Sulja Bros. Building Supplies, Ltd (SLJB)

[butchford]

Today's Windsor star

http://www.canada.com/windsorstar/news/story.html?id=7df543ba-9b05-429d-b001-55dc1e8a550b

"A Harrow based lumber yard,which has come under the gaze of the RCMP and nervous shareholders is on the hook for a $1.5 million civil judgment in the US, the president of a US mortgage company said Wednesday.

The gist... John Chandler, president of Progressive Mortgage Inc. says it should have been paid when Harrow based Sulja Bros. Building Materials Ltd. merged with Loftwerks Inc. earlier this year.

Windsor Lawyer Shahid Khan, who has told the Star he worked on the merger would't answer questions about whether he knew of Chandler's lawsuit and eventual judgment at the time of incorporation in Nevada. "everything is between lawyer and client" said Khan Wednesday."

Chandler says he loaned US $988,000 million in two mortgages to Loftwerks and Ammerman for development at 447 East Milwaukee St, Detroit.

he says money was diverted and the project came to a halt and is unfinsished.

says his lawyer Jay Abramson has been asked to persue collection of the Michigan judgment against Sulja Bros.

Says he asked the Richmond FBI to investigate where the money ended up. Detroit FBI agent Pam Matson confirmed there had been a complaint.

Says having difficulty tracing Ammerman. East Milwaukee building expected to be sold at Seriffs auction in next few months.

Sulja, one of most hotly traded stocks has been under pressure from shareholders to make good on promises it would release AF's.

Former CEO PV has been questioned by RCMP about the stock.