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Saturday, January 06, 2007 11:34:31 AM
It is one of the older pinkie scams really. Reverse merge but never move the assets into the new shell. The assets stay privately owned and the company does the old dilute dilute, price crashes company dies and the empty shell sits there for someone else to come along and use it again! The criminal part is they keep PRing the activities of the assets that were never moved into the new shell as that shells business! That is exactly what has gone on here.
I have never seen the name change form you mention in your post. That would have just proven my theory further. I have wanted to ask someone with access to pull a current D & B report on Sulja Bros. Canada address. The one in post 188698 is now 7 months old. If there are no new public filings listed then they never moved that private company into the SPAC to merge with Loftwerks, Inc. If there is no change in ownership then that would prove they never merged with Loftwerks! If the company is still operational then the merger never happened! If I was long and considering buying more shares I would spend the money for a currect D & B report cause if it shows what I believe it will no one should be sinking any more money into this!
JMHO!
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