Sulja Bros. Building Supplies, Ltd (SLJB)

[KingsKnight]

Lots of BagHolders For sure...

All those you mentioned with millions of shares, some with hundreds of thousands it adds up. The p&d that took place in '06 left many holding those heavy bags. Some some have passed on, some have forgotten, some have lost and some remain.

Back when this p&d went down many loaded up all over the US & Canada, this was a well orchestrated fleecing that got some press back then. Still, relative to moves you see in the markets these days it was a mediocre pump at best. From .01 to .20 I think over a few months time.

There could be some telling signs ahead, with a 200M float, if you start to get heavy [50%-100%] volume float churn it could be interesting. At the same time, I do suspect some of those p&d guys still retain boatloads of shares, so they might profit greatly (again) on a move up. The custodian I suspect is in charge of retaining & recapturing those shares back to treasury.

At these levels it may attract some trip takers [those who buy & sell the same day on good percentage move & volume, your day pattern traders] But the volume has to start getting to those levels. All in all, it's a positive move so far. It's a zombie awakening after a decade!

And obviously some "knew", there's a reason volume ramped up at the start of April after it was dormant for so long.