Replies to post #147714 on Sulja Bros. Building Supplies, Ltd (SLJB)

[equityofficer]

Here is your reason, it's built into the pr:

"It is simply unacceptable for external factors to affect the accuracy of this report."

[Charlie48]

roytoy

Here is an article I found on the delay topic:

Excuses Mark Sulja Brothers Financials Delay

http://www.antandsons.com/therealdeal/suljabrothersfinancialsexcuses_102506/

Thomas J. Catino
10/25/2006 12:30 PM EST

This morning, Sulja Bros. Building Supplies Ltd. (OTC: SLJB) announced that its Board of Directors has received the company’s financials and reviewed them over the weekend. The financials have not been made public because there were some issues with the wording because of problems in translation. CEO Vucicevich stated today, "Due to the end of Ramadan and the celebration of Eid this week, we have not been able to make necessary changes with our auditors in the Middle East. Releasing the financials without giving them prior notice and making the changes would not be a good idea. I would like to state again, that we are in possession of the financials at the moment, but we do need to make these changes before we release them. If not corrected it would lead to a lot of confusion among our shareholders and we definitely do not want that."

Judging by management’s track record, the company has often broken its promises in regards to releasing audited financials. On September 25, Sulja Bros. announced there would be a slight delay in posting the audited financials as stated in previous press releases in order to “conform with proper accounting practices.” Also, on September 13, Sulja Bros. reported that “the company financial audit is nearing completion” and anticipates “having the audit stamped this week." However, the timetable was not met and the audit never released.

CEO Vucicevich concluded today’s statement by saying that “we have no intentions of keeping the financials private, we are only waiting to make it more transparent. We will release them as soon as all necessary corrections are made." Well then, enough already! Simply release the financials when ready instead of wasting shareholder money to issue a press release each time to make an excuse for why the release of financials will be delayed. Shareholders deserve better. These kinds of tactics, often seen in the over the counter market, ruin the company’s credibility and professionalism and hurt the trust of patient Sulja shareholders in management.

Full Disclosure: The author does not have a vested interest in shares of Sulja Bros. Building Supplies.

[pcfd635]

It's not a new delay.

Oct 25th. PR says issues needed to be addressed.

http://www.marketwire.com/mw/release_html_b1?release_id=176601

Nov. 3rd. PR says AF's will be available Nov. 15th.

http://www.marketwire.com/mw/release_html_b1?release_id=180192

The company doesn't need to say antything else imo. The 15th is it.

[Kblog]

In view of a few recent posts, no. I don't find that at all odd. Perhaps You've seen discussion - Re - KPMG article ?