Sulja Bros. Building Supplies, Ltd (SLJB)

[binzur]

Jannie, what about the money from the sale of all of the "restricted shares", that is even bigger than the $12M! That had to have been funneled through the canadian brokers as well. Also all of the insider shares were sold! Lots of shares and lots of money! But then they took some of the 12 million and gave it to the Suljas for their goodwill or shares or whatever. So if I understand this the Suljas gave up their company in the reverse merger and never got any of the insider shares? Wow what a deal! Hope your health is doing well.

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."