I don't care if it's not a company posting on the "big boards". Lying to investors is illegal. Define lying... Okay, saying that you will deliver something "soon" for months on end and never delivering borders on lying. Setting a deadline TWICE and not following through (yes, they have two hours left...) hmmm... could be considered lying.
What do you guys think? Lying or just reasonable excuses? At what point does it become lying. For a lot of people out there lies will be the more appropriate term if AF's aren't posted in about two hours.
SLJB Sets Release Date of Audited Financials: November 15, 2006
Friday November 3, 12:50 pm ET
Deadline Called by Board... "If Not Sooner"
WINDSOR, ON--(MARKET WIRE)--Nov 3, 2006 -- Sulja Bros. Building Supplies Ltd. (Other OTC:SLJB.PK - News) today announced that the Board of Directors has completed the in-house review of their financial audit, and they have set a "date-certain" to release the information. CEO Petar Vucicevich stated today, "We have collectively agreed that on November 15, the audit will be posted for public inspection on www.suljabros.com. We also agreed that we would make every effort to post the document sooner than the 15th (November) if at all possible."
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Vucicevich further stated, "We understand fully and completely the time issue involved and the necessity for complete accuracy in the audit report. This has taken much longer than anyone here could have possibly imagined. The end result for us however must and does remain constant. It is simply unacceptable for external factors to affect the accuracy of this report. And I am stating now that they have not. We set November 15th as an absolute deadline for public release of the financials, but we will make every effort to put the report out sooner."
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual result may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
Sulja Bros. Building Supplies Ltd. Announces Today That the Board of Directors Has Reviewed the Financials
Wednesday October 25, 11:56 am ET
WINDSOR, ON--(MARKET WIRE)--Oct 25, 2006 -- Sulja Bros. Building Supplies Ltd. (Other OTC:SLJB.PK - News) today announces that the Board of Directors have received the financials and reviewed them over the weekend. The financials have not been made public because there were some issues with the wording because of problems in translation. CEO Vucicevich stated today, "Due to the end of Ramadan and the celebration of Eid this week, we have not been able to make necessary changes with our auditors in the Middle East. Releasing the financials without giving them prior notice and making the changes would not be a good idea. I would like to state again, that we are in possession of the financials at the moment, but we do need to make these changes before we release them. If not corrected it would lead to a lot of confusion among our shareholders and we definitely do not want that."
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CEO Vucicevich also said, "We have no intentions of keeping the financials private, we are only waiting to make it more transparent. We will release them as soon as all necessary corrections are made."
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual result may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
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Press Release Source: Sulja Bros. Building Supplies Ltd.
Sulja Bros. Building Supplies Ltd. Releases Update on Audit
Monday September 25, 3:08 pm ET
WINDSOR, ON--(MARKET WIRE)--Sep 25, 2006 -- Sulja Bros. Building Supplies Ltd. (Other OTC:SLJB.PK - News) releases updates to shareholders on the delay of the audit.
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Sulja Bros. today announced that there will be a slight delay in posting the audited financials as stated in previous press release in order to conform with proper accounting practices. A company spokesperson stated, "The delay is nothing to worry about, we want to make sure that when the audits are posted they are done properly and make complete sense. Since these audits include North American companies and figures generated from the Middle East operations, we had to make sure that all companies under the Sulja Bros. umbrella operation are taken in consideration. Also, we have to ensure that these final audits meet all necessary standards and legal requirements as stated in all these different regions. We apologize for the delay but we have taken the liberty to decide that posting complete and all-inclusive financials audits would be a better course of action rather than hastening to complete only portions of it.
"We understand the frustration that our shareholders might feel and apologize again for this delay."
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