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.
Why are we down? Maybe I'm crazy but the two PR's seemed like GOOD news to me and we're dropping?
How so? The quote does no specify if it is good or bad news, he cannot benefit if he doesn't know if the news is good or bad.
Some people don't want to accept that their accounts most likely won't recover.
I have lost so much because of these idiots that I might as well hold on and pray people boost the PPS after the next BS PR so maybe I can find a better exit point, unfortunately I think there may be a line to do just that.
WTF? How dumb are they? What possesed them to claim they'd release PR's LAST week, then go dead silent.
The part that really really really pisses me off, is how they keep saying they want to regain our confidence, stated in the last PR. And with the statements they failed to follow through on they've done just the opposite.
Petar and Steve are seriously pathetic and incompetent. Any idiot could have known at this point not to make statements with a named timeframe if they didn't know for a fact they could follow through.
You know.. I'll be in Vegas on the 30th when the UFC has the Chuck Liddel vs Tito Ortiz card going on, I have to say I think me VS Petar would be a pleasant addition to my trip and the UFC event!
Yeah, pisses me off too. I want to fight Petar in a UFC exhibition match heh
This is my official Challenge to Petar to a UFC style octagon fight. 3 five minute rounds, same rules, maybe we can get big john or herb dean to ref it.
Crybabies? ROFLMAO Because we expect a company that blows their promises to start following through after saying they want to regain shareholder confidence makes us crybabies...
So basically, Crybabies = Rational Concerned Investors
You = Ignorant investor with blind faith
To not be concerned with the way the company is continuing to function is ignorance, plain and simple.
Sorry that I care about my investment and think its BS the way the company is continuing to make statements they don't know they can follow through on.
They're still idiots for saying this week if they didn't KNOW they could release info this week.
Will we even get a delay/excuse PR?
Heh, if SLJB uses it as an excuse we really should start to worry.
UH oh, maybe this is a bad sign then:
http://www.msnbc.msn.com/id/16187534/
Could be a "warning" shot from the sun, not that we have anywhere to hide if the sun comes crashing into earth roflmao
Failure to follow through once again?
From Mondays PR:
"CEO Steve Sulja also stated, "During the course of this week, we will be providing our shareholders with updates on this and any other deal that has been completed. We will also provide a detailed explanation of the SLJB corporate structure and other questions sent to us by our shareholders. We will be doing this through our press releases. We are committed to the success of SLJB and will work to regain our shareholders' confidence over the coming weeks.""
I will give them tommorow, but once again they've poorly worded their statements, "during the course" of the week should be replaced with "end" of the week.
I honestly hope they realize the importance of following through this time. They'd have to be some special kind of stupid to not realize blowing another date would achieve the opposite of their final sentence in that paragraph about regaining confidence.
My guess is nothing today
It wouldn't surprised me, they did state in yesterdays they'd PR more info this week, I would like to think they're smart enough not to make statements like that without following through with their current track record and how it affects their image.
I doubt it, not without a PR.
Can you provide explanations and math for those estimates? I.E how much money are they gonna have to be taking in to hit $1.11
With so many outstanding shares that has me curious.
Let's be realistic. This company will be surrounded by doubt and disbelief until they provide some very tangible and verifiable proof of their statements, most importantly (to me at least) some tangible evidence that they do in fact do business in the ME and the contracts are real.
The AF's were supposed to have been that evidence, the stock tanked because they delayed it delayed it, then blew the whole thing altogether and it was shrouded with lies. (I.E. Petar initially saying they weren't released because of the WS article and later stating it was because the AF's were inaccurate)
It is SLJB's own fault, they've blown it and brought the disbelief and doubt from the investing community upon themselves and you really cannot blame people for it, they have to prove themselves more than ever now.
I do look forward to PR's and information from meetings with them, but I do not take it as fact nor do I expect to feel better about this stock until I see some tangible evidence.
Honestly, I've been here a long time and I do not think they're all bashers (definately some but many are/were longs), I personally have some negative feelings about this stock because they have blown it over and over and I've lost a lot of money cuz of their incompetence, you cannot blame people for being doubtful and suspicious when the company has blown it so badly.
I blame the company for the drop for .09 to .01, I hold them responsible because they made promises that they are now basically saying they knew they couldn't uphold. Petar acted like he could post the AF's then instead of admitting there was a problem he let the "date certain" float by and put out a statement promising them in the morning, blew that too. Then he had the nerve to blame the Windsor Star article instead of being honest and saying the AF's were inaccurate.
I have a vested interest in SLJB because i have shares that are a lot less valuable than when I purchased them but I'm not gonna sit here and be some ignorant believer, I personally hope it all works out but blind faith in this company after the way they've screwed many of us is foolish IMHO.
If they don't then they're digging themselves a deeper hole. They said they would, the last thing they should be doing now is not following through. They've managed to [screw] up enough on not following through already.
I'm not the biggest fan of the news but then again I still have a bad taste in my mouth from SLJB.
I think the PPS is also reflecting that updates alone aren't going to get this moving.
I hope they don't do another "update" and the next PR confirms it as signed and completed, couple that with announcing production has commenced and I think we'll be on the move.
Signed by me
If you do get a meeting with them in person, and if you have the capability, try and get a video recording of it, and post it on YOUtube!
They probably wouldn't agree but if they were for it I doubt they'd be very dishonest on camera.
I'm certainly not a basher but:
"When the crimnal price drop occurred on the 16th for .09 to .01 walk down in minutes...I'm sure they covered a lot of their hedge fund allies short the stock at the cheapest price they could."
The criminal price drop?
That day i lost thousands of dollars, but based on the volume of the sales going through etc... it seemed like panic selling because of petars ability to screw up.
Can you explain how it was criminal and how there would be any proof of criminal activity?
I wouldn't mind as long as someone rips out his caps lock key, when he gets emotional it seems to get stuck....
7k?? Let's see, guaranteed US $.90 per ton.
.90 x 8,400,000 = $7,560,000
Am I missing something?
This part of the PR irritates me:
"The buyers have agreed to take delivery of 8,400,000 tonnes per year commencing immediately once the buyer completes their banking documents."
I just wish they'd have waited till the banking documents were completed and there was no way to doubt this would happen
Wrong. You do not have proof. While it could be said it is unlikely they exist, unless you've obtained an official and traceable document from PWC and any other company said to be involved explicity stating without a doubt that there was none, then you're simply assuming.
Granted it seems more likely they don't exist but don't claim something as fact, thats foolish.
Iblubber:
FYI:
Thanks, hopefully they get the AF's completed and out soon, will keep my fingers crossed, heh
HOG:
Just curious if this:
"16) When they broker deals, only the commission hits the books and is taxed. If they didn’t do this, the taxes would be massive."
had anything to do with the innacurate financials?
Did petar mention why he didn't tell us they were innaccurate instead of acting like he was posting them that night? Did he say why they blamed the Windsor Star article instead of coming out and saying they were innaccurate.
Did he mention HOW they were innaccurate?
I don't understand why Petar would say he had the AF's and was gonna post them if he knew they were inaccurate. If he had them in his hands as he said, wouldn't he have immediately stated "Sorry everyone but these are innaccurate and will not be posted"
Why continue to act like you're going to release them if you have them on hand, should know they are innacurate, and then blow the deadline and instead of saying because they were innacurate, blame the Windsor Star article.
If the previous work WAS done by PWC, would they really send a client "innaccurate" financials? Would any auditing company give their client innaccurate financials?
The info from HOG and Airys is good stuff but I'm still concerned because this just doesn't add up right.
Did anyone that called the last few days ask about the Middle East business ? Any info relating to it from Dave or the other person answering phones?
So now not even a mention of AF's? =/
They have a couple of lumberyards, doesn't mean they have ANYTHING to do with the middle east.
Next PR i expect to be something along the lines of:
"DUE to negative posts on internet forums that give a bad image of the company similar to the effect of the Windsor star article, our lawyers have advised us to wait to release the Audited Financials. After we have met with each and every negative poster and worked out a solution with each one, we will then release the Audited Financials. We have the AF's in hand and will release them as soon as possible, we have nothing to hide."
Actually I wouldn't be surprised if we saw a PR but I would be suprised it if had any factual/verifiable solid info to help the stock.
Probably just some nonsense about windsor star or another AF date that no one will believe.
Most likely it's just in his opinion and pure speculation.
Hey if i was still in i'd be all for them deleting negative posts to sustain whatever PPS can be sustained. all about agenda at this point
I find it odd that we had supposedly been told they had bought and in one day the volume almost matched the float, so either thats short shares being traded or wessal doesn't exist or does'nt know who SLJB is