posted
I am a little dissapointed as well the numbers aren't "official" -- yet.
The only reason being I was under the assumption they HAD audited financials completed (needed for SEC filing to become reporting, etc, right?) and were just waiting for the right time to 'drop the bomb'. Guess that's what happens when you make assumptions.
Definitely not bashing (been long and strong since March) just scratching my head - seems to be a great gameplan, just executed a little sloppy IMO.
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posted
Why would they put numbers on their site if they havent already been checked and rechecked and audited. Since they are attempting to make all shorts cover, and move to a higher exchange. Along with another exchange? But what do I know?
-------------------- Sometimes I just want a NORMAL life?
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quote:Originally posted by bigwormcb: Why would they put numbers on their site if they havent already been checked and rechecked and audited. Since they are attempting to make all shorts cover, and move to a higher exchange. Along with another exchange? But what do I know?
I guess the reason is because the PPS dropped a lot today, they need to do something to stop dropping.
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posted
Sulja Bros. Building Supplies, Ltd. Receives Investment Capital and Releases Financial Information Thursday August 3, 10:53 pm ET
DUBAI, UNITED ARAB EMIRATES--(MARKET WIRE)--Aug 3, 2006 -- Wessal International is pleased to announce that Sulja Bros. Building Supplies, Ltd.'s (Other OTC:SLJB.PK - News) financials are currently available on www.suljabros.com.
ADVERTISEMENT CEO Steve Sulja states: "Sulja Bros. is pleased to release financial statements to the investing community. The posted financials are a compilation of Sulja Bros. and all of its North American and Middle Eastern wholly owned subsidiaries. We had a great year and our Middle East projects are supplying tremendous growth. We look forward to another outstanding year with increased net profits and growth."
Wessal International has arranged for private financing of USD 25 million, of investment capital, for Sulja Bros. Building Supplies, Ltd.
A Wessal International spokesperson commented, "We have acquired private financing to secure the vast supplies and materials needed in the rapidly growing operations in the Middle Eastern market. This will necessitate and alleviate the capital required for such an extensive demand for building materials. The capital attained will ensure that Sulja Bros. will not use company shares to raise capital in the near or distant future, and will continue to not only maintain the upward climb towards a high price per share, but to also steadily rise towards a higher market exchange."
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.
Contact:
Source: Sulja Bros. Building Supplies, Ltd.
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DUBAI, UNITED ARAB EMIRATES--(MARKET WIRE)--Aug 3, 2006 -- Wessal International is pleased to announce that Sulja Bros. Building Supplies, Ltd.'s (Other OTC:SLJB.PK - News) financials are currently available on www.suljabros.com. DUBAI, UNITED ARAB EMIRATES--
-------------------- Sometimes I just want a NORMAL life?
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posted
another question I have (had a rough day at work, carrying my negative sentiment into over-analyzing SLJB.. sorry!) is why the hell would they talk about listing on the UAE exchange before at a minimum moving to .OB status and out of "grey" pink?
Maybe it will help the PPS of SLJB.PK if they are traded in UAE... just wondering how the listings/share values coincide with one another. Can anyone share any insight? Are there any other companies that are co-listed Nasdaq & UAE that we can research?
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posted
I just got back from attending to a serious family matter. I see the pps dropped today which is no surprise because the MMs have been f-ing with the pps for the last couple of days.
More good news tonight. If this doesn't go up to at least .15 tommorrow after this news it's a complete MM manipulation which is a joke.
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they are really trying hard to make the price appreciate, but we need audited financials, and it would be nice if they made it clear that the 1 project for $124 million in revenue is basically almost double of the revenuet hey reported for thier finacials. Not to mention if they would apply for OTCBB already, that would be nice. They need to put #'s in this PR....tremedous growth in the middle east...well like what...how about mention the $124 million contract you are about to get and other revenue projections from the middle east
-------------------- Disclaimer: Not accountable for anything I say
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quote:Originally posted by Wilder: I am a little dissapointed as well the numbers aren't "official" -- yet.
The only reason being I was under the assumption they HAD audited financials completed (needed for SEC filing to become reporting, etc, right?) and were just waiting for the right time to 'drop the bomb'. Guess that's what happens when you make assumptions.
Definitely not bashing (been long and strong since March) just scratching my head - seems to be a great gameplan, just executed a little sloppy IMO.
same here wild. the numbers have been made public since monday, i expected these to be audited already. also the pr does not say anything about when the audit will be done.
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posted
This company may have all the tools to hit $4...but they would have been a lot more effective, if they all in one week came out of no where and said, bam we already were approved for otcbb and we are swithcing in a week, here are the audited financials, we have a $124 million contract coming in the middle east and our revenues for the next financials will greatly exceed the past one
-------------------- Disclaimer: Not accountable for anything I say
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only new info is "25 million in private financing so we don't have to finance by selling shares" good news. Now we just need:
1. Audited financials (the ones posted really should have been audited already.. haven't they supposedly been working on this during the merger process the last few months? didn't they state somewhere they were working with a nationally recognized accounting firm? am I mistaking heresy hype on message boards with regard to being in process w/ a nationally recognized acct. firm?)
2. Move to fully reporting .OB
3. Account for share distribution to prove the float is owned and locked down.
Only when those three things are done will we see over $1.00, IMO. But who knows, we could hit $1.40 tomorrow =)
I've said it before and I'll say it again - this is going to play out to be one of the most interesting situations to ever occur on the pinksheets, whichever way it goes. I think it's definitely up up up.. but I have to keep at least a toe or two on the ground.
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Stocktrader22. Take the money that you INVESTED in SLJB. And go play the lottery. You have a better chance of getting rich quick over night. This **** doesnt happen QUICKLY. It takes time. You can not just do everything in one week.
-------------------- Sometimes I just want a NORMAL life?
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bigwormcb, you don't understand what I am saying....symbol change was stupid because we stayed on the pinks. What should have happened was OTCBB listing coinciding with audited financials.
-------------------- Disclaimer: Not accountable for anything I say
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quote:Originally posted by stocktrader22: This company may have all the tools to hit $4...but they would have been a lot more effective, if they all in one week came out of no where and said, bam we already were approved for otcbb and we are swithcing in a week, here are the audited financials, we have a $124 million contract coming in the middle east and our revenues for the next financials will greatly exceed the past one
exactly. I think that is what most of us were expecting. I figured when the ticker/cusip changed, AUDITED financials would have already been delivered to the SEC for registration to .OB, then they would release a PR stating this along with audited financials.
While they're definitely moving and shaking, most of us here are familiar with their track record of delayed timelines. By stating "financials ARE BEING SUBMITTED for audit" tells me it may be a while. I hope I'm wrong.
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yeah, wrong timing and language for the prs. also, don't want to look like bashing, i own a position here, i've noticed this week every time they've released a pr there was some buyig pressure but someone was dumping just enough shares to feed the mms and not to alow the pps go up. 124 mil contract would have taken any other pink/otc/nasd stock up big time.
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quote:Originally posted by bikerider: yeah, wrong timing and language for the prs. also, don't want to look like bashing, i own a position here, i've noticed this week every time they've released a pr there was some buyig pressure but someone was dumping just enough shares to feed the mms and not to alow the pps go up. 124 mil contract would have taken any other pink/otc/nasd stock up big time.
Agreed people are saying Sulja should have in the next year at least 300 million in revenue, and with earnings on this, thats huge....many nasdaq stocks dont have close to that revenue
-------------------- Disclaimer: Not accountable for anything I say
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Audited financials can take a while depending on the size of the company and the reliability of the Accounting Information System (AIS). This is something SLJB will have no control over (meanig the speed at which they get done). So to say they should have them out by now is a little presumptious I would think.
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quote:Originally posted by SincereX13: Audited financials can take a while depending on the size of the company and the reliability of the Accounting Information System (AIS). This is something SLJB will have no control over (meanig the speed at which they get done). So to say they should have them out by now is a little presumptious I would think.
true, but this is what they said on a may 5 2006 pr:
LoftWerks, Inc. (OTC: LFWK) today announced that Sulja Brothers Building Materials, Ltd. has completed their audit process for upcoming financial reports, and that the information will soon be posted on the company's web site.
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Dubai International Financial Exchange listing information from website:
Listing Strategy
Listings on the DIFX will be primarily derived from IPOs, alternate listings for companies already quoted on other exchanges, and fixed income listings at the both the corporate and sovereign levels.
okay.. makes more sense as an 'alternate listing'
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quote:Originally posted by SincereX13: Audited financials can take a while depending on the size of the company and the reliability of the Accounting Information System (AIS). This is something SLJB will have no control over (meanig the speed at which they get done). So to say they should have them out by now is a little presumptious I would think.
true, but this is what they said on a may 5 2006 pr:
LoftWerks, Inc. (OTC: LFWK) today announced that Sulja Brothers Building Materials, Ltd. has completed their audit process for upcoming financial reports, and that the information will soon be posted on the company's web site.
the company audited the financials themselves (you can see this from the headline on the websites financials page)... but they are also having an outside party do this as well... so I will take this pr as the companies own internal audit.
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Look I'm not saying you guys are wrong and that I am right... but my fiance is a CPA and explained that audited financials can take up to 6 months depending on the company size and the firm doing the auditing. SLJB would have no control over this process. This is not an excuse but rather a train of thought as to what may be going on right now.
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posted
no bashing, but there is no transparency in what the company is doing or plan to do. prs are vague, no details, language is poor the least to say. what investor would buy into a company they don't know much about?
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