quote:Originally posted by MB: LoftWerks Announcement: Merger With Consultech (Sulja Bros.) Continues and Shareholder Distribution Disclosures as Requested by Pending LFWK Ownership Mar 9, 2006 1:15:00 PM NASHVILLE, TN -- (MARKET WIRE) -- 03/09/06 -- LoftWerks, Inc. (OTC: LFWK) today announced that its merger with Consultech Construction Management, Inc. and particularly, its subsidiary, Sulja Bros. Building Supplies, LTD., the primary distribution arm of Consultech's midwest operations, has set an initial timeline of 30 days to completion. The move solidifies the certainty of Consultech's imminent migration into the LFWK public vehicle. Sulja Brothers will serve as the centralized and primary distributor of materials for all future projects. A twenty-four year old business, Sulja Bros. has achieved steadily increasing revenues since its inception that now average over $30M annually. The company currently has assets totaling more than $25M. It is projected that once Sulja Bros. settles into its new role, revenues could top out at the $200M+ within twenty-four months. The increased inventory alone could place the company's assets at over $125M.
Also, LFWK disclosed its share distribution; a request by Consultech aimed at providing shareholders as complete a disclosure as possible prior to finalizing the LFWK vehicle takeover. The shareholder ownership as described is as follows:
-- 500,000,000 authorized -- 100,000,000 control block held by Ammerman -- 200,000,000 in Treasury earmarked for Consultech ownership during and after takeover -- 50,000,000 in certificate form, owned by enumerated insiders and NOT TRADING. -- An additional 78,000,000 owned in various certificate and electronic form that is also held by LFWK insiders and accounted for as not currently trading. -- Leaving approximately 72,000,000 free-trading shares in the public float (50M of which can be accounted for by LFWK management as issued to non-insiders). A spokesperson for Consultech Construction Management concurred with this tabulation and stated that it was an accurate and reasonable reflection of LFWK current share structure.
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 real
That was released March 9th... and this is what Pink sheets has now...
LFWK -- Loftwerks, Inc. Com ($0.001)
Search for Dun & Bradstreet reports on this company.
State of Incorporation: NV Year of Incorporation 1989
Officers: Dennis Ammerman, Pres., Sec't., & Dir.; Andrew DeVries, III, Dir.
Fiscal Year End: December 31
Outstanding Shares: 199,480,500 as of 2006-01-31
Estimated Market Cap: 4.388M as of 2006-04-26 (based on Outstanding Shares as of 2006-01-31) Authorized Shares: 500,000,000 as of 2006-01-20 Float: 199,480,500 as of 2006-01-31
Current Capital Change:
Dividends:
Company Notes: Note=2-14-06 company is in the development stage
Transfer Agent: Transfer Online, Portland, OR 97204
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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posted
ty 10of13, i can sit on it all along tilll this sucker gets onto OTC filing and declare the real float, because looks like its chanegd substantially. well, while waiting, i would be celebrating this awaited merger deal. GLTA.. btw good news for lfwk/sulja??
Shares of Canadian timber exporters on Friday bounced on news the US would refund billions of dollars in anti-dumping and countervailing duties paid by the companies over the past four years.
The repayments are part of a deal between Washington and Ottawa to end a protracted dispute over Canadian exports of softwood lumber, used mainly for housing.
Posts: 270 | Registered: Apr 2006
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posted
Daytrader1...yes good news...and I am hoping that it goes up...I flipped earlier this week...took my original capital out and am riding with the free shares...so...I will wait with ya...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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posted
would this be a good entry point to get in this stock? what is the expectation here?
Posts: 1065 | From: switzerland | Registered: Mar 2005
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i think i'm going to buy more monday, in at .021 now with 70,000 shares, wnat to get back to at least 100,000 cause IMO this is ready to move very shortly upward and when it goes it won't come back
posted
There is a big spread on here I haven't seen the ask below 0.027, so we may be stuck at that price if we want some!
Posts: 252 | Registered: Apr 2006
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Agreed..i tried to get in for more at 0.021..its just not possible.. hope its getting some recognition GLTA..
Posts: 270 | Registered: Apr 2006
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posted
i am curious what this stock will do this week...could be a great week imo
Posts: 1065 | From: switzerland | Registered: Mar 2005
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damn.. more than 3 million shares traded and hardly any movement.. mann the share float numbers that we have got are not the most accurate.. looks liek we are dealing with a float as high as 200M IMO.. however, news is good and plenty of buying going on.. so i'm keeping it cool and fingers crossed.. waiting for that 100% thats going to happen this week:) GLTA
Posts: 270 | Registered: Apr 2006
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posted
LFWK: Sulja Brothers Announce Agreement With Consultech for Building Materials in Middle East LoftWerks,Inc. (OTC: LFWK) today announced that Sulja Brothers Building Materials, Ltd. will be involved in supplying building materials to Consultech Construction Management for a resort development on Al Reem Island in Abu Dhabi, UAE. Sulja will be involved in this project as a result of negotiations conducted in Abu Dhabi by Consultech Director-General Petar Vucicevich. "There is a real need for this relationship because of the lack of primary building materials on the Island, specifically, and in the Middle Eastern region generally," said Vucicevich. "As the parent company of both Consultech and Sulja Brothers, we have the unique ability to bring all the necessary parties together to undertake this project," he concluded.
A company spokesperson stated that the project is expected to generate $130M in revenues over the next two years. "The initial agreement calls for us to provide primary building materials such as lumber and masonry," he explained. "We expect ancillary products to spin off additional revenues that could reach the $300M mark within three years," he said.
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.
posted
7, if you don't want this stock and don't own any, why not get lost? Why are you here? Didn't mommy buy you another video game??? Stop wasting our time.
Posts: 2132 | Registered: Sep 2004
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posted
7 of 9....just trying to add to your fun and not "making" sense type of attitude...
C'mon and stop the pushing of PAIM and the bashin' of other stocks...it was kinda funny for a while...but it's old now...take a new angle... ( I personally don't think that you own PAIM any more...I think that you're smarter than that)
Good luck to you!
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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quote:Originally posted by amswap: 7, if you don't want this stock and don't own any, why not get lost? Why are you here? Didn't mommy buy you another video game??? Stop wasting our time.
why dont you get lost loser. your endless posts have done squat for this POS scam stock.
I for one am sick of you.
Posts: 726 | From: Delta Quadrant, Borg Cube 01 | Registered: Dec 2005
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quote:Originally posted by amswap: 7, if you don't want this stock and don't own any, why not get lost? Why are you here? Didn't mommy buy you another video game??? Stop wasting our time.
why dont you get lost loser. your endless posts have done squat for this POS scam stock.
I for one am sick of you.
You know, If wee all just ignore this twerp he might just go away. This is my last reply about him. I have better things to do than have a battle of wits with an unarmed person. Posts: 147 | From: Houston | Registered: Dec 2005
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quote:Originally posted by amswap: 7, if you don't want this stock and don't own any, why not get lost? Why are you here? Didn't mommy buy you another video game??? Stop wasting our time.
why dont you get lost loser. your endless posts have done squat for this POS scam stock.
I for one am sick of you.
Well you truly do show your complete ignorance here. The only thing I have ever posted on this thread is "Hopefully, when the news hits, it will run." If you consider this endless posts something is terribly wrong with you. But if you really believe PAIM is a good stock, then nothing else needs to be said. You have said what kind of trader you really are. Do you think anyone on here with any simblance of intelligence would invest in PAIM. I know you might have, but I said anyone with any simblance of intelligence, and that certainly would not include you. But you go ahead and respond and make your self look even more ignorant. We all need a good laugh you poor pitiful adolescent.
Posts: 2132 | Registered: Sep 2004
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quote:Originally posted by bugman55: You know, If wee all just ignore this twerp he might just go away. This is my last reply about him. I have better things to do than have a battle of wits with an unarmed person.
Sorry bugman55. You're right. He is obviously in need of help. Anyone who would even consider pumping PAIM has their fair share of problems. I won't answer any more of his posts. He really isn't worth the time.
Posts: 2132 | Registered: Sep 2004
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quote:Originally posted by bugman55: You know, If wee all just ignore this twerp he might just go away. This is my last reply about him. I have better things to do than have a battle of wits with an unarmed person.
Sorry bugman55. You're right. He is obviously in need of help. Anyone who would even consider pumping PAIM has their fair share of problems. I won't answer any more of his posts. He really isn't worth the time.
After 155 scam fluff prs, what good would 1 more do?
Newbies, this is your warning that this thread is the home of retards. (No offense)
Posts: 726 | From: Delta Quadrant, Borg Cube 01 | Registered: Dec 2005
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