Sulja Bros. Building Supplies, Ltd (SLJB)

[THEKOOKBOOK]

nickulliana,

I would listen more to others questions but after reading these boards for a while you get sick of all the garbage that is posted here. Take this post example from a while back:

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I saw this post on RB. It might explain the shares.

snips, you're finally growing a brain in that empty head of yours. Wessal is a $25 million PIPE financier. The lower Wessal can take it down, the more of the acquired public vehicle it owns. (by the way, Eliott Spitzer's mom is a do-do head. There has been NO "MERGER", check 3 sources, 1) the Secretary of State - no merger filings - 2) the LFWK PR disclosing Sulja ACQUIRED , not MERGED INTO, the LFWK public vehicle & 3) Sulja incorporated an acquistion corp in NV).

Wessal is the parent company of the Red Sea Group hedge fund. There are no audited numbers because - 1) SLJB is an empty shell the Sulja Acquistion Corp acquired for ROI & 2) It would disclose the UNREGISTERED REG S SHARES RED SEA IS GETTING TO HEDGE TRADING FOR WESSAL'S BENEFIT, LOWER PPS.

What you have here is a variation on a SPAC scam. Instead of the Sulja Acquisition Corp being the blank check public vehicle, the acquistion corp ACQUIRED LFWK's PUBLIC VEHICLE (NOT MERGED INTO IT). If Sulja Acquistion Corp was the SPAC corp, it would require 80% shareholder approval to acquire LFWK. In this case, LFWK insiders own the float, they say, and are non-reporting. So LFWK never held a shareholders vote to approve the acquistion of their public vehicle by Sulja's Acquisition corp.

If the scammy pro forma numbers don't tell you its a scam, because the pro forma numbers are for another Sulja corp, not the SLJB public vehicle, the fact that LFWK sold the public vehicle to the Sulja Acquistion Corp, raised the a/s, retained an OFFSHORE HEDGE FUND, Red Sea Group, getting an UNDISCLOSED AMOUNT OF UNREGISTERED REG S SHARES THAT THEY ARE USING TO HEDGE THEIR PARENT COMPANY, WESSAL'S, POSITION IN SLJB TO OWN THE PUBLIC VEHICLE & ACQUIRE ANY ACQUISTION THE SPAC ACQUIRES DOWN THE LINE.

Wessal's stock preferences are still UNDISCLOSED AS WELL?

1) WHAT ARE THE MULTIPLES ON THEIR CONVERTIBLE? 1:100?

2) DO THEY HAVE SUPERVOTING OR/AND LIQUIDATION PREFERENCES?

This is what the Olsen Division hedgers did at QBID. They wound up with all QBID's assets that they transfered to their other shell corps. They also liquidated, with liquidation & supervoting stock preferences, 350 BILLION SHARES INTO THE FLKOAT VIA 5 a/s INCREASE IN 1 YEAR while STOCK-UP BLAMED "SHORTY"!! SHO reports QBID short interest is ZERO SHARES.
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At first glance to a newbie this post looks like a legitimate concern and may send them into a panic but it is just all twisted garbage with the sole intent to mislead would-be investors....

First of all as previously discussed here there is no need for an 8-k filing when the merger is done into a pinksheet stock. If you don't believe than find out for yourself:

Information Line (General SEC Information):
[phone]
TTY: [phone]

press "4" and ask for a securities specialist.

(Thank partysasquatch for that contact info)

Secondly there are no convertible or preferred shares in SLJB period. All of the 500 million shares outstanding are common shares. The shares that I own are the same shares that Steve Sulja himself owns. So a post that at first glance seems to raise red-flags about the company is (after about 5 minutes of DD) revealed as nothing but worthless propoganda garbage...

I know what you mean by looking at both sides of the equation but sometimes people's serious questions and concerns are confused with posts like the garbage above. If you have serious questions and concerns I would call Marquee Asset Management the IR firm. They are very helpful and can provide you with most, if not all, of the answers you seek.

Marquee Asset Management:

Ft. Lauderdale, FL
954-636-5041

Everything to date checks out with SLJB! Dwight at Marquee Asset Management confirmed that SLJB is working with both PWC and KPMG at this time to finish the audited financials. I have a friend that works for Price Waterhouse Coopers in Boston. He is on vacation right now but as soon as he gets back I am going to have him confirm they are a client for me just to erase any doubt at all about this whole thing.

As for right now...all signals are GO!!!

The Kook Book