Replies to post #236423 on Sulja Bros. Building Supplies, Ltd (SLJB)

[MrGoodBuddy]

My O My, I applaud you for toning down your optimism that is for sure. I am glad to see you posting in this manner because it is refreshing at this point.. No disrespect intended to you as I think you have tried to be honest in some respects, but I also think that you have been trumpeting it will all be fine since this fiasco broke.

I mean it, glad to see that you are at least toning down the optimism and being reasonable.

Oh yeah, they will be lucky IMO to get off with some fining and investor confidence will take a LONG time to come back if they do.

Also, a settlement agreement with fines will require that they sign onto it and you can bet if it goes that way that that will be forwarded to the SEC because they will also want to pad their coffers with some fine money too. Bet on that IMO.

Let's hope that they can clear it, but it does not look like the odds will be in their favor at this point

[massconfusion]

No, airys, the company is pretty much guilty of fraud on the facts. This isn't a criminal trial, although I thing Petar the thug will face one.

[rookeeper]

Airys they lied in the PR then.

As far as the PWC KPMG issue, they say they have documentation from Econometrics that will show that they were going to negotiate with PWC and KPMG to work on SLJB's audit as stated in their pr. If not, another nice fine to make sure they don't forget next time.

Wednesday August 23, 3:01 pm ET

WINDSOR, ON--(MARKET WIRE)--Aug 23, 2006 -- Sulja Brothers Building Supplies, Ltd. (Other OTC:SLJB.PK - News) completed the asset transfer to the State of Nevada. Sulja Bros.' attorneys have paid all creditors and liens on the assets prior to the move. The balance sheet has been forwarded to auditor to complete our financials.
CEO Steve Sulja stated: "The State of Nevada has received the assets. The balance sheet has been sent to our auditor and we expect to have the audited financials completed in mid-September. We are pleased to update our shareholders of the asset and audit progress. KPMG and Price Waterhouse Coopers will complete the audit and the assets are contained in the upcoming audited financials.

[janice shell]

As far as the PWC KPMG issue, they say they have documentation from Econometrics that will show that they were going to negotiate with PWC and KPMG to work on SLJB's audit as stated in their pr.

"Going to negotiate"? They said PWC and KPMG WERE DOING the audit. Big difference.

[massconfusion]

What BS, airys. Was PM engaged or were they not?

[marketmann]

so, everything is 'fine'
have you given any thought as to what happens if your guessing is wrong, and all is not 'fine'?
what's your worse case outlook? please dont tell me you haven't given it any thought. you seem way too smart not to have a guess that way either.

[Tradermask]

And who pays the fines? Again, the little shareholders.