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» Allstocks.com's Bulletin Board » Micro Penny Stocks, Penny Stocks $0.10 & Under » SLJB....(new LFWK post) (Page 90)

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Author Topic: SLJB....(new LFWK post)
baraka
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Financials must include 2 parts:

- The Revenue / Expenses part (over a one year period) has been communicated for both 2006 and in pro-format for 2007 (published on their Web side)
- Are missing the Asset / Liabilities part, which is the balance sheet (photograph at the end of the year)

Didn't it strike you that the published financials did not include the balance sheet?

This is why they need to transfer assest to really complete audited financials (second half missing).

We can find N methods for stock valuation. Some can be very complex. The main ones are: "Book value" and "Market value".

Book value: based on the balance sheet. It depens on the historical cost of the company's assets (independant of the ability of the company to turn assets into profits)
Assets - Liabilities = Capital

More precisely:
Fixed Assets + Current Assets - Current Liabilities - Long term Liabilities = Capital + profit - drawings

Market value: based on the returns or cash flows that the investor expects to receive from owning the share (depends on the ability of the company to earn a profit).
Sales less cost of sales less expenses = net profit.

For the market value, we already know that the current pps should be anywhere between 30 cents and 5 dollars, depending on the year in consideration (2006 or 2007) and the PER. Most realistically above 2 $ if the market was fair, which is still not the case.

For the book value - here we are talking about real-estate and therefore it might be more relevant as those can be very solid assets - we need to see the second half of the financials, which have not yet been provided. To simplify, Assets - Liabilities = Capital. Then we divid by the number of O/S shares.

"Sulja Bros. attorneys have paid all creditors and liens on the assets being moved. The attorneys, working with the auditors, have produced the balance sheet, which was the last piece of information needed to complete the audit."

"...Our shareholders will soon see why Sulja Bros. did not need to reverse split the stock to meet our up listing goals."

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Camelboy
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"our shareholders will soon see why Sulja Bros. did not need to reverse split the stock to meet our up listing goals."

Exactly, thats what we are all waiting for. We will soooooooon see. doesnt mean tomarrow, doesnt mean this week but soon. So hold on, relax and get ready.

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IMAKEMONEY
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stocktrader22, Play this HYPE,Dont ride this into the ground, Get to free shares and play, Maybe $ 4.00 maybe .0004 in the looong run i would say #2. JMO

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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Doniboy
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Imake, what makes you think that this is going to go down to .0004?

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"I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell

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Camelboy
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well i doubt anyone on here would value your opinion
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IMAKEMONEY
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Doniboy, pinks come and pinks go, And i dont really think .0004 but i could. Camelboy one day you got to open your eyes.

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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Camelboy
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im not gonna sit here and tell people this has a good chance of going down to .0004, which you didnt say directly but you implied it. All your posts sound like bashing even if you try and make them seem like your not. stay out of the board if your gonna say things that may scare people which is a bashers goal
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HossTrader
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Wow, I missed all kinds of fun the last couple of days! Monkey, are you throwing stuff around again?!

It does look like dilution, but at least they aren't letting it plummet and seem to give it breathers to catch back up.

As for proof of dilution either way, no one has any. But I will tend to believe the price and volume movement more than the PR's.

I just love the fact that people classify reading pinksheet companies PRs as "DD" [Smile]

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I just want to make enough money to be eccentric.

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HossTrader
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quote:
Originally posted by Camelboy:
im not gonna sit here and tell people this has a good chance of going down to .0004, which you didnt say directly but you implied it. All your posts sound like bashing even if you try and make them seem like your not. stay out of the board if your gonna say things that may scare people which is a bashers goal

I think he is stating a fundamental truth about micro-pinks. If they don't move off of pinks, then in the very long run it will ALWAYS trend downward.

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I just want to make enough money to be eccentric.

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IMAKEMONEY
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LOL, Sorry this is the U.S.A. You do your thing lose money and ill do mine MAKE-IT! You cant wish this stock up.lol CAMELBOY

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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Camelboy
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Well the ceo specifically said he wasnt issuing any more shares and there was no dilution whatsoever. So either he is lying and he wants to drive his own up and coming company into the ground or this stock is just going through normal ups and downs.
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IMAKEMONEY
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Hey HOSS howz it going? Hey no pinky ceo ever lied to us before.lol

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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HossTrader
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quote:
Originally posted by Camelboy:
Well the ceo specifically said he wasnt issuing any more shares and there was no dilution whatsoever. So either he is lying and he wants to drive his own up and coming company into the ground or this stock is just going through normal ups and downs.

And we all hope he is telling the truth. But blind faith doesn't do well in pink sheets. Until they publish the current share count, you have to wonder why they don't. If they didn't need to sell shares to raise capital then why would they have taken this up and coming company public in the first place?

I love riding the hype though! I averaged down to 08 now, so hopefully that doesn't kill it! LOL

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I just want to make enough money to be eccentric.

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Hannibull
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I can't find the OS number, does anyone have it? TIA

also, it looks like the pro-forma has been removed from their website

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HossTrader
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quote:
Originally posted by IMAKEMONEY:
Hey HOSS howz it going? Hey no pinky ceo ever lied to us before.lol

LOL Nooooooo. That would be morally and ethically wrong!

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I just want to make enough money to be eccentric.

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IMAKEMONEY
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LOL,HossTrader
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posted August 15, 2006 08:08 PM
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quote:
--------------------------------------------------------------------------------
Originally posted by IMAKEMONEY:
Hey HOSS howz it going? Hey no pinky ceo ever lied to us before.lol
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LOL Nooooooo. That would be morally and ethically wrong!

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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Doniboy
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You guys are great.

"I'm heavily invested in this stock, but I think its diluted, the PR's are lies, and eventually it will be worthless"

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"I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell

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HossTrader
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quote:
Originally posted by Doniboy:
You guys are great.

"I'm heavily invested in this stock, but I think its diluted, the PR's are lies, and eventually it will be worthless"

That is an overly simplistic reading of what has been said.
I am invested, but not heavily.
The price/volume indicates a high probability of dilution and people should be careful about how heavy they get in based solely on pink sheet pr's.
If they don't follow through with an exchange jump, then it will eventually plummet.

Which part of that do you disagree with? LOL

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I just want to make enough money to be eccentric.

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Grande
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The part where you don't discuss the possibility and apparent evidence of shorting:

http://www.pinksheets.com/Jul25,2006.txt

symbol/business name/venue/month+year/short interest/percent change/average daily volume/days to cover

LFWK|LOFTWERKS INC|Pink Sheets|07/2006|55|100.00|4,519,937|1.00


Word search LFWK... It looks like 55% of O/S are shorted?

I could be wrong...

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stocktrader22
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Question is where is the dilutiing coming from if it's true. Company says they arent diluting.

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Disclaimer: Not accountable for anything I say

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HossTrader
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And if it is, we will all make a killing! [Smile]

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I just want to make enough money to be eccentric.

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HossTrader
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LOL That was directed toward the shorting comment

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I just want to make enough money to be eccentric.

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Relentless.
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quote:
Originally posted by Grande:
The part where you don't discuss the possibility and apparent evidence of shorting:

http://www.pinksheets.com/Jul25,2006.txt

symbol/business name/venue/month+year/short interest/percent change/average daily volume/days to cover

LFWK|LOFTWERKS INC|Pink Sheets|07/2006|55|100.00|4,519,937|1.00


Word search LFWK... It looks like 55% of O/S are shorted?

I could be wrong...

If it was shorted they had to cover before the ticker change and the cusip change..
That is old info that has no bearing on the current situation.

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Grande
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And apparently the 55 is the actual number of shares not the percentage... /shrug.

This was the first month of reporting this on pinksheets.com so august should be a more accurate number... I guess /shrug

BTW, it bears interest to the current situation IMO... I like to know what shorting activity is going on regardless of if it's yesterday tomorow or 3 weeks ago... Nothing wrong with some trend analysis.

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Schaefga
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Off the subject. I work for a construction supply company. Today low and behold guess what comes across my fax machine. One of those stock pumping faxes for no other than SLJB. Does this mean anything? I see those all of the time and just throw them away. I am a newbie so I don't know if it is good or bad. It does seem bad though. Anyone?
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Doniboy
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I don't think that it's overly simplistic at all. I think that it was a succinct overview of what I have been reading tonight. If questions had been raised and debate followed about the company, I would agree that caution and interest in the company is what it was all about. However, all I see is people saying that it is probably going to dump, its probably a scam, but what the hell, I might as well play the hype. You guys can do whatever you want with your money, I just would never invest my money in a company that I had so many doubts about. Seems odd to me.


quote:
Originally posted by HossTrader:
quote:
Originally posted by Doniboy:
You guys are great.

"I'm heavily invested in this stock, but I think its diluted, the PR's are lies, and eventually it will be worthless"

That is an overly simplistic reading of what has been said.
I am invested, but not heavily.
The price/volume indicates a high probability of dilution and people should be careful about how heavy they get in based solely on pink sheet pr's.
If they don't follow through with an exchange jump, then it will eventually plummet.

Which part of that do you disagree with? LOL



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Doniboy
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Schaefga, they addressed the fax blast issue in one of their PR's. You should read it and decide for yourself if they are being sincere.

http://biz.yahoo.com/iw/060804/0150993.html

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SherriT
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quote:
Originally posted by Schaefga:
Off the subject. I work for a construction supply company. Today low and behold guess what comes across my fax machine. One of those stock pumping faxes for no other than SLJB. Does this mean anything? I see those all of the time and just throw them away. I am a newbie so I don't know if it is good or bad. It does seem bad though. Anyone?

Before I knew better, I played one (not SLJB) that came in my e-mail, and actually made money...usually not a good practice unless you have DDd thoroughly.

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Study before you buy, Sell before you think about it....

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Schaefga
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Ok was that what that was? I thought that was concerning a different issue. I thought that had to do with what was stated about the company selling X amount of shares. (dilution) This was just a pump fax. Am in left field?
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Doniboy
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Well it says "Sulja Brothers is not connected to and did not pay for a fax blast from Market Sine."

I assume that is what you received.

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"I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell

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10of13
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Wow..this thread is VERY hard to follow...

Lot's of pointing of fingers and name callin'...

Aren't most people here to make $? I didn't realize that there was suppose to be a good guy and bad guy with stocks...Wow...

Has anyone been able to find a link between SLJB, WESSAL and this Amehad or what ever his name is buying the 25%? Anything OTHER than the PAID PR's that SLJB put out? TIA!

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MoneyMoneyMoney
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Wit-

I didn't intend to single you out. Theres just so much yet to be known that tension has been building and now coming out. We are all here to make money and thats what we'll do. Trading is much harder when emotions are involved and we are already behind in odds.

I am sorry, therefore I apologize and hope we may move on.

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I buy fast and sell faster!

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Doniboy
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I have no emotion... Call me cyborg trader (wow that would have been a cool username). The key for me is that even if I lose every cent in my account it would not ruin my life in any way. Anything I make is gravy [Smile]

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"I will smack you in the mouth, I'm Neil Diamond"- Will Ferrell

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10of13
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Moneyx3...hope others will follow you...

Let's work together...have some fun...and make some $!!


[Big Grin]

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#1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!

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Camelboy
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yeah, we are all here to make money, hopefully we all hope that this is going to take off. if it doesnt oh well, life will go on, we are still awaiting information on many things. hopefully everything will be cleared up soon.
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