Sulja Bros. Building Supplies, Ltd (SLJB)

[binzur]

"With respect to a legal entity that may or may not have been used in a transaction, that may or may not have been completed, the fact that it is in "default" is no proof of anything other than they have not paid filing fees."

They didn't comply with any of the requirements of the SPAC! "Didn't pay filing fees"...LOL! That is so lame. None of the requirements of the SPAC were completed. They didn't even name the Board of Directors. They never funded the SPAC by moving the assets of the companies that are being merged through the SPAC.

It is also a fact that there is a PR in May announcing the formation of the SPAC! So it is a lot more than "didn't pay the filing fees". Try didn't do anything required by Nevada Law to properly complete the merger. Remember they hired Law Firm of Gottbetter and Partners, LLC to oversee the merger.

Certainly more than paying filing fees and maybe you should read up on Nevada SPAC's, their requirements etc.