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Melvin Chizedek

07/23/07 9:13 AM

#277589 RE: Hockmir #277588

Really, hock? Explain how that could happen then, bearing in mind that SLJB trades on an unsolicited quote basis.
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janniebgood

07/23/07 9:41 AM

#277591 RE: Hockmir #277588

I think the proximate cause of that price drop resides in the hands of other than Sulja.

I guess that's where our opinions part ways. My opinion is that the downfall of this company was brought on in toto by the deliberate acts of its principals and Andrew DeVries (not sure he was ever an "official" principal but was obviously closely involved), thereby making the company(ies) vicariously liable for their acts.
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Tuslog28

07/23/07 9:56 AM

#277595 RE: Hockmir #277588

Gottbetter hedge fund? em
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janniebgood

07/23/07 11:49 AM

#277606 RE: Hockmir #277588

not within the ability of either a P&D operator

It is my strongly held opinion that it was certainly within the ability of a "P&D operator" to repeatedly announce its intentions to post long awaited and much touted audited financials by a Big Four accounting firm, and then fail to post them (most likely because they didn't exist to begin with), which failure was largely responsible for the crash on the morning of November 16. Mass panic selling by disillusioned shareholders obviously ensued, not to mention the possibility that another component of a "P&D operator", i.e. Andrew DeVries, may have begun dumping hundreds of millions of shares admittedly under his control through the US Kore operation, which probably never even materially existed (see statement of Petar Vucicevich to the RCMP in Anderson affidavit) . Even from my point of naiteve concerning the market, it seems very apparent to me that this is what caused the crash, and not some insidious plot hatched by any market maker, hedge fund or other outside parties to drive the company down.

In my opinion, the deliberate acts and omissions of Sulja Bros. Building Supplies, Ltd. (SLJB) and its principals (plus Andrew DeVries if in fact he was not an official principal), were the sole proximate cause of the deterioration of the stock price on November 16, 2006, and the resultant losses of innumerable shareholders.