the_worm06

Thoughts, Comments and Research on Publicly Traded Companies and Internet Stock Message Boards

Saturday, February 10, 2007

[SLJB]: Was Promoter Paul S. Davis (rrufff) selling shares of scam company SLJB while at the same time defending the company?

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Here you have rrufff finally admitting that he was selling shares of SLJB all along - to the surprise of the investors that believed in promoter rrufff's bullish feelings on SLJB,

http://snipurl.com/19ptj



And here is a sample of posted messages by promoter rrufff where he got caught defending scam company Sulja Bros. Building Supplies, Ltd. (SLJB):



To: manny t who wrote (428)
9/7/2006 10:22:55 PM
From: rrufff
Read Replies (1) of 437

"...I also liked the fact that they disavowed the fax and email spam and, in particular your post that they will NOT DILUTE, and will have audited statements, etc..."



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Posted by: rrufff
In reply to: bobrainey300 who wrote msg# 67722
Date:9/8/2006 3:25:09 PM
Post #of 67774

Do you have any evidence? You post a very serious accusation without giving other than you are satisfied?

My own theory on many of the fax blasts I'm seeing is that this is now a new tool for shorties. Take a look at the language on many of them.

They are basically a silly one liner that says "great company" and the rest is basically a bash with a disclaimer saying that they are selling a ton of shares.

I saw the same thing on LBWR, of which many follow it here and feel, as I do, that the CEO is very honorable. He disavowed it just as Petar has done here.



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Posted by: rrufff
In reply to: bobrainey300 who wrote msg# 67777
Date:9/8/2006 3:45:00 PM
Post #of 67896

"...There is absolutely no evidence that anyone connected with SLJB is involved with the fax spam...."



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Posted by: rrufff
In reply to: SPIN who wrote msg# 67826
Date:9/8/2006 3:58:50 PM
Post #of 67896

SPIN - I know what was discussed and I know the fax blast I saw. It's a new shortie tool and it's getting mileage on lots of stocks, like this one and LBWR.



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To: yassinzineb who wrote (452)
9/8/2006 10:40:46 PM
From: rrufff
of 454

Given the confusion with the CEO, I thought the stock would tank, but it held nicely, really finishing unchanged, at least until official close.

There's been an increase in bashing and I suspect the hedge funds will have their pro bashers coming up with new theories. They are spending a lot of time on the old fax and email spam, even though the company has specifically disavowed this technique that does not work. Just about everyone recognizes that spam is more likely to cause a stock to fall.

I believe that the shorties are using fax blasts as a tool. It's a great gig. I can't imagine anyone buying from a fax or email blast. Given the reputation of this scamming tool, I imagine that just about everyone has them filtered or manually deletes them.

Yet, several companies have been subjected to them and have disavowed them.

What's even more useful to shortie is that these fax and email spams make it to websites that track these things and shorties can then use that to cite the stock as a scam.

I know of one NASD sanctioned wormie blogging basher who focuses on this. He is stuck with a prediction of .001 and, having been thoroughly embarrassed, now claims to suffer from bloody bowels, inability to sleep, nervous tics, stuttering, and inability to focus attention. The best he can do is focus on old news and the spam.


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To: jmhollen who wrote (430)
9/8/2006 9:25:18 AM
From: rrufff
Read Replies (1) of 451

"...The key to share price IMO is reaffirmation, which apparently this Petar V did, that there would be no dilution and that he is going forward with audited numbers, Form 10 and OTC BB, and that he specifically disavowed any connection with I suspect shortie backed fax and email spam..."




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