Replies to post #122312 on Sulja Bros. Building Supplies, Ltd (SLJB)

[whonose5]

true--and maybe wessal was the buyer of that 50 million share-cert we heard about recently

insiders no longer restricted, owned 120 million shares--those 50 million could've come from them. probably the float is higher than calculated, surely not 22 million--and ya know what?:

it really doesnt matter.

blue sky potential baby--strap on your wings and aim for the sun!

whonose5

[Gigwoof]

Ed SLJB is not a reporting company, not yet. As a pinkie they can do totally as they please here. IMHO it would be totally foolish of them to PR "we've bought X million shares so far" in this particular situation. Once the company is fully reporting they will have majority control anyway.

Be careful with labeling these "big block buys," I don't think that it has been THIS consistent, but more importantly I once had a mentor (highly experienced investor) tell me that unless you were right there next to all the MMs (and who could possibly be?) there's absolutely no way to be conclusive with this. There's what they actually do, and there is what they want us to see. Yes, it's probably illegal, but then so is much of what's going on in business all around the world.