[SLJB] Company admits to issuing false and misleading press release on closed $350 million revenue per year cement contract

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What happened?

It turns out that those $350 million in revenues per year in cement for SLJB never really existed.

In a continued sign of the massive fraud being commited by scam company Sulja Bros. Building Supplies, Ltd (SLJB), the company today issued a press release stating that it has now admitted that the $350 million revenue per year cement contract that it stated was formally closed in a press release issued 2 months ago was false and misleading and that it never really did close.

Why did SLJB wait two months to announce that the press release was false and misleading?

How many SLJB common shares were sold in the market by SLJB management, directors, insiders and affiliates between the fraudulent press release and its retraction two months later?

the_worm06 had previously commented in this blog about the validity of the cement contract press release, stating:

"Could it be that SLJB never closed the $350 million per year cement transaction that was announced as "closed" in a press release only about 1 1/2 months ago?"

http://theworm06.blogspot.com/2006/10/sljb-350-million-per-year-cement.html




Here is today's SLJB press release:

SLJB Issues Correction for Unintentional Mis-Statement: September 05, 2006 Press Release Retracted
http://www.marketwire.com/mw/release_html_b1?release_id=191379





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