Not only bad timing for you selling before today's PR, but also, you talked to someone at Emaar who made it clear what many of us already have known...there is no DIRECT connection between Emaar and Sulja.
As for the Duba paper, they got the article like others on-line as a distribution channel for marketwire. They didn't excactly write the article.
The way I understood it, the deals were brokered deals that would not show up as Sulja but as different deals that were supposed to be in the SLJB shell. Please correct me if I am wrong.
Great DD. I did my best to warn everone here (without offending anyone) back when the stock was at .125 that problems faced shareholders. There was massive distribution masked by washtrading. Now that the CEO has resigned (most likely due to upcoming criminal investigations), and the stock price has collapsed, it is too late to act.
It doesn't surprise me about what you said about Gulf News. Look around Forbes.com, cbsmoneyline.com and you find all kinds of PR's from companies that "look" like stories. Problem is, if the PR is materially false to begin with, editors never see a majority of these PRs on the web site anyways to fact check them. Editors ussually have nothing to do with online editions anyways.
WTH is this? fhern01 and penny2penny have almost the exact same post saying almost the exact same things in the same paragraph structure. toss this as bs imo
Some called Emaar three years ago and posted that Emaar had NOTHING to do with SLJB. jmo
I called Joshua from the contracts department at Emaar. I got his phone number from Stock Hog. Joshua is Indian and speaks English fluently if anyone wants to call him and verify this information. (I won't give the number unless Stock Hog allows me to do so).
Joshua says 1) I haven't heard of Sulja. We don't appoint suppliers rather we assign the task to sub-contractors who do the business for us. We only give specifications of the material to be used but that's our only role in terms of supplies.
2) Never heard of Wessal, Kore, Consultech, Red sea, vista.