Qaswaseas I agree...
Peter being the CEO might be the best thing that has happened for this stock so far! Well maybe except for the big contracts, but Peter has been here pretty much since the get-go and has been the main guy behind the scenes making this whole thing possible. Also I think a lot of people forgot about this PR as well:
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LoftWerks, Inc. Contemplates Regular Dividends
NASHVILLE, TN -- (MARKET WIRE) -- March 13, 2006 -- LoftWerks (OTC: LFWK) CEO Dennis Ammerman and a Consultech company representative are currently reviewing a plan to issue regular dividends to stockholders.
The plan calls for a regular quarterly dividend of $0.0025. The 300 million shares represented by Consultech and LFWK CEO Dennis Ammerman will return the dividend to the company's Operations Accounts. Two Insiders that represent 86 million shares have agreed to return the dividend to the company as well.
CEO Dennis Ammerman announced today, "The dividend is being designed to minimize effects to company profits yet incur maximum damage to the short position in our stock. Consultech and Company Insiders understand that the money spent on the dividend is necessary to achieve a reasonable fair market share evaluation for all stockholders. "Two insiders, representing more than 86M shares have already agreed to return the dividend to the company. The total share count enumerated for the dividend return to LFWK operations, and subsequently Consultech, is 386M shares of the 500M Authorized.
The remaining 114 million shares will receive a $0.0025 per share dividend. LFWK estimates an equal number of short shares that will also receive the dividend. Ammerman stated, "So far, it looks like a matching dividend program from the short sellers. Every dollar the company issues, in dividend form will be matched by the short sellers. If the short sellers refuse to pay the dividend, their identity will be revealed in the 'payment in-lieu paperwork.'"
LFWK expects that the efficiencies introduced by Sulja Bros. Building Supplies' new role as exclusive supplier will pay for the dividend. Ammerman commented: "The savings from removing a middle-man supplier by using Sulja Brothers as the exclusive materials source directly and positively affects the LoftWerks bottom line. After the merger, this margin will still be realized by the company. Redirecting new profit to shareholder dividends is, in essence, another wash. The dividend plan serves but to increase shareholder value."
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Well Peter is the president of Consultech, so I am sure he had something to do with this Consultech company representative and this dividend plan. In my opinion the dividend is still a very great possibility!
Also look in the last paragraph of this press release. This PR is all the way back from March, and the last paragraph explains exactly what has happened over the last 5 to 6 months. SLJB is being set up as an exclusive direct supplier to the Middle East removing any unnencessary middle men and increasing profits. Also these profits which are about to start rolling in (could be in the 100's of millions) will easily pay for this dividend, or a far greater dividend, as stated in this pr.
For those who have your doubts I hope this MARCH PR helps you to understand how long ago this entire merger plan was worked out. This is a very intricate situation we are in right now with SLJB. But all companies involved have been negotiating these plans for the better part of a year or more. Peter has been there since the beginning of this whole situation, and if there is anyone fit to see it all through, Peter is the one IMO...
The Kook Book
P.S. Now let's sit back, watch for the numbers, and enjoy the ride!
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