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As long as SLJB trades, there will always be SOMEONE who will buy it. There is a board here on Ihub which looks ONLY at stocks selling between .0001 and .0009. SLJB is NOT on their watch list for some reason. They must have looked at it and said, no, this is TOO much of a scam.
Bucky is a bit unique. He is buying because of his stated position...that his pal, allinone made a lot of money on this scam and he feels he can too. Fascinating because the last post from allinone follows. Sure doesn't sound like someone who walked away a winner. I think maybe allinone is not as much of a pal as bucky thinks he is.
Excerpt from allinone post
Posted by: allinone Date: Friday, December 01, 2006 1:56:37 AM
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.
Ever since the Windsor Star printed the SS statements. it has been the "true believers" position that it can't be taken at face value because everyone "knows" they were instrumental in bringing SLJB to it's knees. The fact of the matter is..... if a newspaper (or any media) prints something that is not true of if someone were misquoted to your detriment, who would not refute it or for that matter, sue the publication? You could hire an ambulance chaser on a contingency basis and there would be a line of lawyers vying to take the case.
Regardless of what is said, the Suljabberites have what they believe to be a plausible argument against it. They operate on the premise that it is all a great conspiracy. That there is a (HUGH-lol) short position out there waiting to pounce. Never attempt to confuse the issue with facts. The "believers" have swallowed the kool aid and are now full of it...in every possible way to construe "full of it".
The OSC does not have the right to hinder, that's mistake #1. Mistake #2 would be if the company doesn't IMMEDIATELY become transparent now that the OSC has taken steps to shelve this for the foreseeable future. It is ultimately up to the company to quickly dispose of any doubt and/or to correct any mistakes made, and by doing so negate any further attempts to drag this on for eternity by any regulatory agency, or anyone else.
The long investors have invested not only alot of money but for some, two years+ of our lives as well....and thus will be holding for full valuation...THEY ALSO WILL CERTAINLY BE QUICKLY PURSUING OTHER LEGAL AVENUES OF LEGAL RESOLUTION SHOULD THINGS NOT PROGRESS FORWARD IN A TIMELY MANNER, now that the OSC has chosen their path.. 14 more months is not a timely manner, by any standard.
THERE ARE TIMES WHEN POSTS JUST COME BACK AND BITE YOU IN THE BUTT EH RINGY ? HOW ARE THOSE "LEGAL AVENUES" PROGRESSING ?
THAT'S HUGH !!!!!!!!!!
Well, that's a lesson that I must digest. It is HUGH ! It is a brand new concept. What is your average cost and when do you plan to sell to capture your phenomenal gains ? Anyone as astute as you must have a game plan. I am more than willing to learn from a master investor.
HAve you been in contact with Wessal to determine if they do indeed own 25% of the OS ?
I am certain the board is eager to hear your reply.
You have to hand it to the architects of the scam. They designed it so no one could do any DD on the "cement deals". They were all in the Arab world where business is only done with insiders, usually family. If you try to verify anything at all with Sulja you will come to the inevitable conclusion that there is nothing of substance ANYWHERE, other than the money lost by investors. THAT was VERY substantial.
Try to track down "Wessal", the 25% SLJB stock holder. Now there was a mythical beast if ever there was one. So many red flags, but so many ignored them.
As usual, your DD is a bit faulty based upon erroneous bits and pieces of information you sift through.
You wrote:
AND, just because the possibility exists that SLJB MAY at some point be put on revoked status, (Not yet tho! Check the Nevada SOS business entity site and you will see that Sulja, along with both Kore and International Trading CCT LLC, are all currently on "default" status, with no expiration date listed for any of them) that doesn't mean much to me
Dear Mr. XXXXXX,
Thank you for contacting Secretary of State Ross Miller’s office. The entity in question Sulja Bros. Building Supplies, LTD will go into a revoked status Friday May 1 unless the Annual List for 2008 and 2009 are filed and the fees are paid for both years. If this entity does go into a revoked status, it may be reinstated by submitting all back fees, penalties and a Reinstatement Packet which is found on our website at www.nvsos.gov. Unfortunately, I cannot answer any trade questions; this is something you make want to seek legal council about.
If you have any questions or if we may be of further assistance; please do not hesitate to contact our office.
Thank you,
LeAnna
Nevada Secretary of State
Customer Service
www.nvsos.gov
As it relates to an investment in Sulja Brothers Building Supplies, your platitude is a trite, meaningless statement that is presented as if it were significant. It is not !
On a scale of 1 - 10, how much confidence does today's "non issue" corporate registration revocation instill in the "long" investors ?
Do you feel a bit betrayed or do you think a RM or buyout or some other form of resurrection is imminent ?
Does the threat of complaints being sent to the GSA cause any trepidation ? Do you feel Steve Sulja is just biding his time, hiding his hand, keeping things close to the vest as it were ?
I find it humorous that there are still those clinging to the idea (hope) that the scam is alive and well. It is comparable to the Stockholm syndrome or, the Heaven's Gate cult.
* Heaven's Gate was an American UFO religion based in San Diego, California and led by Marshall Applewhite (1931-1997) and Bonnie Nettles (1927-1985).[1] On March 26, 1997, police discovered the bodies of 39 members of the Heaven's Gate cult, all of whom had died by apparent suicide. [2]
The group's end coincided with the appearance of Comet Hale-Bopp in 1997.
Watch the skies SLJB longs, there's a comet a comin' !
janniebgood posted....I have heard an somewhat plausible explanation from Steve Sulja about the press releases...have you?
NO, I certainly have not. I look forward to you relating to me and to the board just what explanations/excuses Steve Sulja came up with. Please tell us what he said that convinces you that he was not cognizant of what was occurring. You have always appeared to be relative sharp, not much gets past you and yet.
If Petar Vucicevich told you he was victimized by DeVries, that he had no knowledge that a scam was being perpetrated, would you believe HIM ? If the answer is "no" why is that, since you choose to believe one of the thieves and not the others.
Ah well, let's see. You "forgave" him in order to glean more information ? I can't say I agree with that strategy nor (I would think) can a lot of other shareholders who were stung unmercifully. I hope the "information" you received from Sulja was worth something because his word sure as hell isn't. What would make you believe someone who OBVIOUSLY knew what was happening or was criminally ignorant would tell you the truth about ANYTHING ? The very LEAST he could do would be to write an explanatory/excusatory statement to the shareholders. "Please forgive me for I have only a fourth grade education" or "Petar Vucicevich held me down and MADE me sign those nasty PR's.
I really don't care that you forgave him but I sure don't want to see him defended in any way shape of form on any forum.
But that's just me.
While your defense of Steve Sulja has been admirable (from a misplaced loyalty aspect) I haven't a clue as to why the future of IT CCT LLC is an issue. As Hockmir pointed out, you have stated on more than one occasion that the two (SLJB an IT) are not related so how does Sulja's personal business fortune enter into an SLJB recovery ?
As you may have guessed, I have no love for Steve Sulja. His rope a dope excuse is crapola. If you look at the history of SLJB PR's, his name was on the majority of the misleading, nay FRAUDULENT releases. And STILL you defend him. Personally, I hope the guy is hung out to dry, through the legal system and then run through the financial wringer.
As much as I hate to be judgmental, if you are having difficulty understanding the ask, bid, buy sell aspects of securities trading, you are definitely in the wrong place at the wrong time.
SLJB is a scam, the shares of which are being "tightly held" (according to it's shareholders) and they will not sell until it (according to their belief) reaches the NASDAQ. If you had done sufficient DD, you would know this already.
Does the stock go up when people are selling or buying ?
Does this question typify the acumen of the majority of SLJB investors ?
Maybe that should be a statement rather than a question.
So who can, with reasonable certainty, tell the board what the ramifications might be when SLJB (NEV) has it's registration revoked ? Will it be able to trade and if so, how can this be if it is not a registered security ? Will the revocation be permanent ? Can it be reinstated and if so, at what cost ? I have heard that upon revocation, a name change is required and if this is true, it follows that a cusip change would also be required.
I am not up on security law or what the laws and/or requirements of the State of Nevada might be.
ANYONE ?
Hockmir,
May I refer you back to post #298854. You show me your's I'll show you mine. LOL
Let's review things again. You buy 1,000,000 shares of scammy SLJB for .0004. Then you sell 1,000,000 shares for .0008 and you make $4000 ?? That is the premise upon which you base your investing ? Called voodoo math ?
If your timing is wrong (which I almost guarantee) you will lose your initial $400 investment. There is a world full of penny scams out there to flip if that is your methodology, but investing in SLJB is MYTHOLOGY.
When you state SLJB is not a scam, you profess to know whereof you speak. So please relate how you came to that conclusion.
Would you like to post some of the reliable DD you have amassed to prove that SLJB is not a scam ? In the interim, possibly you would like to educate yourself i.e. basic mathematics and investing 101.
Sulja Bros. Building Supplies
CEASE TRADED IN ITS HOME PROVINCE OF ONTARIO
ALSO CEASE TRADED IN THE PROVINCE OF ALBERTA
OSC, RCMP & SEC INVESTIGATIONS
PINK SHEETS WARNING - CAVEAT EMPTOR
AMENDED ALLEGATIONS OF THE ONTARIO SECURITIES COMMISSION (including additional respondents)
http://www.osc.gov.on.ca/Enforcement/Proceedings/SOA/soa_20080616_sulja.jsp
OSC ORDER TO HOLD FORMAL HEARING ON NOVEMBER 16, 2009 TO DECEMBER 11, 2009
http://www.osc.gov.on.ca/Enforcement/Proceedings/RAD/rad_20080911_sulja.jsp
Hockmir, can you please provide a link that will show what the intrinsic value SLJB Nevada might be. It is my understanding that SLJB, Windsor is no longer in business so since there were no assets transferred to SLJB Nev. it would appear to me that it is worthless. If it is your contention that there ARE assets, could you please provide a link that would verify that ? If you are unable to provide such links would it not appear to you that many people still hold shares in an absolutely worthless stock ?
Thank you in advance for your answer.
So what happens in 13 days after SLJB does not comply with the SOS of Nevada requirements ? Do we throw a handful of dirt into the grave ? Anyone ??
Hockmir,
That is a thorny question isn't it ? If there were a class action, would it take precedence ?? Somehow I doubt it. The government always has first dibs. In my mind, the question is, do the shareholders not understand that there are law suits lined up wating for SLJB to declare some type of value ? Of course there is always the contingent who feel the lawsuits were dropped because the lawyers didn't think they could win. Good luck with that supposition.
Micah, the answer is to join in the class action suit if SLJB ever develops any assets. I can forward you an e mail address where you can leave your contact information if you so desire.
The Buckeye1
I just saw your post....
I wonder why anyone would have bgt 50,000 today at .0008?
No one bought at .0008. They bought @ .0001 which took the price SOARING to .0008. That 50.000 cost them $5 + commission. Equivalent to 2 Big Macs
Gee, I wonder why someone SOLD 40,000 shares today. They must have needed lunch money.
Some people have either forgotten their DD or never discovered the following which gives you a glimpse at how convoluted this mess really was. How many times must this and similar findings be posted ?
A short position in Loftwerks ? What does it matter ?
________________________________________________________________
17. DeVries also arranged for Loftwerks and, later, Sulja Nevada, shares to be issued to himself and to Kore International Management Inc. (“Kore US”) in order to sell them into the market.
18. The Loftwerks shares from Transfer Online came from the Loftwerks treasury and were distributions within the meaning of the Act. The shares were then sold through the Nominee Accounts, with no prospectus qualifying them and no available exemptions from the prospectus requirement, in breach of s.53 of the Act.
19. In directing share trading in the Nominee Accounts, Vucicevich was advising and committing acts in furtherance of trading without being registered, in breach of s. 25 of the Act.
20. In arranging for the Loftwerks and, later, Sulja Nevada, shares to be transferred into the Nominee Accounts, DeVries was committing acts in furtherance of trades in Ontario without being registered to trade, in breach of section 25 of the Act.
21. Vucicevich and DeVries continued to issue press releases throughout February to April, 2006 announcing, among other things, that Steve Sulja was Chief Executive Officer of Sulja Brothers Specialty Building Materials, Ltd., a company which appears never to have been incorporated, and that Loftwerks would merge with variously named Sulja companies, some of which did not exist.
22. In fact, Loftwerks never did merge with Sulja Ontario, or any other Sulja company, but, in the end, it simply changed its name to Sulja Nevada as set out in paragraph one of these Allegations.
What possible difference does it make how large a short position there is (if indeed there is one) if SLJB goes belly up ? It makes not one wit of difference is the answer. This "massive short position" has been repeated for years and yet there is nothing to verify it, much the way there is nothing to verify ANYTHING about SLJB other than what has been revealed by the OSC. And don't you understand, that is the way it was intended. A riddle within a mystery within an enigma.
People speak of Sulja Bros. as though it is a viable security but even the most naive know that is not true and yet even today, two and a half years after it's effective demise there are still those who are screaming about "shorty". Time to put all of the myths to bed and watch what develops.
I think what they said was he should have been more cognizant of what was going on. Sulja undoubtedly pleaded and continues to plead his case on the basis that he was "duped". It would appear that among his other failings, he is very easily duped. Anyone who has confidence in a business with a CEO as seemingly uncomprehending as Mr. Sulja is in serious jeopardy of losing his caboose.
Patience SloJon, it will all be over soon. Since Stevee hasn't seen fit to release a PR in over two years, what makes you think that Jan can talk him into releasing one now or would even be interesting in doing so ? Be careful what you wish for. I know you're all antsy but remember there are only 30 days in April.
Especially since it would take the lordly sum, of $200 to make everything alright again?
$200 will make the scam go away ? WOW. That IS a measly price to pay. LMAO
I wonder how much empty shells are going for today ? Maybe I can buy it, do a name change to Kimberly Diamond Mines CCT LLC. Motto of "We dig deep while you sleep". I'll start out slowly with an O/S of say 500,000, hire a Canadian PR firm and maybe get DeVries as a partner.
Earnest
Quite possibly you are privy to information that I do not possess but it was my understanding that Sulja has partners involved with him in his IT CCT LLC firm and they may be primarily responsible for much of their business. It doesn't take an Einstein to ride on the coat tails of others.
I don't personally know the man, all I can judge him by are the decisions and actions that he is purported to have made. Those actions, in my opinion, were made by someone who is not terribly bright.
Earnest old pal old chum, I'm not certain where you came about your information (or opinion) >>"I think Stevie boy plays the dumb, uneducated farm boy thing real well. He is not stupid." For my part, I tend to disagree with you. From everything I have heard and read, the only thing Sulja may have going for him is the fact that he's willing to role over and do a number on PV (it's not a bad thing). If he can win some sort of immunity, good for him. It's known as peasant shrewdness or the "I was duped" excuse.
As for his "intelligence" I would be more than glad to hear some examples of his acumen if it's available to you. I really don't give a flying fig what Jan says, he's a perp and deserves the perp's reward.
When you say y'all, who are you referring to ? The only one I see on the board is Jan Baja who says (paraphrasing) "I came to forgive him for the part he played in the scam which I believe was a minor role" ! It is my opinion that is comment represents the ultimate naievete.
How does that translate into "y'all are Sulja apologists ? I'm all for stringing the sucker up by his bollocks as are the majority of the people whose posts I have read on this board. Just exactly what is it you are referring to ?
The Elmira guru is the only one I have seen who believes the Great Apostolic member, Steve Sulja, is guiltless and his insane beliefs matter not one wit so who is it you are directing your ire against ?
And hang himself he will, or has already. No one ever accused Steve Sulja of being the sharpest knife in the drawer. The intelligence of someone who was so easily "duped" is questionable at best wouldn't you say ?
Gee, and all his time, I thought Sulja's fraudulent intentions were obvious. Silly me.
Regarding accusations/allegations, they seem to have been enough to prevent SLJB from trading in Ontario or Alberta. I guess they ARE enough to cause some problems, eh ?
In the meantime, the clock is ticking and the faux guru is in agony which is enough to make my day.
Way to go Earnest. I will join you in that effort. A chorus always sounds better than a solo.
Why would someone who has been burned by "The Scam" be interested in giving Steve Sulja a break ? Why, when Hockmir writes derisively regarding people who "claim" to have spoken to Steve Sulja, would they intervene on (effectively) behalf of the "dedicated" longs" and the welfare of Steve Sulja ?
For my part, I hope ALL of the miscreant perps suffer not only financial loss but incarceration for protracted periods of time.
Thanks for providing the incentive to make the GSA aware of the possible conflict. I appreciate it !
Someone please explain why there should be any conjecture at all concerning what Steve Sulja may or may not do regarding the dead SLJB.
If, after all this time, it is not obvious that there will be nothing forthcoming from the CEO of the now defunct "security" I think it's a safe bet to say there will BE nothing forthcoming, EVER, other than the notice that SLJB Nevada no longer exists.
Attempts to tie SLJB together with IT CCT LLC and other business interests is ludicrous. This scam has gone on for so long it has become a toxic addiction to some.
Quite possibly, after May 1, this situation will become much more certain in the minds of those who hold out hope but then again, there are those who never say die ! After all, there is still a large cadre of people who believe that a Russian gold mining penny stock is still alive and this is more than a year after the last misleading PR from (you guessed it) a Canadian IR firm.
JGG...
I have to agree with you on this one. Regardless of whether or not Sulja was the author of those PR's it exceeds credulity to believe he was not aware of the contents. He certainly had knowledge of what was happening. To deny this is ridiculous. Although he may not have been the architect, he was certainly a participant in the scam. I would hope that justice catches up to him in some manner but I have this nagging feeling that he will walk away unscathed. Sometimes, justice is blind.
Scams are excellent $3000/yr. capital loss tax write offs.
I have reiterated time and again about Steve Sulja's involvement and what laws are in play here, and what can and will happen should he ever shirk his duties as CEO of SLJB.
And yet, no one is listening. Hmmmm, I wonder why that is !