Sulja Bros. Building Supplies, Ltd (SLJB)

[binzur]

You are missing that they also sold all of the restricted shares during that time as well! So not just 12 million try another 162 million shares or over $19,000,000.00 at .12 plus they sold all of the insider shares! All without any public notification in the forms of either a 144 filing or 504 filing for the company or the insiders to sell that many shares! They have 500K in the companies bank but much much more in other banks!

"CEO Steve Sulja stated: "The current outstanding shares are 500 million. There are 362 million shares held by insiders. Of the 362 million insider shares, 162 million are restricted. There are 138 million shares in the public float. The number of inside owners, of 10% of common class shares, decreased after the reverse merger. The increase of outstanding shares from 200 million to 500 million excluded holders of 20 to 50 million shares from insider status. Basically, three insiders with 40 million shares from the open market did not meet the 10% of class rule; therefore, they are no longer considered insiders."