Those are my thoughts also. Correct me if I'm wrong but the only information we ever had on the cement deal was that it was in Dubai and that it was worth 350 mil. Am I correct?
If the above is true, then how could any shareholder call on this deal? Was there a company in Dubai that the deal was signed through? If so no, information was ever made public.
So who else could the shareholders have called to create the problem?
Like you said sandbath, probably a premature announcement, nothing more.
In the past several months Sulja has enjoyed great growth in regions beyond our traditional North American borders. Our Middle Eastern expansion plans have proven very profitable and have exceeded our expectations. In the very near future we expect to announce the successful opening of our new design center in Dubai. Continued growth in our North American sector has been steady; however, due to less then favorable economic conditions in our operating regions, our growth and expansion plans have been postponed until such time an investment of this nature will make more economic sense.
All of our expansion and future business plans will be posted on our newly designed website expected to be up within the next two weeks. At that time we will invite all of our valued share holders to comment on these plans and make suggestions. A oard will be set up to allow our investors the opportunity to post there concerns and speak amongst one another. We are providing this because it appears to me that this is what our investors do best and we would like to make you happy.. That said, I would also like to ask that our shre holders stop calling our sales centers and wasting the time of our valued employees. They are there to service our clients and have no information regarding any corporate structure or policy/ By calling and tying up the telephones lines, our clients are finding it hard to reach our sales staff and are becoming frustrated. If however you require building materials, please, feel free to call and they will be more than happy to help you.
On a similar note, our clients are also being bothered by some of our shareholders. This has become a real problem and I must insist this stip. The logic of such behavior eludes both me and our other Board members/ To date, this has caused one of our larger clients to inform me that they will no longer choose to do business with us/ This particular client reported receiving over two hundred and eighty calls in the first hour of business. These people simply wanted to buy our materials and have done nothing to warrant this type of behaviour from us/ Perhaps one of our shareholders could shed some light on this ridiculous behavior to the rest of us/ Our staff works very hard in putting together deals and through the misguided act of few individuals, a large deal was lost. I will work diligently over the next few days to regain the confidence of this client. I ask if anybody knows who these brilliant few are, they forward their information to me so that our legal department could contact them and explain to them the ramifications of there actions. I will also remind our shareholders that actions such as this undermine the credibility of our corporation.
As far as share value is concerned, we are part of a free trading market and will be judged only by our performance/ Any individual who chooses their investments based on press releases should really take an investment course. These releases are put out to inform our shareholders and prospective shareholders of our pending and completed deals or changes made to directorship. In light of recent investor behavior, it is now the policy of this company to hold all releases until the successful completion of each transaction. Unfortunately. this may affect the rate of increase in share value in regards to time, however, I feel this is a more honest method of announcing our achievement and will also ensure our efforts are not thwarted by overly zealous investors.
In closing, I would like to invite all of our investors to take great interest in the goings on of this corporation. In saying this, I would also respectfully ask those of us out there, who are determined to undermine our stock and our efforts, to please sell there holdings in our corporation and let the rest of us do our jobs. Serious convcerns will always be welcomed and addressed. Ridiculous inquires will simply be discarded. I take my position very seriously and understand my responsibilities to our shareholders, clients, and employees and will not be led astray by people who simply desire to impede our growth by making issues where none exist/
I thank you and look forward to hearing from you.
Petar Vucicevich CEO Sulja Bros. Building Supplies Ltd.