Replies to post #281638 on Sulja Bros. Building Supplies, Ltd (SLJB)

[uknowimright]

lol, there's more closings than expansion.

[EarnestDD]

Would they not have the necessary money for expansion from the tens of millions of dollars that they supposedly were making in profits in the past?
imo

[boogaloo]

They should use some of the $15M+ in after-tax profits to fund the expansion. (LOL!)

[janniebgood]

Why would they have needed money for expansion with an estimated net profit of nearly $16 million for the prior fiscal year, which they reported in a PR and on the company website? Also, some are now saying that the company has $25 million in assets. And, Steve Sulja stated in another PR that the company was already earning sufficient revenues to qualify for NASDAQ. I believe the NAS threshold is either $4 or $5 per share. Check out that PR and do the math.

Those numbers and claims certainly don't reflect a need for additional capital to expand their operations.