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LoftWerks, Inc. Fires Back: Vows Aggressive Strides to Complete Sulja Merger and Achieve Shareholder Confidence Monday March 6, 10:00 am ET
NASHVILLE, TN--(MARKET WIRE)--Mar 6, 2006 -- LoftWerk's (Other OTC:LFWK.PK - News) CEO Dennis Ammerman reiterated today that anyone planning to flout LFWK stock in a shorting position would do so while bearing the full brunt of every available resource aimed to render them mute. "The small exchanges are plagued by this ludicrous and even perilous frenzy of negative influence," said Ammerman. "They've made a mistake this time; one that will cost them a great deal, and open the door to companies that rely solely on public market funding to reclaim their rightful roles of benefactor and driving force of true and accountable shareholder value." 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.
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 and now averages over $30M annually. The company also currently has assets totaling more than $25M. It is projected that once Sulja Bros. settles into its new role, revenues could reach the $200M+ within twenty-four months. The increased inventory alone could place the company's assets at over $125M.
-------------------- Keep your technical systems simple. Complicated systems breed confusion; simplicity breeds elegance. Posts: 1679 | Registered: Oct 2003
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LoftWerks, Inc. Explains Definition of "Short Seller Captured Capital" Tuesday March 7, 3:01 pm ET
NASHVILLE, TN--(MARKET WIRE)--Mar 7, 2006 -- CEO Dennis Ammerman reiterated today that anyone planning to flout LFWK stock in a "shorting position" would do so while bearing the full brunt of every available avenue aimed at rendering them mute. "The small exchanges are plagued by this ludicrous and even perilous frenzy of negative influence," said Ammerman. "They've made a mistake this time, one that will cost them a great deal, and open the door to companies that rely solely on public market funding to reclaim their rightful roles of benefactor and driving force of true and accountable shareholder value." LoftWerks' (Other OTC:LFWK.PK - News) share structure is: 500 million shares Authorized.
200 million of these shares are held in treasury for mergers and Dennis Ammerman owns 100 million shares that are Restricted.
The share structure will be posted at www.loftwerks.com by March 14, 2006. The Pink Sheets website will be updated by Tuesday March 14th, 2006.
CEO Dennis Ammerman stated, "Insiders decided to buy more shares than are legally available. There is no stock definition for this type of buying; therefore, we created our own definition. We call it 'Short Seller Captured Capital.'" Insiders have expressed interest in selling blocks of shares back to the company at a later date. The shares can be introduced into the market. After Loftwerks' plans are executed, the short sellers can complete their buy-in at a much higher price. Short Seller Captured Capital will prevent dilution of the current shareholders' value while protecting those shareholders from naked short-selling.
Shares issued through the current open Rule 504 filing for merger expenses are issued at the closing ask price on the day of issuance.
LoftWerks is on schedule to complete the merger with Sulja Bros. Building Supplies, Ltd. Sulja is the primary distribution arm of Consultech's Midwest operations. 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.
Shortly after the merger with Consultech's Sulja Bros. Building Supplies, Ltd., Loftwerks will complete the merger with Consultech Construction Management, Inc.'s Midwest office. That office is currently in negotiations with Federal, State, and Local officials to procure storm relief work outside Biloxi, Mississippi more details will be released at a later date.
-------------------- Keep your technical systems simple. Complicated systems breed confusion; simplicity breeds elegance. Posts: 1679 | Registered: Oct 2003
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And ..... insiders know more than we do. And ..... today another 41 %. Think LFWK is gonna be like a Fl6. It fly's around you, and nobody seeing it,.... going north.
Posts: 425 | From: NL | Registered: Jun 2005
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(PRWEB) March 8, 2006 -- It’s not uncommon to read about small publicly traded companies complaining about the evils of naked short selling and the negative impact that it has on their price of their stock. It is however, quite uncommon for companies to actually take action and do something about it. The difficult, sometimes daunting task of taking on the issue of naked shorting is usually costly and time consuming, taking valuable resources away from the company’s operations. Some of the most prominent anti-naked short selling proponents include Overstock.com (OSTK), Great West Gold (GWGO), Global Links Communications (GLKC), and CMKM Diamonds which has ceased trading since October of 2005.
One of the newest companies to take on naked short selling is Loftwerks Inc (LFWK). While many of the fore-mentioned companies diverted resources towards fighting naked short positions in their companies, Loftwerks has tackled the problem by diverting more money back into the company, and buying back shares. In fact, in recent news releases Loftwerks has announced that insiders of their company hold more shares of their company’s stock, than have actually been issued. CEO Dennis Ammerman stated, "Insiders decided to buy more shares than are legally available. There is no stock definition for this type of buying; therefore, we created our own definition. We call it 'Short Seller Captured Capital.’” Essentially what this means to Loftwerks shareholders is that insiders own the entire outstanding share count, and then some.
The last time a scenario such as this was revealed, was with Global Links Communications. Robert Simpson, CEO of Global Zann Corp. at one point had in his possession the entire issued and outstanding stock of GLKC, and filed the ownership with the SEC as required. Despite owning all the stock of Global Links, the stock continued to trade millions of shares per day. As investors caught wind, shares of Global Links quickly gained more than 1000% moving from under .01 to over .14 in a matter of weeks.
CMKM Diamonds continues to press on in its fight against naked short selling, now in its 5th month of its historic certificate withdrawal from the DTCC. Since the call to request physical delivery of shares in November, the task force set up to account for the shares has tallied over 400 billion of the 703 billion issued. The latest deadline to show ownership is March 15th, which leaves many investors worried that a naked short position in the company will not be proven. Widespread reports indicate that many shareholders that have requested their certificates are having trouble actually getting them from their brokers. Other shareholders are completely unaware of the certificate pull altogether, since the main method of communication for the process is through message boards and the internet. Undisclosed at this point is the level of ownership of CEO Urban Casavant, and family, as well as the numerous business partners the company was involved with.
LFWK LOFTWERKS INC Trade Research Add to Watch List Detailed Quote Option Chain Last [Tick] 0.0270[ + ] Change 0.0090 % Change 50.00% Bid 0.00 Bid Size 0 Ask 0.00 Ask Size 0 Open 0.0189 Volume 9,756,190 Day High 0.0300 Day Low 0.0184 Previous Close 0.0180 Prev. Close Date 03/07/2006
-------------------- op Posts: 155 | From: Boston MA USA | Registered: May 2004
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posted
This is why I posted on this last week. One of the replies stated that the 'run' was pretty much over. This has ben closing in the green 90% of the time. In just 2 weeks (or about that), this has gone up over 100% (not including today's outcome).
I agree on the .10-.12 range
Posts: 337 | From: NJ | Registered: Mar 2006
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quote:Originally posted by bobcat88: up almost 1000% in 2 weeks, cant beat that with a $500 investment.
I guess I forgot a zero
I almost bought another $hitload, but I was afraid of bad timing. What is it about hindsight again?
Posts: 337 | From: NJ | Registered: Mar 2006
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quote:Originally posted by $WiseOldMan$: nice guys, thinking about getting in. anyone know where i can research the comp. a lil better? cant seem 2 find very much on it... GL!
-------------------- "Those who would give up Essential Liberty to purchase a little Temporary Safety, deserve neither Liberty nor Safety."
- Benjamin Franklin Posts: 3898 | Registered: Dec 2005
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