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.
Interesting, bashers out in force, maybe shorting going
on and some weak hands selling.
I understand. It happens. But I am holding to my
over 1mn shares. Look for a substantial PR in the next
24 hours.
Prof.
Someone(s) loading big time here. Good hint that we are going up fast on the next big news.
Prof.
That is a good question and one that may involve more naked shorting and fails to deliver...meaning shares that should not be out there. If it is as massive as it might be and we all called in for share certs, it could possibly cause the stock to halt trading untill all shares are accounted for and if not then legal action may have to be taken.
Hopefully we do not have to get to that. What would be a better
scenario is that shorts have to start covering as the price makes its way higher by way of Wessal buying, audited financials, oil money buying, cash dividends, etc.
In any case, it would be good to get a PR soon that updated us on the current share structure.
Prof.
One very positive aspect of Wessal buying 125mn shares is that whoever held those shares would we much shorter sighted than Wessal, i.e. flippers and retail investors. So we are going to have 25% of o/s in very long hands.
And no one can touch them.
Seems like we have been doing some churning lately. But I think we are going to do some burning once all the Wessal buying is done in a week or two.
Prof.
I think something is about to break and it will be to the upside. I think Steve and Wessal know what the share issue is and what is needed to break the massive short situation and MM games.
You know that this company, even without audited financials should be at .50 at least right now. So something is definitely wrong, even in pinkyland.
I think they have the tools and will be pounding this issue like a hammer to the Berlin wall.
They have deals, audited financials, cash dividends, more reverse mergers, major IR campaign, oil money, etc. in line to pound one after the other until the short covering at low levels and flippers are all absorbed and the pps takes flight level upon level, past daily corrections to the $$$$ range.
But you got to be in it not to miss it.
Prof.
So what is your theory about what is really happening
Cuttin when you are having a hard time as other have getting
filled? No dilution. So is it lack of shares?
Prof.
We will get a U.S. IR to take our calls soon. That is reassuring to get such global IR coverage. Look forward to it within 10 days as well as more detailed financials in September.
Maybe there is a lot of flipping going on. But who cares day to day, when the ground keeps rising over time, like a brand new building in Dubai!
Prof.
gas and all, how about we all ask for certs? That way we can really see what shares we have. AIR shares or REAL shares.
If everyone called for certs. and held, then I think this would burst up or cause a mass breakdown. Either way, the truth will come out.
Prof.
You are making a mistake if you sell here:
If you need cash right away for your sister's heart surgery,
god bless you. For the rest of us and flippers, we are seeing the rise of a major construction and real estate enterprise.
The problem is we are in pinkyland and all is a bit of a blur. However, step by step we are being pullled out of a deep hole that was dug last April being heavily shorted from .30 to .005. But look at examples of real companies that made it past the shorts and flippers: PTSC, ABLE, ZENX (ADDL), GNBT.
Did the price go up contstantly? Look at those charts, they went up quickly, but with corrections and so forth. That is what "building" a share price is all about (no pun intended).
Warren Buffet said to find stocks that are mispriced because other investors do not know...well part of that is because we are pink. But that is the best opportunity if this is real.
And from every follow through, step, and number, they are doing just that. I could have given up at .025 when bashers and longs were worried. But now, we are triple that. And we have moved far above .005. You look at the less than 0.5 P/E for 2007E and you realize, we are in this so early, we should feel like we found a gold mine before anyone else.
You realize what Wessal is looking for? They aren't looking for a simple double from here. And they are not going to let that settle there either.
You watch over the next few weeks and months and see how we get pulled out of the hole and look up at some very tall buildings in the Middle Eastern sun.
Prof.
If you read the 2007 pro forma statement, they say more detailed financials will be out Aug 15. Where does it say audited?
Prof.
Isn't Wessal the IR in the M.East for SLJB? Ahhh, no this is getting interesting. Once Wessal is fully loaded, they have a SERIOUS interest in getting SLJB pps up with audited financials, deals, maybe cash dividend, etc.
They are not going to be satisfied with their client and investment until they hit the $4 requirement which SLJB deserve to trade at. One way to help is to buy the weak flipper shares from the company outright.
Prof.
I am saying it makes sense for the audited financials to come out after Wessal is fully loaded, having taken out the flippers and weak hands.
Prof.
I think a bit more considering the size of 1mn blocks.
I don't think Wessal would want to push the price up too much, too fast. In any case, it is good to have share in their hands rather than flippers and shorted shares.
Prof.
You guys don't get it! Think about this:
Wessal would certainly like to buy their 125mn shares at a low price. The 100~125mn short shares would like to cover low.
MMs are in the middle.
So shorts cover low and hand over to long, strong Wessal hands.
Get it? Remember when I said this stock will move up fast AFTER the buying is done?
Shorts and flippers from .03 range will be out. And then we can really move higher. And guess what! Audited financials will be a major trigger and so will a nice cash dividend.
Leave if you want. I am not selling a single share until
this hits $4...NASDAQ time.
Prof.
SLJB is doing all the right things to get out of penny land.
It is setting up a global IR team, showing MONTHLY financials..to be fully audited. Achieving massive deals, not diluting shares, capturing the shorts.
What is happening now tradingwise is with Wessal buying up flipper shares, there is churning from weak hands and some early short-covering to long-term strategic shareholders. This means 25% of the o/s from now on will NOT BE AVAILABLE for flipping purposes.
We are building a VERY solid pps base and moving up a level at a time. But make no mistake, we are moving up. Look at PTSC and ZENX (ADDL) that consistently moved to shake past the shorts and moved much closer to their fair value. Did they do it in a week? No. Did they do it in 6 months. Yes.
Hang on.
Prof.
This is looking better than you think because:
Looks like Wessal is buying and there are clearly many
that are covering or taking profit from the run up from .02~.03 range. This means we are switching over to stronger, long term
shareholders...not flippers!
So once the buying is done and we get more newslow and financials, we are moving to the next level.
Let it churn...and then we can burn.
Prof.
Mass of buys at .10. Hmmmm...think it Wessal? eom
I don't think Wessal has started yet. But when they do,
this thing is going to take off massively due to the lack of shares. It is simple actually. The shorts are going to have to cover at much higher prices as LFWK has mentioned.
Today was the setup. But the real rise in PPS is over the next
two weeks. Mark this post.
Prof.
WESSAL SAID F-IT, LET"S GET THIS TO NASDAQ NOW!
125mn shares is more than 10x avg 3M vol!!
Do the math and realize where this is going!!
Maybe we all get a $4/shr offer from takeover? EOM
STEVE, I LOVE YOU MAN!!!!!!
LOL, THE QUIET ONES ARE COMING OUT TO POST LOL
HINT: BUY NOW BEFORE WESSAL DOES....EOM
MY HEADACHE JUST DISAPPEARED! HALLELUYA!!EOM
WESSAL BUYING 25% OF SULJA!! NEWS!!!!!! EOM
Vision, would the audited financials include more than the one income statement on their site right now? Would it be as complete as a 10K? Would it be enough to satisfy an uplisting to NASDAQ or get back onto pinksheets quote at least?
Any time frame?
Prof.
Would the audited financials be much more exstensive that the income statement only on their website? Is it enough to satisfy pinksheets? NASDAQ? OTC BB (cause OTC needs a 10K).
Also, time frame?
Prof
Comon Steve, we need a juicy PR right now! Eom
Although I am long and and confident about the long run outlook, and the fact they put up monthly figures (good) on their site.
One reason why some may have taken profit is that the company did say audited financials were done (in March)...please correct me if I am wrong.
Now we just got the financials on their website which is most of an income statement...no bottom line or taxes. There are also no cash flow or balance sheet statements, which they had for 2005 I think.
They also said on the site they were forwarding their financials to a third party accountant. Now does that mean those financials on the site are all there is? Because there is a huge difference between what is on their site and a full 10K with all financials, notes, share structure, etc.
Of course a 10K would be great. But I just thought they would show a 10K or something audited by one of the big accounting firms.
Any thoughts appreciated.
Prof.
If in terms of the share structure, as they say, they have more shares than are legally available....meaning there are a whole lot of naked shorts and fails to deliver among brokers, then one way to once and for all clear the mess (or maybe create one first) is for everyone to ask for (or the company to ask for) shareholder certificates.
So brokers would have to get real certs for shareholders. Now I have heard of cases where that is a real problem if a stock has been heavily shorted.
Any opinions on this topic are welcome.
Prof.
Anyone have a sense of what the next PRs will be about? In the recent run up, there seemed to be people on this board who seemed to know just before the actual released that something was about to come out: financials (unaudited), listing on Dubai, big orders, etc.
So anyone have a sense when we might get:
-audited financials
-cash dividend
-shareholder structure
-other major deals
Prof.
IMHO, audited financials are the key to just about everything:
-Credibility
-Uplisting to other exchanges and even pink reporting. Keep in mind that OTC BB and NASDAQ would require real 10Qs and 10Ks, not the income statement on their site
-Much more institutional money
-A share price befitting a rapidly growing company of their size....not a P/E of 2.7x based on the last 12 months!
Release the hounds.
Prof.
What has changed? Not much, other than some profit-taking
that naturally occurs on a run up. But looks like that is easing since no one wants to get left out of a post-Canadian holiday PR run.
Fact is this stock is trading at a P/E of 2.7x based on an EPS of .03 from the trailing twelve month financials on their site.
Frankly the stock is mispriced in the Warren Buffet way. But this is pinkland and we do not have audited financials. So we get some quick flippers and MMs who do their thing. But the company has not changed and looks to have the kind of high margins and profitability that the vast majority of pinks and OTC BB companies dream of.
I would accumulate more, but I am all tapped out. It is easy to hold this stock and I can actually sleep at night despite day to day volatility.
Prof.
In terms of audited financials, maybe someone
can answers this which I cannot. They said they are
auditing the financials that we see on their site from a third party. But what we see is a fairly simple statement: monthly income statement w/out net profit. There is no cash flow or balance sheet, let alone shareholder structure or notes which you would see on an official 10K.
So can we expect a 10K? Is the company saying it will do one?
Also, if they can just get some auditied financials less than a 10K, can they at least be quoted again on the pinks? (I think they were before as LFWK?)
Anyway, some clarification of what kind of financials, and in what time frame would help. I was hoping for more details and audited numbers which would then help the pps IMHO.
Prof.
joe and chip, that is why I think we need full audited financials with balance sheet, cash flow and notes about what includes what. Whether they go onto OTCBB, NASDAQ as they say they want or Dubai, will need more I think than what they have on their site. For instance 10K or something.
Also, what do you think if we all ask for stock certificates to make sure we have real shares....would that force a cover or reveal a naked short situtation?
Anyway, so far the company is pushing ahead strong. The CEO and company show not only good credibility, but the ability to execute and communication to shareholders.
Prof.
My calculation for EPS and P/E are simple.
I think others have tried considering the financials.
Take net profit of $15mn and outstanding shares of 500mn. (we are not talking float yet). So we get a 15mn/500mn = EPS of .03. Now put on a reasonable 15x multiple and you get .45 pps.
But that is past twelve months and many Analysts look forward. So far, it looks like we are three times last year...and we haven't gone beyond a few months yet in the new year. So we would at least triple the EPS of .45 meaning $1.35. This does not include unnaounced deals or a major short squeeze which I believe will eventually happen.
Once full audited financials are available, we can expect institutions, retail investors and Middle Eastern investors (once on Dubai) to take SLJB seriously.
Looking forward to what develops.
Prof.
All JMHO. Do your own DD.
IMHO, It would help shareholder confidence and pps if we get:
1. Audited financials. I was impressed to see monthly data in such detail on the company's site. But was disappointed that there was no cash flow or balance sheet or net profit (think they are saying the tax part needs to go through Canadian Revenue Agency).
If they are going onto NASDAQ and Dubai, think they need full financials...what we see so far is far from the 10K which would be impressive. Hope the third party accountant is working overtime.
2. Shareholder structure. If they bought up more than is legally available, hope we can get a better sense of the short seller captured capital situation. I have a suggestion. If this stock is really heavily shorted and brokers have tons of "fails to deliver" so there are more shares than should have been given out....can't we all demand a stock certificate...requiring proof of our ownership....causing a short cover or at least proof of whether we have real shares or not?
3. A cash dividend. Dennis had already talked about how the company was considering one. Considering how profitable the company is, it seems plausible. I have seen a cash dividend help raise the pps very quickly.
I trust the company has a whole lot of PRs and tools to bring this pps up. I think the recent correction is perfectly understandable considering that the audited financials are not out yet (so not quoted on even pinksheets), and some would take profit since the run from .025.
I would also like to see a investors relation contact number so we can get some point of communications since they are not using Kore anymore and Wessal seems to be focused on the Middle East.
Long and strong,
Prof.
P.S. I had to get out of the RB message board...it is turning into a cesspool.