Sulja Bros. Building Supplies, Ltd (SLJB)

[12ring]

Eventually this whole thing is going to come to light, and no amount of bashing or pumping is going to change anything with regards to that.... IF SLJB is exhonerated of the OSC allegations or even if they have to pay a small fine for any minor mistakes made then I am sure we will certainly see the audited financials. IF not and we do not see them, then will be the time to cry "foul". But certainly not now, and certainly not before ALL official facts have been presented to the public, by offical documents and entities. Truth IMO is no-one TO DATE (including the OSC) has a current "lock" on this whole thing, otherwise we would have heard a decision from them already, probably months ago in fact. JMO. But, speculate all you want, many do....

After holding onto this stock for as long as I have, honestly I have no issue holding for awhile longer, I still think there is a reason for all of this 24/7 naysayer nonsense and I also know many others agree.

I go back to this PR below quite often, as it is one of the main reasons why I bought into this company in the first place:


LoftWerks, Inc. Fires Back: Vows Aggressive Strides to Complete Sulja Merger and Achieve Shareholder Confidence
NASHVILLE, TN -- (MARKET WIRE) -- March 06, 2006 -- LoftWerk's (OTC: LFWK) CEO Dennis Ammerman reiterated today that anyone planning to flout LFWK stock in a shorting position would do so while bearing the full brunt of every available resource aimed to render them mute. "The small exchanges are plagued by this ludicrous and even perilous frenzy of negative influence," said Ammerman. "They've made a mistake this time; one that will cost them a great deal, and open the door to companies that rely solely on public market funding to reclaim their rightful roles of benefactor and driving force of true and accountable shareholder value."
The stock holdings of LFWK insiders currently exceed the number of outstanding shares that the company has issued to date. CEO Dennis Ammerman reiterates, "We must work to squeeze these people out of the way. We will work harder and smarter to put this behind us permanently, and get on with the business of growing businesses and not mounds of stock certificates.
"We are not sure how LFWK stock trades tens of millions of shares each day when our own insiders own millions of shares more than the outstanding shares issued; however, our focus must remain that of commercial viability and not equity market predilections if we are to truly benefit our shareholders and complete the merger with Sulja Bros. Building Supplies, LTD., the primary distribution arm of Consultech Construction Management, Inc. Midwest operations, as planned," said Ammerman.
Sulja Brothers will serve as the centralized and primary distributor of materials for all future projects. A twenty-four year old business, Sulja Bros. has achieved steadily increasing revenues since its inception and now averages over $30M annually. The company also currently has assets totaling more than $25M. It is projected that once Sulja Bros. settles into its new role, revenues could reach the $200M+ within twenty-four months. The increased inventory alone could place the company's assets at over $125M.

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I hope you now understand where I am coming from. If SLJB were to only have half of the revs that the above PR projects, at 100M with a standard industry multiple of around 20 we are talking over $3 PPS. At 30 it is over $5....

Hmmmm...wonder why they kept mentioning uplisting????

So yeah, I think I'll hang on just a bit longer and see it thru, thanks.

JMHO GLTALongs