Sulja Bros. Building Supplies, Ltd (SLJB)

[MarionPolk]

"Float" as defined by Dennis A. in the Loftwerks days was at most 57 million shares, or less than 0 shares if you believed the "short-seller captured capital" memo.

"Float" is now stated to be 600 million shares, so "insiders" (or the company) have sold between 543 million and 600 million shares (restricted and/or unregistered), presumably at prices averaging above 10 cents per share.

So the only people who had access to the "real" financial results got well over $50 million from people who believed their lies.

These would be the same "investors" now willing to apply a high P/E ratio to "pre-tax" earnings of a company whose earnings are down significantly on a year-to-year basis.