Sulja Bros. Building Supplies, Ltd (SLJB)

[Visiontrack]

Here's one from the past.

Lofwerks renovated old buildings in the inner city and built stylish lofts. Dennis Ammerman purchased most of his supplies through Sulja Bros, mainly because of the quality of the material.

- Consultech Construction helped Dennis rebuild some of these buildings. They also used Suljabros to obtain supplies, because, they own Sulja bros.

- Dennis owed Sulja bros quite a bit of money from past building supply purchases. When you're a good customer, lines of credit can be pretty extensive when you have property as collateral.

- Naked shorts/shorts attacked Lofterks and drove the price of his stock into the dirt.

- Consultech was concerned he might not be able to pay back his loan.

- A merger idea was formed. Consultech obtained a majority of the restricted shares.

- After the merger, Consultech voted (by virtue of having more shares) to buy out Dennis's 100 million shares. 10 million dollars and probably some lofts were agreed upon.

- Sulja came public under its new ticker.

- Consultech owns Sulja. Consultech is owned by Vista International.

- Vista International and Consultech have been building structures in Dubai, Germany and Europe for a number of years.

- The construction growth in Dubai caught both Vista and Consultech by surprise. They want the work.

- Wessal, via it's subsidiary "The Red Sea Group" has been supplying material for many projects in Dubai for a number of years. Probably one of their main customers is EMAAR.

- In the past 6 months, they have been having a difficult time obtaining materials of high quality (based on numerous press reports of the area).

- Vista International also needs these materials. Especially, good quality soft wood.

- Wessal teamed up with Vista International to help Sulja bring those supplies and materials to Dubai and the surrouding area being impacted by the construction boom. Hence the 25 million dollar loan and offer to purchase 25% of Sulja's stock.

- Sulja is now putting the pieces of the supply chain in effect to maximize profits, maximize delivery time, and maximize materials needed.

- In the meantime, Sulja still has a thriving business in Canada and the U.S.