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
Why not to buy 25% of company on market that is supposed to be short, then issue contemplated dividend and watch what naked capture capital can do? It will be more rewarding then selling stocks back to the market for sure :-)
It would be great if someone can call to SLJB and ask them, how its possible that "Wessal International is purchasing 25% of Sulja Brothers in the open market "when insiders still own MORE stocks than the legally available" ?
Posts: 287 | From: prague | Registered: Jan 2006
| IP: Logged |
posted
I believe it happend after the name change and the release of some very nice financials. They werent audited by outsiders yet however like everyone is waiting for
Posts: 596 | From: Kansas City | Registered: Jul 2006
| IP: Logged |
Wessal International, Parent Company of the Red Sea Group, Announces Joint Venture With LoftWerks/Sulja
LoftWerks/Sulja (PINKSHEETS: LFWK) today announces that Wessal International, parent company of Red Sea Group which has been handling all investor relations and promotion of LoftWerks/Sulja in the Middle East, has full intention to move forward with a joint venture.
Wessal International is an internationally renowned company whose portfolios include everything from oil allocations to construction. Wessal International President Ahmed Khalil Al-Muslmani states: "The potential of Sulja Bros. in the Middle East is phenomenal. We believe that the parent company would be better suited to manage the investor relations and promotion of this entity in our region. Therefore, we are happy to announce this new venture." He also stated: "We will move quickly and efficiently to ensure that we claim our portion of the revenues from all the construction that is happening in this region. We are certain that this will enhance confidence for everyone involved with Sulja as well as Wessal International." Documents necessary for this new venture are expected to be signed and finalized within a few weeks.
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 results 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.
quote:Originally posted by Camelboy: I believe it happend after the name change and the release of some very nice financials. They werent audited by outsiders yet however like everyone is waiting for
Right...Now what bad press came out to make the stock drop?....
Posts: 337 | From: NJ | Registered: Mar 2006
| IP: Logged |
quote:Originally posted by Camelboy: I believe it happend after the name change and the release of some very nice financials. They werent audited by outsiders yet however like everyone is waiting for
Right...Now what bad press came out to make the stock drop?....
Bad news isn't the only thing that makes penny stocks go down. Many Day traders live by the rule "Buy on Rumor Sell on News" And SLJB had a few good PR's. The good news is with the day traders out of the way, the new buyers will be longs and Wessal International, and not have the intention to sell soon.
Posts: 2321 | Registered: Aug 2006
| IP: Logged |
posted
The only bad press was the fax blast thing which some people sold because they figured it would take a dip when people learned of it. Then more good prs came and it went back up again. People decided to flip and sent it back down so they could buy more shares. Right now it appears to be going down because of the 25% buy into the company. Someone else said earlier that they believed the company was making big blocks of sales into the open market sending the price down where then the new invester is buying the blocks at a lower price. Thats why we are seeing so many million share blocks of buys and sells. Once this is finished which could be now, dont know, it should begin to rise again
Posts: 596 | From: Kansas City | Registered: Jul 2006
| IP: Logged |
posted
"Buy on Rumor Sell on News" That is a very good point, which is part of my thinking....
The Fax Blast PR made me sell. I thought I might have made a mistake, especially after seeing the price go up the next day (about 8% more than I sold). No big deal since I made a decent profit.
I started thinking - and recalling everything that has happened since I bought LFWK last year. A lot of people sold, but I held since I had a good feeling on it. I bought in again today because there is just too much that has happened within the past few weeks to not be in this stock. You have to expect some of the downs with the ups. Its been said already, but we are about 3x what we were a month ago. I knew we would see 6's (and even high 5's if you look at some of my previous posts), but I think we are about to bounce back again. A PR would help, but a PR with audited financials is what we really need.
Don't buy into other people's BS either. Take a break from here and recall all that you have researched.
There is another saying too Ace...there is no money to be made by panicking.
Posts: 337 | From: NJ | Registered: Mar 2006
| IP: Logged |
posted
Posted by: Art2Gecko In reply to: None Date:8/10/2006 3:01:17 PM Post #of 702008
YOU GUYS WILL LIKE THIS ONE...
IPRE president James Hergott, in an email stated that these MM's (UBSS no doubt) are trying to extort them into going through with the reverse split that they cancelled a couple weeks ago before the online buying restrictions were implemented..
I suggested such a letter early on but I was overruled by Ken and others who stated that it could cause a panic because a great deal of shareholders who don't trade online have no idea about the restrictions. The concern is that even though we could state that the company did nothing wrong, the perception would be that maybe there is something wrong with the company and the uncertainty will cause a sell off. Our Angels (investors putting up millions of dollars for our movies rather than selling shares on the open market) are seasoned and experienced and advised Ken against this action. As you know, those who have the gold, make the rules.
We have received some information from a source that I can not disclose that in order to have the restrictions lifted, we would have to go through with the RS. This makes no sense to me because MUME and SEVERAL other stocks have restrictions and have nothing to do with an RS. So far we are getting a lot of mixed signals from Brokers, none of which make sense. It does appear as if the brokers took this action at the request of the MM's. If I find out anything more I will do my best to inform shareholders.
All the best,
James
What do you know, UBSS, i knew him and night were shady
Posts: 596 | From: Kansas City | Registered: Jul 2006
| IP: Logged |
posted
Glad you've come back over to the good guys E30tech! I've held well past my comfort level based on my DD which tells me that nothing could keep this down except dilution and they have pr'd that dilution is not going to happen. I choose to believe them until they give me a reason not to. These down trends have been annoying, but I am holding waiting for the payoff.
-------------------- "I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell Posts: 4190 | From: Rhode Island | Registered: Mar 2006
| IP: Logged |
I see you are reading other people's tripe on the other boards. That'll end up f-ing you up!
Posts: 337 | From: NJ | Registered: Mar 2006
| IP: Logged |
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
Why not to buy 25% of company on market that is supposed to be short, then issue contemplated dividend and watch what naked capture capital can do? It will be more rewarding then selling stocks back to the market for sure :-)
It would be great if someone can call to SLJB and ask them, how its possible that "Wessal International is purchasing 25% of Sulja Brothers in the open market "when insiders still own MORE stocks than the legally available" ?
****keep in mind, loftwerks issued additional shares prior to the symbol change and merger, i think this was planned to sell these to wessal...guess time will tell very soon......why would they pay .15 a share if they are buying 25% of the shares, they are getting a discount which i'm sure was already planned out
posted
me too. it would make sense with such a good buy for them to want the share price to fall so they can get in for cheaper
Posts: 596 | From: Kansas City | Registered: Jul 2006
| IP: Logged |
لم تقم بتسجيل دخولك. قم بتعبئة النموذج في أسفل الصفحة وحاول مرة أخرى. ربما لا تملك الصلاحيات للدخول لهذه الصفحة. هل تحاول تعديل مشاركة غيرك, أو الدخول إلى لوحة التحكم الرئيسية؟ إذا كنت تحاول إضافة مشاركة , فيبدو أنك موقوف من الإدارة , أو أن حسابك بإنتظار التفعيل.
Posts: 337 | From: NJ | Registered: Mar 2006
| IP: Logged |
posted
Interesting..I got this off of Ihub. This actualy seems like a duplicate of whats happening to SLJB....
Global Online India, trading under the symbol: GOLX on the OTC: BB, who launched its Indian internet portal and started trading on the over-the-counter bulletin board market only weeks ago, today asked the United States Securities and Exchange Commission (SEC) to immediately start an investigation into the possible market manipulation and potential fraud concerning the trading of the company’s stock by OTC: BB market makers.
Although the GOLX stock has been up over 1200% in the last six weeks, following a recent merger and a 200% stock dividend, the company claims that mysterious “block trades” have possibly been “crossed “ or “washed” by some of the stocks’ market makers with the intent of artificially moving the stock price lower to protect the market maker’s position in the stock. “We have worked very hard to build what we feel is truly the number one global internet portal in all of India and the market capitalization of our company is beginning to reflect this value in a very real and concrete manner. The market makers artificial downward manipulation of this new stock may very well be illegal,” said Dr. Christopher W. Hartnett, Chairman and founder of Global Online India.
“A thorough and complete investigation into the recent GOLX trading history will most likely yield patterns of manipulation and fraud. Such market activity usually goes unnoticed or unchallenged because of the fear of retribution. We expect the free and fair trading of our company’s stock and we respectfully ask the regulatory agencies to fully support this investigation into potentially illegal market manipulation. This inquiry is in no way intended to malign or discredit the many hardworking, fair, and honest professionals trading in the securities industry.” said Dr. Hartnett.
Global Online India is one of the premier providers of e-commerce services and e-business solutions to the 1.0 million Internet users in India and to the approximate 20.0 million Indian expatriates around the world through its meta-hub "www.GOLindia.com". This international meta-hub currently provides a range of business services such as: online forms for Indian taxation, customs, and import/export businesses; a loan finding service; Indian rail, air and movie tickets; online insurance and credit card applications; online medical and legal advice; and web stock trading and advanced technical analysis; among others. General services for end-users and small businesses include: news, chat, Bollywood, e-greetings, sports, stock information, auctions, classifieds, yellow and white pages, and jobs.
Global Online India is affiliated with Global Online, Inc. (GOL), which is a wholly-owned subsidiary of USA Global Link, a major pioneer since 1992 in the discount international telecommunication service providing arena. Global Online (GOL), an international meta-hub located at "www.GlobalOnline.com", is the world’s first global gateway to international life and world trade, providing B2B and B2C e-commerce services through its 5,680 web sites in 18 languages and 29 currencies in over 120 countries worldwide.
-------------------- Hurry up and wait. Posts: 293 | From: Southern California | Registered: Dec 2005
| IP: Logged |
quote: لم تقم بتسجيل دخولك. قم بتعبئة النموذج في أسفل الصفحة وحاول مرة أخرى. ربما لا تملك الصلاحيات للدخول لهذه الصفحة. هل تحاول تعديل مشاركة غيرك, أو الدخول إلى لوحة التحكم الرئيسية؟ إذا كنت تحاول إضافة مشاركة , فيبدو أنك موقوف من الإدارة , أو أن حسابك بإنتظار التفعيل.
OHHHH that explains it...........lol
-------------------- Dont take my advice, due your own DD Posts: 711 | From: Oklahoma | Registered: Apr 2006
| IP: Logged |
quote: لم تقم بتسجيل دخولك. قم بتعبئة النموذج في أسفل الصفحة وحاول مرة أخرى. ربما لا تملك الصلاحيات للدخول لهذه الصفحة. هل تحاول تعديل مشاركة غيرك, أو الدخول إلى لوحة التحكم الرئيسية؟ إذا كنت تحاول إضافة مشاركة , فيبدو أنك موقوف من الإدارة , أو أن حسابك بإنتظار التفعيل.
OHHHH that explains it...........lol
Yeah that was a joke
I'm going to bed - too much reading on this for one day. I even took tomorrow off to watch the 'green' rise Posts: 337 | From: NJ | Registered: Mar 2006
| IP: Logged |
posted
i believe this whole wessal 25% buy thing has something to do with that 25 mil private financing. all i can think of right now is company dumping/dumped 25% of the o/s on news try get the best money they could. now after wessal is done buying 25%, all together they still own 100% of the o/s, they might be using the money they got from selling for, lets say .... a divy. i don't know what money would wessal be willing to pay for the 25%, cause if they want to get it is as cheap as possible, we might see some more deeps. wessal might not be very happy with pps going up at this point in time. it might be that wessals concluding of the 25%buy will coincide with sec registration, audited financials, 10k submission, move to otcbb, confirmation of all contracts, share holder structure being made public, and the divy. now that could make this stock explode the way we all expect.
Posts: 122 | Registered: Mar 2006
| IP: Logged |
posted
It does seem the mms have been under fire recently. Two big cases today of illegal mm manipulation. Seems like a lot of time they get away with it and or it goes unnoticed. A couple of days ago we had a bunch of people file complaints about night and ubss so hopefully with all of these recent acusations some progress is made.
Posts: 596 | From: Kansas City | Registered: Jul 2006
| IP: Logged |
posted August 06, 2006 05:38 PM -------------------------------------------------------------------------------- Relentless. Member
posted August 06, 2006 05:16 PM -------------------------------------------------------------------------------- monkey.. better take a look at the chart man. Let this one go.
-------------------- A thousand years have made me colder I can't ever be kind anymore
-------------------------------------------------------------------------------- Posts: 259 | Registered: Aug 2005 | IP: Logged | THANK RD. MY GUT JUST SAYS HOLD, CHART SAYS SELL, GUYs RD DONT GET TO MANY OF THESE WRONG SO TAKE THE WARNING AS JUST THAT THE GUYs JUST HERE TO HELP. YELLOW STOP STEALING MY POST AND RE-POSTING THEM.
-------------------- Give me your Money.
-------------------------------------------------------------------------------- Posts: 704 | From: San Diego CA | Registered: Jul 2006 | IP: Logged | Relentless. Member
posted August 06, 2006 06:05 PM -------------------------------------------------------------------------------- Not real sure what you're blathering on about.. Monkey is one of my friends and I was talking to him.. Perhaps you should slink away and wait for the real bashers to come so you can defend your chosen stock of love.
-------------------- A thousand years have made me colder I can't ever be kind anymore
-------------------------------------------------------------------------------- Posts: 281 | Registered: Aug 2005 | IP: Logged | Relentless. Member
posted August 06, 2006 06:13 PM -------------------------------------------------------------------------------- yep, chart looks bad, but the hype is still strong.. could go either way. I only trade charts, where as monkey trades the hype, so we throw a heads up each way when we see something.
-------------------- A thousand years have made me colder I can't ever be kind anymore
posted
lol, he was wrong that day when it took off after he said it would keep falling, he was right today when it went down. doesnt mean he will continue to be right
Posts: 596 | From: Kansas City | Registered: Jul 2006
| IP: Logged |
Official SEC filing right around the corner if it takes 90 days from filing and they filed NLT say...25 May:
"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."
I'm new to this so I looked at another company's SEC filing (XKEM) and they include share structure info. So, any day now we should be seeing official SEC reviewed company filings for SLJB that tell everyone if they've been telling the truth about share structure.
I'm optimistic about this company because of what I've read about Wessal and future building contracts.
With all the attention this stock is getting I just can't beleive what is happening with the pps.
I want more shares!
Nothing to see here, move along... all just smoke and mirrors!
All IMO. Do your own DD.
Posts: 106 | Registered: May 2006
| IP: Logged |
posted
NITE M Knight Equity Markets, L.P. BULLETIN BOARD 800-232-3684
Call these tards up and yell at them.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
| IP: Logged |
posted
All I could think to say is, "I'm a concerned investor calling about SLJB. There seems to be nothing but good news about the company and yet I see trades going through that appear to be driving the price down. I know... I know... I have no hard evidence of what the share structure is and SEC filings are just days away..."
And they'd give some cheezy reply like, "We understand your concern and assure you that we are not manipulating the pps intentionally. We represent a large number of investors and execute trades based on their orders... blah blah blah"
The bottom line is it doesn't matter if MM's are manipulating as long as there is nothing to really stop them from manipulating. It's up to someone else to be a whistle blower, send nasty letters, request investigations, make business moves to expose shorters, etc. Investigations cost money which we all pay for eventually... but hey that's why we pay taxes, I guess.
Posts: 106 | Registered: May 2006
| IP: Logged |
the scale of this building complex MUST have Canadian Lumber to facilitate the huge demand for lumber in the projects. There is only one place you can get this type of consistant lumber supply to not shut down the construction and that is from the largest supplier, Canada. The problem is you can't get it without going through an authorized export broker. Sulja was found and now because of the longevity of these projects and the need for years of lumber to these projects they are taking control of Sulja to ensure them being there for Emaar and are providing financing to maintain their local entities and to establish large credit lines with the lumber mills so orders can flow without interruption. They basically are buying Sulja Bros's export license to insure the future of the developments by Emaar. I am really surprised no one at all from Canada knew this already because this is the only link to Emaar, one very important export license!!! You are talking about million of board feet being bought and sent to UAE and to Germany! Wessal will buys shares when they decide and the shorters are making a last ditch effort to cover. I am taking this opportunity to add almost 1 million shares. I positioned the money today. I will see if my chance for cheap levels comes today! The audit financials are done!! I can almost guarantee that!!! The company will post them when the time is right and it will be coincided with some other very, very good news of future order values being finalized. Sulja has been authorized by the Canadian Government as a lumber exporter for over 3 years so you know this company is not a scam. A lumber exporter must do up export custom documents with all the appropriate export permits for each load of lumber leaving Canada. You can't be a scam to foreign customs departments. Well you get the picture!! When all this BS is done you will see what I have said is the actual story and we who can take advantage of these opportunities given us by unlawful trading will reap the most financial rewards. jmho
-------------------- Dont take my advice, due your own DD Posts: 711 | From: Oklahoma | Registered: Apr 2006
| IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Wink]](wink.gif)
![[Big Grin]](biggrin.gif)
