All I can say is that businesses have plans long before they tell us. This is not something they just decided to do. I have not had a good reason to doubt the company, and as soon as they give me one I'll be out. They have been doing business with Wessal for a while now, and the company obviously wants most of the business from UAE. I believe much bigger news will be out in the coming weeks, but this is great news and I will enjoy it for now. If the float is 200mil than I believe Wessal will buy up 50 million. GLTA
I will try this again, hopefully without so much negative reaction.
Almost nothing is known about SLJB. Traders need to learn as much as possible to help with making better decisions, like flipping versus holding.
What is the authorized number of shares? What is the current public float?
How many shares will this company need to buy to attain twenty-five percent interest?
Is this possible through the public float?
If not, the news is deceitful, or SLJB intends to dilute to make shares available.
Perhaps this is the source of recent dilution. Maybe SLJB is dumping shares to this buyer.
SLJB indicates it will not issue more shares, but this has nothing to do with dumping the existing authorized shares.
There you have a situation indicating SLJB is being less than honest. SLJB indicates no dilution, but dilution is in effect. SLJB will not issue more shares, but how will this buyer acquire twenty-five percent interest without more shares being dumped into the market?
Do you not see the contradiction presented by SLJB news?
Once again, SLJB has struck a deal with the buyer. Why would SLJB announce this buying BEFORE any buying is effected? This causes harm to the buyer which is inconsistent with making a good faith deal which benefits the buyer.
All over the place, contradictions are flying.
Readers simply must test the validity of this company's word if to make smart decisions, if to avoid losses and if to make profits.
You known nothing about this company. Why are you not testing this company's word?
Purl, wouldn't the float stay the same as it was with LFWK. Sulja was a private company, so they wouldn't be bringing any shares to the table. Correct me if I'm wrong. Also, the float on LFWK was 200mil. I'm not a very skeptical person and I tend to believe people until they give me a reason not to. SLJB has followed through with everything thus far, and they don't drag their heels. I think things will make more and more sense with each piece of the puzzle. JMO
Glass, I was always saying it would drop from price of 0.115.. charts were pretty clear on that.. MM's ddint have shares to give.. stock was overbought.. and once it starts going down.. only PR can bring it up.. .. and this stock has always behaved erratically as per MM's demands.. I know it since I have been in for a while now..
nobody can deny the fact that aftyer news, more people have bought than sold, besides flippers ofcourse..
as for wessel buying, IMO they would have been buying for a while, if at all they were.. I dont know about this specific deal, but as per their PR's.. they havent given me any doubt till date about truth in their PR's..
-------------------- 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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I think the question we should be asking is why would Wessal want to buy? They must believe that Sulja has a bright future, and I can pretty much guarantee they have seen verifiable financials. This is big news, and it just barely came out, wait for others to have time to read and research and I think the buying will continue.
purl, I agree, ppl need to be careful and due their own DD, im confident w.my own DD and gut feeling abt this company, but it is never smart to just buy a stock because there is hype or there is much talk abt it....we should all do our own DD and then on days like the past few days if your not truly confident in your own DD or the company at the first sign of a sinkning pps we would sell..but im here to let everything pan out, and jst like cassity stated since ive been following this company, they have not gave mea reason not to believe there statments, but they still need to be investigated...GLTA !!!
-------------------- Dont take my advice, due your own DD Posts: 711 | From: Oklahoma | Registered: Apr 2006
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"Purl, wouldn't the float stay the same as it was with LFWK."
My presumption is yes. I agree. However, I will discuss in a moment why this might not be.
So, two-hundred-million shares in the float, best we know. What is the authorized amount? This is the shares available minus what has been placed on the market.
Assuming no more authorized shares have been dumped on the market, which would be consistent with SLJB claiming, "no dilution," how much of the public float is in public hands? We do not know, will never know. However, my hunch is, with all the pumping, all the excitement, the public float, more than a majority is held by the public. I held more than a quarter of a million shares last week. There are many others who buy large amounts like me. There are a lot of traders out there buying smaller amounts but these add up to a lot.
Again, my hunch is there is not enough shares in the public float to attain a twenty-five percent interest. This leaves the option of dumping more authorized shares into the market, which could explain the heavy dilution going on for more than a week.
SLJB claims no dilution. There is dilution.
See the problem? A single instance of deceit defeats "everything" this company has said; company word cannot be trusted.
Once a liar, always a liar.
Is SLJB lying to the public? I do not know.
I do know, again, "something ain't right."
That is all it takes for me to back away and question my previous opinions. I am not one to cling to what I believe is right. I am one to question if I am right.
Returning to the float question, there are many mechanisms to increase the authorized shares without share holder consent. A company can say, "no more shares will be issued" and this leaves an out; "issued" is not the same as "authorized." SLJB can authorize more shares but not issue those shares. SLJB can also use those shares to make "in house" deals with other companies. This is not "issue" of shares.
Legalese wording works in favor of a company, not the public.
SEC filings are needed right away so we can examine what is happening, hopefully examine some factual and true data.
Sulja Bros. Building Supplies, Ltd. (Other OTC: SLJB.PK) Pro Forma Will Be Released Tomorrow
WINDSOR, ON, Aug 08, 2006 (MARKET WIRE via COMTEX) -- Sulja Bros. Building Supplies, Ltd. (PINKSHEETS: SLJB) announced today that the company will be releasing the pro forma tomorrow August 9, 2006.
CEO Steve Sulja stated: "Sulja Bros. has updated the pro forma to contain the recently closed projects. The closings, in Germany, have boosted our outlook for the next 12 months significantly. The pro forma numbers will continue to increase as more projects close in the future. The future numbers are astounding and the shareholders deserve to know the project contracts have come to fruition."
I am brand spankin new to this world of penny stock trading. From what I have researched so far, there are a lot of scams out there. I know that if you play it right you can make money from them even though they are junk. Anyway, I would appreciate any suggestions as to websites or resources that anyone has found helpful. Also, are there any good newsletters worth subsribing to?
Posts: 2 | From: Atlanta | Registered: Aug 2006
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I cleared just under thirty grand through very intense, very fast flipping. Mostly I worked with a one to two cent profit margin. High volume made this possible; fewer commissions allowing narrow margins.
10of13, you PM Wallace with some info for newbies. I am also very new and was wondering if the info could be of revelant to myself. BTW I have read a good portion of the general investing topics and am learning a great deal from everyone here. Thanks for taking the time for us newbies.
quote:Originally posted by zoers: 10of13, you PM Wallace with some info for newbies. I am also very new and was wondering if the info could be of revelant to myself. BTW I have read a good portion of the general investing topics and am learning a great deal from everyone here. Thanks for taking the time for us newbies.
There yah go...hope it helps...I've posted it over on the general investing board in the past...maybe I need to find it and bump it back to the top...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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