Replies to post #192488 on Sulja Bros. Building Supplies, Ltd (SLJB)

[rrufff]

In all likelihood, the company meant, with its own imprecise language we all love, that assets would be transferred to the Nevada entity. Some posters (not you) think that real estate and other assets would be physically transferred. I know of one worm who seems to think this is the case and his minyons posted about it for quite some time.

Now let's see

First we get a big crane and transfer this desert to Nevada, then maybe we can fly a hotel to Nevada.

Nevada is used by many corporations as their legal "home," despite the fact that they have little or no operations there because it is a state that caters to management and generates income with filing fees.

[binzur]

You have provided a number of pieces to my puzzle. I could never find details for the LFWK IPO. There is nothing, no ammendment anything in the Nevada Corporate records that show any entry of any assets, in the Corporation. Did they give those assests to the Sate of Nevada! LOL! It is obvious that no assets were transfered, let alone to our company.

The wording of that PR is quite amuzing. Also how could assets that were transfered in August '06 show up on an A/F covering 6-1-05 through 5-31-06? Those assets would not be included in that balance sheet if they didn't become part of the company until August. Read the PR about how the asset transfer now allowed the balance sheet and AF to be completed.

IMHO no assets were transfered to our company. For that matter the AF's don't exist either.