[SLJB]: Mr. Paul S. Davis ("rrufff") gives investors a "VERY BIG GREEN FLAG" for Sulja Bros. Building Supplies, Ltd.
.
.
A "VERY BIG GREEN FLAG"?
According to the promoter "rrufff", a correction of a 50 million common share "clerical error" by SLJB is a sign of a very big "Green Flag" for the prospects of SLJB.
Is that so?
A little history:
SLJB, without advanced warning to anyone, on Sept. 14, 2006, increased its authorized common shares from 800 million to 850 million.
When caught and approached with this, the official investor relations firm for SLJB, Marquee Asset Management, stated that the 50 million share increase was a "mistake" and that it would be corrected immediately the next morning, Sept. 15th.
The "mistake" was not corrected the next morning.
The "mistake" was not corrected the morning after, or the day after that, or the next day, or the next day....etc etc.
Finally, the company issued a press release on September 21, 2006 saying that, in fact, the increase was a "clerical error" and will be corrected.
http://biz.yahoo.com/iw/060921/0165584.html
Five days later, on Sept. 26, 2006, the 50 million common share "clerical error" was finally corrected, 12 days after it was initially committed and 11 days after the Official Investor Relations representative of SLJB said it would be done.
So now SLJB is back to 800 million common shares authorized.
and
This is not the first time.
Previously SLJB had increased its authorized common shares from 500 million to ONE BILLION, again without warning the public before the increase or soon after. Only when approached by stockholders of the massive increase did the company acknowledge the increase.
Then
Something strange happened - SLJB again claimed that the ONE BILLION authorized share number was a mistake...that it really should be 800 million common shares authorized...it promptly decreased the authorized shares from ONE BILLION to 800 million. The net result was that the company increased its authorized common shares by 60% from 500 million to 800 million.
So, in view of the previous "mistakes" in the authorized common shares of the company, how can someone say that this 50 million "clerical error" correction can be considered a "VERY BIG GREEN FLAG" for SLJB as the promoter "rrufff" states below in his posted message. It seems, if anything, this is a sign of extremely bad management, which is odd considering the company claims that it had a whopping actual pre-tax income of $26 million on $63 million in revenues for the 12 months ending May 31, 2006 and expects $93 million in pre-tax income for the 12 months thereafter.
here is rrufff's posted message:
Posted by: rrufff
In reply to: offshore_bore
who wrote msg# 99141
Date:9/27/2006 2:50:38 AM
Post #of 99181
What exactly are you trying to say? There is no evidence whatsoever that SLJB is a shell.
You have yet to show any evidence of that.
The company has said they will file Form 10 for OTC BB. If they follow through, they will comply with the code and regs.
That's a truism. You can't disagree with that.
It seems that the only issue you legitimately raise is the timing. Again, none of us knows how it will play out. For you to claim you know how it will play out (or that it won't ever happen) is again manipulative posting, which seems to be your style.
None of us knows, just as none of us knows if or when the audited financials will come out.
None of us knew for sure that the company would correct its claimed error and ACTUALLY REDUCE the AUTHORIZED SHARES. Yet, they did it and created a
VERY BIG
GREEN FLAG
_______________________________________________
.
A "VERY BIG GREEN FLAG"?
According to the promoter "rrufff", a correction of a 50 million common share "clerical error" by SLJB is a sign of a very big "Green Flag" for the prospects of SLJB.
Is that so?
A little history:
SLJB, without advanced warning to anyone, on Sept. 14, 2006, increased its authorized common shares from 800 million to 850 million.
When caught and approached with this, the official investor relations firm for SLJB, Marquee Asset Management, stated that the 50 million share increase was a "mistake" and that it would be corrected immediately the next morning, Sept. 15th.
The "mistake" was not corrected the next morning.
The "mistake" was not corrected the morning after, or the day after that, or the next day, or the next day....etc etc.
Finally, the company issued a press release on September 21, 2006 saying that, in fact, the increase was a "clerical error" and will be corrected.
http://biz.yahoo.com/iw/060921/0165584.html
Five days later, on Sept. 26, 2006, the 50 million common share "clerical error" was finally corrected, 12 days after it was initially committed and 11 days after the Official Investor Relations representative of SLJB said it would be done.
So now SLJB is back to 800 million common shares authorized.
and
This is not the first time.
Previously SLJB had increased its authorized common shares from 500 million to ONE BILLION, again without warning the public before the increase or soon after. Only when approached by stockholders of the massive increase did the company acknowledge the increase.
Then
Something strange happened - SLJB again claimed that the ONE BILLION authorized share number was a mistake...that it really should be 800 million common shares authorized...it promptly decreased the authorized shares from ONE BILLION to 800 million. The net result was that the company increased its authorized common shares by 60% from 500 million to 800 million.
So, in view of the previous "mistakes" in the authorized common shares of the company, how can someone say that this 50 million "clerical error" correction can be considered a "VERY BIG GREEN FLAG" for SLJB as the promoter "rrufff" states below in his posted message. It seems, if anything, this is a sign of extremely bad management, which is odd considering the company claims that it had a whopping actual pre-tax income of $26 million on $63 million in revenues for the 12 months ending May 31, 2006 and expects $93 million in pre-tax income for the 12 months thereafter.
here is rrufff's posted message:
Posted by: rrufff
In reply to: offshore_bore
who wrote msg# 99141
Date:9/27/2006 2:50:38 AM
Post #of 99181
What exactly are you trying to say? There is no evidence whatsoever that SLJB is a shell.
You have yet to show any evidence of that.
The company has said they will file Form 10 for OTC BB. If they follow through, they will comply with the code and regs.
That's a truism. You can't disagree with that.
It seems that the only issue you legitimately raise is the timing. Again, none of us knows how it will play out. For you to claim you know how it will play out (or that it won't ever happen) is again manipulative posting, which seems to be your style.
None of us knows, just as none of us knows if or when the audited financials will come out.
None of us knew for sure that the company would correct its claimed error and ACTUALLY REDUCE the AUTHORIZED SHARES. Yet, they did it and created a
VERY BIG
GREEN FLAG
_______________________________________________
posted by the_worm06 | 12/03/2006 03:19:00 AM
3 Comments:
This is excellent DD on the part of the writer, and should be sent to the Ontario authorities, if justice is to prevail. It would not suprise me if all of this collusion comes from the same types of birds of a feather. Keep up the good work WORM06. Dan
thanks Dan
there are many more reports that are going to be published regarding rrufff's SLJB/LFWK promotional activities and his relationship with SLJB/LFWK and the scamsters involved in this massive fraud.
and don't worry about forwarding this information to the proper authorities. That is a given.
regards,
the_worm06
I am very happy to see someone standing up to this rrufff!!!
At IHUB he attacks anyone he chooses and IHUB boots those who fight back! rrufff even went as far as to attack a disabled poster and nothing was done? He is a MB terrorist who attacks all DD that goes against any stock he is promoting!
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