posted
well received Sincere! we're all here to kick the can around so to speak. that actually answers some of my questions and eases my 'dissapointment' with the fact the financials today weren't audited by 3rd party.
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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.
true, but didn't they plenty of time since may 5th?
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quote:Originally posted by stocktrader22: What's so great about this news, didn't we already know everything it stated, I don't like this fluff.
Now how did u know about the $25 million??? if your not a basher then i will call you goldy locks---u sound like-----i thought the pr was too soft or the fin were too cold You never seemed to be satisfied. Some of us have been here months waiting for this moment. You seemed to be disappointed alot with this company so please go somewhere else-- maybe try baby bears bed.lol
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quote:Originally posted by bikerider: 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?
Do your DD and you can answer your own question.
-------------------- Hurry up and wait.
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quote:Originally posted by bikerider: 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?
Unfortunatly, welcome to the pinks, they are all like this. If you want to look at this stock in the lowest common denominator (it is a full out scam) you can at least see one thing. The company wants the pps higher no matter what. So I'd like to hope it is completely legit, yet I will not be detered just b/c I can see the company pumping the pps either way.
Hope for the best, play accordingly for the worst.
-------------------- trashed and scattered again
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quote:Originally posted by Wilder: well received Sincere! we're all here to kick the can around so to speak. that actually answers some of my questions and eases my 'dissapointment' with the fact the financials today weren't audited by 3rd party.
hhmmm, i've checked the may 4th 2006 pr:
LoftWerks Inc. (OTC: LFWK) announces its first exchange move milestone has been achieved. On May 4th, 2006, the merged company of LoftWerks Inc. and Sulja Brothers Building Supplies completed audited financials. The audits were conducted by a premier international accounting firm. The financials were submitted to the Company Directors and Gottbetter & Partners, LLP on the same day.
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quote:Originally posted by Wilder: well received Sincere! we're all here to kick the can around so to speak. that actually answers some of my questions and eases my 'dissapointment' with the fact the financials today weren't audited by 3rd party.
hhmmm, i've checked the may 4th 2006 pr:
LoftWerks Inc. (OTC: LFWK) announces its first exchange move milestone has been achieved. On May 4th, 2006, the merged company of LoftWerks Inc. and Sulja Brothers Building Supplies completed audited financials. The audits were conducted by a premier international accounting firm. The financials were submitted to the Company Directors and Gottbetter & Partners, LLP on the same day.
There you go proof in the pudding.
-------------------- Disclaimer: Not accountable for anything I say
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quote:Originally posted by bikerider: 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?
Unfortunatly, welcome to the pinks, they are all like this. If you want to look at this stock in the lowest common denominator (it is a full out scam) you can at least see one thing. The company wants the pps higher no matter what. So I'd like to hope it is completely legit, yet I will not be detered just b/c I can see the company pumping the pps either way.
Hope for the best, play accordingly for the worst.
agree, apparently they don't want the pps under 0.10 which makes sense to me, but on the other hand as i've said earlier, when the pps is about to take off someone's dumping just enough not to allow it go up.
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quote:Originally posted by Wilder: Oh SHII... bikerider that's the PR I was thinking of when I said "didn't they say they were working with a big accounting firm already??"
posted
Well if that concerned tomorrow will be a good time to sell. The hype tonight built up on IHUB shows to me that SLJB will certainly go up in the morning regardless. I'm not trying to be negative here... just saying that if you are concerned tomorrow should show a good exit point.
-------------------- trashed and scattered again
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posted
No need to exit lol. All I'm saying is they could have approached all of this a lot better to get the signficant price increase they are looking for.
-------------------- Disclaimer: Not accountable for anything I say
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quote:Originally posted by SincereX13: Well if that concerned tomorrow will be a good time to sell. The hype tonight built up on IHUB shows to me that SLJB will certainly go up in the morning regardless. I'm not trying to be negative here... just saying that if you are concerned tomorrow should show a good exit point.
i've been into this since april, my average is 0.026 and i haven't sold a share. i don't want to sound negative, but i would rather talk here about things i don't understand or i want some other people opinion on than to make to da moon statments.
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posted
Well lets all at least enjoy the hype tomorrow, we should all make money. We can agree to discuss our posistions further over the weekend after we see what friday brings
-------------------- trashed and scattered again
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posted
Exactly. I think everyone here has made money. I'm at .029 average (actually, free shares now). It's just always important to have an exit strategy for both profit and loss. Goes for any stock big boards and small.
posted
SLJB is not just randomly sending out PRs , they have all there ducks in a row..we will see what takes place in the next few trading days...i see GREEN DAYS ahead fellas....
DUE YOUR OWN DD
-------------------- Dont take my advice, due your own DD
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posted
I may be wrong, but people are posting that LWFK said that they would have audited finacials. LWFK doesn't really matter at this time. SLJB has posted their finacials, and they will be audited by a third party. Might take more than one day. I don't see why there would be any concern. People are to skeptical. If your scared, just sell and relieve yourself of your worries. Much more to come IMO. -Cassity
posted
I have been in this stock since September 2005, back when it was .014, then it went to sub penny. I picked up most of my position there. I find it very interesting that people question the company's actions.
Everything has been right there all along, the problem is that no one believed them. They said it all. You can decide to buy or sell, whatever you want to do. I feel since I have been in this since the run from .003 to .046, back to .02's and now sitting at .10.....I have seen it all.
I have done research and I know what I am holding. Opportunities like this do not come often in the market, I am here for this one and have seen the profit already, I will be holding for the real money. If I told you what my target exit price is, you would not take me seriously. To add to that, I am basing that on a very feasible price target.
See you around. If anyone does not believe me, check the former lfwk boards, from last year, you will see my posts.
posted
I'm actually surprised at all the negativity here. I read that PR too and discovered, for the first time, that they are receiving $25 million dollars, and that they have no intention of using company shares to raise capital in the near or distant future!!! Thats hardly fluff. If you think that $25 million is fluff maybe you should burn your cash and fly your private jet to your personal island for some relaxation...
Seriously though, I invite skepticism from shareholders (it keeps the "to da moon" crap at bay) but lets not stare a gift horse in the mouth. This is great news!!!!
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell
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Press Release Source: Sulja Bros. Building Supplies, Ltd.
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:
-------------------- Dont take my advice, due your own DD
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posted
Man I could'nt have said it better. I too have been holding this stock for quite some time and am glad to see it paying off. Also the several hundred thousand shares I own are waiting for the "BIG BUCK". I've been to Dubai on numerous occasions and that place is a mega plex of opportunity, I was happy to seen LFWK get in the mix. Which aided in my decision to hold and take the gamble on this one. It's All Good.
"YOU PAID YOUR MONEY AND YOU MAKE YOUR CHOICE"
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posted
you can bet on it they have a plan on the table which will take the stock price to dollars and to the nasdaq...it is just a matter of timing, you will see :=) i am buying more here
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quote:Originally posted by cassity: I may be wrong, but people are posting that LWFK said that they would have audited finacials. LWFK doesn't really matter at this time. SLJB has posted their finacials, and they will be audited by a third party. Might take more than one day. I don't see why there would be any concern. People are to skeptical. If your scared, just sell and relieve yourself of your worries. Much more to come IMO. -Cassity
quote:Originally posted by weekendwarrior1: wow....gotta post it again...
Press Release Source: Sulja Bros. Building Supplies, Ltd.
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.
Thanks for all the hard work on the DD. Now try to get a little sleep before we rock all day.lol
posted
[QUOTE]Originally posted by a surfer: [QB] be interesting to see if we can get back our .13 today.. maybe 14 yup thats my #
possible .18 to .20 with the confirmation of $25 million financing and absolutely no dilution in the near or distant future. .25 sometimes before next Friday that will spark a buying frenzy and a FHAL or PTSC or some mention SPEA type run. SLJB has an unlimited upside potential.
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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.
No offense but an audit is much more in scope than a compilation or a review. It can take several weeks for an outside firm to verify the numbers. After all the Accounting Firm is putting its neck on the line...they will go through everything with "a fine toothed comb"! 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.
posted
I am laughing pretty good here. Everyone saying they want the financials audited. I understand that but I am not taking chances, by the time the financials are audited, there will be too much of a frenzy of buying.
Based on my exit prices the difference of buying now and when they are audited do not matter. Soon, no one will be selling their shares. If you are a flipper I would strongly advise to not enter the stock because you will kick yourself 6 months from now. More than 90% of my portfolio is SLJB now. I cannot wait to post my victory story months from now. I doubt I ever trade stocks again, or if I do, I will only take large positions in stocks with potential similar to SLJB.
Another point, if you are flipping, you can do much better on a stock under .01, say from .005 to .01 is a double, where this is .10 now and has to go to .20 in order to double. This is my long term hold, and when share structure is released, watch out. I know the MM's and brokers are feeling it now.
posted
Good PR last night, it will be interesting to see how the market and MMs react today. I still think the listing on the Dubai exchange will work very much in our favor and I don't understand the selloff yesterday, after they released that news. Still holding strong and adding more as we dip!
-------------------- Success is having the time and money to enjoy all of life's wonders...
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