posted                   

quote:

---

from another board
why I bought this stock in the first place

Because it's the penny market, people are naturally predisposed to turn very cynical about the least little delay or perceived downturn in fortunes... but it's really just a little patience that's required here as LFWK continues to absorb the distribution and accumulation that naturally follows any huge percentage run up, as it had from subpenny land to where it is now.

In a post last week, RB poster slam bang posed a merger question: "Is the plan to completely merge the two companies
without additional share transfer?"

Yes, that's exactly how I view the plan, to leave 500 million shares total outstanding, post-merger, with no more dilution and the potential to call for a dividend for all holders soon to squeeze out any remaining naked share sellers some more. There are 50 to 70 million shares as I understand it out of the 500 M total which the new, combined Consultech/Sulja/Loftwerks insiders
have stated they do NOT hold. presumably that's what we're trading with here every day.

Skeptics have posted "What's in it for Sulja or Consultech?" The answer is (hello GOOGLE!) they are going from privately held to PUBLICLY traded -- or at least Consultech is doing so, in part, through one of their profitable subsidiaries, Sulja Bros. With the synergistic aid of Loftwerks designs -- the merged company has the combined value and ability to book millions of dollars in new housing construction contracts ("earnings are expected to grow EXPONENTIALLY," is what it said in one of their most recent press releases, and how I love that word especially) in the housing-strapped southeastern U.S. market, thus driving the share price of their new company from a range of .10 to .40 per share, post-merger (based on a 2.2 EPS to start) to above $1 to $2 per share, as they score more contracts and likely federal funding (a la what ZENX did after Katrina last September) and move to the OTC or AMEX , thereby giving Consultech and Sulja their $200 million payday because they own that many shares -- hello GOOGLE again. Except unlike the way Google did it through an investment bank Sulja and Consultech chose to go public through an existing publcly traded company, the LFWK vehicle. The absolute brilliance of the plan is that both LFWK's Ammerman and Consultech execs. issued a couple hundred million new shares to Consultech, announcing that "dilution is the solution." Normally dilution would be a signal to holders that their shars are of less value, but shock of shocks -- especially to the naked shorters -- the
news was received as a positive force on the stock because of who the diluted shares were going to -- Consultech. What it meant was that Ammerman was giving Consultech a giant stake in the future fortune of his company, LFWK, and the future fortunes of LFWK shareholders in exchange for creating a merged entity that can generate big revenues
all while executing a very worthy cause -- namely, affordable housing for the hurting southeast and Biloxi Miss. area specifically. (Another hugely attractive element of the deal is that the Miss. legislature passed a law saying that if they do obtain and grant big state or federal funding for housing construction projects, the
business must go to in-state companies. Sulja Bros. is a registered business entity in Mississippi, as I discovered by doing an on-line search of state-by-state listings of construction company suppliers.)

The brilliance of the plan is that, knowing ahead of time that they have the players in place to crate a profitable venture on the level of any other solid AMEX or OTC level construction company (think ZENX again, for example) in the not-distant future, LFWK's and Consultech execs. also scooped up tens of millions of shares for the price of as
little as two-one thousandths of a cent, including shares that were sold to them by the the ever smug naked shorters who are accustomed to automatically making money in the market via their routinely nefarious method of selling more and more shares of a beaten down stock, shares they are not legally allowed to sell, thinking the price wil just go just go down and down as usual and never having to worry about it biting them via a skyrocketing share price that goes so far up, past where they sold, that they are now responsible for buying back 10 million shares, say, of a company that they had intended to "buy back" when it was worth ten times LESS than what they sold it it at. But now suddenly those 10 million shares are worth -- YIKES! 4 cents, 10 cents, 40 cents -- a DOLLAR per share... How is that gonna get paid back? Tell ya how -- probably by someone going to jail BECAUSE THEY CAN'T afford to buy it back anymore. And what a nice 60 Minutes piece that'd make.

So that's why I'm not selling my shares. Because not only has Ammerman created an opportunity for steadfast longs to make a LOT of money, he also has a legitimate chance to make HISTORY. I'd like to be in on both counts. Ammerman has a chance, if he follows this through, to put a little fear into the remaining naked shorters of the world. Maybe make it so that we Joe Longs can trade in a more profitable penny stock market that booms with fair market value -- instead of quivering in fear that every few downticks are
pre-indicators that naked shorters have arrived to feast on your favorite fledgling stock like locusts.

That is the current story of LFWK as I understand it. Did I bet the farm? No. But it sure would be nice to turn $1,000 worth of shares right here into $10,000 in a few months, which is the plan/hope.

---

IP: Logged | 

posted                   

quote:

---

Originally posted by Time2drum:
Wow, if today wasn't a dud! Where was everybody? Been almost twelve hours since I posted and no reply? Surely, this isn't going to fall off the radar now?

---

IP: Logged | 

posted                   

quote:

---

Originally posted by TheCreator:
I'm still holding this one, hoping for some news here soon.

---

IP: Logged | 

posted                   

wrong thread... back to kswj for you ...

quote:

---

Originally posted by djg7:
Bids 2x.0014, 2x.0013, 2x.0012
Asks 3x.0015, 1x.0016, 1x.002

---

IP: Logged |