Replies to post #199092 on Sulja Bros. Building Supplies, Ltd (SLJB)

[bikerider99]

found it, i know its not been posted by you. here it is

Posted by: allinone
In reply to: oilbaron who wrote msg# 56644 Date:8/26/2006 1:07:54 PM
Post #of 199102

Let the truth be told! I said this over a week ago! Exclusive supplier with all the necessary licensing for UAE and other Middle East projects!

Yesterday evening, I LITTERALLY TALKED WITH JOHN SULJIA, formerly the owner of Suljia Bros. in Harrow Ontario, the location of Suljia Bros.!!! I also visited the site in Windsor Ontario, as well.

Here are my oppinions and discoveries. Please do not take any of my oppinions as facts, but I DO have some FACTS, which can be supported...

first: Pictures of both Suljia locations can be found at this **** site: http://sukkadukkadhamma.********.com/2006/08/****-spot_26.html

I arrived at the Windsor location after it had closed. And to tell the truth when I saw the place my stomach sank. I wasn't impressed at all. The office was closed, but I was lucky enough to see a guy in back behind the place unloading his equipment. I asked him a few questions, but he didn't seem to know to much. He simply said he was an "employee" and that the office in Windsor was primarily for sales in Windsor and Southwestern Ontario. I asked him if he "owned any stocks in the company," and he said "no." I then made a remark about the many "projects," that were ongoing in Dubai, and he replied "that's what they tell us..."

The Windsor location is very unremarkable, a small office/shop probably no more than 5,000 sq ft., the large "parking" area to the rear of the place was empty.

In Harrow Ontario, the home of Suljia Bros., where the "real business is located," (and where I was fortunate enough to talk briefly to John Suljia) is a whole other ball-park.

John had owned the business for over 18 years,(started it from scratch) and has been in the roofing/constuction business for most of his life. Although, I did not ask his age he looks ready for retirement, which he did "two to three weeks ago," when he "sold the business!" AND he still owns 5% of the stock! When I asked if that was of the original shares, or the now outstanding shares he said he could not comment. I also learned that he has four sons that also own 5% of the stock! I asked if they each owned 5% or if in total they owned 5%, he said (furtively) that he did not know and that his accountant would have all that information...

I commented on the projects in Dubai, as well as the growing need for lumber in the Middle-East to complete the undergoing projects -as well as the projects in Germany. He mentioned to me that "they also need cement." I then mentioned how very convienient is was for Wessal to buy a small Canadian co. to get necessary liscences for high quality building supplies from Canada. He smiled and noded, but made no verbal acknowledgement. I'm guessing again, he could manke no comments. Lastly, I asked him if he was going to hold on to his remaining shares for a while. To which he replied, that he "would see what would happen in the next year or so," adding that "nothing happens overnight." His sons, apparently, are "still part of the company," but he could not say what part they were playing.

IMHO: The Harrow site and the talk I had with John Suljia has re-affirmed my faith in this company. I'm under the impression that Core dumpped some money in his lap that he could not refuse for a very comfortable retirement. As well, the possibility that his son's will be the benifactors of greater financial rewards for all the hard work he put into his business over the years also, makes him happy.

One question I did not ask John was how many employees there were, combined with Loftwerks and Suljia. I'm guessing that Suljia has no more than 30 employees between the office/shop in Windsor, and the Harrow location. The guy I spoke with in Windsor said there were usually three crews (probably two to a crew), and several office personelle. Who knows how many own stock?

Maybe sometime soon I'll take a trip to Detroit to get a clearer picture on the Loftwerks situation...

Please check out the pictures I've taken on the **** site mentioned earlier. Any further questions I can be e-mailed at robert.hefner*sympatico.ca

GLTA.

My Crystal Balls are my own, do your own DD before you invest!

[lakedweller2]

Please commit to either being a plaintiff or defense witness so we can move on. It is that simple. TIA