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I'm right here. Still holding and just relaxing. No worries here.
BG
This is a great buying opportunity. The best reason I can think of for the decline is that we're about to start a holiday weekend, and typically, people pull some of their money out before that time.
Regardless, good things will come of this stock, imho.
Agreed. This is just MMs shaking the tree, IMHO.
Wouldn't that be nice if they actually accepted an offer of "$xx.xx" per share... that'd be quite a jump up from where we are now.
In at .05 ... happy with the progress so far. GLTA
I do hope that the trading shell owns SAM too.
Why are you looking to pick a fight with me on this board?
I'm trying to get at the truth like everyone else who got fooled, and learning more about the situation as people contribute to this board.
You would do well to focus on trying to get at the truth instead of spewing your misplaced hatred on me. GLTY.
Go ahead and put all your misplaced anger at me if you want.
I was fooled too. I still thought that the Middle East was the key. Was fooled with the Emaar Properties listings for sale, the Red Sea, the Wessal phone number... the one KEY thing that screwed it all up for me was the naming of the shell company which made it hard to distinguish between the shell and private company. It was believable because we interpreted their statements to be about the shell, when they actually referred to the private firm... which has the same name.
The tipoff that made me dig in a different direction was PV saying in the paper he "did not own shares in SLJB" which meant that the Consultech assets were not rolled into the shell.
Don't blame me for this, take your anger out on PV for screwing this all up.
i dont think people are getting it. I'm not bashing (i lost some here too) but let me explain one more time.
1) We invested in a trading shell, not a company. We think we invested in the company, but the reality is we invested in a shell that was Loftwerks. Consultech received the voter-block shares
2) This public shell does not have Consultech assets. PV confirmed that when he said that he does not own shares in SLJB the trading shell.
3) Consultech owns Sulja Lumber (the company) I am calling it Sulja Lumber for the sake of clarity since the name is confusing everyone. Consultech owns SAM too.
4) We don't own Sulja Lumber or SAM. PV and Consultech do.
5) The million(s) dollar question is, is PV keeping his word and rolling these businesses into SLJB the trading shell and completing the Consultech merger? I don't think so, since he only planned on doing it after the SLJB stock hit a certain price point. It's extremely unlikely that we'll go higher unless PV rolls Consultech into the trading shell.
Please repeat the question.
Dennis owed them money because he needed a line of credit for building supplies to renovate these abandoned buildings into Lofts.
They couldn't get cash back because Dennis got in over his head, so they used Gotbetter to broker the deal thus privatizing Dennis (all he got was Nashville assets) and transferring ownership of the shell as a separate business entity to Consultech.
All imho.
That's exactly what happened, imho.
Check my message "184172"
You mean, buy the trading shell that has the ticker-name SLJB.
There hasn't been any independently verifiable evidence that confirms Sulja Lumber (the company) and SAM (which is probably owned by Sulja Lumber) are assets registered to the trading shell.
The merger of Consultech into the shell which was supposed to happen hasn't happened because PV wanted to get the price up first. The 300M restricted shares was supposed to go to PV/Consultech once that happens, and he would have successfully announced the merger as being completed.
PV said in the Windsor Star that he doesn't own any shares of SLJB. That means Consultech (with it's assets of Sulja lumber and SAM) have not rolled into SLJB, the trading shell, and thus the 300M shares SLJB was supposed to pay him as a director of Consultech, have NOT happened.
PV thinks SLJB should be worth "XXXX dollars" to get his Consultech business (and companies/assets) rolled into the shell. He's not going to hand over ownership of the business to everyone who has shares in the shell, which in reality is worthless. That's like buying something and giving it away.
My guess is that he's pumped and hyped all the business that Consultech is actually getting (like the tire-recycling plant business with Intec in Germany) to inflate the SLJB shares to that "Value" whatever it is set at, and then roll the actual business into the trading shell (hence the 2007 pro-forma) and declare the merger complete.
The problem is, the stock will NOT go up without proven financials and he's already pumped to the point of no return. He's stuck, but still has his Consultech business to fall back on.
Everything IS VERIFIABLE. Sulja Lumber, SAM, INTEC, is all real. It's all through PV.
What's NOT Verifiable, is that the trading shell owns Sulja Lumber, SAM, and it's contracts that he claimed through the PRs. I highly doubt that the shell owns it.
PV's sure gotten himself into a pickle. I dont believe he flat out lied, but I do think he screwed up very badly and should have put assets into the trading shell first before making all the claims he did.
Thoughts?
That's assuming these companies (assets) are actually rolled into the publicly traded shell (SLJB the stock.) There's no way to confirm it independently (and not from an SLJB pr) AFAIK. Maybe someone else knows of a way.
they're long gone, imho
Wow... even the transfer agent doesn't have SLJB's correct contact information.
Oh boy. This stinks.
"in a meeting" that's the oldest excuse in the book.
"Sulja Bros" and "SAM" aren't scams. Its a real and viable supply business.
The real problem is investors bought shares in "SLJB, the publicly traded entity (stock with loftwerks assets and supply business assets)" thinking that there is a "story of growth in the Middle East" stated by PV, and it's profits would be compounded by the demand for building supplies over there.
The reality is that we have these 2 supply businesses generating revenue as well as Loftwerks assets. The AFs were to support their numbers (maybe SAM hasn't been integrated yet, I dont know) by a verifiable 3rd party stamp. This was all we were supposed to get.
That has NOTHING to do with PV's claims, which would NOT be shown in the AFs, but in subsequent reports. The intent of the AF's were to demonstrate to shareholders that the building supply numbers (to bolster Loftwerks' troubles) were real. IT IS REAL BECAUSE WE SEE A REAL BUSINESS in WINDSOR.
The problem is that PV used the verifiable numbers from verifiable businesses to support unverifiable claims as a dangling carrot for the "middle east growth story" from which the truth hasn't come out yet.
Petar planned to use the trust factor from real numbers to propel the company towards growth in the middle east. Whether that's true or not, we will find out in the next few days.
I'm looking forward to StockHOG's verification of Wessal's existence from Party's DD. That will go a long way towards re-establishing my faith in SLJB the stock, because I bought into the "Middle East story" regardless of the currently viable supply business in Canada.
If it's not true, then the stock will go back to numbers reflecting it's local supply business. Probably will take a hit due to the trust factor.
For now, I'm in a "wait and see" mode. I do agree that PV needs to step down, and someone else needs to clean up this mess, and reveal AFs.
Fieldfire... and he's P&D'ing GOIH right now.
That PR was proven false.
100% of Petar's time? If Wessal is real, they're gonna be upset that Petar's been working on his Colchester development deals instead of running things at SLJB for 100% of his time.
That was a fake article. Someone copied a real EMAAR article posted that day that had nothing to do with SLJB, and rewrote it.
I think it was another basher attempt to cause chaos and confusion using MGB, thus diverting us from focusing on what's really in front of us.
Good find Asus.
Wessal International Group
Sare Street Al Slamhe
Jeddah Saudi Arabia
(44) 203 002 3884
Wessal International Group
Sare Street Al Slamhe
Jeddah Saudi Arabia
(44) 203 002 3884
Wessal International Group
Sare Street Al Slamhe
Jeddah Saudi Arabia
(44) 203 002 3884
Wessal International Group
Sare Street Al Slamhe
Jeddah Saudi Arabia
(44) 203 002 3884
I was told that Marquee and SLJB had a 90 day trial agreement, and at the end, both parties agreed to go their separate ways.
That's plausible. Where I work, I've had to schedule conference calls in the morning just to talk with people in London before they go home for the day.
http://www.investorshub.com/boards/read_msg.asp?message_id=14912057
Check my earlier post about Phil Roth. He runs Consultech in Germany and seems to be the connection between SLJB/CCM and the Middle East. Maybe Petar's dependent on this guy to help pull off that end of the deal.
Anyone know who this Phil Roth is? Supposedly he's in charge of Consultech in Germany. Maybe he's Petar's boss in all this.
http://www.investorshub.com/boards/read_msg.asp?message_id=12940404
Posted by: BR549
In reply to: None
Date:8/27/2006 10:57:51 AM
Post #of 176924
This is a bit of history on how this may have come together.
Starting here with the German - UAE Economic Partnership forum in July 2005
http://www.epforum.ae/uae-uk/pdf/UAE-GERMANY-2005-REPORT.pdf#search=%22German%20UAE%20economic%20cou....
Now in Aug 2005 Dr Phil Roth (CCM - Europe)shows up on LFWK's doorstep as shown in this Aug 17, 2005 PR
NASHVILLE, TN -- (MARKET WIRE) -- August 17, 2005 -- LoftWerks, Inc. (OTC: LFWK) today announced a Joint Venture Agreement with Consultech Construction Management, Inc. that mandates a three-year term for design, planning, and consulting services in two target markets: one in Canada, the other in Europe (Germany). The Company's retainer should more than double the allotted $12M (US) with bonuses and incentives based upon performance and revenue production. The Agreement was finalized yesterday evening between LFWK CEO Dennis Ammerman and "CCM-Europe" Director General, Dr. Phil Roth, and will commence with a formal document-signing late next week.
Germany is a player here also.imo
You're referring to Stock H.O.G. He's still around and holding his shares.
Not by far.
To be honest, it's pretty amateurish, right down to the cookie-cutter design template they bought from somewhere.
My best guess is that they paid for an account with a webhost who offered "self install" design files through a control-panel dashboard (kind of like one-click install of blog software, or a guestbook, forum, etc) where you have to log into your account.
OTOH, construction companies aren't known for having slick hi-tech web sites, either. There are a lot of crappy ones out there.
I don't want to come across as bashing, which isn't helping anything right now. I'm just sharing my insights from my 12+ years in the web business. Hope this helps.
Nope. I work for a large web site and know that this can all be done on the fly. The heavyweight companies usually stage "development servers" in build stages (usually by due dates, the company I work for does it every week) to test for quality control with code and then switch over to our live environment.
If it's down, that means it was taken down. I honestly was surprised they even put up an apology for the inconvenience as opposed to leaving the directory empty which would result in a 404 error page.
Sulja is a shell now with a CEO message, Kore is down, Consultech is down. Loftwerks is still up. VGIC.biz is a shell.
My initial guess is that they're trying to delete, unfortunately... the good news is that everything is still retrievable through ISP, Google Search (cached pages), and Archive.org ...
I don't want to be an alarmist, but the disappearing content isn't giving me any warm fuzzy feelings.
Where is the Builder Forum? Got a link?
"slight delay"....Pretty funny.
I received word a while back that Skin and Chip are both out of SLJB as of about a month ago or so.
Party is still in, but has been flipping according to the same source.
DOMS may have a long wait too... more like never!
PV didnt make a promise. He said "hopefully".... which left him an out.
Patience pays off for these longs who wait. I personally think we should be thanking Petar for all that he's done thus far. Look at the big picture and buy and *hold*
Look at this great video which is living proof that if you pick a spot and wait, it will all come to you easily! Just like SLJB will come to all us longs easily .... soon! IMO
http://video.google.com/videoplay?docid=-760820435866344019&q=incredible&hl=en
Great video, isn't it?
You were born today! Brand new profile... I just put you on IGNORE, and i suggest everyone else do the same.