Sulja Bros. Building Supplies, Ltd (SLJB)

[binzur]

dak; The SEC is going to have to get more involved. The worst news from todays extension was;

"AND WHEREAS the Respondent Andrew DeVries was served with the hearing material on March 21, 2007 at 8:15 a.m. and did not appear;

Combine that with this;

"25. Vucicevich further explained that the Canadian and U.S. operations of Kore are [~~ I involved with Sulja Bros. to oversee the expansion of Sulja Bros. and that Kore U.S. "[... ]at this point, they're controlling 280 million shares" (pp. 13 and 27 of Exhibit 12).

26. Vucicevich advised that he is the directing mind of Kore's operations in Canada and that DeVries is the operating mind of Kore in the U.S. (p. 28 of Exhibit 12). Vucicevich advised that DeVries is responsible for the share structure of Sulja Bros. and "is the one that is authorized to distribute the shares" (p. 41 of Exhibit 12)."

Andrew DeVries lives in Texas. That tells me that the SEC is going to have to get involved and investigate DeVries. What is scary is he had control of 280 million shares. So my educated guess is they dumped 200 million shares of LFWK in 2005. They raised the A/S to 500 million in January 2006. Started journaling shares to the nominee accounts in February and dumped approx 150 million shares there. That still leaves almost 260 million shares unaccounted for. We know that the O/S are now 606 million. There are more accounts and more money that need to be found! I am also predicting the name Dennis Ammerman is going to become involved in the SEC investigation if it already hasn't.

JMHO!
Binzur