Sulja Bros. Building Supplies, Ltd (SLJB)

[THE LURKER]

Sounds good on the surface. Two negatives pop out at me:

1. When and why did Wessal sale? Did they sell before the big downslide? Did they know more than we did? Did they really want 25% ownership and then change their minds or was this an easy way for them to raise some money?

2. How did they only pay 500,000 for Sams when Sams was said to be making six million a year? Was the six million gross sales? (it would almost have to be unless they were outright lieing). If so, what were Sams net profits?

On the positive note, even if net revenue is only one cent PPS if you can prove an ME contract which goes a long ways to demonstrating growth then you should have a PE of at least 20 so the share price could be at least .20

All IMHO