with Fins out tomorrow, many will realize that SLJB is a Nasdaq type company, just trading on the pinks short term..SLJB is a reporting company (other pinks dont normally do audits), will be 25% held by mighty Wessal group, and likely to merge with Consultech..BIGGER and better moves-see below:
great read!! Like the 38 million float estimate, big boys eating up the avail shares, and shorty from the LFWK days will add to the BUYING FRENZY..oh and the Consultech MERGER!! (Fabulous post- I would add we should see $15 million NET PROFIT per audit estimates or .032 EPS or .60 pps with 20 multiple, and the ASSETS increase will be the icing on the caketo make that pps even more)...read below:
Last night and into this morning I tried to put it all together. Namely, what is Petar's Master Plan. Of course, this post is only conjecture, I'll state that right off the bat. I simply reviewed what I know, and connected the dots. First let's start with what we know, with Steven Sulja outlining the share structure less than 3 months ago on August 22nd:
Sulja Bros. currently has 800 million shares authorized with 500 million shares outstanding. All share counts have been rounded to the nearest million.
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."
Now since this time, we know that Wessal has been accumulating shares with a target of 125M for their 25% of the company's outstanding shares(keep in mind if Wessal is trying to buy 25% of the authorized shares their target is 200M shares). We also know 50M shares have recently been certified via 21 September news release. We were also recently informed by Petar that they Wessal has purchased at least 100M shares so far.
Given this, let's review what we now know about the share structure:
The current outstanding shares are 500 million.
362M shares held by insiders, 162M are restricted
100M shares owned by Wessal
38M shares in the public float
So according to the substantiated information we have been given; the most conservative estimate we can assume is 38M shares remain in the public float. This is basic math.
What have we heard regarding share structure from Petar?
We have heard from different sources that Petar is not concerned with the day to day price fluctuations.
We have heard that Petar is not concerned about the small penny player's motivations which have only created drama for the company.
We have heard Petar is not concerned with the short position in the stock and he is not going to issue a dividend.
We have heard Petar and his employees personally own no shares.
We have heard no mention of NOBO, or short selling as a factor since Petar took over as CEO.
Using the simple math outlined above and reviewing what we have heard from Petar it becomes obvious what is happenning here.
Petars Master Plan: When Dennis Ammerman PRed that the companies insiders had purchased more than the outstanding float he called it "short seller captured capital". These shorted shares carried over to SLJB's float structure after the symbol change and still exist. Petar has been publicly ignoring this issue, in fact he implies with his actions or lack of action that it is a non-issue. You see Petar does not want shorty to cover yet. In fact, it is in the best interest of the company for the PPS to remain low for now. That way Wessal can accumulate it's shares, and shorty will not cover at these bargain basement prices as the float evaporates into a negative number. Realizing this, it's easy to understand all of Petar's statements above regarding share structure. Now if you've been watching the day to day price fluctuations you may have noticed that the MMs have been keeping the price down, that is how they operate, they do not want to ever cover, in fact they will short more shares to keep the price down. You may have also noticed that someone has been dumping or feeding shares into the market. Why would Petar recently state that he and his emplyees own no shares? Answer: so that when all is said and done we will know that these shares recently being reintroduced into the market keeping the PPS down are not from him or his employees (price manipulation). So what we have been seeing is the MMs not covering, shares being introduced into the market, along with steady accumulation. The shares have been trading hands from the penny players to the big players, week hands to strong hands.
My theory is that this is playing out exactly as planned. Whoever is feeding these shares back into the market is serving a real purpose, they are keeping the PPS down, they are shaking out weak hands, and encouraging shorty not to cover. Those shares are greasing the trading volume wheels before the next phase in our companies evolution. Petar did his part, delaying the release of the AF's until the last possible moment. Even that SNAFU with the Windsor Star supported the big plan.
The release of the audited financial's is just the beginning. Everyone will understand in black and white the true value of this company and it's worth. Those shares which were being reintroduced into the market to keep the PPS down will stop... you can forget about those. The only shares you will see being sold will be penny players hitting the register. Shares from week hands to strong hands. Wessal also has about 25M more shares to purchase so they can let it rip as far as buying pressure and encouraging the PPS rise (remember they're already sitting on 100M shares). Eventually shorty is going to have to cover, but by this time it will already be way to late for him. I'm of the opinion this stock has a negative float right now. While all of this is playing out Petar will do his part by PRing more revenue streams to the bottom line. Upward and onward the price will go.
Once all of this plays out the merge with Consultech Midwest will commence, and the big boys will own all the shares. Sounds like a plan.
AI
