I believe that Sept. 7, like July 5 before it, will be another delay. Except that this time I expect them to meet and to decide on a date for the actual Hearing which could easily take one to two weeks. In which case, look for a Hearing in October or November.
The allegations here are serious. I also believe that if not ALL of the money was spent on Sulja business that this will cause further allegations of misuse of funds.
But how Sulja spent illegally raised funds is somewhat irrelevant to the fact that the Company sold potentially unregistered shares at a time when it denied that it was doing so, to the detriment of its shareholders.
Red, without Sulja diluting and selling shares, SLJB may well have been at much higher levels than $0.21. Even those shareholders that sold at higher levels should be upset because they could well have divested at even higher levels if not for Sulja's illegal acts.
Manipulative management of selling shares by insiders is another very serious offense and is usually called insider trading. Martha Stewart went to jail for this offense if you recall. As did the CEO of IMclone (?).
Sulja's actions were not laudable. they were despicable.
I also see no vision with this company. Lies, lies and more lies in PR's. Still no audited financials either.
I see no plan.
Calgary remains unopened.
Harrow is shut down.
Sam's appears to be withering.
The retail store keeps poor hours.
I see no management here.
All my opinions only.
AI
Market Data 
Markets 
