Posted by: bluediamonds In reply to: Waverider110 who wrote msg# 84380 Date:9/20/2006 11:02:35 AM Post #of 85404
Wave: $5/share to $10/share much sooner than most expect.
I agree with you, the BIG MONEY starts rolling in after the audited financials.
How high this goes is anybody's guess.
How soon SLJB is on the NASDAQ may be what really surprises people, as this all plays out in the near future.
$5/share to $10/share much sooner than most expect.
With a major short squeeze, which seems inevitable at this point (probably before the NASDAQ listing), the price per share goes off the charts!
IMO
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Posted by: Waverider110 In reply to: None Date:9/20/2006 10:38:38 AM Post #of 84409
"Independent Third Party Review"
Petar mentioned this in his most recent CEO statement. Here is what it means under GAAP definitions:
PERFORMANCE AUDITING. A systematic process of objectively obtaining and evaluating evidence regarding the performance of an organization, program, function or activity. Evaluation is made in terms of its economy and efficiency of operations, effectiveness in achieving desired regulations, for the purpose of ascertaining the degree of correspondence between performance and established criteria and communicating the results to interested users. The performance audit function provides an independent, third-party review of management's performance and the degree to which the performance of the audited entity meets prestated expectations.
Or, Petar could have been using the quoted terms in a generic manner. Either way, WHY?
As was pointed out here yesterday by another bright & experienced poster, you don't usually do this unless there is a "buyer". I wonder if Wessal is paying for the "independent third party review" (by KPMG?) before they buy 25% of the company stock. If so, WESSAL HAS NOT STARTED BUYING YET- AS I HAVE THOUGHT ALL ALONG. Even if they legally could after the PR last month, they are smart and capable enough not to throw their money down some black hole. I look forward to their participation! LOL
Posted by: THEKOOKBOOK In reply to: Waverider110 who wrote msg# 84380 Date: 9/20/2006 10:52:27 AM Post #
Waverider,
As always, a great post. I like your fact and then opinion style of posting!
Also very intriguing to say the least. I cannot even fathom what price we will be trading at if Wessel has not started buying yet, and then throw in the possibility of a dvidend announcement. Unbelievable the potential here. Woah wait I am getting excited now, oh no tooo late...
My seatbelt is securely fastened for next week and I am carrying 2 extra pairs of underwear on me at all times just to be safe. This is gonna be one hell of a ride...
SLJB: "one of the greatest short term returns in the stock market"
FWIW:
Posted by: Darth_Trader In reply to: None Date:9/14/2006 8:07:46 PM Post #of 73138
CEO Steve Sulja stated: "We received some early coverage from Knobias. The article detailed the undervalued condition of our stock by accepted standards of price and market capitalization. The company believes the condition is temporary and due to being listed on the Pink Sheets. Our takeover of LoftWerks to protect our joint venture interests is the reason we are temporarily on the Pink Sheets. We are clearly not a start-up company, but we are careful about protecting our money invested in a joint venture. The company financial audits will be completed in a couple of weeks (from an older PR, see below, as the audited financials, according to calls to SLJB IR, look like they may now be out any time this week).
Then a Form 10 will get our company to the OTCBB. Clearly, this is not our final goal. We will seek a NASDAQ listing. The company is making enough net profits to easily justify the NASDAQ move. Our long term investors know we are worth more and within a year, we will give them one of the greatest short term returns in the stock market."
SLJB: (IR) Marquee Interview w/Chad by Stock H.O.G.
FWIW:
Posted by: Stock H.O.G. In reply to: None Date:9/19/2006 3:21:10 PM Post #of 82751
Marquee Interview w/Chad:
1)Will the audit really be out by Friday?
Yes and could be Thursday, if all goes well. There are several locations involved (U.S., Canada, UAE, Egypt), so it’s a little more complicated than most think.
2)Are we really using KPMG & PWC?
One of the two will be signing off on the audit. Based on the vibes I got, it’s KPMG, which was verified by someone on the board already.
3)What’s the deal with 50M extra shares in the A/S?
This is a mistake and is still being worked on. 100% guarantee its still 800M. It was caused by someone requesting 50M certs. The transfer agent messed up. Should be fixed on the Nevada site soon.
4)Why is Petar leaving?
Petar is the man who’s landing us huge deals. For example, the deal he landed with the Liberian government. He will be staying on and continuing to get us deals. We need a top-notch CEO who can lead a public company. There was a mention of a Home Depot executive, as a possibility.
5)Why did Petar release his last statement prior to the audit? Petar is trying to be up front and honest with the shareholders, regardless of the timing. He’s not trying to be a pumper-CEO.
6)When will the 1Q results be completed?
Not sure.
7)Is the OTCBB paperwork ready?
The move to the OTCBB will happen shortly after the audit.
8)Are we still having the MN1 interview?
This may or may not take place. There are actually some things in the work (i.e. coverage), which will give the company better exposure. Basically, interviews with bigger players than MN1. FYI, Petar will be doing the interview(s).
9)The Marquee Asset Mgmt website will be updated in the near future to provide you with some educational information with regards to short covering and the like. It will also provide you with an example of a company who basically forced the shorts to cover. This will help everyone understand what is likely to take place with SLJB.
10)Can you again confirm the cement deal is final? The cement deal is a done deal.
11)Can you explain more about the big buying that will most likely take place in the near future?
At this point, the stock is unsolicited, meaning, brokers can’t call their people and tell them about this great opportunity. Once the audit, etc. are complete, they will be able to do this. Chad knows of many firms that will be buying big (many have called him already).
12)Other than the steel, lumber, and lumber mill deal, is there anything else in the works?
Yes, there is something else, but Chad could not expand on it.
13)Is Wessal done buying?
He does not think they are done.
Overall, hold on to your shares folks!!! The audit is coming!!
All of the above is in my opinion only. Please do not buy or sell based on what I have written.
Posted by: skinluvr In reply to: None Date:9/19/2006 4:42:24 PM Post #of 83166
Conversation with Chad:
What is primary focus of Petar and SLJB within the next 30 days?
~Fully audited financials by end of the week.
~Solidify and focus on closing any open contracts, along with future deals, including several that are currently being presented to the company.
~Remove any and all shorts from the companies common stock at any length necessary.
~File form 10 for uplisting to OTC BB.
~Continue down a more aggressive path to promote Middle East interest in Sulja Bros.
It was also mentioned that SLJB and Marquee are currently working on getting more attention and exposure to the larger public investing markets (via: investors/brokers/brokerage firms), they feel their hard work is already starting to show in the trade volume of SLJB.....
In your opinion will the Middle East investors increase their buying upon the audit release?
~With the deisgn depots and the news that continues to generate throughout the gulf, along with the huge demand for our supplies and products, it will increase in days and weeks to come.
~I am expecting a huge interest starting next week due to the fact the financials will be out and in public circulation. These guys are big oil money.
Company has indicated the release of the Audited Financials by September 23, 2006.
KPMG had requested three days to improve and integrate Price Waterhouse Coopers current results into the final product.
During the 12 months from June 1, 2005 to May 31, 2006, Sulja Brothers Building Supplies had revenues of $63,047,611.00. The company made $28,371,424.95 gross profit with a $26,023,991.63 in pre-tax profits. Net profits were $15,879,839.69.
Sulja Bros. has closed a cement contract in Dubai with Ramada General Contracting in Abu Dhabi, UAE. Ramada General Contracting is paying an average of USD $50.00 per metric ton. The contract is for seven million metric tons of cement per year. The deal produces yearly revenues of USD $350,000,000. The UAE currently faces a shortage in cement production.
has been mentioned in previous press releases and may be used in the near future. The plan calls for a regular quarterly dividend of .0025 cents ( 1 cent pps per yr) The dividend was mentioned and designed to minimize effects to company profits yet incur maximum damage to the short position in the companies common stock. Consultech and company directors/insiders understand that the money spent on the dividend is necessary to achieve a reasonable fair market share evaluation for all stockholders. Company had 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.'
-WHAT IS SHORT SELLER CAPTURE CAPITAL? (per company previous press releases)
There is no stock definition for this type of buying; therefore, the company created their own definition. It's called 'Short Seller Captured Capital.' Insiders have expressed interest in selling blocks of shares back to the company at a later date. The shares can be introduce back into the market after the company plans are executed, and the short sellers can complete their buy-in at a much higher price. Short Seller Captured Capital will prevent dilution of the current shareholders' value while providing insulation to the current shareholder from the effects of high-volume sell-offs."
Company announced it is opening 3 new offices in the Middle East. A Red Sea Group company spokesperson commented: "The 3 licenses for Sulja Bros. Building Supplies were obtained in the Middle East. Ground breaking commenced today in Abu Dhabi, Dubai in the United Arab Emirates and in Bahrain." Company has stated it's need to supply existing and new clients in the Middle East. The construction in the UAE and the Middle East is projected to exceed 28 billion by the year end. Sulja Brothers is increasing its market share of these lucrative projects. The Red Sea Group has been very successful in obtaining new clients and projects. Our client base has grown tremendously through our relationship with the Red Sea Group."
-CONSULTECH CONSTRUCTION MIDWEST MERGER (still in the works per company pr's)
1. The Consultech Construction Management Inc.'s Midwest merger if used would increase the market cap along with adding a much larger flow of revenues and earnings to the bottom-line.
As previouly stated in press releases this office is was in negotiations with Federal, State, and Local officials to procure storm relief work outside Biloxi, Mississippi more details will be released at a later date per company official. Steve Sulja had announced the appointment of Direct General of Consultech Construction Management Inc.'s Director General Petar Vucicevich as Sulja Bros. new CEO/President. Mr. Sulja had said the new appointed position would allow for a smoother transition of the Sulja vehicle at a later date for its merger with Consultech's Midwest Operations. Mr. Sulja at the same time had mentioned this was indeed a good move on making our process easier.
Mr. Vucicevich stated, in recent press releases "I look forward to working closely with the existing Sulja Board and helping with the merger and expansion plans". Consultech had previously owned Sulja Bros. for nearly ten years and stated that this particular appointment consolidates the three primary aspects of the industry: materials, design and management.
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