Replies to post #210459 on Sulja Bros. Building Supplies, Ltd (SLJB)

[jk21]

was this from a more recent conversation than on your trip? thanks, have fun with your kid.

[bikerider99]

so they publicly announced they'll buy 25% of sljb shares on open market, and after that they sold as they don't like publicity. why would you announce something publicly if you don't want ppl to know of it?

also what happened to that 125mil cement contract with emaar?

[Risicare]

"Wessal is a real company and they are registered in Saudi Arabia"

All those magical international companies that have no phone number and only exist in Sulja prs.........................

They must do all their business by telepathy

"Wessal didn't like the publicity they were getting from the media. In fact, most middle east companies do not appreciate the publicity."


What publicity sljb is a penny stock covered a couple times in a canadian newspaper that services ~400 000 people?


"In fact, most middle east companies do not appreciate the publicity."

Bald faced lie plain and simple

[Jim Bishop]

Re: "As I understand it, Canadian taxes are pretty high."

http://www.cra-arc.gc.ca/tax/business/topics/corporations/rates-e.html

Corporation tax rates

Federal:

The basic rate of Part I tax is 38% of your taxable income, 28% after federal tax abatment.

For Canadian-controlled private corporations claiming the small business deduction the net tax rate is 12%.

For the other corporations, the net tax rate is 21%.

Provincial or territorial:

Generally, provinces and territories have two rates of income tax—a lower rate and a higher rate.

The lower rate applies to either:

the income eligible for the federal small business deduction; or
the income based on limits established by the particular province or territory.

The higher rate applies to all other taxable income.

[STATX]

the timeline of PV's first comment on the Sulja web forum that Wessal obtained 100 mil (as so he believed) to your response of PV's reasoning of why Wessal sold off their shares leaves a very small window of execution.. one would question this timeline allowing Wessal to exit just in time for the so timely news slashing..

You asked:
Why Wessal has sold out their shares(assuming they exist and they had some shares)


Answer:

Wessal didn't like the publicity they were getting from the media. In fact, most middle east companies do not appreciate the publicity. In addition, Wessal didn't act as they were expected once the publicity hit in full force and Petar said he was somewhat relieved they were out. However, he continues to have a relationship with them through his company, Kore, which benefits Sulja, since Sulja supplies Kore.