quote:Originally posted by mo-rydr: Re-post from SEP 9
quote:Originally posted by mo-rydr: So Hoss, what makes you think Sulja Bros is under 'new' management?
* It was Consultech, vis a vis Petar V., who originally entered into the joint venture with LFWK at the time that the naked shorting first happened.
* It was Petar who first brought in Sulja Bros for the merger. (Consultech being the parent Co. of Sulja Bros).
* The merger was to protect Consultech's interrest in the JV.
* Petar is just now bringing it all under one roof. (I think that Steve was just put in as CEO through the merger transition time for appearances).
Going from private to public is the screwball in this whole thing, considering the position they recieved the takeover, with the battle that they have to go through with the MM's.
Petar V. is a no-nonsense guy, I am sure that he has a good plan, and now that he is on the spot to make everything happen to raise this Phoenix off the ground, we are going to see some very hard hittin from here on in.
JMHO - Do your own DD
I must have missed this one!!
Lets see.... It is a new CEO. He might have been around the whole time, but any promises Ackerman made don't automatically carry over.
And I know they called it a joint venture, but Sulja bought the shell from LFWK. They wanted to go public and found a viable shell to buy out cheap. If they really wanted to protect their interests they could have bought 50% of the company at .003 and then delisted. No more supposed MM/naked shorting trouble.
You don't merge to protect your interests, you use a friggin contract. going public dilutes your own interest in your company. It doesn't consolidate it.
The ONLY reason a company goes public is to raise money. Everyone seems to forget that. That is why a company does a reverse merger. There is absolutely ZERO reason for any company to go from being privately owned and keeping it all for themselves to sharing ownership with a bunch of investors (most of whom actually invested in the last company). Unless of course they are going to sell shares to raise capital.... Doh.
And as for Petar being a no nonsense guy, I don't know him from Adam, do you? You tell me why this no nonsense guy went public? LFWK has no impact on all of this growth they are PR'ing.
-------------------- I just want to make enough money to be eccentric.
IP: Logged |
quote:Originally posted by mo-rydr: Re-post from SEP 9
quote:Originally posted by mo-rydr: So Hoss, what makes you think Sulja Bros is under 'new' management?
* It was Consultech, vis a vis Petar V., who originally entered into the joint venture with LFWK at the time that the naked shorting first happened.
* It was Petar who first brought in Sulja Bros for the merger. (Consultech being the parent Co. of Sulja Bros).
* The merger was to protect Consultech's interrest in the JV.
* Petar is just now bringing it all under one roof. (I think that Steve was just put in as CEO through the merger transition time for appearances).
Going from private to public is the screwball in this whole thing, considering the position they recieved the takeover, with the battle that they have to go through with the MM's.
Petar V. is a no-nonsense guy, I am sure that he has a good plan, and now that he is on the spot to make everything happen to raise this Phoenix off the ground, we are going to see some very hard hittin from here on in.
JMHO - Do your own DD
I must have missed this one!!
Lets see.... It is a new CEO. He might have been around the whole time, but any promises Ackerman made don't automatically carry over.
And I know they called it a joint venture, but Sulja bought the shell from LFWK. They wanted to go public and found a viable shell to buy out cheap. If they really wanted to protect their interests they could have bought 50% of the company at .003 and then delisted. No more supposed MM/naked shorting trouble.
You don't merge to protect your interests, you use a friggin contract. going public dilutes your own interest in your company. It doesn't consolidate it.
The ONLY reason a company goes public is to raise money. Everyone seems to forget that. That is why a company does a reverse merger. There is absolutely ZERO reason for any company to go from being privately owned and keeping it all for themselves to sharing ownership with a bunch of investors (most of whom actually invested in the last company). Unless of course they are going to sell shares to raise capital.... Doh.
And as for Petar being a no nonsense guy, I don't know him from Adam, do you? You tell me why this no nonsense guy went public? LFWK has no impact on all of this growth they are PR'ing.
Very good post
-------------------- Disclaimer: Not accountable for anything I say
IP: Logged |
posted
To have a shdow CEO only adds up in my ledger...imo With all the uncertainty of this stock. ie. no posted proof of earnings, contracts and other deals...to then have a mary-go-round of CEOs is the only logical venue to disrupt the previous pr train...Shake the shorts! A substantial blow was sent out about the shaken Ramada deal however... if the CEO *the time was not he actual CEO then how do we know it was not a poison pill sent by a dissgruntled ex-ceo(who's family owned the company the previous 25 years only to be lead into the thought of a larger international deal and to be screwed himself... and see the only avenue of retention in his company! There is a larger phantom out there. Perhaps Steven is being put out there as a strenght point and he no longer wants to fulfill the role when he is just a pawn!? imo. THis would be the deffinate answer that we the shareholders have been seeking. Sulja has been absorbed by someone and is now only moents away from a merger.\\\ amho.
-------------------- Other peoples money makes me happy!
IP: Logged |
posted
You know, I am still concerned about these audited financials, I just have this gut feeling that they probably wont come out. Why couldnt they have filed an 8-k saying KPMG and PWC are the auditors.
-------------------- Disclaimer: Not accountable for anything I say
IP: Logged |
quote:Originally posted by Wit: Ok,...so here is the latest in the string of chats' with Chad.
Do I know this poster,....NO Is this accurate?,.....who knows, I'm only passing it along seeing that no one else has yet, and many of you,....are well,....desperate for something. LOL
I-hub poster talked to Chad with Marquee today.
Posted by: Stock H.O.G. In reply to: None Date:9/11/2006 5:12:18 PM Post #of 69376
Q & A with Marquee:
I spoke with Chad from Marquee today for about 30 minutes. Below you will find the Q&A details. I did my best to capture the questions and concerns of the board.
1) Are the audited financials still slated to come out mid-Sept? Yes, they should be out at the latest, next week. However, they could be any day now.
2) Which fiscal year-end will Sulja use in the U.S.? Not sure, but that will be clear when the audited financials come out.
3) With the change in the CEO, can you confirm that there is no plan to change the current share structure? No change was mentioned to him.
4) Can you confirm that the client we lost is not the cement deal (i.e. Ramada)? The cement deal was not lost, but the client (Ramada General Contracting) was not happy with all of the calls (also note they are a private company and not used to shareholders hounding them for information). Bottom line, we have the cement deal still.
5) Has Wessal started buying their 25%? If not why would they wait? Is there an advantage for them to wait? Not sure if they stared buying. Note, Wessal has big money and are not concerned with the PPS going up somewhat before they start buying.
6) Any ETA on the move to the OTCBB? Most likely very soon after the audited financials. It should be quick.
7) Can you explain why Shahid Khan was named the CEO for one day? Basically, the plan was for Petar to take this position eventually, so Khan was in there as a temporary. After they put him in the position, Petar decided it might be best for him to take over now, instead of later. Basically a whoops, maybe Petar needs to be in control, given all of the complexities.
8) Are you considering dividends, as this may get the attention of some big buyers (i.e. hedge funds). It's not out of the question and they expect retail buying after the audited financials come out.
9) Do you know of any naked short or regular short selling? If so, do you know what the numbers are? Also, what are the plans to counter such activity? Yes, there is shorting taking place, but it's impossible to track the numbers because much of it is done via Canada. A guess would be 200-300 million. After the audited financials, retail buying will begin and shorts will have to cover (i.e. margin call!!), that's how the company will counter.
10) Do you know how many shares above and beyond the current O/S LWFK owned? Did they control more shares than what was in the float? Were they required to sell the shares back into the public float, as to not have a negative float? Word has it that they (LWFK) own no shares and Dennis was completely bought-out. The share structure is the same as recently PR'd.
11) If the goal is to get to the NASDAQ and we must maintain a $4 PPS for an extended period, does the company believe their financial results alone will get us above $4 or is there something else in mind? Audited numbers, major growth, and retail buying will get us there.
12) It was stated that Steve Sulja would stay on as a consultant. Can you expand on what his new role might look like? (i.e. board of directors, etc.). Exact role not known, but basically the big guys are taking over.
13) Can you provide any information regarding a reverse merger with Consultech? There are no mergers in the works at this time.
14) On the Sulja website, there are no numbers posted for June and July, 2006, can you explain and can we get these numbers? He's going to look into this.
15) fyi...on Ameritrade, Sulja is listed as Suija. Can you look into having this revised? He will let someone know and work to have this fixed.
Other Notes:
1) Petar has been in control and the main man for a while now. He has the experience we need to run the company, which is beginning to become more complex (i.e. international and public). He's very good at negotiating and closing deals and is a straight shooter. You should feel very good about him being there.
2) Marquee Asset Mgmt does not release PRs, they are done by Petar. MAM does, however, advise Petar on what they believe should be released, hence the vast number of recent PRs.
I NEVER THOUGHT FOR ONE SECOND IN MY ENTIRE LIFE THINK I WOULD HAVE TO SAY THIS...
WIT, WTF STOP PUMPING !
LMAO
SERIOUSLY, THINK THOUGH...
THATS EVERYTHING WE WANT TO HEAR.
THAT GUY MADE ALL THAT UP BECAUSE THATS EXACTLY WHAT WE WANT !
HE GETS NO CREDIBILITY FROM ME.
WHEN I SEE THE "GODLY" FINANCIALS I WILL BE HAPPY
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven
IP: Logged |
See, I'm full of surprises. Guess you didn't know I had it in me. I go both ways,....like to shake things up a bit, don't wanna be too predictable. LOL
Frankly,..I don't believe anything I read anymore, now if that call was from someone on our board that I trusted,.. well, then I would be more apt to believe it. We'll just have to ride it out and see what happens.
Here's another one for ya Schwab: "Everyone Back up the Truck, To Da Moon!" !! (Am I getting better???)
IP: Logged |
posted
I'll pick up more if this dips into the .06's today with the anticipated financial audit to be out within the next week or so. These are bargain prices at this time IMO.
IP: Logged |
posted
Do they have a number on the Marquee web site now? If they do I don't see it. Not sure which e-mail contact to write to either. I sent a e-mail to the PR contact yest. - no response. Getting ready to spam them all. People keep saying they are calling but if they're not calling the main # for Sulja where are they calling?
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?
IP: Logged |
posted
I noticed something funny on the Marquee website, Why is it on SLJB being represented on there. Is SLJB thier only contract? Is there a recent start-up? I would have liked to have seen multiple companies that there were doing business with. It would have given them more credability because other companies use them for ivestor relations. Just my thoughts
-------------------- This is the start of something big
IP: Logged |
quote:Originally posted by beatheodds: I noticed something funny on the Marquee website, Why is it on SLJB being represented on there. Is SLJB thier only contract? Is there a recent start-up? I would have liked to have seen multiple companies that there were doing business with. It would have given them more credability because other companies use them for ivestor relations. Just my thoughts
Beat, my thoughts on that site exactly.
You are a few weeks behind on that conversation. To sum up a long story, that was a newly made website, done three days prior to being announced in the pr. I looked for the very same thing you were looking for, who are their clients, and how big are they. To be honest, I think Chad works for SLJB. Not as a client relationship, as an employee of the company. (There is a difference for those who say there isn't.)
BTW- I found this thread almost at the bottom of page one, below my RSHN,...that's a BIG switch!
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Cool]](cool.gif)
![[Big Grin]](biggrin.gif)
![[Eek!]](eek.gif)
![[Wink]](wink.gif)
![[Razz]](tongue.gif)
![[Confused]](confused.gif)
