Replies to post #280891 on Sulja Bros. Building Supplies, Ltd (SLJB)

[Big Frank]

EarnestDD, Your good. Your take is very close to what’s happening. Harrow lumberyard was probably not profitable as we the long shareholders would like. So they moved to an area where they can shine. Thanks for pointing that out to me.
BF

[gerard711]

Do you mean they closed Harrow?

[El Camino]

When a smaller company can buy out a much larger company they must be doing something right!

When companies merge, (bought out), consolidate, they pool all resources, itemize and keep all low risk, high profit pieces, and then sell or discontinue all high risk, low return portions! Prioritize at first then expand as allowed! JMHO

[janniebgood]

Its pretty darn obvious that the Harrow lumberyard was not profitable and probably had been losing money for years.

But I thought they were already making enough profits for NASD??? One of the PRs said so, and I know I certainly relied on it, among some of the other now questionable ones, in buying my shares.

Some of the proceeds of the Nominee Accounts invariably went to pay of the accumulated debts of Harrow.

But wait. If they were already making enough profits for NASD (at a $4 of $5 per share threshold), as announced in a PR last summer, why in the world would they have needed to journal hundreds of millions of unregistered shares into nominee accounts and then manipulate trading, transfer/withdrawn millions of dollars to who know who or where, then claim they needed money to pay down company debt or expand the business? That doesn't make sense with all those astronomical profits.

You can't have it both ways.