Sulja Bros. Building Supplies, Ltd (SLJB)

[DownWithPumpers]

There's not one single fact we can verify in that whole list.

1) Why were the AFs delayed and why did you make date-certain deadlines? Who did the financials before? Were the previously posted 06 financials and 07 proforma correct?

Econometrics were hired to do the financials. Someone named Greg Garrett. They advised that they would have PWC do the audit of the fins (Sulja would pay for both and agreed). They (Econometrics) basically did a very poor job and after many screw-ups, had to be let go. Inventory and leases seemed to be one of the problems. Sulja trusted them to deliver and made a mistake with giving exact dates. It was not their intention to miss any deadlines. Some mistakes have been made in the past, but none with legal implications. The prior financials and proforma include revs from the M.E. which should not have all been in there, as only the commission on the brokered deals should have.

I have never heard of a company called Econometrics that does auditing. The science of econometrics has absolutely nothing to do with auditing.

Def: Application of mathematical and statistical techniques to economics in the study of problems, the analysis of data, and the development and testing of theories and models.