quote:Originally posted by IMAKEMONEY: Wessal has big money and are not concerned with the PPS going up somewhat before they start buying. LMAO, BUT THIS IS A NICE RUMOR TO THROW OUT THERE. BUY BABY BUY.
Rumor or not, Wessal is big money. They are the parent company of Red Sea Group. Red Sea Group is an enormous international construction company. I would have to agree that they probably care less if they buy at .07 or .10.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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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.
I agree with most of what your saying except on this one point. There are a few situations that I can think of where a contract would not protect your interest.
For example, lets say a company has the potential to go bankrupt. Then a contract does not mean sh#t since there may not be a company left to fulfill the contract!
I am not saying this is why the merge took place. If you are talking about the "reverse merger" that was probably done for listing purposes so the insiders could make a lot of dough...
Here is a good read for anyone fuzzy on "reverse mergers" it helped me
posted
I really really hope audited financials come out, but you dont know how many pinks I've seen say they are going to release financials and uplist, and it gets delayed and delayed as stock price goes down, and never ends up happening. I hope this one is different, I mean I do have some good coin in this one!
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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posted
I think this might be my first post in this thread but ive tried to follow from time to time. Let me try to catch up, tell me if ive got this right. heh
So, Consultech Construction Management basically merged Loftwerks and Sulja Brothers into their company. Consultech Construction is actually a child of Vista Group International which happens to be incorporated in Dubai. Then, a bit after the merger, the Director of Consultech (Petar Vucicevich) takes over as Sulja CEO bringing SLJB directly into Dubai. Im assuming this was probably a direct order from Wessal President Ahmed Khalil Al-Muslmani who has been quoted as supporting the announcment of the new CEO.
Does this all sound about right?
Last time i was reading about SLJB there werent very many solid links and leads. Things seem to be shaping up here big time. Im considering adding to my postion tomorrow. Posts: 2308 | From: Michigan | Registered: Jun 2006
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quote:Originally posted by stocktrader22: I really really hope audited financials come out, but you dont know how many pinks I've seen say they are going to release financials and uplist, and it gets delayed and delayed as stock price goes down, and never ends up happening. I hope this one is different, I mean I do have some good coin in this one!
I really hope so too.
Posts: 84 | Registered: Aug 2006
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posted
Posted by: bluediamonds In reply to: FactsHere who wrote msg# 70234 Date:9/12/2006 3:53:23 PM Post #of 70485
GOOD DD ON SLJB 9/11/06 - goal is to get to the NASDAQ and we must maintain a $4 PPS for an extended period
(Presently trades at about .07-.08).
Posted by: Stock H.O.G. In reply to: None Date:9/11/2006 5:12:18 PM Post #of 69590
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 started 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.
Posted by: Fishforbreakfast In reply to: 1millionfl who wrote msg# 69452 Date:9/11/2006 10:33:29 PM Post #of 69591
Hello, 1million..Once the audited financials are public and the Numbers out in the open for all to see.. You can fully expect to see some shorts starting to cover.
These shorts are then going to have to compete with other retail buyers for shares. When push comes to shove.. The shorts will be falling all over themselfs to cover..
Remember if the Sulja Brothers and Insiders hold there shares. Last count 362 million shares..And Wessal starts buying there 125 million shares.. It's still my contention they are not buying shares
Your going to have more people looking to buy shares than what is available. In the end. Those who are short will have to come to those who currently hold the shares they are going to need..
Fed margin Calls will force shorts to cover or they will get sold out of other securites they have used for Margin..
In the end.. The PPS will take care of itself..Once listed on the Nasdaq your going to see some really serious money start to take postions in this stock.. Mutual Funds and Institutional Investors love to buy stocks that are growing earnings and revenues..
I will not be suprised to see this stock listed on the Nasdaq and trading well over $8 per shares sometime in the first quarter of 2007..And in my opinion that is a very consertive PPS..
New contracts and additional deals could very well have Revenues in excess of 1 Billion dollars in the next 3 months alone.. Plug in your own PE Ratio and Net Profit projections and.. Your going to see something really special unfold over the next 6 months..
In any event.. Lots to consider over the very near future.. Buy & Hold.. Watch and Wait.. Moo GLTA FFB-Fish
Posted by: Fishforbreakfast In reply to: grnich who wrote msg# 69117 Date:9/11/2006 1:25:09 PM Post #of 69591
Hello,Grnich.. In my opinion your really getting close.. Controlled selling. My point for quite some time..
Now if this is indeed some controlled selling pressure. It sure would be interesting to find out why and who?? I have stated in the past my thoughts on this.
I also stated in my opinion Wessal has not started buying the shares they intend to buy..
If Wessal were buying 125 million shares in my opinion the PPS would be going up.. Thus I still contend Wessal has not stared to buy there.
Now somethiong else to think about. If the PPS will be required to maintain $4-5 PPS for 90 days to make a move to the Nasdaq.. What is the one thing Sulja Brothers could possible do to get out from under the influence of the Hedge Funds who like to sell high and buy low.
If Hedge funds and some shady MM were able to short the stock in the past. Whats to stop them from doing in again in the future. Only this time at higher Prices??
So my mystery question to Sulja Brothers..What is the one thing you plan to do to get the Hedge funds off our backs once and for all. I think many already have a good idea what the best answer to this question is..
For now I wait.. Buy & Hold is my current plan.. Hope all have a good day and better week ahead. MOO FFB-Fish
Posted by: Waverider110 In reply to: None Date:9/12/2006 1:53:05 AM Post #of 69592
$26,023,991.63 in pre-tax profits
is approximately what the 2005/06 audited fins should say, but the balance sheet is the thing to consider too. That and the 2006/07 growth rate of 300%+....maybe 400% the way things are going. http://biz.yahoo.com/iw/060731/0149129.html
EPS plus growth multiple = happiness for longs.
From Stock HOG:
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.
A 30 DAY+ ADJUSTMENT IN THE FISCAL YEAR COULD LEAD TO AN EARNINIGS SURPRISE OVER THE $26 MILLION NUMBER.
posted
I was reading the following information from the SEC website and it reminded me of all the posts about people calling SLJB and related parties...
How to Use the Internet to Invest Wisely If you want to invest wisely and steer clear of frauds, you must get the facts. Never, ever, make an investment based solely on what you read in an online newsletter or bulletin board posting, especially if the investment involves a small, thinly-traded company that isn't well known. And don't even think about investing on your own in small companies that don't file regular reports with the SEC, unless you are willing to investigate each company thoroughly and to check the truth of every statement about the company. For instance, you'll need to:
get financial statements from the company and be able to analyze them;
verify the claims about new product developments or lucrative contracts;
call every supplier or customer of the company and ask if they really do business with the company; and
check out the people running the company and find out if they've ever made money for investors before.
posted
Reading,Reading and more Reading, Im in Dubai just chilling and thrilling and not evening illing about all of this. The massive contruction projects going on here will leave you exhuasted just imagining the materials and man-power required to complete each. GLTA, looking for profitable days ahead.
"YOU PAY YOUR MONEY AND YOU MAKE YOUR CHOICE"
Posts: 46 | Registered: May 2006
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quote:Originally posted by DMOST: Reading,Reading and more Reading, Im in Dubai just chilling and thrilling and not evening illing about all of this. The massive contruction projects going on here will leave you exhuasted just imagining the materials and man-power required to complete each. GLTA, looking for profitable days ahead.
"YOU PAY YOUR MONEY AND YOU MAKE YOUR CHOICE"
Your pumping the two stocks I have the most money in, thanks!
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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posted
Want to keep the MM's from using your shares to short-sell or creating a sell-off on the day the audited financials come out?
If you have a margin account the shares that you bought are not listed in your name, they are put in the 'house-pool' available for the MM's use. To counter that, when the audited financials come out, you just put your shares up for sale at a very high price, say $8.0 per share. This locks up these shares because your broker must retain this number of shares as if they were to be sold.
Enter the fight to break free from the MM's and support Sulja Bros.
-------------------- Hi-ho Momo, awayyyy... Posts: 871 | From: So. Cal | Registered: May 2006
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posted
You are quite welcome. I do,do the least I can,there are already numerous qualified individuals carving these things apart and making sense of so much of the hype,both negative and positive. My biggest job is to make the best choices along the way. Again,GLTA.
"YOU PAY YOUR MONEY AND YOU MAKE YOUR CHOICE"
Posts: 46 | Registered: May 2006
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mo, I checked with TDA. If you have a margin but are not carring a margin/debit balance then your shares are not loanable. I asked this rep if he was sure of this, and he said he was 100% sure. FWIW.
But I still put a limit order in for $5. ________________________________________________________________________________
I would encourage people to ask their broker and report back here. I am with ChoiceTrade and when I called them they said that all the stocks in my margin account are available to the MM's, I tried to ask him more questions but he became curt and ended my call bruskly.
-------------------- Hi-ho Momo, awayyyy... Posts: 871 | From: So. Cal | Registered: May 2006
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quote:Originally posted by klondike: I was reading the following information from the SEC website and it reminded me of all the posts about people calling SLJB and related parties...
How to Use the Internet to Invest Wisely If you want to invest wisely and steer clear of frauds, you must get the facts. Never, ever, make an investment based solely on what you read in an online newsletter or bulletin board posting, especially if the investment involves a small, thinly-traded company that isn't well known. And don't even think about investing on your own in small companies that don't file regular reports with the SEC, unless you are willing to investigate each company thoroughly and to check the truth of every statement about the company. For instance, you'll need to:
get financial statements from the company and be able to analyze them;
verify the claims about new product developments or lucrative contracts;
call every supplier or customer of the company and ask if they really do business with the company; and
check out the people running the company and find out if they've ever made money for investors before.
quote:Originally posted by klondike: I was reading the following information from the SEC website and it reminded me of all the posts about people calling SLJB and related parties...
How to Use the Internet to Invest Wisely If you want to invest wisely and steer clear of frauds, you must get the facts. Never, ever, make an investment based solely on what you read in an online newsletter or bulletin board posting, especially if the investment involves a small, thinly-traded company that isn't well known. And don't even think about investing on your own in small companies that don't file regular reports with the SEC, unless you are willing to investigate each company thoroughly and to check the truth of every statement about the company. For instance, you'll need to:
get financial statements from the company and be able to analyze them;
verify the claims about new product developments or lucrative contracts;
call every supplier or customer of the company and ask if they really do business with the company; and
check out the people running the company and find out if they've ever made money for investors before.
I especially like this part: Call every supplier or customer of the company and ask if they really do business with the company.
* This is what this company is just not getting,..we are SUPPOSED to be calling & confirming everything. For some strange reason, they don't like it,..I say TOO BAD! Until I can see/find enough to make me feel confident/secure about this investment, I will call anyone, and everyone as much as I please. They can complain in as many pr's as they want, If they have nothing to hide, it shouldn't matter.
Posts: 3070 | From: CT | Registered: Apr 2006
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posted
Wall Street Capital Funding LLC: Issues Wednesdays Stocks to Watch! September 13, 2006 via COMTEX
Sulja Bros. Building Supplies (OTC: SLJB) up 12.6% on 10.7 million shares traded.
Sulja Bros. Building Supplies Ltd. recently announced outgoing CEO welcomed the appointment of new CEO. Former CEO Steve Sulja, in context to new developments with SLJB, stated "I would like to take this opportunity to congratulate Petar Vucicevich as the new CEO of Sulja Bros. Building Supplies Ltd. My decision to resign was made after long deliberations with all members of the Sulja board.
I feel that Mr. Vucicevich will better serve the direction of this corporation in its international growth. His experience in dealing with companies internationally will surely benefit Sulja Bros. Mr. Vucicevich asked me to stay behind as a consultant during this time and I will gladly accept this position. Mr. Vucicevich has the support of the entire Sulja organization here and abroad, and I ask all shareholders, members of the board and management and clients to show Mr. Vucicevich the same support you had extended to me in the past. I expect great things for Sulja and plan to work closely with Mr. Vucicevich. I believe all shareholders will be pleased with Mr. Vucicevich's professionalism and no nonsense approach. I thank you all again for all your support and wish everyone the best.
Posts: 63 | From: Idaho | Registered: Jul 2006
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WINDSOR, ON -- (MARKET WIRE) -- 09/13/06 -- Sulja Bros. Building Supplies Ltd. (PINKSHEETS: SLJB) CEO Petar Vucicevich is proud to announce a shareholder update.
CEO Petar Vucicevich stated: "As the new CEO, Sulja Bros. will continue on the same path that Steve Sulja created. We will not reverse spilt our shares or change the share structure. The company will continue the Middle East growth with the same philosophy of 'Excellence.' Our customers and shareholders are the primary concern. We will strive to close amicable contracts that will increase the size and price per share of the company. I will approach this task with the same conviction as my predecessor.
"The company financial audit is nearing completion. We anticipate having the audit stamped this week. Early next week the completed audit will be available for shareholders to view at www.suljabros.com. I will also issue a new statement made available at the same website on Monday morning."
This contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual result may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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"The company financial audit is nearing completion. We anticipate having the audit stamped this week. Early next week the completed audit will be available for shareholders to view at www.suljabros.com. I will also issue a new statement made available at the same website on Monday morning." ....
Posts: 6410 | Registered: Jul 2006
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posted
nearing completion,We (anticipate) having the audit stamped this week,I will also issue a (new statement) made available at the same website on Monday morning." BIG HMM!LOL
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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posted
I agree a surfer. The pr states in black and white audit stamped this week. Statement available Monday morning. We'll see how good or bad the financials are on Monday. No more speculation at this time please.
Posts: 2309 | From: Minnesota | Registered: Feb 2006
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quote:Originally posted by djg7: I agree a surfer. The pr states in black and white audit stamped this week. Statement available Monday morning. We'll see how good or bad the financials are on Monday. No more speculation at this time please.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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