posted
I always knew this was just one consolidated block and they were the ones who have acquired sulja... lets see how this all fans out...
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I called both numbers but it is for Network solutions - They need to bring the news out. The longer they wait the more anxious people will get and start to sell it off. I hope they send the news out today. They said it should have been done by last weekend and now we are at another week. If I am off target someone please re-adjust my thinking.
posted
LFWK/Sulja Execute Documents to Finalize Long-Awaited Merger Apr 28, 2006 12:44:00 PM WINDSOR, ON -- (MARKET WIRE) -- 04/28/06 -- LoftWerks, Inc. (OTC: LFWK) today announced that all pertinent documents related to its merger with Sulja Brothers Building Materials, Ltd. have been executed, finalizing the merger process. All appropriate officers and directors of LFWK, Inc. and Sulja, the primary players in the merger process, reviewed, approved, and executed the documents today. "We are confident that every detail has been addressed," said new LFWK CEO Steve Sulja. "We believe that we have completed a process which will allow us to rapidly reward our loyal shareholders who have supported us through these merger negotiations. Our new structure should certainly provide a platform for increasing our share value," he said.
An LFWK spokesperson also stated that the company would now be moving into the next phase of the merger transaction. Forms and filings pertinent to the deal will now be expedited to the Securities and Exchange Commission. "We have retained the services of Adam S. Gottbetter, the founding partner of Gottbetter & Partners, LLC," he said. "This is an internationally acclaimed Securities law firm, headquartered in New York City. Mr. Gottbetter will be handling the filing of our 15c-211 and Form D with the SEC, and we look forward to a long and fruitful relationship with him," said Sulja.
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements maybe identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise Its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
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"We are confident that every detail has been addressed," said new LFWK CEO Steve Sulja. "We believe that we have completed a process which will allow us to rapidly reward our loyal shareholders who have supported us through these merger negotiations. Our new structure should certainly provide a platform for increasing our share value," he said.
I like to hear these statements!!!! MONEY MONEY MONEY!!!
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Daytrader - I am looking for that as well. The new plans are going to be going through quickly now!!
People are going to get wind of this and it is going to fly just wait and see. I am glad for all who have waited this out. Now we can see what this train can really do!!!
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Wait and see if the next news out does not include more news about a dividend. Since they have all of the paperwork done and the companies together they can move ahead. They couldn't move ahead with a dividend until everything was complete.
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yeahh.. especially the news that both LFWK and Consultech and one and the same is big.. it will eventually be announced i guess, or the best bet would be that they would consolidate all the three entities and pay divident of consultech to LFWK players... thats my best guess.. first step is OTC.. thats what I am waiting for noww!!
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well.. I told you.. this company had all the nice things going for it.. the reason why this company had more holding for inside was because of planned merger and then moving to larger partner firm. damn..the ask is not bottoming for me to double up..and today is the last day we will see this price.. patience truly pays.. GLTA..
the best thing i realised being in this business is while the small players play the hype.. the big players choose which stock becomes the next hype..
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what is the 52w low and high from this and what do you guys expect that comes out in the next weeks because i am not familiar with this stock at all
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Stoc what we know is that they are wanting to move to the OTC - they could not set dates because of the company merger looking to take place. They had to wait for this before moving ahead. They are also looking to pay a dividend to kill the shorts that were in on their stock. I expect the move to be announced next since they are all one company now.
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stockguru.. sulja it seems is a company with fair amount of reputation in construction management and timber business.. i think this is an NDOL waiting to happen.. especially after that 600M contract.
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Over 7 million shares traded with a stock that is suppose to have a fairly low O/S and a great PR...it doesn't move?...IMHO...Share structure isn't what we think...I don't have the L2's for this one so I am not able to see if the MM's are manipulating or not...
We shall see what happens next week...but I am not too sure...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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well... i guess we wait for another PR on Monday, volume is huge but i beleive MMs are holding it down and hype of NDOL is not giving this sucker much attention either. for all that matters, its going to be all greens from here onwards.. enjoy the ride..sit back and relax....
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Disappointed with this kind of news it should have sparked a push up to at least .03. I think that people are nervous of these mergers. I know I said before, but we just have to be patient and wait. I think that dividend or big contract has to happen to get us up from these levels. Like daytrader said. NDOL is keeping it from moving. I am not complaining as I own some, but it would have been a nice end to see this move up.
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disappointing definitely.. but monday is a better day .. GLTA.. and i will do some DD on float.. and moreover,,,there werent that many buys either, divident play, mergers, etc are scaring the heck out of people, because of what JPHC, IDWD and everything else has done to them... so lets just see how it all fans out... GLTA..
news that would be good for this stock:
PR confirming moving to OTC PR confirming some form of divident structure
posted
Geez....the long awaited news finally comes and we end in the red?? I know that patience is a virtue, but I was very patient waiting for this news to come and I'm quite disappointed. Thought it would've at least broke the .03 barrier. I'm still in this for the long haul and hope this news will bring good things for next week. Still think this is gonna fly when all is said and done, just not very happy with todays outcome.
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Slow day today. E30tech, send me that link! I need some inspiration! LOL
I am worried that too many pr's with no spike will lead to a lot of impatience and a sell off. I think they have been truthful though about the share structure and the lack of float or we would have seen more of a sell off by now. Just my opinion though.
-------------------- I just want to make enough money to be eccentric.
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