posted
IHUB will keep this going. LMAO. I agree with you though beech. and they would pick someone to hold those restricted very carefully IMO. This will be like watching a Q die a slow death - may even have a couple small runs from the dips on the way down. Gotta be pretty brave to flip on this one but I'm sure there will be some.
-------------------- 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
Sulja Bros. Building Supplies Ltd. Announces OSC Hearing 9:32a ET January 3, 2007 (Market Wire) A Sulja Bros. Building Supplies Ltd. (PINKSHEETS: SLJB) spokesperson today stated, "We have recently received a temporary Cease trade Order from the Ontario Securities Commission (OSC) office. This order only affects the trading of SLJB shares in Ontario. A hearing has been set for the 8th of January 2007 to decide whether the order will be extended. This is an unfortunate occurrence and we at SLJB want to assure our shareholders that we will cooperate fully with the commission to clear up any misunderstandings or oversights and bring this to a quick and favourable close. We feel strongly that our shareholders both in Ontario and elsewhere be entitled to clarity and transparency on this matter and we will be reporting to them after the hearing on the eighth."
CEO Steve Sulja stated, "We remain committed to the goals that we have set for the company and continue to work tirelessly during this time. It is important that everyone know that we at SLJB believe strongly in the company and what we are trying to achieve."
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: 221 | From: kentucky | Registered: Apr 2006
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posted
What symbol do they trad under with Ontario? I never could find them even listed.
-------------------- 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
.01 all day with no movement. This one is going to sub penny land. Maybe halted as well.
Posts: 4381 | From: houston | Registered: Mar 2006
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-------------------- 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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quote:Originally posted by Wit: I wanted to say some things and post some stuff on ihub, but they put me in the 'jailhouse' yesterday, LOL!
I guess they really didn't need me by the looks of the pps.
you a baaaaaaaad girl! ihub issue black and white tights
-------------------- 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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If this thing goes to .0004 you can bet Russia's last kick in the ass will be a R/S. And that's if the SEC doesn't delist like Canada already has. Fool me once - shame on you. Fool me twice - shame on me.
Posts: 669 | From: Gouldsboro, Pa. | Registered: May 2006
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-------------------- 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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-------------------- 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
Wit, The SULJA pumbers have their own board. Theylike stroking each other. This clown <spaceheater2002*yahoo.com> wrote: removed membership. taken care of. i will NOT put up with that crap here. go, went, gone.
All I posted is a reply to the HEAD PUMPER Airy, who said, "Give the co some time" I posted, which was deleted by SPACEBOY "We have been waiting since Nov 15th for News from the co."
Posts: 7 | Registered: Jan 2007
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would be interesting to hear what he thinks about current situation. its seems to me that SLJB didnt even continue with old loftworks operations.
Posts: 287 | From: prague | Registered: Jan 2006
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posted
I would like to hear about the hearing. Any news out there?
-------------------- 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
Posted by: ibreken In reply to: None Date:1/9/2007 8:32:23 AM Post #of 239110
Great fair reporting by the Windsor Star....wow, I expect a SEC halt soon.
OSC extends trade halt RCMP files key evidence in Sulja stock investigation
Gary Rennie Windsor Star
Tuesday, January 09, 2007
TORONTO - The Ontario Securities Commission (OSC) ordered an extension Monday of its cease trading order against Sulja Brothers Building Supplies Ltd.'s penny stock until March 23 when a hearing on numerous allegations of securities violations will resume.
Based on exhibits of documents already filed with the OSC, key evidence in the case will come from a Nov. 6 recorded interview by the RCMP in Harrow with former Sulja CEO Petar Vucicevich and Andrew DeVries, a San Antonio, Tex., associate of Vucicevich.
Tom Anderson, a senior investigator for the OSC, said in an affidavit that it would take another six months to complete the investigation.
But the OSC already has secured records of five trading accounts of two Canadian brokerage firms that were opened by employees of Vucicevich's Kore International Management Inc. and several members of the Sulja family, whose Harrow-based lumber yard was incorporated in Ontario in 1987.
According to Anderson's affidavit, Vucicevich told RCMP investigators that he directed the trading in the five accounts to keep the price of the stock around 12 cents a share. The stock price has since dropped drastically to about one cent a share in U.S. trading Monday.
About 150 million shares of Sulja stock sold earlier this year through the five accounts raised about $7.8 million, Vucicevich told RCMP investigators the OSC affidavit says.
Money raised from the stock sale went to Kore or Sulja Bros. and members of the Sulja family, Vucicevich told the RCMP, according to the affidavit.
Vucicevich told The RCMP that he was directing Kore's operations in Canada through its Ontario-incorporated company while DeVries directed a U.S.-incorporated company also called Kore International, the affidavit says.
Vucicevich said the Kore companies controlled about 280 million Sulja stock shares, according to the affidavit.
The five trading accounts mentioned in the OSC affidavit were in the names of Pranab Pratap Shah and Tracey Banumas, both employees of Kore; and John Sulja, Samuel Sulja, and a joint account of Samuel and Vladko Sulja.
The OSC also received formal complaints in September from KPMG LLP and PricewaterhouseCoopers (PWC) that two Sulja Bros. news releases had falsely claimed the two accounting firms were being approached to do audits or handle other financial matters.
In his affidavit, Anderson says the accounting firms sent letters to Vucicevich and to Marquee Asset Management, an investor relations firm employed in the past by Sulja Bros. that requested corrections to its press releases, but nothing was publicly retracted.
Jim Bishop of Vancouver, who is well-known for expertise in penny stock markets, said he expects the OSC will share the results of its investigation with the U.S. Securities and Exchange Commission.
Based on the details of the OSC allegations and the extent of their investigation, Bishop predicted a gloomy outcome for shareholders of Sulja stock.
Vucicevich, who didn't appear, and his Kore company were represented Monday by Toronto lawyer Bryan Finlay. DeVries wasn't present or represented.
The Ontario Sulja Bros. company was represented by Toronto lawyer Kate Broer.
-------------------- 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
"Based on the details of the OSC allegations and the extent of their investigation, Bishop predicted a gloomy outcome for shareholders of Sulja stock."
Should be haulted here as well.
Posts: 4381 | From: houston | Registered: Mar 2006
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