Sulja Bros. Building Supplies, Ltd (SLJB)

[rcsundevil]

I don't know, based on this PR back in March this is what they said.

http://www.marketwire.com/mw/release_html_b1?release_id=112699

-- 500,000,000 authorized
-- 100,000,000 control block held by Ammerman
-- 200,000,000 in Treasury earmarked for Consultech ownership during and
after takeover
-- 50,000,000 in certificate form, owned by enumerated insiders and NOT
TRADING.
-- An additional 78,000,000 owned in various certificate and electronic
form that is also held by LFWK insiders and accounted for as not currently
trading.
-- Leaving approximately 72,000,000 free-trading shares in the public
float (50M of which can be accounted for by LFWK management as issued to
non-insiders).

If I'm not mistaken the 100,000,000 shares that are Ammermans and the 200,000,000 earmarked for CCM will be restricted. So I don't know if you can these shares outstanding. The 300,000,000 shares issued in July are also restricted and non-trading. Then you have Wessal supposedly going to buy up 25% of the company on the oppen market. The outsdanding might be less than 200,000,000 shares.

In any case even if there were 500,000,000 shares outstanding then you can just devide all my numbers by 2.5 and you would have a share price of $0.52 to $1.05 (PE Ratio 10 to 20)

Based on 2007 Pro forma you would have a share price of $1.88 to $3.75

It's actually still good if all 800,000,000 shares were outsdanding.

Thanks for the input, I might change that before Monday.

http://www.urev.net/SLJB/Analysis.html