Sulja Bros. Building Supplies, Ltd (SLJB)

[ibreken]

"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."

Haha, too much. By all means, please explain to me any part of Sulja's assetts that is worth 12 million, or even the 7+million the OCS says they made. Sam's was bought for 500 thousand.
You know whats really funny....Petar con's explanation of the breakdown of where the $12 million went


These are approximate numbers… on how the 12 million were spent.

3 mil to the sulja family instead of shares….goodwill assets ect.
***fine, although seems a little steep for what Sulja's assets are.
3 mil banks to lift any liens ect.
***why were there 3 million in liens? The business is a small town operation

2.8 mil to other creditors and yes, Petar was one of them
***WTF? How did the company supposedly get so bad into debt? I thought they were profitable and around for 25 years.
3 mil + 2.8 mil = $$5.8 million in the hole with few assets.
Why were Sulja's paid $3 million for a business that had so much debt and obviously failing as a business?

600,000 foreign business setups
***foreign business setups? What foreign business set ups?

400,000 to ammerman for shell and assets (of which there was really none)
***okay, sure

350,000 advertising and other related expenses
***wow, the Windsor Star's advertising rates must have gone thru the roof!!

200,000 legal
***tack on what, another $million+ or so now to take care of the present legal woes

400,000 real estate purchases (trim shop)

350,000 trim shop equip

150,000 trim shop work by contractors

500,000 Sam purchase

1 mil Additional inventory purchases
***sure, just throw in another mil for good measure...haha
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Too funny. Keep up the good work scorpio. I hear mercury is cresting...hahahaha