Sulja Bros. Building Supplies Ltd. -- Wessal International Is Purchasing 25% of Sulja Brothers
WINDSOR, ON, Aug 08, 2006 (MARKET WIRE via COMTEX) -- A Sulja Brothers Building Supplies (PINKSHEETS: SLJB) company spokesperson announced today that Wessal International is purchasing 25% of Sulja Brothers in the open market. Wessal International is the parent company of Red Sea Group. Red Sea Group was recently selected to strengthen Investor Relations in the Middle East.
CEO Steve Sulja stated: "Sulja Bros. initial business reach into the Middle Eastern market is attracting new investors. Wessal International's President, Ahmed Khalil Al-Muslmani, is buying 25% of the company. No more shares are being issued by Sulja Bros; therefore, Mr. Al-Muslmani has to buy in the open market. By law, this press release is the disclosure of Wessal International's offer and buying can commence in the open market immediately. We are very excited over the interest our company has received in the Middle East. Mr. Al-Muslmani has been watching our growth in large projects and stated his offer at the project closings in Germany. We warmly welcome Wessal International to the family of Sulja Bros. shareholders."
How ironic, Cassity, weekendwarrior, others and me discuss how traders need to be cautious, need to gain information about a company, need to develop a trustworthy picture. All read our discussions, or I assume so.
The instant questionable news comes out, almost all of you suddenly go stupid, go into a buying frenzy, toss all caution to the wind.
A majority of traders, here and elsewhere, are now suffering a massive stupidity fit.
Sure, flip it. Why are you not looking at details, not asking questions, not discussing the validity of this news? Because you are having a stupid bout.
All these efforts by a few of us to help readers learn and become better traders, for naught; gone in a flash, like your money.
Some posters bring up very good questions, I however am one that needs time to investigate...I've been in this for a while...made great % gains...will continue to do so...and when I have actual information to share I will share...some may call it "stupid"...it's all in one's perspective...I play the game and when I have the time will look further...
For those of you that can, and will, research now...if that is how you "work"..."stupid" is NOT trading the way that "works" for YOU and trying to trade on someone elses say so! IMO...
Play your game, protect your capital and take your profits...however it is that one does it...IMO!
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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I am glad SLJB has gone back to where it belongs and also glad lot of frontloaders have sold yesterday and today.. as for shorters.. i hope they are not betting on stock going back to 0.08 .. anything above that is acceptable...
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations. Posts: 961 | Registered: May 2006
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sorry purl, i read it too fast, i totally apoligize, that is why i took down the post...i thought u meant i was one of the ones going crazy..once again im sorry..i just read to to fast...thanks for the compliment.~
-------------------- Dont take my advice, due your own DD Posts: 711 | From: Oklahoma | Registered: Apr 2006
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Ok, weekendwarrior. I see now you have edited your post. Not a problem and I am sorry for any offense I caused. We all do stuff like this, which includes me.
What I am trying to do is prompt readers into discussing this news release. This has nothing to do with potential for profits, on the side. This has to do with testing the validity of the news; is that news true and trustworthy?
I instantly see two major problems. It is doubtful this company can buy twenty-five percent of the SLJB company through the public float, and I question why a company would release news like this which will drive prices up placing the buyer in a bad position.