Sulja Bros. Building Supplies, Ltd (SLJB)

[booger]

It seems that PV and AD initiated a well orchestrated attempt to make millions off stockholders. They rm Sulja Bros into Loftworks (not really clear if it is finalized). Set up trustee accounts with which it seems Kore employees were able to buy or sell sljb stock with the direction of PV and AD. They were able to sell into the highs with PR's, blog, anticipated AF's, etc. If PV thinks he is not culpable, read this link on the rules of disclosure - http://www.sec.gov/rules/final/33-7881.htm

All of this might have worked without a hitch if sljb didn't appear to be such an undervalued stock with tremendous potential for success and not gain so much attention. I doubt seriously that PV and AD expected as much attention and scruteny from investors. Many invested in this stock due to the proforma, pr's, and anticipation of the AF's. SLJB received such attention - calls, faxes, visits, Windsor Star attention. calls to the OIC and SEC that it seems that PV did the only thing correct in this circus. He did not submit the AF's. He was right that if he put them out as is, he probably would go to jail.

The only thing I can see from here is to let the OIC do their thing. PV and AD go to the hearing, then to criminal court for their actions. I do not think that PV or AD have the proof to rebuke the allegatons by the OIC and be finalized with an order by the OIC. I would think the SEC would follow suit shortly thereafter. - http://www.osc.gov.on.ca/Enforcement/Proceedings/NOH/noh_20061227_suljabros.jsp

It seems to me that the lawyers have gagged SLJB and SS to try to distance them from PV and AD. If it can be proven that SS had no hand in this circus, there might be some hope for SLJB down the road. If this stock survives, we have a LONG term investment. Lot of IF's here.

I have lost only what I can afford and feel the loss of those who will endure hardships due to the activities of a few. Hopefully there will be a light at the end of the tunnel.

My Opinion
BD