quote:OT: I simply state the facts in my last post and someone gives me a one star rating. lmao. must have ticked off somebody. [/QB]
I think there is a one-star bandit that runs around this board. Same thing happened to me in my first week with like 2 very neutral DD-ish posts. The amount of psychological devestation was excruciating Posts: 270 | From: Fullerton, CA | Registered: Mar 2006
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posted
Interesting how most outstanding PRs would still witness this stock price go down... Remember that fundamentals look really stellar. Please don't get emotional or you are dead meat at this game, as most seasoned investors would recall.
What is interesting is that the decision to enter the capital at 25% level from Wessal came 2 good weeks after the Red Sea Group commented on the outstanding profit rate. This comment was an early warning that the price was well undervalued. Then its parent company, Wessal, decides to buy for themselves.
Initially, the Red Sea Group was simply approached to take on the IR role. It made perfect sense considering the new market and contracts. By getting to know Sulja / Consultech and their executive team, it became aware of the profit potential and only then, its parent company, Wessal, decided to change its position. They decided to become shareholders for themselves as well. At this price, Wessal International is in a position to buy 25% of the company for roughly USD 10 million. Those well invested USD 10 million will generate for them roughly USD 24 million per year and climbing. How could they pass on this once they realized it? This is a win-win situation as Sulja needs solid allies in the UAE to maximize its share of contracts in the Middle East.
Now they need to buy 125 million shares. Even with the current volumes, it would most probably need a minimum of 10 business days as many individual investors are still actively buying. They might not even have started yet. Realistically, I think even with the large daily volumes their full transaction won't be complete before the end of August at the earliest.
Several persons legitimally asked what would be the reason for the executive team to go public using a reverse merger (old LFWK) as opposed to staying private. It is true that it would be easier for them to raise capital for adavances on coming mega-projects, but not in the short term. They have been clear and insistant on that on several occasions. They planned and clearly announced 300 million shares restricted for the next move. They have a calculated vision for this one. Still would remain one reason for the past reverse merge not yet mentioned.
- Who owns the shares?
Dennis Ammerman should still have 100,000,000 SLJB for once. Then the group of insiders has enough to talk about "naked short capitured capital" since March 2006. They will soon be worth way more than the old LFWK. This reverse merge was a huge personal benefit to those happy few. For Sulja executives as well, this operation put a direct market value to their ownership of a previously private company. The combined company is a good fit, which makes the merge successful and therefore financially more attractive. After all, those are human beings thinking of themselves too : )
- Also, the executive team seems determined to address the naked short problem once and for all, which obviously is holding the price back, and is working on a plan for more shareholders transparency (starting from dual listing on DIFI).
Longs do have friends and enemies. Friends here are the executives of the company, Wessal International, the fully-loaded insiders, and all the other longs. Enemies are shorters, and any unscrupulous MM having used the illegal naked short technique on this company in the recent past (we know the names).
I think they are seriously considering the NASDAQ but they "temporarily" lost the battle against the enemies although they showed one of the most amazing hands. Enemies are still in a very powerful position of control of the price. The surprise-effect should have sufficed to break the ice but it didn't. It will be a more progressive thaw, which is not really bad. This is artificial and won't last the long run.
To make money on the markets, we need to control our emotions and trust our instincts. There are weak hands and this is why stock manipulation can effectively scare most people. Then the opportunists inflate the trend by flipping, which is a dangerous game as one day they will miss the boat. Not worth it. Just have some rest, disconnect for a couple of weeks, don't listen to rumors once you are comfortable with your research.
Posts: 21 | From: Canada | Registered: Aug 2006
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quote:Originally posted by bikerider: i believe they have two more major moves left. the ccm merger and the divy. the third one might be a buy out of some sort, less likely. i don’t know if audited financials will have a major impact here. one big mistake they’ve made, being behind with the paper work.
what ccm merger and what divvy, I have not been following this board, someone please explain.... Posts: 52 | From: California | Registered: Aug 2006
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posted
Why isn't the PPS moving up? It's quite simple. Wessal is buying 25% in the open market. Does anyone believe that they are stupid? If I were taking a major position in a stock and knowing it was undervalued and would eventually move up. I would contiually put in large orders on the bid or below. It makes no sense to keep buying on the ask forcing the price up. If they save just a penny a share by doing this, let's see 125M shares X .01= 1,250,000. Not chump change by anyone's standards. Doesn't this make some sense?
GLTA Wally
It is as simple as that.
And 2 others have said it before. I'm with you man.
Enough said.
"YOU PAY YOUR MONEY YOU MAKE YOUR CHOICE"
Posts: 46 | Registered: May 2006
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posted
No one is scaring anyone into not buying,,,,,,,,anyone who starts clipping basher definitions verbatim and posting them, is just part of the not so unique and not so free thinking world..
If your here in another 15 years, i'll bet you will know what i'm talking about...
Hey honestly, where is Anderson? And what was in it for him...I never got answers from him..
Posts: 793 | Registered: Aug 2004
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Posted by: Han2004fl In reply to: None Date:8/10/2006 12:29:27 AM Post #of 37164
What is up with Round-Table bashing/raise doubts tonight by so many posters?
The issues brought up were discussed many times and so on.
1) Naked shorting is a real problem and the company is working on a plan to solve the problem
2) If the company has control over current O/S, shares retailers and Wessel bought will either coming from naked shorted shares or the company. But the company says it is not going to dilute, therefore shares will come from naked shorting.
3) There will be a point when naked shorts need to cover. This will push the price up so high and those shorties will go to the company asking the company to release shares it has control over to cover the short. That is what investors here are hoping for.
As we all know that 300 millions out of 500 millions are restricted, therefor 200 millions are to be in float. The company also said that 50 millions of those 200 millions are held in certificates, there for 150 millions left to be certificated.
If Wessel to buy 125 millions and certificate them, that will have 25 millions left in float that is not certificated. Those 25 milions are to be in tradable floats. But as far as we know, they company control a lot more than 25 millions by insiders.
4) Dividend will not force naked short to cover. If the estimate of 180 to 230 millions shares naked shorted is the real number, it will cost naked shorts only $2 millions or so to pay for dividend of $.01 a share. They can afford that.
5) I believe that .10 is very important price and MMs don't want it to close over that. .10 a share will put market cap at $50 millions which is the minimum requirement to be list on Dubai exchange. If this company is dual listing, naked short will be force to cover. Margin call will take place. At certain point they will be FORCE cover at any price the holders/company want. That can be $10 a share or higher if the company (including Wessel) decide to do so since they have control more than the legal shares.
6) What will happen if after Wessel requests certificates and they got only 50 millions in certifiates and TA said NO MORE... ALL CERTIFICATES WERE OUT. That is going to be a smoking gun case. This is going to expose naked shorting and the corruption in the system. Many parties are going to have to answer lots of difficult questions. Some will go to jail.
It seems NITE is the worst one of all. If after all the retailers sold and NITE has 50 millions naked shorted shares and the company is not releasing shares to cover till they get $50 a share, NITE could go bankrupt. That is $2.5 billions. Of course, I don't think that will happen but $10 a shares I think it's possible. That is $500 millions. That would be a nice chunk of CAPITAL for Sulja Bro. to capture many bigger projects in the future. Remember $28 billion in construction in Dubai area in the next 12 months. If Sulja has $500 million to start with, they can OWN a lots of properties as well. That's in Wessel and Red Sea Group's expertise: properties/hotels management.
Remember Emmar? It went IPO on July 23. It was oversubscribed by 4X, all shares were sold in 3 days. Think about SLJB goes to Dubai exchange ... with the strong fundamental and relates to Emmar .. it's going to FLY. This will get naked shorts to cover. Right now they don't have to cover yet since there is no such pressure.
In all, i wish i could add more. But I am alright with what I have righ tnow. You know bashers are bashing hard and MMs keeps this low and under .10 for reasons. Don't give your shares away. Sulja Bros businesses are real. Emmars and Red Sea Group's bussiness are real.
If this were other pinks, we would have been in Dollars by now.
Posts: 1091 | From: Brugge, Belgium / Dallas TX USA | Registered: May 2006
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posted
I have money to purchase more shares today. If the MMs walk this down more I am buying.
Posts: 2309 | From: Minnesota | Registered: Feb 2006
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posted
Good Morning folks. What will happen with this crazy pinky stock today??? We shall see.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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posted
Premarket Bid 1 x .08 Ask 2 x .09. If this follows the same pattern the MMs will walk this up in the AM snd bring it down later in the day,
Posts: 2309 | From: Minnesota | Registered: Feb 2006
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quote:Originally posted by djg7: Premarket Bid 1 x .08 Ask 2 x .09. If this follows the same pattern the MMs will walk this up in the AM and bring it down later in the day,
Wouldn't it be funny if it didn't follow the same pattern and all the individuals, who decided to try the flip today end up chasing. HA, I would laugh my a$$ off. Let's hope for a good day today. -Cassity
quote:Originally posted by djg7: Premarket Bid 1 x .08 Ask 2 x .09. If this follows the same pattern the MMs will walk this up in the AM snd bring it down later in the day,
you see that pattern too huh Posts: 337 | From: NJ | Registered: Mar 2006
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posted
I'm thinking it goes down right away with little to no gap then slowly moves up during the day to either close even or slightly in the green.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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posted
I dont see it going down that far bud. People that have been watching this stock would be fools to sell at this level right now
Posts: 596 | From: Kansas City | Registered: Jul 2006
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-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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Does the whole terrorism thing in England have anything to do with the market today?
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
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