Replies to post #38923 on Sulja Bros. Building Supplies, Ltd (SLJB)

[golfndude]

i think they are covering at or below the bid....i would guess they have covered 30mil+ so far...the flippers have allowed it to happen...also i wouldn't be surprised if the mm's continue to short this stock...but the day will soon come....and up we go..just my feelings...fwiw

[PinkZombie]

allinone said it guys. they are watching the volume so they know how much they can legally buy each day.

http://www.investorshub.com/boards/read_msg.asp?message_id=12546614

They will buy at the end of the day when all the traders get out for the day and they have the best chance to get the bottom price. If you think these people are little card players your nuts. They know this stock is being flipped, swung traded, day traded etc etc etc. The sure thing is at the end of each day all the traders go cash until tomorrow so they sell their positions. I also gives them the total shares traded for the day which gives them their purchase amount for the day! jmho but what the hell do I know!

[Shomidamoni]

Good question. I was wondering about that too.
Since Wessal is not the issuer, Do they still have to adhere with rule 10b-18?

But another question I have is, How can Wessal really even purchase 125 million in the open market when as per SLJB, they already own the shares, and then some?
There are just no more shares left, ZERO. With that said, there is no guarantee that Wessal may get to buy the whole 125 million. So, I think the purpose of Wessal here is to intercept shares from weaker hands when MMs are purposedly taking pps down thinking they can cover. MMs can’t buy back their shorts since Wessal is there waiting to buy. Checkmate? My only other question is, Has Wessal started intercepting buys?