I
have received a letter from OSC requesting us to stop trading. We have
not traded for over a month now. I will know more in the morning as all
offices here are closed today.
Steve
has asked me to stay on as a consultant at this time. He wants me to
ensure all deals are completed in the Middle East as well as some here.
I agreed.
I
could only speculate on what role they had but we have had enough
speculation at this time. If I find that anybody has had a role good or
bad in effecting the price of this share I will report it to the
shareholders.
When
can we expect the audited financials? What is the "slight delay".
Please let us know. This is so important. Many shareholders have lost
thousands of $$$$ because of the broken promises.
cement
deal looks good. Sellers bank has received draft LC and will reply
within the next day or so. As soon as it is completed..I will let you
know. This is a very complicated procedure as I am sure you are all
aware. Sometimes it takes a little longer then I would like. Both sides
are committed to completing this deal and Sam Sulja remains in the
region working with both parties.
What
is management currently doing to get the company out of this mess? Are
you and Steve confident that these problems will be solved in the near
future or are you uncertain?
I am confused as to why the osc Why would the osc contact you, wouldn't they contact steve sulja?
When
will info be released about the recent deal pr'd. In order to return
investor confidence, don't you think that following through on pr's now
is essential. The stock is declining in price and all we are hearing
and not directly from a pr, is the lawyers are saying no pr's right
now. Why won't Steve inform shareholders about why? Instead, we
shareholders are left with an enormous amount of stress and anxiety and
complete silence from the company. Who is in charge of communicating
with shareholders?
Petar this is rule 144 (basically summed up in the first sentence directly below) Is/was there any restricted stock sales????:
Untangling Rule 144: Restricted Stock Sales and Affiliate Volume Limitations
At
the foundation of our securities laws is the premise that shares of
stock that are not registered with the SEC are subject to limitations
on resale. Naturally, however, exceptions to this premise evolved.
Perhaps the most well-known exemption to the limitation on resale rule
is Rule 144. Rule 144, promulgated under the Securities Act of 1933, is
a safe harbor provision that allows holders of restricted securities to
make sales of stock when certain conditions are met. The most familiar
condition imposed by Rule 144 is a one-year holding period before any
resales may be made--but that is certainly not the only condition.
Rule
144's mandatory conditions are the following, and all of the conditions
must be met for Rule 144's safe harbor to apply to a transaction, and
we'll cover each of the requirements in detail below: • A potential seller must satisfy the minimum one-year holding period. • The seller must file a Form 144 with the SEC (unless the transaction is very small, under $10,000 worth of shares). • There must be "current public information" available on the issuer. • The sales must be in arm's-length broker transactions, without pre-arrangement or broker's solicitation of orders. • The seller must have a bona fide intention to sell the shares at the time he/she files the Form 144.
The "Current Public Information" Requirement
Paragraph
144(c) dictates that current public information regarding an issuer
must be available regarding an issuer before a 144 sale takes place.
This requirement protects potential purchasers in 144 transactions;
ideally, purchasers can thereby research companies before buying
shares. The current public information requirement is met automatically
if the issuer is fully reporting and is current in its filings (OTCBB
companies, and those on the larger exchanges). With respect to pink
sheet companies, the issuer must have information publicly available
equivalent to that information found in a 15c2-11 filing. Many pink
sheet issuers satisfy this requirement by subscribing to the pink sheet
news service or by posting corporate information and financials on
their website. Whether the scope of the information that an issuer
provides meets the current public information requirement is a factual
question that should be addressed to an attorney.
Rule 144's Holding Period(s)
At
its core, Rule 144 allows a holder of restricted stock to resell such
stock upon the expiration of a one-year holding period. Until February
of 1997, the holding period was two years. The foundational principle
underlying 144's holding period is that securities acquired and held
for one year were most likely purchased with investment intent and not
with a "view towards distribution." The holding period begins upon the
"date of acquisition of the securities." Securities are deemed acquired
when the full purchase price or other consideration is paid. Securities
issued, but not fully paid, do not start the 144 holding period until
full payment is made.
The expiration of a two-year holding
period triggers a considerable relaxing of 144's strictness, but only
for non-affiliates. After a two-year holding period, Rule 144(k)
eliminates the current public information requirement, eliminates all
volume restrictions, eliminates the "manner of sale" restrictions that
apply to the way brokers must handle 144 sales, and eliminates the
required filing of Form 144. Thus, Rule 144(k) removes all significant
restrictions to resale for non-affiliates who hold shares for two
years. Section (k) of Rule 144 is the section upon which holders rely
when they have the restrictive legends removed from their stock
certificates. Affiliates, however, remain bound by the major
restrictions in Rule 144 until they cease to be affiliates.
Rule 144's Volume Restrictions, and the Importance of Affiliate Status
Rule
144 treats affiliates of the issuer much more strictly than it treats
non-affiliates. The Rule applies to the sale of restricted
(unregistered) stock by a non-affiliate. However, the Rule is far more
imposing on affiliates; the Rule governs any sale of stock (both
restricted and registered shares) by an affiliate of the issuer, and
the Rule applies to affiliates indefinitely. Loosely defined,
affiliates are control persons and other insiders, but we'll take a
closer look at the definition of affiliates below.
With respect
to sales of stock by an affiliate, Rule 144 imposes significant sales
volume restrictions upon non-affiliates selling restricted stock, and
upon affiliates selling either restricted or registered stock. Rule
144's volume restrictions are commonly referred to as "dribble out"
provisions. We can distill the volume limitations as follows:
•
Non-affiliates are subject to volume restrictions after holding stock
for one year, but are no longer subject to volume restrictions after
holding stock for two years. • Affiliates are subject to volume restrictions as long as they are affiliates.
The
dribble out provisions limit the amount of stock that can be sold in
any 90-day period. The volume restriction dictates that sales in a
90-day period cannot be more than the greater of the following: • 1% of the issuer's total outstanding shares, or, •
The average reported weekly volume in an issuer's stock for the four
weeks immediately preceding the filing of Form 144 (if the issuer
trades on a stock exchange or Nasdaq--OTC and pink sheet companies can
only be sold using 1% rule).
As an example, assume ABC Corp.,
listed on Nasdaq, has 10,000,000 shares outstanding and traded 25,000
shares in each of the 4 weeks prior to the filing of a potential
seller's Form 144. The dribble out provisions allow a seller to sell
the greater of 1% of the total shares outstanding (in this case,
100,000 shares), or the average weekly volume for the prior four weeks
(in this case, 25,000 shares). Thus, the seller can sell the greater
number, up to 100,000 shares in the 90-day period.
Who Is an Affiliate?
Because
Rule 144 applies differently to affiliates and non-affiliates, it is
important to know who is an affiliate. The Rule dictates that affiliate
status attaches to any person who directly or indirectly controls, is
controlled by, or is under common control with the issuer. Rule 405
defines "control" as the "power to direct . . . the management and
policies" of an issuer, whether by ownership or position. Thus,
directors, officers, and upper-level managers are clearly affiliates.
Owners of 5% or more are typically considered affiliates, but be
careful--while the 5% figure is widely relied upon, you won't find the
5% figure in any rule are case on the subject.
Manner of Sale Restrictions
Finally,
the Rule dictates the manner in which shares can be sold under its
protections. The sales must be handled in all respects as routine
trading transactions, and brokers may not receive more than a normal
commission. Neither the seller nor the broker can solicit orders to buy
the securities.
A private sale of restricted shares is neither
governed nor protected by Rule 144. That is not to say that private
sales of restricted shares are illegal. By its own terms, Rule 144 is
not exclusive, and sellers of restricted stock have a few other
potential safe harbors to protect their resales. Private sellers of
restricted shares commonly rely upon what is known the "4(1½)"
exemption.
Why Are Opinion Letters Necessary?
A Rule 144
seller must also secure an opinion letter from the attorney for the
issuer. This is because before a sale can take place, the transfer
agent for the issuer must agree to remove the restrictions (and hence
the restrictive legend) from the share certificate. The transfer agent
will only agree to remove a restrictive legend if it receives a letter
from the issuer's counsel carefully presenting the legal argument why
the shares are available for sale under Rule 144.
If
you want a serious answer....simply post a question not a statement. I
never pumped this stock for reasons that you believe. We simply were
trying to inform our shareholders. I never owned any stock in sljb and
would not have profited from such actions.
Thanks
for taking the time to speak with shareholders and address serious
issues. I know it is very important to most of us and to me
inparticular. I, personally have lost over 10K in my investment but
have not sold a share. I still have faith. Some might call me crazy. I
hope SLJB proves all the naysayers wrong.
If
you did not PUMP it for reasons that I believe then why did you PUMP
it? The nite you said you were on the way to post the financials, what
happened? At some point Wessal was no longer a going to be involved
with Sulja, what was the date you knew?
thanks
concerned...our lawyers tell us we have not violated this section...not
that they are saying we have violated at all...but I will ask again and
post here. If we did commit any violations, I am sure we will be
informed quickly. I hope not because we asked lawyers every step of the
way. Contrary to the belief of many, I am in no way an expert on these
matters, nor are the suljas..we hired people to help and perhaps we
trusted too much. I am not sure at this time but will find out shortly
I am sure.
Do
you plan on offering proof of prior PR's and deals to Airy's (Rick and
Paul) and StockHog when they visit? Have you set a date and time yet?
If Steve cannot release info, could you?
If
you did not PUMP it for reasons that I believe then why did you PUMP
it? The nite you said you were on the way to post the financials, what
happened? At some point Wessal was no longer a going to be involved
with Sulja, what was the date you knew?
Peter,
you are going to be inundated here with 100's of questions, could we
comprise a list of questions that we could ask you and arrange for one
person here to ask them so that we can get a clear conversation. Would
you consider this? Thankyou.
Petar
we had exchanged emails once or twice before, do you expect the audited
financials to be completed by February and do you expect any executed
deals to be announced before the AFs are released
1) I'd like to know how much Sulja needed to pay off debt?
2) Who WAS selling the company shares?
3) Where are those records kept?
4)
Out of the $12mil or so, how much is funding the shares, if any, since
it has been shown that none of the assetts were hard...only deals that
never finalized, hence funded the vehicle??
The
financials were simply not acceptable and were not representative of
the truth as I knew it. If I published them then I would be a thief and
lier. When they are correct they will be published. It is really that
simple. I would be knowingly misrepresenting the truth if I aloud the
afs to be published. I am truly sorry, however, they were incorrect.
Sophia,
the list was is already made by StockHog and send to SLJB. We're still
waiting for all the answers. Sulja told us that the lawayers would
answer all those questions.
IWH...it
was agreed to by myself and the suljas that the best way to complete
this task is to perform a closing audit on the original corp which
would act as an opening audited statement for sljb using the same firm
to perform both. This way there can be no question.
Petar, Can
you give any insight as to the timeframe the lawyers are expecting
Steve to remain quiet or the reason as to why. The very nature of this
scenario places fear among shareholders as if there is something
gravely wrong and facts must be hidden to protect potential wrongdoers.
Any light shed on this subject would be most appreciated!!
Lasernat:
I thought that these matters could be dealt with in a quick and
painless matter. I was once again mistaken. The only thing that matters
is a truthful statement by the auditors. This in no way implies the
auditors were being untruthful, rather that we at sljb needed to be
more precise with our information. This was an internal issue and it is
being corrected.
Aren't you tired of throwing BS around? How many run around stories are we supposed to believe?
Where are the long awaited Big 4 Audited Financials?
Where/who
is Wessal and his money? Why are we supposed to get our information
about them through possible rumors that they are no longer in the
picture?
What happened to Emaar and our projects with them?
What happened to the tire recycling plant?
Why is it so hard to get any verifable information from the company?
What happened to the DIFX listing?
What happened to the design depot?
How much BS was put into the Pro Forma and unaudited financials? We still have those PDFs saved.
What
happened to the share structure? It went from 500M OS with 362M held by
insiders, 162M being restricted. To now, it's 609M OS with 640k
restricted. That means over 200M shares were sold by the company during
the "AF Pump" phase.
Why can't SLJB do anything they state in
PRs? Small things like the lastest "we'll release more later this week"
to "Petar is no longer part of the company" has all be bs.
Why
are lawyers so involved when nothing illegal is supposibly involved?
Sure seems like someone there is doing unlawful things and is trying to
cover their a$$ now.
Oh, and why did you come on the blog on the
15th saying that everything will be up and it'll take a couple of hours
but you had the AFs "in hand" and would release them? I mean, you MUST
HAVE known that was BS and a flat out lie. There's no way things get
that far and THEN you find out that it's inaccurate?
Merry Xmas and happy holidays, hopefully those that lost thousands of dollars while you were selling
Petar, Can
you give any insight as to the timeframe the lawyers are expecting
Steve to remain quiet or the reason as to why. The very nature of this
scenario places fear among shareholders as if there is something
gravely wrong and facts must be hidden to protect potential wrongdoers.
Any light shed on this subject would be most appreciated!!
Wessal
- it has been speculated that Wessal does not exist. From alot of dd,
no one has produced a single verifiable source for them. If I am wrong
please inform me right away. At this time, Wessal is no longer involved
because they wanted too much control. I can understand that, but to
ease investor anxiety, could you Peter, please provide some info that
will verify Wessal's existence. Thankyou. If I am being direct, well, I am a shareholder.
Are
there any solid dates or expected dates as to when the financials will
be released? If the lawyers say you guys cannot release the
information, did they say when it can be released? And if so, when? I
know you say "soon" or "as soon as" or other similar words and phrases,
but they have been used for months now and I was just wondering if
there were any solid dates for anything at all.
Flippertilldeath said... 1) I'd like to know how much Sulja needed to pay off debt?
2) Who WAS selling the company shares?
3) Where are those records kept?
4)
Out of the $12mil or so, how much is funding the shares, if any, since
it has been shown that none of the assetts were hard...only deals that
never finalized, hence funded the vehicle??
Concerned...Make
no mistake. I do not agree with the lawyers on this matter. However,
they are actually your lawyers and not mine and I have to believe they
have your best interest in mind. that said, if I were a shareholder, I
would certainly feel compelled to contact them and ask for their
reason. That's just me though.
Petar, For
what factual reason do you not agree with the lawyers? In other words,
specifically why have they made a decision to do this? I presume since
you do not agree with them that you know why they have gagged Steve. I
will call and ask them, but can you tell us??
Petar
it has been speculated that one of the problems with the original audit
had to do with counting gross revenues from the brokered deals abroad
rather than the commission only. If so it would make perfect sense that
the numbers would have to be reworked. Does that make sense as to at
least one factor that fouled things up?
Flippertilldeath said... 1) I'd like to know how much Sulja needed to pay off debt?
2) Who WAS selling the company shares?
3) Where are those records kept?
4)
Out of the $12mil or so, how much is funding the shares, if any, since
it has been shown that none of the assetts were hard...only deals that
never finalized, hence funded the vehicle??
Sorry...I am trying to get to all the questions but I may miss a few. This is not intensional.
1) approx 7 million
2) company shares were traded by trusties appointed by sulja
3)those records are kept by kore, sulja and sulja lawyers.
4)there
are many hard assets including real estate, equipment, inventory, ect.
We thought about supporting shares but were convinced otherwise by
those "smarter" then us.
Guys,
please remember that there is no way Petar can answer every single
question. This blog was just started a short while ago today and look
at the volume! Also, it would be unreasonable to expect Petar to be
here 24/7. He has a business to run. Lets use this to get information
without it turning into a nut house. Please.
Petar, For
what factual reason do you not agree with the lawyers? In other words,
specifically why have they made a decision to do this? I presume since
you do not agree with them that you know why they have gagged Steve. I
will call and ask them, but can you tell us??
"A"
go back to managing the IHUB board you won't let me on! I got answers
so far to questions you won't/haven't asked. This is what "you" need.
There will need to be accountability and the board is starting to get
answers!
lasernat:
Of course the work was done and your statement, although you may think
them cute or witty, are not helping you, me or the other shareholders.
To answer your question:
About one week after reviewing the
figures. Posting total revenues on deals we are simply making a
percentage is incorrect. I asked that those figures be removed from the
website but was not aware that they were still somehow viewable.
Petar, thanks for taking my question . I have a loss of 60K so far . What good news can you give me to relay back to my family about your company? Also when will the next PR be released ?
These
are very important questions Petar and your reluntance to answering
them makes you look guilty as hell, please provide answers to them as
we all paid for the answers. We deserve these answers.
Hello
old friend! How's that black Maserati treating you? Andrew as you know
isn't too happy with the mess you've created. A blog? Clever use of an
I.R. tool. Still working the non-shareholder angle.
Are
there any solid dates or expected dates as to when the financials will
be released? If the lawyers say you guys cannot release the
information, did they say when it can be released? And if so, when? I
know you say "soon" or "as soon as" or other similar words and phrases,
but they have been used for months now and I was just wondering if
there were any solid dates for anything at all.
If
andrew is so upset...perhaps he could return my calls and express his
anger. and yes...it is true..I never had any shares. and what mess
might he be referring to?
Petar, For
what factual reason do you not agree with the lawyers? In other words,
specifically why have they made a decision to do this? I presume since
you do not agree with them that you know why they have gagged Steve. I
will call and ask them, but can you tell us??
Petar, For
what factual reason do you not agree with the lawyers? In other words,
specifically why have they made a decision to do this? I presume since
you do not agree with them that you know why they have gagged Steve. I
will call and ask them, but can you tell us??
Maserati?....I
have many vehicles and properties and have long before my involvement
in sljb....I'm sure chad also was making money long before sljb...many
people have these things.
PV,
I appreciate you answerring my questions, honestly, I do. You are
obviously getting hammered on some because of the events we are all
aware of.
I need to clarify, for myself, if the share vehicle is funded and how?
Also,
Sulja needed $7mil to pay off debt. The company has aprox 192mil
shares, non-restricted, remaining. $5mil from the selling by trustees
is located where, in SLJB's bank?
lasernat, this doesn't directly answer your question but petar commented on wessal:
pnv said... wessel
may still have a role in sulja...these are details that are being
worked out. We felt that sulja should be steering the ship...that's all
flippertilldeath:
All debts that sulja had have since been retired. This was done through
the sale of shares and profit. Also, the purchase of sam's was funded
by the sale of shares. sljb, to my knowledge, is now debt free aside
from a few vehicle leases which is really not a debt. All assets
including inventory are free and clear.
First, thank you for cooperating with Airys and Hog, it makes a huge difference. On to my hard questions:
1)
Why did SLJB unrestrict and/or sell massive amounts of shares when the
price was around .10 per share? Did you/they know it would tank when
the audit didn't come out? We need a reason to trust we weren't pump
& dumped, as it appears to me.
I understand you didn't own
shares personally, but it looks like the company/Steve Sulja made a
bundle, and sold early knowing that the confirmed audit release data
was not going to happen. THIS IS MY #1 PROBLEM, and I cannot throw
support behind the company until I understand this better.
2)
When the current assets are proven/audited, and some of the current
deals are finished (let's say half), approximately what EPS do you
expect SLJB will have? Based on expected information released within
the next month.
I
actually don't know of any insiders by ownership. And I'm not sure what
they would be making a deal on. I really don't believe there to be a
problem. But that is simply my opinion of course.
Thanks
again for your time. There are certainly some pressing issues at hand.
I wish we had the ability to eliminate these uncertanties that we are
dealing with. I hope you will agree in saying that we will have these
issues answered to the shareholders liking soon.
My family will not rest until we see the persons responsible for SLJB stock to go from 9 cents to .01 in handcuffs. Can't wait to visit Allinone behind bars . Merry Christmas !
Petar,
I have been constantly asked by many posters if I know anything about
how the proceeds of the capitalization was spent. Any way you could
fill us in on that? Thanks!
Are
there any solid dates or expected dates as to when the financials will
be released? If the lawyers say you guys cannot release the
information, did they say when it can be released? And if so, when? I
know you say "soon" or "as soon as" or other similar words and phrases,
but they have been used for months now and I was just wondering if
there were any solid dates for anything at all.
sophia...I
really don't want to sound insulting and that is not my goal here,
however, wouldn't you think that I would use a real company if I were
trying to pull something?...Of course wessel exists and they are a
solid outfit. Their veiw and that of sulja simply differ.
Thank
you, for that answer but after those debts were paid,can you approx
what SLJB has left for future operations out of the $5mil remaining
profit from sales of the shares?
I guess I am asking if the
trustees got to keep any? or if not where did the $5mil minus SAM
purchase go. It has been reported that SAM was purchased for 500K?
Airys418 said... Petar,
I have been constantly asked by many posters if I know anything about
how the proceeds of the capitalization was spent. Any way you could
fill us in on that? Thanks! ________________________________
Hey how about that? I have been attempting to these answers already but your welcome to join in!
Thank
you for providing this blog.Many have spent time and money bashing this
stock and company management.Why now at such an crucial time silence.I
will continue to support this company but just a simple answer would be
appreciated.snips007
john....I
am sorry but I am no longer in a position to make that call...and I
truly think that if steve has learned anything from my mistakes, he
will not dare give dates at this time....I am sure that once the first
one is out, it will be easier to get the date right....at least within
a month of the expected date. Everyone is being careful after I messed
it up. I am sure you could understand that.
snips...I
really don't know. I think the lawyers are trying to protect the
company till all other prs are proven to be factual. This part I
understand. They asked that steve not put out a pr simply saying happy
holidays. They thought it "unwise". Like I said, this firm represent
the corp and I'm sure whatever they are doing, it makes sense to
them...Make no mistake, I am not in there good books at this time.
Sorry Petar , BUT you have not given us shareholders one positive response about upcoming deals and/or PRs. You need to come clean or your freedom might certainly be in jeapordy.
insider...I
really don't have to be here...trust me...many on this side would
rather I not be here...and besides th afs...what promises have been
broken. The management of sljb is doing a great job but nobody want to
recognize their efforts. They are expanding, working toward completing
afs, and looking toward the future despite the ranting of numerous
shareholders and drunken reporters. Why not try standing behind the
company you have chosen to by shares in instead of looking for a fight
at every turn? At this time I believe constructive comments are far
more useful then destructive. What have you got yo gain by slamming the
efforts of sljb management?
I
understand that. You are not insulting me. But I and noone else can
find any info on them. If someone said, why don't you invest in my
company, you would want to know some facts about that company..that's a
pretty standard policy. That would make you smart. This is not about
you. This about SLJB being transparent. I would think you would want to
provide us with that transparancy?
So I will ask again, please
provide info on Wessal..who are they? This is not an unreasonable
question by any means. If it is, then we have a problem here.
Correct me if I am wrong but so from our exchange so far, I get:
1) SLJB debt free 2) SAM under SLJB umbrella also debt free 3) cash on hand = $4.5mil 4) Only you have been told not to sell shares but the trustees can still sell the remaining shares at any time?
Have the lawyers been paid cash or are they receiving shares?
bob....thank
you for your concern, however, I am not sure what it is you would like
me to tell them. I still see nothing wrong. Now either I am a complete
idiot or I still believe that what was done was correct. I am hoping I
am not an idiot.
Petar
that I can understand.Seems you were put in a position between a rock
and a hard place and released information you had no real knowledge how
to confirm.It is also clear that the original CPA firm screwd the audit
real bad.We as shareholders have taken a big loss so far and do hope
this mess can be explained to us so we can make educated decisins how
long to hold this stock.I have always felt Sulja was a real and growing
company and will remain a shareholder until proven other.Thanks for
your response good luck with that Lettar you recieved.snips007
Petar, in case you missed my question, which is critical to me and many others:
1)
Why did SLJB unrestrict and/or sell massive amounts of shares when the
price was around .10 per share? Did you/they know it would tank when
the audit didn't come out? We need a reason to trust we weren't pump
& dumped, as it appears to me.
I understand you didn't own
shares personally, but it looks like the company/Steve Sulja made a
bundle, and sold early knowing that the confirmed audit release data
was not going to happen. THIS IS MY #1 PROBLEM, and I cannot throw
support behind the company until I understand this better.
Petar
that is correct you really do not have to be here, however you have
chosen to do so. In choosing to do so you had to realize that you were
going to be asked many questions. Not only questions that you may like
to answer but those you do not really want to answer. We as
shareholders have paid and deserve to have those answers! We as
shareholders deserve to know when Wessal was out of the picture? We as
shareholders deserve to know when Sulja began selling shares into the
market? We as shareholders deserve to know when you knew the AF's were
bogus as compared to the unaudited financials? It is easy to say let us
move on and be constructive now. Because it seems like you would like
us to just bury our heads in the sand and not ask these questions.
1)
Why did SLJB unrestrict and/or sell massive amounts of shares when the
price was around .10 per share? Did you/they know it would tank when
the audit didn't come out? We need a reason to trust we weren't pump
& dumped, as it appears to me.
I understand you didn't own
shares personally, but it looks like the company/Steve Sulja made a
bundle, and sold early knowing that the confirmed audit release data
was not going to happen. THIS IS MY #1 PROBLEM, and I cannot throw
support behind the company until I understand this better.
trust me. I am trying to get to all the questions.
1)first
off...we did not sell massive amounts of shares. Try to remember, we
believed that we would be able to deliver th afs so why would we sell.
Every day the people at sulja go to work including the sulja family.
And yes, the company made money from the sale of shares...NOT
STEVE...is that not the reason for going public? Sulja went public to
expand and in order to expand....the company needed money. It's really
that simple.
Flippertilldeath said... Correct me if I am wrong but so from our exchange so far, I get:
1) SLJB debt free 2) SAM under SLJB umbrella also debt free 3) cash on hand = $4.5mil 4) Only you have been told not to sell shares but the trustees can still sell the remaining shares at any time?
Have the lawyers been paid cash or are they receiving shares?
lasernat...I
am not dodging any questions and would not be here if I didn't think I
could offer some answers. I don't expect this to be a love in at this
time...It's okay, I am somewhat thick skinned...but I also have to
defend my corp and sljb when we are accused of things we simply did not
do. I am sure you too understand.
PNV
wrote: And yes, the company made money from the sale of shares...NOT
STEVE...is that not the reason for going public? Sulja went public to
expand and in order to expand....the company needed money. It's really
that simple.
You raised all this money based on fake numbers and pr's that were incorrect.
Give
the money back and start with the truth, then let's see how many shares
SLJB could have sold and what pps highs would have been...
This
is WillyWizard. I have profiled SLJB since it was LoftWerks. I have
also doubled my position recently. Once this year end tax loss season
is over sellers will think twice about selling.
I would like to communicate by phone. My email is willywizard@comcast.net my real name is Hal Engel.I have some info that you might find interesting.
1) SLJB debt free 2) SAM under SLJB umbrella also debt free 3) cash on hand = $4.5mil 4) Only you have been told not to sell shares but the trustees can still sell the remaining shares at any time?
Have the lawyers been paid cash or are they receiving shares?
1)yes..aside from a few vehicle leases.
2)yes...sam is now sulja...no longer sams.
3)cash
on hand I believe to be about .5 million...I must have missed that one
or if I answered 4.5 million, I didn't understand the question.
4)trustees have no more shares to sell...all are being returned to TA.
insider....what
are you saying? I am saying they are real prs and you saying they are
not....let's just stop this nonsense and see where this is leading....I
know what is true, you are simply speculating.
Petar
you say you are trying to protect the company. In trying to do that you
say that you parted ways with Wessel because they wanted more control.
As a public company the shareholders are the responsibility of the CEO
and its officers, correct? As a public company giving control to Wessel
would have resulted in a profitable share price for the shareholders,
correct? Then why would you not give Wessel the control outside of some
type of ego thing? And yes we still want to know that date certain that
Wessal was no longer involved with Sulja? Thank you.
1) SLJB debt free, aside from leased vehicles 2) SAM is now SLJB also debt free 3) cash on hand = $.5mil 4) Trustees have no shares to sell so float is 608mil 5) lawyers all paid for with cash
OK, now, shares are backed by the company so the shares have value based on the above, correct?
Where is this documented, in Nevada? Is there a site we can get this info?
(keep in mind this is the basics of the company for any shareholder)
without
knowing the details of the deal with wessal, how can you make that
statement? As CEO, I did what I felt was better for sljb. Perhaps you
would have done differently. Who knows?
If I was at a shareholders meeting and asked- who is Wessal? And the
company responded - We work with alot of companies, do you think we
would not work with a real company? How do you think shareholders would
react to that?
So - just so I am clear, you don't feel investors have the right to know who Wessal is?
I
am not a basher. In fact, I have held through all this turmoil, I have
even defended your company. And now, yes, I am rather insulted this is
the response I am getting. But please, make it clear to everyone
here that we do not have the right to know who the companies are that
sljb pr's? That is just astonishing to me this is your answer?
I do not understand why you wont answer this question. Wessel was PR'd
by SLJB and was going to have an important role with this company and
according to your blog here, might still play a role. I am just asking
you to provide info on them - it is a very reasonable question to ask.
'what are you saying? I am saying they are real prs and you saying they are not....let's just stop this nonsense'
real PRs? - revenue numbers that were withdrawn months later: FALSE - the statement NOT to touch the share structure: FALSE - the 350M cement deal: not closed: FALSE
who is telling nonsense here?
Your quote: 'Sulja went public to expand and in order to expand....the company needed money. It's really that simple."
FALSE
again: Companys with a 25 yr track record dont need to go public and
screw shareholders to get money.. They can get loans from banks and
institutions.
lasernat...all these details will be provided to you by the company.. I
simply can not type that fast and as I said before, sljb is still
working with wessal and I will not be the cause of breakdowns in those
talks. I will say that I simply did not agree with the direction in
which I saw thing heading at the time. It will all be much clearer
soon. I believe my actions were correct.
PV
I have been getting back to basics with you so I don't want to cross
over the line here but Consultech had 200mil and 300mil was being held
for future merger.
Now all that is off and we have 608mil in O/S, or 800mil, I forget but float is 600mil+.
"trustees" sold but money was given to SLJB for whatever....
About $4.5 mil was spent on something, assuming SLJB used it's own rev/income to continue normal business ops.
To say SLJB never had control of the shares, but benefitted from the sales of those shares, leaves much for interpretation.
Can
you pls give an answer to my last post...."shares are backed by the
company so the shares have value based on the above, correct?
Where is this documented, in Nevada? Is there a site we can get this info?"
FALSE
again: Companys with a 25 yr track record dont need to go public and
screw shareholders to get money.. They can get loans from banks and
institutions.
True. But companies all go public to expand their
business and pay down debt. Doesn't matter if they are in business for
100 years.
In order for a shareholder to be screwed, someone
other then the company has to take the money. Again, that is not the
case here.
Quite simply, no money is lost by an investor till
the share is sold. If an investor sells their shares as we witnessed a
few weeks ago, below what they paid....money is lost and share price
drops. What does sulja have to gain by such actions? Really, if this
was a scam, I would simply release the numbers and go for a ride. I
really would like to know what we would all be doing here if this was a
scam. Wouldn't you think we would simply leave? That's what I would
expect, but then again, I am not too good at this.
Ok
you say SLJB is still working with Wessel. But at some point in time
you would not give them control and they simply sold their shares. How
would giving us that date break down any future relationship if it
existed at all. We have been hearing for months now that everything
will be made public and brought to the light of all. But none of this
has happened. SLJB seems to be ignoring the whole situation hoping it
will just disappear. You want us all to TRUST you but you are not
willing to divulge information to reestablishe that trust.
insider...if
memory serves me, Chad didn't get involved till the sljb days. As much
as I would like to pass it on to someone else, I can't and will not.
Chad had nothing to do with lfwk to the best of my knowledge. Let's try
to keep our anger focussed on the people involved with sljb.
lasernat...I
really want to answer you and everyone else. I will not answer
questions asked with innuendos and sarcasm. Just ask the question
without the comments and perhaps I will take them far more
seriously...thanks
Re: "PNV - trust me. I am trying to get to all the questions."
Thank
you for the direct reply Petar. I'm eager to hear more when things
become more clear to you, specifically regarding the selling of
restricted shares right before the financials were put on hold and the
price tanked. I'm sure you can see why we fear we were suckered, as the
float grew so much during that time.
I
tried that and you still did not answer which is why I threw in some
comments but you already know that. But here goes again, I will start a
blog so it looks proper.
Flippertilldeath said... PV
I have been getting back to basics with you so I don't want to cross
over the line here but Consultech had 200mil and 300mil was being held
for future merger.
Now all that is off and we have 608mil in O/S, or 800mil, I forget but float is 600mil+.
"trustees" sold but money was given to SLJB for whatever....
About $4.5 mil was spent on something, assuming SLJB used it's own rev/income to continue normal business ops.
To say SLJB never had control of the shares, but benefitted from the sales of those shares, leaves much for interpretation.
Can
you pls give an answer to my last post...."shares are backed by the
company so the shares have value based on the above, correct?
Where is this documented, in Nevada? Is there a site we can get this info?"
1) Thank you for ungagging the TA 2) Please ungag Steve and lawyers. 3) Does Sulja plan on selling any more shares? 4) Does Sulja have any dealings with Emaar? There was a pr on this a while back.
shamantics....I
have to look into that with steve...curious to be honest with you.
These are things we left to people with a greater knowledge of these
markets then us...not passing the buck, simply saying I have to look
into it.
PNV
wrote: insider...if memory serves me, Chad didn't get involved till the
sljb days. As much as I would like to pass it on to someone else, I
can't and will not. Chad had nothing to do with lfwk to the best of my
knowledge. Let's try to keep our anger focussed on the people involved
with sljb.
Petar it is common knowledge that Chiphldr is Chad Curtis.
It is also common knowledge that he was one of the "insiders" that LFWK was refering to in pr's...
sljb has no plans to sell any more shares at this time or in the foreseeable future.
I will try to ungag steve.
sljb
deals with many contractors in the middle east some of which work with
emaar. this firm does not deal directly with suppliers rather, their
trades do. Communications with many firms such as these continues daily.
1) SLJB debt free, aside from leased vehicles 2) SAM is now SLJB also debt free 3) cash on hand = $.5mil 4) Trustees have no shares to sell so float is 608mil 5) lawyers all paid for with cash 6) no answer on funding the shares
Next
question: SLJB is now a stand alone publically traded company. It has
been stated that they are going to the Leb conf. What is the latest on
that action?
Petar
ok I will leave the date of the Wessal question alone as you seem to
want to take the fifth on that one however I did ask you earlier about
when you knew the audited financials were bogus compared to the
unaudited financials and you you responded a week I believe. Was that a
week before the crash or was that a week before Ramadan?
1. Petar, can you tell us what assets transferred from ME to Nevada once it was cleared by Dubai government?
2. In a PR by Steve, the company stated that it had enough revenues at the time of the PR to easily go on the Nasdaq. Does this still aplly?
3. Have you and Airys (Rick) set up a time so that he and StockHog (Paul) can verify past PR's?
1)
honestly not certain of asset value in middle east and I certainly do
not want to be quoted if I am not correct. I will look into getting an
accurate number for you.
2)Not sure what the exact requirements
are. I know we are looking into a bulletin board shell at this time. I
think it wiser to walk a bit more before trying to run, or jog for that
matter. I don't think it to be realistic at this time for sljb to make
the move to that high an exchange.
3) no time has been set as of
yet. I didn't realize that was the purpose of there trip but it makes
no difference. I am not sure if I am welcome to that meeting as of yet.
But from what I understand, they are planning to come up before the new
year.
fliptilldeath...I simply do not know what you are sking about funding the shares...please forgive my ignorance...
Lebanon
show is still a go ahead and we have no reason to cancel regardless of
what is going on at this time. sljb must continue moving forward doing
what it is we do...selling building supplies.
This is not my area of expertise so forgive if I mess this question up.
The
company has to fund the SPAC. This funding was supposed to be done with
the assets coming from ME. These turned out to be the contracts that
did not materialize.
From what I understand now, the SPAC or
share vehicle taken from LWFK, is not funded and SLJB shares are not
connected to any assets. This is my confusion.
If the shares are
backed by the company, they have value, thus SLJB can not trade below a
certain pps based on the potential future earning of a growing company.
Like
I said, I am trying to get back to basics. My area is in trading, not
running the business. I look at several areas but this is the first
time I have ever run across this situation and complexity when trading,
so forgive my "inexperience" with all questions.
Peter.
I have an average of 0..07 cents per share and my portfolio has gone
down big time. I am thinking to add some. Do you believe that investing
in SLJB is a good idea? Or is it better to wait. If you cant answer I
will understand.
Petar you did not say they were bogus but I asked you:
Petar
at what point in time did you realize the audit (if it existed) was not
in line with the posted financials on the Sulja site?
And you replied:
lasernat:
Of course the work was done and your statement, although you may think
them cute or witty, are not helping you, me or the other shareholders.
To answer your question:
About one week after reviewing the
figures. Posting total revenues on deals we are simply making a
percentage is incorrect. I asked that those figures be removed from the
website but was not aware that they were still somehow viewable.
So what I am asking now is did you know this before or after Ramadan? Or was this a week prior to the crash of the stock?
Petar
ok I will leave the date of the Wessal question alone as you seem to
want to take the fifth on that one however I did ask you earlier about
when you knew the audited financials were bogus compared to the
unaudited financials and you you responded a week I believe. Was that a
week before the crash or was that a week before Ramadan?
It was
brought to my attention on the 15th of november just before we were
going to post that certain facts provided by sljb and included in the
afs were not completely accurate. This effected the numbers in the afs
and when extended, portrayed an inaccurate accounting of sljb...there
were a few factors involved. one of these were the inventory numbers,
another was the fact that income from brokered deals were not posted
accurately which caused the final figures to be inflated. this was an
internal problem within our own accounting department and not the fault
of the auditors. I was thankful these mistakes were caught in time and
no laws were broken. Would everyone rather I simply post these figures
and then watch the stock crash later? I never wanted this to effect the
share price in either direction. We simply wanted to inform our
investors.
Why
in the world would any buyer in the middle et want to have a small
Canadian lumberyard be the middle man in these multi million dollar
cement stuff?
Why would they not go directly to the source like good business men and cut out the fees of the middle man?
insider...why
don't you call a major cement supplier or steel supplier and tell them
you want to buy their product in large quantities. They will always
protect their distributors. The deals arranged by us are very complex
and involve a number of players. Cement is like gold in todays market.
You
had to know that by not posting the AF's that the stock was going to
crash especially when telling people up to a least an hour beforehand
that you were on your way to getting them posted. Still they are not
posted. You say you did not post them because they were much lower than
the unaudited financials, is all of this correct?
Peter.
Do you believe the actual price reflects the real value of SLJB. Or do
you believe SLJB is undevalued? If undervalued, when do you expect
shareholders will see a fair price in the market?
Did I get lost or just didn't make my question understandable?....
Flippertilldeath said... This is not my area of expertise so forgive if I mess this question up.
The
company has to fund the SPAC. This funding was supposed to be done with
the assets coming from ME. These turned out to be the contracts that
did not materialize.
From what I understand now, the SPAC or
share vehicle taken from LWFK, is not funded and SLJB shares are not
connected to any assets. This is my confusion.
If the shares are
backed by the company, they have value, thus SLJB can not trade below a
certain pps based on the potential future earning of a growing company.
Like
I said, I am trying to get back to basics. My area is in trading, not
running the business. I look at several areas but this is the first
time I have ever run across this situation and complexity when trading,
so forgive my "inexperience" with all questions.
odi...What
I believe is not relevant. What is relevant is regaining the confidence
of the public and our shareholders. that is what we are attempting to
do at this time. When there is so much fog, it is sometimes best to
pull over and let it lift before continuing on your journey.
Is
the Windsor Star considered to be a reliable news source in your area?
I have only read one of their articles (any guesses as to which one?)
and choose to believe a hidden agenda existed. I have often wondered if
the reporter incurred a financial gain by showing Sulja in an
unfavorable way. I wonder if he was shorting the stock. Thanks for visiting with us.
fliptilldeath...let me see if I could get this right.
1)
all assets which were owned by sulja bros. building supplies ltd. in
Ontario are now owned by Sulja Building Supplies ltd. in Ontario. Every
last share of Sulja Building Supplies ltd in Ontario is owned by SLJB.
I am not certain of the value of these assets, as we are waiting
accurate figures from appraisals. I am certain that the value will be
in th millions. These assets belong to the shareholders of sljb and
nobody else. Is that what you are asking or am I just a complete idiot?
Sorry if I am...and I will try again.
Are
you stating that the audited financials were not published because they
were considerably lower than the unaudited financials and you feared a
stock crash?
Or are you stating that the audited financials were incorrect due to erroneous information given to the auditors by SLJB?
PNV
wrote: odi...What I believe is not relevant. What is relevant is
regaining the confidence of the public and our shareholders. that is
what we are attempting to do at this time. When there is so much fog,
it is sometimes best to pull over and let it lift before continuing on
your journey.
Petar, gaining public confidnce is done by "doing" not by talking or "bloging".
I like you Fog comment....Wish you would've given that advice prior to Nov 15th...
Wait hold on, seems like you did. But only to a select few..
4gemz...I
come from a large city where there are a number of newspapers printed
daily. The Windsor Star is the only game in town here. I would like to
think that they are reputable and I still subscribe to them. I can
assure you that this man has a dislike for me for some reason and that
he misquoted khan, sam sulja and me. Don't know why and really could
care less any more. The man simply hurt the shareholders more then he
did me.
PV, you did me justice. Now is there documentation somewhere that says this?
(As you can see the list gets bigger)
Learning a lot:
1) SLJB debt free, aside from leased vehicles 2) SAM is now SLJB also debt free 3) cash on hand = $.5mil 4) Trustees have no shares to sell so float is 608mil 5) lawyers all paid for with cash 6) all shares are backed by company assets 7) SLJB set to go to Leb conf.
insider....that
simply is not true and by saying so you are implying that I broke the
law. Please, if you have a factual basis of this, simply say so. This
thing you do either out of anger or for whatever reason simply makes no
sense to me. Either you are a angry person and I simply can not
convince you that I did what I did because it was the right thing to
do, or you too hate me and it wouldn't matter if I laid golden eggs at
this time. I am sorry for your anger, I am sorry what happened did, we
are trying to fix it, it appears you simply want to cry about it. Let
me know when the anger and tears stop because we could really use all
the help we could get right now.
Thankfully
this will be my last post. Please answer it. On the nite you were to
post the financials you told people you were on your way to have them
published. Yet according to your own admission here you knew you would
not publish the information for whatever reason. You want us to believe
you were so concerned??? You had in your power to publish a PR before
the bell rang in which to give an explanation as to the holdup that
could have saved the stock from crashing and you did nothing! WHY???
Petar
the deal might be complex for a run down lumbyard and ex painter who
could not count and came up with WRONG numbers on their supposed
"Audited" financials...
My dog coul secure 100 million dollars worth of cement...
bad
advice and my own stupidity to listen to it...knowing bad press was on
its way and trying to stop it (wasn't successful obviously). To put it
quite simply, I really messed up and was trying to fix it. We are still
trying to fix it and we will. To put it in a nut shell...I really
messed up and that is the reason I stepped down but did not run. All
honest mistakes can be fixed. I am done licking my wounds and will
correct all mistakes. A promise that means nothing to you I am sure and
for that I am sorry. But I will fix it.
petar, what happened to the previous a/f you guys pred may 5th?
"LoftWerks
Inc. (OTC: LFWK) announces its first exchange move milestone has been
achieved. On May 4th, 2006, the merged company of LoftWerks Inc. and
Sulja Brothers Building Supplies completed audited financials. The
audits were conducted by a premier international accounting firm. The
financials were submitted to the Company Directors and Gottbetter &
Partners, LLP on the same day. "
Peter, I see you have decided not to respond to my question about who is Wessal, correct?
You
had a perfect opportunity here to restore alot of investor confidence
just by providing all of us with verifiable info on Wessal. But you
chose not to.
I find your following words hard to comprehend now.
pnv said... odi...What
I believe is not relevant. What is relevant is regaining the confidence
of the public and our shareholders. that is what we are attempting to
do at this time. When there is so much fog, it is sometimes best to
pull over and let it lift before continuing on your journey.
The
fact that you didn't up and run after this all happened shows a lot.
People are not happy about the past, but the majority of us appreciate
the efforts your putting into getting SLJB back on the right track. The
past is the past and there is no way we can change it. Here's to a
bright future for SLJB.
insider...if
your dog is so good at selling cement, you should send him to the
middle east and have him make real money. Or better yet, tell him I'll
hire him. Good traders are hard to come buy. BTW...selling it is easy,
finding it is the trick. Ask your cat. She might have an inside on that
end.
I
would have to doubt the integrity and the wisdom of the editors of the
Windsor Star for allowing that story to be published. I certainly would
not continue to subscribe to that rag. Thanks for your time and enjoy the remainder of the holidays.
PV i see you are getting baited by some posters her so I feel I need to expose something here and now in order to continue:
I
held a lot of shares of SLJB and when it crashed I lost $62k. It did
not break me but it hurts, nonetheless. I trusted your words and SLJBs
PR's, like many others. I am angry about that and would like to know
the facts of the past 2 months.
Not being able to do that, I
am trying to put together the pieces of what is left. Sound familiar? I
have been labled a basher on IHUB and have been unfairly banned from
the site.
I have called you and the company liars because of that anger and do not know where I stand as of now.
This
is why I am asking these questions. If you are truthful about the
company starting over than you have no fault with me starting all over
as well.
Petar,
since this blog is hit or miss with questions and/or answers, why don't
you tell us anything and everything positive that is happening with
SLBJ that you feel that you can share with us. If you're looking to
restore investor confidence, rather than answering the multitude of
questions... just give us a brief synopsis of developments, deals,
assets, news, whatever that is proof positive.
Let's for a
moment forget about any and all of the negative that may exist... just
give us the good things that you are willing to share.
Come
on, guys.. badgering a man when he's down by his own freely-admitted
mistakes helps no one except, of course, to inflate your childish egos.
The mis-steps cited today haven't been proven to be willful as
yet...if they're proven to be so, the crap will hit the fan. Until that
time, can we not at least respect a man for trying to repair a mess
caused more by simple ignorance than anything?
thank
you flippertilldeath...I will be as truthful as I can... that means I
will tell all I know. Bashers are as much a part of this as people who
wrongfully promote. So long as you are a shareholder, I am at your
service in respects to sljb. Everyone's help is welcome and required at
this time.
The
deal is complex? You find someone selling and put them in touch with
someone buying and collect a fee.. Once again why would a major
contract come to a little depressed town lumber yard to broker a
massive deal such as the one PR' D.
Also, since every PR
inclusive of the Ammerman days have been full of exaggerations at best
and lies at worst why would anyone be expected to believe anything this
company has to say.
Put it out for all to see or be found guilty in the court of public opinion.
insider...all
kidding and bantering aside....have you ever tried to secure cement?
Please, call a large provider, tell him you want only one million tonne
and will pay him $55.00 us a tonne. That's 55 not 48 or 50...offer 55.
Secure it without a 55 million LC and now sell it. Do this just 5 time
a year. Oh BTW,it sells for 65 a tonne in some parts of the world and
still they can not get any. There are so many variables and deals like
this take a long time to coordinate. There are port restrictions,
shipping considerations, bonds, insurance..ect. It really is not that
easy.
"thank you flippertilldeath...I will be as truthful as I can... that means I will tell all I know."
It
would put me at ease if you/SLJB provided some form of documentaiton
that shows the connection between the shares and backing by the
company. I know you have nothing available right now but there is a
papertrail whether it is one or 50 pages.
Learning a lot:
1) SLJB debt free, aside from leased vehicles 2) SAM is now SLJB also debt free 3) cash on hand = $.5mil 4) Trustees have no shares to sell so float is 608mil 5) lawyers all paid for with cash 6) all shares are backed by company assets 7) SLJB set to go to Leb conf.
Clarification:
1) tire manufacturing plant - no deal 2) $98mil cement deal mentioned on SLJB blog a while back - no deal 3) Recent cement deal - still not finalized 4)
Cement which is owned by SLJB and held "on credit" - what is this
worth? (is this part of the AF which is being prepared since it was
aquired sometime ago?)
insider....I
am not asking you or anybody else to believe me. I am simply relaying
the facts. Believe what you will and please, after reading all you have
wrote, do not tell me that you believe anything I say now or in the
past. So...knowing that, why are you so upset?
Could you ignore insider for a moment....obviously you will not say enough to make him belive in the company.
Could you please answer the following post by lumber.
Thanks in advance. Lumber said...
Petar, since this blog is hit or miss with questions and/or answers,
why don't you tell us anything and everything positive that is
happening with SLBJ that you feel that you can share with us. If you're
looking to restore investor confidence, rather than answering the
multitude of questions... just give us a brief synopsis of
developments, deals, assets, news, whatever that is proof positive.
Let's for a moment forget about any and all of the negative that may
exist... just give us the good things that you are willing to share.
insider....you
are right....I hope that will be very soon so I don't have to keep
repeating myself...But if you really do not believe this or anything
else to be true, then, if you don't mind my asking, what are you still
waiting for?
cm3...fogive
me please. If you wou;d allow me some time, I will write a little
something about what I know to be true about this company and where I
feel it is going. I will post it later tonight but remind you that I am
not CEO any longer and I do not now or in the past own any shares.
Therefore take what I write with a grain of salt. I will not try to
mislead or misinform you. I will simply give you my opinion using facts
that I know. Is that okay?
pnv said... and
who is holding cement on credit?...where did you get that info? We are
brokering a deal....People, can I make this any clearer? _________________________
Well,
this is how it was laid down to me, since that is all I can speak for.
Had I access to my full subscription on IHUB I could pull that info up.
I
was under the impression from your meeting in Canada with "the IHub
two" A and stock hog, that SLJB was given a buch of cement to sell and
they "owned" it outright.
It may have gotten skewd in
translation. Also from Dec 6 PR: "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."
Was this paid for out of the money raised from the stock selloff?
Peter
- investor confidence can come back. You being transparent here will be
a good and valuable step in the right direction, for everyone.
Reasonable
and trustworthy time frames and verifiable info is the other half of
the equation. With that said, the deal PR'd 2 weeks is what most are
waiting on. I am sure you are aware of this.
When do you think investors will hear informaton about this deal?
To be honest Petar, I am waiting to see how many more times you and SLJB will put your foot in your mouth.
I'm waiting and watching in utter amusement and disbelief that trust but verify is a concept that is unknown to some.
I'm
waiting to see how the story of SLJB and it's cast of characters (and
trust me there are a lot, from posters on ihub to it's mods, to former
and current posters who were insiders in lfwk and sljb and to the
blogger known as the worm) ends.
I watch in utter amazement that you would start another blog. And that you would find another text message buddy.
pnv said... cm3...fogive
me please. If you wou;d allow me some time, I will write a little
something about what I know to be true about this company and where I
feel it is going. I will post it later tonight but remind you that I am
not CEO any longer and I do not now or in the past own any shares.
Therefore take what I write with a grain of salt. I will not try to
mislead or misinform you. I will simply give you my opinion using facts
that I know. Is that okay? ---------------------------------- That
works for me. I'd really like to hear what you believe to be true (not
what you hope to be). Any verifiable info would also be greatly
appreciated. I'm in this just like everybody else (and in the red) and
i want to know what the company is doing to get us back on track and
moving foward. What we as shareholders can expect in the future.
Sophia....I
could actually answer that question not as a member of the sljb team,
but as KORE...so take it and evaluate it for what it is worth. The
buyer has provided us with a draft LC which is to be perfected by the
sellers bank within 5 business days. I want to ensure everybody that
all contracts and master fee agreements have been signed at the time of
the pr. getting banks to agree to conditions of th LC has proven a bit
more difficult as both sides jockey for a better position. This is a
world where even .05% matters and we must allow both sides to satisfy
themselves. Sulja Building Supplies is listed on the master fee
agreement for .90$ us per metric tonne and all docs have been
registered with the appropriate government ministries and banks.
1) Flippertilldeath said... pnv said... and
who is holding cement on credit?...where did you get that info? We are
brokering a deal....People, can I make this any clearer? _________________________
Well,
this is how it was laid down to me, since that is all I can speak for.
Had I access to my full subscription on IHUB I could pull that info up.
I
was under the impression from your meeting in Canada with "the IHub
two" A and stock hog, that SLJB was given a buch of cement to sell and
they "owned" it outright.
It may have gotten skewd in
translation. Also from Dec 6 PR: "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."
Was this paid for out of the money raised from the stock selloff? ______________________________
2)Flippertilldeath said... PV caught a funny on your part...it's flippertilldeath, not flipperforlife!!
But
if you get a chance, tell "A" to give credit where credit is due. He's
posting your answers to my questions as his posts on IHub!
utvolsfan....thanks
for the support, but maybe insiders has genuine concerns but is just
angry due to the lack of communication. A lot of his questions were
valid, he just presents them in a very negative way. We have a whole
lot of negative at this time and I think we need a little more positive
right now. Let's be real for a second if we may...If trading in Ontario
is halted, we as a company and all it's shareholders must address this
issue or at least prepare ourselves for the short term "worst case
scenario" Steve will need all the help he can get and perhaps even
insiders might have a few valid suggestions he could share.
flippertilldeath...9sorry
about the name thing BTW)... these are allocations given to us by
manufacturers. In short, we are given the right to sell before anyone
else. This is actually a big deal and not easy to achieve and quite
frankly, we pulled a lot of favours to get to this point.
utvol...Fortunately my life and money is a secure and fullfilling one.
Wish
I could say the same for all current SLJB shareholders who have to come
to a blog started by an ex CEO of a stock that has fallen from .20 to
.015 looking for answers.
petar,
you said something like you and steve have always planned to uplist to
otcbb. now, you did not take any steps in that direction whatsoever.
what kept you from registering with the sec and file audited 8ks for
each deal or aquisition? it would have costed you less money than all
the lawyers you pay now, plus it would have eliminated all the
uncertainty surrounding the deals/aquisitions.
spaceheater...I
sure hope not. We are so busy already without that headache at this
time. However, if you want my opinion, I think they will till they get
a full understanding of what has transpired. I have no concerns
explaining to them whatever they ask...my concern is the effect that
this action will have on the shareholders. Sulja will continue on its
path regardless, our shareholders will have to, once again, guide
themselves through blind faith. I know steve will not fail you. He
really is a good man and the entire sulja family believe in what they
are doing and are thankful to all the shareholders. This I know to be
God's truth and nobody can tell me different. time is what we need
right now and a little more faith from the shareholders. But I can not
ask you to stay....only to have faith. If laws were broken, penalties
will be passed down. If we did anything wrong, we simply ask the
opportunity to correct our actions not in lieu of any penalties but
because we intended this to be a great company and still insist on
completing what we started.
Flippertilldeath said... DO I have this correct so far?
Learning a lot:
1) SLJB debt free, aside from leased vehicles 2) SAM is now SLJB also debt free 3) cash on hand = $.5mil 4) Trustees have no shares to sell so float is 608mil 5) lawyers all paid for with cash 6) all shares are backed by company assets 7) SLJB set to go to Leb conf. 8) tire manufacturing plant being supplied by SLJB 9)Cement allocated to SLJB so SLJB can make deals knowing they have a ready supply 10) 1st cement deal being approved by banks, maybe another week til finalized
Next
question: OSC has issued letter asking "trustees"/company...whoever is
selling shares, to stop. This matters not because the remaining 192mil
shares are returned to the TA and to the treasury and will not be sold?
flippertilldeath...steve
and I agree on this point. SLJB has no intension of selling any more
shares at this time. As a matter of fact (here's a little tidbit for
you) it was decided prior to November 15th that November 14th was to be
the last date the trustees were to sell. Now there are those out there
that will think the worst of that statement. It was believed, however,
by steve and myself that if the afs were released that the share price
might climb and we didn't want it to appear that we were profiting or
munipulating in any way by the release of the afs. Steve and I agreed
to this and signed off on it.
1) SLJB debt free, aside from leased vehicles 2) SAM is now SLJB also debt free 3) cash on hand = $.5mil 4) Trustees have no shares to sell so float is 608mil 5) Company will not sell anymore shares 6) lawyers all paid for with cash 7) all shares are backed by company assets 8) SLJB set to go to Leb conf. 9) tire manufacturing plant being supplied by SLJB 10)Cement allocated to SLJB so SLJB can make deals knowing they have a ready supply 11) 1st cement deal being approved by banks, maybe another week til finalized
__________________________________
Assuming the above is current and correct:
Total rev for SLJB (inclusive SAM), before taxes for 2006:
if
I am not mistaken...first year end is december 31 2006. I don't think
the numbers will reflect that in such a short period. If you look at it
from a full 12 month perspective, the cement deal alone will provide
aprox. 8 million a year if this deal closes as I anticipate it will. We
will not see any profits from this deal by dec. 31st of 2006.
petar,
why don't you run all the me cement deals throught kore or consultech
instead of sulja? you broker those so you don't need sulja, plus from
what you say you don't own any sulja shares nor are you involved with
sulja other than being a consultant. why would you run the deals
through sulja and make no money, instead of using kore/consultech and
make lotsa money?
yes
I am confident that once we state our case and provide any info they
request in a timely manner, this should pass. All those involved share
this confidence.
Actually
i was basing the figure for regular earnings minus the cement deal. It
was reported that earnings for 2006 were to be a liitle on the short
side due to slowdown.
Offers me the chance to double up on my question though (sorry)
Not beating dead horse:
"steve and I agree on this point. SLJB has no intension of selling any more shares at this time."
with
the rev coming in, the cement deal for 2007, which alone should be a
huge boost to expendable cash, why not retire these share and boost eps?
in
my opinion....yes...I really can't answer the second part of your
question other then to say that I believe once the shareholders have
regained there confidence, the price should climb...until such time
steve and I could raise the dead and it will not help.
Thank you for the information. I am not sure why sljb could not have provided an update like that?
This is what hurts sljb. Not being accurate on their pr's - sljb comes off as incompetant.
People
in financing know that banking docs of this nature get tinkered around
with even at the very end and usually take an additional 2-3 weeks. But
not all investors know this. Why didn't sljb make that clear in the PR
as they should have, in my opinion.
The result is that sljb becomes a flippers game.
I say this as a shareholder. And I hope it is advice that is taken for what is: an attempt to make this company strong.
Thank you for your responses and I look forward to the information on Wessal.
I
believe we need to provide you with much more information in a proper
forum, not here, before this goes anywhere. I would like to see that
happen quickly as would steve.
actually
insiders, I forgot about you let alone make it about you. It appears it
is you who is trying to make it about you. It actually isn't about me
either...it is about the company and her shareholders....but thanks for
the input. Now, would you like to provide us with something
constructive? Something that might help us? Or would you like to simply
sit here all night attacking me and steve? I'm fine either way.
Petar. I really appreciate your time. Sharing with us!. The
last two months have been extremely difficulf for the shareholders. I
really hope you and the management team are doing the right thing in
order to solve all this mess.
pnv said... I
believe we need to provide you with much more information in a proper
forum, not here, before this goes anywhere. I would like to see that
happen quickly as would steve.
the
design depots are not yet opened. We have every intension of doing so
and the first one will be in the UAE. The purpose of these depots are
to provide high end finishes to that market. Anybody who has traveled
to this region will understand the need of such a depot. It works
because we plan to have small show rooms in the region and people will
come in and order their finishes. We don't plan to keep great amounts
of stock on hand at these locations thus keeping our overhead and
initial investment at a minimum.
I
am. Another Stupid mistake and following the advice of those who "knew
best". This wasn't meant to mislead, just a method to know who was
calling and for what reason. Stupid I know...but...
Do
you know about when the first design depot (the one in the UAE) will be
open? This seems like it will change the structure of SLJB
significantly. Is this the next big step?
Petar.
Investors have lost a lot of confidence in SLJB. Investors just not
believe in SLJB presses. Is there a way, that you can back up your
deals? I mean, audits are very important in this moment. People need to
believe in SLJB.
Questions, like who is Wessal are arising lately? Or how can a small company has a cement deal of such magnitude?
petar,
why don't you run all the me cement deals throught kore or consultech
instead of sulja? you broker those so you don't need sulja, plus from
what you say you don't own any sulja shares nor are you involved with
sulja other than being a consultant. why would you run the deals
through sulja and make no money, instead of using kore/consultech and
make lotsa money?
DOn't
know if you saw this? Your answer was not what I was referencing. You
posted an answer but I was unclear if it was meant for me. Forgive if
it was.
Here it is again:
Flippertilldeath said... Actually
i was basing the figure for regular earnings minus the cement deal. It
was reported that earnings for 2006 were to be a liitle on the short
side due to slowdown.
Offers me the chance to double up on my question though (sorry)
Not beating dead horse:
"steve and I agree on this point. SLJB has no intension of selling any more shares at this time."
with
the rev coming in, the cement deal for 2007, which alone should be a
huge boost to expendable cash, why not retire these share and boost eps?
petar,
i'm not trying to tell you how to conduct your business, but from what
i understand you get no money for u self from those deals. this i that
i don't get, why you chose to run the deals through sulja instead of
kore/consultech, what's in the store for you for doing that?
PNV
wrote: but thanks for the input. Now, would you like to provide us with
something constructive? Something that might help us? Or would you like
to simply sit here all night attacking me and steve? I'm fine either
way.
Yes I do have something that may help you out:
Shut down this blog, communicate through official pr's that are professional, to the point and accurate.
Apologize
and admit to false pr's. Give back any profits made by selling of
stocks by SLJB and it's insiders in the form of a dividend to
shareholders.
Need to take care of those who sold for a loss somehow.
December 26, 2006 4:58 PM ____________________________
boost eps. SHow no need to have them, drop O/S back down to 600mil, though up from 500mil. With
all debt paid and income already from regular ops, all the new overseas
deals should be gravy. You want to uplist, show the shareholders they
are important, especially after the beating we have taken...
If SLJB has what they need to move forward, why hang a noose over our heads...just in case!
what
about the future needs of the corp? Don't you think they should be
there just in case....and how about board strength? Shouldn't the board
in the future have the security of these shares? We are not going to
sell them. This should be an issue for the new board to decide on don't
you think?...we can restrict them I guess
I
know there has already been some questions answered about merging with
an already reporting company. Is SLJB actively trying to do this, or is
it just a possibility? As many have said, it seems like this could
solve a lot of SLJB's current problems. Is there a strong likelihood
that this could happen?
Petar.
Tks for sharing. I am not sure if I invested in the right company. All
I know, is that I am down big time. However, I hope you and SLJB team
is doing the "right" thing. This is all I ask. The rest will come in
our favour if that is the case. I hope the presses you released are
honest (at least a good %).
sophia....steve
was not in on friday. I do not know if he received or was to receive
anything from the osc...As far as I am concerned I feel we may be
halted in Ontario. This will be dealt with I assure you. We are not
going anywhere and are fully prepared to answer any questions any
regulatory body may have. To date, I am not aware of any requests
formal or otherwise made buy the osc for information.
Then
restrict away, though, those other shares were restricted as well, but
got sold....this has caused serious bashing of the stock.
You
have said you would copy and post Wessals license, which I assume you
received in order of doing business with. This, when completed is
appreciated.
Your meeting with the SLJB 2, or referred to as
"AirHog" on IHub, is for verification of past PR's and the paperwork
which supported them. This when completed is appreciated.
If you
could please read carefully my list and correct anything wrong or
misleading, according to you. (I understand SLJB has not imputed on
this list)
1) SLJB debt free, aside from leased vehicles 2) SAM is now SLJB also debt free 3) cash on hand = $.5mil 4) Trustees have no shares to sell so float is 609mil (191mil in treasury) 5) Company will not sell anymore shares at this time 6) lawyers all paid for with cash 7) all shares are backed by company assets (approx in millions) 8) SLJB set to go to Leb conf. (paid fee associated with registration) 9) tire manufacturing plant being supplied by SLJB 10)Cement allocated to SLJB so SLJB can make deals knowing they have a ready supply 11) 1st cement deal being approved by banks, maybe another week til finalized
I
must agree with Flipper on this last point - retiring ANY of the
191,000,000 shares in treasury would boost investor confidence.
It
does seem to be a noose over our heads - it lets the company remain one
step closer to serious dilution. If we KNOW they, or a portion of them
will never be needed, a PR announcing the retiring of 50 million or 100
million shares would be tremendous. Good point.
Petar, thanks
again for this opportunity - as we can all see, the tone is more
positive and constructive. As you said Petar, sometimes when driving in
a storm you just need to pull over and let the fog pass before driving
on.
Sorry
to repeat myself.. Is there a good possibility that SLJB will merge
with an already reporting company or is there just an outside chance?
Is the company actively persuing this?
well
everyone, I hope I was some help to you tonight. Please understand, I
am not here representing sljb, rather, I am here representing myself
and trying to relay to all of you what I know to be true. Have a good
night and thank you all.
1) SLJB debt free, aside from leased vehicles 2) SAM is now SLJB also debt free 3) cash on hand = $.5mil 4) Trustees have no shares to sell so float is 608mil 5) Company will not sell anymore shares 6) lawyers all paid for with cash 7) all shares are backed by company assets (approx in millions) 8) SLJB set to go to Leb conf. (paid fee associated with registration) 9) tire manufacturing plant being supplied by SLJB 10)Cement allocated to SLJB so SLJB can make deals knowing they have a ready supply 11) 1st cement deal being approved by banks, maybe another week til finalized 12) Actively looking for a merge with OTCBB company
ALSO: offering to present SS for 75mil shares into restriction, not guarenteed. _________________________________
About the merge. IS there any expectation that more shares will be added at that time or will the share count remain stable?
who
is this allinone? I assure you it is not me. I'm sure though that this
allinone has an ip address and once and for all this matter can be put
to rest.
don't
know....trying to do a straight cash purchase with no paper involved.
As I'm sure you are aware, people who own shells like paper and it is
hard to convince them otherwise. What we don't want is to go through
what Dennis did when he started. I think we have enough paper and would
really like to see it stay where it is without adding anything more.
Trust me Petar , Three investors plus myself will not rest until we see Allinone behind bars and labeled as a Felon. Can't wait to visit him and his siblings in Prison. I am relentless !
shareholder...if
you call sulja in the morning I'm almost certain they will give you as
they have others info on lawyers and accountants.
As far as to
why I am doing this...I was asked to by a number of shareholders. I can
not put out sljb pr or write on their site. I can only answer for the
time I was involved as CEO.
When
my personal audit was due last year I had to ask for an extension. It
took me almost three more months to gather some additional information
my accountant needed. Eventually I filed with a little added expense.
1) SLJB debt free, aside from leased vehicles 2) SAM is now SLJB also debt free 3) cash on hand = $.5mil 4) Trustees have no shares to sell so float is 608mil 5) Company will not sell anymore shares 6) lawyers all paid for with cash 7) all shares are backed by company assets (approx in millions) 8) SLJB set to go to Leb conf. (paid fee associated with registration) 9) tire manufacturing plant being supplied by SLJB 10)Cement allocated to SLJB so SLJB can make deals knowing they have a ready supply 11) 1st cement deal being approved by banks, maybe another week til finalized 12) Actively looking for a merge with OTCBB company...possible straight cash purchase with no paper involved.
ALSO: offering to present SS for 75mil shares into restriction, not guarenteed.
SLJB is not trading on any canadian exchanges, how can the OSC halt trading ? Or are you saying that the OSC can have people from ontario stopped from trading ?
Thanks Petar , we know who Allinone is and where he is ! Detroit . We will wait until he is sipping on bubbly and smokin Cubans to commence with the game !
Oh by the way please please please either upgrade the website or close it down . Just my humble opinion!
1) SLJB debt free, aside from leased vehicles 2) SAM is now SLJB also debt free 3) cash on hand = $.5mil 4) Trustees have no shares to sell so float is 608mil 5) Company will not sell anymore shares 6) lawyers all paid for with cash 7) all shares are backed by company assets (approx in millions) 8) SLJB set to go to Leb conf. (paid fee associated with registration) 9) tire manufacturing plant being supplied by SLJB 10)Cement allocated to SLJB so SLJB can make deals knowing they have a ready supply 11) 1st cement deal being approved by banks, maybe another week til finalized 12) Actively looking for a merge with OTCBB company...possible straight cash purchase with no paper involved.
ALSO: offering to present SS for 75mil shares into "retirement", not guarenteed.
I
will tell steve to upgrade. I know they were working on the products
page and a new flyer last week. Please fill me in about this
allinone....this is not the first time I've heard about this person but
nobody has ever told me what they've done....if they are doing
something wrong, please tell me and I will direct the proper people to
deal with them.....seriously
flippertilldeath....why
don't you call steve in the morning and speak to him about this....if
you can't get through, leave a message and I'm sure he will return your
call.
In distancing yourself from SLJB, your company(s) supplies jobsites as well?
What
does SLJB offer that yours does not? Trying to understand your
involvement with making deals for them. Are you on payroll? Commission
for deals? Does this conflict with your own business dealings? ETC...
As you can see by this post, he sure acts as if he's part of the company.
On 10/23/2006 @ 11:51:27pm
"Financials
are on their way. They have to be translated into some sort of funky
language for Edgar to accept them. Can someone out there will puter
savy tell me what language they have to transfer these in for Edgar to
accept them electronically? They can't scan them and send them over,
they have to transmitted in some sort of language. Help?
My Crystal Balls are my own, do your own DD before you invest! "
Yeh,
if I did that and he said he would consider it, I might be tempted to
buy some more and that would not be right, if he does. You making
statements on a public forum is one thing.....me doing that is another.
I will wait, thank you...LOLOLOL
flippertilldeath...I
said I would do this so I will...I really have nothing to gain and as
always, if sljb provides my companies with the same competitive pricing
and service as they have in the past, I will continue to use them.
Sorry Petar , my
investors and myself are down 210K between us on this turkey's
advice,timing,and credibility linking him to major players and
relatives of Sulija. We can handle this badboy ourself. One of my
investor friends flew from East coast to Westcoast when he found out a
guy that shafted him out of 10k was living in Northern California . It
cost him over 15K to find him just to look him in the face and well you
can only imagine . This investor is down 100+ K and is getting meaner
by the day . Allinone rest in peace ! We don't mind making a bad
investment choice but getting scamed , not acceptable .
SO, you actually broker the deal and buy the supplies thru SLJB to fill your contract? ______________________________
pnv said... flippertilldeath...I
said I would do this so I will...I really have nothing to gain and as
always, if sljb provides my companies with the same competitive pricing
and service as they have in the past, I will continue to use them.
okay...that's
kinda funky. Does anybody actually know who this person is? And why
would a company that spends on lawyers like most people spend on living
for a whole year ask the general public for help on how to file? That
is why I hate this internet thing...there really should be a way of
knowing who you are speaking with. I know in Canada, the supreme court
has ruled that a person who post is responsible for what they write and
can be sued as if they were writing in a paper or magazine...not sure
how it works in the states.
wow...flippertilldeath.
you sure read a lot from a sentence I typed..lol...where did that come
from. Where my companies purchase their products from is not in
question here. Truthfully, I don't know day to day where they buy from.
This changes daily. I do know that I don't need 100 million tonne of
anything during the course of the year. But I am a very small fish in a
very large pond. I may not use any cement in the coming year. I may use
some, but certainly not that volume. The US collectively used only 120
million tonnes on major projects last year. We may not use the whole
allocation and might only receive a portion of it next year. It is our
job to move as much as possible so that it will be available to us
again in 2008. My companies will I am sure use up some of it.
A
new question! I am wondering who owns the property in Colchester. I am
hoping it is SLJB. I recently took a drive across the river to look at
the area. It appears to make sense to develope this area into an
upscale vacation area. Let me say I visited the yard in Harrow and
Sulja's new yard (SAM). The people working there were very pleasant and appeared to be hard at work under some trying times. Send me a note at doubleeagle8870@yahoo.com, I want to buy you lunch one day soon.
shareholder....This
is where the problem began...please understand, till such time an
accountant can provide all of us with a audited closing statement of
old corp which in essence will be the audited opening statement of new
corp...I really just want to shut up about it. You see, old corp is
looking for tax relief, new corp is looking for the most legitimate
bang for the buck...somewhere in the middle is where the truth
lies....I will not guess. sorry
I guess that may have been a broad interpretation of what you said...LOL
You
did just confuse me. I thought SLJB was given the allocation. Thus you
would get it thru them and they would receive the allocation again next
year, if they sold it all.
Again, forgive me, I don't know the business end. I invest and/or trade. Are you "with" SLJB? ___________________________________ "We
may not use the whole allocation and might only receive a portion of it
next year. It is our job to move as much as possible so that it will be
available to us again in 2008. My companies will I am sure use up some
of it."
Thank
you dollar...I will...and the land in colchester is owned by a number
company of which I am part owner. There will be a total of six partners
in the project by the time we get started. and yes...Sljb has the
option of being one.
The
reason sulja could receive such a generous allocation is because it was
turned over by a number of companies which had smaller allocations. A
couple of those companies were mine. By giving up these allocations and
creating a larger broker of the product, our base price became much
less. Therefore it has become more cost effective for me and the others
to purchase through sljb then through our old method. sljb agreed to
share the savings with us all in return for this. it is a win win
situation and a great benefit for all those involved. We worked long
and hard on this deal and was born long before sulja decided to go
public. It also required sulja to have the means to accommodate this
deal. these means were achieved by going public. Many out there do not
like this deal as it gives many of us an edge in the market place. I am
sure you understand.
on
the deal now on the table....sulja will receive 90 cents on every tonne
sold. the contract is written for 27 million tonnes over three years
and is broken down to 9 million (approx.) per year. this translate to a
gross profit for sulja of 8.1 million US per year. This is only one
deal. A very large deal of course, but only one deal. Historically,
each deal will be about 1 to 3 million tonnes per year. Some may be
smaller but the profit is higher on those deals.
Here
are some of the reasons I invested in SLJB. On each of these days I
added several thousand dollars worth of shares to my portfolio. I'm
sure many have invested in it because of the same reasons. I do not
expect a reply for this as there is nothing really to say.
Unfortunatley, none of these reasons have come to verified fruitation
because of numerous reasons. I only post this so you see there are MANY
reasons shareholders are upset and are starting to think that this was
a "pump & dump" scheme.
Until you can prove that over 80% of
these were written in truth and honesty, then you will have a very hard
time regaining investor confidence.
Thank you again for taking the time to talk to some shareholders.
July
31 - CEO Steve Sulja stated that although "the numbers show a good
year, we intend to increase margins and overall revenues quite
substantially in 2006." The company anticipates NET profits greater
than $3M from the supply-side agreements it has attained with the Red
Sea Group, an investment banking and asset management group with
interests primarily in the Middle East.
Aug 2 – SLJB is meeting
with Consultech Construction Management and Emaar Properties, in
Germany, to finalize a major construction and supply agreement. A Red
Sea spokesperson commented: "The joint venture includes the supply of
lumber and other building materials for 3 new developments in Dubai and
Abu Dhabi. Sulja Brothers is expediting supply chains to meet the
immediate groundbreaking." A Wessal International Group spokesperson
commented: "The deal with Emaar Properties will generate $124 million
in revenue over the next 12 months for Sulja Brothers."
Aug 3 -
A Wessal International Group spokesperson commented: "Recent deals have
generated great interest in Sulja Bros. Building Supplies, Ltd. We are
now working with one of the largest investment banking firms to
complete the listing of Sulja Bros. Building Supplies, Ltd. on the
Dubai International Financial Exchange." Wessal International has
arranged for private financing of USD 25 million, of investment
capital, for Sulja Bros. Building Supplies, Ltd.
Aug 4 – SLJB
releases financial information. SLJB company spokesperson announced
today that Wessal International is purchasing 25% of Sulja Brothers in
the open market.
Aug 9 - CEO Steve Sulja states, "Sulja Bros.
had an excellent year and the Middle East projects are already
affecting the bottom line. The pro forma estimated revenue is
$307,007,451.50 and estimated net profits are $93,951,965.18.
Aug
11 - Moreover, CEO Steve Sulja stated, "We conservatively expect the
sale of the cement in Dubai to reach 180 million dollars over the next
twelve months.
Aug 22 - Sulja Bros. currently has 800 million
shares authorized with 500 million shares outstanding. All share counts
have been rounded to the nearest million. CEO Steve Sulja stated: "The
current outstanding shares are 500 million. There are 362 million
shares held by insiders. Of the 362 million insider shares, 162 million
are restricted. There are 138 million shares in the public float.
Aug
23 - CEO Steve Sulja stated: "The State of Nevada has received the
assets. The balance sheet has been sent to our auditor and we expect to
have the audited financials completed in mid-September. We are pleased
to update our shareholders of the asset and audit progress. KPMG and
Price Waterhouse Coopers will complete the audit and the assets are
contained in the upcoming audited financials.
Aug 25 - SLJB
announced today that the company is building a Design Depot for higher
end products and fixtures to supply the builders and developers in
Dubai.
Sep 5 - 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."
Nov 3 - Sulja Bros. Building
Supplies Ltd. (Other OTC:SLJB.PK - News) today announced that the Board
of Directors has completed the in-house review of their financial
audit, and they have set a "date-certain" to release the information.
CEO Petar Vucicevich stated today, "We have collectively agreed that on
November 15, the audit will be posted for public inspection on www.suljabros.com.
We also agreed that we would make every effort to post the document
sooner than the 15th (November) if at all possible." Vucicevich further
stated, "We understand fully and completely the time issue involved and
the necessity for complete accuracy in the audit report.
I
would love to continue but I do need to get to other things and you
have been very helpful understanding the current situation. DO you know
when you might be back on, before your meeting to discuss the PR proof
with "AirHog"?
I am sure they will want an update on the retiring of any shares as well as many other quesitons.
I
am confident with my list I have presented to you. Now, if the company
would just post that list and confirm it, we'd all be on course to a
new beginning.
yankee..I
am sorry to hear that you and your friends lost so much....I am trying
through the efforts of many to turn this around honorably and honestly.
Petar, thanks , you need to turn this thing around starting tomorrow so more investors won't turn into 100s of revenge seekers ! Just my Honest Opinion . Good Luck
bounce
back...I know this is important to all...but really, we are going to
wait. In a lot of ways, by my giving dates or approximates has caused
us all a whole lot of grief and I will not add to this grief. I vote we
all wait and I know that this is hurting a lot of people. I just want
the truth to be known and real and not something "I think". I am sorry
I can't answer. I made too many mistakes in the past and now I just
want to make things right. Good, bad or indifferent, the numbers will
be right when they are posted.
Wish
all of SLJB the best. Hopefully 2007 will give us more things to be
grateful for and SLJB will be able to silence all the skeptics
(including myself).
Good luck to you Petar, both personally and
professionally. I know your shoes aren't the easiest to fill,
especially the last few months.
yankee....in
this world of pinks I have discovered there are truths and there are
frauds. Then there are those who try to convince you to do things to
benefit themselves. It's lonely over here and at times we may have
taken advice from those we should not have. We are new at this and that
is in no way meant to be an excuse. We just don't want this one to be
known as a fraud and we are doing everything to try to correct any
mistakes we have made. I believe this to be a great company with a
great future. We just need to repair the past for the next sort while.
We can not change that we can only get on with it and face whatever
music is coming our way. We will not let any of you down again.
pnv said... "We will not let any of you down again."
Can you please do something to prove that the shares are worth more then one little penny ? Quickly, as it will probably continue downwards real quick to sub-penny.
Wow
that was some read!! Thank you Petar for the updates. I too think SLJB
is a real company an have not to this date sold any shares. If share
price comes up to where I can regain my inital investment I probably
will sell but will retain a sizeable number for the long term. Hope you
can attend meeting with Rick and Paul I know they would want you there.
You and Steve are the ones that said SLJB made 16mil in net profit. You
guys reported that insiders owned more shares than the A/S has. You
guys are the ones that said you were getting 25mil from Wessal....and
that never happened. You are the one that said they are buying 25% of
the company. You guys are the ones that said SLJB has enough money and
didn't see the company diluting in the near future. You guys told us
that the company is making 16mil in net profit...if that was true, then
why do you all of a sudden say that the company went public to raise
money. You guys are the ones that gave a Rosy picture, lied to us, and
now you want to put things in a way that makes it sound like you didn't
mean to do anything wrong. Get real....you are the one that said over
and over the AFs will be released and you also had knowledge of PRs
that were false or were incorrect, or failed for some reason but failed
to let shareholders know.....even though the company was selling
shares.
You have said you are going to do this and that in
the BLOG....much like what you said when you were the CEO. What
Happened....Market Cap reduced by 80mil plus and you give every excuse
known to man. We need results....not excuses. We need the company
retiring 50% of the float at current prices. We need for you and Steve
to get results...that's it. Why don't you put a bunch of money into
SLJB stock and by 10% of the float? Like they say....put your money
were your mouth is. If you did that in the past I bet half the lies
would have never came from the company.
Just found this new blog about SLJB. Excuse me for asking, but why would this info from Petar be any more reliable now, than when he was actually CEO...?? Doesn't seem like he delivered any of the things he promised on the SLJB web site blog...!! I have sent many questions by email thru the SLJB site... No response of any kind. Why would he be able to give out accurate info here...?? Thanks.
you want to regain Shareholder's trust?Why don't Steve and Sulja's believers or even you BUY some shares? Why don't you spend some $$ to buy 50-70mil shares if the price is so undervalued as you are impression??
I know there hasn't been alot of thanks towards you for trying to
better the situation, but I want to extend my gratitude for yesterday's
session. Alot of people are skeptical and are emotionally linked to the
last few months---which is completely understandable, but at the same
time I think the ferocity and volume of attacks have been ridiculous
lately. Anyway, I hope for the best for the company and yourself
for 2007 and that you'll continue responding to any questions raised
until things are settled.
Bikerider99
asked you a question I copied and pasted below. Do you have any idea
that you and Steve caused hundreds or thousands of people to lose 10's
of millions of dollars based on nothing but lies and you come on here
and have the nerve to post what you do. In one of your post you put
"god Bless".......well you know what??? I hope he makes the saying of
"what comes around goes around". I hope the worst for you, steve,
family and friends that benefited from what both of you have done. You
treat this like a game but both of you have failed to realize how this
has impacted thousands of people. I hope you guys end up in jail, your
family looses everything and the company gets shut down and every
single person that works for you or Steve doesn't have a job. How would
you feel knowing all that happened because management within SLJB
failed to do their job, lied, and lied.
bikerider99 said... petar,
why don't you run all the me cement deals throught kore or consultech
instead of sulja? you broker those so you don't need sulja, plus from
what you say you don't own any sulja shares nor are you involved with
sulja other than being a consultant. why would you run the deals
through sulja and make no money, instead of using kore/consultech and
make lotsa money?
Tell me Petar, how much are you receiving in "consultation" fees and it was authorized by whom? How much did you receive when you were CEO and that sum was authorized by whom ? Who selected the Board of Directors ? Who are the Primary stockholders at this time ? Why are you now and why have you ALWAYS been the spokeperson for the company ? Why do you think the perception is that you are a criminal and responsible for the demise of this stock ?
Search for Dun & Bradstreet reports on this company.
Address: 4568 S. Highland Dr. #202 Salt Lake City, UT 84117 USA
Phone: 801-278-9424 Fax: 801-278-9290
Business Description: he
Company ceased operations in June 2002. On July 15, 2002 the Company
filed a Form 15-12G suspending its reporting with the Securities and
Exchange Commission.
Primary State of Incorporation: Delaware
Country of Incorporation: USA
Officers: William Stoddard, CEO; Thomas Howells, President
Fiscal Year End: February 28
Edgar Filing Status: Non EDGAR Filer
Outstanding Shares: 40,543,238 as of 2006-02-06
Estimated Market Cap: Not Available Authorized Shares: 55,000,000 as of 2006-03-20
Current Capital Change:
Dividends:
Company Notes: Formerly=Inter-Med International, Inc. to 9-90 Formerly=Cyclo3Pss Medical Systems, Inc. until 2-95 Note=7-02
company suspended all operations due to inability to obtain financing.
Company notified creditor of inability to pay a loan secured by all the
company's assets
Class Notes: Capital Change=9-8-93 shs decreased by 1 for 5 reverse split.
Transfer Agent: Interwest Transfer Co., Inc., Salt Lake City, UT 84117
let
me get the straight. you are not the CEO of sulja bros anymore. yet,
you wake up yesterday, called airys, set up this blog and post hearsay
info about a company you ran from .14 down to .015 for 9 hours. why? i do not believe 1 word from you or the real management team(whoever they are).
let
me get the straight. you are not the CEO of sulja bros anymore. yet,
you wake up yesterday, called airys, set up this blog and post hearsay
info about a company you ran from .14 down to .015 for 9 hours. why? i do not believe 1 word from you or the real management team(whoever they are).
December 27, 2006 8:54 AM
marketmann said... 1 more simple question. why are you here? what are you getting out of this blog?
I'll tell you what Black Petar,
I have read most of the garbage you have disseminated and there is
absolutely NOTHING you have said or will EVER say that can absolve you
from what you have perpetrated. I cannot and will not listen to your
vacuuous explanations. What I can and will tell you is that in the
future you MUST look in EVERY direction for threats which may confront
you. This should NOT be construed as a threat but it SHOULD be
construed as a CAUTION ! You continue to conduct your life normally and
it shall be terminated suddenly and violently......and THAT I can
almost guarantee !! Somewhere, sometime, someone who has suffered at
your hands will find a way to cause you great harm and of that you can
be assured. If I were you, I would invest in the best legal
representation available, spend every cent I obtained illegally and
THEN I would find the biggest, meanest bodyguards money could obtain
but then I would be fearful of THEM because people can be bought -
always. You KNOW that to be a fact !
UPDATE as per the company... Investors
should not rely on any statements purporting to be by or on behalf of
the Company other than those contained in this release or any future
press releases issued by the Company.
Posted by: asus In reply to: None Date:8/30/2006 2:46:50 AM Post #of 242461
Interview With Chad Curtis:
Enclosed
are nearly all of the questions I was emailed this afternoon, and the
answers in BOLD are direct answers from Chad Curtis of Marquee Asset
Management.
Can they put more details in the press releases?
For example, the Design Depot PR had no details on location of the
parcel, date of groundbreaking, estimate of sales, estimated opening
date, etc. PRs should read like a business plan summary for the item
they are releasing press about. Vague PR's are fuel for bashing and
rumormongers.
We’re working on it, a lot of contracts are still open, some are in the closing stage, some are being finalized.
How many employee's they 'SLJB' has worldwide....and then how many are currently employed in the middle east?
In the two locations Sulja and IBP months ago they were known to have well over 40 employees.
What
are the specific requirements that Wessel must satisfy before they can
purchase shares of SLJB? How far along are they in this process?
Private contract not disclosed to public. Close to the end to start buying in my opinion.
I
would like to have additional information about the "pr" saying that
SLJB was purchasing a lumber mill, most importantly, when is the
closing expected?
The negotiations are on the table – the
final contract has not been signed, they are still in talks with the
lumber mill company
It has been stated through PRs that Sulja
Bros wants to take this stock to the NASDAQ. Please explain what
regulations you must follow to achieve that goal and what PPS you must
achieve and/or maintain and for what length to enable listing on the
NASDAQ?
You must qualify for the OTCBB, become fully reporting, apply for the NASDAQ with a $4 price
In
previous PRs, it was stated that there were 300,000,000 shares set
aside for a merger with Consultech. There seems to be some confusion as
to the actual current corporate structure in relation to the Loftwerks
reverse merger or takeover first of all. Please explain.
It
was more of a hostile takeover, old management was removed, their
shares were purchased. 300M shares are still set aside for Consultech
Construction Management Midwest. LFWK was taken over to protect joint
venture interests of CCM and Sulja
Second part of the question
is, once the Sulja Bros/Consultech merger takes place, where does that
place Sulja Bros? As SLJB or a new stock symbol?
To be determined and large shareholders (Wessal wants 25%) will be brought to the table also
What is the status of the planned merger with Consultech's Midwest Division?
To be determined
What happened to all the properties that were a part of Loftwerk's portfolio. Does Sulja own them?
Sulja owns them, and they’re still up for sale. And some of the projects will continue to be worked on
How many shares if any does Dennis Ammerman currently own?
Zero
Who controls the insider shares held by company officers (by name)?
Management and board of directors
Why haven't we seen a closing signing agreement PR’d regarding the EMAAR contract?
Marquee Asset Management hasn’t been updated on this at this time
Where can we go and verify the financial background of Consultech and Vista?
Germany. They’re not part of Sulja, they’re still private companies. We don’t have information outside of SLJB
What assets if any does Vista and Consultech own?
Not sure, but is known to be a lot
When will we see the Canadian government audited as outlined in the financial report?
The Canadian government goes a separate route than the auditors, so we’re not sure
When will we see SEC paperwork to make this company fully reporting?
To be determined
Why haven't we issued a dividend? Will we issue a dividend?
No comment
What is the status of building the truss manufacturing facilities?
Marquee Asset Management hasn’t been updated on this at this time
What is the status of building the New Orleans condominium complex as outlined in past PR's?
More than likely they’re going to be doing more than 300 houses. They’ve been working with state, local, and federal agencies
The
Middle East entities PR'd by SLJB are companies that are unidentified
in any publicly-available database. "Wessal International" cannot be
located as an “internationally renowned company" as stated in the PR's.
There are companies with "Red Sea" in the name, but none owned by
Wessal. (For example, Red Sea Housing is owned (51%) by Dabbagh Group,
not Wessal.) Similar questions arise for other entities mentioned in
SLJB PR's. There was no independent confirmation from Emaar about a
contract with Consultech or SLJB.
Because you can’t find it doesn’t mean it doesn’t exist
"We
have contracts closed with conditional status, and some in the final
stages of negotiations. We will release the details of our contracts in
the near future. We will include final revenue with estimated net
profits for each contract. We want to remain focused on the terms and
conditions of each contract to make sure each party is pleased with the
result. After the conclusion, we will release information that
shareholders can easily verify."
The sentence at the end does
not state what conclusion is being referred to. After the conclusion of
the contract signing? After the term of the contract concludes? And the
sentence does not state what kind of information will be released that
can easily be verified. Will information be released so that
shareholders can identify the parties involved in the contract? Will
the other party involved in the contract independently release a PR
about the deal? Finally, there is no sense from that paragraph as to a
general time-frame for shareholders seeing verifiable information.
After all conditions are closed and the money changes hands per contractual basis
I
would like to know if Price Waterhouse Coopers is going to be the firm
issuing the audited financials for this past business year.
*****More than likely they have a 50% chance*******
Does Chad have an exact date on which the financials will be made available to the shareholders.
Sometime in September
Ask him if this [MN1] interview is going to be rescheduled?
It was scheduled for Monday, however he mentioned it may get moved.
Why doesn’t either one of the International Building Products phone lines work?
They’re still doing business in Michigan but they’re not headquartered there any more
Are you going on MN1 without hardcore proof of company activities?
Silly question.
If
you are going to go on that show without audited #s and or finalized
contracts IMO it will be catastrophic to the share price.
Noted.
Will
you please ask Chad when will we see something definitive such as
signed contracts, not just "in negotiations?" An answer of 'soon' is
not acceptable since I have been hearing 'soon' for 6 months now.
Some
are closed, some are closed with conditional status, some are being
finalized. I spoke with them recently and some of the contracts will be
disclosed. Per their new sig-sigma process with their new press release
template
Can Chad provide a fairly exacting organization chart listing SLJB, Consultech. Red Sea Group, Emaar and Wessal, acronym SCREW.
No
Who of the original Sulja family are still involved with SLJB and at what levels?
John Sulja, 25% Steve Sulja, 12.5% John Sulja Jr. 12.5% Kathy Sulja 25% Andy Sulja 12.5% Sam Sulja 12.5%
Has
he met in person with any personnel from these groups? If so who and
what were his impressions? If so was he more confident in his holdings
before or after the meeting?
I am more confident now than ever
Asus, ask him if he knows where Ammerman's big block of restricted shares ended up.
They were supposedly bought back by company officials
Also
ask him if we are correct on the asset transfer to the books in Nevada
being the only requirement, which will meet when the audited fins and
10k are released.
First off, they won’t do a 10K until they do a Form-10.
Thanks
for allowing others to send questions with you when you meet with Chad
today. I would like to know if Chad has any knowledge of upcoming deals
that have not been announced, in other words, has he heard that new
contracts of any sort are being negotiated that shareholders are
unaware of?
Contracts are being negotiated on a 24/7 basis
ASUS,
IMO you have provided fair balance in your postings and have managed a
fairly neutral board in PBLS. I could not say the same about Chads
postings as chiphldr. IMO he has relentlessly pumped several stocks
including SLJB. After your meeting with Chad, what are your impressions
of him? Do you think he is capable of being objective and providing
"clean" unfiltered facts from a firm he would represent?
From
ASUS:"THE LIE" Chad Curtis is a very honorable man. His conscience is
clear and he is here because he is excited by what is transpiring. Chad
Curtis has a good heart and is not out to deceive people, but is
sharing the wealth of knowledge in this company due to his excitement
of the very rare situation. I believe he is working for free and could
easily exit from this stock with great profits, yet persists because of
his belief in the company and his energy to share the wealth in it
asus, another liar and pumper that the sec is lookINg at and many shareholders as well !
449 comments:
Testing. OK
there we go...now I can talk
if you have any questions post them here. Invite others if you like, I will do my best answering.
I'll let others know about this. Thank you for your help.
Petar,
There has been some talk about SLJB being halted by the OSC for investors in Ontario. Know anything about this?
pnv = Petar V.?
I have received a letter from OSC requesting us to stop trading. We have not traded for over a month now. I will know more in the morning as all offices here are closed today.
Petar,
Us as in you and Steve? So you have no knowledge of the OSC trying to halt investing in the company to all of Ontario?
So the letter from the OSC was personal? Why would they ask you to stop trading?
Who has the OSC requested to stop trading?
The lawyers won't allow any release of info...
WHY?
What can/will they do if info IS released?
How does releasing info thru Airys or Hog circumvent retribution by the lawyers?
I am not clear on what they are asking. I received the request late afternoon on Friday. I will get answers tomorrow.
What about the lawyers that are blocking the release of some PR's: why is that?
Lawyers have asked Steve not to say anything...This has no effect on me.
I'm not sure why and they have not given a reason. Perhaps they want to get a handle on what is going on. I guess you can call them and ask.
What is your position w/ SLJB at this time?
So what van be expected in the PR's?
Can you tell us what role Partysasquatch, Chiphldr, and asus had in SLJB rise and fall?
Steve has asked me to stay on as a consultant at this time. He wants me to ensure all deals are completed in the Middle East as well as some here. I agreed.
How did that cement deal turn out that we were expecting a PR about a couple weeks ago?
I could only speculate on what role they had but we have had enough speculation at this time. If I find that anybody has had a role good or bad in effecting the price of this share I will report it to the shareholders.
Petar,
When can we expect the audited financials? What is the "slight delay". Please let us know. This is so important. Many shareholders have lost thousands of $$$$ because of the broken promises.
What can be expected now in the future?Audited financials? Any new deals? ...
Do you feel you or SS were set up in any manner by Kore or it's officers/partners?
Also...thank you for taking your holiday/family time to speak w/ us.
So what is your reasoning for stealing our money when you knew Wessal was not there yet you continued to sell into your own pump.
cement deal looks good. Sellers bank has received draft LC and will reply within the next day or so. As soon as it is completed..I will let you know. This is a very complicated procedure as I am sure you are all aware. Sometimes it takes a little longer then I would like. Both sides are committed to completing this deal and Sam Sulja remains in the region working with both parties.
What is management currently doing to get the company out of this mess? Are you and Steve confident that these problems will be solved in the near future or are you uncertain?
lasernet....lol
Petar,
Any update on a potential merger with an OTCBB company? This would seemingly solve all the current problems.
Any news or PR coming soon? It's been quite some time.
Why can't Steve override the attorneys and release news? What are the consequeses if he does this?
I am certain that this will be cleared up shortly.
Peter, hello.
I am confused as to why the osc Why would the osc contact you, wouldn't they contact steve sulja?
When will info be released about the recent deal pr'd. In order to return investor confidence, don't you think that following through on pr's now is essential. The stock is declining in price and all we are hearing and not directly from a pr, is the lawyers are saying no pr's right now. Why won't Steve inform shareholders about why? Instead, we shareholders are left with an enormous amount of stress and anxiety and complete silence from the company. Who is in charge of communicating with shareholders?
Petar,
Was there a rule 144 violation???
concerned: I am working on a plan with Steve on the OTCB matter. He will decide with the help of his lawyers. It was always our plan to do so.
Petar, do you know any of the "Trustees" personally?
I don't think it is funny at all. I want you to answer the hard question now. Those who have lost thousands of dollars deserve an answer from you.
Mr. Vuccicevich,
At this time, exactly what assets are represented by "SLJB"?
Thank you sir.
144? help me out
Any relationship between you and Chad Curtis at this time? Are you in speaking terms?
At this time, exactly what assets are represented by "SLJB"?.....In one week or so, a full appraisal of all assets will be completed.
I have not spoken to Chad for some time now. We have no working relationship nor does sljb
I have not spoken to Chad for some time now. We have no working relationship nor does sljb
Hello Petar - I hope you and yours had a joyous Christmas. This is Jan Baja (janniebgood) with whom you have spoken in the past.
Please Email me at janniebgood@tampabay.rr.com. I have a few questions I'd like to kick around with you. Thanks much.
Peter...Who is in charge of communicating with shareholders?
Thankyou
Petar this is rule 144 (basically summed up in the first sentence directly below) Is/was there any restricted stock sales????:
Untangling Rule 144: Restricted Stock Sales and Affiliate Volume Limitations
At the foundation of our securities laws is the premise that shares of stock that are not registered with the SEC are subject to limitations on resale. Naturally, however, exceptions to this premise evolved. Perhaps the most well-known exemption to the limitation on resale rule is Rule 144. Rule 144, promulgated under the Securities Act of 1933, is a safe harbor provision that allows holders of restricted securities to make sales of stock when certain conditions are met. The most familiar condition imposed by Rule 144 is a one-year holding period before any resales may be made--but that is certainly not the only condition.
Rule 144's mandatory conditions are the following, and all of the conditions must be met for Rule 144's safe harbor to apply to a transaction, and we'll cover each of the requirements in detail below:
• A potential seller must satisfy the minimum one-year holding period.
• The seller must file a Form 144 with the SEC (unless the transaction is very small, under $10,000 worth of shares).
• There must be "current public information" available on the issuer.
• The sales must be in arm's-length broker transactions, without pre-arrangement or broker's solicitation of orders.
• The seller must have a bona fide intention to sell the shares at the time he/she files the Form 144.
The "Current Public Information" Requirement
Paragraph 144(c) dictates that current public information regarding an issuer must be available regarding an issuer before a 144 sale takes place. This requirement protects potential purchasers in 144 transactions; ideally, purchasers can thereby research companies before buying shares. The current public information requirement is met automatically if the issuer is fully reporting and is current in its filings (OTCBB companies, and those on the larger exchanges). With respect to pink sheet companies, the issuer must have information publicly available equivalent to that information found in a 15c2-11 filing. Many pink sheet issuers satisfy this requirement by subscribing to the pink sheet news service or by posting corporate information and financials on their website. Whether the scope of the information that an issuer provides meets the current public information requirement is a factual question that should be addressed to an attorney.
Rule 144's Holding Period(s)
At its core, Rule 144 allows a holder of restricted stock to resell such stock upon the expiration of a one-year holding period. Until February of 1997, the holding period was two years. The foundational principle underlying 144's holding period is that securities acquired and held for one year were most likely purchased with investment intent and not with a "view towards distribution." The holding period begins upon the "date of acquisition of the securities." Securities are deemed acquired when the full purchase price or other consideration is paid. Securities issued, but not fully paid, do not start the 144 holding period until full payment is made.
The expiration of a two-year holding period triggers a considerable relaxing of 144's strictness, but only for non-affiliates. After a two-year holding period, Rule 144(k) eliminates the current public information requirement, eliminates all volume restrictions, eliminates the "manner of sale" restrictions that apply to the way brokers must handle 144 sales, and eliminates the required filing of Form 144. Thus, Rule 144(k) removes all significant restrictions to resale for non-affiliates who hold shares for two years. Section (k) of Rule 144 is the section upon which holders rely when they have the restrictive legends removed from their stock certificates. Affiliates, however, remain bound by the major restrictions in Rule 144 until they cease to be affiliates.
Rule 144's Volume Restrictions, and the Importance of Affiliate Status
Rule 144 treats affiliates of the issuer much more strictly than it treats non-affiliates. The Rule applies to the sale of restricted (unregistered) stock by a non-affiliate. However, the Rule is far more imposing on affiliates; the Rule governs any sale of stock (both restricted and registered shares) by an affiliate of the issuer, and the Rule applies to affiliates indefinitely. Loosely defined, affiliates are control persons and other insiders, but we'll take a closer look at the definition of affiliates below.
With respect to sales of stock by an affiliate, Rule 144 imposes significant sales volume restrictions upon non-affiliates selling restricted stock, and upon affiliates selling either restricted or registered stock. Rule 144's volume restrictions are commonly referred to as "dribble out" provisions. We can distill the volume limitations as follows:
• Non-affiliates are subject to volume restrictions after holding stock for one year, but are no longer subject to volume restrictions after holding stock for two years.
• Affiliates are subject to volume restrictions as long as they are affiliates.
The dribble out provisions limit the amount of stock that can be sold in any 90-day period. The volume restriction dictates that sales in a 90-day period cannot be more than the greater of the following:
• 1% of the issuer's total outstanding shares, or,
• The average reported weekly volume in an issuer's stock for the four weeks immediately preceding the filing of Form 144 (if the issuer trades on a stock exchange or Nasdaq--OTC and pink sheet companies can only be sold using 1% rule).
As an example, assume ABC Corp., listed on Nasdaq, has 10,000,000 shares outstanding and traded 25,000 shares in each of the 4 weeks prior to the filing of a potential seller's Form 144. The dribble out provisions allow a seller to sell the greater of 1% of the total shares outstanding (in this case, 100,000 shares), or the average weekly volume for the prior four weeks (in this case, 25,000 shares). Thus, the seller can sell the greater number, up to 100,000 shares in the 90-day period.
Who Is an Affiliate?
Because Rule 144 applies differently to affiliates and non-affiliates, it is important to know who is an affiliate. The Rule dictates that affiliate status attaches to any person who directly or indirectly controls, is controlled by, or is under common control with the issuer. Rule 405 defines "control" as the "power to direct . . . the management and policies" of an issuer, whether by ownership or position. Thus, directors, officers, and upper-level managers are clearly affiliates. Owners of 5% or more are typically considered affiliates, but be careful--while the 5% figure is widely relied upon, you won't find the 5% figure in any rule are case on the subject.
Manner of Sale Restrictions
Finally, the Rule dictates the manner in which shares can be sold under its protections. The sales must be handled in all respects as routine trading transactions, and brokers may not receive more than a normal commission. Neither the seller nor the broker can solicit orders to buy the securities.
A private sale of restricted shares is neither governed nor protected by Rule 144. That is not to say that private sales of restricted shares are illegal. By its own terms, Rule 144 is not exclusive, and sellers of restricted stock have a few other potential safe harbors to protect their resales. Private sellers of restricted shares commonly rely upon what is known the "4(1½)" exemption.
Why Are Opinion Letters Necessary?
A Rule 144 seller must also secure an opinion letter from the attorney for the issuer. This is because before a sale can take place, the transfer agent for the issuer must agree to remove the restrictions (and hence the restrictive legend) from the share certificate. The transfer agent will only agree to remove a restrictive legend if it receives a letter from the issuer's counsel carefully presenting the legal argument why the shares are available for sale under Rule 144.
If you want a serious answer....simply post a question not a statement. I never pumped this stock for reasons that you believe. We simply were trying to inform our shareholders. I never owned any stock in sljb and would not have profited from such actions.
Great job Petar lets hope sljb can get moving forward again
rick
So you your work for SLJB was a charitable contribution?
So who made money on the sale of the stock then?
Petar,
Thanks for taking the time to speak with shareholders and address serious issues. I know it is very important to most of us and to me inparticular. I, personally have lost over 10K in my investment but have not sold a share. I still have faith. Some might call me crazy. I hope SLJB proves all the naysayers wrong.
If you did not PUMP it for reasons that I believe then why did you PUMP it? The nite you said you were on the way to post the financials, what happened? At some point Wessal was no longer a going to be involved with Sulja, what was the date you knew?
PV, who is selling the company shares?
You say you did not own shares but did Consultech or Kore or any company you had an interest in?
Petar: If you are looking for a NASDAQ BB company (shell), I recommend OZON.
PV-When Audited Financilas will be released
thanks concerned...our lawyers tell us we have not violated this section...not that they are saying we have violated at all...but I will ask again and post here. If we did commit any violations, I am sure we will be informed quickly. I hope not because we asked lawyers every step of the way. Contrary to the belief of many, I am in no way an expert on these matters, nor are the suljas..we hired people to help and perhaps we trusted too much. I am not sure at this time but will find out shortly I am sure.
Petar,
Do you plan on offering proof of prior PR's and deals to Airy's (Rick and Paul) and StockHog when they visit? Have you set a date and time yet? If Steve cannot release info, could you?
Nobody is selling the company shares at this time.
If you did not PUMP it for reasons that I believe then why did you PUMP it? The nite you said you were on the way to post the financials, what happened? At some point Wessal was no longer a going to be involved with Sulja, what was the date you knew?
You say you did not own shares but did Consultech or Kore or any company you had an interest in?
Peter, you are going to be inundated here with 100's of questions, could we comprise a list of questions that we could ask you and arrange for one person here to ask them so that we can get a clear conversation. Would you consider this?
Thankyou.
Petar we had exchanged emails once or twice before, do you expect the audited financials to be completed by February and do you expect any executed deals to be announced before the AFs are released
Rick lwh@psu.edu
1) I'd like to know how much Sulja needed to pay off debt?
2) Who WAS selling the company shares?
3) Where are those records kept?
4) Out of the $12mil or so, how much is funding the shares, if any, since it has been shown that none of the assetts were hard...only deals that never finalized, hence funded the vehicle??
The financials were simply not acceptable and were not representative of the truth as I knew it. If I published them then I would be a thief and lier. When they are correct they will be published. It is really that simple. I would be knowingly misrepresenting the truth if I aloud the afs to be published. I am truly sorry, however, they were incorrect.
Petar, when will the auditors be finished with the A/F's an about time frame. Thanks
And at what point did you know this?
Was it at the point when you said they can not be published until after Ramadan?
Sophia, the list was is already made by StockHog and send to SLJB. We're still waiting for all the answers. Sulja told us that the lawayers would answer all those questions.
Petar, any update on this?
IWH...it was agreed to by myself and the suljas that the best way to complete this task is to perform a closing audit on the original corp which would act as an opening audited statement for sljb using the same firm to perform both. This way there can be no question.
Petar,
Can you give any insight as to the timeframe the lawyers are expecting Steve to remain quiet or the reason as to why. The very nature of this scenario places fear among shareholders as if there is something gravely wrong and facts must be hidden to protect potential wrongdoers. Any light shed on this subject would be most appreciated!!
Petar at what point in time and space did you know that Wessal was no longer going to be involved in the SLJB picture?
Petar, can you tell us what asset or assets were transferred from Dubai/Middle East to Nevada?
Could you please state the names of the lawyers at each firm representing Sulja
Lasernat: I thought that these matters could be dealt with in a quick and painless matter. I was once again mistaken. The only thing that matters is a truthful statement by the auditors. This in no way implies the auditors were being untruthful, rather that we at sljb needed to be more precise with our information. This was an internal issue and it is being corrected.
Petar,
Aren't you tired of throwing BS around? How many run around stories are we supposed to believe?
Where are the long awaited Big 4 Audited Financials?
Where/who is Wessal and his money? Why are we supposed to get our information about them through possible rumors that they are no longer in the picture?
What happened to Emaar and our projects with them?
What happened to the tire recycling plant?
Why is it so hard to get any verifable information from the company?
What happened to the DIFX listing?
What happened to the design depot?
How much BS was put into the Pro Forma and unaudited financials? We still have those PDFs saved.
What happened to the share structure? It went from 500M OS with 362M held by insiders, 162M being restricted. To now, it's 609M OS with 640k restricted. That means over 200M shares were sold by the company during the "AF Pump" phase.
Why can't SLJB do anything they state in PRs? Small things like the lastest "we'll release more later this week" to "Petar is no longer part of the company" has all be bs.
Why are lawyers so involved when nothing illegal is supposibly involved? Sure seems like someone there is doing unlawful things and is trying to cover their a$$ now.
Oh, and why did you come on the blog on the 15th saying that everything will be up and it'll take a couple of hours but you had the AFs "in hand" and would release them? I mean, you MUST HAVE known that was BS and a flat out lie. There's no way things get that far and THEN you find out that it's inaccurate?
Merry Xmas and happy holidays, hopefully those that lost thousands of dollars while you were selling
Petar at what point in time did you realize the audit (if it existed) was not in line with the posted financials on the Sulja site?
The actual names of lawyers has to be provided by steve....sorry
Petar,
Can you give any insight as to the timeframe the lawyers are expecting Steve to remain quiet or the reason as to why. The very nature of this scenario places fear among shareholders as if there is something gravely wrong and facts must be hidden to protect potential wrongdoers. Any light shed on this subject would be most appreciated!!
Wessal - it has been speculated that Wessal does not exist. From alot of dd, no one has produced a single verifiable source for them. If I am wrong please inform me right away. At this time, Wessal is no longer involved because they wanted too much control. I can understand that, but to ease investor anxiety, could you Peter, please provide some info that will verify Wessal's existence.
Thankyou. If I am being direct, well, I am a shareholder.
Thank you.
Is a trading halt a possibilty?
SO once again no verifiable info in regards to the lawyers
Are there any solid dates or expected dates as to when the financials will be released? If the lawyers say you guys cannot release the information, did they say when it can be released? And if so, when?
I know you say "soon" or "as soon as" or other similar words and phrases, but they have been used for months now and I was just wondering if there were any solid dates for anything at all.
PV, did you skip my questions?
Flippertilldeath said...
1) I'd like to know how much Sulja needed to pay off debt?
2) Who WAS selling the company shares?
3) Where are those records kept?
4) Out of the $12mil or so, how much is funding the shares, if any, since it has been shown that none of the assetts were hard...only deals that never finalized, hence funded the vehicle??
December 26, 2006 12:11 PM
Concerned...Make no mistake. I do not agree with the lawyers on this matter. However, they are actually your lawyers and not mine and I have to believe they have your best interest in mind. that said, if I were a shareholder, I would certainly feel compelled to contact them and ask for their reason. That's just me though.
Petar at what point in time and space did you know that Wessal was no longer going to be involved in the SLJB picture?
Petar,
For what factual reason do you not agree with the lawyers? In other words, specifically why have they made a decision to do this? I presume since you do not agree with them that you know why they have gagged Steve. I will call and ask them, but can you tell us??
The law office in Chicago was contacted, but the caller was informed that the actual name of the lawyer was needed for any information.
Peter, why did you decide to do this blog?
Petar it has been speculated that one of the problems with the original audit had to do with counting gross revenues from the brokered deals abroad rather than the commission only. If so it would make perfect sense that the numbers would have to be reworked. Does that make sense as to at least one factor that fouled things up?
Petar at what point in time did you realize the audit (if it existed) was not in line with the posted financials on the Sulja site?
Flippertilldeath said...
1) I'd like to know how much Sulja needed to pay off debt?
2) Who WAS selling the company shares?
3) Where are those records kept?
4) Out of the $12mil or so, how much is funding the shares, if any, since it has been shown that none of the assetts were hard...only deals that never finalized, hence funded the vehicle??
Sorry...I am trying to get to all the questions but I may miss a few. This is not intensional.
1) approx 7 million
2) company shares were traded by trusties appointed by sulja
3)those records are kept by kore, sulja and sulja lawyers.
4)there are many hard assets including real estate, equipment, inventory, ect. We thought about supporting shares but were convinced otherwise by those "smarter" then us.
Petar, any idea of when the lawyers will start letting those PR's loose, the shareholders have been waiting a long time. Thanks.
sophia: I just thought you would like some answers.
how do i know you are who you say you are? so many lies have come from management, why should i believe you now?
You say you did not own shares but did Consultech or Kore or any company you had an interest in?
Guys, please remember that there is no way Petar can answer every single question. This blog was just started a short while ago today and look at the volume! Also, it would be unreasonable to expect Petar to be here 24/7. He has a business to run. Lets use this to get information without it turning into a nut house. Please.
Petar at what point in time did you realize the audit (if it existed) was not in line with the posted financials on the Sulja site?
Petar,
For what factual reason do you not agree with the lawyers? In other words, specifically why have they made a decision to do this? I presume since you do not agree with them that you know why they have gagged Steve. I will call and ask them, but can you tell us??
So you are saying the shares are NOT funded in any way.... If that is not correct, please explain where we can verify funding?
Petar at what point in time and space did you know that Wessal was no longer going to be involved in the SLJB picture?
"A" go back to managing the IHUB board you won't let me on! I got answers so far to questions you won't/haven't asked. This is what "you" need. There will need to be accountability and the board is starting to get answers!
lasernat: Of course the work was done and your statement, although you may think them cute or witty, are not helping you, me or the other shareholders. To answer your question:
About one week after reviewing the figures. Posting total revenues on deals we are simply making a percentage is incorrect. I asked that those figures be removed from the website but was not aware that they were still somehow viewable.
Petar,
Thank you for your time here. Do you still believe that this stock has not been shorted in any large way? Does Sulja receive the NOBO list?
Petar,
thanks for taking my question .
I have a loss of 60K so far .
What good news can you give me to relay back to my family about your company? Also when will the next PR be released ?
These are very important questions Petar and your reluntance to answering them makes you look guilty as hell, please provide answers to them as we all paid for the answers. We deserve these answers.
Petar, if you are not an officer of the company and own no shares, where are you getting your info from?
And why should anyone care what you have to say?
Can't have your cake and eat it too PV.
So you are saying the shares are NOT funded in any way.... If that is not correct, please explain where we can verify funding?
Perhaps I am not understanding you...I thought you were asking if we were supporting the share price by purchasing shares through the corp.
Hello old friend! How's that black Maserati treating you? Andrew as you know isn't too happy with the mess you've created. A blog? Clever use of an I.R. tool. Still working the non-shareholder angle.
Are there any solid dates or expected dates as to when the financials will be released? If the lawyers say you guys cannot release the information, did they say when it can be released? And if so, when?
I know you say "soon" or "as soon as" or other similar words and phrases, but they have been used for months now and I was just wondering if there were any solid dates for anything at all.
insider...I don't know. I am simply providing you with info that I know to be true. Take it any which way you like. I felt that I may owe it to you.
Petar at what point in time and space did you know that Wessal was no longer going to be involved in the SLJB picture?
You say you did not own shares but did Consultech or Kore or any company you had an interest in?
If andrew is so upset...perhaps he could return my calls and express his anger. and yes...it is true..I never had any shares. and what mess might he be referring to?
Petar,
For what factual reason do you not agree with the lawyers? In other words, specifically why have they made a decision to do this? I presume since you do not agree with them that you know why they have gagged Steve. I will call and ask them, but can you tell us??
CHIPHLDR, HOW ARE YOU ENJOYING YOUR PUMP AND DUMPED GAINS?
PV, you answered one of my questions with:
3)those records are kept by kore, sulja and sulja lawyers.
This was in respect to where the sellers of company shares records are kept. How did KORE, or someone in KORE become a trustee and get shares?
wessel may still have a role in sulja...these are details that are being worked out. We felt that sulja should be steering the ship...that's all
Petar perhaps you missed these 2 posts:
Petar at what point in time and space did you know that Wessal was no longer going to be involved in the SLJB picture?
You say you did not own shares but did Consultech or Kore or any company you had an interest in?
This was by agreement with sulja flippertilldeath
Is Steve Sulja still at this point in time the Acting CEO of Sulja. And if so have there been any further talks of a New CEO
Yes, I understand that. Okay
Here are my 2 questions:
1. Who is Wessal? Please provide info that we can verify.
2. If they are no longer involved, why hasn't sljb pr'd this.
Chiphldr/Chad Curtis just bought a 2 million dollar home and a Ferrari.
Petar got a Maserati.
PPS is @ .015 and no one sold shares? But float went up by 500 million shares...
Can't we get some honest answers here? on who dumped and when?
Thank you guys
NO...none of my corps anywhere on this planet owned shares of sulja other than through trust agreement. This is easy enough to show any regulators.
Petar,
For what factual reason do you not agree with the lawyers? In other words, specifically why have they made a decision to do this? I presume since you do not agree with them that you know why they have gagged Steve. I will call and ask them, but can you tell us??
Maserati?....I have many vehicles and properties and have long before my involvement in sljb....I'm sure chad also was making money long before sljb...many people have these things.
Petar will you be at the meeting with Steve and Airys and stock hog, and do you know when that will be. Thank You.
concerned....I am actually hoping that these lawyers are basing their decisions using some level of intelligence. I have no factual reasons.
PV, I appreciate you answerring my questions, honestly, I do. You are obviously getting hammered on some because of the events we are all aware of.
I need to clarify, for myself, if the share vehicle is funded and how?
Also, Sulja needed $7mil to pay off debt. The company has aprox 192mil shares, non-restricted, remaining. $5mil from the selling by trustees is located where, in SLJB's bank?
Jerry: If I am asked....I will attend.
But you were Petar the painter not too long ago.
I do not know many painters who buy so much property and so many cars....
Petar perhaps you missed this post:
Petar at what point in time and space did you know that Wessal was no longer going to be involved in the SLJB picture?
Petar, any idea when the lawyers will let some of those PR's loose that was sent to them. Thanks
lasernat,
this doesn't directly answer your question but petar commented on wessal:
pnv said...
wessel may still have a role in sulja...these are details that are being worked out. We felt that sulja should be steering the ship...that's all
flippertilldeath: All debts that sulja had have since been retired. This was done through the sale of shares and profit. Also, the purchase of sam's was funded by the sale of shares. sljb, to my knowledge, is now debt free aside from a few vehicle leases which is really not a debt. All assets including inventory are free and clear.
I hear one of the insiders is making a deal with the SEC.
Do you know who it might be?
Jerry...I have no idea.
Petar,
First, thank you for cooperating with Airys and Hog, it makes a huge difference. On to my hard questions:
1) Why did SLJB unrestrict and/or sell massive amounts of shares when the price was around .10 per share? Did you/they know it would tank when the audit didn't come out? We need a reason to trust we weren't pump & dumped, as it appears to me.
I understand you didn't own shares personally, but it looks like the company/Steve Sulja made a bundle, and sold early knowing that the confirmed audit release data was not going to happen. THIS IS MY #1 PROBLEM, and I cannot throw support behind the company until I understand this better.
2) When the current assets are proven/audited, and some of the current deals are finished (let's say half), approximately what EPS do you expect SLJB will have? Based on expected information released within the next month.
Peter - can you provide info that we can verify if Wessal exists. At present no one can.
Please do so, especially because you just said that they may still be involved.
I will continue to post this because this is the one answer I am looking for. Thankyou
I actually don't know of any insiders by ownership. And I'm not sure what they would be making a deal on. I really don't believe there to be a problem. But that is simply my opinion of course.
No concerned it does not answer my question.
Petar,
Thanks again for your time. There are certainly some pressing issues at hand. I wish we had the ability to eliminate these uncertanties that we are dealing with. I hope you will agree in saying that we will have these issues answered to the shareholders liking soon.
test
My family will not rest until we see the persons responsible for SLJB stock to go from 9 cents to .01 in handcuffs.
Can't wait to visit Allinone behind bars .
Merry Christmas !
lasernat said...
Petar perhaps you missed this post:
Petar at what point in time and space did you know that Wessal was no longer going to be involved in the SLJB picture?
Petar, I have been constantly asked by many posters if I know anything about how the proceeds of the capitalization was spent. Any way you could fill us in on that? Thanks!
Petar,
In a PR by Steve, the company stated that it had enough revenues at the time to easily go on the Nasdaq.
Does this still aplly?
How soon do you think it will be before we are back to at least where we were before the manipulated crash?
cm3ilongtermer
Are there any solid dates or expected dates as to when the financials will be released? If the lawyers say you guys cannot release the information, did they say when it can be released? And if so, when?
I know you say "soon" or "as soon as" or other similar words and phrases, but they have been used for months now and I was just wondering if there were any solid dates for anything at all.
Mr, is there any HOPE that this will ever get better in 2007????
sophia...I really don't want to sound insulting and that is not my goal here, however, wouldn't you think that I would use a real company if I were trying to pull something?...Of course wessel exists and they are a solid outfit. Their veiw and that of sulja simply differ.
Thank you, for that answer but after those debts were paid,can you approx what SLJB has left for future operations out of the $5mil remaining profit from sales of the shares?
I guess I am asking if the trustees got to keep any? or if not where did the $5mil minus SAM purchase go. It has been reported that SAM was purchased for 500K?
Airys418 said...
Petar, I have been constantly asked by many posters if I know anything about how the proceeds of the capitalization was spent. Any way you could fill us in on that? Thanks!
________________________________
Hey how about that? I have been attempting to these answers already but your welcome to join in!
Petar
Thank you for providing this blog.Many have spent time and money bashing this stock and company management.Why now at such an crucial time silence.I will continue to support this company but just a simple answer would be appreciated.snips007
john....I am sorry but I am no longer in a position to make that call...and I truly think that if steve has learned anything from my mistakes, he will not dare give dates at this time....I am sure that once the first one is out, it will be easier to get the date right....at least within a month of the expected date. Everyone is being careful after I messed it up. I am sure you could understand that.
Airys, what are you his press secretary?
Many broken promises from this company and petar...He better find the time to answer all shareholder concerns.
snips...I really don't know. I think the lawyers are trying to protect the company till all other prs are proven to be factual. This part I understand. They asked that steve not put out a pr simply saying happy holidays. They thought it "unwise". Like I said, this firm represent the corp and I'm sure whatever they are doing, it makes sense to them...Make no mistake, I am not in there good books at this time.
petar, as part of the debt payment (the 7mil) did kore or consultech receive any money?
Peter why will you not answer this question of mine, what date was the deal with Wessal was discontinued ?
Sorry Petar ,
BUT you have not given us shareholders one positive response about upcoming deals and/or PRs.
You need to come clean or your freedom might certainly be in jeapordy.
Petar,
and just one more thing .
Your web site sucks !
Petar,
When you get the details about the OSC letter, will you post that info here? Thanks
insider...I really don't have to be here...trust me...many on this side would rather I not be here...and besides th afs...what promises have been broken. The management of sljb is doing a great job but nobody want to recognize their efforts. They are expanding, working toward completing afs, and looking toward the future despite the ranting of numerous shareholders and drunken reporters. Why not try standing behind the company you have chosen to by shares in instead of looking for a fight at every turn? At this time I believe constructive comments are far more useful then destructive. What have you got yo gain by slamming the efforts of sljb management?
I understand that. You are not insulting me. But I and noone else can find any info on them. If someone said, why don't you invest in my company, you would want to know some facts about that company..that's a pretty standard policy. That would make you smart. This is not about you. This about SLJB being transparent. I would think you would want to provide us with that transparancy?
So I will ask again, please provide info on Wessal..who are they? This is not an unreasonable question by any means. If it is, then we have a problem here.
Tell me about the trustees please. Who are they, who appointed them and what the hell are they doing ?
Let's stop the harassment, okay? PV is here voluntarily.
concerned...I really do not know what I can or can not do with it. I will find out though and if it is permitted, I will post.
Petar,
I think you need to consider telling the authorities all you know about Andrew, Chad, and Dennis before it is too late.
....all imo.
perry...not sure what they are doing now however, I am sure that they are not trading in sljb and have not for well over a month now.
Petar, have you forgotten all those date certain pr's?
What about the done deal contracts?
Intec?
Cement?
The float?
Wessal?
The share structure?
All that Dubai stuff?
test
Correct me if I am wrong but so from our exchange so far, I get:
1) SLJB debt free
2) SAM under SLJB umbrella also debt free
3) cash on hand = $4.5mil
4) Only you have been told not to sell shares but the trustees can still sell the remaining shares at any time?
Have the lawyers been paid cash or are they receiving shares?
bob....thank you for your concern, however, I am not sure what it is you would like me to tell them. I still see nothing wrong. Now either I am a complete idiot or I still believe that what was done was correct. I am hoping I am not an idiot.
Petar that I can understand.Seems you were put in a position between a rock and a hard place and released information you had no real knowledge how to confirm.It is also clear that the original CPA firm screwd the audit real bad.We as shareholders have taken a big loss so far and do hope this mess can be explained to us so we can make educated decisins how long to hold this stock.I have always felt Sulja was a real and growing company and will remain a shareholder until proven other.Thanks for your response good luck with that Lettar you recieved.snips007
Petar, in case you missed my question, which is critical to me and many others:
1) Why did SLJB unrestrict and/or sell massive amounts of shares when the price was around .10 per share? Did you/they know it would tank when the audit didn't come out? We need a reason to trust we weren't pump & dumped, as it appears to me.
I understand you didn't own shares personally, but it looks like the company/Steve Sulja made a bundle, and sold early knowing that the confirmed audit release data was not going to happen. THIS IS MY #1 PROBLEM, and I cannot throw support behind the company until I understand this better.
Thank you for any reply,
-Shaman
sophia....sljb works with many companies, wessel is simply one of them.
petar, as part of the debt payment (the 7mil) did kore or consultech receive any money?
As noted by others, it would be most helpful if verification of Wessal's existence was provided to shareholders.
Is there any way you can help us with this?
Thank you sir.
Petar or Airys,
Have you set a date as to when you can verify past PR's?
who is WESSAL? where, names, places, locations, phone numbers, factz, plzzz
Petar that is correct you really do not have to be here, however you have chosen to do so. In choosing to do so you had to realize that you were going to be asked many questions. Not only questions that you may like to answer but those you do not really want to answer. We as shareholders have paid and deserve to have those answers! We as shareholders deserve to know when Wessal was out of the picture? We as shareholders deserve to know when Sulja began selling shares into the market? We as shareholders deserve to know when you knew the AF's were bogus as compared to the unaudited financials? It is easy to say let us move on and be constructive now. Because it seems like you would like us to just bury our heads in the sand and not ask these questions.
1) Why did SLJB unrestrict and/or sell massive amounts of shares when the price was around .10 per share? Did you/they know it would tank when the audit didn't come out? We need a reason to trust we weren't pump & dumped, as it appears to me.
I understand you didn't own shares personally, but it looks like the company/Steve Sulja made a bundle, and sold early knowing that the confirmed audit release data was not going to happen. THIS IS MY #1 PROBLEM, and I cannot throw support behind the company until I understand this better.
trust me. I am trying to get to all the questions.
1)first off...we did not sell massive amounts of shares. Try to remember, we believed that we would be able to deliver th afs so why would we sell. Every day the people at sulja go to work including the sulja family. And yes, the company made money from the sale of shares...NOT STEVE...is that not the reason for going public? Sulja went public to expand and in order to expand....the company needed money. It's really that simple.
I think you missed this...
Flippertilldeath said...
Correct me if I am wrong but so from our exchange so far, I get:
1) SLJB debt free
2) SAM under SLJB umbrella also debt free
3) cash on hand = $4.5mil
4) Only you have been told not to sell shares but the trustees can still sell the remaining shares at any time?
Have the lawyers been paid cash or are they receiving shares?
Petar,
In a PR by Steve, the company stated that it had enough revenues at the time to easily go on the Nasdaq.
Does this still aplly?
How soon do you think it will be before we are back to at least where we were before the MM manipulated crash?
i agree . yea, something is still fishy here..
I am down 30K..
lasernat...I am not dodging any questions and would not be here if I didn't think I could offer some answers. I don't expect this to be a love in at this time...It's okay, I am somewhat thick skinned...but I also have to defend my corp and sljb when we are accused of things we simply did not do. I am sure you too understand.
how does the future of SLJB looks like? what do you honestly think?
* star or ***** stars
or no stars at all?
PNV wrote: And yes, the company made money from the sale of shares...NOT STEVE...is that not the reason for going public? Sulja went public to expand and in order to expand....the company needed money. It's really that simple.
You raised all this money based on fake numbers and pr's that were incorrect.
Give the money back and start with the truth, then let's see how many shares SLJB could have sold and what pps highs would have been...
Would this not be the right thing to do?
Hello Petar,
This is WillyWizard. I have profiled SLJB since it was LoftWerks. I have also doubled my position recently. Once this year end tax loss season is over sellers will think twice about selling.
I would like to communicate by phone. My email is willywizard@comcast.net my real name is Hal Engel.I have some info that you might find interesting.
My web site is http://www.willywizard.com You will see a SLJB button on the bottom of the entry page.
Thank you,
Hal Engel aka WillyWizard
1) SLJB debt free
2) SAM under SLJB umbrella also debt free
3) cash on hand = $4.5mil
4) Only you have been told not to sell shares but the trustees can still sell the remaining shares at any time?
Have the lawyers been paid cash or are they receiving shares?
1)yes..aside from a few vehicle leases.
2)yes...sam is now sulja...no longer sams.
3)cash on hand I believe to be about .5 million...I must have missed that one or if I answered 4.5 million, I didn't understand the question.
4)trustees have no more shares to sell...all are being returned to TA.
and finally, the lawyers are all paid by cash.
petar, as part of the debt payment (the 7mil) did kore or consultech receive any money?
this is a yes/no answer, no explanation required
insider....what are you saying? I am saying they are real prs and you saying they are not....let's just stop this nonsense and see where this is leading....I know what is true, you are simply speculating.
Petar you say you are trying to protect the company. In trying to do that you say that you parted ways with Wessel because they wanted more control. As a public company the shareholders are the responsibility of the CEO and its officers, correct? As a public company giving control to Wessel would have resulted in a profitable share price for the shareholders, correct? Then why would you not give Wessel the control outside of some type of ego thing? And yes we still want to know that date certain that Wessal was no longer involved with Sulja? Thank you.
yes
Learning a lot:
1) SLJB debt free, aside from leased vehicles
2) SAM is now SLJB also debt free
3) cash on hand = $.5mil
4) Trustees have no shares to sell so float is 608mil
5) lawyers all paid for with cash
OK, now, shares are backed by the company so the shares have value based on the above, correct?
Where is this documented, in Nevada? Is there a site we can get this info?
(keep in mind this is the basics of the company for any shareholder)
Cash on hand 1/2 million? SLJB bought sams for what 500k? Debt was owed to who by the way?
Float now over 600 million shares.
Math does not compute.
Then again, math and financials was never SLJB's strong point was it?
Is nondisclosure of Wessal info a result of a contractual agreement?
without knowing the details of the deal with wessal, how can you make that statement? As CEO, I did what I felt was better for sljb. Perhaps you would have done differently. Who knows?
Then by all means please elaborate and inform us all.
insider...debt owed to bank and suppliers and leasing companies. Not Kore if that is what you are asking.
Remember....when doing your math, SLJB never had control of 600 million. There was loftwerks before sulja.
This is just astonishing to me.
If I was at a shareholders meeting and asked- who is Wessal? And the company responded - We work with alot of companies, do you think we would not work with a real company? How do you think shareholders would react to that?
So - just so I am clear, you don't feel investors have the right to know who Wessal is?
I am not a basher. In fact, I have held through all this turmoil, I have even defended your company. And now, yes, I am rather insulted this is the response I am getting.
But please, make it clear to everyone here that we do not have the right to know who the companies are that sljb pr's? That is just astonishing to me this is your answer?
I do not understand why you wont answer this question. Wessel was PR'd by SLJB and was going to have an important role with this company and according to your blog here, might still play a role. I am just asking you to provide info on them - it is a very reasonable question to ask.
What date was the deal with Wessal called off? I think we deserve an answer to that question.
'what are you saying? I am saying they are real prs and you saying they are not....let's just stop this nonsense'
real PRs?
- revenue numbers that were withdrawn months later: FALSE
- the statement NOT to touch the share structure: FALSE
- the 350M cement deal: not closed: FALSE
who is telling nonsense here?
Your quote: 'Sulja went public to expand and in order to expand....the company needed money. It's really that simple."
FALSE again: Companys with a 25 yr track record dont need to go public and screw shareholders to get money.. They can get loans from banks and institutions.
lasernat...all these details will be provided to you by the company..
I simply can not type that fast and as I said before, sljb is still working with wessal and I will not be the cause of breakdowns in those talks. I will say that I simply did not agree with the direction in which I saw thing heading at the time. It will all be much clearer soon. I believe my actions were correct.
PNV wrote: Remember....when doing your math, SLJB never had control of 600 million. There was loftwerks before sulja.
I do remember, Also remember Petar Wolfe from th LFWK days.
You were here from day one along with Andrew Devries. And Chad.
The question on the table is "Who Is Wessel?
Guys...revealing Wessal info would be most helpful...to the competition.
PV I have been getting back to basics with you so I don't want to cross over the line here but Consultech had 200mil and 300mil was being held for future merger.
Now all that is off and we have 608mil in O/S, or 800mil, I forget but float is 600mil+.
"trustees" sold but money was given to SLJB for whatever....
About $4.5 mil was spent on something, assuming SLJB used it's own rev/income to continue normal business ops.
To say SLJB never had control of the shares, but benefitted from the sales of those shares, leaves much for interpretation.
Can you pls give an answer to my last post...."shares are backed by the company so the shares have value based on the above, correct?
Where is this documented, in Nevada? Is there a site we can get this info?"
if you haven't already. TIA
FALSE again: Companys with a 25 yr track record dont need to go public and screw shareholders to get money.. They can get loans from banks and institutions.
True. But companies all go public to expand their business and pay down debt. Doesn't matter if they are in business for 100 years.
In order for a shareholder to be screwed, someone other then the company has to take the money. Again, that is not the case here.
Quite simply, no money is lost by an investor till the share is sold. If an investor sells their shares as we witnessed a few weeks ago, below what they paid....money is lost and share price drops. What does sulja have to gain by such actions? Really, if this was a scam, I would simply release the numbers and go for a ride. I really would like to know what we would all be doing here if this was a scam. Wouldn't you think we would simply leave? That's what I would expect, but then again, I am not too good at this.
Ok you say SLJB is still working with Wessel. But at some point in time you would not give them control and they simply sold their shares. How would giving us that date break down any future relationship if it existed at all. We have been hearing for months now that everything will be made public and brought to the light of all. But none of this has happened. SLJB seems to be ignoring the whole situation hoping it will just disappear. You want us all to TRUST you but you are not willing to divulge information to reestablishe that trust.
insider...if memory serves me, Chad didn't get involved till the sljb days. As much as I would like to pass it on to someone else, I can't and will not. Chad had nothing to do with lfwk to the best of my knowledge. Let's try to keep our anger focussed on the people involved with sljb.
thank you for the comment,
i will buy more tomorrow
have a great evening, Mr Peter V.
lasernat...I really want to answer you and everyone else. I will not answer questions asked with innuendos and sarcasm. Just ask the question without the comments and perhaps I will take them far more seriously...thanks
Re: "PNV - trust me. I am trying to get to all the questions."
Thank you for the direct reply Petar. I'm eager to hear more when things become more clear to you, specifically regarding the selling of restricted shares right before the financials were put on hold and the price tanked. I'm sure you can see why we fear we were suckered, as the float grew so much during that time.
I will hold my 500,000+ shares for the meantime.
Good luck to you and Sulja,
-Shaman
Petar,
Have you and Airys (Rick) set up a time so that he and StockHog (Paul) can verify past PR's?
I tried that and you still did not answer which is why I threw in some comments but you already know that. But here goes again, I will start a blog so it looks proper.
I think I got lost again.
Flippertilldeath said...
PV I have been getting back to basics with you so I don't want to cross over the line here but Consultech had 200mil and 300mil was being held for future merger.
Now all that is off and we have 608mil in O/S, or 800mil, I forget but float is 600mil+.
"trustees" sold but money was given to SLJB for whatever....
About $4.5 mil was spent on something, assuming SLJB used it's own rev/income to continue normal business ops.
To say SLJB never had control of the shares, but benefitted from the sales of those shares, leaves much for interpretation.
Can you pls give an answer to my last post...."shares are backed by the company so the shares have value based on the above, correct?
Where is this documented, in Nevada? Is there a site we can get this info?"
if you haven't already. TIA
December 26, 2006 1:46 PM
Hi Petar,
1) Thank you for ungagging the TA
2) Please ungag Steve and lawyers.
3) Does Sulja plan on selling any more shares?
4) Does Sulja have any dealings with Emaar? There was a pr on this a while back.
Thanks for sharing!
shamantics....I have to look into that with steve...curious to be honest with you. These are things we left to people with a greater knowledge of these markets then us...not passing the buck, simply saying I have to look into it.
Mr Petar what was the date that you told Wessal they could not have control and that they decided not to buy and or keep their interest in SLJB?
Petar,
In a PR by Steve, the company stated that it had enough revenues at the time of the PR to easily go on the Nasdaq.
Does this still aplly?
How soon do you think it will be before this is cleared up, and we are moving forward again?
You guys keep up the good work.
If you would perfer answering via email: cm3i@swfla.rr.com
Thanks in advance.
PNV wrote: insider...if memory serves me, Chad didn't get involved till the sljb days. As much as I would like to pass it on to someone else, I can't and will not. Chad had nothing to do with lfwk to the best of my knowledge. Let's try to keep our anger focussed on the people involved with sljb.
Petar it is common knowledge that Chiphldr is Chad Curtis.
It is also common knowledge that he was one of the "insiders" that LFWK was refering to in pr's...
Petar, can you tell us what assets transferred from ME to Nevada once it was cleared by Dubai government?
Also, was it a confussion of gross revenues from brokered deals to top line versus commissions that contributed to the audit fubar?
Petar, thanks again for your candid replies. Have a good day.
Petar,
Will you address these three questions? Thanks!!!
1. Petar, can you tell us what assets transferred from ME to Nevada once it was cleared by Dubai government?
2. In a PR by Steve, the company stated that it had enough revenues at the time of the PR to easily go on the Nasdaq.
Does this still aplly?
3. Have you and Airys (Rick) set up a time so that he and StockHog (Paul) can verify past PR's?
sljb has no plans to sell any more shares at this time or in the foreseeable future.
I will try to ungag steve.
sljb deals with many contractors in the middle east some of which work with emaar. this firm does not deal directly with suppliers rather, their trades do. Communications with many firms such as these continues daily.
Learning a lot:
1) SLJB debt free, aside from leased vehicles
2) SAM is now SLJB also debt free
3) cash on hand = $.5mil
4) Trustees have no shares to sell so float is 608mil
5) lawyers all paid for with cash
6) no answer on funding the shares
Next question: SLJB is now a stand alone publically traded company. It has been stated that they are going to the Leb conf. What is the latest on that action?
Petar ok I will leave the date of the Wessal question alone as you seem to want to take the fifth on that one however I did ask you earlier about when you knew the audited financials were bogus compared to the unaudited financials and you you responded a week I believe. Was that a week before the crash or was that a week before Ramadan?
1. Petar, can you tell us what assets transferred from ME to Nevada once it was cleared by Dubai government?
2. In a PR by Steve, the company stated that it had enough revenues at the time of the PR to easily go on the Nasdaq.
Does this still aplly?
3. Have you and Airys (Rick) set up a time so that he and StockHog (Paul) can verify past PR's?
1) honestly not certain of asset value in middle east and I certainly do not want to be quoted if I am not correct. I will look into getting an accurate number for you.
2)Not sure what the exact requirements are. I know we are looking into a bulletin board shell at this time. I think it wiser to walk a bit more before trying to run, or jog for that matter. I don't think it to be realistic at this time for sljb to make the move to that high an exchange.
3) no time has been set as of yet. I didn't realize that was the purpose of there trip but it makes no difference. I am not sure if I am welcome to that meeting as of yet. But from what I understand, they are planning to come up before the new year.
fliptilldeath...I simply do not know what you are sking about funding the shares...please forgive my ignorance...
Lebanon show is still a go ahead and we have no reason to cancel regardless of what is going on at this time. sljb must continue moving forward doing what it is we do...selling building supplies.
Thank you for taking your time during the holidays to try to clear things up.
How is your father doing? I hope well.
May 2007 be a prosperous SLJB year.
God Bless you and your family.
lasernat...lol...here you again...when did I say the afs were bogus?
This is not my area of expertise so forgive if I mess this question up.
The company has to fund the SPAC. This funding was supposed to be done with the assets coming from ME. These turned out to be the contracts that did not materialize.
From what I understand now, the SPAC or share vehicle taken from LWFK, is not funded and SLJB shares are not connected to any assets. This is my confusion.
If the shares are backed by the company, they have value, thus SLJB can not trade below a certain pps based on the potential future earning of a growing company.
Like I said, I am trying to get back to basics. My area is in trading, not running the business. I look at several areas but this is the first time I have ever run across this situation and complexity when trading, so forgive my "inexperience" with all questions.
Who are the majority shareholders ?
What is in your opinion the fair valuation of the SLJB Shares we own ?
Can we have proof of anything in the ME ?
Petar,
What pretext did Gary from the Windsor Star give you when you agreed to be interviewed by him?
4gemz
Peter. I have an average of 0..07 cents per share and my portfolio has gone down big time. I am thinking to add some. Do you believe that investing in SLJB is a good idea? Or is it better to wait. If you cant answer I will understand.
Petar you did not say they were bogus but I asked you:
Petar at what point in time did you realize the audit (if it existed) was not in line with the posted financials on the Sulja site?
And you replied:
lasernat: Of course the work was done and your statement, although you may think them cute or witty, are not helping you, me or the other shareholders. To answer your question:
About one week after reviewing the figures. Posting total revenues on deals we are simply making a percentage is incorrect. I asked that those figures be removed from the website but was not aware that they were still somehow viewable.
So what I am asking now is did you know this before or after Ramadan? Or was this a week prior to the crash of the stock?
BTW before I forget, thank you for taking the time to answer my questions.
Petar ok I will leave the date of the Wessal question alone as you seem to want to take the fifth on that one however I did ask you earlier about when you knew the audited financials were bogus compared to the unaudited financials and you you responded a week I believe. Was that a week before the crash or was that a week before Ramadan?
It was brought to my attention on the 15th of november just before we were going to post that certain facts provided by sljb and included in the afs were not completely accurate. This effected the numbers in the afs and when extended, portrayed an inaccurate accounting of sljb...there were a few factors involved. one of these were the inventory numbers, another was the fact that income from brokered deals were not posted accurately which caused the final figures to be inflated. this was an internal problem within our own accounting department and not the fault of the auditors. I was thankful these mistakes were caught in time and no laws were broken. Would everyone rather I simply post these figures and then watch the stock crash later? I never wanted this to effect the share price in either direction. We simply wanted to inform our investors.
Why in the world would any buyer in the middle et want to have a small Canadian lumberyard be the middle man in these multi million dollar cement stuff?
Why would they not go directly to the source like good business men and cut out the fees of the middle man?
Cause Steve is a nice guy?
4gemz...what did he give me? nothing, why would he give me anything?
pnv said..."none of my corps anywhere on this planet owned shares of sulja other than through trust agreement. "
Can you explain this "trust agreement" a little further ?
insider...why don't you call a major cement supplier or steel supplier and tell them you want to buy their product in large quantities. They will always protect their distributors. The deals arranged by us are very complex and involve a number of players. Cement is like gold in todays market.
"A" noticed you used my post on IHUB, but no creds...What up with that????
A trustee simply sells shares for the benefit of a shareholder who doe not want the liability of doing so.
Petar
You had to know that by not posting the AF's that the stock was going to crash especially when telling people up to a least an hour beforehand that you were on your way to getting them posted. Still they are not posted. You say you did not post them because they were much lower than the unaudited financials, is all of this correct?
Peter. Do you believe the actual price reflects the real value of SLJB. Or do you believe SLJB is undevalued? If undervalued, when do you expect shareholders will see a fair price in the market?
Airys418 or as I call him "A":
and it's $.5 mil not $4.5mil. Don't post wrong DD please.
Did I get lost or just didn't make my question understandable?....
Flippertilldeath said...
This is not my area of expertise so forgive if I mess this question up.
The company has to fund the SPAC. This funding was supposed to be done with the assets coming from ME. These turned out to be the contracts that did not materialize.
From what I understand now, the SPAC or share vehicle taken from LWFK, is not funded and SLJB shares are not connected to any assets. This is my confusion.
If the shares are backed by the company, they have value, thus SLJB can not trade below a certain pps based on the potential future earning of a growing company.
Like I said, I am trying to get back to basics. My area is in trading, not running the business. I look at several areas but this is the first time I have ever run across this situation and complexity when trading, so forgive my "inexperience" with all questions.
December 26, 2006 2:22 PM
odi...What I believe is not relevant. What is relevant is regaining the confidence of the public and our shareholders. that is what we are attempting to do at this time. When there is so much fog, it is sometimes best to pull over and let it lift before continuing on your journey.
Airys418 or as I call him "A":
Nice catch, but still no creds!!!
Is the Windsor Star considered to be a reliable news source in your area? I have only read one of their articles (any guesses as to which one?) and choose to believe a hidden agenda existed. I have often wondered if the reporter incurred a financial gain by showing Sulja in an unfavorable way. I wonder if he was shorting the stock.
Thanks for visiting with us.
4gemz
fliptilldeath...let me see if I could get this right.
1) all assets which were owned by sulja bros. building supplies ltd. in Ontario are now owned by Sulja Building Supplies ltd. in Ontario. Every last share of Sulja Building Supplies ltd in Ontario is owned by SLJB. I am not certain of the value of these assets, as we are waiting accurate figures from appraisals. I am certain that the value will be in th millions. These assets belong to the shareholders of sljb and nobody else. Is that what you are asking or am I just a complete idiot? Sorry if I am...and I will try again.
Petar
Are you stating that the audited financials were not published because they were considerably lower than the unaudited financials and you feared a stock crash?
Or are you stating that the audited financials were incorrect due to erroneous information given to the auditors by SLJB?
PNV wrote: odi...What I believe is not relevant. What is relevant is regaining the confidence of the public and our shareholders. that is what we are attempting to do at this time. When there is so much fog, it is sometimes best to pull over and let it lift before continuing on your journey.
Petar, gaining public confidnce is done by "doing" not by talking or "bloging".
I like you Fog comment....Wish you would've given that advice prior to Nov 15th...
Wait hold on, seems like you did. But only to a select few..
4gemz...I come from a large city where there are a number of newspapers printed daily. The Windsor Star is the only game in town here. I would like to think that they are reputable and I still subscribe to them. I can assure you that this man has a dislike for me for some reason and that he misquoted khan, sam sulja and me. Don't know why and really could care less any more. The man simply hurt the shareholders more then he did me.
PV, you did me justice. Now is there documentation somewhere that says this?
(As you can see the list gets bigger)
Learning a lot:
1) SLJB debt free, aside from leased vehicles
2) SAM is now SLJB also debt free
3) cash on hand = $.5mil
4) Trustees have no shares to sell so float is 608mil
5) lawyers all paid for with cash
6) all shares are backed by company assets
7) SLJB set to go to Leb conf.
insider....that simply is not true and by saying so you are implying that I broke the law. Please, if you have a factual basis of this, simply say so. This thing you do either out of anger or for whatever reason simply makes no sense to me. Either you are a angry person and I simply can not convince you that I did what I did because it was the right thing to do, or you too hate me and it wouldn't matter if I laid golden eggs at this time. I am sorry for your anger, I am sorry what happened did, we are trying to fix it, it appears you simply want to cry about it. Let me know when the anger and tears stop because we could really use all the help we could get right now.
Petar
Thankfully this will be my last post. Please answer it. On the nite you were to post the financials you told people you were on your way to have them published. Yet according to your own admission here you knew you would not publish the information for whatever reason. You want us to believe you were so concerned??? You had in your power to publish a PR before the bell rang in which to give an explanation as to the holdup that could have saved the stock from crashing and you did nothing! WHY???
Petar the deal might be complex for a run down lumbyard and ex painter who could not count and came up with WRONG numbers on their supposed "Audited" financials...
My dog coul secure 100 million dollars worth of cement...
bad advice and my own stupidity to listen to it...knowing bad press was on its way and trying to stop it (wasn't successful obviously). To put it quite simply, I really messed up and was trying to fix it. We are still trying to fix it and we will. To put it in a nut shell...I really messed up and that is the reason I stepped down but did not run. All honest mistakes can be fixed. I am done licking my wounds and will correct all mistakes. A promise that means nothing to you I am sure and for that I am sorry. But I will fix it.
petar, what happened to the previous a/f you guys pred may 5th?
"LoftWerks Inc. (OTC: LFWK) announces its first exchange move milestone has been achieved. On May 4th, 2006, the merged company of LoftWerks Inc. and Sulja Brothers Building Supplies completed audited financials. The audits were conducted by a premier international accounting firm. The financials were submitted to the Company Directors and Gottbetter & Partners, LLP on the same day. "
Peter, I see you have decided not to respond to my question about who is Wessal, correct?
You had a perfect opportunity here to restore alot of investor confidence just by providing all of us with verifiable info on Wessal. But you chose not to.
I find your following words
hard to comprehend now.
pnv said...
odi...What I believe is not relevant. What is relevant is regaining the confidence of the public and our shareholders. that is what we are attempting to do at this time. When there is so much fog, it is sometimes best to pull over and let it lift before continuing on your journey.
December 26, 2006 2:38 PM
That's enough insiders
If all you are going to do is abuse what has been set up here, please be kind enough to stop posting.
Let's let the past be past, and look to the future.
I for one still believe we have a good investment here.
Petar,
The fact that you didn't up and run after this all happened shows a lot. People are not happy about the past, but the majority of us appreciate the efforts your putting into getting SLJB back on the right track. The past is the past and there is no way we can change it. Here's to a bright future for SLJB.
insider...if your dog is so good at selling cement, you should send him to the middle east and have him make real money. Or better yet, tell him I'll hire him. Good traders are hard to come buy. BTW...selling it is easy, finding it is the trick. Ask your cat. She might have an inside on that end.
I would have to doubt the integrity and the wisdom of the editors of the Windsor Star for allowing that story to be published. I certainly would not continue to subscribe to that rag.
Thanks for your time and enjoy the remainder of the holidays.
4gemz
PV i see you are getting baited by some posters her so I feel I need to expose something here and now in order to continue:
I held a lot of shares of SLJB and when it crashed I lost $62k. It did not break me but it hurts, nonetheless. I trusted your words and SLJBs PR's, like many others. I am angry about that and would like to know the facts of the past 2 months.
Not being able to do that, I am trying to put together the pieces of what is left. Sound familiar? I have been labled a basher on IHUB and have been unfairly banned from the site.
I have called you and the company liars because of that anger and do not know where I stand as of now.
This is why I am asking these questions. If you are truthful about the company starting over than you have no fault with me starting all over as well.
I just felt I needed to clear that up.
sophia...I am sorry. I didn't ignore your question. I will try to scan there license and post it here tomorrow. Is that okay?
cm3ilongtermer, his idea not mine...
Petar, since this blog is hit or miss with questions and/or answers, why don't you tell us anything and everything positive that is happening with SLBJ that you feel that you can share with us. If you're looking to restore investor confidence, rather than answering the multitude of questions... just give us a brief synopsis of developments, deals, assets, news, whatever that is proof positive.
Let's for a moment forget about any and all of the negative that may exist... just give us the good things that you are willing to share.
thanks.
Peter
I will look forward to that.
Thank you.
Come on, guys.. badgering a man when he's down by his own freely-admitted mistakes helps no one except, of course, to inflate your childish egos.
The mis-steps cited today haven't been proven to be willful as yet...if they're proven to be so, the crap will hit the fan. Until that time, can we not at least respect a man for trying to repair a mess caused more by simple ignorance than anything?
thank you flippertilldeath...I will be as truthful as I can... that means I will tell all I know. Bashers are as much a part of this as people who wrongfully promote. So long as you are a shareholder, I am at your service in respects to sljb. Everyone's help is welcome and required at this time.
Petar, By your own admission now you have said my dog could secure it...
Selling is the hard part so you say.
I agree, no need for the middle man. Go direct to the source.
Why would they want to buy from you? Who are you? Who is SLJB?
The deal is complex? You find someone selling and put them in touch with someone buying and collect a fee.. Once again why would a major contract come to a little depressed town lumber yard to broker a massive deal such as the one PR' D.
Also, since every PR inclusive of the Ammerman days have been full of exaggerations at best and lies at worst why would anyone be expected to believe anything this company has to say.
Put it out for all to see or be found guilty in the court of public opinion.
insider...all kidding and bantering aside....have you ever tried to secure cement? Please, call a large provider, tell him you want only one million tonne and will pay him $55.00 us a tonne. That's 55 not 48 or 50...offer 55. Secure it without a 55 million LC and now sell it. Do this just 5 time a year. Oh BTW,it sells for 65 a tonne in some parts of the world and still they can not get any. There are so many variables and deals like this take a long time to coordinate. There are port restrictions, shipping considerations, bonds, insurance..ect. It really is not that easy.
"thank you flippertilldeath...I will be as truthful as I can... that means I will tell all I know."
It would put me at ease if you/SLJB provided some form of documentaiton that shows the connection between the shares and backing by the company. I know you have nothing available right now but there is a papertrail whether it is one or 50 pages.
Learning a lot:
1) SLJB debt free, aside from leased vehicles
2) SAM is now SLJB also debt free
3) cash on hand = $.5mil
4) Trustees have no shares to sell so float is 608mil
5) lawyers all paid for with cash
6) all shares are backed by company assets
7) SLJB set to go to Leb conf.
Clarification:
1) tire manufacturing plant - no deal
2) $98mil cement deal mentioned on SLJB blog a while back - no deal
3) Recent cement deal - still not finalized
4) Cement which is owned by SLJB and held "on credit" - what is this worth? (is this part of the AF which is being prepared since it was aquired sometime ago?)
insider....I am not asking you or anybody else to believe me. I am simply relaying the facts. Believe what you will and please, after reading all you have wrote, do not tell me that you believe anything I say now or in the past. So...knowing that, why are you so upset?
flipperforlife...tire deal is a go ahead. sljb never owned the plant but will supply materials(nothing changed)
and who is holding cement on credit?...where did you get that info? We are brokering a deal....People, can I make this any clearer?
And what qualifies SLJB or any of it's employees or officials to take on such venture?
Petar the pudding is in the details.
Put it out.
and I am praying for the lawyers to allow steve to post at least the assets of sljb so we may move onto other things
By the way here is a quote from your resignation pr:
Along with Petar Vucicevich, Kore International Management Inc. will no longer have a roll in the management process of SLJB.
Did they hire you back? Cause even this pr is incorrect as tonight has proven.
Petar,
Could you ignore insider for a moment....obviously you will not say enough to make him belive in the company.
Could you please answer the following post by lumber.
Thanks in advance.
Lumber said...
Petar, since this blog is hit or miss with questions and/or answers, why don't you tell us anything and everything positive that is happening with SLBJ that you feel that you can share with us. If you're looking to restore investor confidence, rather than answering the multitude of questions... just give us a brief synopsis of developments, deals, assets, news, whatever that is proof positive.
Let's for a moment forget about any and all of the negative that may exist... just give us the good things that you are willing to share.
thanks.
December 26, 2006 3:08
insider....you are right....I hope that will be very soon so I don't have to keep repeating myself...But if you really do not believe this or anything else to be true, then, if you don't mind my asking, what are you still waiting for?
cm3...fogive me please. If you wou;d allow me some time, I will write a little something about what I know to be true about this company and where I feel it is going. I will post it later tonight but remind you that I am not CEO any longer and I do not now or in the past own any shares. Therefore take what I write with a grain of salt. I will not try to mislead or misinform you. I will simply give you my opinion using facts that I know. Is that okay?
pnv said...
and who is holding cement on credit?...where did you get that info? We are brokering a deal....People, can I make this any clearer?
_________________________
Well, this is how it was laid down to me, since that is all I can speak for. Had I access to my full subscription on IHUB I could pull that info up.
I was under the impression from your meeting in Canada with "the IHub two" A and stock hog, that SLJB was given a buch of cement to sell and they "owned" it outright.
It may have gotten skewd in translation. Also from Dec 6 PR: "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."
Was this paid for out of the money raised from the stock selloff?
Peter - investor confidence can come back. You being transparent here will be a good and valuable step in the right direction, for everyone.
Reasonable and trustworthy time frames and verifiable info is the other half of the equation. With that said, the deal PR'd 2 weeks is what most are waiting on. I am sure you are aware of this.
When do you think investors will hear informaton about this deal?
To be honest Petar, I am waiting to see how many more times you and SLJB will put your foot in your mouth.
I'm waiting and watching in utter amusement and disbelief that trust but verify is a concept that is unknown to some.
I'm waiting to see how the story of SLJB and it's cast of characters (and trust me there are a lot, from posters on ihub to it's mods, to former and current posters who were insiders in lfwk and sljb and to the blogger known as the worm) ends.
I watch in utter amazement that you would start another blog. And that you would find another text message buddy.
Petar, it goes on and on.
PV caught a funny on your part...it's flippertilldeath, not flipperforlife!!
But if you get a chance, tell "A" to give credit where credit is due. He's posting your answers to my questions as his posts on IHub!
Thank you Petar,
Very much appreciates.
Will check in later for that.
God Bless
pnv said...
cm3...fogive me please. If you wou;d allow me some time, I will write a little something about what I know to be true about this company and where I feel it is going. I will post it later tonight but remind you that I am not CEO any longer and I do not now or in the past own any shares. Therefore take what I write with a grain of salt. I will not try to mislead or misinform you. I will simply give you my opinion using facts that I know. Is that okay?
----------------------------------
That works for me. I'd really like to hear what you believe to be true (not what you hope to be). Any verifiable info would also be greatly appreciated. I'm in this just like everybody else (and in the red) and i want to know what the company is doing to get us back on track and moving foward. What we as shareholders can expect in the future.
Sophia....I could actually answer that question not as a member of the sljb team, but as KORE...so take it and evaluate it for what it is worth. The buyer has provided us with a draft LC which is to be perfected by the sellers bank within 5 business days. I want to ensure everybody that all contracts and master fee agreements have been signed at the time of the pr. getting banks to agree to conditions of th LC has proven a bit more difficult as both sides jockey for a better position. This is a world where even .05% matters and we must allow both sides to satisfy themselves. Sulja Building Supplies is listed on the master fee agreement for .90$ us per metric tonne and all docs have been registered with the appropriate government ministries and banks.
Insiders,
if you are simply here for entertainment then you must have absolutely no life. Pathetic.
lumber...I will write what I think will answer your concerns. Let me know if it clears things up for you.
skipped two:
1) Flippertilldeath said...
pnv said...
and who is holding cement on credit?...where did you get that info? We are brokering a deal....People, can I make this any clearer?
_________________________
Well, this is how it was laid down to me, since that is all I can speak for. Had I access to my full subscription on IHUB I could pull that info up.
I was under the impression from your meeting in Canada with "the IHub two" A and stock hog, that SLJB was given a buch of cement to sell and they "owned" it outright.
It may have gotten skewd in translation. Also from Dec 6 PR: "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."
Was this paid for out of the money raised from the stock selloff?
______________________________
2)Flippertilldeath said...
PV caught a funny on your part...it's flippertilldeath, not flipperforlife!!
But if you get a chance, tell "A" to give credit where credit is due. He's posting your answers to my questions as his posts on IHub!
December 26, 2006 3:42 PM
utvolsfan....thanks for the support, but maybe insiders has genuine concerns but is just angry due to the lack of communication. A lot of his questions were valid, he just presents them in a very negative way. We have a whole lot of negative at this time and I think we need a little more positive right now. Let's be real for a second if we may...If trading in Ontario is halted, we as a company and all it's shareholders must address this issue or at least prepare ourselves for the short term "worst case scenario" Steve will need all the help he can get and perhaps even insiders might have a few valid suggestions he could share.
flippertilldeath...9sorry about the name thing BTW)... these are allocations given to us by manufacturers. In short, we are given the right to sell before anyone else. This is actually a big deal and not easy to achieve and quite frankly, we pulled a lot of favours to get to this point.
wow...what happened?...I will be right back...too much coffee.
utvol...Fortunately my life and money is a secure and fullfilling one.
Wish I could say the same for all current SLJB shareholders who have to come to a blog started by an ex CEO of a stock that has fallen from .20 to .015 looking for answers.
WTG SLJB Way to go.
Petar, do you have any indication at this time that SLJB will be halted Canadian trading by OSC?
Rather than simply YOU personally?
petar, you said something like you and steve have always planned to uplist to otcbb. now, you did not take any steps in that direction whatsoever. what kept you from registering with the sec and file audited 8ks for each deal or aquisition? it would have costed you less money than all the lawyers you pay now, plus it would have eliminated all the uncertainty
surrounding the deals/aquisitions.
Insiders, are you with the Windsor shorts? You seem more then just a little concerned for having your money in a secure place.
Myself and many other shareholders don't need saviors. I think we just celebrated the birth of the real one.
Hal Engel
spaceheater...I sure hope not. We are so busy already without that headache at this time. However, if you want my opinion, I think they will till they get a full understanding of what has transpired. I have no concerns explaining to them whatever they ask...my concern is the effect that this action will have on the shareholders. Sulja will continue on its path regardless, our shareholders will have to, once again, guide themselves through blind faith. I know steve will not fail you. He really is a good man and the entire sulja family believe in what they are doing and are thankful to all the shareholders. This I know to be God's truth and nobody can tell me different. time is what we need right now and a little more faith from the shareholders. But I can not ask you to stay....only to have faith. If laws were broken, penalties will be passed down. If we did anything wrong, we simply ask the opportunity to correct our actions not in lieu of any penalties but because we intended this to be a great company and still insist on completing what we started.
Flippertilldeath said...
DO I have this correct so far?
Learning a lot:
1) SLJB debt free, aside from leased vehicles
2) SAM is now SLJB also debt free
3) cash on hand = $.5mil
4) Trustees have no shares to sell so float is 608mil
5) lawyers all paid for with cash
6) all shares are backed by company assets
7) SLJB set to go to Leb conf.
8) tire manufacturing plant being supplied by SLJB
9)Cement allocated to SLJB so SLJB can make deals knowing they have a ready supply
10) 1st cement deal being approved by banks, maybe another week til finalized
Next question: OSC has issued letter asking "trustees"/company...whoever is selling shares, to stop. This matters not because the remaining 192mil shares are returned to the TA and to the treasury and will not be sold?
well written willywizard
BIKERIDER, he already addressed your questions. keep up please. good grief.
flippertilldeath...steve and I agree on this point. SLJB has no intension of selling any more shares at this time. As a matter of fact (here's a little tidbit for you) it was decided prior to November 15th that November 14th was to be the last date the trustees were to sell. Now there are those out there that will think the worst of that statement. It was believed, however, by steve and myself that if the afs were released that the share price might climb and we didn't want it to appear that we were profiting or munipulating in any way by the release of the afs. Steve and I agreed to this and signed off on it.
trustee shares BTW where only the corp benefits.
quiet again
Learning a lot:
1) SLJB debt free, aside from leased vehicles
2) SAM is now SLJB also debt free
3) cash on hand = $.5mil
4) Trustees have no shares to sell so float is 608mil
5) Company will not sell anymore shares
6) lawyers all paid for with cash
7) all shares are backed by company assets
8) SLJB set to go to Leb conf.
9) tire manufacturing plant being supplied by SLJB
10)Cement allocated to SLJB so SLJB can make deals knowing they have a ready supply
11) 1st cement deal being approved by banks, maybe another week til finalized
__________________________________
Assuming the above is current and correct:
Total rev for SLJB (inclusive SAM), before taxes for 2006:
to be about $4-5mil???
PV,
When can we expect more PRs re: verification of prior deals, structure, etc.?
Cactus Jack
So even if the OSC does halt trading in Ontario, you are confident that this decision can be reversed based on the facts?
if I am not mistaken...first year end is december 31 2006. I don't think the numbers will reflect that in such a short period. If you look at it from a full 12 month perspective, the cement deal alone will provide aprox. 8 million a year if this deal closes as I anticipate it will. We will not see any profits from this deal by dec. 31st of 2006.
petar, why don't you run all the me cement deals throught kore or consultech instead of sulja? you broker those so you don't need sulja, plus from what you say you don't own any sulja shares nor are you involved with sulja other than being a consultant. why would you run the deals through sulja and make no money, instead of using kore/consultech and make lotsa money?
Petar. A simple Yes or No.
Do you believe the SLJB price is undervalued? If so, when do you think the price will move to a fair price?
yes I am confident that once we state our case and provide any info they request in a timely manner, this should pass. All those involved share this confidence.
Petar. When do you think we will see the AFs? 1st quarter 2007? Never?
Actually i was basing the figure for regular earnings minus the cement deal. It was reported that earnings for 2006 were to be a liitle on the short side due to slowdown.
Offers me the chance to double up on my question though (sorry)
Not beating dead horse:
"steve and I agree on this point. SLJB has no intension of selling any more shares at this time."
with the rev coming in, the cement deal for 2007, which alone should be a huge boost to expendable cash, why not retire these share and boost eps?
in my opinion....yes...I really can't answer the second part of your question other then to say that I believe once the shareholders have regained there confidence, the price should climb...until such time steve and I could raise the dead and it will not help.
To Peter - I appreciate your attention. I do.
Thank you for the information. I am not sure why sljb could not have provided an update like that?
This is what hurts sljb. Not being accurate on their pr's - sljb comes off as incompetant.
People in financing know that banking docs of this nature get tinkered around with even at the very end and usually take an additional 2-3 weeks. But not all investors know this. Why didn't sljb make that clear in the PR as they should have, in my opinion.
The result is that sljb becomes a flippers game.
I say this as a shareholder. And I hope it is advice that is taken for what is: an attempt to make this company strong.
Thank you for your responses and I look forward to the information on Wessal.
Sophia
I believe we need to provide you with much more information in a proper forum, not here, before this goes anywhere. I would like to see that happen quickly as would steve.
Willy!!!!! And PNV
Nice try but it's not about me.
It's about SLJB, Petar V or Petar Wolfe. The insiders. And The pr's and blogs and text messges and so on.
Why are you trying so hard to put the attention on me guys?
My points are dead on. And do not contain forward looking clause statement and do not include any "DATE CERTAIN" release dates.
thank you sophia
Petar. Is there a possibility that the SEC halt SLJB? or do you believe this is just a negative rumor?
Can you tell us anything about the various overseas design depots? Where are they? Are they open? What is the purpose of them?
actually insiders, I forgot about you let alone make it about you. It appears it is you who is trying to make it about you. It actually isn't about me either...it is about the company and her shareholders....but thanks for the input. Now, would you like to provide us with something constructive? Something that might help us? Or would you like to simply sit here all night attacking me and steve? I'm fine either way.
Petar. I really appreciate your time. Sharing with us!.
The last two months have been extremely difficulf for the shareholders. I really hope you and the management team are doing the right thing in order to solve all this mess.
was this addressed to me or someone else?
pnv said...
I believe we need to provide you with much more information in a proper forum, not here, before this goes anywhere. I would like to see that happen quickly as would steve.
December 26, 2006 4:35 PM
Who is Petar Wolfe ?
the design depots are not yet opened. We have every intension of doing so and the first one will be in the UAE. The purpose of these depots are to provide high end finishes to that market. Anybody who has traveled to this region will understand the need of such a depot. It works because we plan to have small show rooms in the region and people will come in and order their finishes. We don't plan to keep great amounts of stock on hand at these locations thus keeping our overhead and initial investment at a minimum.
I am. Another Stupid mistake and following the advice of those who "knew best". This wasn't meant to mislead, just a method to know who was calling and for what reason. Stupid I know...but...
Do you know about when the first design depot (the one in the UAE) will be open? This seems like it will change the structure of SLJB significantly. Is this the next big step?
Petar. Investors have lost a lot of confidence in SLJB. Investors just not believe in SLJB presses. Is there a way, that you can back up your deals? I mean, audits are very important in this moment. People need to believe in SLJB.
Questions, like who is Wessal are arising lately? Or how can a small company has a cement deal of such magnitude?
Thanks.
Who owns SLJB ?
Peter said he would scan Wessal's license.
Odi - that previous post was for you.
frenchy....this is where sljb is unique...the shareholders own every last share of sljb
petar, why don't you run all the me cement deals throught kore or consultech instead of sulja? you broker those so you don't need sulja, plus from what you say you don't own any sulja shares nor are you involved with sulja other than being a consultant. why would you run the deals through sulja and make no money, instead of using kore/consultech and make lotsa money?
DOn't know if you saw this? Your answer was not what I was referencing. You posted an answer but I was unclear if it was meant for me. Forgive if it was.
Here it is again:
Flippertilldeath said...
Actually i was basing the figure for regular earnings minus the cement deal. It was reported that earnings for 2006 were to be a liitle on the short side due to slowdown.
Offers me the chance to double up on my question though (sorry)
Not beating dead horse:
"steve and I agree on this point. SLJB has no intension of selling any more shares at this time."
with the rev coming in, the cement deal for 2007, which alone should be a huge boost to expendable cash, why not retire these share and boost eps?
bike....would you rather I do that?
You said. Shareholder owns sljb? Do you mean there are no major insiders? What do you mean? OS = Float?
flippertilldeath....why retire them?
Any idea for timeframe of completion of first design depot?
odi....the corp owns all assets including the 191,000,000 shares in treasury.
not at this time....one of the wessal issues being discussed...I felt these should be 100% sulja owned, they felt different.
petar, i'm not trying to tell you how to conduct your business, but from what i understand you get no money for u self from those deals. this i that i don't get, why you chose to run the deals through sulja instead of kore/consultech, what's in the store for you for doing that?
PNV wrote: but thanks for the input. Now, would you like to provide us with something constructive? Something that might help us? Or would you like to simply sit here all night attacking me and steve? I'm fine either way.
Yes I do have something that may help you out:
Shut down this blog, communicate through official pr's that are professional, to the point and accurate.
Apologize and admit to false pr's. Give back any profits made by selling of stocks by SLJB and it's insiders in the form of a dividend to shareholders.
Need to take care of those who sold for a loss somehow.
pnv said...
flippertilldeath....why retire them?
December 26, 2006 4:58 PM
____________________________
boost eps. SHow no need to have them, drop O/S back down to 600mil, though up from 500mil.
With all debt paid and income already from regular ops, all the new overseas deals should be gravy. You want to uplist, show the shareholders they are important, especially after the beating we have taken...
If SLJB has what they need to move forward, why hang a noose over our heads...just in case!
thanks insider
Peter - not a problem
One last question for you this evening.
Do you think we will get halted?
It's my understanding that the letter from the OSC was to you, not SLJB? I am confused about that as well. If redundant question, Please excuse.
Thank you for taking the time tonight to discuss these issues.
It is good.
Petar. Please answer Sophia question. There are many shareholders with this concern.
what about the future needs of the corp? Don't you think they should be there just in case....and how about board strength? Shouldn't the board in the future have the security of these shares? We are not going to sell them. This should be an issue for the new board to decide on don't you think?...we can restrict them I guess
I know there has already been some questions answered about merging with an already reporting company. Is SLJB actively trying to do this, or is it just a possibility? As many have said, it seems like this could solve a lot of SLJB's current problems. Is there a strong likelihood that this could happen?
Petar. Tks for sharing. I am not sure if I invested in the right company. All I know, is that I am down big time. However, I hope you and SLJB team is doing the "right" thing. This is all I ask. The rest will come in our favour if that is the case. I hope the presses you released are honest (at least a good %).
Good Night and Happy New Year.
sophia....steve was not in on friday. I do not know if he received or was to receive anything from the osc...As far as I am concerned I feel we may be halted in Ontario. This will be dealt with I assure you. We are not going anywhere and are fully prepared to answer any questions any regulatory body may have. To date, I am not aware of any requests formal or otherwise made buy the osc for information.
Then restrict away, though, those other shares were restricted as well, but got sold....this has caused serious bashing of the stock.
You have said you would copy and post Wessals license, which I assume you received in order of doing business with. This, when completed is appreciated.
Your meeting with the SLJB 2, or referred to as "AirHog" on IHub, is for verification of past PR's and the paperwork which supported them. This when completed is appreciated.
If you could please read carefully my list and correct anything wrong or misleading, according to you. (I understand SLJB has not imputed on this list)
1) SLJB debt free, aside from leased vehicles
2) SAM is now SLJB also debt free
3) cash on hand = $.5mil
4) Trustees have no shares to sell so float is 609mil (191mil in treasury)
5) Company will not sell anymore shares at this time
6) lawyers all paid for with cash
7) all shares are backed by company assets (approx in millions)
8) SLJB set to go to Leb conf. (paid fee associated with registration)
9) tire manufacturing plant being supplied by SLJB
10)Cement allocated to SLJB so SLJB can make deals knowing they have a ready supply
11) 1st cement deal being approved by banks, maybe another week til finalized
I must agree with Flipper on this last point - retiring ANY of the 191,000,000 shares in treasury would boost investor confidence.
It does seem to be a noose over our heads - it lets the company remain one step closer to serious dilution. If we KNOW they, or a portion of them will never be needed, a PR announcing the retiring of 50 million or 100 million shares would be tremendous. Good point.
Petar, thanks again for this opportunity - as we can all see, the tone is more positive and constructive. As you said Petar, sometimes when driving in a storm you just need to pull over and let the fog pass before driving on.
flippertilldeath.....all good. I will do as I said I would.
Petar,
Sorry to repeat myself.. Is there a good possibility that SLJB will merge with an already reporting company or is there just an outside chance? Is the company actively persuing this?
I will discuss retiring 75 million with steve in the morning along with all of your concerns.
yes they are...it was something I started and steve is now working toward completing it.
somebody deleted something....what did I miss?
pnv said...
I will discuss retiring 75 million with steve in the morning along with all of your concerns.
December 26, 2006 5:18 PM
_________________________________
I deleted my post and got booted for some reason. Had to sign back in..
I had posted offering that to SS at some point but you beat me to it. I appreciate the offer and wish you luck. It will go a long way.
well everyone, I hope I was some help to you tonight. Please understand, I am not here representing sljb, rather, I am here representing myself and trying to relay to all of you what I know to be true. Have a good night and thank you all.
petar ,
where is your friend Allinone ?
SLJB New DD (per PV):
1) SLJB debt free, aside from leased vehicles
2) SAM is now SLJB also debt free
3) cash on hand = $.5mil
4) Trustees have no shares to sell so float is 608mil
5) Company will not sell anymore shares
6) lawyers all paid for with cash
7) all shares are backed by company assets (approx in millions)
8) SLJB set to go to Leb conf. (paid fee associated with registration)
9) tire manufacturing plant being supplied by SLJB
10)Cement allocated to SLJB so SLJB can make deals knowing they have a ready supply
11) 1st cement deal being approved by banks, maybe another week til finalized
12) Actively looking for a merge with OTCBB company
ALSO: offering to present SS for 75mil shares into restriction, not guarenteed.
_________________________________
About the merge. IS there any expectation that more shares will be added at that time or will the share count remain stable?
Thank you again.
who is this allinone? I assure you it is not me. I'm sure though that this allinone has an ip address and once and for all this matter can be put to rest.
Thanks for deleting my opinion !
What are the names of the lawyers involved?
What is the name of the auditor for the fins?
Why would the OSC request you (Petar) to stop trading if you've never had shares? Or did you mean by "us" as in everyone in Ontario?
Can you give us numbers/addresses of any of the SLJB offices, specifically in the M.E.? Not Harrow or Windsor.
Why did you create this blog after it failed on the company's site? Why aren't you speaking through PRs or even through the company site?
Thank you
don't know....trying to do a straight cash purchase with no paper involved. As I'm sure you are aware, people who own shells like paper and it is hard to convince them otherwise. What we don't want is to go through what Dennis did when he started. I think we have enough paper and would really like to see it stay where it is without adding anything more.
Trust me Petar ,
Three investors plus myself will not rest until we see Allinone behind bars and labeled as a Felon.
Can't wait to visit him and his siblings in Prison.
I am relentless !
shareholder...if you call sulja in the morning I'm almost certain they will give you as they have others info on lawyers and accountants.
As far as to why I am doing this...I was asked to by a number of shareholders. I can not put out sljb pr or write on their site. I can only answer for the time I was involved as CEO.
Audit?
When my personal audit was due last year I had to ask for an extension. It took me almost three more months to gather some additional information my accountant needed.
Eventually I filed with a little added expense.
Glad I am not public.
Thank you,
Hal Engel
yankees...ip address...really shouldn't be that hard.
SLJB New DD (per PV):
1) SLJB debt free, aside from leased vehicles
2) SAM is now SLJB also debt free
3) cash on hand = $.5mil
4) Trustees have no shares to sell so float is 608mil
5) Company will not sell anymore shares
6) lawyers all paid for with cash
7) all shares are backed by company assets (approx in millions)
8) SLJB set to go to Leb conf. (paid fee associated with registration)
9) tire manufacturing plant being supplied by SLJB
10)Cement allocated to SLJB so SLJB can make deals knowing they have a ready supply
11) 1st cement deal being approved by banks, maybe another week til finalized
12) Actively looking for a merge with OTCBB company...possible straight cash purchase with no paper involved.
ALSO: offering to present SS for 75mil shares into restriction, not guarenteed.
what did this allinone do that got you so worked up that you want his family to serve time...lol..that's pretty severe.
SLJB is not trading on any canadian exchanges, how can the OSC halt trading ?
Or are you saying that the OSC can have people from ontario stopped from trading ?
flippertilldeath....I said I would ask if he would retire 75 million...not restrict.
Frenchy...I really don't know. I do know they can stop Canadian brokers from trading any stock.
Thanks Petar ,
we know who Allinone is and where he is !
Detroit .
We will wait until he is sipping on bubbly and smokin Cubans to commence with the game !
Oh by the way please please please either upgrade the website or close it down .
Just my humble opinion!
Updated: "also" was inaccurate
SLJB New DD (per PV):
1) SLJB debt free, aside from leased vehicles
2) SAM is now SLJB also debt free
3) cash on hand = $.5mil
4) Trustees have no shares to sell so float is 608mil
5) Company will not sell anymore shares
6) lawyers all paid for with cash
7) all shares are backed by company assets (approx in millions)
8) SLJB set to go to Leb conf. (paid fee associated with registration)
9) tire manufacturing plant being supplied by SLJB
10)Cement allocated to SLJB so SLJB can make deals knowing they have a ready supply
11) 1st cement deal being approved by banks, maybe another week til finalized
12) Actively looking for a merge with OTCBB company...possible straight cash purchase with no paper involved.
ALSO: offering to present SS for 75mil shares into "retirement", not guarenteed.
I will tell steve to upgrade. I know they were working on the products page and a new flyer last week. Please fill me in about this allinone....this is not the first time I've heard about this person but nobody has ever told me what they've done....if they are doing something wrong, please tell me and I will direct the proper people to deal with them.....seriously
flippertilldeath....why don't you call steve in the morning and speak to him about this....if you can't get through, leave a message and I'm sure he will return your call.
Petar,
Can you give us a ballpark amount on how much profit SLJB made in 2006?
Does not need to be detailed, just a ballpark on bottom-line profits, not revenues or assets.
We can even make it multiple choice to make it easier:
a. Less than $1 million US
b. Between $1-5 million US
c. Between $5-10 million US
d. Between $10-15 million US
e. More than $15 million US
Thank you
In distancing yourself from SLJB, your company(s) supplies jobsites as well?
What does SLJB offer that yours does not? Trying to understand your involvement with making deals for them. Are you on payroll? Commission for deals? Does this conflict with your own business dealings? ETC...
(not bashing, just asking)
shareholder.....which one? The old corp pre sljb....or sljb the nevada corp?..
Petar, here's a post from allinone
As you can see by this post, he sure acts as if he's part of the company.
On 10/23/2006 @ 11:51:27pm
"Financials are on their way. They have to be translated into some sort of funky language for Edgar to accept them. Can someone out there will puter savy tell me what language they have to transfer these in for Edgar to accept them electronically? They can't scan them and send them over, they have to transmitted in some sort of language. Help?
My Crystal Balls are my own, do your own DD before you invest! "
Yeh, if I did that and he said he would consider it, I might be tempted to buy some more and that would not be right, if he does. You making statements on a public forum is one thing.....me doing that is another. I will wait, thank you...LOLOLOL
flippertilldeath...I said I would do this so I will...I really have nothing to gain and as always, if sljb provides my companies with the same competitive pricing and service as they have in the past, I will continue to use them.
Sorry Petar ,
my investors and myself are down 210K between us on this turkey's advice,timing,and credibility linking him to major players and relatives of Sulija.
We can handle this badboy ourself.
One of my investor friends flew from East coast to Westcoast when he found out a guy that shafted him out of 10k was living in Northern California . It cost him over 15K to find him just to look him in the face and well you can only imagine . This investor is down 100+ K and is getting meaner by the day . Allinone rest in peace ! We don't mind making a bad investment choice but getting scamed , not acceptable .
Merry Christmas
SO, you actually broker the deal and buy the supplies thru SLJB to fill your contract?
______________________________
pnv said...
flippertilldeath...I said I would do this so I will...I really have nothing to gain and as always, if sljb provides my companies with the same competitive pricing and service as they have in the past, I will continue to use them.
okay...that's kinda funky. Does anybody actually know who this person is? And why would a company that spends on lawyers like most people spend on living for a whole year ask the general public for help on how to file? That is why I hate this internet thing...there really should be a way of knowing who you are speaking with. I know in Canada, the supreme court has ruled that a person who post is responsible for what they write and can be sued as if they were writing in a paper or magazine...not sure how it works in the states.
pnv said...
shareholder.....which one? The old corp pre sljb....or sljb the nevada corp?..
December 26, 2006 5:57 PM
I'm actually interested in both since it is the same company (hopefully lol) just seperate books.
That might make it harder to answer the question, but since it's just a ballpark guess I don't think it'll be that hard.
If it makes it easier, just guess the profits since going public.
Thanks again.
wow...flippertilldeath. you sure read a lot from a sentence I typed..lol...where did that come from. Where my companies purchase their products from is not in question here. Truthfully, I don't know day to day where they buy from. This changes daily. I do know that I don't need 100 million tonne of anything during the course of the year. But I am a very small fish in a very large pond. I may not use any cement in the coming year. I may use some, but certainly not that volume. The US collectively used only 120 million tonnes on major projects last year. We may not use the whole allocation and might only receive a portion of it next year. It is our job to move as much as possible so that it will be available to us again in 2008. My companies will I am sure use up some of it.
A new question! I am wondering who owns the property in Colchester. I am hoping it is SLJB. I recently took a drive across the river to look at the area. It appears to make sense to develope this area into an upscale vacation area. Let me say I visited the yard in Harrow and Sulja's new yard (SAM).
The people working there were very pleasant and appeared to be hard at work under some trying times. Send me a note at doubleeagle8870@yahoo.com, I want to buy you lunch one day soon.
shareholder....This is where the problem began...please understand, till such time an accountant can provide all of us with a audited closing statement of old corp which in essence will be the audited opening statement of new corp...I really just want to shut up about it. You see, old corp is looking for tax relief, new corp is looking for the most legitimate bang for the buck...somewhere in the middle is where the truth lies....I will not guess. sorry
LOL
I guess that may have been a broad interpretation of what you said...LOL
You did just confuse me. I thought SLJB was given the allocation. Thus you would get it thru them and they would receive the allocation again next year, if they sold it all.
Again, forgive me, I don't know the business end. I invest and/or trade. Are you "with" SLJB?
___________________________________
"We may not use the whole allocation and might only receive a portion of it next year. It is our job to move as much as possible so that it will be available to us again in 2008. My companies will I am sure use up some of it."
Thank you dollar...I will...and the land in colchester is owned by a number company of which I am part owner. There will be a total of six partners in the project by the time we get started. and yes...Sljb has the option of being one.
The reason sulja could receive such a generous allocation is because it was turned over by a number of companies which had smaller allocations. A couple of those companies were mine. By giving up these allocations and creating a larger broker of the product, our base price became much less. Therefore it has become more cost effective for me and the others to purchase through sljb then through our old method. sljb agreed to share the savings with us all in return for this. it is a win win situation and a great benefit for all those involved. We worked long and hard on this deal and was born long before sulja decided to go public. It also required sulja to have the means to accommodate this deal. these means were achieved by going public. Many out there do not like this deal as it gives many of us an edge in the market place. I am sure you understand.
With the tire deal, is the $124mil the actual amount SLJB will realize or is that the entire deal and SLJB has a portion of that. What amount?
Petar,
Is it fair to say that the Audited numbers are at least in the ballpark with the pro forma numbers?
on the deal now on the table....sulja will receive 90 cents on every tonne sold. the contract is written for 27 million tonnes over three years and is broken down to 9 million (approx.) per year. this translate to a gross profit for sulja of 8.1 million US per year. This is only one deal. A very large deal of course, but only one deal. Historically, each deal will be about 1 to 3 million tonnes per year. Some may be smaller but the profit is higher on those deals.
Petar,
Here are some of the reasons I invested in SLJB. On each of these days I added several thousand dollars worth of shares to my portfolio. I'm sure many have invested in it because of the same reasons. I do not expect a reply for this as there is nothing really to say. Unfortunatley, none of these reasons have come to verified fruitation because of numerous reasons. I only post this so you see there are MANY reasons shareholders are upset and are starting to think that this was a "pump & dump" scheme.
Until you can prove that over 80% of these were written in truth and honesty, then you will have a very hard time regaining investor confidence.
Thank you again for taking the time to talk to some shareholders.
July 31 - CEO Steve Sulja stated that although "the numbers show a good year, we intend to increase margins and overall revenues quite substantially in 2006." The company anticipates NET profits greater than $3M from the supply-side agreements it has attained with the Red Sea Group, an investment banking and asset management group with interests primarily in the Middle East.
Aug 2 – SLJB is meeting with Consultech Construction Management and Emaar Properties, in Germany, to finalize a major construction and supply agreement. A Red Sea spokesperson commented: "The joint venture includes the supply of lumber and other building materials for 3 new developments in Dubai and Abu Dhabi. Sulja Brothers is expediting supply chains to meet the immediate groundbreaking." A Wessal International Group spokesperson commented: "The deal with Emaar Properties will generate $124 million in revenue over the next 12 months for Sulja Brothers."
Aug 3 - A Wessal International Group spokesperson commented: "Recent deals have generated great interest in Sulja Bros. Building Supplies, Ltd. We are now working with one of the largest investment banking firms to complete the listing of Sulja Bros. Building Supplies, Ltd. on the Dubai International Financial Exchange." Wessal International has arranged for private financing of USD 25 million, of investment capital, for Sulja Bros. Building Supplies, Ltd.
Aug 4 – SLJB releases financial information. SLJB company spokesperson announced today that Wessal International is purchasing 25% of Sulja Brothers in the open market.
Aug 9 - CEO Steve Sulja states, "Sulja Bros. had an excellent year and the Middle East projects are already affecting the bottom line. The pro forma estimated revenue is $307,007,451.50 and estimated net profits are $93,951,965.18.
Aug 11 - Moreover, CEO Steve Sulja stated, "We conservatively expect the sale of the cement in Dubai to reach 180 million dollars over the next twelve months.
Aug 22 - Sulja Bros. currently has 800 million shares authorized with 500 million shares outstanding. All share counts have been rounded to the nearest million. CEO Steve Sulja stated: "The current outstanding shares are 500 million. There are 362 million shares held by insiders. Of the 362 million insider shares, 162 million are restricted. There are 138 million shares in the public float.
Aug 23 - CEO Steve Sulja stated: "The State of Nevada has received the assets. The balance sheet has been sent to our auditor and we expect to have the audited financials completed in mid-September. We are pleased to update our shareholders of the asset and audit progress. KPMG and Price Waterhouse Coopers will complete the audit and the assets are contained in the upcoming audited financials.
Aug 25 - SLJB announced today that the company is building a Design Depot for higher end products and fixtures to supply the builders and developers in Dubai.
Sep 5 - 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."
Nov 3 - Sulja Bros. Building Supplies Ltd. (Other OTC:SLJB.PK - News) today announced that the Board of Directors has completed the in-house review of their financial audit, and they have set a "date-certain" to release the information. CEO Petar Vucicevich stated today, "We have collectively agreed that on November 15, the audit will be posted for public inspection on www.suljabros.com. We also agreed that we would make every effort to post the document sooner than the 15th (November) if at all possible." Vucicevich further stated, "We understand fully and completely the time issue involved and the necessity for complete accuracy in the audit report.
I would love to continue but I do need to get to other things and you have been very helpful understanding the current situation. DO you know when you might be back on, before your meeting to discuss the PR proof with "AirHog"?
I am sure they will want an update on the retiring of any shares as well as many other quesitons.
I am confident with my list I have presented to you. Now, if the company would just post that list and confirm it, we'd all be on course to a new beginning.
Thx again.
yankee..I am sorry to hear that you and your friends lost so much....I am trying through the efforts of many to turn this around honorably and honestly.
I will do my best shareholder
Petar,
thanks ,
you need to turn this thing around starting tomorrow so more investors won't turn into 100s of revenge seekers !
Just my Honest Opinion .
Good Luck
Petar,
Is it fair to say that the Audited numbers are at least in the ballpark with the pro forma numbers?
Were the proforma numbers even remotely close?
bounce back...I know this is important to all...but really, we are going to wait. In a lot of ways, by my giving dates or approximates has caused us all a whole lot of grief and I will not add to this grief. I vote we all wait and I know that this is hurting a lot of people. I just want the truth to be known and real and not something "I think". I am sorry I can't answer. I made too many mistakes in the past and now I just want to make things right. Good, bad or indifferent, the numbers will be right when they are posted.
Well I'll be going to dinner now.
Wish all of SLJB the best. Hopefully 2007 will give us more things to be grateful for and SLJB will be able to silence all the skeptics (including myself).
Good luck to you Petar, both personally and professionally. I know your shoes aren't the easiest to fill, especially the last few months.
yankee....in this world of pinks I have discovered there are truths and there are frauds. Then there are those who try to convince you to do things to benefit themselves. It's lonely over here and at times we may have taken advice from those we should not have. We are new at this and that is in no way meant to be an excuse. We just don't want this one to be known as a fraud and we are doing everything to try to correct any mistakes we have made. I believe this to be a great company with a great future. We just need to repair the past for the next sort while. We can not change that we can only get on with it and face whatever music is coming our way. We will not let any of you down again.
BTW...I do not in any way blame those who gave us advice. Ultimately the decisions were ours to make.
I have to leave now...need to be in toronto early. Thanks to all who joined in tonight.
God Bless
pnv said...
"We will not let any of you down again."
Can you please do something to prove that the shares are worth more then one little penny ?
Quickly, as it will probably continue downwards real quick to sub-penny.
Thanks and happy Holidays
ALLINONE Knows YOU Petar!
robert.hefner@sympatico.ca
Post on ihub by allinone
10-26-06 # 135549
Petars pissed at the people calling him names
11-09-06 # 151587
Already have Petars number
test
Wow that was some read!! Thank you Petar for the updates. I too think SLJB is a real company an have not to this date sold any shares. If share price comes up to where I can regain my inital investment I probably will sell but will retain a sizeable number for the long term. Hope you can attend meeting with Rick and Paul I know they would want you there.
Petar,
You and Steve are the ones that said SLJB made 16mil in net profit. You guys reported that insiders owned more shares than the A/S has. You guys are the ones that said you were getting 25mil from Wessal....and that never happened. You are the one that said they are buying 25% of the company. You guys are the ones that said SLJB has enough money and didn't see the company diluting in the near future. You guys told us that the company is making 16mil in net profit...if that was true, then why do you all of a sudden say that the company went public to raise money. You guys are the ones that gave a Rosy picture, lied to us, and now you want to put things in a way that makes it sound like you didn't mean to do anything wrong. Get real....you are the one that said over and over the AFs will be released and you also had knowledge of PRs that were false or were incorrect, or failed for some reason but failed to let shareholders know.....even though the company was selling shares.
You have said you are going to do this and that in the BLOG....much like what you said when you were the CEO. What Happened....Market Cap reduced by 80mil plus and you give every excuse known to man. We need results....not excuses. We need the company retiring 50% of the float at current prices. We need for you and Steve to get results...that's it. Why don't you put a bunch of money into SLJB stock and by 10% of the float? Like they say....put your money were your mouth is. If you did that in the past I bet half the lies would have never came from the company.
Just found this new blog about SLJB.
Excuse me for asking, but why would this info from Petar be any more reliable now, than when he was actually CEO...??
Doesn't seem like he delivered any of the things he promised on the SLJB web site blog...!!
I have sent many questions by email thru the SLJB site...
No response of any kind.
Why would he be able to give out accurate info here...??
Thanks.
Petar,
you want to regain Shareholder's trust?Why don't Steve and Sulja's believers or even you BUY some shares?
Why don't you spend some $$ to buy 50-70mil shares if the price is so undervalued as you are impression??
Petar,
I know there hasn't been alot of thanks towards you for trying to better the situation, but I want to extend my gratitude for yesterday's session. Alot of people are skeptical and are emotionally linked to the last few months---which is completely understandable, but at the same time I think the ferocity and volume of attacks have been ridiculous lately.
Anyway, I hope for the best for the company and yourself for 2007 and that you'll continue responding to any questions raised until things are settled.
God Bless
Petar,
Bikerider99 asked you a question I copied and pasted below. Do you have any idea that you and Steve caused hundreds or thousands of people to lose 10's of millions of dollars based on nothing but lies and you come on here and have the nerve to post what you do. In one of your post you put "god Bless".......well you know what??? I hope he makes the saying of "what comes around goes around". I hope the worst for you, steve, family and friends that benefited from what both of you have done. You treat this like a game but both of you have failed to realize how this has impacted thousands of people. I hope you guys end up in jail, your family looses everything and the company gets shut down and every single person that works for you or Steve doesn't have a job. How would you feel knowing all that happened because management within SLJB failed to do their job, lied, and lied.
bikerider99 said...
petar, why don't you run all the me cement deals throught kore or consultech instead of sulja? you broker those so you don't need sulja, plus from what you say you don't own any sulja shares nor are you involved with sulja other than being a consultant. why would you run the deals through sulja and make no money, instead of using kore/consultech and make lotsa money?
pnv said...
bike....would you rather I do that?
Petar,
Do you know how the $12 million that SLJB received by selling its shares was used by the company?
Tell me Petar, how much are you receiving in "consultation" fees and it was authorized by whom?
How much did you receive when you were CEO and that sum was authorized by whom ?
Who selected the Board of Directors ?
Who are the Primary stockholders at this time ?
Why are you now and why have you ALWAYS been the spokeperson for the company ?
Why do you think the perception is that you are a criminal and responsible for the demise of this stock ?
OZON -- Cyclo3pss Corp.
Com ($0.001) (Voting)
Search for Dun & Bradstreet reports on this company.
Address:
4568 S. Highland Dr.
#202
Salt Lake City, UT 84117
USA
Phone: 801-278-9424
Fax: 801-278-9290
Business Description:
he Company ceased operations in June 2002. On July 15, 2002 the Company filed a Form 15-12G suspending its reporting with the Securities and Exchange Commission.
Primary State of Incorporation: Delaware
Country of Incorporation: USA
Officers:
William Stoddard, CEO; Thomas Howells, President
Fiscal Year End: February 28
Edgar Filing Status: Non EDGAR Filer
Outstanding Shares: 40,543,238 as of 2006-02-06
Estimated Market Cap: Not Available
Authorized Shares: 55,000,000 as of 2006-03-20
Current Capital Change:
Dividends:
Company Notes:
Formerly=Inter-Med International, Inc. to 9-90
Formerly=Cyclo3Pss Medical Systems, Inc. until 2-95
Note=7-02 company suspended all operations due to inability to obtain financing. Company notified creditor of inability to pay a loan secured by all the company's assets
Class Notes:
Capital Change=9-8-93 shs decreased by 1 for 5 reverse split.
Transfer Agent:
Interwest Transfer Co., Inc., Salt Lake City, UT 84117
let me get the straight. you are not the CEO of sulja bros anymore. yet, you wake up yesterday, called airys, set up this blog and post hearsay info about a company you ran from .14 down to .015 for 9 hours.
why? i do not believe 1 word from you or the real management team(whoever they are).
1 more simple question. why are you here?
what are you getting out of this blog?
can you comment on who the trustees represent?
Testing
let me get the straight. you are not the CEO of sulja bros anymore. yet, you wake up yesterday, called airys, set up this blog and post hearsay info about a company you ran from .14 down to .015 for 9 hours.
why? i do not believe 1 word from you or the real management team(whoever they are).
December 27, 2006 8:54 AM
marketmann said...
1 more simple question. why are you here?
what are you getting out of this blog?
December 27, 2006 8:55 AM
Thank you for retiring those 75 Mil. shares today.
You're welcome for the assist frenchy.
so..um...what is the plan now?
i guess petar wont be showing up soon.
Link to OSC complaint... http://www.osc.gov.on.ca/
Enforcement/Proceedings/SOA/
soa_20061227_suljabros.jsp
No we'll never find out who Weesaal was.
Maybe the Weesaal was Pee Tard all along?
are you post here? or through airys??
why dont you post youyr statement here?
are you hiding behind airys?
I'll tell you what Black Petar,
I have read most of the garbage you have disseminated and there is absolutely NOTHING you have said or will EVER say that can absolve you from what you have perpetrated.
I cannot and will not listen to your vacuuous explanations. What I can and will tell you is that in the future you MUST look in EVERY direction for threats which may confront you. This should NOT be construed as a threat but it SHOULD be construed as a CAUTION ! You continue to conduct your life normally and it shall be terminated suddenly and violently......and THAT I can almost guarantee !!
Somewhere, sometime, someone who has suffered at your hands will find a way to cause you great harm and of that you can be assured.
If I were you, I would invest in the best legal representation available, spend every cent I obtained illegally and THEN I would find the biggest, meanest bodyguards money could obtain but then I would be fearful of THEM because people can be bought - always. You KNOW that to be a fact !
so who is paying the legal bills? kore or sulja? what about devries' legal defense?
thanks in advance
Petar, will the company institute a share buyback program with the proceeds from the concrete contract announced on 12/11?
UPDATE as per the company...
Investors should not rely on any statements purporting to be by or on behalf of the Company other than those contained in this release or any future press releases issued by the Company.
Posted by: asus
In reply to: None
Date:8/30/2006 2:46:50 AM
Post #of 242461
Interview With Chad Curtis:
Enclosed are nearly all of the questions I was emailed this afternoon, and the answers in BOLD are direct answers from Chad Curtis of Marquee Asset Management.
Can they put more details in the press releases? For example, the Design Depot PR had no details on location of the parcel, date of groundbreaking, estimate of sales, estimated opening date, etc. PRs should read like a business plan summary for the item they are releasing press about. Vague PR's are fuel for bashing and rumormongers.
We’re working on it, a lot of contracts are still open, some are in the closing stage, some are being finalized.
How many employee's they 'SLJB' has worldwide....and then how many are currently employed in the middle east?
In the two locations Sulja and IBP months ago they were known to have well over 40 employees.
What are the specific requirements that Wessel must satisfy before they can purchase shares of SLJB? How far along are they in this process?
Private contract not disclosed to public. Close to the end to start buying in my opinion.
I would like to have additional information about the "pr" saying that SLJB was purchasing a lumber mill, most importantly, when is the closing expected?
The negotiations are on the table – the final contract has not been signed, they are still in talks with the lumber mill company
It has been stated through PRs that Sulja Bros wants to take this stock to the NASDAQ. Please explain what regulations you must follow to achieve that goal and what PPS you must achieve and/or maintain and for what length to enable listing on the NASDAQ?
You must qualify for the OTCBB, become fully reporting, apply for the NASDAQ with a $4 price
In previous PRs, it was stated that there were 300,000,000 shares set aside for a merger with Consultech. There seems to be some confusion as to the actual current corporate structure in relation to the Loftwerks reverse merger or takeover first of all. Please explain.
It was more of a hostile takeover, old management was removed, their shares were purchased. 300M shares are still set aside for Consultech Construction Management Midwest. LFWK was taken over to protect joint venture interests of CCM and Sulja
Second part of the question is, once the Sulja Bros/Consultech merger takes place, where does that place Sulja Bros? As SLJB or a new stock symbol?
To be determined and large shareholders (Wessal wants 25%) will be brought to the table also
What is the status of the planned merger with Consultech's Midwest Division?
To be determined
What happened to all the properties that were a part of Loftwerk's portfolio. Does Sulja own them?
Sulja owns them, and they’re still up for sale. And some of the projects will continue to be worked on
How many shares if any does Dennis Ammerman currently own?
Zero
Who controls the insider shares held by company officers (by name)?
Management and board of directors
Why haven't we seen a closing signing agreement PR’d regarding the EMAAR contract?
Marquee Asset Management hasn’t been updated on this at this time
Where can we go and verify the financial background of Consultech and Vista?
Germany. They’re not part of Sulja, they’re still private companies. We don’t have information outside of SLJB
What assets if any does Vista and Consultech own?
Not sure, but is known to be a lot
When will we see the Canadian government audited as outlined in the financial report?
The Canadian government goes a separate route than the auditors, so we’re not sure
When will we see SEC paperwork to make this company fully reporting?
To be determined
Why haven't we issued a dividend? Will we issue a dividend?
No comment
What is the status of building the truss manufacturing facilities?
Marquee Asset Management hasn’t been updated on this at this time
What is the status of building the New Orleans condominium complex as outlined in past PR's?
More than likely they’re going to be doing more than
300 houses. They’ve been working with state, local, and federal agencies
The Middle East entities PR'd by SLJB are companies that are unidentified in any publicly-available database. "Wessal International" cannot be located as an “internationally renowned company" as stated in the PR's. There are companies with "Red Sea" in the name, but none owned by Wessal. (For example, Red Sea Housing is owned (51%) by Dabbagh Group, not Wessal.) Similar questions arise for other entities mentioned in SLJB PR's. There was no independent confirmation from Emaar about a contract with Consultech or SLJB.
Because you can’t find it doesn’t mean it doesn’t exist
"We have contracts closed with conditional status, and some in the final stages of negotiations. We will release the details of our contracts in the near future. We will include final revenue with estimated net profits for each contract. We want to remain focused on the terms and conditions of each contract to make sure each party is pleased with the result. After the conclusion, we will release information that shareholders can easily verify."
The sentence at the end does not state what conclusion is being referred to. After the conclusion of the contract signing? After the term of the contract concludes? And the sentence does not state what kind of information will be released that can easily be verified. Will information be released so that shareholders can identify the parties involved in the contract? Will the other party involved in the contract independently release a PR about the deal? Finally, there is no sense from that paragraph as to a general time-frame for shareholders seeing verifiable information.
After all conditions are closed and the money changes hands per contractual basis
I would like to know if Price Waterhouse Coopers is going to be the firm issuing the audited financials for this past business year.
*****More than likely they have a 50% chance*******
Does Chad have an exact date on which the financials will be made available to the shareholders.
Sometime in September
Ask him if this [MN1] interview is going to be rescheduled?
It was scheduled for Monday, however he mentioned it may get moved.
Why doesn’t either one of the International Building Products phone lines work?
They’re still doing business in Michigan but they’re not headquartered there any more
Are you going on MN1 without hardcore proof of company activities?
Silly question.
If you are going to go on that show without audited #s and or finalized contracts IMO it will be catastrophic to the share price.
Noted.
Will you please ask Chad when will we see something definitive such as signed contracts, not just "in negotiations?" An answer of 'soon' is not acceptable since I have been hearing 'soon' for 6 months now.
Some are closed, some are closed with conditional status, some are being finalized. I spoke with them recently and some of the contracts will be disclosed. Per their new sig-sigma process with their new press release template
Can Chad provide a fairly exacting organization chart listing SLJB, Consultech. Red Sea Group, Emaar and Wessal, acronym SCREW.
No
Who of the original Sulja family are still involved with SLJB and at what levels?
John Sulja, 25%
Steve Sulja, 12.5%
John Sulja Jr. 12.5%
Kathy Sulja 25%
Andy Sulja 12.5%
Sam Sulja 12.5%
Has he met in person with any personnel from these groups? If so who and what were his impressions? If so was he more confident in his holdings before or after the meeting?
I am more confident now than ever
Asus, ask him if he knows where Ammerman's big block of restricted shares ended up.
They were supposedly bought back by company officials
Also ask him if we are correct on the asset transfer to the books in Nevada being the only requirement, which will meet when the audited fins and 10k are released.
First off, they won’t do a 10K until they do a Form-10.
Thanks for allowing others to send questions with you when you meet with Chad today. I would like to know if Chad has any knowledge of upcoming deals that have not been announced, in other words, has he heard that new contracts of any sort are being negotiated that shareholders are unaware of?
Contracts are being negotiated on a 24/7 basis
ASUS, IMO you have provided fair balance in your postings and have managed a fairly neutral board in PBLS. I could not say the same about Chads postings as chiphldr. IMO he has relentlessly pumped several stocks including SLJB. After your meeting with Chad, what are your impressions of him? Do you think he is capable of being objective and providing "clean" unfiltered facts from a firm he would represent?
From ASUS:"THE LIE" Chad Curtis is a very honorable man. His conscience is clear and he is here because he is excited by what is transpiring. Chad Curtis has a good heart and is not out to deceive people, but is sharing the wealth of knowledge in this company due to his excitement of the very rare situation. I believe he is working for free and could easily exit from this stock with great profits, yet persists because of his belief in the company and his energy to share the wealth in it
asus, another liar and pumper that the sec is lookINg at and many shareholders as well !
posted by my friend allinone_tx on rb
hey petar, how's the blog going buddy??
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