Replies to post #113755 on Sulja Bros. Building Supplies, Ltd (SLJB)

[nickulliana]

the thing is is that they are not going to be shipping lumber from Sulja in CA to UAE. Sulja in CA will be shipping hardware. You have to look for the lumber mills that have been mentioned in the PRs for that.

[12ring]

Also remember this PR too--mentions Kore, Consultech, and Loftwerks, tho not Emaar:

LoftWerks (LFWK) Announces New Projects in the Middle East Region

WINDSOR, ON, Apr 21, 2006 (MARKET WIRE via COMTEX) -- New LoftWerks (OTC: LFWK) CEO Steve Sulja in Windsor, Ontario announces today that Consultech Construction Management Inc.'s Director General Petar Vucicevich has been in the Middle East for the past 4 days completing negotiations for the land and construction of a 280 room exclusive luxury hotel on the Al Reem Island, in Abu Dhabi, UAE.

Tracey Banumas, Director of Operations for CCMI stated that the cost of acquiring the land on Al Reem Island is $29M, cost of construction of the luxury hotel is estimated at $645M, both the land and financing for this project have been secured as of yesterday. The anticipated start date on the hotel construction will be mid 2007, and to be completed by mid 2009. Abu Dhabi, United Arab Emirates is one of the busiest and fastest growing areas in the world. Average hotel occupancy rates in Abu Dhabi are over 92%, and increasing steadily with the onset of businesses moving into the new hub of the Eurasian market.

Vucicevich states that expanding Consultech's business reach into the Middle Eastern market is gaining momentum, and further ventures and business opportunities are underway for this region.

Contact:
Kore International Management Inc.
1-866-658-KORE
SOURCE: LoftWerks, Inc.

<snip>

Think of the savings if SLJB sells the materials to CCM and they build it at cost, basically selling to themselves? This was "secured" as of April 20 and is supposedly to begin soon.

[raguse8706]

Hmm once again allinone phrases his posts in a certain way that shows up AGAIN later on in a SLJB PR.

"If you have ever worked for a large corporation in a high management job here in the U.S. you will see level upon level of different companies established within the umbrella all intended to do one thing only. Protect the person at the top of the building in the fancy office from being sued. For you to get at my top of the office person, you would have to work your way through 12 platformed companies incorporated in many states without any connection by name or affiliation."

and another reference to this "umbrella operation"

"Common practice in developing a structure of companies all having a part in the supplying of products to the main builder although the builder also owns these companies somehow in their country corporate capabilities. Protects the main company from lawsuits. They set up companies which do not have any true value so if something happens and the lumber is not of the right quality and they still us it and it falls down, the supplier gets sued, in this case Wessal and not Emaar. It is like the army ants out protecting the queen ant."


Another thing that caught my eye in these posts was how he references the umbrella operation protecting the larger company(in this case, Emaar). I really do not like the way it is worded, as he makes it sound like SLJB is just a small piece of the puzzle that can be easily discarded if a problem arises. Maybe I took it the wrong way, but it seems worded like that.

[OLDSCHOOL110]

VERY VERY VERY INTERESTING Post !

we are sitting on a GOLDMINE in my opinion