Sulja Bros. Building Supplies, Ltd (SLJB)

[binzur]

They got a great deal more than 7.8M! There were also 162M restricted shares illegally dumped and probably all insider shares. The public float went from 138M to over 600M in 3 months! That is a lot of dumping and my math puts it at least $50,000,000!!! How is that for a little more greed. That doesn't even include anything from the original LFWK dumping of shares!

"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.""


JMHO!