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GM = Gross Malfeasance
Just a guess, but it certainly applies to SLJB.
Does anyone know the specific day for Black Pete's sentencing?
I don't think Black Pete kicked the bucket. I did a U.S. & Canada search on legacy.com and there are no vucicevich listings for 6 months. I also searched the Windsor Star for vucicevich and the only article is about how the fines are mounting in the SLJB pump and dump scam.
I doubt, given Gary Rennie's attention to the saga, that petar v's passing would go as quietly as this.
What is worrisome is the idea of petar v laying some public trail of his "death" in order to take a powder and live on the money he scammed from so many people.
I disagree, somewhat, bearluver.
I agree that the question of other parties participating in the demise of SLJB has been raised ad nauseum. Nevertheless, the person who raised the question (ad nauseum) was asked to provide some (any!) evidence of such an occurrence. No evidence was ever forthcoming (nor will there be). Simple fact is Andrew D and Petar V orchestrated a pump and dump scam and bilked a lot of gullible people out of a lot of money. They had some help (unwittingly at first, but later fully culpable) from the Suljas. There were no outside bogeymen pushing SLJB down further, no naked shorts, no evil hedge funds. Just a small, well known band of crooks.
Barely made it through one paragraph before writing of conspiracies and naked shorting.
Who wrote this? Provide a link. Give documented examples of where such a trading/investing strategy was used to manipulate the share price of a company. What's that you say? No, I won't look for any myself, I know such a search is futile and I know it is irrelevant to SLJB.
The paranoid scenario you posted does not apply to SLJB. SLJB was only a scam, and the only share price manipulation was done by Andrew D, Petar V and a well know cast of rogues.
If there were a large short position in SLJB (there's not and never has been), then it would be reported in the short interest. Short interest in SLJB is and has always been insignificant.
If there were a naked short position in SLJB (there's not and never has been) then failures to deliver would be reported on the threshold securities list. This has never happened for SLJB.
The lack of trades in SLJB, when there are shares available at market, strongly indicates that there is no material short position in SLJB. This is confirmed by the FACT that SLJB has not appeared on the Securities Threshold List. If a material amount of naked shorting of SLJB had occurred then it would have made the threshold list (multiple times).
The simple, whole truth is that SLJB has never been anything but a SCAM concocted by Andrew DeVries and Petar V. The simple truth is that the only people who illegally sold SLJB shares were the aforementioned miscreants and their minions, and the illegality was due to the pump and dump nature of the SLJB scam.
There was no conspiracy on the part of anyone to drive the price of SLJB down, there was only the insuperable market force of greatly reduced demand.
If there were even the smallest amount of evidence of the involvement of any others in the demise of SLJB, it would have been trumpeted ad nauseum here and elsewhere.
Three months and not a single SLJB trade...
One full quarter without even a share's volume of SLJB traded, this even though a large block of shares were allegedly offered at market by a shareholder in Elmira, NY.
This adds to the mountain of evidence that there is no material short position of SLJB and never was. Also, simple (and well proven) economics shows that no demand = worthless. That's SLJB.
Very true, marketmann. Moreover, if there were one tiny bit of evidence, however small, that any party other than the principals of SLJB were doing something to manipulate the share price of SLJB, it also would have been posted ad nauseum. No such posting have been made, only repetitious hit-and-run conjecture with no basis in fact. The only rational and reasonable explanation is that there is no such evidence.
Clearly there is no proof, or even any evidence (however scant) that anyone other than Black Pete and his band of crooks engaged in any type of price manipulation of SLJB intended to lower the share price. After 4 years of increased shareholder scrutiny and government investigation any such evidence would have surfaced already.
And while you're at it, hockmir, since you now have all the links you asked for, provide us with evidence that there were price raids designed to lower the price of SLJB.
hockmir has no proof or even evidence that there were any price raids on SLJB that were intended to drive the price of SLJB down. Absolutely no evidence at all. None. No one else has any evidence to this effect either.
Nothing will ever come to light about SLJB that indicates that it was the victim of any kind of price raid (offshore or on), shorting conspiracy or the like that was run by anyone other than Petar V and his band of crooks.
SLJB was never anything more than a pump and dump scam. All significant price drops of SLJB were due to free and open market forces driving the price down because, as dates for release of the audited financials came and went and the fabulous alleged deals never materialized, any rational and reasonable investor with even a modicum of intelligence could in no way deny that SLJB was a scam.
Heck, post proof, or even any supporting evidence of any deliberate downward manipulation of SLJB's price, other than the market forces of supply and demand.
No such evidence will be forthcoming ever. There will be only suggestion and conjecture, with not a whit of substantiation.
Yep, and all the activities in which the rogues engaged were designed to inflate the price of SLJB above its true value, not depress it below its true value.
He does not even have any evidence, let alone proof.
There were no price raids to force the price of SLJB down. The precipitous drops were due to (free and open) market forces. That is, supply and demand. The market demand for SLJB plummeted when it became clear that no audited financials would be released and all the claims in the PRs were highly suspect.
When subsequent events showed, beyond any reasonable doubt, that there never were any deals and that SLJB was nothing but a pump and dump scam, the price fell more. No conspiracy, no unseen machinations, just an example of the efficient market hypothesis at work.
If, on the other hand, we look for illegal and veiled efforts to manipulate the price of SLJB upward, then there is an overwhelming amount of evidence that Petar V, Andrew deVries and other SLJB players did just that. At this point, any rational and reasonable investor can see as much.
40 cents at a time? (The value of today's SLJB trades)
;)
Where in her post did Jannie say SS should not be punished? All she said was that he did not profit from the SCAM (you know the SCAM I am talking about, right hock? I am talking about SLJB which was ALWAYS a SCAM). Jannie never said SS should not serve jail time, just that there would likely be no disgorgement.
Moreover, Jannie never even remotely implied it's ok to commit a crime if you don't profit.
By what stretch of the imagination was Earnest's post being easy on SS? Earnest said the OSC got it right by finding SS in violation, and that SS DID know or SHOULD have known.
These low life con-men are so transparent even people in elmira should be able to see it.
All but one of them in Elmira, that is. ;)
SLJB Probabilities
Chance of CTO being lifted in Canada: Zero.
Chance of kool aide drinking longs who for four years have abetted and extended the SCAM that stole money from them actually admitting SLJB is a SCAM: Zero.
Chance of the Oracle of Elmira growing rich from his investment acumen: Zero (unless someone figures out a way for there to be negative probability).
There you have it. All guilty.
Hang 'em High.
http://www.osc.gov.on.ca/en/Proceedings_rad_20101028_sulja1.htm
http://www.osc.gov.on.ca/en/Proceedings_rad_20101028_sulja2.htm
Oh, this sucks!
I know all the sljb kool aide crew are now going to start in with, "You see, he's NOT guilty, since he didn't plead guilty."
FACT is folks, Petar V IS guilty of fraud and all the other charges against him.
My original post:
Provide a link with verifiable evidence that such a scenario happened to SLJB.
Provide a link to two honest press releases supplied by SLJB.
hockmire's reply:
There is no need for a link in a discussion of opinion. But I welcome an explanation of why you consider the concept "laughable".
So you are posting opinion only and acknowledge that there is not one bit of evidence that a married put or any other NSS conspiracy occurred.
Also you are dead wrong in quoting me as having said the concept is laughable. I never once posted any message, including the one to which you replied, in which I said the concept is laughable. Drawing tenuous, unsupportable conclusions from others' posts is one thing, but deliberately or recklessly misquoting them is another.
Provide a link with verifiable evidence that such a scenario happened to SLJB.
Provide a link to two honest press releases supplied by SLJB.
So hockmir you now acknowledge not only that SLJB is a scam, which you said on this board over a year ago, but also that Petar V was the one running it. Why don't you blame Steve Sulja any more? What evidence do you have that made you change your tune?
Please furnish a link to these Fast Women that you speak of !!
Umm... oh nevermind, that one is just too obvious...
I think Andrew deVries is laughing his butt off somewhere... having run this scam (SLJB) in the shadows.
I think black pete may make a run for it soon. I fear he will be successful and may never face justice. And to be clear, justice for pv means a long long term in prison.
Weren't IOU's issued for several of the transactions? Black Pete did handshake deals with little money down and promises for oh-so-grand payments later for at least some of the Sulja/SLJB/SAMS/KORE sewage laden rat's nest of deals.
Retaining counsel is not a sign of a company not being defunct. Very little logical thought would go into making such a conclusion.
Pan American World Airways was dead dead dead, but still had teams of lawyers to address legal issues the company faced. Same with Mervyn's of California, Circuit City, etc.
SLJB may (or may not) have legal counsel. No reasonable conclusions about SLJB being viable as a business entity can be drawn from whether or not they have legal counsel.
Since we are on the subject, let's all remember: SLJB is nothing but a scam, and always has been. There is NO evidence at all otherwise.
Do you mean SLJB when you write "she"?
If so, what is the basis/evidence for your opinion?
scorpio70, do you believe all of the PRs SLJB released to be truthful?
What, exactly, is your prediction for what will happen with regards to SLJB two days hence?
What is your evidence that the theory is preposterous? The theory that the phoney PRs were written by Petar instead of Steve is much more realistic, given that Petar has been indicted on a criminal count.
Provide a link to prove the theory is preposterous.
SLJB has no assets (and never did), so there is no hope of recovering assets that way. The only hope for shareholders is to recover damages from Petar Vucicevich, Andrew deVries, Steve Sulja and the rest of the thieves who perpetrated this scam. (And let's be clear: SLJB was nothing but a SCAM from its inception.)
Other shareholders have pursued class action suits of various flavors in the past, but the result has been the same: The lawyers said there are not enough easily identifiable and recoverable assets (either of SLJB or the individual perps) to make litigation worthwhile.
Also, any of the ill gotten gains recovered from Petar V. et al will be sold off and used to pay for the investigation, lawyers' fees and the like. There may be a SMALL amount left over that will be distributed to the victims of the SLJB fraud, but it will be pennies on the dollar at best.
...whether or not new counsel has been retained for Vucicevich...
Does this mean the OSC is (finally) fed up with the game of musical lawyers the rogues' gallery has been playing? Are they going to (finally) proceed with the thumping, defense or not?
12Ring, you were scammed by the crooks behind SLJB. Being scammed by a group of seasoned con men is nothing to be ashamed of. Look at all the allegedly "savvy" investors Bernie Madoff scammed.
However, trying to paint an obvious scam (which is what SLJB is at this point) as legitimate is just wrong.
Everyone who lost money in the SLJB scam should try to learn from it, and avoid have it happening to them again... please don't help perpetuate the scam, which only helps those who stole from you in the first place.
If there was any contact between the henchmen of the SLJB rogues' gallery and the powers that be in UAE, it was only in the (rogues') hopes of scamming the arabs out of money just like petar scammed you out of your money.
Do you have any evidence, at all, that SLJB is NOT a scam? An overwhelming amount of evidence has come to light showing SLJB to be a scam. No evidence, concrete or circumstantial, has surfaced that SLJB is anything but a scam.
With regards to the South Florida connection, are you saying that there were/are pump and dumpers actively involved with SLJB? That is, are you acknowledging that SLJB is a pump & dump scam?
Suspense...
Anyone have a connection at the courthouse where Black Pete(C) was doing his dance today? Any word at all?
If you believe in SLJB so much, or think there is a conspiracy holding it down, why not try upping your bid to 0.001? 0.01?