Sulja Bros. Building Supplies, Ltd (SLJB)

[sandvet]

Thanks for your reply Fish:
I agree with you, I don't think this is a scam either. I am long with 275,000 shares, solely based on the huge risk - reward potential.
My big concern is with the lack of competency demonstrated so far. From what I can see, Petar, and the CEOs before him are a one-man show...with very little evidence of a competent support staff that can handle the transition from country-bumpkin plywood supplier to a world class Building materials supplier. Is there a savvy controller, accounting dept, contracts department, logisitics, supply chain, etc?
Petar is obviously an operations guy...and great at it. Making the big deals, working the connections, etc.
But what about the supporting apparatus?
Who is going to manage these big contracts ? Who is going to monitor costs, performance, schedules, etc ? If they can't do the little things right, they sure won't be able to do the big things right.
That's my fear, Fish. Cost, schedule, performance ! Those are the factors that come into play AFTER the deals are done. Can a company that can't figure out how to use spell check on Press Releases and figure out what format protocol to use on SEC submissions be ready to be a billion dollar company, as some have predicted?. Petar needs a savvy support staff to bring all the pieces together. He's a one-man show right now.
If SLJB can't cut it, there are dozens of Building Supply companies in Canada or the US that can fill that role. Emaar and Wessal will dump SLJB quicker than a hot potato.
So whether it's a scam or incompetence, it really doesn't matter. In both cases, the PPS implodes and we all lose money.
Those are my concerns...and I'm praying that my fears are unfounded.