posted
dang MMs..they are tring all they can to keep it down...if they let it run it would hit .10 easy...good think we wont be in pinky land too much longer.
-------------------- Dont take my advice, due your own DD Posts: 711 | From: Oklahoma | Registered: Apr 2006
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LFWK ....is on the move NOW . News out on symbol change...expected financials monday/tuesday. This is a major mover.
STRONG BUY
The Stock Alarm
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
LFWK is slowly falling to the bottom of page one, I guess we're letting that go. We'll just use it to refer to for newbies, I don't think that I want to explain all that's been happening all over again on here....ugh, too much.
I'm all aboard this train now....go SLJB!!! Chooooo-chooooo.........lol
-------------------- ~You aren't wealthy until you have something money can't buy.~ Posts: 3070 | From: CT | Registered: Apr 2006
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posted
Juice, it would be nice to repost DD what you posted on the other thread
Posts: 173 | From: Southern California | Registered: Jan 2006
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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 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!!!
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. 07/26/2006 11:03 PM | By Sunita Menon, Staff Reporter BOOM IN DUBAI AND SAUDI ARABIA >>>>>>>>>>>>>>>>>>>>
Dubai: The UAE, Saudi Arabia and Kuwait are the preferred destinations for Indian workers, according to the annual report released by the Ministry of Overseas Indian Affairs.
"The demand for Indian workers is increasing since the entire Gulf is undergoing a massive construction boom. The three Indian states from where the labour is being outsourced in large numbers to the Gulf are Kerala, Tamil Nadu and Andhra Pradesh," said a source from the Overseas Indian Affairs ministry.
"It is very difficult to say whether the increase is due to the hike in their salaries. As per the information ... received from various Protector of Immigrants offices across India most of the labour is from the unskilled and semi-skilled sector," he added.
Emigration of Indian labour in large numbers also prompted the ministry to establish overseas counselling centres, which are expected to be operational by October.
"The ministry has also initiated an e-governance project to link all offices of the Protector of Emigrants across the country. Once the link is established it will make it much easier to get a unified data [on] the ... labour outflow overseas. Now it is recorded individually by each state," said the source. "The project is expected to be completed by the end of this year."
India has made emigration clearance mandatory for individuals who have not completed high school. The rule exists only for the GCC and the Far Eastern countries.
According to the report, the number of emigration clearances granted by the eight offices of the Protector of Emigrants has increased from 279,000 in 2001 to 549,000 in 2005.
The UAE is the main destination for Indian workers closely followed by Saudi Arabia. Outside the Gulf region, the intake of Indian manpower by Malaysia has shown a significant and consistent increase.
"The increase in the number of Indian labour coming to the UAE is quite obvious because there are quite a number of companies which pay their workers on time. The numbers of faulty companies are very less," said B.S. Mubarak, Indian Labour Consul.
The Indian workers who spoke to Gulf News said that prospects of regular employment and salaries were the main reasons for coming to the UAE. "It is very difficult to get a steady income in India," said a worker.
The ministry will reportedly partner with the private sector for working in standardised testing, certification and quality assurance sectors.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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We are very pleased to have our household brand name finally processed by the State of Nevada and the NASDAQ as well," said company CEO Steve Sulja. "Furthermore, with our Investor Relations functions being performed by the Wessal International Group, we are rapidly expanding our business in the Middle East, as well as gearing up to supply our new and future projects through our parent company Consultech," he said
-------------------- 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
They might shake it right before EOD, I could definitely be wrong though. They did it yesterday with CKYS, dropped it right before eod...then it opened at like 40% up. Posts: 2741 | From: Seattle | Registered: Feb 2005
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it was a name change, and i personally think they will go to otcbb, then in the mean time, release the financials, then per the PR it states that the release of the PR w. the fins will put up the pps high enought for the NASDAQ uplist req which it $4.00 to uplist, then $1.00 to maintain...
-------------------- Dont take my advice, due your own DD Posts: 711 | From: Oklahoma | Registered: Apr 2006
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"We are very pleased to have our household brand name finally processed by the State of Nevada and the NASDAQ as well,"
Isnt it saying they have finally been processed by Nasdaq? what exactly does it mean?
Posts: 173 | From: Southern California | Registered: Jan 2006
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quote:Originally posted by jaescobar22: "We are very pleased to have our household brand name finally processed by the State of Nevada and the NASDAQ as well,"
Isnt it saying they have finally been processed by Nasdaq? what exactly does it mean?
seems to me that should have said SEC instead of NASDAQ, but I am fairly new to LFWK so I am not sure...could be Nasdaq OTCBB is what they meant?
Posts: 2741 | From: Seattle | Registered: Feb 2005
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