Sulja Bros. Building Supplies, Ltd (SLJB)

[bluediamonds]

POSTS OF THE DAY (so far)

IMO

Sulja is a client of KPMG in Canada

Posted by: Stock H.O.G.
In reply to: pappa who wrote msg# 171955 Date:11/17/2006 12:33:10 AM
Post #of 172017

pappa: Honestly, my plan was to sell first thing if we didn't get AFs and then buy back much more at a lower price. We gapped down so much that I figured it wasn't worth it at that point. It went to .01 in a minute. I tried to buy more at one, two, three, and chased it to .04 and got more there.

As for vibe, I'm still confident. If you are able to talk to Petar, you'll feel that he's sincere. Also, I always go back to the fact that my friend, a retired partner at KPMG, confirmed for me that Sulja is a client of KPMG in Canada. Whether they are doing the audit or not, I did not ask, but they are a client. That in itself tells me a lot.


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Posted by: EyeDocTX
In reply to: None Date:11/17/2006 9:13:44 AM
Post #of 172617

I spoke with Leslie this morning for ~20 minutes about everything that is going on. She said the attorneys are the ones that advised against release of the fins on the 15th. She said another article is going to be released tomorrow in the Windsor Star clearing up the things that were said about the company. I also asked her about the ME deals and she said that Dave knew more about this stuff and she would have him call me when he gets in this morning. She was positive that the fins would be released as soon as everything is cleared up with the press. She also reiterated that it was Peter acting on the attorney's advice to not release them until this mess was cleared up. I also mentioned how bad the stock price had fallen yesterday due to them missing their self imposed deadline. She said she realized that had happened, but she expected things to change soon. So, that's it in a nutshell. I will post what I hear from Dave today when I get a chance. GLTE, DJ

P.S. She also gave me Peter's personal phone number that he left, and she said that he told her to give it to anyone that called and they would be welcome to call him.(I know, old knews but just thought I would add this)


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Posted by: EyeDocTX
In reply to: bob b-WI who wrote msg# 172643 Date:11/17/2006 9:23:56 AM
Post #of 172667

I spoke with her around 7:30 A.M. CST Friday....This is the number I called them at:519-738-2881....
I left Petar's number in my car, I am planning to call him around noon central.....I will let everyone know what I find out from him....DJ


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Posted by: Braden32601
In reply to: EyeDocTX who wrote msg# 172703 Date:11/17/2006 9:35:09 AM
Post #of 172727

I talked briefly with Leslie yesterday also and agree, she is very complimentary of Petar...she told me i could talk with a Dave Willimson at the Windsor office tdy...Leslie also mentioned that newspaper had come back out yesterday, after the ridiculous article, and checked or verified a very viable business..she also gave me CEO's cell #, as per his instruction, but i couldn't reach CEO...


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Posted by: digitaltradz
In reply to: glenmorangie2 who wrote msg# 172610 Date:11/17/2006 9:18:10 AM
Post #of 172708

No that's not what I am saying. Here is what I posted last night. This happens when a vulnerable situation exists with a stock that has bee targeted. SLJB is not alone here.
______________________________________

What happened today was to say the least unfortunate, however, the price drop was not 100% due to the AFs not being released or the Windsor Star article.

What everyone witnessed today was a raid. Whether from a hedge fund or a group of people trading offshore where shorting any stock is much easier, especially a pinksheet. I have seen the same thing happen with GNBT, NVAX, and a few others earlier this year.

What the article and the lack of AFs did do was to set the stage for the raid to take place. It created the the herd attitude to execute their plan. The price drop from a close of .09 yesterday to .01 within 10 minutes of trading on massive volume is typical of a raid, create confusion decisively and swiftly. In this case, they took the confusion of the Windsor Star article and the lack of financials that had already caused confusion and amplified it and that really took less than 10 minutes to accomplish. This traded 170 million+ shares today, that's 120 million more than has ever been traded by this stock even when it was LFWK according to the charts at Stockchart.com.

There was a post yesterday that said there was a rumor of a hedge fund that wanted to drive SLJB stock down big time. It very well could have been them today, and no, no names were given in that post as to what fund it was.

LOOKING AT THE TRADING DATA--TODAY WAS NOT NORMAL TRADING PERIOD. Regardless of the lack of financials. There would have been a price decline, but not to .01 for a low and not a volume of 170 million+ shares. There were other forces acting here and it was not the MMs, they're not that foolish.

The other thing that is almost a dead giveaway is that the number of postings on this board both pro and con got to the point that it was almost impossible to read every post causing confusion in the ranks, especially for the novice trader/investor.

When the raids took place on the other stocks I mentioned, postings on the boards were much like they are here now, we're going to get someone--who's the easiest to blame and get to. Natural reaction and it will take time to emotionally recover, especially for those that have never experienced a raid before.

Petar is the closest to lash out at followed by Garry Rennie, but be aware of what really happened. They are not the sole cause of the price drop today. If it would not have been for strong investors adding to their position, or ones refusing to sell, knowing that the price would recover, the raiders may have succeeded at keeping this at .01 or even taking it lower.

The one thing to keep in mind is that what happened today is that the lack of financials and the Windsor Star article are not the only ones that are responsible.

This is my opinion of what happened, but I have been through one this year, well now 2, and this has all the dressings of a stock that got raided.


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