posted
Posted by: vic666 In reply to: None Date:8/11/2006 9:56:02 PM Post #of 41092
hi folks...howz everyone doing tonight? just checkin in that's all.
i'm pretty excited with the way things have developed so far for this company. remember, it's only been 2 weeks since Sulaja has gone public as a company. Guess they had a flood of information to put out, and that's why we've been seing all these PRs. In my opinion, there will be a lot more to come once Wessal's 25% buying is completed.
Steve seems like one sharp guy with the right folks, the smart folks, the weatlhy folks backing him through Wessal, Consultech, Red Sea Housing and Emaar.
Don't forget, Red Sea Housing is set to go public very soon in the Dubai market.
Those who hold thru' the rough times like this past week, should be rewarded for their patience and believing in this company. Steve seems like a man of his words, a man possessed with doing the smart and right things as far as business wise is concerned.
As I said before, if this was already a NASDAQ stock, no body, and I mean nobody would be questioning and bashing like this past week. People have yet to get their mind around the fact that a little pinkie company could do all of this...contracts, mergers, association with big guys, etc etc. Clearly, Steve and Wessal want us to move out of the pinks...until then, they gotta play it smart and careful with the friggin MM's...let the MMs cover at these low prices, and the mgmt and shareholders will be rewarded in the future...never a good idea to piss off the MMs...they have ddep rrots and can do nasty things to even the best companies...simply because their activities are not regulated or actions enforced against them...so let the poor MMs cover fast enough...and with the Wessal buying to start soon, this should take off nice and easy to NASDAQ required levels...yes, I mean $4.00 and beyond.
we should consider ourselves lucky to be able to get in at these ground levels. The basement levels of any stock is normally where the biggest shaking of tress goes on, or else, everyone would get in at basement prices of every stock and become rich...it's the heavy shaking at these prices, the heavy manipulation and bashing at these prices, that shake the weak ones out...and separates the ones that hold and get rich, from the boys that sell and complain afterwards.
-------------------- The difference between genius and stupidity is that genius has its limits
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posted
i sold 1/2 my position last week at .12 and rebought this week at .065 and .055...loaded and ready, i've been holding since early march, im staying the course , many bigger and brighter days ahead, THIS IS JUST THE BEGINNING !!!!!!
nice post Juice, going long in most pennies is very risky, but this is not your typical penny, and won't be a penny for long...........
posted
Good Morning to all. Wow what a week. The best part is it's only getting started.. Over the next few weeks your going to see a chain of events start to fall into place that will finally expose some additional information against Naked Short Sellers.. Facts that will be hard for them to run away from.. MM will in my opinion be doing all they can to stall the PPS in an attempt to cover as many shares as posible at the lowest possible price.. The shorts will send countless Bashers to this board to try and install fear and doubt as they try to keep the coming upwards move in the PPS of SLJB to a min as longs as they can so they can try and cover there short position.. The stakes are High.. If there is indeed a Naked Short Position in the range of 100-200 million shares someone stands to loose hundreds of millions of dollars.
The one thing the shorts do not want to see coming out is the actually share strucutre. Because it will expose them for what they are and what they have done.. If by chance SLJB does indeed own the entire float then all the shares trading back and forth are fake shares.. Well that is not our problem it is the problem of the person who sold them to us.. They will enventually have to start to pay much higher PPS in order to cover there short position.. In my opinion the company at some point in time will have to release shares into the market at what they feel is fair market value and the shorts will have to pay that price.. These shares that the Company will release in the future will then become the Float.. Nasdac is not going to let Sulja Brothers go Public if they own the entire float.. And it's not going to happen with a negative float as I suspect we currently have.. Please for once try and take a look at the really Big Picture.. If we can force the shors to cover at our price and expose them for what they are and what they have done. It could finally mean and end is one day insight and new rules and regulations are in place to combat Naked Short Selling. Someone is going to be paying dearly for there past deeds..
The MM are going to try and bash this stock like nothing we have ever seen before as they despertly try to cover there short position over the next few weeks..The PPS will get run up and down to help them shake your shares loose. Remember they will say or do anything to try and get your shares into there hands as they try to cover there short positins. When the real buying starts it's going to be the shorts who are buying.. In my opinion when all is said and done the PPS will be at a level to take SLJB to the Nasdaq. There will be an accounting for all the shares. The stock will finally trade at it's true value based on a Real PE Ratio and some of us here who truly see and understand whats really going on will be making some very serious money someitme in the not so distant future..I am not a seller at current PPS. In fact Monday A.M. I plan to add to my current position. We are about to watch something really big happen right in front of us over the next few weeks. In any event it sure is going to be interesting watching how this unfolds over the coming weeks. There is a lot at stake here. Much more so than most realize.. We can finall expose Naked Short Selling. Something some are willing to pay very dearly to keep from public view as long as possible. Our time is coming..
But what do I know?
-------------------- Sometimes I just want a NORMAL life?
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posted
Good post nonetheless. All I have to say is that they will try to shake this next week HARD ! I don't doubt we will see .06 again... but every time it goes low I know many others like me will be loading up ! I'm holding tight for the payoff of a lifetime
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven
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posted
nice posts all. I think this company is going to be HUGE!!! I will keep picking up shares along the dips and hopefully acquire many more shares before liftoff. This is for real folks = The DIAMOND we've all been looking for in the haystack IMHO.
-------------------- I buy fast and sell faster!
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quote:Originally posted by Doniboy: SuperSniper was the first basher I ever ran into. I didn't even know what a basher was before him. Back in the days when RSHN was happening, I bought in at around .0036. He was telling us that the run was over, everything was going to dump, and that we were all idiots. Within about three days the stock hit .01 and we never saw sniper again. Personally I thought that he had killed himself. Glad you're ok Sniper!!
Good for you. Where is RSHN now?? less than .0036 thats for sure, i made $5-6K off of RSHN but it sure wasnt the next HANS like everyone was saying. If you were "long and strong" and bought at anything above the current price and held it you would have not made anything and possibly lost a lot. All I ever said on RSHN was be careful.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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Guys....let's get something clear here. In their recent PR, they stated that they are in negotiations with Pricewaterhouse Cooper to audit their financials. Now if they choose them to audit their financials, this will be huge in gaining investor's confidence! If they can show 67 mill in revenues and 15million net profit audited, this stock really will explode. Because Pricewaterhouse Cooper is legit, we don't have to worry about some other unknown auditor who could be frauding us. Think about it. I'm all in if we get the Pricewaterhouse Cooper audit, and the numbers are what they should be.
-------------------- Disclaimer: Not accountable for anything I say
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^^^ true, but remember that they just announced more revs, so the 15 mil will be nothing compared to the new poss for revs...this is getting very interesting..and the one thing i loved the most abt the PRs was the 3 letters SEC.
-------------------- Dont take my advice, due your own DD
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posted
See what you all think of this. Good or bad comments welcome, just do it with respect. Thanks FROM:IHUB
Posted by: allinone In reply to: None Date:8/10/2006 8:12:38 AM Post #of 41428
Good morning. Grab a coffee and a muffin and try to follow along!
March 6/06 Former CEO Dennis Ammerman announces company's stock has been highly shorted. All stock owned by company and insiders.
March 15/06 Share structure announced as 500 million Authorized with 200 million of the 500 million for M&A and 100 Million of 500 million owned by Mr. Ammerman. Leave 200 million shares for the street. THIS NUMBER IS VERY IMPORTANT, REMEMBER IT.
April 18/06 Dennis Ammerman resignes, Steven takes over
May 5/06 in 2 seperate releases company announced Form 10 Registration for OTC BB filing has been completed and audited financials are done and submitted with the Form 10
May 11/06 Gottbetter in NY submitted form 15c(211) to complete merger
July 12/06 Issued increased to 800,000,000 from 500,000,000 with the note these additional shares of 300 million are for the reverse merger and will be restricted when issued.
August 8/06 Wessal announces they are going to purchase 25% of the company stock (800,000,000 X 25%= 200 Million shares) on the open market! There is that number again 200 million shares.
Now if you can follow along you will see what is happening and is very well planned by the company and its merger and business partners! They are about to purchase the entire public float of this company! If you remember the float number a month or so ago is 200 million shares and now Wessal is about to buy that 200 million shares on the open market. The way they will do this is by simply buying without anyone knowing the stock on the open market and the MM's will continue to fill their buy orders while keeping their brokerage clientle happy by executing the trades. The MM's will not even know that this is what the accumulated plan will result in. There is no time line to complete this endeavor. When everything is done this company will be owned by 4 or 5 seperate entities! 300 million for reverse merger and these are restricted, 200 million for M & A and they too are restricted, 100 Million owned by Mr. Ammerman, currently restricted, 200 Million the reported float which is about to be purchased on the open market by Wessal! Net ZERO shares for individual shareholders. If Wessal is successful with this purchase then we will have hundreds of millions of shares short in this stock. Remember, with the issuance of just 5 stock certificates the entire O/S can be accounted for. All 800 million shares. The revenue numbers are real, imho. If they were not this company would already of been shut down by the authorities. The future is bright and exciting, imho.
posted
So if you flip you might not get them back eh? I'll just hang onto mine for a bit. When they do buy in large quantity it will look like a run and fake some out into buying more on the run. Another good dip for accunulation would be sweet. I'm learning that company common share game. another stock did the same thing but buy the time it was anounced in a PR you knew he already had them because there was another article that was on the street but was not a actual PR. when the price was way down there. Chances are they already have theirs also or at least a pretty dam good chunk.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?
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posted
Nah, there is time to flip it.. remember they still have to acquire the whole 25 % which means plenty of time to acquire during the dips and sell after the PR's
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven
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posted
^^^^ i would not flip it...just that is just me...im not going to end up chasing this one...but dont take my advice...but i do knw this can sky rocket at anytime.
-------------------- Dont take my advice, due your own DD
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posted
I thought you should all read this and observe what applies to this stock... (Did I hear something about Vegas???)
THE BASICS
BEFORE YOU BUY AN OTC PENNY STOCK
There are several key areas to look at when doing DD on an Over-the-counter pennystock. And it doesn't even include looking at the financial information.. . that is the leastimportant thing to look at.
Share structure and distribution is the FIRST place our eyes should go when looking at an OTC stock. Don't even READ the news until you know whether or not 5 million shares were sold at .005 to a company in the Cayman Islands.
If so, you can rest assured that there will be heavy selling on any run up, as each new buy is met with an insider sell. And the stock will probably then get heavily shorted near the top. . and driven down to nothing. . and I do mean NOTHING.
And if the company does not report their financials to the SEC. . .RUN AWAY. Don't even consider them, because they will surely rip you off any way that they can. And if they SAY that they will soon be reporting their "audited" financials. . .run even faster. . .this means they have NO INTENTION of filing with the SEC. And even if they say "we will be filing with the SEC" or even "we HAVE submitted our financials to the SEC." DON'T BELIEVE THEM.
MDCE put out a half dozen press releases telling shareholders that they filed their financials with the SEC. . .but somehow. . .as if by magic. . .they have never appeared on the Edgars.
This stuff is the BASICS of penny trading.
SECOND, look at the HISTORY of the stock. . .was there a reverse split or reverse merger in its past? If so, there will probably be more problems or more reverse splits in the future. How long has the company been in business? It is one thing for a company to come up with an idea. . .it is CLEARLY another for same company to figure out a way to successfully market that product or service. . . and it is another thing yet, for the company to properly manage their money.
Take down the names of the officers of the companies, the investor relations people or firm and any other important parties. . .and do a "entire website" search at the SEC. This is not an Edgar search. . and can be found on the main page of the SEC, which EVERY penny trader should know very well. If your party comes up in the search, you can know their history. . if not, it does not mean they are "clear". . .they still could be under investigation or have played a smaller role in other scams, etc. . . .or just have never been caught. Be UN-trusting as a defense to loss and you will increase your chance at gains.
The easy way to do searches on SEC is to use "adj" between names like John Smith. . ."john adj smith" . . if it is an odd last name, it should be fine by itself. . "stephanapolous" or "gianapolitana" or "santodominguez" etc. . .otherwise use adj on firm names like "La Jolla adj Capital" or "La adj Jolla adj Capital" . . this will keep the thousands of uses of "capital" or the city "La Jolla" from coming up in the search. It means literally adjacent" words.
THIRD, read the press releases with a cynical eye. . . if they say that the industry is reported to generate 14 billion in revenues each year and we estimate that our revenues in the coming year will be between 40 million and 60 million dollars. . .. RUN away.
If there is no LOGICAL and detailed explanation of HOW the company plans to make ANY money. . .then they don't. . . they just plan to sell shares. . to you? . . hopefully NO. . to the suckers that don't have a clue what they are doing. ANY reports of "projected" revenues should be based on PRIOR performance. . .if not, it is just a pie-in-the-sky arbitrary number picked out to make them look good to prospective penny traders.
If the company headquarters is in Vancouver, Boca Raton, La Jolla, Denver or Las Vegas. . . . RUN AWAY. There is an old saying in the record biz, where thousands of demo tapes are sent every week. . . "if we reject 100 percent of those wanting a record deal, we will be correct in our decision 99 percent of the time. . .and that ain't bad"
By catagorically denying ANY company hailing from these cities, thus rejecting 100 percent of them. . .we will be correct in our decision 99 percent of the time. And that is not bad.
Other suspect cities, which would require EXTENSIVE DD to justify, include New York City, Dallas, Houston, Palm Springs or other cities of the Coachella Valley, Ft. Lauderdale or other cities in South Florida, any city in Nevada, ANY city in Canada where everyone can short-sell penny stocks, any other "resort" city. . .
If Gucci has a store there. . .then chances are your company does not operate a 50,000 square foot building in the same town. . but rather is just one of many operations out of a small office there.
FOURTH. .INVESTIGATE. . . A good way to find out about the company? CALL THEM. NO, I don't mean to call the number they provide you. . .I mean call the local area directory assistance and ask for the company name. . . I have even gone as far as asked for the numbers of each of the officers of suspect companies, only to find that NOBODY had a listed number. . not even the company.
If the company has an unlisted number. . .think about it. . their customers or clients will not be able to find them. . they are absolutely bogus. If the CEO or his wife answers. .or there is a baby crying in the background. . .guess what? The company is being run out of the kitchen table of a house, and they want your money. . .why? There are bills that need paid, that's why.
Another good trick, is to offer to visit the company headquarters on short notice. . .say something like I will be in town first thing in the morning and would like directions to the company headquarters, so you can report back to your thread on AllStocks.com . .yes they all read our threads.
If they say the company is moving, under construction or give ANY reason whatsoever for not allowing you there. . . you have your answer. . they are bogus. .don't believe them. . .if they offer to meet you elsewhere or to guide you in. . . decline and say, you may be late and insist on getting precise directions to the company headquarters. You will be amazed at the number of companies that will refuse to tell you.
If you are still interested in the company at this point. . .then you must ask yourself how much you are willing to lose. . . if you are "investing" 2,000 or more dollars, then go to Southwest Airlines website on a Tuesday thru Thursday and book a 33 to 99 dollar "internet special" flight there and go and see them for yourself. For just a same day trip. . or overnight if you feel adventurous. . .for just a few hundred bucks. . you can get a first hand account of where your money is going.
If they sell goods. . .you want to see the warehouse, shipping, receiving department. . .it should be impressive. . even if it is tiny. . if they sell services. . you want to see the laborers performing these services. . .if the company is nothing more than a small office with no laborers, because they "farm out" or their workers work "out of their homes" . . .RUN away. That is a lie. . the company is in business just to sell shares. In which case, be sure to note the leather interior of the CEO's car. . because that is what your 2,000 bucks bought.
Note the name or names on the door. Instead of the company name, does it say "capital.. .equity. . .investor. . .relations. . .financial". . etc??? Do you know why? Because they operate NUMEROUS companies from the same office. . . in which case, your presence is not only NOT WANTED. . .it is threatening to their livelyhood.
If that is the case, I would not bother to even enter, as it may be a potentially dangerous or threatening situation. . . I would turn around and never look back.
But here is the part of penny trading that is the most important of all. . .and what I expect from each of us here on the fishing thread. . . when you have information about these companies like that described above. . and someone else is getting suckered into the same company. . . have the decency to tell them.
You don't need to go on the thread and tell eveyone they are invested in a bogus company. . .chances are good that they have already figured that out. . . but in the course of daily discussion, when the name pops up. . and you can shed some light. . do not hold back.
If they were unlisted. . say so. . if they have convertible debentures from an offshore placement. . say so. . .if there was a 1 for 100 reverse split a year ago. . .say so . . etc etc etc.
Not every company on the OTC or the Nasdaq is bogus.. . . but as I said on the Scammy Awards:
Welcome to the Over-The-Counter market of Electronic Bulletin Board and Pink Sheet stocks.
Out of 100,000 issues, 90,000 are scammys 9,000 are clueless 900 are really trying Leaving 100 that might be worth buying.
Thanks to
Rande Is <c> Copyright 1999 Rande Is Posted with permission.
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quote:Originally posted by klondike: Just an FYI ... I am NOT a basher. I own 30K shares of this stock and got in just below the current .07 price.
Why are you stating you are not a basher before anyone calls you that?
Everybody's idea of what a basher and pumper for that matter is different. My take is that anyone who provides solid DD with links to back it up is neither a pumper nor a basher. Watch out for anyone who gets defensive when asked for links to either a negative or positive position on a stock. There is a TON of DD on this stock. At this point it is up to the individual to take the DD that has been provided and verify it independantly, then make a decision as to whether this is worthy of putting their money into or not.
I don't think I would ever fly to any company that I have two grand invested in, I don't care where they are. And, I certainly have alot more than that invested here.
-------------------- ~You aren't wealthy until you have something money can't buy.~
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posted
I'm with you guys. I'm not flying anywhere. Just think all it would have done with someone investing in ENRON was cost them the price of the trip and anything else they invested afterward when the company convinced them it was the best deal out there based on what was known at the time. Investing in ANY stock is risky. No risk no gain unless of course you put your money in a local bank that you can visit and don't deposit more than the maximum covered by FDIC. It's always about risk VS reward and the DD we CAN do to protect out investment.
posted
Since we are on the subject of stock scams, I would like to share two personal stocks that I've owned that were scams. When I first began trading I was extremely stupid. I didn't do any DD, I would just throw money around(very stupid). I bought two stocks within about a week of each other KSWJ and LSMJ. KSWJ I still do not have any idea what is going on with it(very small position). LSMJ, I watched as it fell the first couple of days and eventually held for a while. I pretty much had ignored it because of my involvement with NDOL. I began to do some DD on LSMJ after about 3 months of owning it. It took one phone call to the company and I immediately knew it was a scam. The number they issued on pink sheets .com was some company with the same name, but they were not publicly traded. IMO scams are pretty easy to notice, they are very difficult to find info on, and almost impossible to get a hold of. I bought my initial lot of shares in SLJB in a hurry because I thought the bus was leaving the station, I was very nervous because I had no idea what I had just purchased. That evening I did some DD, and the next morning I purchased much more. I have called Sulja Bros, and when I did a women answered Sulja Bros. Nothings worse than when they answer with just HELLO! I'm not concerned with the validity of SLJB, and I have no reason to not trust the management YET. Business takes a little time to happen, and each day I feel better and better about my investment. GLTA and for those that are unsettled, it's OK to sell to relieve yourself of the headache. Have a good evening. -Cassity
posted
just a question. If Sulja Bros. wants to sell the shares to Wessal International in the open market, Sulja Bros can easily to make a few big block trading like 2 million shares each or 5 million each at lower price 0.05-0.07. It won't take a long time for Wessal to finish Purchasing 25% of Sulja Brothers. Maybe we will see a pr soon.
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posted
It may take some time before we get the audited financials. I'm in the red on this right now 52K shares at an average price of .11 so it makes no sense to sell any now although I may flip this week to acquire more shares and bring the average pps down. Patience is the key at this time.
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According to the financial statements that have been released to the public, Sulja Bros. Building Supplies Ltd. (SLJB.PK) expects to increase it revenues by an astonishing $241,519,772 (368.8%) over the next 12 months (August 1, 2006 - July 31, 2007). This is based presumably base on expected results of current negotiations, already signed contracts, and growth projections for much of their new business in the middle east.
2006 numbers were impressive as well as the company had a net profit of $26,023,991. Using an estimate of 200,000,000 outstanding shares, Sulja Bros. would have an earnings-per-share of $0.13.
Furthermore, 2007 pro forma numbers suggest that the company expects to go through a significant period of growth and expansion. The earning-per-share projected for 2007 (August, 1 2006 - July 31, 2007) stands at nearly $0.47.
Now, to estimate what the share price could be for SLJB.PK based on the 2007 pro forma financials, lets take into consideration the PE ratios of different NASDAQ stocks.
Note: The company (Sulja Bros.) have repeatedly claimed that there will be no need to reverse split their stock in order to be eligible for a NASDAQ listing. A NASDAQ listing requires, among other things, a share price of $5.
-------------------- ~You aren't wealthy until you have something money can't buy.~
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