Replies to post #246006 on Sulja Bros. Building Supplies, Ltd (SLJB)

[rookeeper]

SLJB Announces Internal Review of Prior Public Disclosure and Other Matters; Also Discusses Actions by Ontario Securities Commission and Inquiry by U.S. Securities and Exchange Commission

Yep, charges are just "too be expected", right otter.

Allegations issued by the OSC can be found at http://www.osc.gov.on.ca/Enforcement/Proceedings/SOA/soa_20061227_suljabros.pdf . On December 22, 2006, the OSC ordered the cessation of trading in the Company's securities for 15 days and, on January 8, 2007, that order was extended until March 23, 2007 The Company did not oppose the continuation of this order and is cooperating with the OSC, but cannot at this time comment on the substance of the OSC's allegations or on the impact of the OSC's order on the trading of the Company's common stock in the United States.
The U.S. Securities and Exchange Commission (SEC) has also informed the Company that the SEC is conducting an inquiry into the matters that are the subject of the OSC proceeding.

[swifty714]

So how much you got now. Scale down buying can only last so "long".

[idahoseb]

The most interesting thing to come out of the investigation is the way the insiders TOLD the MM's to hold the price in a certain range.
It should be obvious that this outfit is bankrupt, or will be before long and the price should be .0001.
If you go to the CMKX board, there are still people buying at .0001, the sell is .0000.
I think the future of the Sulja Bros. is jail time.