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.
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.
439 comments:
«Oldest ‹Older 201 – 400 of 439 Newer› Newest»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
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?
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.
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?
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