posted
"Now, as far as this lumber mill, that is very frustrating as Steve did not only leave the name out but he didn't even give us a state of where it's located."- Wit
Washington is the state where the mill be aquired is located.
IP: Logged |
quote:Originally posted by monkey27: Cassity, that was part of my problem with all of this. The only mention of Wessal International that I can find anywhere is in Sulja Press Releases.
I can't remember where I read it, but I'm pretty sure that Wessal was going public on the Dubai exchange(IPO). If no one finds it, I'll try to tonight after work.
posted
Translated this from Red Sea Housing's web site...
Manufacturing plants : Company Red Sea Housing Services : Saudi Arabia / Jubail - headquarters tel : 3451 361 3 00966 Fax :4490 3 00966 361 pp. b 1531 Jubail 31951 Saudi Arabia to Dubai, Mount tel : 4 00971 883 8589 Fax : 9730 00971 883 p. 4. b 17365 Dubai, United Arab Emirates Ghana tel : 10197 229 00233 fax : 51003 222 00233 Address : Red Sea Housing
IP: Logged |
Facts on the company of the Red Sea : •شركه Red Sea of leading international companies in the manufacture of prefabricated homes integrated in the Middle East. Africa and Asia. •شركه Red Sea is one of the group companies Aldbag more than 20 years. •قامت company of the Red Sea and the implementation of hundreds of projects in 43 different nations around the world. As has three modern administrative offices in the Kingdom of Saudi Arabia / Al Jubail, the Emirates state-Ghana, which covers an area of more than 75 thousand square meters. , which is equipped with the highest technical means to provide solutions to the global integrated prefabricated housing in remote areas. •تتمتع company of the Red Sea and the potential capabilities to serve its customers with high-quality levels and time periods are limited. •تسعي company of the Red Sea to satisfy all customers by offering all services to the highest level in the specifications and quality of universality. •يعمل company to the Red Sea, 1315 968 full-time employees and 347 contractors qualified and trained to the highest levels of technical, engineering, distributed to the three main offices of the company in addition to the special projects company. •فريق operations of the Red Sea, equipped and trained to serve clients. by providing them with the project and provide cost estimates for the project within a very short period of time. •تمتلك company of the Red Sea experienced more than 20 years in the area of prefabricated housing solutions and integrated in 43 countries around the world. including Albania, Algeria, Bahrain, Ghana, Cameroon, Libya, Somalia, Sudan, Kenya, Kuwait, Iran, Jordan, Syria, Yemen and other States. •جميع projects of the Red Sea are guaranteed full years from the date of receipt of the project. •تتميز company of the Red Sea to provide integrated solutions for residential buildings, prefabricated temporary and permanent housing units. hospitals, schools, clinics, hotels, administrative buildings are equipped with all the requirements of operation and services. •تقوم company of the Red Sea to establish all types of buildings, housing units and mobile ready to suit all kinds of climate and weather. •تنجز company of the Red Sea the most difficult tasks in the implementation of giant projects in remote areas (deserts, valleys, forests, coastal zones), and during a short period of time. •تعتبر energy production company Red Sea 335 000 square meters per year •شركه Red Sea from major companies specializing in providing solutions for residential prefabricated integrated and are approved by Saudi Aramco •لدي company of the Red Sea more than 130 clients during the past 20 years
This is information we have already heard about.
This is a link to what appears to be a financial report stamped by an accounting firm.
posted
this stock has nothing proven over the last 2 months and steven has noting but dreams... however. we do have the backing of some very powerful arab conglomorates and i feel that even us canadians may start to invwst in this. ( we are rather conservative)
IP: Logged |
posted
I keep seeing Red Sea Housing being mentioned on these boards. The Press Releases only mentions a Red Sea Group. I can't find a connection between Red Sea Housing and Red Sea Group. In fact, I found Red Sea Housing being a Dabbagh Group Company.
As far as Red Sea Group, there is a Red Sea Group construction company based out of Afghanistan. There is a Red Sea Group in france. There's a Red Sea Group based out of Israel which is an international real estate development company.
posted
I hope so Quigley. I have only done research on the internet so I can't say anything regarding the verification of this info through other means.
-------------------- money, it's a gas
IP: Logged |
posted
I called Price Waterhouse in Canada and asked to confirm their connection with Sulja. I got a hold of a guy and he said he would call me back with what he found out. 1/2 hour later he called me back to ask what reporting agency I was with, so I had to tell him I was just an investor, he said okay and then hung up to keep working on it. then he called back about 15 minutes later and said that they are not allowed to give out client relations. I asked if I could only confirm their dealings with them and he said that they couldn't do that but must read the companies Public releases. My guess is that is seems they accually are doing buisness with Price. maybe I could call them up and ask them if they do buisness with a company that doesn't exist or one I know that they don't deal with and see if they tell me "no" they don't, or if they say they can't give out that info. if they say "no" then it would seem as though they do at least do buisness with Sulja. As stated earlier on this board, and from what I'm putting togather Price Waterhouse is the real deal. Happy Saturday!
-------------------- learnin as I go.
IP: Logged |
posted
alot of good DD here....im going to enjoy my weekend...and go golfing, ill be plaing in a tourny on monday, so I hope to come back and see alot of GREEN...lol....GLTA , God Bless and have a safe and happy weekend.!!!!
-------------------- Dont take my advice, due your own DD
IP: Logged |
quote:Originally posted by monkey27: I keep seeing Red Sea Housing being mentioned on these boards. The Press Releases only mentions a Red Sea Group. I can't find a connection between Red Sea Housing and Red Sea Group. In fact, I found Red Sea Housing being a Dabbagh Group Company.
As far as Red Sea Group, there is a Red Sea Group construction company based out of Afghanistan. There is a Red Sea Group in france. There's a Red Sea Group based out of Israel which is an international real estate development company.
My father can read Aribic and I asked him to check out the site and brief me on the information from the redseahousing.com. He listed a mess of countries that they have offices in. (I think all of the ones mentioned.) He also said they have an impressive history of completed projects as well as those in the works. He is going to look at the site some more next week, if he has time, and I will try and compile some of the information and post it here. In addition, I found a connection between the Red Sea Housing and Red Sea group that led me to believe they where the same entitiy early on. It was a while back and I don't remember where I found it. I can try and find it again but I am pretty busy so not sure when. GLTA
IP: Logged |
"Wessal International, parent company of Red Sea Group which has been handling all investor relations and promotion of LoftWerks/Sulja in the Middle East, has full intention to move forward with a joint venture"
When I have some time I can try and create a diagram attempting to connect the dots. I recommend if you are in doubt that you attempt to do the same. GLTA
IP: Logged |
And I found this interesting link you should all look at for those who have not seen it. Notice that under the Red Sea Group heading they listed the redseahousing.com web site maybe someone can call Urban Real Estate and find out how they came up with that connection...
posted
Great DDing... what a productive Saturday! Feeling better about this thing. Klondike thanks for having your dad read that website and then some Hopin for a green week!
-------------------- learnin as I go.
IP: Logged |
posted
Seemed like a pretty good post from Ihub Still have to study read it over again... Posted by: Fishforbreakfast In reply to: None Date:8/19/2006 7:06:51 AM Post #of 48682
Good morning To All.. I am going to give my thoughts and feelings on what I feel & Think is currently going on with these large block trades.. Again this is my own personal opinion. Others may come to there own conclusions.
Thes large Blokck trades we are currently seeing is Sluja Brothers selling Shares back into the Market in order to make a move to the Nasdaq.. They are going to be required to have a public float.. I am sure one of the Accounting & Auditing firms has told SLJB MGT. Hey guys It's great that you own all the A/S but no way will the SEC & Nasdaq allow you to go on there exchange if you own all the shares.. There has to be a PUBLIC FLOAT.. YOU MUST SELL SHARES.. So in My opinion.. Sulja brothers is quietly as possible selling shares back inot the market so as to create a Public Float.
Now keep this in mind The SEC does not care who owns the Public Float just that there has to be one.. SO out of the 800 million A/S shares we have 300 million restricted.. Another 300 million or so set aside for CCM R/M Acquisition what ever you want to call it. That will leave about 200 million shares. I do not know at this time if there is a legal requirement that a certain percentage of your shares has to be in the float. 15% 30% 40% 50%.. But The SEC in my opinion is saying to Sluja Brothers you must have a public float..
So if Sulja Brothers is indeed selling shares back inot the market using the 25% of daily volume rule.. Who is buying up those shares?? That is a very interesting question..
I have stated before I do not feel it is Wessal buying.. I still feel that way.. There are some Naked Hedge Funds out there..They could be buying if there are smart. I do not feel that Sulja Brothers has made a deal for a Naked Shorted Hedge Fund to buy the shares they are selling.. No Deal in my opinion has been made. Sulja Brothers will need the Naked Hedge Funds, Over Seas accounts that have open short positins to help the PPS obtain a much higher level when they are forced to buy in.
It is possible that Wessal is buying.. I still contend. Wessal has inside info and Sulja Brothers will not want to be acused of front Loading shares to Wessal. And I feel Wessal would not want to be accused of buying ahead on the news they know is coming.
Well if Wessal is not buying and no deal has been made with a hedge Fund to let them off the hook. Then who is buying these shares.. I feel ther are some deep pocketed indivudals who have figured out whats really going on and they are buyng shares. There very well could be a group that is buying large block trades on the bid..
Then you have guys like me who aded 63,200 shares yesterday. Many others have stated publicly there are buying additional shares.. If you take all those buys and start adding them up.. A few million shares a day are being taken off the market buy just the average guys/gals we have on this board..
Here is what we currently know.. The SEC says you have to have a public float.
That means Sujla Brothers in my opinion is selling shares on the market to create the public float.
Now once they (Sulja Brothers) has sold enough shares into the market to make a float. The SEC is now HAPPY.. Now that the SEC is Happy. We should start to see a chain of events put into place to take the PPS to it's correct valuation and Sulja Brothers Feel the correct valuation of the PPS with all they know. Should be enough to get the stock listed on the Nasdaq. $4-$5 PPS
I figure it will take somewhere near 2 weeks give or take a little for Sulja Brothers and the market to absorb the rest of the shares that MUSY BE SOLD.. Trust me Sulja Brothers selling shares is a GOOD THING..
Once the float is established. The following news items will start getting released.. I will list some that I feel will be coming. I am not sure what order they could be coming in. But once the Float is public. Sulja Brothers will get the PPS to the required Levels.
Audited Financials.. This will take away a lot of peoples fears.In my opinion there is a decent amount of money on the side lines waiting for Audited Financials. This will be the start to some serious buying..
Along with the Audited Financials there will be something about share structure.. This will give a decent idea as to how many shares are actually short in the float. Some figure near 200 million shares.. They will have to cover and the sooner they do it the less it will cost them.
The list of Assets that have been recently transfered from Aubi Dubi to the Nevada. These assets in my opinion will do wonders to the bottom line.
Additional deals that are in the works will be Announced. Contracts from Germany about Steel.. Besides this I feel almost certain a few other suprises are in store for us.
Sulja Brothers announces that another group has decided to buy shares on the open market. And that Wessal is indeed starting to buy shares. Remember this when WESSAL starts to buy the PPS will not be going down.. There buying pressure will keep away any new Hedge Fund Thinking about trying to short the PPS as it goes higher..
Sulja Brothers announces a cash Dividend. This is going to be a real DAGGER in the HEART to those who SHORT and Naked Short shares from last Year on LFWK and now with SLJB..There will be no place for the Shorts to hide. They will be forced to pay the dividend or cover shares at much higher prices.. And the PPS will be going higher. Sulja is shooting for the Nasdaq. Keep focused on the Big Piucture. Share Price $4-$5 is needed to go to the Nasdaq.. BUY & Hold it will come..
1.Audited Financials.
2.Share Structure. We see how many shorts there really are.
3.Asset Statement from recent transfer from Dubi to Nevada.
4.Signed deals in Germany and other deals.
5.Cash Dividend. Will force shorts to cover.
6.Listing for Dubi Exchange has been submitted.
7. Application and form 10 has been filled with the SEC to have Sluja Brothers listed on the Nasdaq National market Place.
Now over the next two weeks. I figure we will see some additinal news.. Nothing earth shatterng. Not until Sulja Brothes has sold enough shares to create the public float.. Just enough to help the volume pick up a little.. With more volume and the 25% rule. We can get to the PR'S that will really get this moving upwards.
Once the Float is on place. The Fireworks will start.. There is going to be in my opinion a massive short covering. Except this time they Shorts have to comopete againt Wessal, and Friends to buy shares.. The shorts will be following all over themselfs to cover shares.. As the PPS moves Higher many of the current shareholders will be selling shares and taking profits.. The entire float will more than likely be turned over, On some big volume days. Eventually the shares will get into the hands of large Mutual Funds and Large Institutional Investors.
As I stated at the beginning. This is all my opinion. It's just how I currently feel how some of this is going to paly out over the next few months..
My best advise is to forget about the day to day PPS.. Let the float get in place.. Buy any shares if you have some extra money. And trust me when Wessal does start to buy. The PPS is not going to be going DOWN..
I will now step back and look for others to voice there thoughts and ideas and feelings on how this may lay out.
Then Later today I am going to relax and watch the PGA Golf Tournament.. Pulling for Tiger Woods..
Hope all have a great weekend and an even better week ahead. GLTA FFB-Fish
-------------------- learnin as I go.
IP: Logged |
posted
Thats a great write up but, The float could be ten thousand shares and the SEC would be fine with it, hell it would be bettter if it was.JMO DIG DIG DIG. And ihub is PUMPCITY.
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!
IP: Logged |
I just read over that last post you shared, and I gotta tell ya,...it's full of a lot of contradictions and he/she is just giving a speculation and an uneducated one at that.
*Anything that starts off like that post makes me frown: .. I am going to give my thoughts and feelings on what I feel & Think is currently going on with these large block trades..
*Also, which one is it???? I have stated before I do not feel it is Wessal buying.. I still feel that way..
It is possible that Wessal is buying.. I still contend.
I don't think he/she even knows what they really think and they're going to try and tell us.
Too much guessing & speculation already going on here at Allstocks as it is.
No pun intended towards you,...I know you are really trying & doing your best to help out here with all the unanswered questions, and you wanna help fill in the blanks, but a feeling is just a feeling and a guess is simply a guess.
Besides, if the company is selling, that IS dilution no matter how that poster tries to sugarcoat it.
Only time will tell, maybe this week will bring in some answers we all want.
-------------------- ~You aren't wealthy until you have something money can't buy.~
IP: Logged |
posted
suppose this is what's happening, that they want to increase the float by selling shares into the open market, why would they do that NOW? Wouldn't it be more profitable for the company to do that when the PPS is higher? They should first release audited financials and perhaps a dividend announcement, THEN sell into the open market to make the float bigger. Considering the float to be very low at the moment, a dividend announcement and/or audited financials would make the PPS go up higher than if there was a bigger float, no? And then we have Sulja saying the company is not diluting... so, all of this leads me to believe that this is not happening, I'd like to think it is though
what do you guys think? Not bashing, just thinking out loud, I could be completely wrong
IP: Logged |
Your post is like De-Ja-Vu.... I posted pretty much this exact same thing days ago. If I wasn't so lazy I would go back and search for it and show you.
I couldn't figure out why no one else wasn't getting it.....
Touche',....my thoughts exactly, and no,...Hannibull, it is not bashing.
-------------------- ~You aren't wealthy until you have something money can't buy.~
IP: Logged |
posted
oh i didn't know this, sorry about that LOL!! It's logical though, the company would get a lot more money if they sold their shares when the PPS is higher (like after audited financials/div. announcement), why do it now and leave the opportunity of making more money, the company isn't that stupid to leave an opportunity like that I would think.
If it's not the company selling, then who's been doing those block trades at or under the bid in the past 2 weeks? And why? That was not subtle at all.
That's the only thing that still confuses me. I'm keeping my shares though
IP: Logged |
posted
Where did u steal that...? For a company to return its float to the open market would only help it lose its control over title. If u remember a company has released publicly its desire to gain a percentage of control(Wessal. They say only 25% but if they know the financils even more!!
IP: Logged |
posted
if there is a private agreement in place to put a spin on this company then we have a great position... if not then the people who post rhetoric are the foretellors. The mm's in this case do not have any control over the long buyer and even more dangerous is the mm's.
-------------------- Other peoples money makes me happy!
IP: Logged |
posted
Hannibul... To mix info is good!! If u put your spin on another post then it still has your influence. Just try to add another spice to it so u show your own dd> We like having u around.
-------------------- Other peoples money makes me happy!
IP: Logged |
posted
we all know that this company will not generate any sort of NASDAQ response untill it grows up. and by this i mean it needs to fulfill all the needs sought out by parents. Financial well being ...ability to generate money...all asssets in place...and over all mental health(Steve u out there!!?) there may be a lot of hurdles to cover but people... this is not a group of stupid indaviduals banging against the walls .!
-------------------- Other peoples money makes me happy!
IP: Logged |
posted
wtf, I'm long on this stock! I was just giving my thoughts on the Ihub post, about why I don't think it's the company selling, based on a few logical things. If it IS the company selling they'd miss out on a lot more money considering how high this could go, that's IT. The CEO even said there's no dilution going on. I even added that I could be wrong. Just because I don't believe what the Ihub guy posted is the case 100%, doesn't make me a basher (that's what you implied correct?), don't be so black and white. I think we all know who the established bashers are here, and I'm not one of them. I hate bashers just as much as you do. I was thinking out loud to get other people's thoughts, sorry if it wasn't what you wanted to hear
And just so we're clear, I DO believe we'll go higher long term, I'm "on your side" here. We have audited financials coming up, it's a hot sector considering its location, it's Dubai (lots of money there), and I'm hoping for a dividend of some sorts to help raise the PPS, and we don't know everything there is to know yet, so I'm keeping my shares long term.
It seems like if people think out loud you get attacked for it. If people can't think out loud to get other people's impressions on it to find out the truth then what are we doing here, it's a message board! And although I'm long I don't want to hear "its going to go higher" "go sljb go!!!!" or anything empty like that all the time, a little thinking never hurt anyone.
I fail to see how my post would scare ANYONE into selling their shares, there's nothing "bashy" about my post.
Oh, and thanks for the welcome, I appreciate it
IP: Logged |
posted
Hannibull, I don't think you're bashing at all. You're just stating your concerns on what is going on at this time. I'm still red in this stock. I've said this before if anyone is looking for instant gratification on SLJB this may not be the stock for you. However, if you look at this long term like many of us here you should be awarded for our patience. This is a long term play IMO. I'm red but still holding 55K shares. Give it time fro things to develop.
IP: Logged |
posted
Hannibul... I was mistaken in the way I worded my post. I do not believe that you were bashing and would like that to be known. My apologies.
IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Smile]](smile.gif)
![[Roll Eyes]](rolleyes.gif)
