Replies to post #238975 on Sulja Bros. Building Supplies, Ltd (SLJB)

[marketmann]

Vucicevich told RCMP investigators that he directed the trading in the five accounts to keep the price of the stock around 12 cents a share. The stock price has since dropped drastically to about one cent a share in U.S. trading Monday.
how is petar going to spin this?

[binzur]

"About 150 million shares of Sulja stock sold earlier this year through the five accounts raised about $7.8 million, Vucicevich told RCMP investigators the OSC affidavit says."

150M x .12= $18,000,000. So it Petar told the investigators they only raised $7.8 Mil that is a lie. They will easily be able to prove the lie to an RCMP investigator by looking at the trading records of those accounts.

"Vucicevich said the Kore companies controlled about 280 million Sulja stock shares, according to the affidavit"

What does Kore have 280 million shares from? They provided nothing during the merger. Now it has been proven the merger of Loftwerks and Sulja Canada never happened. No wonder Dennis Ammerman got a $10,000,000 "loan" that was never going to be repaid. That is called a "payoff" for those of you who can't figure that out! The Loftwerks shell was totally bogus on the share structure especially as Sulja Canada was never merged into it!

"But the OSC already has secured records of five trading accounts of two Canadian brokerage firms that were opened by employees of Vucicevich's Kore International Management Inc. and several members of the Sulja family, whose Harrow-based lumber yard was incorporated in Ontario in 1987."

Multiple members of the Sulja family!