Replies to post #77523 on Sulja Bros. Building Supplies, Ltd (SLJB)

[pmunch]

100,000 more ... buy for me

[CashFXGroupPowerTeam]

Agreed

[Dancer the Clown]

I wish I could on Monday, but last Friday would have been better.

[browndawg]

I have been doing a lot of personal thinking about all that is happening and have a few thoughts, I hope the board will bear with me and see if I have made any sense.

1. Wesseal is buying 25% of the outstanding shares. This equates to 125mm shares.
Q. Why would they do this?
A. If they began purchasing last week at .14.5 it would have cost them $10mm to purchase 75MM shares. If they had to pay .25 to purchase an additional 50MM shares it would cost them 12MM more. Total $25MM.
According to the approximate share value already calulated for SLJB based on the unaduited numbers and the 2007 performa, (excuse me for not showing the numbers as they have been posted adnausium.? The the fair market value per share would be $2.82 per share, based on $307MM. If you extropolate that to $657MM with the additional $350 MM for the concrete deal that gives the fair market value Of $6.03per share at a multiple of 25X earnings.
If Weseal pays $25MM for 125MM shares that equals $750,000,000
in fair market value per share.

[browndawg]

Sorry for the long winded post but continued.
2. Wesseal then has a controlling interest in SLJB for basically no out of pocket money and has made a 3000% profit.

Q. If Wesseal has ties to Red Seas and EMMAR to have an advantage in construction deals in the U.A. E and Egypt, and has sources of construction materials at a cost advantaged deal based on U.S. and other negoiated deals throughout Europe and Africa, would this not give them advantage for contracts for construction/supplier in the Middle East?

A. I just finished watching a great documentary on TV showing the construction going on in Dubai and the plans (which we have been given info on) to create multiple construction projects and it was unbelievable. The Crown Prince has given these projects completion dates that are unheard of but they are doing it, on time and in some cases, regardless of cost. He wants it done.

HAVE WE GOTTEN INVOLVED IN SOMETHING WE NEVER DREAMED OF BUT JUST STEPPED INTO A GOLD MINE?