Sulja Bros. Building Supplies, Ltd (SLJB)

[eelfland]

It could be halted (not that I think it will be), but that doesn't mean a permanent zero--just a time-out while everything is sorted through and the situation is made clear. I've been there before, had one flatline for several months, forgot about it, and one day looked and it was worth about 20 times what it was worth when it was halted, and many times more than I paid for it. A temporary halt to trading is not necessarily a bad thing, unless you need the money real quick.

While I'm at it, I will say that I think all the talk about the Middle East business was bullshit, and I'm tired of hearing about it. I wish everybody would just get used to the idea that that was just a pump and dump scheme that we fell victim to. What matters now is what SLJB is worth, and I suspect it's a lot more than its current market cap. Forget the Middle East, and get on with selling building materials in the Detroit/Windsor area. It's a good business. It's just not what a lot of people here thought they were buying, and paid too much for. The good news is that we've got an underpriced stock on our hands at this point, in my opinion.

I just wish everyone would just scrape the shit off their shoes and forget about the pie-in-the-sky Middle East deals. With any luck, the RCMP and the courts will settle all that mess. Now back to the business at hand.