posted
0.06.. not bad.. cant predict fridays.. close wasnt as strong as expected though.. but hopefully dip tomorrow and run upwards.. GLTA!
Posts: 66 | Registered: Jun 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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posted
ok, I'll try not to sound like a basher, I have a position in this still, but how come each and every time tons of buys came in at the ask, the ask would not uptick, yet 1 or 2 sells and the bid would downtick? And then when you look at the intraday charts, you see those dips with 1 million block trades in every dip. Isn't it possible (!) that insiders (or at least people with HUGE amounts of shares) are selling? Just think about it, we had all these great PRs, fantastic financials (imo) and we go down 20% a DAY, that's NOT RIGHT! There's no reason for the stock to go down that much. How come the ask isn't upticking like it should with buying pressure? Some say it's MM manipulation (but is there really any way to tell?), it sure is starting to look like a pump and dump (not saying that's what it is, it LOOKS like one), and you cannot deny that. I follow this every friggin' minute, and all you see is tons of buys at the ask and the ask will NOT uptick. If you think logically that would mean there's a big seller at the ask. And then you see those 1 million block trades in every dip, what's up with that? Is it really "short covering" as most are saying? These trades happened under the bid after all, can covering happen UNDER the bid?!
Just something to think about.
I guess you'll get angry now and call me a basher, I do have a position in this, and I'm red like many others here. I just want to hear what you guys think, I hope someone here can prove me wrong. Don't give me the "just look at the PRs", I've seen them. I look at the trading activity, and the way this stock is trading now is NOT good
Posts: 1091 | From: Brugge, Belgium / Dallas TX USA | Registered: May 2006
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posted
Who would be pumping though. What benefit would it be to sljb to send their stock tanking?
Posts: 596 | From: Kansas City | Registered: Jul 2006
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posted
camelboy, that's what I'm wondering too, the PRs make it seem like this company really wants to make progress, yet the trading activity does not reflect that in any way, and that's what's confusing me...
imakemoney, I'm long and I just hope people don't get mad at other people questioning their stock. I don't rule out market maker manipulation, but a 20% loss each day? After good news no less! That just ain't right...
Posts: 1091 | From: Brugge, Belgium / Dallas TX USA | Registered: May 2006
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quote:Originally posted by Hannibull: camelboy, that's what I'm wondering too, the PRs make it seem like this company really wants to make progress, yet the trading activity does not reflect that in any way, and that's what's confusing me...
People are buying on the PRs, selling on the profits. It also seems that some of the posts made here freak some of you guys out and you sell.
Once the audited numbers are announced, you'll remember why you are here.
Posts: 337 | From: NJ | Registered: Mar 2006
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posted
I don't know weekend, why would the ask not go up after buys of hundreds of thousands of shares? I'm just asking, is it possible?
Posts: 1091 | From: Brugge, Belgium / Dallas TX USA | Registered: May 2006
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posted
its the bizarro world..lol..i thought the stocks go up when lots of ppl buy and down when ppl sell...so many times the ask gets hit and still nothing...im speechless...thats why im gonna forget i own this stock, set some alerts and go work on my golf game.
-------------------- Dont take my advice, due your own DD Posts: 711 | From: Oklahoma | Registered: Apr 2006
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posted
JMHO: SLJB is selling 25% of the company to Wessal Int. "ON THE OPEN MARKET." Doesn't that mean that SLJB sells blocks of millions of shares and then Wessal picks them up for the same, or even a little bit of a better price??? That's why the stock is going down somewhat.
I just placed a call to the "new call center" to inquire about how many more shares Wessal still has to purchase. I'll keep everyone updated...
Posts: 58 | From: London | Registered: Dec 2005
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quote:Originally posted by Hannibull: I don't know weekend, why would the ask not go up after buys of hundreds of thousands of shares? I'm just asking, is it possible?
i sold some today, and tell you i had to sell at bid or under as none got filed at ask or above bid. that's weird ppl buy at ask but if you want to sell you can't, you have to go under ask to get filled.
Posts: 122 | Registered: Mar 2006
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posted
weekend, I hope you don't think I'm a basher, I'm just questioning the trading activity of the past week. To be clear, I'm not ruling out MM manipulation, this is the pinksheet exchange after all and the MMs can do whatever they want. Maybe those 1 million share trades are covers and not sells, maybe it's Wessal buying, who's going to tell? It just seems unlikely since those trades happen under the bid (but again, pinksheets, everything is possible, let's not rule it out), but then that in combination with the ask that won't uptick with tons of buys, it all just seems like someone is dumping big time, it doesn't take much brains to realize that. IF it's MM manipulation then they're very good at confusing us longs.
My point is, there isn't really a way to find out what is really happening, we can only guess, meanwhile we deal with a discrepancy between current trading activity and the way it SHOULD trade based on recent PRs
Posts: 1091 | From: Brugge, Belgium / Dallas TX USA | Registered: May 2006
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posted
no way man, i dont think ur a basher...i seriouslly cant fig it all out myself...but im still happy and confident w. my own DD...in the long run its worth it..but i dont unferstand the day to day trading....
look at this.
http://investprofit.b l o g s p o t.com/2006/08/what-walkdowns-looked-like-today.html
-------------------- Dont take my advice, due your own DD Posts: 711 | From: Oklahoma | Registered: Apr 2006
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posted
To all Newbies/Bashers here read the Interesting Old Prs, now you may not find in SLJB
To all NEWBIES/bahsers-,read this Interesting!!
Old Prs!!Read 4th 5th 6th and filing are in 7th one:
Ist one:
LoftWerks Announces Resignation of CEO: Successor to Begin Tenure Immediately
NASHVILLE, TN, Apr 18, 2006 (MARKET WIRE via COMTEX) -- LoftWerks, Inc. (OTC: LFWK) today announced that the planned resignation of CEO Dennis Ammerman had been accepted pursuant to its merger plans and reorganization concept. Mr. Ammerman will relinquish day-to-day control of operations immediately, and be succeeded by new CEO Steve Sulja. "I am happy to hand things off to such a capable leader," said Ammerman. "I believe that Steve will ably handle the post-merger challenges and opportunities that will arise for our new ventures," he said.
Sulja, 38, is currently Director of Sales and Marketing for both Consultech Construction Management, Inc. and Sulja Brothers Building Materials, Inc., which are both principal players in the post-merger entity which will be created. "I am so excited by the opportunities inherent in this new venture," he said. "I believe that we are creating something really special for our shareholders, and I can't wait to address the challenges and possibilities which await."
SOURCE: LoftWerks, Inc.
2nd One:
LoftWerks (LFWK) Announces New Projects in the Middle East Region
WINDSOR, ON, Apr 21, 2006 (MARKET WIRE via COMTEX) -- New LoftWerks (OTC: LFWK) CEO 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.
Tracey Banumas, Director of Operations for CCMI stated that the cost of acquiring the land on Al Reem Island is $29M, cost of construction of the luxury hotel is estimated at $645M, both the land and financing for this project have been secured as of yesterday. The anticipated start date on the hotel construction will be mid 2007, and to be completed by mid 2009. Abu Dhabi, United Arab Emirates is one of the busiest and fastest growing areas in the world. Average hotel occupancy rates in Abu Dhabi are over 92%, and increasing steadily with the onset of businesses moving into the new hub of the Eurasian market.
Vucicevich states that expanding Consultech's business reach into the Middle Eastern market is gaining momentum, and further ventures and business opportunities are underway for this region.
Contact: Kore International Management Inc. 1-866-658-KORE SOURCE: LoftWerks, Inc.
3rd One
Sulja Brothers Names Officers and Interim Board of Directors to Complete LFWK Merger
WINDSOR, ON, Apr 25, 2006 (MARKET WIRE via COMTEX) -- LoftWerks, Inc. (OTC: LFWK) today announced that its post-merger partner, Sulja Brothers Specialty Building Materials, Ltd., has appointed new officers and directors in anticipation of combined operations. Heading the company as its new Chief Executive Officer will be Steve Sulja. Mr. Sulja is currently Director of Sales and Marketing for both Sulja Brothers and Consultech Construction Management, Inc., positions he has held for the past ten years.
The company also has named Leo Joseph Meloche to serve as President. Mr. Meloche is currently Comptroller of Sulja Brothers, a position he has held for the last eight years, and brings a wealth of financial and management experience to the position. The final announced appointment is the naming of Leslie A. Budway to serve as Secretary. Ms. Budway is currently in-house credit analyst for Sulja Brothers, a position she has held for six years.
All three officers will also serve as Interim appointees on the company's Board of Directors. "We will serve in this capacity until all of the merger details have been completed," said Sulja. "When input has been received from all of the post-merger entities -- LoftWerks, KORE International Management, Inc., Consultech, and Sulja Brothers -- we will be naming a permanent Board of Directors that can successfully and efficiently guide our combined efforts."
SOURCE: LoftWerks, Inc.
4th One LFWK: Sulja Brothers Announce Agreement With Consultech for Building Materials in Middle East
WINDSOR, ONTARIO, May 01, 2006 (MARKET WIRE via COMTEX) -- LoftWerks,Inc. (OTC: LFWK) today announced that 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.
A company spokesperson stated that the project is expected to generate $130M in revenues over the next two years. "The initial agreement calls for us to provide primary building materials such as lumber and masonry," he explained. "We expect ancillary products to spin off additional revenues that could reach the $300M mark within three years," he said.
SOURCE: LoftWerks, Inc.
5th One
LoftWerks/Sulja Releases Exchange Move Progress
WINDSOR, ON, May 05, 2006 (MARKET WIRE via COMTEX) -- LoftWerks, Inc. (OTC: LFWK) announces that it will file its Form 10 registration for the NASD OTC bulletin board with the Securities and Exchange Commission within the next 14 business days. With the announcement of the completed merger and audited financials, Loftwerks has positioned itself for the Form 10 filing.
LoftWerks (LFWK) intends to respond to all comments from the SEC in a timely manner in order to become a fully reporting Company. The Company's Attorneys and Certified Public Accountants are experienced in the exchange move process and are ready to expedite it. LoftWerks (LFWK) management feels that the filing will provide the investing public with current information on its business activities and performance.
CEO Steve Sulja commented: "Months of hard work are finally yielding the filing for Loftwerks first exchange registration filing. The process has been challenging and rewarding for all involved. The document filing will be our best work yet in achieving the shareholder value and recognition for the projects we have acquired." SOURCE: LoftWerks, Inc.
6th one: LoftWerks/Sulja Bros.: Render Filings to Complete Merger
WINDSOR, ON, May 11, 2006 (MARKET WIRE via COMTEX) -- LoftWerks, Inc. (OTC: LFWK) today announced that Sulja Brothers Building Materials, Ltd. has posted the necessary filings to finalize the merger agreement it has in place with the Loftwerks, Inc. (LFWK) public, and that the entire process should be completed in only a few days.
Counsel, the Gottbetter Firm in NYC, has submitted the required SEC documentation, namely the form 15C(211). A Sulja spokesperson stated that the transition to a public market should not occur later than 5-7 days from now. "Our merger into the LFWK public vehicle allows 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."
All financial reports and filings will be available for public viewing on The Company's web site at http://www.sulja.com.
SOURCE: LoftWerks, Inc.
7th one LoftWerks/Sulja Bros.: Render Filings to Complete Merger
WINDSOR, ON, May 11, 2006 (MARKET WIRE via COMTEX) -- LoftWerks, Inc. (OTC: LFWK) today announced that Sulja Brothers Building Materials, Ltd. has posted the necessary filings to finalize the merger agreement it has in place with the Loftwerks, Inc. (LFWK) public, and that the entire process should be completed in only a few days.
Counsel, the Gottbetter Firm in NYC, has submitted the required SEC documentation, namely the form 15C(211). A Sulja spokesperson stated that the transition to a public market should not occur later than 5-7 days from now. "Our merger into the LFWK public vehicle allows 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."
All financial reports and filings will be available for public viewing on The Company''s web site at www.sulja.com.
SOURCE: LoftWerks, Inc.
ref: Loftwerks 15c211 that has been filed with the NASD:
8th One Sulja Finalizes Acquisition of LFWK Vehicle
WINDSOR, ON, Jun 01, 2006 (MARKET WIRE via COMTEX) -- Sulja Bros., Ltd. (PINKSHEETS: LFWK) today announced that its new ownership of the LoftWerks (LFWK), Inc. public vehicle has been finalized by the Board of Directors, and their legal counsel, the Law Firm of Gottbetter and Partners, LLC. All final documents have been executed and forwarded by the law firm awaiting final approval from NASDAQ.
Sulja Bros. will immediately target a broader exchange such as the OTCBB or even NASDAQ. Investors with questions about this ongoing concern can contact Gottbetter and Partners office or Kore International Management Inc at 1-866-658-KORE.
Share restructuring and distribution is currently finalizing with a new serial number and CUSIP. This process should be completed within a week. Any changes in the transaction, including the new ticker symbol and CUSIP number will be posted on the Sulja Bros. website ( http://www.suljabros.com )
This company AWESOME! Hold on to it!!
Posts: 6 | Registered: Aug 2006
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quote:Originally posted by littlerichy: JMHO: SLJB is selling 25% of the company to Wessal Int. "ON THE OPEN MARKET." Doesn't that mean that SLJB sells blocks of millions of shares and then Wessal picks them up for the same, or even a little bit of a better price??? That's why the stock is going down somewhat.
I just placed a call to the "new call center" to inquire about how many more shares Wessal still has to purchase. I'll keep everyone updated...
Ding Ding...We have a winner. Good post
And please let us know what you find.
Posts: 337 | From: NJ | Registered: Mar 2006
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posted
ok i get it. so once all of wessals buying is over with, this down trend should come to an end?
Posts: 596 | From: Kansas City | Registered: Jul 2006
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posted
If that be the case demand will skyrocket along with pps after Wessal Int. is done buying. This can also signal we should be buying with Wessal Int. and the MM's while they accumulate their shares. I will buy a few more shares and average down before the audited financials are officially released. Do your DD on this monster!!!
-------------------- I buy fast and sell faster! Posts: 2018 | Registered: Jan 2006
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JMHO: But, yes, (I think) it will CLIMB!!! We just need to be patient with this selling/buying crap, for a few more days. I think they are averaging 10-20 million sahres per day, so this could go on well into next week. Hopefully it doesn't go too much lower until then!
Be patient with this GREAT "penny" stock, GLTA!
Posts: 58 | From: London | Registered: Dec 2005
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posted
I just got a good spanking on the other board by Purl, and it felt so good it caused a spike in my intellect. It won't last long so I need to put it to use. (sort of like my post over there) But I digress-----. If we assume two things to be true; One, that there are millions of shares short, and Two that Wessel is buying millions, then it makes sense that the shorts are getting rid of their shares and Wessel is buying them. All they had to do was put up big blocks at a low number when the buying slowed and the MM's took it down to where the action was. Oh,Oh, the spike is gone so this may not make sense at all. Anyone?
-------------------- If you don't have instincts, get out. If you do; go with them. Posts: 262 | From: Florida | Registered: May 2005
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quote:Originally posted by littlerichy: E30TECH, Camelboy, and MoneyMoneyMoney...
JMHO: But, yes, (I think) it will CLIMB!!! We just need to be patient with this selling/buying crap, for a few more days. I think they are averaging 10-20 million sahres per day, so this could go on well into next week. Hopefully it doesn't go too much lower until then!
Be patient with this GREAT "penny" stock, GLTA!
No need to tell me my friend. I was in this last year Posts: 337 | From: NJ | Registered: Mar 2006
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quote:Originally posted by MoneyMoneyMoney: If that be the case demand will skyrocket along with pps after Wessal Int. is done buying. This can also signal we should be buying with Wessal Int. and the MM's while they accumulate their shares. I will buy a few more shares and average down before the audited financials are officially released. Do your DD on this monster!!!
Thats why I bought in today at 12:03 Posts: 337 | From: NJ | Registered: Mar 2006
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posted
Have you heard of the Offer-and-Demand theory? Let me illustrate the situation...
Imagine a Rolls Royce seller in Abbu-Dabi.
It has 500 Rolls-Royce to sell, like you can easily spot in the streets of Abu-Dabi on a sunny day (they are almost all sunny out there at this lattitude). Even the Burj El Arab (only 7 stars hotel in the world) does offer Rolls-Royce service to its customers, as the Sheraton would offer a Limo in your neighborhood.
With time, some very successful customers buy most of them. They are so nice that the car-dealership owner decides to keep 100 for himself and his extended family. Remain about 30 of them in full-display under very bright and elegant spotlights at the dealership shop in the center of Dubai.
Comes a very (and I really mean "very") rich Saudi, who wants to buy 125 of them on the spot! He is well known around to have large and generous pockets.
"Please accept my apologies, your highness, but those 30 Rolls-Royce are all what is left!", the dealership owner tells him.
The Saudi prince is quite upset as he is not accustomed to such an answer. "Find them! Name your price!", he replies.
"But sir, I am afraid that I can't invent them... If money is no object, I can certainly pass the word to my previous customers and some of them might decide to resell you theirs, with of course substantial benefit."
"Fine! I really want 125 Rolls-Royce. Nobody has ever said 'No' to me. Since I am still missing 95 of them, I shall reward each of your previous owners that makes the decision to sell their car to me the equivalent of their weight in pure gold!"
Some of the previous and very successful customers are rather heavy, some are on a diet. All in all, demand and supply rules naturally applying in such a situation, and the rich Saudi Prince finally gets his 125 cars for about 10 times their value, which is actually already very high.
The story described above is the normal and classical economy. Nothing out of character here.
Let's raise the curtain a little more...
Imagine to simplify 500 persons in the USA who each buy a Toyota Corolla. In fact, they each have USD 22,000 $, which was a little shy of the real price and so each bought a car without the wheels. That's ok, they think, as we'll buy the wheels with some savings next month.
Suddenly, there is an anounce which says "As a gesture of gratitude to our dear and valued customers, each and every owner of a Toyota Corolla bought from this dealership without wheel (and no matter which scratch you might have made to it since) will receive annually one brand new and shiny Rolls Royce!". What an opportunity! Those Corolla are suddenly very special and rare objects of collection. "One free Rolls-Royce a car as long as I keep my old Corolla? Let's make sure nobody steels mine! I won't sell it at less than the price of my house!" think the happy customers.
Wouldn't you take the same decision???
Now let's come back to our dear SLJB.
Imagine to simplify 500 investors. They each bought about 1 million of the old LFWK at about 2.2 cents, like I did. After all, this is roughly the price of a Toyota Corrola (very good car by the way, excellent mechanics). In fact, 22,000 $ is a little bit shy of the real price. Gradually they realize how well inspired they have been. An announce is made that each owner of a million shares will receive 1 million x 19 cents each year (actually the reccurrent reward will most probably increase with years) for life, which is around USD 200,000 $, which is the price of a brand new Rolls-Royce.
The company decides to display the very few remaining float under very bright and elegant spotlights at the DIFI in the center of Dubai. Comes a very (and I really mean "very") rich Middle east company, called Wessal International, who wants to buy 125 million shares (25% of the total). There is only a very few left, and SLJB publicly states that they won't generate more shares to accomodate the drastic demand increase. Wessal International fully agrees to buy them in the open market.
By now you should be used to it... The price explodes! 19 cents a share? And this is just for one year? USD 2 $ is the minimum.
Hello? Back to our unreal story: ...and suddenly we hear that the company has stellar fundamentals, is going to generate 19 cents a share, there is almost no float leaft, a very serious and powerful company is buying everything in the open market, and so... the price is suddenly shifting from the insignificant 14 cents to... what do we read here?... Sorry, let me take my glasses... Is that 6 cents that we can read this EOD??? Wake up! Is this reality or a bad dream??? Can those sellers donate their brain to science, for fuure studies?
Posts: 21 | From: Canada | Registered: Aug 2006
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quote:Originally posted by leavenart: I just got a good spanking on the other board by Purl, and it felt so good it caused a spike in my intellect. It won't last long so I need to put it to use. (sort of like my post over there) But I digress-----. If we assume two things to be true; One, that there are millions of shares short, and Two that Wessel is buying millions, then it makes sense that the shorts are getting rid of their shares and Wessel is buying them. All they had to do was put up big blocks at a low number when the buying slowed and the MM's took it down to where the action was. Oh,Oh, the spike is gone so this may not make sense at all. Anyone?
what do you mean by "it makes sense that the shorts are getting rid of their shares and Wessel is buying them". aint they suppose to buy to cover?
Posts: 122 | Registered: Mar 2006
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posted
Yes, I was unclear. The lack of volume while waiting for financials and the 'big blocks' at say .05-.06 brought the price down. It just happens that it serves as a chance for both to get what they want. It's the only thing that I can think of that explains why we are so low. There's buying presure, but it's all at five cents.
-------------------- If you don't have instincts, get out. If you do; go with them. Posts: 262 | From: Florida | Registered: May 2005
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the price has come down to accomodate the 25% share purchase by wessal, int. and in return they (sulja & wessal) will raise it back up when there(wessal) done buying, with Pr's and audited financials
a win, win , win situation in the near future
tough to have the price down now, but good time to reaccumulate if you can afford to, cause it's only temporary
***do your homework** Ohio_Trader
Posts: 1551 | Registered: Feb 2006
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