posted
I was just thinking about something.... Nasdaq runs the OTCCBB, so the minimum bid need not apply to be there.
Not mentioning that to burst any bubbles. I have been floating since yesterday myself, and maybe I need to come down a bit to reality. We have to make sure everything is in order here and we are interpreting everything correctly.
-------------------- ~You aren't wealthy until you have something money can't buy.~ Posts: 3070 | From: CT | Registered: Apr 2006
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posted
wit ur right..their goal was name change/symbol change, then release the financials to get to the NASDAQ...not the otcbb but the NASDAQ..and that is why everyone keeps throwing out the $4.00+ pps...correct me if im wrong, but come monday SLJB will be offically on the OTCBB, but then once they release the fins that is when they plan on going to the NASDAQ..and i believe the paperwork was already filed and cleared..just waiting on the pps to meet uplisting requirments.
-------------------- Dont take my advice, due your own DD Posts: 711 | From: Oklahoma | Registered: Apr 2006
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quote:Originally posted by Wit: Regarding the LFWK shares that are short, according to the site, only 55 LFWK shares are being shorted as of July, 2006
posted
Wit, remember...that 55 shares short figure is only for the month of July. Most of the shorting took place prior to that...hence, the reason for that particular PR in March 06 that has the A/S, O/S, restricted...etc shares included in it.
GLTY and all, this is going to be an awesome run!
Posts: 59 | From: Huntsville Alabama | Registered: Mar 2004
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posted
Quick note from March 06 PR - Sulja Bros. will serve as the centralized and primary distributor of materials for all future projects. They recently posted earnings of $26M+ for fiscal year 2005 netting $2.4M. They currently have assets totaling more than $25M. This information will be available in detail as is practical according to an LFWK spokesperson, who also relayed that the financial reports' disclosure was forthcoming prior to finalizing the merger at Consultech's request.
It is projected that once Sulja Bros. settles into its new role, revenues should reach $200M annually within a twenty-four month period.
Posts: 59 | From: Huntsville Alabama | Registered: Mar 2004
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quote:Originally posted by networkdude: Wit, remember...that 55 shares short figure is only for the month of July. Most of the shorting took place prior to that...hence, the reason for that particular PR in March 06 that has the A/S, O/S, restricted...etc shares included in it.
GLTY and all, this is going to be an awesome run!
Your right network, thanks, that's the answer I was looking for, I forgot about that!
-------------------- ~You aren't wealthy until you have something money can't buy.~ Posts: 3070 | From: CT | Registered: Apr 2006
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posted
Wit, no probs bud! I am also asking myself that very question....Why on 55 shares, just too odd.
Posts: 59 | From: Huntsville Alabama | Registered: Mar 2004
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quote:Originally posted by networkdude: Wit, remember...that 55 shares short figure is only for the month of July. Most of the shorting took place prior to that...hence, the reason for that particular PR in March 06 that has the A/S, O/S, restricted...etc shares included in it.
GLTY and all, this is going to be an awesome run!
it should be so, since i remember that few guys on ihubs owned more then free float few months ago. i have even still 2 milions of shares, hope that that number of shares in free float hasnt changed.
Posts: 287 | From: prague | Registered: Jan 2006
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posted
Pepa z depa, you're exactly right! The Float has not changed a bit, the only thing that has changed was the A/S (from 500million to 800million, and that extra 300million was "only" reserved for reverse mergers and will be restricted when issued). So we are still looking at a negative float. For the most part, only 2 MMs were playing LFWK last week UBSS and NITE (hmmm, aren't they always involved in naked shorting? I do believe so). Shorts are toast and we even traded well over 100 million all last week.
Here's to a great up and coming stock!
Posts: 59 | From: Huntsville Alabama | Registered: Mar 2004
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posted
[QUOTE]Originally posted by networkdude: Shorts are toast and we even traded well over 100 million all last week.
See,..that's what I mean, 100 million traded just last week alone, then add this week to that, and we're only shorted 55 shares.....something is not right here.
-------------------- ~You aren't wealthy until you have something money can't buy.~ Posts: 3070 | From: CT | Registered: Apr 2006
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this is shorted 150-200 million shares, this was stated back in February by the ceo of lfwk's at that time, and the company insured themselves by insiders holding more than the entire float....i doubt these insiders sold there shares back, thus it is still shorted 150-200m++
hold on folks the next 3 weeks will be the penny ride of our lives x 1,000
GLTA
Longs in LFWK's, now SLJB Rule !!!!!!!!!!!!!!
Posts: 1551 | Registered: Feb 2006
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Do you think it's possible that Sulja bought the public vehicle from LFWK and LFWK will be a private company now?
Also, is there anyway of finding out if Sulja acquired 96% of the a/s with the vehicle? And, have you heard anywhere that Sulja will disclose they will 504, and liquidate the 96% of the a/s they acquired and then cancel the LFWK common before doing the 504 and registering Sulja common with the SEC?
These are bothersome remarks being made, that I would like to put to rest.
-------------------- ~You aren't wealthy until you have something money can't buy.~ Posts: 3070 | From: CT | Registered: Apr 2006
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quote:Originally posted by stocktrader22: Yea, I really believe with their tangible assets and everything that is going on that this is going to be huge!
Completely agree. Real company, real assets.
Also, tons of chatter about this on all boards I watch. The bullish sentiment alone will move this Monday, then once they release financials it will explode IMO.
Posts: 2741 | From: Seattle | Registered: Feb 2005
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quote:Originally posted by weekendwarrior1: is it monday yet?...lol...im ready to watch this baby soar....good thing i got a full day 2mrrw, Church and Golf.!!!!
Ha! I was thinking the same thing, used to hate it when the weekend was over, now I am always waiting for Monday! I golfed today as well in the beautiful Cascade mountains, good luck out on the links tomorrow. I'm going out again tonight, again to toast SLJB. And again, no one will no what I am talking about... Posts: 2741 | From: Seattle | Registered: Feb 2005
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posted
lol....im gonna drive one 300 for all folks who know where this one is headed...lol...and our tee time is at 6:45AM.!!! lol....gotta get in a round before it gets tooo hott...GLTA...!!!
-------------------- Dont take my advice, due your own DD Posts: 711 | From: Oklahoma | Registered: Apr 2006
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posted
I guess my question is what shares will be trading on monday. There will be a change to a new name and cusip number. Unless more shares are added who will be able to trade? I use Scottrade and it usually takes them a day or two to effect the change. So what will be tradeable on Monday?
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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posted
i have scottrade as well..not sure..ive heard some ppl say on prev name/ticker chngs only took a day or two...other said it went right in the next trading day..im not sure...quess we will know monday morning.
-------------------- Dont take my advice, due your own DD Posts: 711 | From: Oklahoma | Registered: Apr 2006
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posted
**** my funds arent settles yet..i hope still have time on monday,hope the MM manipulates more..heheh wait for me guys...i want to join the ride too... Posts: 158 | From: Phila,PA | Registered: Mar 2006
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posted
Nice! I found this on another board from a well-respected individual. (Ihub):
Just a FACT and yes there are ALOT more heavy weight players entering cause I have brought several ASSOCIATES in as of LATELY along with having them scoop up many of shrs when they were cheaper but they will FOLLOW my lead and were HOLDING out for the BIG pay days to come over next couple weeks/months/and maybe a yr or 2 never know here after all I've made alot of money in REAL ESTATE and it's kinda like buying property in my mind when buying SLJB(kinda)....
When I say several I can atest for several guys NOT here but Investors that have bought 6figs worth of STK ea..in SLJB
Posts: 59 | From: Huntsville Alabama | Registered: Mar 2004
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posted
Multitasking (aka busy, busy, busy).. http://biz.yahoo.com/iw/060728/0148689.html "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.
The Middle East:
http://biz.yahoo.com/iw/060726/0147814.html The construction in the UAE and the Middle East is projected to exceed 28 billion by the year end. Sulja Brothers is increasing its market share of these lucrative projects. The Red Sea Group has been very successful in obtaining new clients and projects. Our client base has grown tremendously through our relationship with the Red Sea Group."
http://biz.yahoo.com/iw/060517/0129924.html "We are pleased to sign another agreement with our friends in the Middle East. We have been doing business in the region for a few years now and this new project solidifies our presence even more.
http://biz.yahoo.com/iw/060501/0126164.html Sulja Brothers Building Materials, Ltd. will be involved in supplying building materials to Consultech Construction Management for a resort development on Al Reem Island in Abu Dhabi, UAE. Sulja will be involved in this project as a result of negotiations conducted in Abu Dhabi by Consultech Director-General Petar Vucicevich. "There is a real need for this relationship because of the lack of primary building materials on the Island, specifically, and in the Middle Eastern region generally," said Vucicevich. "As the parent company of both Consultech and Sulja Brothers, we have the unique ability to bring all the necessary parties together to undertake this project," he concluded.
http://biz.yahoo.com/iw/060421/0124378.html Steve Sulja in Windsor, Ontario announces today that Consultech Construction Management Inc.'s Director General Petar Vucicevich has been in the Middle East for the past 4 days completing negotiations for the land and construction of a 280 room exclusive luxury hotel on the Al Reem Island, in Abu Dhabi, UAE.
North America:
http://biz.yahoo.com/iw/060413/0123045.html Sulja Bros. Specialty Building Materials, Ltd., plans to construct and operate two automated, robotic-enhanced truss manufacturing facilities in the markets of Kitchner, Toronto, Ontario in Canada and in the Gulf Dale/Biloxi Mississippi area (both announced previously as target niche markets by a company spokesman). These operations will primarily supply the revitalization efforts in Toronto and the commercial facilities rebuilding campaign in post-Katrina Mississippi. The facilities basically automate and exact the process of framing and skinned-wall fabrication off-site for an assembly process that is less demanding in terms of committed resources at any given project location.
http://biz.yahoo.com/iw/060412/0122859.html Two post-merger projects with Sulja Brothers Building Materials, Ltd. have been slated for late-2006 starts. The first project, located in the Kitchner area of Toronto, Ontario, will feature conversions of older buildings into loft apartments and retail space. A company spokesperson explained that construction should commence within 120 days and be completed in approximately 18 months.
A second project will commence in the Gulfport/Biloxi region of Mississippi, and will focus on new construction in areas hard hit by Hurricane Katrina. A spokesperson for Consultech Construction Management, which will be over-seeing the project, stated that input from local experts would be sought to determine areas of greatest need for housing and commercial construction.
http://biz.yahoo.com/iw/060411/0122599.html Sulja Brothers Building Materials, Ltd first post-merger project. This project involves the development and construction of a state of the art lumber distribution center in the Detroit area.This project involves the development and construction of a state of the art lumber distribution center in the Detroit area. LoftWerks Chairman of the Board Dennis Ammerman will consult on the construction of the facility, and will utilize materials from this location for all urban revitalization projects in the Midwestern region of the United States.
http://biz.yahoo.com/iw/060315/0113357.html LFWK is in the process of securing two new buildings in Louisville, KY. The collective purchase price is $3.98M. The estimated net profit upon project completion is $1.8M.
http://biz.yahoo.com/iw/060227/0111248.html LoftWerks, Inc. today announced that its Ambrose Building conversion project in downtown Nashville is nearing completion. According to LoftWerks CEO Dennis Ammerman, the presales on the refurbished former office building have been outstanding.
-------------------- Sometimes I just want a NORMAL life? Posts: 652 | From: 90210 | Registered: May 2005
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Red Sea Group is located in Abu Dhabi, United Arab Emirates. Red Sea Group will introduce current LoftWerks/Sulja Abu Dhabi and Saudi Arabian projects to Middle Eastern investors in conjunction with the Investor Relations function.
Middle Eastern investors
"We have retained the services of Adam S. Gottbetter, the founding partner of Gottbetter & Partners, LLC," he said. "This is an internationally acclaimed Securities law firm,
LoftWerks/Sulja Bros. Complete Audit
The auditing firm, with locations in Canada, The U.S., and Europe finalized the process yesterday. A Sulja spokesperson stated that the transition to a public market could not occur at a better time. "Our merger into the LFWK public vehicle and the full slate of viable and on-going projects will allow us the opportunity to advance our presence into broader exchanges," said Steven Sulja, CEO of Sulja Bros. "Our ultimate goal is just that...to put The Company in front of a larger audience and prove our ability as a producer of long-term shareholder value."
International Lawfirm.........International Audit firm.....
the LFWK public vehicle and the full slate of viable and on-going projects will allow us the opportunity to advance our presence into broader exchanges
broader exchanges
exchanges
Connecting the DOTS!!..Its all in the Prs folks
Posts: 59 | From: Huntsville Alabama | Registered: Mar 2004
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posted
Below is an update of some thoughts that we can derive from the PRs as to the valuation of LFWK. Keep in mind that all of this is speculative until we see financials, Forms 3, 4, and/or 5, 8Ks, etc. filed with the SEC. The LFWK PRs are written in a very challenging tone daring any official regulatory authority to prove them wrong. I believe they are serious. I think it s just a matter of time before the market acknowledges its current, future, and potential value.
On 13 Mar 06, the PR below mentioned about two Insiders that represent 86 million shares that have agreed to return their dividend to the company. It also mentioned in that same PR that the quarterly cash dividend will be paid out on 114 Million shares. This leads me to think that the share structure is as below: http://www.knobias.com/individual/public/news.htm?eid=3.1.dee3d6222c8071331b33a7 aeed8dae331dcc8cc97f....
I will base my calculations on the above share structure presumptions. Replace whatever numbers needed to be replaced if for any reason they are later reported differently for better or worse.
On 13 Mar 06, one of their PRs also mentioned that they recently netted $2.4M out of $26M in Revenues for the fiscal year 2005. That s a profit margin of:
$2,400,000 ÷ $26,000,000 = .092 or 9.2% per million dollars
This means we can conservatively think that for every $1M made in Revenues, 9.2% of that will be netted as profit.
According to the company, we should soon see financials filed with the SEC to confirm a fundamental profit as shown below:
$2,400,000 ÷ 200,000,000 shares = .012 EPS
Using a conservative PE Ratio of 12 reflects below:
12 PE Ratio x .012 EPS = .144 per share
In that same PR released on 13 Mar 06, the company stated that it is projected that once Sulja Bros. settles into its new role, Revenues should reach $200M annually within a twenty-four month period.
People buy stocks because of their actual value and also because of their confirmed potential. If LFWK comes through with their financials to deliver what I posted above to confirm its fundamental value of .144 per share, then the market would normally react with a huge vote of confidence in the belief of its future potential that it is claiming. They would reduce the reasons for others to not believe what they have been claiming. Therefore, the anticipated Revenues of $200M annually within a twenty-four month period would reflect the potential fundamental value below:
$200,000,000 x .092 (9.2%) = $18,400,000 Income/Earnings/Profit
$18,400,000 ÷ 200,000,000 shares = .092 EPS
Using a conservative PE Ratio of 12 reflects below:
12 PE Ratio x .092 EPS = $1.10+ per share
This means that LFWK has the potential to grow into a fundamental value of being worth trading in the area of $1.10+ per share.
This means that given the $18,400,000 indicated as profit above and the profits of $1,800,000 from the Louisville, KY project, LFWK could potentially reflect a value as indicated below:
$18,400,000 + $1,800,000 = $20,200,000
$20,200,000 ÷ 200,000,000 shares = .101 EPS
Using a conservative PE Ratio of 12 reflects below:
12 PE Ratio x .101 EPS = $1.21+ per share
This means that LFWK has the potential to grow into a fundamental value of being worth trading in the area of $1.21+ per share.
Each unit will cost anywhere from $80,000 to $185,000 per unit. I will go with a middle conservative average of $132,500 per unit. That gives a conservative potential for Revenues made from this project to be:
$132,500 x 300 = $39,750,000 for Revenue potential
The net profit margin for this project is expected to exceed 28% from those revenues. This reflects profits at least in the amount of:
$39,750,000 x .28 = $11,130,000 in profits/earnings
Now if you were to apply this $11,130,000 potential for profits to the potential $20,200,000 for profits I posted above, please observe:
$20,200,000 + $11,130,000 = $31,330,000
$31,330,000 ÷ 200,000,000 shares = .15665 EPS
Using a conservative PE Ratio of 12 reflects below:
12 PE Ratio x .15665 EPS = $1.87+ per share
As I stated before, people buy stocks because of the facts that are brought out about a stock, but also because of the potential that has been revealed too. Right now, none of us are really officially sure as to where LFWK should be trading from unconfirmed potential, but once the financials are filed with the SEC to initially confirm the $2.4M in profits, then LFWK should immediately trade anywhere from .144 per share to $1.87+ per share based on actual and potential valuation.
Now throw in the fact the awarding of a quarterly cash dividend of .0025 per share and those prices should fundamentally shift to the right as more long term shareholders are obtained. I m not sure when they plan on implementing the cash dividend, but expect a huge increase in price once it shows up on the OTCBB dividend list to confirm validity even further.
The quarterly cash dividend will remind the guilty culprits behind naked shorting LFWK that it will cost them directly and quarterly in cash until they resolve the issue. Their fate will be to pay out to all illegitimate positions of LFWK the .0025 per share dividend on those positions due in which they failed to deliver. That could get quite expensive for masking a covering per quarter. The company would be responsible for paying out on the OS.
Overstock.com (OSTK) and other NASDAQ stocks trading at much higher prices than LFWK have not been able to force a covering of their naked short positions. I think LFWK has a chance because you can t fictitiously create cash to put in people s account as how the naked short shares are fictitiously created electronically. As the supply for LFWK shares further decreases beyond zero and the demand for LFWK shares continue to increase, things will become more and more interesting
-------------------- Sometimes I just want a NORMAL life? Posts: 652 | From: 90210 | Registered: May 2005
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