Replies to post #38960 on Sulja Bros. Building Supplies, Ltd (SLJB)

[golfndude]

i think we'll see something like this (pr's):
1) news about the new contracts from their meetings in germany
2) buying from Wessal up to 120 ml shares in the open market
3) audited financials
4) maybe a dividend up to .01 or .02 a share
5) major short covering
6) if the price is high enough---reverse merger into Consultech(midwest)

if all of these occur look out...all a guess...hopefully a great one!!

[CorvetteMark]

The general opinion I am gathering is that it is not Wessal. However....someone is definitely doing some big block buying. Is it the MM's? Is it someone else?

It's hard to say...I still think it could be Wessal. Why would they not be buying now while this is down?!?!

[dustin1101]

I agree. I think this is shorts being covered. If Wessal was buying I don't think the MMs would be so eager to drop the price down to fill their order. Yes, Wessal will have to be filled at bid per the rules, but I think they will have to bid at the current PPS, and the price will react positively to the order being filled (not just an uptick and continued downtrend). I just don't see why MMs would drop the price to fill a buy order if it wasn't to their benefit... The fact that the big orders do represent 20-25% of the volume is a bit confusing, however. Oh well, we will find out what is happening here soon enough.