quote:Originally posted by stocktrader22: Is there any significance to what I asked above?
The significance is that the buying pressure kept people buying at .068. Even though the market markers were attempting to intice people to either buy or sell in between.. The strength means that interest in the stock should be strong in the AM and the price should GAP UP at market Open.
WINDSOR, ON, Jul 12, 2006 (MARKET WIRE via COMTEX) -- LoftWerks/Sulja (PINKSHEETS: LFWK) increased its common shares to 800 million shares. A company spokesperson commented: "The incorrect value listed at the State of Nevada is being corrected to show 800 million Authorized shares for LoftWerks/Sulja."
CEO Steve Sulja states: "The share increase is for reverse mergers only and will be restricted when issued. The company management is very excited about the upcoming public releases. Our shareholders will be very happy."
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Right, but there will be no Reverse Merger from my understanding. So the extra 200m are restricted. Also, they are trying to get the PPS up, so I will also think no dilution. Looks good.
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Unless this has changed since March, we have ZERO tradeable float people!!
MORE DETAILS....LFWK Clarifies Information on Previous Press Release Friday March 10, 11:53 am ET
SHORT SQUEEZE>>>>>>>>>>>>>>>>>>C apture Capital
NASHVILLE, TN--(MARKET WIRE)--Mar 10, 2006 -- LoftWerks, Inc. (Other OTC:LFWK.PK - News) today announced information to clarify yesterday's press release; particularly information regarding shareholder distributions that were enumerated on the second half of the previous announcement. That portion of the announcement should read as follows: 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).
Additional Information: 60 Million of the free trading float can be accounted for by LFWK management as issued to non-insiders. Insiders held more than 22 Million shares of the free trading float,leaving the public float as a negative number to date .
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.
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This HAS NOT and IS NOT your average pinkie play. In fact what started out as a small snowball rolling down the hill has grown into a massive bolder that is about to trigger an avalanche. Since SO MUCH has happened over the past few months, I believe that even some who have been in this play for months do not actually grasp what the heck it’s all leading up to. In short, this is the classic big fish eats little fish, that’s eaten by a bigger fish, that is eaten by one mother of a big whale. So for the newbie’s and some of us old timers, here is what has taken place up until now (In My Opinion) and where I see us heading.
1) Dennis Ammerman, original CEO of Loftwerks is challenged by a situation that has and continues to control the PPS of his company as well as most other pinkie’s as a result of Market Makers heavily shorting the stock to absolutely ridiculous levels. 2) He has a vision of expanding the company and realizes to reach his goals he needs to partner with another company with deeper pockets and at the same time somehow bring the PPS of LFWK’s back up to a level that accurately reflects it’s true worth. 3) Enter Kore Management which brings Ammerman up to speed on how the stock market really works in pinkie land. A study is done and low and behold, there are more shares being traded on the open market than authorized. In fact ALL shares being traded are phantom shares. This means that the Market Makers MUST buy back every share that you and I own, sooner or later to cover their naked shorts. The amount they pay is / will be determined by us, the phantom share holders. So, several plans of attack are proposed including issuing dividends to force a short squeeze which would force the PPS back up to more realistic levels. But wait, before any plans are put into motion new developments present themselves. 4) Consultech / Sulja Brothers see an opportunity to merge with Loftwerks to become a public trading company through the back door, rather than the more expensive Initial Public Offering. However, with three entities involved, it is not a simple merger. Another factor is Consultech, which is the bigger fish at this point, doesn’t want to fall pray to the MM’s control as well as the lower image that a pinkie portrays to the Wall Street big boys. They want to merge. They want to go public, but they insist on going to higher exchange as soon as possible. 5) It’s decided that in the best interest of the three companies and all stockholders, they are going to set out a game plan to force a short squeeze, announce financials and move to a higher exchange all at the same time, but just as they are about to let the cat out of the bag, a bigger fish wants a piece of the action. 6) Red Sea Group, a multi million dollar corp. (the new biggest fish) sees the opportunity to team up with the new Loftworks / Sulja Bros. / Consultech and also become a public traded company through the back door. With their combined assets, bookings and income, they should EASILY qualify for NASDAQ status. 7) The icing on the cake is reading in today’s PR that now Red Sea Groups parent company Wessel International (the mother of a whale fish) is now involved.
Key things to you need to ask yourselves are:
When does a Multi and I mean Multi Million Dollar Corporation such as Red Sea Group, whose activities include the development and management of hotel, residential, retail and medical facilities, take on Investor Relations for a penny stock? Under normal business practices, wouldn’t they be competitors?
When does a publicly traded company such as the new LFWK, consult with their Investor Relations firm in deciding if they would or would not do a reverse split.
Why did LFWK increase there Authorized shares for reverse mergers if they weren’t intending to do just that.
And finally, why would Wessel International, the parent company of Red Sea Group become involved in a six cent pinkie stock?
Obviously, this is way BIGGER than any of us thought! Forget about liftoff, I believe we are on our way to deep space at a warp speed that no Penny Stock has ever gone before!!! Can you say CHING !!!!!!!!
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I still wonder than, who is behind that Short interest list. Suppose we have a zero tradeble float. Today and yesterday we traded over 70M hmm?? negative float shares. According the short interest list there are only 55 shares Naked shorted. We got It???
So, who is here the donkey poopy Fool, to believe this?
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Per LFWK's, all shares are accounted for and there is actually a negative traded float. Now, imagine a float that shrinks each day as the MM's buy to cover their naked shorts. With each new day of trading volume, the float actaully shrinks and the PPS rises. As more PR's are released and demand rises, share count drops and MM's have to pay the ransom. Then one day, bam, the bomb goes off and we are at $1-$4+. Can it happen? Well, only this year the PPS was .002, now it's .068 You figure out the percentages. I beleive you will find your answer!!! IMHO
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Like I said, I do so much DD, I generally don't loose. I am in WWEN and LFWK. They obviously have something up there sleeve if they are planning a NASDAQ move, and no R/S. I sold at .03 thinking it would make the same move over, and over again. But no, not this time. I had to re-buy at .058 and I thought I was paying a little to high. After I read the 28 billion, and there going to get a slice, this is actually shaping up to be a NASDAQ company. Couple that with all of the other projects; I think we may have a winner on our hands.
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My only concern is the $4 requirement for the move. That would value it around 800 million. I guess they really have something huge to call off the R/S. I will stick this one out, as I think the CEO is more transparent than most. He looks to value shareholders. That is Very important in my decision making synopsis. Well good luck tomorrow, as its Corona time for me.
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man..it would /will be sooo sweet when this baby boy hits $4.+...but i think its not a matter of if..but when...my measly 35k shares even at $4.+ will allow me to quit my job, and focus on school..and learn more abt trading.!
-------------------- Dont take my advice, due your own DD
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LOL to go from a .06 to $4.00 this stock will probably need at least another year. Although why would they release a PR cancelling a reverse split and say they can go on nasdaq. I've never seen a stock in a few weeks or a month time move from low pennies to nasdaq listing
-------------------- Disclaimer: Not accountable for anything I say
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Maybe it's very simple. Suppose there is a real negative float. At 0.30, IMO the short-trigger will lauch itself at a max. MM's are than in serious trouble and will start to cover. Covering isn't possible because of the negative float. Now the company and Insiders can release shares at any price for the MM's to cover. Maybe 4$ is a deal. So, Market Makers pay The LFWK/SULJA Show to the Nasdaq.
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READ >>> The stock holdings of LFWK insiders currently exceed the number of outstanding shares that the company has issued to date. CEO Dennis Ammerman reiterates, "We must work to squeeze these people out of the way. We will work harder and smarter to put this behind us permanently, and get on with the business of growing businesses and not mounds of stock certificates.
"We are not sure how LFWK stock trades tens of millions of shares each day when our own insiders own millions of shares more than the outstanding shares issued; however, our focus must remain that of commercial viability and not equity market predilections if we are to truly benefit our shareholders and complete the merger with Sulja Bros. Building Supplies, LTD., the primary distribution arm of Consultech Construction Management, Inc. Midwest operations, as planned," said Ammerman.
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Can anyone summarize LFWK and what its about (strong points, etc)? I havent really followed this much if at all so i dont know anything about it, but I saw todays gain and the buzz floating around the boards about it.
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quote:Originally posted by Time2drum: 6) Red Sea Group, a multi million dollar corp. (the new biggest fish) sees the opportunity to team up with the new Loftworks / Sulja Bros. / Consultech and also become a public traded company through the back door. With their combined assets, bookings and income, they should EASILY qualify for NASDAQ status.
When does a Multi and I mean Multi Million Dollar Corporation such as Red Sea Group, whose activities include the development and management of hotel, residential, retail and medical facilities, take on Investor Relations for a penny stock? Under normal business practices, wouldn’t they be competitors?
The above is the reason we are seeing 100% in 2 days
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quote:Originally posted by Igor R: Can anyone summarize LFWK and what its about (strong points, etc)? I havent really followed this much if at all so i dont know anything about it, but I saw todays gain and the buzz floating around the boards about it.
Here's some good info
DD NEWBIES...Real assets,and alot of REALESTATE....DD on Sulja/LFWK and UMBRELLA COMPANIES..listed at bottom of page
Here's a little bit of info about the development boom in UAE:
and choosing the "Shams Abu Dhabi" video image (aka "The Stepford Community Promotional Video"). ---------------------------------------------------------- LFWK/sulja involvement in UAE with Vista and Consultech Construction Mgnt
Completed and Ongoing Projects: The following is a partial listing of projects begun or completed by the LoftWerks team:
• Landsberg Lofts North. Detroit, Michigan. 8 units. Purchased for 460K. Appraised value prior to construction 750K. Construction costs 650K. Estimated value after construction 2.1M.
• Ambrose Lofts. Nashville, Tennessee. Joint Venture. 20 unit loft conversion. Total sale price $4.7M. Ground floor retail (occupied). 40% of project to LoftWerks.
• Doctor’s Building. Nashville, Tennessee. Approx. 50 units. Total sale price $15M. Ground floor office/retail (occupied).
• Mid-rise condominium project. Detroit, Michigan. New construction. Approx. 50 units. Total sale price $40M. ---------------------------------------------------------------- AMBROSE PROJECT 1 & 2 ..... The loan was 20mm from CCM and they made 50mm on it!!!! The combined value of its 2 Nashville projects and others slated is estimated at $50 million when lease options, revenue sharing, and the available and pursued tax credit benefits are considered. ---------------------------------------------------------------- Carlton hotel $170 - $220 sq ft. / 48 units / 50% reserved http://www.detroiturbanliving.com/listingview.php?listingID=56 http://detroitmidtown.com/05/midtown.php?offset=0&type=L&lid=2
>>>>>>>>>>>>>>>>>>>> >>>>>>>>>>>>>>>>>>>> >>>>>>>>>>>>>>>>>>>> > LFWK Parent Companies Both MULTI-Billion dollar realestate and holding construction companies...Private all 3
Vista Group/Consultech Construction Mgnt/RED SEA GROUP!!!!
VISTA GROUP......There huge in UAE..(billions imo) they have many site's here's one
posted
Posted by: chiphldr Date:7/26/2006 8:45:15 PM Post #of 20573
It's known were tied in w/Emaar through Vista Group and Petar V....Now I also heard the Wessal International is in Saudi Arabia....Which wasn't mentioned in the PR so w/ that being said it's safe to say they aren't looking for the small fish and would probably rather not have 1000 phone calls a day from investors looking to buy couple thousand dollars of their stk DO TO THE FACT the REAL MONEY will arrive and these guys have PLENTY OF TIME to DEVELOPE a huge company and grow it to dollars and have it trade NASDAQ and probably be a 10-20-30 stk couple yrs down the road...
Take in FACTOR that our parent companies are worth billions too.....Vista/CCM/Red Sea/Wessal Intl
Funny how emaar has some high profile investors from Saudi Arabia.....
Emaar the Economic City (EEC), a consortium headed by global real estate major Emaar Properties PJSC and a number of high profile investors from Saudi Arabia, has made rapid progress on ground and site work for its flagship development in Saudi Arabia, the King Abdullah Economic City (KAEC).
NEW OFFICE in Bahrain...SULJA BROS will be making a FORTUNE imo here.....Client base is already HUGE through our parent companies and alot more business to come!!!
posted
GOOD GUESS on Symbol/Cusip update...Change Posted by: chiphldr In reply to: molson_ice1 who wrote msg# 19395 Date:7/24/2006 6:59:58 PM Post #of 20538
Nope that imo is being processed as we speak...Which if correct we'll see it this week....It looks as though the articles of incorporation had to be motified and weren't until late last week telling me that if the state of Nevada got it on thurs/fri(the correction).....than the nasdaq got it as well..Now they aren't as fast as Nevada cause that's just a phone call but the nasdaq should be running just 4-5 days following the receipt so middle to end of week all should bw said and DONE...
PS: Let's stick with soon so I'm not held to anything...But the BEST guess right now is a week from last friday and BOOM BANG.......
-------------------- The difference between genius and stupidity is that genius has its limits
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WATCH MY DD....These guys THROW money around like it's nothing....Say BYE BYE to LFWK in coming weeks/months cause it going to trade dollars not cents imo...
Groundwork advancing at King Abdullah Economic City Riyadh, Saudi Arabia, July 25, 2006: Emaar the Economic City (EEC), a consortium headed by global real estate major Emaar Properties PJSC and a number of high profile investors from Saudi Arabia, has made rapid progress on ground and site work for its flagship development in Saudi Arabia, the King Abdullah Economic City (KAEC).
The single largest private sector initiative in the Kingdom, KAEC is a SR100 billion (US$26.6 billion) project off the Red Sea Coast covering a Greenfield site of 55 million sq m. Saudi Arabian General Investment Authority (SAGIA), the body responsible for inward investments to the Kingdom, is the prime facilitator of KAEC.
EEC’s initial public offering of 255 million shares – 30 per cent of its total equity – to raise SR2.55 billion (US$679.9 million) is currently open for subscription and will run through August 2, 2006. Approved by the Capital Market Authority (CMA) of Saudi Arabia, the IPO is fully underwritten and open only for Saudi nationals. The subscription is for a minimum of 50 shares and a maximum of 25,000 shares of SR 10 each.
“KAEC is more than a property development – it will usher in a new era in the economic growth of Saudi Arabia through its six well-rounded components that integrate commercial, retail, residential and leisure amenities,” said EEC Chairman Mr Mohamed Ali Alabbar. “Apart from building a whole new city and laying out the entire infrastructure support, the direct contribution of KAEC to the economy is its employment potential of 500,000 jobs.”
Groundwork on KAEC, unveiled late-2005, is going full steam ahead. The structural steel work for the presentation center has been executed and installation of precast walls will be completed in a fortnight. Work is also underway on the project’s first boulevard - a 15 km long stretch that features over 3,000 palm trees.
“Excavation work for the first city canal to run through the Red Sea Village, a component of KAEC, has started. Geotechnical investigations are being conducted for dwelling units, and designs for one of the main entry gates, the first Corniche Park and marina have been completed. There are over 500 workers on-site now, and the number will exceed 1,000 soon,” said Mr Nidal Jamjoom, Chief Executive Officer, EEC.
During the first three years, construction will be focused on four major areas: the Port; Industrial areas; the Resort District comprising two major beachfront hotels, the first golf course and associated villas; and several apartments and office buildings in the Town Center.
Approved by the Ministry of Commerce & Industry vide Ministerial Resolution No. 609 dated May 13, 2006, for its incorporation, EEC aims to become “the largest property development company in the Kingdom and an investor in a diversified portfolio of high quality real estate assets,” said Mr Jamjoom.
King Abdullah Economic City will undertake mixed-use developments in its six components: a modern world-class seaport, industrial district, financial island, educational and healthcare zone, resorts and the residential area. The overall project will be completed in stages, with the first batch of commercial houses and residents expected to take possession within 30 to 36 months.
KAEC will integrate into the Kingdom’s on-going drive to expand the economy, create employment opportunities for its youngsters, catalyze foreign investment inflow and global trade, and boost commerce and industry
Emaar the Economic City IPO oversubscribed in three days; SR3.5 billion collected in four days Riyadh, Saudi Arabia, July 26, 2006: The ten-day initial public offering (IPO) of Emaar the Economic City (EEC), which opened on July 22, 2006, has been over-subscribed in just three days. EEC is a consortium headed by Emaar Properties PJSC and a number of high profile investors from Saudi Arabia.
As at the end of the fourth day of subscription, 1,216,004 applications were received from 4,570,080 subscribers, with the amount subscribed already at SR3,534,644,500.
“We thank the Saudi investors for their confidence in Emaar the Economic City,” said Mr Mohamed Ali Alabbar, Chairman, EEC. “Their overwhelming response to the IPO is an indication of their trust in the King Abdullah Economic City (KAEC) project. The SR100 billion project will usher in a new era of economic prosperity to the Kingdom.”
“We thank the Capital Market Authority (CMA) of Saudi Arabia and the Saudi investors for reposing their confidence in us,” said Mr Nidal Jamjoom, Chief Executive Officer, EEC. “The huge turnout to the IPO highlights investor interest in KAEC, which will work in tandem with the Kingdom’s on-going drive to expand the economy, create employment opportunities for its youthful population and function as a catalyst to attract foreign investment, global trade, commerce and industry.”
Mr Ioannis Karapatakis, the HSBC Managing Director, Global Investment Banking Advisory, added: “The EEC IPO is the first greenfield IPO fully underwritten in Saudi Arabia. The overwhelming response to the IPO is a cause for celebration for the entire market, and proves that companies with sound fundamentals will continue to enjoy the confidence of investor.”
The IPO facilitates financing of the KAEC, to be built on a pristine location off the Red Sea in the north of Jeddah. The single largest private sector initiative in the Kingdom, KAEC covers a Greenfield site of 55 million sq m. Saudi Arabian General Investment Authority (SAGIA), the body responsible for inward investments to the Kingdom, is the prime facilitator of KAEC.
EEC is offering 30 per cent of its equity – 255 million shares – at a nominal face value of SR10 to raise a total of SR2.55 billion. IPO shares have a minimum subscription level of 50 shares and a maximum subscription level of 25,000 shares of SR10 each. The IPO will close on August 2, 2006.
EEC appointed 11 receiving banks to ensure that investors have access to a large number of bank branches across the Kingdom to subscribe to the IPO. SABB is the lead underwriter, and Riyad Bank and National Commercial Bank are sub-underwriters. HSBC are exclusive financial advisors on the IPO and SABB is the lead manager. KPMG Al Fozan & Bannaga are the registered auditors and reporting accountants while Baker & McKenzie are the legal advisors.
Based on initial forecasts, KAEC and its several components have the potential to create up to 500,000 employment opportunities in the various industries and service-oriented companies that will open in the City.
King Abdullah Economic City will undertake mixed-use developments in its six components: a modern world-class seaport, industrial district, financial island, educational and healthcare zone, resorts and the residential area. Groundwork on KAEC is going full steam ahead. The structural steel work for the presentation center has been executed and installation of precast walls will be completed in a fortnight.
-------------------- The difference between genius and stupidity is that genius has its limits
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