jannie, if any of what redskies posted was true, regarding SBS & the Candian companies being private holdings of SLJB, then SLJB (whatever paper tiger company that is, inside the NV shell) is a BK. The Canadian corps are all LIABILITIES. Those liabilities, if wholly-owned by SLJB, are SLJB LIABILITIES. That makes SLJB a legal BANKRUPT. (SLJB common have no liability to SLJB's private debt because SLJB common don't own any of SLJB's private assets & holdings). A bankrupt is being at least $1000 in debt with no ability to pay-off that debt after liquidation of assets. If what redskies posted is true, and SBS is a private holding of SLJB's, then SBS is a liability of SLJB. SLJB has no business operations. It only sells shares, It can't sell enough shares to pay off its debt, ie, SBS debt (if redskies is correct and SLJB owns SBS). Therefore SLJB is a legal bankrupt. SLJB can't file for Chapter 7. It has no assets to liquidate into cash. Its' holdings (if redskies is accurate) were its asset subsidiaries which are now debt, ie, liabilities. SLJB can't file for Chapter 11 protection because it would disclose the insider trading scheme via the nominee accounts and that the Ontario lumberyard is not SLJB. It's a seperate corporate entity and the PR's using lumberyard news to sell SLJB shares were fraud.
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