Sulja Bros. Building Supplies, Ltd (SLJB)

[scorpio70]

Posted by: 16novem
In reply to: scorpio70 who wrote msg# 236674 Date:1/6/2007 2:39:31 AM
Post #of 236680

do you really expect us to believe that you are going to retire all of your 2.6 million SLJB shares?

and please stop blaming the market makers for the drastic fall in the stock price - a stock price that was artificially inflated by false and misleading press releases and statements by CEO's Vucicevich and Sulja and by, according to the OSC allegations, the manipulation caused by trading in nominee accounts at two Canadian discount brokerage firms, such trading in those accounts directed by Vuicevich and Devries.

First question...yes

Second question...Who would you like me to blame for the manipulated crash from .09 to .01 within minutes that morning?

Market makers in an unsolicited environment can set the price anywhere to make a market. They'll put the price for SLJB anywhere they'd like at anytime.

Obviously they'll seek to put that price where it would generate the most volume and produce the most for their commisions and they'll determine price speads for the largest percentages they can get away with.

I can only blame the largest organized effort most have ever witnessed with their agents posting here on IHUB and elsewhere on the internet to lend cover to their actions on that day.

It was believed by many that tens of million of naked shorts were covered that morning.

It was transparent. It was criminal. I encourage them to seek a full legal redress of that outrage should they choose.

As for Mr. Vucicevich, shares were sold through nominee accounts as was per the right of this company to do so long before that event.

I hardly think he sold these shares at .01. While I'm unsure the exact number that were sold legally from the restricted shares they owned, they were plowed back into the compnay to purcase SAM's and pay down any liabilities. The sales didn't vanish anywhere but back into the assets held by SLJB's shareholders.

The company has also retired 75 million shares recently taking the A/S from 800 down to 725 million.

Transfer agent is ungagged so I welcome you to check with them on this fact. It's been rumored that more buybacks and retirement of shares is possible here shortly.

The opportunity Mr. Vucicevich has to set the record straight about any profiting of this event for himself or others is coming. He has stated that he doesn't own any shares that were sold and he himself, has welcomed the opportunity to set the record straight for the OSC at this hearing on the 8th.