Sulja Bros. Building Supplies, Ltd (SLJB)

[YankeeAce]

matt, The trading range has not really been $0.003-$0.006. It appears more like the ask (price we would have to pay) was around $0.006, while the bid (price we would have to sell at) was around $0.003. Seems like the MM are getting rich on this one. We have had a few situations where the spread closed or came close to it. By each of us posting when we get fill orders eitehr buy or sell (to each his own) we can better determine what this thing is actually trading at.

I'm not denying that dilution could be occurring, but I would hope that Dennis at least set a minimum (say $0.005) to sell at.

Question 1. Does a pinkie have to announce when they change the number of authorized shares? I think this is something that needs to be approved by shareholders, but when the CEO controls so many shares one would think that he might have the power to do that himself.

Question 2. If a company implements a RSS does that also split the number of authorized shares? This is not a way to dilute the heck out of a stock wihtout shareholder approval is it?