Sulja Bros. Building Supplies, Ltd (SLJB)

[FrankieJ]

If Ammerman relinquished control of his 100M shares, then this is the golden question... what classification did his 100M shares become? Were they added to the 18M (200M shares-120M shares)shares of public float? If so, that would explain why PPS has been held down successfully, with the sudden influx of shares.

CEO Steve Sulja stated: "The current outstanding shares are 500 million. There are 362 million shares held by insiders. Of the 362 million insider shares, 162 million are restricted. There are 138 million shares in the public float. The number of inside owners, of 10% of common class shares, decreased after the reverse merger. The increase of outstanding shares from 200 million to 500 million excluded holders of 20 to 50 million shares from insider status. Basically, three insiders with 40 million shares from the open market did not meet the 10% of class rule; therefore, they are no longer considered insiders