SULJA = FRAUD = CONS ? (SLJB Due Diligence, updated)
Remember what you think when you hear the word ENRON now? Well the name Sulja is VERY CLOSE to ringing alike.
Those who know me know I rarely post public but I repeat... NO WAY THIS IS A ONE MAN SCHEME. From careful DD, observation (and simple common sense at times, I say at times because I am a bagholder like many of you, in since .02 back in the Spring) I believe that we have at least FOUR con men involved in this scheme:
1) Andrew DeVries = SLJB/Kore/Consultech, etc. mastermind con and well-known crook
Bilked Nannaco shareholders out of tens of millions of dollars. Apparently still owes child support... as much of a lowlife-type as one could imagine. He is the spider of this very tangled web.
2) Petar Vucicevich (DeVries' best buddy) = smooth talking & "flamboyant" con
Former small-time con who badly wants to play with the big boys. Assumes multiple identities both in PRs (Peter Wolfe) and on forums/chat boards. Long-time friend and business partner with Devries (he/they run and own Consultech and Kore, two shady entities that appear to have majority ownership of Sulja and SLJB.) Known scammer and womanizer for many years who is also remarkably convincing at portraying himself as a good "father and family man" when it is useful. Currently Chairman and CEO of SLJB. Drives a Range Rover, a Maserati, etc.
3) Steve Sulja = "positive image" con (put out countless PRs with tremendous hype which facilitated many of the schemes but have not been verified by independant parties. Steve obviously thinks very highly of Petar, here is what he said in his Sept 7 PR:
"Former CEO Steve Sulja, in context to new developments with SLJB, stated today, "I would like to take this opportunity to congratulate Petar Vucicevich as the new CEO of Sulja Bros. Building Supplies Ltd. My decision to resign was made after long deliberations with all members of the Sulja board. I feel that Mr. Vucicevich will better serve the direction of this corporation in its international growth. His experience in dealing with companies internationally will surely benefit Sulja Bros. Mr. Vucicevich asked me to stay behind as a consultant during this time and I will gladly accept this position. Mr. Vucicevich has the support of the entire Sulja organization here and abroad, and I ask all shareholders, members of the board and management and clients to show Mr. Vucicevich the same support you had extended to me in the past. I expect great things for Sulja and plan to work closely with Mr. Vucicevich. I believe all shareholders will be pleased with Mr. Vucicevich's professionalism and no nonsense approach. I thank you all again for all your support and wish everyone the best." A spokesperson on behalf of Sulja Bros. stated, "We support Steve's decision to resign in favour of Mr. Vucicevich and look forward to working closely with him in his new capacity."
4) Sam Sulja = professional stock trader con (works right across the hallway from Vucicevich in Kore office.)
I cannot believe that some here still look at Steve Sulja as a savior or somebody who was screwed like us, or such. Had he not issued all those unbelievable PRs - which if we ever get AFs we would almost certainly see wouldn't be confirmed by actual contracts and revenues - THE WHOLE SETUP FROM THE LOFTWERKS DAYS WOULD NOT HAVE WORKED.
Both in Windsor/Colchester, Canada and across the world through the Internet with one million page views per day recently on this site alone, the end result of this awful mess pretty much is:
SULJA, DEVRIES, VUCICEVICH = CONS = FRAUD
Yes, just like we automatically think: ENRON = FRAUD. Now imagine that a John Enron had started that company out... Can you imagine what he, his wife, their kids would have to go through FOR THE REST OF THEIR LIVES? Don't believe me? Ask the many honest, decent guys out there who also happen to be called OJ Simpson...
This is obviously a nightmare-type situation for anybody who would actually care about their reputation. IF I am wrong about the Suljas (and believe me, I truly hope I am) and IF they really do care about both our families' huge financial losses and about RESTORING THEIR GOOD NAME, we will VERY quickly see them retake control, publish AFs (even poor Audited Financials would triple or quadruple the SLJB Market Cap in just a few days) and IMMEDIATELY name a new, honest CEO.
Absolutely NOTHING short of that will do to clear their name, in fact, doing nothing would show that they were in on the scheme all along. The ball is in their court now.
