posted
From the PR below I read that "Wessal International" is purchasing 25% in the open market. Then on explaining Wessal Int. and subsidaries.
I guess that Mr. Al- will be purchasing for Wessal Int.
WINDSOR, ON -- (MARKET WIRE) -- 08/08/06 -- A Sulja Brothers Building Supplies (PINKSHEETS: SLJB) company spokesperson announced today that Wessal International is purchasing 25% of Sulja Brothers in the open market. Wessal International is the parent company of Red Sea Group. Red Sea Group was recently selected to strengthen Investor Relations in the Middle East.
-------------------- I buy fast and sell faster!
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posted
I also read that there wasn't a time line on this purchase. As long as I'm not getting my DD mixed with another.... If they buy a bit now and split and do the bulk after the split they would be in dog heaven. And shareholders would really have to decide if this would be worth riding through a split. Just something for ponder.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?
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posted
Wally, Boo, Moneyx3...anyone... I am looking for something to connect the dots...I can't find mention of Wessal, or this Ahmed Khalil Al-Muslmani being connected to this Red Sea Housing... We have a pr. From 8-8 stating that "Wessal International is purchasing 25% of Sulja Brothers in the open market" and then the PR stating: "Wessal International's President, Ahmed Khalil Al-Muslmani, is buying 25% of the company" (please note that the also simply state 25% of "the company"...what company? we can assume SLJB..but....)
Sure we can varify that Red Sea IS a company...but aside from these 2 PR's put out by SLJB...where else are the connections?
Anyone?
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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quote:Originally posted by Wit: I'm finding it hard to believe that SLJB would sell some of their shares into the open market cheap just so Wessel could buy some cheap chunks when SLJB knows that the audited financials will be released very soon and they can get much, much more for their shares. Does anyone else get this? They have an opportunity to make money, why sell so cheap. Wessel will get the shares anyhow.
It would make much more sense for Wessel to buy and short the MM's even more. But, unless they tell us flat out, there is really no one to confirm any of this, they are only guesses but my guess makes more sense to me.
Could be part of the deal to actually get wessal to do business with them. SLJB is probably more concerned with that if they are for real and wish to pursue higher exchanges.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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quote:Originally posted by Wit: Just wondering.....
Has it ever crossed the minds of anyone here why If this is really going to make everyone 'so rich', why aren't the big guys all over this?
Why would they just leave all this potential to make fast, easy money to us little penny investors if this is all that simple as some say and believe?
I'm doing my own little dd and will share with you all now that I see that you all are interested in digging deeper.
We all have a lot to gain or lose here.
Because the "big" guys know just as much about this as we do. Maybe a little more but probably not enough to risk a lot of money. "Big guys" dont mess with pennies at all, they wait until the company is on the bigger boards. Even then many "big guys" get skeptical of many of those companies.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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posted
I knew that supersnipe... I was just throwing that out for thought. It really wasn't made to be a question,...rather a statement to ponder on.
I'm in this, and must say, still skeptical, especially since I can't find anything tonight related to Wessal other than it's name repeated in Sulja's pr's.
I'll keep looking though..........
-------------------- ~You aren't wealthy until you have something money can't buy.~
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quote:Originally posted by Wit: I knew that supersnipe... I was just throwing that out for thought. It really wasn't made to be a question,...rather a statement to ponder on.
I'm in this, and must say, still skeptical, especially since I can't find anything tonight related to Wessal other than it's name repeated in Sulja's pr's.
I'll keep looking though..........
If it sounds too good to be true in the pink world...it usually is. Just gotta know how to play the bullsh!t.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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posted
I haven't been able to connect the dots either. Yet Sulja Bros is real from the DD I have seen. The export license from Canada was the topper for me. I'll continue to dig deeper, DD is always an ongoing process even after taking a position. It's great to be able to combine forces without bickering to advance the common good.
posted
Your right Wally, it's nice to be able to ban together and ask questions for the benefit of all and not be accussed of bashing or being negative, rather being careful and cautious.
I'm still trying to figure out what assets Sulja is moving to Nevada.
-------------------- ~You aren't wealthy until you have something money can't buy.~
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And that is another thing...SLJB's PR's don't reach alot of places...IMO...I know that etrade never shows any of their PR's...
I can never find anything other than these "newswire" PR things...no newspaper articles and what not...a "group" claiming to be this big would surely have been in some actual articles...not just "stock" newswires...that I believe are paid for...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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posted
SEC Rule 10b-5 is one of the most important rules promulgated by the U.S. Securities and Exchange Commission, pursuant to its authority granted under the Securities Exchange Act of 1934. The rule prohibits any act or omission resulting in fraud or deceit in connection with the purchase or sale of any security, including insider trading.
Wessal is an insider and can't buy in the open market so those buys that everyone seems to think were Wessal's could not be legally theirs, if so...they were not legal.
I researched this rule myself, it is clearly posted, so I'm confused now............
-------------------- ~You aren't wealthy until you have something money can't buy.~
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... investor relations, through Wessal International, can still be reached at 203 002 3884" rather ... investor relations, through Wessal International, can still bereached at 42.203.002 .....
-------------------- I buy fast and sell faster!
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quote:Originally posted by Wit: SEC Rule 10b-5 is one of the most important rules promulgated by the U.S. Securities and Exchange Commission, pursuant to its authority granted under the Securities Exchange Act of 1934. The rule prohibits any act or omission resulting in fraud or deceit in connection with the purchase or sale of any security, including insider trading.
Wessal is an insider and can't buy in the open market so those buys that everyone seems to think were Wessal's could not be legally theirs, if so...they were not legal.
I researched this rule myself, it is clearly posted, so I'm confused now............
you sound pretty sure of yourself there....
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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posted
yeah, i forgot all about the export license from canada. that was one of the great things about this company that can be backed up with research online. thanks for reminding me
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quote:Originally posted by stocktrader22: When and if audited financials come out from a legitimate auditor aka pricewaterhouse...then we will know if this is for real or not.
that's just it...seems there could be something "we" could get out hands on a "proof" before that...
Wit...Do you know anything on the SEC rules for registering when an individual/company owns more than 5% of the shares?
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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quote:Originally posted by MoneyMoneyMoney: according to an excite search:
... investor relations, through Wessal International, can still be reached at 203 002 3884" rather ... investor relations, through Wessal International, can still bereached at 42.203.002 .....
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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quote:Originally posted by stocktrader22: When and if audited financials come out from a legitimate auditor aka pricewaterhouse...then we will know if this is for real or not.
Yeah, then the only thing to worry about is that SLJA will disclose they will 504, and liquidate any of the a/s they acquired, then cancel the LFWK common before doing the 504 and registering Sulja common with the SEC.
-------------------- ~You aren't wealthy until you have something money can't buy.~
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quote:Originally posted by stocktrader22: When and if audited financials come out from a legitimate auditor aka pricewaterhouse...then we will know if this is for real or not.
Yeah, then the only thing to worry about is that SLJA will disclose they will 504, and liquidate any of the a/s they acquired, then cancel the LFWK common before doing the 504 and registering Sulja common with the SEC.
LOL then we are all *****D
-------------------- Disclaimer: Not accountable for anything I say
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posted
So when steve jobs bought all those shares of disney that was insider trading too?
No.
If Wessal is located in the middle east it would make perfect sense that we cannot find much on the internet about them. After all if you do a search of most foriegn companies and I doubt much, if anything would really pop up. But this doesn't further any research as it neither proves or disproves their credibility.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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posted
i really dont find it that odd we cant get info on wessal either. they are in the middle east, its gonna be hard to find info on them
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