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Can't figure this one out for the life of me. Nothing but possitive news and red days. What gives here? Volume is staying the same, so the news, which in my opinion is very possitive, isn't drawing any attention.
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7 of 9 is a paim pumper and a lfwk basher.... what are u still doing here if u had nothing to do with the stock then what are u doing trying to convince people you dont even know to get their money out of lfwk. let us go on and u can lose money in PAIM you idiot
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LFWK - Sulja Brothers Announce Agreement With Consultech for Building Materials in Middle East
WINDSOR, ONTARIO, May 01, 2006 (MARKET WIRE via COMTEX) -- 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.
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7of9 is the biggest basher on this whole site. Just simply ignore what he says. Im not in this stock but was just browsing around. Actually when you see 7of9 bash you should buy more...The PPS will typically move higher. Seriouly!
-------------------- Hurry up and wait.
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what's the deal with this stock, as I don't get it, after all these prs, this should be well over a buck. i wanted to buy into this back when it was 0.007 but my order didn't fill in at 0.0068, few days later exploded. not listed on pink sheets anymore nor otc.
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Bikerider, this stock is really testing our patience. It's not a matter of IF, but WHEN it will RUN. Every PR is a kind of vulcano, and MM's try to hold it down, but you know what a vulcano can do while it's loading.
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10of13, I read the pr from the 28th that they were going to file form 15c211. From what I understand that form is for notifying the SEC that they are no longer a reporting company. If someone has more info on that please share with the board. TMAN...
-------------------- In the end, trust only yourself when trading stocks.
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posted by "a charting god" on another board:
What is Rule 15c211 and Reverse Merger.
Joseph Quinones Submitted Saturday, July 30, 2005 Submitted by: Joseph Quinones Genesis Corporate Advisors
15c211 Was designed to allow fully reporting public companies to have their securities quoted on the Over-The-Counter Bulletin Board (“OTCBB") by filing some simple disclosure.
Rule 15C211 Under SEC Rule 15C211, a U.S. securities broker or dealer may not publish a quotation for any security unless certain information concerning the issuer is available and the broker or dealer has a reasonable basis for believing that the information is accurate. The information requirement is satisfied, in simple terms, if:
1) a Securities Act registration statement (F-6, F-1) has been filed within the last 90 days,
2) the issuer is complying with filing requirements and has in its records the issuer's most recent annual report,
3) the issuer is complying with Rule 12g3-2(b),
4) the broker or dealer has on record information relating to the issuer, its securities, its business, products and facilities. Management information, financial statements of the issuer and certain other data must also be on record.
Form 15C211, also known as Form 211, refers to the specific filing form a broker/dealer must provide containing the information necessary to publish a quotation on the company. For more information visit: www.genesiscorporateadvisors .com
Reverse merger: A reverse merger is a method by many of our small and mid-cap companies to initially go public, is the purchase of, and reverse merger into, an existing public shell company. This is inexpensive compared with conventional Initial public offerings (IPO). this is also a simplified fast track method by which a private company can become a public company.
In a reverse merger, an operating Private company merges with a public company that has little or no assets, nor known liabilities (the "shell"). In some rare instances, the shell may have some amount of cash remaining for investment into the new enterprise. The public corporation is called a "shell" since all that exists of the original company is its corporate shell structure and shareholders. The private company owners obtain the majority of the shell corporation's stock (usually 90-95%) through a new issue of stock for the private enterprise or asset.
The public corporation will normally change its name to the private company's name and elect a new Board of Directors which will appoint the officers. The public corporation will usually have a base of shareholders sufficient to meet the 300 shareholder requirement for eventual admission to quotation on the NASDAQ Small Cap Market or American Stock Exchange (if the private company's financial condition substantiates other NASDAQ or AMEX requirements), although some shells have as few as 35-50 shareholders, and are currently listed (or can apply for listing) on the OTC Bulletin Board or the NQB Pink Sheets.
Joseph Quinones is President and founder of Genesis Corporate Advisors, prior to that he was President and founder of JDQ financial Group, Inc. a full service broker dealer which Mr. Quinones proceeded to build up from a one man operation to the point where it employed many traders, and advised numerous clients while generating millions in revenues...
Member Rated: posted May 02, 2006 09:02 AM --------------------------------------------------------------------------------
quote: -------------------------------------------------------------------------------- Originally posted by imakmony2005: YA me and hoss rode the small bus to school.lol --------------------------------------------------------------------------------
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Got out yesterday at a loss. Just way too much great news and yet the volume doesn't change and it keeps going down. Something not right with this one.JMO.... GLTA
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It is going to take solid news to break this one out. We keep hearing promises of revenue but nothing solid as of yet. When the give an earnings report this will fly.
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IMO next week either going up or down...this stock is ready for a spike....something going on, not sure yet if good or bad, but sonmething definitely up.....i only have 70,000 shares left, made alot day trading this, but have held now 3 weeks in a stall pattern
I am watching this VERY closely, i believe a big move is coming very soon
N--(MARKET WIRE)--May 5, 2006 -- LoftWerks Inc. (Other OTC:LFWK.PK - News) announces its first exchange move milestone has been achieved. On May 4th, 2006, the merged company of LoftWerks Inc. and Sulja Brothers Building Supplies completed audited financials. The audits were conducted by a premier international accounting firm. The financials were submitted to the Company Directors and Gottbetter & Partners, LLP on the same day.
ADVERTISEMENT click here CEO Steve Sulja commented: "The completion of the audited financials solidifies the recent merger. We are now integrated and moving forward with our merger plans. With any merger, obstacles and delays occur as we familiarize ourselves with each other's operations. I am pleased that we are past that merger phase and working towards our new aligned corporate goals. There are many exciting developments for out shareholders in the near future."
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