Why is it that everyone wants to read between the lines on all the other PR's but yet everyone takes this one at face value.
Sulja Bros. Building Supplies, Ltd. Releases Asset Transfer Update
Sulja Bros. Building Supplies, Ltd. (PINKSHEETS: SLJB) has received clearance from the Dubai Government to move the Sulja Bros. assets to the State of Nevada. Sulja Bros. attorneys have paid all creditors and liens on the assets being moved. The attorneys, working with the auditors, have produced the balance sheet, which was the last piece of information needed to complete the audit.
CEO Steve Sulja stated: "The process of moving the overseas assets was time consuming but has finally been completed. We can now have the audited financials completed shortly. The State of Nevada will receive the assets by next Friday. We are very pleased to inform our shareholders of the current transfer of assets. We are actively negotiating with KPMG International and Price Waterhouse Coopers to handle all future Security and Exchange Commission filings and reporting. Our shareholders will soon see why Sulja Bros. did not need to reverse split the stock to meet our up listing goals."
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual result may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
Like rrufff said, this PR if taken literally is a wrong interpretation of what it is trying to say!..lol It says nothing about any reporting requirement with the State of Nevada! The SOS does not record asset transfers....heck don't take my word for it call your SOS tomorrow. The assets were transferred from Dubai to the state of Nevada....hello....from one entity to another. Sort of like when you move you take your belongings (assets) from one house to another house. Do you have to register it with the SOS...no....of course not!
I don't even believe the PR really means anything tangible moved overseas. Obviously as rrufff said the talk about Real Estate moving from Dubai to Nevada is just plain silly and moronic. Perhaps funds were wired over. I think what the PR is trying to tell all of us is that the entity in Dubai transferred some assets via THE BOOKS (AKA BALANCE SHEET) over to the nevada entity. Both auditors may have been used to create and record this entry or entries. However...nothing at the SOS of Nevada would confirm or deny this!...lol Like a PR states from a few days ago...all will have to wait to see what the assets we got transferred to OUR books here were. Ahhhh....the joys of investing!
Corvette!
the only thing Sulja is guilty of is not writing their PR's more clearly....lol
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