Friday, September 15, 2006 10:13:32 AM
Long story short, drop what you're doing and buy now, LOL. Seriously though, always do your own DD, yada, yada. But I'll get you started.
Sulja Brothers, Inc. (SLJB) is a Mideast-based construction company which was a private company for the last 20-30 years until merging with LFWK (you may have heard that one a few months ago...wish I had gotten in from the ground up there). Anyway, SLJB merged to go public the cheap way. People who got in with Loftweks (LFWK) early saw stock prices go from .001 to its present PPS (under new ticker SLJB) of .12. Huge gains already for some. Sulja is only a pink, supposedly, because they wanted to go public. Sometime next week their releasing their audited financials. It's anticipated that they will be very positive. There's currently 800M O/S and financials are estimated at around 20M profit (or .025 EPS). Even at a modest P/E of 10, we'd be looking at at share price of .25 (keep in mind, this is currently half that). Now these are just estimates, but that's what the big news is right now. They're also estimating 2007 net profit of just under 100M (or .125 EPS). In case that isn't good enough, another company, Wessal, has announced its intention to buy 25% of the company on the open market. And there's supposedly about 200-300M shares SHORTED right now. So today is a last ditch effort for shorty to cover and investors to buy in before the big news.
Of course, IMO only, this is going to be HUGE. Check out the board for it, too, there's some great DD there. I bought in this week at .081 and I'm very pleased at a 50% gain in three days.
And while I typed this, the PPS went to .13, YAY!
The Parrot has spoken.
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