Replies to post #119916 on Sulja Bros. Building Supplies, Ltd (SLJB)

[boogaloo]

papagio, I believe around 242M of the 362M are restricted and held by insiders. 120M are held by former insiders, unrestricted, so we don't know if they're selling or not. That's my understanding of it, but I'm not sure if I'm correct.

I thought your signature was a comment to me. haha My bad.

[stockprofit2023]

~ This should answer your question ----->

~~~~~ Share structure ~~~~~~

"The current outstanding shares are 500 million. There are 362 million shares held by insiders. Of the 362 million insider shares, 162 million are restricted. There are 138 million shares in the public float. The number of inside owners, of 10% of common class shares, decreased after the reverse merger. The increase of outstanding shares from 200 million to 500 million excluded holders of 20 to 50 million shares from insider status.

~~~~ Share Buy-back of 25% of the O/S ~~~~

"Sulja Bros. initial business reach into the Middle Eastern market is attracting new investors. Wessal International's President, Ahmed Khalil Al-Muslmani, is buying 25% of the company. No more shares are being issued by Sulja Bros; therefore, Mr. Al-Muslmani has to buy in the open market. By law, this press release is the disclosure of Wessal International's offer and buying can commence in the open market immediately.

With 162M of the 500M O/S being restricted the balance of "tradable shares" is 338M

25% of 338M = 84.5M which would leave 253.5M "tradable" outside of Wessals hands.If the insiders have held their entire position of 200M since the share structure release and commencement of Wessal's buying the remaining float outside of insiders hands would only be 53.5M

~ Now if Wessal is buying 25% of the entire 500M O/S and insiders have not sold we'd need to subtract the 125M from the 138M in the "public float" which leaves 13M remaining. ~

~ The stock would be very tightly controlled consequently allowing them to move the price just about anywhere they want it. ~

SP