posted
Ouch, what a real POS turned out to be. I feel bad for all the longs who were taken advantage of. I, myself was once a bagholder but I dumped when they missed the Sept deadline for the AF's, and it just got worse from there as everyone can see...Only in America this sh!t can happen...
Posts: 3026 | From: Chicago | Registered: Oct 2005
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MUST READ ** DD Ownership Info on 447 E MILWAUKEE It does not appear that LFWK/SLJB are or were owners of this property. It is owned by an LLC which was probably set up for each of the properties purchased and renovated. Unless SLJB took ownership of LANDSBERG HOLDINGS LLC, it probably has no liability for the default. The LLC would take the hit; which is what an LLC is for.
I believe the Windsor Star article could have turned this up but had a different agenda. This is just sloppy reporting.
You have to pay $2.00 to look at the tax records which show more detail. The important parts are below. The LLC bought it on 10/14/2003 for $460,000.00. Three years later they are just getting around to collecting on the defaulted mortgage? Sounds fishy.
JMO -
Property Address 447 E MILWAUKEE DETROIT, MI 48202
Owner Information LANDSBERG HOLDINGS LLC Unit: 01 2843 E. GRAND BLVD, SUITE 100 DETROIT, MI 48202
Sale Date Sale Price Instrument Grantor Grantee Terms Of Sale 10/14/2003 $460,000.00 PTA MIGIRIAN, GEORGE & MIGIRIAN LANDSBERG HOLDINGS LLC ARMS LENGTH
**Must Read MORE DD 447 E MILWAUKEE**
Twoggle unearthed the Loftwerks 15c211 filed on June 23, 2005 (see link below). Look on page 10 for the snip below. Based on what this board has discovered, it sounds like the smear piece in the WS was fabricated.
JMO - Do your own DD to confirm or disprove your investment decisions.
GLTA
Note: Everything in Italics was lifted verbatim from the 15c211 at the link below. *************************** 1. Investments in real estate or interests in real estate. Indicate the types of real estate in which the issuer may invest, and describe the method (or proposed method) of operating and financing these properties. Indicate any limitations on the number or amount of mortgages that may be placed on any one piece of property.
The current and proposed properties under assignment to Loftwerks are clear of impairments and restrictions. The company uses GAAP principles and licensed appraisers to value the properties. There are no limitations placed on the percentage of assets which may be invested in each property; all decisions are subject to management approval. All of the properties can have unlimited mortgages, in number and amount, but there are no current plans to hold multiple mortgages.
"A. Landsberg Lofts North, Detroit, MI a. 8 units Purchased for 460K Mortgage held by CEO Dennis Ammerman Appraised value (prior to construction) = $750K Construction Costs to date = $500K Construction Costs remaining = $150K Estimated value upon completion =$2.1 M Building was financed via a debt equity agreement with CEO Dennis Ammerman."
******************************* Posted by: twoggle In reply to: twoggle who wrote msg# 198173 Date: 11/30/2006 2:39:45 PM Post # of 198211
In addition to the Landsberg Holdings LLC being a Michigan company set up by Dennis Ammerman, the project is described at the bottom of page 10 of the 15c211 at:
posted
I was really hopin for this sucker to work I sold my last shares at .12 back in the day... made some off it... I was hoping to ride it back up... oh well
-------------------- learnin as I go. Posts: 582 | From: Iowa, Michigan, North Carolina, Israel | Registered: Jul 2006
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posted
Well I think I'll go to school CUZ I BOUGHT MORE! at .017 All of this will pass and there will be a going business with new leadership in 6 months ....................or I will lose If it is a Win ..it will be a good one.IMO FALL was SOOOOOO ridiculous that it seemed to be contrived. Just a gamble when things seem at their worst..we'll see
quote:Originally posted by Redwinger: Man o man, Ihubbers are planning some big stuff to the Sulja's. Not looking good.
People are going crazy
Ihubbers are crazy LMAO
Good luck Mac, I would only play this as a TA play.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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"From what i understand, this is the last post i can do on this board and therefore i will be as detailed as i can on the information i can provide.
The information which i have obtained is from the relatives which are employed at Sulja Bros. Building Supplies. The shareholder's frusteration has been understood and not ignored but when the terms "business needs" was recently used from what i just saw, i am guessing he was mainly referring to discussions going on within the company and board as to what would be in the shareholder and company's best interest. From what i understand, many employee's at the company have also heard rumors as per the possibility of a buyout with a large amount of individuals visiting the company in the recent week. Due to this, they are apparently delaying the A/F's to first show the company's interested and will more then likely have them released for your viewing soon.
As for the suggested rumored prices, they are ranging by far as for what the possibile business offer is being given and what terms are needing to be worked out. Although, as far as i have been told, the information heard is of a value drastically higher then the present levels.
As for the meeting, i am guessing this is based on the fax which you had all sent but, from what i was told, there is a slot in his timing's for monday dedicated to Shareholder's, but no other information could be obtained in that regard.
As previously stated, i hope my information has helped you all."
Posts: 723 | From: MotorCity | Registered: Jun 2006
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Posted by: proftstocksny2 In reply to: Stock H.O.G. who wrote msg# 200348 Date:12/1/2006 9:31:27 PM Post #of 201034
Stock & Airys open the door to a lumber yard office in Ontario, coming out of the cold, wintery blast shivering. They meet Leslie, Dave and Christine who are answering phones. "Oh, you really did come, Dave says".
"Yes we did!" Stock says. "We demand to see Steve!" Airys shouts. "We are here on behalf of ihub and every other shareholder. We will not leave until we get some answers".
Leslie and Dave look at each other and sigh. Dave: are you sure you want to meet Steve?
Stock: of course!
Dave: well, Leslie, I think we cannot hide this from them any longer.
Stock and Airys are taken to the back of the office into another room where a wooden door with a massive lock says, "Keep Out". Lesli opens the lock, and Dave gives a nod. As the door opens, a brightness blinds everyone and to Stock and Airys amazement they enter into a technicolor, stereo sound world of colorfull trees, hills, and homes along a yellow brick road. All of a sudden, a bunch of little people and oompa loompas scurry up to them and say in chipmunk voices: do you really want to see Steve the Sulja? Stock and Airys say, stunned, yes, where can we find him?
Follow the yellow brick road to the Wonka Factory. And so Airys and Stock bid farewell to Dave and Leslie and follow the path arm in arm, not knowing what will become of this, but keeping the ihubbers in mind they skip along the road whistling a happy tune.
After several hours of this, they stumble upon a black range rover with Petar in it chasing them saying they will never meet Steve and that he likes bacon! Stock and Airys run for their lives, while Airys yells, "I do believe in spooks!" repeatedly.
They escape and they finally reach what looks like a chocolate factory in green. They knock on the door and a man named Khan asks who they are...after much banter he opens this massive door and says that Steve has been waiting!
They are ushered down a long hallway, past jumping monkeys and flickering torches. As they get closer they fear for their lives, but move forward. A loud voice says: how dare you shareholders try to come into to Sulja!! Stock: well we aren't leaving until we get some answers. Airys: yeah, you can't do this to us shareholders, who do you think you are?
Then a lawyer rushes out and says: please sign this non-disclosure agreement for what you are about to see. They sign reluctantly and think later they can use a different alias to pass on the info.
The curtain is suddenly let down and behind it is an average man. Hi, my name is Steve Sulja. I really did not want to meet you, but at this point it was you or the RMCP and SEC. I am afraid the AFs are not ready and our lawyers have gagged us. We really messed it up for you guys. Stock: but why??? Why did you lie to us?? Airys: you're more normal than I thought. Steve: because we were trying, but got in over our heads. But we have someone who has stepped into help....dad. John Sulja.
They meet him and he has the seasoned look of a man who has seen everything in life. "I am the man behind all this he says". He takes them to a special room full of miniature model cities. Stock and Airys are stunned.
John Sulja: You see, we didn't want you to know because our competitors would find out what we are preparing. See here: we have Sulja land in Dubai, Egypt, Lebanon, and all around the M.E. We are supplying for the future in that region on a massive scale.
Stock: and Wessal?
John: well, let's just say, they want to keep a low profile considering their royal backgrounds.
Airys: and Consultech?
John: just part of Petar's group and nothing compared to what we have in store. Some wonderfull, magical things are going to happen.....
Stock and Airsys have no idea what to say but ask a rapid series of questions: AF (working on it), cement deal ($90mn), Petar out (not completely), dividend (not so fast), etc. They are satisfied and decide it is time to leave. As they thank the Suljas and walk towards the door, Steve says: oh, but now that you know, you can't leave. Stock and Airsys are shocked and scared. A panel suddenly opens underneath and they fall down a chute to a dungeon where they see a bunch of others.
Stock: who are you people?
Person 1: Hi my name is chad, but some still call me chip. Yeah, there is now way to leave.
Prof.
Disclaimer: the above is purely a work of fiction and is not an accurate portrayal of anyone mentioned. It is purely for entertainment purposes like other ihub posts, but much longer.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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The 2 ihubbers should be in Windsor today, to go to the Sulja's tomorrow. So we should hear about their trip tomorrow. Should be an interesting and eventful day tomorrow for this ticker.
Posts: 723 | From: MotorCity | Registered: Jun 2006
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quote:Originally posted by Redwinger: That would be nice I agree. lol
The 2 ihubbers should be in Windsor today, to go to the Sulja's tomorrow. So we should hear about their trip tomorrow. Should be an interesting and eventful day tomorrow for this ticker.
Lets hope its interesting and eventful in a positive way! but thats being hopeful...lol.
Posts: 58 | From: Long island | Registered: Jul 2006
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posted
I guess we are going nowhere really fast here. Wish these people would get their act together and act like they are really running a company for their investors and not their own profitability.
Posts: 156 | Registered: Dec 2005
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posted
unless there is a great PR out, the stock will be quiet this month. except the company wants to push the PPS and pays more yearly tax.
Posts: 221 | From: kentucky | Registered: Apr 2006
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posted
And here I was hoping to buy that 105" LCD TV for the family room. Guess that ain't happening. At least they could give us some form of christmas gift.
Posts: 156 | Registered: Dec 2005
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Posted by: Stock H.O.G. In reply to: None Date:12/4/2006 4:43:17 PM Post #of 202808
Quick Update (from Airys & Stock H.O.G.)
Hi everyone. We just got to the airport and it's snowing like crazy in Detroit. It's was a busy day to say the least, but we received a ton of information. No one brushed us off at all. As a matter of fact, they were very welcoming at every location. We were able to talk to Tracy B from Kore on the phone and met in person: Dave, Leslie (BOD), S. Khan (BOD), Ron (Manager from SAMs/Sulja) and last but not least, Petar V. We visited every location except for the new storefront and Kore. Steve Sulja was not available, because he was with a supplier in London, ON. We also did not meet with John Sulja, as we felt that was not necessary and we were running out of time (i.e. we needed to get back to Windsor for the meeting with Petar). We barely had time to eat today it was so intense.
Obviously, you have tons of questions and are dying to know what we found out. We probably have 3-4 FULL pages of notes that we took and Airys also took a million pictures for us.
We will be typing up everything on the plane and plan to post everything late tonight. Please note, it will be very late, sorry.
Overall, in our opinion, it was a positive trip and we received answers to many of our questions. Is some of it still a mystery, of course, but I plan to hold my shares. I believe things will begin to unfold in the near future. I believe Airys will be holding too, but I will let him speak to that on his own.
All of the above/below is in my opinion only. Please do not buy or sell based on what I have written.
Posts: 330 | From: oregon | Registered: Dec 2004
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We believe this to be a positive, in that, we received information and were welcomed by everyone. The following is what we saw and what we heard. Make your own decisions and develop your own opinions. This could all be real or this could all be the best scam ever, were not really sure. We went, we saw, we heard, were reporting back to you.
We met up in the Detroit airport and rented a Jeep Cherokee and drove to the Canadian border. After they searched our car, our bags, and asked us what our intentions were, they finally let us through. When we told them we met on the internet, I believe they looked at us a bit strangely! We stayed at the Windsor Casino/Hotel, since its right in Windsor and right over the Canadian border. We got into the hotel room and tried to formulate a plan. We really werent sure of which direction we should take and who we should visit or not visit.
The first thing we did was call Tracey from Kore at the number that was provided. It turned out to be her home number, so I apologized for bothering her at home. I told her who I was and said we were trying to gather information/facts about Sulja Bros. She asked how I received her number and was a bit shocked that I called. She said that I should talk to Sulja Bros and could talk to their IR department. I told her they dont really have an IR department. She said she had no comment on Sulja Bros. I told her thanks and have a good day. We didnt really expect much from this call.
Gary Rennie and I did trade a couple of voicemails, but we never spoke or met in person. We were still on the fence as to whether or not we should be talking to the WS anyway.
We called mrdrammar, as he was eager to meet up with us. He met us at the hotel and had dinner with us. He provided us his opinion, which is clearly stated on IHUB. We were not really sure what to expect from him and actually thought he might have been sent to meet with us and determine our true intentions. He ended up being a valuable asset and helped us locate all of the places. He was even willing to drive us, but we took him in our car. We didnt want to end up at the bottom of Lake Erie.
We determined our strategy and knew we had little time to execute everything we wanted to accomplish. Our plan: find and talk to Steve Sulja or John Sulja, visit and take pictures of each location and talk to everyone there, as get to a feel for what was going on. We also talked about gathering tax records and the like from the courthouse, but knew we didnt have time for that and we didnt think we would get much value there anyway.
We woke up and were out the door by 7:30 a.m. with no breakfast and off to Harrow. When we got there, Dave, who is the General Manager of both Sulja locations was there and gave us a tour of place. There were trucks, people, supplies, etc. It looked like a solid business, at this location. After the tour, it was time to get down to business. We asked Dave what was really going on with everything and we needed to meet with Steve. He said Steve was with a supplier in London, ON. We asked where Petar was. He called Petar on his cell phone, told Petar we were there and then handed the phone to Stock H.O.G. H.O.G advised why we were there and asked to meet with him. He accepted and said he would call HOGs cell about 12:30 and meet us about 1:00 at the Windsor Casino/Hotel in the lobby. We then were able to meet Christine at the front desk and Leslie, who is on the BOD and manages various aspects of accounting for Suljas. Some of the key points from our conversations with them:
1) Everyone there was very nice and helpful. They are real people, with real families and seemed honest and sincere.
2) The WS sent Sulja a letter stating they would like to get in touch with Steve Sulja and would retract their statements if they could show them the proof (HOG has the letter)
3) They believe the Windsor Star will be sorry for what they have been publishing.
4) Both Leslie and Dave received death threats and were very scared. They called the police and the police are now investigating those who called. Its highly recommended that this never happen again.
5) They sold all kinds of materials at this location, both building and decorative.
6) Due to so many calls there, they believe they are losing non-commercial business, which will certainly not help anyone.
7) A couple of shareholders have been up there to visit over the last 6 months or so. They basically wanted to ensure there really were operations there.
8) The lawyers advised them to not talk for now.
9) The lawyers, Steve, etc have our questions.
10) Leslie never saw any audited financials, as previously reported by someone.
11) Leslie has worked there for about 6 years.
12) Dave has worked there since September and has a solid background in the steel industry.
13) Dave again advised that he was interested in buying shares, but not until after the AFs came out, as he didnt want to be considered an insider. He does own other stocks and is aware of the market. Hes read the IHUB board a couple of times and couldnt believe how bad it was.
14) Dave was willing to take pictures with us and let us take as many pictures as we wanted all around the place.
15) Leslie was out of the office a lot last week because she was meeting with the lawyers. I understand they have four lawyers (1 in Windsor, 1 in Texas, 1 in Toronto and Khan).
16) They knew we were coming and someone called and said, The HOG is on his way. That funny as hell! They asked who the HOG was, so we told them our IHUB names. We all laughed, and then traveled over to SAMs.
At SAMs, we were greeted by a man named Ron (cant remember his last name), but he was the manager of that location. He showed us around and we took more pictures. We found out some very interesting information from Ron and they are as follows:
1) Suljas did buy SAMs and everyone there is on the Sulja payroll (Dave told us this too).
2) They did not buy the land or the building, as they are leased. Marios father owns the land and building, not Serge, as the WS reported. An offer to buy a total of 62 acres was placed, but not finalized. The purchase of the business, trucks, and materials was finalized. I understand the land across the street sold for about 20k/acre. Must be a good location.
3) They bought them because there were competing with each other and it was better to buy them out, instead of competing with them.
4) No stock was provided in this deal, it was all cash.
5) Revenues may be down to about 4M this coming year, as the building market is starting to change. However, they are starting to do work with a big builder, Royal Builders, in London, ON, which will probably boost sales again.
6) There is another business right next to SAMs on the same property, called SBT. We didnt get much info on this, but its something that Mario runs and relates somehow to building.
7) Ron said he has been friends with Petar for about 10 years and hes a good person.
8)Ron said he believes the stock is undervalued at this point and may also buy some shares after the AFs.
9) He said he truly believes in the M.E. deals, as Petar would get all excited and tell him he landed a big deal, etc. He said hes seen contract paperwork, but not all of the details within.
We then went to the Windsor Sulja location, after HOG stopped for 2 minutes and bought a Harley long-sleeve T-shirt at the Windsor Harley dealer. This Sulja location was closed and appeared to be a storefront. We did not confirm that the new storefront was opened. Well have to inquire more about this location. It wasnt impressive.
After that, we decided to locate and visit S. Khan. We went into his office and asked the receptionist for him. He was with a client, but came out after about 5 minutes. We introduced ourselves and asked if he could tell us anything regarding Sulja Bros. He was very nice, but said he couldnt say anything. He did say he was basically the internal lawyer for Sulja Bros. HOG asked him if he could explain why he was the CEO for only one day. He again said he cannot and that we should talk to Suljas directly. We told him we were meeting with Petar in about 30 minutes.
We quickly drove back to the Windsor Hotel/Casino and waited in the lobby for Petars call. He called at 12:30 and said he would be there soon. He showed up, we all introduced ourselves, and then he asked if we wanted to go into the restaurant. The picture in the Windsor Star made him look very bad, as he looked fine to us. Hes not mister suit and tie guy, but was dressed and looked fine. We sat down and the questions began. Below is what we were told:
1) Wessal is a real company and they are registered in Saudi Arabia. However, Wessal/Red Sea Group is no longer a part of the equation. They sold their shares, but did help them to gain connections in the Middle East. This actually gives them more control, as they dont have to answer to Wessal.
2) Sulja Bros hired Kore to manage and help to grow them. The Suljas are good friends of Petars and he will do everything he can to help them.
3) Petar said that 100% guaranteed the AFs will come out. He said he was promised things, he promised us, and then things fell through. He said he could not post the AFs, because they were not 100% accurate. PWC was involved, but not KPMG. The PR should have said or not and. PWC will not be doing the final review of the latest financials. Econometrics was also let go, as they were not doing good work. They will be using a reputable firm in Toronto going forward and also mentioned E&Y as a possible final reviewer.
3) The stock does have all of the assets included. The assets included from overseas were strictly contracts. The default SPAC is no longer used. He said we could check with the Ontario Securities Commissions to confirm.
4) He stated that every single PR is true. He did say that he believed the PR regarding the revenues was not 100% accurate, which has added to the confusion in the AFs.
5) They do still plan to get off the pinks.
6) They do not feel there is currently a naked short position.
7) They have been pulling weekly NOBOs and see what some of the large shareholders are doing, which is not legal (i.e. 1% w/o registering with SEC)
8) CCM Midwest merger is off.
9) 190M restricted shares remain. There are a portion of other shares held by the corporation in Treasury. Suljas do not own shares. They were bought-out by the corporation.
10) No dividend will be declared, as were trying to grow and use the income to do that.
11) Hes not sure why the TA is gagged, but will look into this.
12) Steve Sulja is starting to do some of the Middle East work and is setting up a corporation in Lebanon.
13) We paid ~500k for SAMs plus some deal regarding upcoming purchases. Need more detail here.
14) Any and all Sulja corporations will be included in the AFs.
15) They know they need to hire an IR firm.
16) When they broker deals, only the commission hits the books and is taxed. If they didnt do this, the taxes would be massive.
17) Sulja Bros does not owe 1.5M for the default mortgage with Loftwerks. They did not take on any of the liabilities. It is DAs responsibility.
18) He said there are many, many charities that he donates to around town.
19) Hes not happy at all about the WS articles and will do something about it. He expects them to continue their articles and Suljas will be refuting all of them shortly.
20) It costs about 38k to setup a booth at the Rebuild Lebanon exhibit.
21) He said he was investigated by the RCMP, but everything was fine and he has not been contacted by anyone else. He said if there was a problem, the stock would have been halted already.
At this point, we ran out of time and had to leave. Our heads are spinning from all of this information. Also, I believe we'll see another WS article in the morning. Like I said, I believe this will be refuted by Sulja tomorrow.
Please let us know your thoughts. We hope all of this helps!!
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
LJB Issues Correction for Unintentional Mis-Statement: September 05, 2006 Press Release Retracted Tuesday December 5, 12:44 am ET
WINDSOR, ON--(MARKET WIRE)--Dec 5, 2006 -- A Sulja Bros. Building Supplies (Other OTC:SLJB.PK - News) spokesperson announced a clarification of its September 05, 2006 press release. SLJB made a mistake in the wording and in the timing of the release. Although the statements were made honestly and from the most up-to-date information available to the company at the time, circumstances far beyond the control of SLJB and occurring nearly simultaneously with the completion of the release now serve to have the Company take pause and recant the information. This effort has been put forth previously in the Statement of former CEO Petar Vucicevich on the corporate web site, www.suljabros.com. However, in light of recent questions concerning the press release, the Company is compelled to state in no uncertain terms that the concrete commodities mentioned in that release and the corresponding transaction were indeed cancelled and no contract, even if drafted to finality, was consummated. SLJB hopes that this statement serves to provide a final concurrence or addendum to the entire issue.
The September 05, 2006 press release follows below, presented in its entirety:
Sulja Bros. Building Supplies Ltd. -- Announces Closing of Abu Dhabi Cement Contract
A Sulja Bros. Building Supplies (Other OTC:SLJB.PK - News) spokesperson announced the closing of the cement contract in Dubai with Ramada General Contracting in Abu Dhabi, UAE.
ADVERTISEMENT click here CEO Steve Sulja stated: "The cement contract has been finalized, and the contract is officially closed. The contract is for seven million metric tons of cement per year. The cement will be transported to Abu Dhabi, UAE.."
Wessal International's President, Ahmed Khalil Al-Muslmani, stated: "Ramada General Contracting is paying an average of USD $50.00 per metric ton. The deal produces yearly revenues of USD $350,000,000. The UAE currently faces a shortage in cement production. We are continuously looking to fill this need."
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 result 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.
Posts: 10 | Registered: Nov 2006
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posted
Press Release Source: Sulja Brothers Building Supplies, Ltd.
SLJB Issues Correction for Unintentional Mis-Statement: September 05, 2006 Press Release Retracted Tuesday December 5, 12:44 am ET
WINDSOR, ON--(MARKET WIRE)--Dec 5, 2006 -- A Sulja Bros. Building Supplies (Other OTC:SLJB.PK - News) spokesperson announced a clarification of its September 05, 2006 press release. SLJB made a mistake in the wording and in the timing of the release. Although the statements were made honestly and from the most up-to-date information available to the company at the time, circumstances far beyond the control of SLJB and occurring nearly simultaneously with the completion of the release now serve to have the Company take pause and recant the information. This effort has been put forth previously in the Statement of former CEO Petar Vucicevich on the corporate web site, www.suljabros.com. However, in light of recent questions concerning the press release, the Company is compelled to state in no uncertain terms that the concrete commodities mentioned in that release and the corresponding transaction were indeed cancelled and no contract, even if drafted to finality, was consummated. SLJB hopes that this statement serves to provide a final concurrence or addendum to the entire issue.
The September 05, 2006 press release follows below, presented in its entirety:
Sulja Bros. Building Supplies Ltd. -- Announces Closing of Abu Dhabi Cement Contract
A Sulja Bros. Building Supplies (Other OTC:SLJB.PK - News) spokesperson announced the closing of the cement contract in Dubai with Ramada General Contracting in Abu Dhabi, UAE.
ADVERTISEMENT click here CEO Steve Sulja stated: "The cement contract has been finalized, and the contract is officially closed. The contract is for seven million metric tons of cement per year. The cement will be transported to Abu Dhabi, UAE.."
Wessal International's President, Ahmed Khalil Al-Muslmani, stated: "Ramada General Contracting is paying an average of USD $50.00 per metric ton. The deal produces yearly revenues of USD $350,000,000. The UAE currently faces a shortage in cement production. We are continuously looking to fill this need."
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 result 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.
Posts: 330 | From: oregon | Registered: Dec 2004
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posted
"A Sulja Bros. Building Supplies (Other OTC:SLJB.PK - News) spokesperson announced"
and so the circle doesn't get smaller.... where's the ownership?
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
It's great that someone took the time to go all the way to Windsor, I don't want to down play their efforts....however, I think the timing is a bit off. The visit should have been made at the height of all the fluff press releases as to confirm them, if done then maybe all the holes in their stories would have been recognized and many would not have lost so much as they put all their faith into this company.
Personally to me,....it didn't take a rocket scientist to recognize early on that this company was not what it claimed to be as there were MANY red flags early on in this game beginning with the three different CEO's in the course of three days, topped off with the endless delay's of the 'supposed audited's. Just to name a few.
As for even talking to PV,....that was a complete waste of time, as he is partly responsible for this stock being where it is today,...and from the information that I have regarding him, in terms of the kind of individual he is, it is clear to me, and I am convinced, that he lied throughout his visit with the two Ihub posters. His reputation is not one of an individual that can be trusted to say the LEAST. It is now apparent that every pr that was put out is now being 'down played',....and now they are coming forth this late in the game to say there were errors, and some things were blown out of proportion,.....no $hit,.....again, who needs to be a rocket scientist to figure that one out.
Do the Audited's still exist?.....Personally, I do believe that they do,....will we ever see them,....hmmmm, that is another question, as I am more than convinced they were grossly blown out of proportion, and hugely exaggerated, hence the delay, after delay.
It will be very interesting to see how this all pans out that's for sure,... I am still intrigued by how some continue to search for the good in this company, and refuse to let go with all the more than obvious signs. The Windsor Star, a known reputable investigative newspaper uncovered many false claims, and yet many still defend the company and call the paper and reporters a sham. Too funny.
For now,...I'm taking a back seat here with my popcorn and watching how the tables will be turned to bring this one back around. I still hold a teency-weency bit just for fun that I can afford to lose, or make some $ off a nice flip.
-------------------- ~You aren't wealthy until you have something money can't buy.~ Posts: 3070 | From: CT | Registered: Apr 2006
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posted
"For now,...I'm taking a back seat here with my popcorn and watching"
A little carmel on mine!!
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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SLJB Assures Shareholders That Tall-Order Distribution Contracts Remain a Viable Focus of the Company
Related Quotes SLJB Quote Chart Profile
WINDSOR, ON -- (MARKET WIRE) -- 12/06/06 --
Sulja Bros. Building Supplies Ltd. SLJB · News · Profile today is announcing an addendum to clarify its position regarding brokerage of cement and other building material staples in the Middle East and elsewhere worldwide. The following is a direct message to current shareholders and an affirmative reassurance to all who have viewed the recent retraction of a press release that confirmed the halt of a cement distribution transaction with Ramada General Contractors. The Directors of SLJB wish to convey the following:
We are stating to our shareholders that SLJB is actively pursuing long-term contracts to provide building materials worldwide. We have secured 100 million metric tons of cement for distribution and are in negotiations with qualified buyers who have already demonstrated the ability to meet our stringent criterion for purchasing this product. The retraction of an earlier press release confirming a completed deal was necessary because of circumstances that stopped its progress. Our overall plan is not obstructed by any stretch of the imagination. We want to take on the responsibility of assuring our investors that the path we have set for entry into this industry is immutable and has in fact made great strides during this time of guarded corporate information and rampant rumor-mill ranting. We will stay the course and continue to serve the long-term goals for our Company and our shareholders.
The Company also stated the following regarding the ongoing issue of providing current financial information to the public: "We will publish the numbers when we have them and when we know they are correct, exactly correct, beyond the slightest pause for doubt or debate of any sort...period."
This may contain 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 result may differ materially from such forward-looking statements. The company makes every effort to update the marketplace relative to SLJB and similar companies in order to keep shareholders apprised of changes and/or new developments in the marketplace. Although the company makes every effort heretofore mentioned, the company cannot be responsible for omitting or failing to cover all aspects of an investor's reliance upon forward-looking statements. We also earnestly suggest that all potential investors contact a qualified investment consultant in the securities industry in order to aid them in making a sound investment decision.
Posts: 10 | Registered: Nov 2006
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"We will publish the numbers when we have them and when we know they are correct, exactly correct, beyond the slightest pause for doubt or debate of any sort...period."
You would think this would be the fore front of their efforts. Primarily to say who conducted the audit and showing the LOA between the two entities.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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