Sulja Bros. Building Supplies, Ltd (SLJB)

[WhiteSahara]

Another reason some don’t want A/F’s to be released.

During Dennis Ammerman’s reign as CEO with LFWK, our SLJB ticker prior to late July, he strongly proclaimed that the Company had purchased a large quantity of shares on the open market. These he said, were Naked Short Shares and he termed their purchase “short seller captured capital”. He also warned that those participating in shorting LFWK, “would bear the full brunt of every available resource” available to Loftworks.

Dr. Patrick Byrne has also fought a very lonely battle as a leading crusader against Naked Short Shares, NSS. Mr. Byrne has provided testimony before Congress, met privately with Congressional members, and created a dedicated website, The Dark Side of the Looking Glass, http://www.businessjive.com/nss/darkside.html He also interviewed on national television with Ron Insana of CNBC in an effort to save his firm from naked shorting. http://www.antandsons.com/therealdeal/overstockpatrickbyrne_032806/

Mark Faulk has highlighted stock market manipulation on his website/blog, The Faulking Truth, http://www.faulkingtruth.com/index.html. He has performed an extremely valuable service to all small investors in providing information concerning the level of corruption in our “free market system”. He as has Dr. Byrne, have valiantly placed their names and research in front of the public for scrutiny.

Ironically, despite the efforts of Dr. Byrne, Mark Faulk and others, SLJB may end up being the lynchpin of the Naked Shorting debate.

No other security, that I am aware of, claiming to have been heavily naked shorted has had a Big Four auditing firm, let alone two, perform an audit. This action can prove conclusively, that far more shares exit than the SEC lists as Outstanding Shares. The PwC/KPMG Audit should prove this as a fact when they compare the quantity of shares held by SLJB with Outstanding Shares currently issued.

This fact alone should place great pressure on the SEC to have their policies “audited” by an equally verifiable source as a KPMG or PwC. This testimony in front of Congressman, Congressional Committee’s, Market Makers and the Hedge Funds of the world would bear tremendous pressure to more closely monitor and police our Securities system to provide equality for all investors.

That “would bear the full brunt of every available resource”, to be short SLJB, when Congress and the entire investment community could investigate your behavior.

AIMHO
Airdale