posted
"I still don't know what type of assets they would be moving?"
My personal presumption is the brothers are referencing money, only. A guess would be they are moving their money from a financial institution in the U.A.E. to a financial institution in Nevada.
quote:Originally posted by Purl Gurl: "I still don't know what type of assets they would be moving?"
My personal presumption is the brothers are referencing money, only. A guess would be they are moving their money from a financial institution in the U.A.E. to a financial institution in Nevada.
Purl Gurl
I was thinking real estate but thats just my view. Audited fin. would be great too don't you think.
IP: Logged |
"...has received clearance from the Dubai Government to move the Sulja Bros. assets...."
Another presumption I am making is the brothers are confused or lacking knowledge. This "Dubai Government" they cite, I would presume to be a municipal government, not a national government like our federal government in America.
I am facing challenges trying to understand why a local city government would have control over financial assets of a company. Maybe this is so over there, I do not know. Seems more logical the national government would have this control.
Regardless, needing permission to move money suggests there might be other issues at hand regarding the brothers money. Not too many years back a government "nationalizing" money was very common leading to, in effect, governments seizing money belonging to others; nationalizing banks. This probably is not an issue but exemplifies how government restrictions can be a risk.
Maybe the brothers are experiencing difficulty accessing their money, or tax rates are not good. I am sure there is an explanation which should have been afforded by the brothers.
quote:Originally posted by glassman: is there a zebra in the house?
No zebra here as I have stated before I am a SLJB pumper, supporter, lover and any other words used to desribe a person who truely believes in a company.
IP: Logged |
Possible. I tend to doubt any around these boards are familiar with laws over in the U.A.E. which is expected. I am not sure how the brothers would transfer real estate holdings. Usually, local laws or "state level" laws apply.
If the brothers are too effect transfers of real property, I would think local laws would govern this regardless of which state or nation nor "where" their assets are located; Nevada.
Perhaps what they are actually doing is making a transfer of or establishing their main office, a headquarters, in Nevada.
Rather confusing their statement about transferring "assets" to Nevada. Based on their series of pr news I am assuming the brothers to be amateurs when it comes to business. However, this is not all that consistent with their reported financials.
posted
oh what a P&D scam this has become .. dilution still going on .. hope everyone in it has lost tonnes of money on it today and learnt a lesson.. i did.. GLTA!
IP: Logged |
quote:Originally posted by Swing_trading101: oh what a P&D scam this has become .. dilution still going on .. hope everyone in it has lost tonnes of money on it today and learnt a lesson.. i did.. GLTA!
Im with you swing. Up only $41k yoday. Man I love these P&D scams. Seems to make me $$$$$$$$$$$. lol
IP: Logged |
posted August 14, 2006 05:11 PM -------------------------------------------------------------------------------- Mr. Al-Muslmani has to buy in the open market for him self, NOT Wessal International????
-------------------- Give me your Money.
-------------------------------------------------------------------------------- Posts: 754 | From: San Diego CA | Registered: Jul 2006 | IP: Logged |
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!
IP: Logged |
quote:Originally posted by IMAKEMONEY: WHO IS BUYING?? Wessal International are Mr Al-Muslmani for himself??
According to the way i read this;
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.
Ahmed Khalil Al-Muslmani is the one buying...not Wessal International So either this individual feels this is a great company to place his money...or he is in great need of a big tax right off....time will tell!
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
IP: Logged |
posted
A Press Release says Red Sea Group Replaces Kore International for Investor Relations for LoftWerks/Sulja. Red Sea Group is ambiguous and I found several different Red Sea Groups on Google. So I thought I would look up Kore International, and looked at the registration info.
The Administrative Contact for Kore International is Petar Vucicevich (the Director General of Consultech Construction Management). He has a vgic.biz email address, so I went to that web site and its a company called Vista Group International Corporation. I did a search on google for Vista Group International Corporation and found only 1 result, a web site called http://forever-in-love.com/. So I checked and that web site is registered to Consultech Construction. Why does Consultech Construction have a website called Forever-In-Love.com? strange...
Consultech Construction is "1 of 7 Master Builders in USA/Euorpe" and received the "Master Builder Award", I can't find mention of this anywhere.
posted
"...I found several different Red Sea Groups on Google."
This Red Sea Group appears to be a real estate development company out of Israel. I have found very little information on this company other than it being very active, worldwide.
posted
"I have found very little information on this company other than it being very active, worldwide." I guess that's my concern, everything is so vague.
Would a real estate and development company out of Israel be welcome to do business in an Arabic nation?
Sorry about this, just getting nervous.
-------------------- money, it's a gas
IP: Logged |
posted
"Would a real estate and development company out of Israel be welcome to do business in an Arabic nation?"
An excellent question which I decided would be best to leave unasked with a mention of Israel seeming sufficient for a hint.
Readers tend to react strongly to notions of this nature, notions of cultural conflict.
You will recall when our brain dead president elected to sell our ports to a company out of Dubai, public reaction was not good.
Geopolitics, at times, does play a role in our stock markets. How a Jewish company and an Arab company, apparently working together, will effect this stock, I do not know nor would venture to make a guess.
Perhaps the lure of money overcomes historical cultural differences. The U.A.E. does seem a very modern and a civilized country but does have a rather questionable past.
quote:Originally posted by Purl Gurl: Cassity, sorry, I have been unable to respond as much as I would like.
You read my articles elsewhere, you read my predictions for share price behavior, early last week. My predictions are proven absolutely dead on accurate.
Because of those predictions and my not pumping this stock, elsewhere, I was harassed and my articles deleted.
Nonetheless, what I wrote was proven to be dead accurate, right to the penny.
For now, this is a pump and dump stock.
However, there are some positives. Recently released financials are very impressive. I am waiting for audited financials to be sure what is released is true and accurate.
Volume is extremely high which is both a positive and a negative. Positive is you can flip with a lot of safety. Prices will not change drastically, certainly not in a matter of minutes.
This one will continue to trade in a range of .095 to .13 with very little variation, up or down. Maybe a down spike, an up spike, but not for more than an hour or two.
Negative on volume is either dilution is taking place or naked shorting is taking place. I have not checked the SHO list in a few days. I am leaning towards dilution, although the company claims no dilution. Reason for this is prices are far too stable for naked shorting.
Cassity, this is an excellent flipper stock. I have gone through almost 300,000 shares early last week. Extreme volume makes this possible, and only extreme volume.
My opinion is to not hold this stock for more than one day, maybe overnight if you want to avoid the "Pattern Day Trader" restriction. Overnight is ok but very risky.
Try to buy at .095 / .10 then flip at .11 / .13 per share, if you can. Trading in high volume is how you will make good money.
Another opinion is be ready to buy a large amount of shares to hold for a couple of weeks, for a couple of months. If those unaudited financials prove to be true, if nothing negative comes about, I am fairly confident this one will move up to the .18 to .25 range, once volume settles down and once audited financials are released.
Again, recent financials released are excellent. Dilution or naked shorting is taking place. This one can be flipped safely while volume is high. There are present high risks, but less than we expect for a penny stock. Do not hold this stock until it is very clear those financials are true. Flip all you want, but do not hold.
Next week, behavior should be like last week. Do watch for signs of a sudden up run. Jump in and jump out as fast as you can. This one is being heavily pumped so share prices can instantly become very volatile despite high volume. Flip, do not hold until you are certain holding is safe and the right strategy.
I will post more as information is developed.
Almost forgot, be sure to consider the effect of the "blast fax" and the company response. None can predict how this will play out. I am leaning towards a negative effect on share price.
Another almost forget I am editing in. Those thousands of claims Market Makers are manipulating this stock are a load of mule manure. Additionally, there is NO short squeeze taking place. That also is a load of mule manure.
Stay away from the I-Hub board. I mean this.
Debate my opinion, please. Prove me wrong. Nothing more I would enjoy than to be wrong. You best do this with factual verifiable information. If you harass me, I will do all I can to have you removed from Allstocks. I will not tolerate any of you harassing me.
-----------------------------------------------
Being truthful, a month or so back, I expressed serious doubts about all of this. I honestly did not believe this merger and end result would prove to be profitable.
At the time, based on then known information, my opinion was correct.
However, this recent release of unaudited financials has changed my opinion, for the better. Those financials are very impressive.
I accept those financials on face value but I am a very conservative and a cautious trader. I want to see _audited_ financials before dumping a lot of money into this company.
My words do not indicate I do not trust this company, do not indicate fraud is taking place.
My words do indicate I am being cautious because all of you, like me, know financials can be less than accurate with any company; Enron.
Our stock markets, in today's world, are driven by deceit and fraud. This we know. Being cautious is simply mandatory if you are to survive these crooked markets.
I am not willing to make any projections on this company because I cannot explain why volume is so extremely high. Yes, a lot of flipping but not enough to explain such extreme volume. I will not go into details but price and volume are not consistent with high levels of flipping.
My thoughts are, again, dilution or naked shorting. This high volume must be one or both of those. This is a very clear warning signal, thus my opinion to be cautious until the dust settles.
I would like to write, "Buy and hold" but I am not comfortable with placing reader's money at risk. Maybe there is no risk. Nonetheless, I will not place readers at risk. Doing so is wrongful.
My current opinion, which changes as noted, is readers should flip but not hold, until a very clear and trustworthy picture develops.
Upon support of those financials through an audited release, I do expect share price to move upward but _only_ when volume falls to more reasonable and believable levels. Current high volume will keep prices down and level; no potential for upward movement, not yet.
Without potential, readers should not dump their money into this one. Silly to dump your money when there is no potential; you only place your money at risk for no profit.
This potential will change in the near future. Maybe good potential will come about or maybe this stock will crash. Until readers can make a trustworthy determination of potential, my opinion is to keep your money out, this is, flip if you want but do not buy and hold.
Be sure I am keeping a close eye on this and am prepared to jump in with a lot of money once this stock settles down and becomes predictable through fundamentals and charts.
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Smile]](smile.gif)
.. dilution still going on ![[Razz]](tongue.gif)
.. hope everyone in it has lost tonnes of money on it today and learnt a lesson.. i did.. GLTA!
![[Big Grin]](biggrin.gif)
