure.
First, at this present time anything that Petar has said or communicated to anyone is in question. Refer to that section of today's press release re the attorney's handling this information.
Second, yes I was able to discuss this situation with relatives in the area and to say the least the Sulja family name has been discussed at some length! You saw the results today. This family has been attached to this business for over 20 years. Their name was being drug through the mud! The reasons? Let the attorney's work through it. Refer to that section of today's press release re the attorney's handling this information.
May I suggest you all put the Petar fiasco behind you as I am sure the attorneys will handle this accordingly and concentrate on the companies future because that is what you are invested in. I want to bring to your attention that the unaudited financials issued by Steve Sulja showed revenues from the Middle East division as far back as June 2005 so whatever has transpired recently is of no significance to our relationships with the Middle East, imho. Further let me give you the exact wording Steve Sulja put on the unaudited financials:
Sulja Bros. Bulding Supplies, Ltd.
Financial Statement
The following financials have been reviewed and verified by our in-house accountants and are currently being submitted to a third party accounting firm for final review and audit. Subsequent to the audit, the financial statement, with any required changes if any, will be submitted to the Canadian Revenue Agency as well as all other relevant tax agencies in the relevant jurisdictions. Please note that the indicated Operating Expenses have been condensed for simplification and publishing purposes. Moreover, all figures have been rounded to nearest dollar.
Also a note for the SOB's who sent me the death threats, thinking I was Petar, those have been turned over to the necessary authorities.
Okay, can you please tell me how to get them on IHUB. I have the pictures of Sulja listed in MY PICTURES on my computer. Sorry my computer knowledge is "where is the on/off button, and if it don't turn on, buy another one!"
Sure will, thats a promised! Can someone tell me again of a site I can put them all on for everyone to see?
monster, I am getting pictures tomorrow. As soon as I can get everything put together I will make them available for everyone. I also did a search awhile back on the KAHN attorney in Windsor. I don't know if it the same KAHN but I found him in the Ouellette Towers and in the same building as the Arab Association or League. I can't remember. I found it out by going into the yellow pages I think and putting in the address and it gave me some other businesses. I will see if I can get someone to drive by the Ouellette Towers to see what we get.
I'll ask my friend if he will do that! I was thinking of having him pretend he wanted to order drywall for an addition he is putting on his house! I'll see what I can get!
fdjr from what I have been told it is the same building, with 2 companies being run out of it. They answer SULJA on one and SBT on the other. I am getting pictures tomorrow.