Replies to post #254678 on Sulja Bros. Building Supplies, Ltd (SLJB)

[boogaloo]

Bee, Don't know the answer to that w/out having the day's trading records. But, either way... it stinks.

Regarding the dumping in the first hour... you can bet that shareholders were lined up to bail, due to the reiteration and reiteration of the DATE-CERTAIN audited fins. PV turned it into a singular PASS/FAIL event/day/time. When that happens, the share dumping can be like a nightmare.

But, as far as whoever else might have been at work... I don't know, but do wonder. If you were a hedge fund, wouldn't you target an incompetent situation (obviously the SLJB one was) and short the hell out of it? That seems like a given. Some pump and dumper cornered himself on a date/time and then failed to deliver, right? That means hammer the stock. Hammer it like hell. Retail had, at that point, lost all confidence. It was a crazy drop, but I'm not all that surprised (pissed, but not surprised).

So, you tell me WHO set things up so that that crazy BS crash was possible??? Who? The company itself? Hmmm? Maybe?? The answer to that is obvious.

[Grande25]

The AF's were PROMISED and quoted as "DATE CERTAIN". Yes, that is plenty to make it tank from .09 to nothing. Any more questions? It's a no brainer IMO... no offense intended but it just seems as plain as bagels and cream cheese.

Maybe I'm missing something but I don't think so... and as far as number of shares being a mis-match somewhere... don't forget the idea of "market sentiment". No demand + all selling + BAD NEWS = LOW PPS.

[DaFloorGuy]

AGAIN missing the deadline to release the AFs, even after posting late the night before that they would be out by 4am.....combined with the article written in the WS....equals all the reasons you need for the stock to tank. I wonder how many shares SLJB dumped that very day, knowing there were no AFs to release...hmm...how many company shares contributed to that total????

[DownWithPumpers]

sandbath, as you know, on 11-16, in the first 10 min of trading the pps went from .09 to .01. Surely you do not believe it was because the A/F were late do you?

Do you recall the total # of shares traded that day? What
I'm saying is that after the first 10 min of trading the pps
was about the same the rest of the day...Who bgt all those shares?

Who sold? Excellent traders. They could buy twice as many shares now if they were so inclined.

Who bought? A bunch of average-downers who erroneously think what goes down must go up.