Sulja Bros. Building Supplies, Ltd (SLJB)

[Kr0snest]

Why some people continue to want the SEC involved with SLJB escapes me, unless they have sold out and don't care about the company or the longs who like myself remain.

There is very little good that can come our of any SEC involvement and our investments. I'm trying to figure out what is the preferred outcome a trading halt, revocation of our public status, or the stigma attached with any other action. All of these events will only serve to depress the price without impacting the underlying fundamentals of the company.

The other folks who discuss a lawsuit are going down the same path but with only slightly better results. Given that there are 600 million shares outstanding and all would in theory be part of a class action suit, since we have traded more shares than that since late summer, a judgement of approximately $100 million would been to be received to cover the costs of the suit and give every share $0.10. Where does anyone propose this cash will come from? A company the size of SLJB will not have an insurance policy that high, the company doesn't have those types of assets and the parties we are dealing with don't appear to have assets sufficient to fund the payment that size judgement.

I am a long with a significant number of shares. My belief is that at this point we have little to be gained by the involvement of the SEC of legal counsel. That may change, but for now we are involved with a stock that has minimal credibility but is a real company with real assets and a real business. Let's give management some time to provide answers, not just fluff but real facts.

Thanks to Airys, H.O.G., FFB and Snips for their efforts to provide information.