the_worm06

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

Friday, April 27, 2007

[SLJB]: The Sulja Bros. Building Supplies, Ltd. fraud summed up by top level scambuster

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http://www.investorshub.com/boards/read_msg.asp?message_id=19170359


Posted by: TheFraudStopper
In reply to: Red butt who wrote msg# 263521
Date:4/26/2007 11:55:40 PM
Post #of 263655

Welcome to Scamtertainment!!

It is unbelievable what some people will believe. If you watch these things long enough you will see it all.

When you look at the history of this company, anyone with even a half-critical mind can see the pervasive pattern of deception and market manipulation that has been present ever since its inception as a publicly traded company.

There is a veritable litany of blatantly untrue and misleading statements and press releases about the audited financials, revenues, Middle East deals . . . . All of these lies perpetrated by this company and/or people involved with it are well documented and easily provable, yet the kool-aide clan seem to have an unending ability to ignore the truth and instead offer up whatever version of revisionist history serves them best as they desperately cling to the hope that their investment is not in jeopardy.

Then there are the disgusting individuals who go even farther and actively become involved in disseminating the falsehoods and misstruths.

This company is a small building supplies operation that was hijacked and used as a front for a stock fraud. The Kool-Aide gang will jump all over anybody who has the temerity to criticize this and point out that their much vaunted leaders have been to the stores a couple of times and have brought back photos to prove its existence. Sadly, the fact is that some of the best stock scams have a veneer of credibility - In fact, that is what makes then effective as stock scams.

The sociopaths who masquerade as promoters and penny stock CEO's love to be able to point out the legitimate business that the company is involved in and use that to extrapolate that, because there is part of the company that is legit, that therefore the whole thing is, including the fantastical claims that many of them make about future deals as part of their efforts to pump-and-dump the stock.

The following quote is very apropos as one looks at these little scamco's. It is by Dr. Robert D. Hare, one of the world's preeminent experts in Psychopathy. In his book: Without Conscience: The Disturbing World of the Psychopaths Among Us he says:

"There is no shortage... of lucrative opportunities that exist for a fast-talking psychopath with a head for numbers and the social skills to move easily in financial circles... If I were unable to study psychopaths in prison, my next choice would be a place like the Vancouver Stock Exchange."




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Thursday, April 26, 2007

[SLJB]: Stock price projection for Sulja Bros. Building Supplies Ltd. by the_worm06

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Stock price projection for SLJB by the_worm06 Research Department

continues at


$0.001




Research was initiated on SLJB/LFWK on July 30, 2006
http://theworm06.blogspot.com/2006/07/lfwksljb-research-initiated-by.html


Initial stock price projection for SLJB of $0.001 was made on July 30, 2006
http://theworm06.blogspot.com/2006/07/lfwksljb-stock-price-prediction-by.html


Closing stock price for SLJB on August 1, 2008 (the first trading day after the_worm06 prediction) = $0.11

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Saturday, April 21, 2007

[SLJB]: How scam companies do it

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1. First, you have the scam company arrange for a visit by two message board posters that have been promoting the stock.

2. The message board posters come back with glowing remarks of the company, including pictures of the company buildings and signs.

3. The message board posters also claim that they have been shown the minute book of the company.

4. The message board posters then begin making false and misleading statements about the company, such as:

---a. all previous press releases about closed cement deals were truthful and correct,

---b. the company has been profitable for 25 consecutive years.

---c. the company has no debt.

---d. the previously issued unaudited historical financial statements of the company were all legitimate.

5. Stockholders and potential investors believe the two promoters that made the false and misleading statements, since, after all, they just came back from visiting the company and this is what the company told them.

6. The stock price of the company climbs significantly.

7. The company fails to issue public statements correcting the fraudulent false and misleading statements made by the two promoters.

8. When questioned by the RCMP/FBI about the fraudulent false and misleading statements made by the two promoters, the company will simply say that they never told the two promoters the particular information and that they don't know anything about it.

9. When questioned by the RCMP/FBI about the fraudulent false and misleading statements, the two promoters will simply say that they might have misunderstood what the company told them.

10. When the details of the fraudulent false and misleading statements come out, the stock price of the company plummets by over 90%. Too late for "believers", but no problem for the people that sold during the "run-up".

11. Voila, how scam companies do it.





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Thursday, April 19, 2007

[SLJB]: Promoter Ricardo J. Fernandez (Airys418) is questioned by seasoned scambuster on his trip to scam company SLJB headquarters

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(also, see comments section below)

http://www.investorshub.com/boards/read_msg.asp?message_id=18926637

Posted by: MrGoodBuddy
In reply to: marketmann who wrote msg# 261004
Date:4/19/2007 10:07:08 AM
Post #of 261283

Of course not marketmann, also interesting that Airys himself said he went over the corporate minute book.

Airys, did you bother to say "hey guys, why was this thingy just formed on Aug 31, 2006"

You go on a fact finding mission and get a copy of a cert. that is issued by SULJA BUILDING SUPPLIES, LTD and you dont even question why it does not say:

SULJA BROS. BUILDING SUPPLIES.

Furthermore, you see a cert. and you KNOW there is an older Ontario corp. and the NV corp of the same name as the reciever of those shares and you dont verify which Sulja Bros. got the cert? Regardless of that, YOU dont even get documentation showing SULJA BROS. BUILDING SUPPLIES, LTD (ONTARIO) is 100% owned by SULJA BROS. BUILDING SUPPLIES, LTD.????

You come back and post info as FACT when the info you looked at either you dont seem to have the aptitude to understand or question?

I think that was binzur's point of wanting to tag along the whole time.

It just seems that you dont investigate or look for the right information or at least question irregularities when you see it.

Why did you NOT come back and tell everyone that the CORPORATE MINUTE BOOK that YOU stated you reviewed SHOWED Vucicivech as an officer? (which should have been a HUGE red flag to you if you remember that he or kore is NOT a part of management at ALL per prior PR)

Yet you continually wonder why people question you or possibly question if you have motives? Your little DD trips are part and parcel of the problem here, it is sad to watch.

You have never answered any serious questions, you just raised more and more and more.




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Monday, April 16, 2007

[SLJB]: What's in a name? - SLJB uses seven different Sulja corporate names in its press releases to identify the same company

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--Sulja Bros. Building Supplies, Ltd

--Sulja Bros. Building Supply, Ltd

--Sulja Bros. Building Materials, Ltd

--Sulja Bros. Construction Supplies, Ltd

--Sulja Brothers Specialty Building Materials, Ltd

--Sulja Bros., Ltd.

--Sulja Building Supplies, Ltd


What is wrong with this picture?





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Friday, April 13, 2007

[SLJB]: Scam company Sulja Bros. Building Supplies, Ltd issues False and Misleading Press Release threatening critics

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the press release is at the bottom

The comments below are from "carmelbeach", a top internet scambuster.


http://ragingbull.quote.com/mboard/boards.cgi?board=SLJB&read=12688


By: carmelbeach
13 Apr 2007, 07:07 PM EDT
Msg. 12688 of 12688
(This msg. is a reply to 12669 by carmelbeach.)
Jump to msg. #

WORST PR or FUNNIEST PR EVER?


The folks on IH are pretty much having a laughfest over this howler, mixed with some disgust from those who hoped for some business substance. This really is a collector's item of ineptitude, jr high 'fight team fight' pep squad bravado, unprofessional tone and even some false or misleading statements.

Some lowlights:

* Sports lingo platitudes in headline

* 'LAS VEGAS, NV' as if PRs reference the major city of the state of incorporation rather than the HQ of the company

* Failure to state the full company name in the first sentence. It appears nowhere but at the very bottom. At least they remembered to include 'Bros.'

* 'a "seek and destroy" mission' - too much gameboy?

* Start right in reminding everyone who is familiar with the company that many bad things are said about them and alerting anyone not familiar with the company that there is a stink about it.

* 'slanderous media campaigns' - remember written form is Libel

* 'A spokesperson' used repeatedly and no named person ever quoted or referenced. Looks suspicious. Who and what are they hiding. Why will no identified person be responsible for the statements?

* Nothing about actual business. I mean NOTHING.

* Claiming success in litigation they have never discussed before and never identifying the case.

* If they are referring to the Kathleen matter, falsely implying they have a judgment and are now already involved in collecting. SLJB isn't even a party to that suit.

* Again misusing 'slanderous' with regard to written material.

* Spokesperson 'joked' about getting revenue they haven't got (prompts the reader to think about all the false revenue claims made in other PRs which at least were about business)

* Uncomfortable switch from righteous indignation in the first paragraph to the spokesman's 'joke' in the second.

* 'non-sense', puhleeeeeese. Junior high again at best. Are there no adults at this company? A decent high school graduate would suffice.

* 'We will bring them all to like terms' - awkward phrasing and again references a supposed victory that probably isn't bagged.

* 'The Company wanted to state its gratitude' More bad phrasing. Why the past tense; is the gratitude over? Should be 'The company would like to express its gratitude' or 'the company is grateful to...'

* 'this difficult time' - remind us again of how bad this sucks and if one didn't know the history he would sure want to find out what that meant and finding out is not good for the company.

* 'SLJB will now move forward and only forward' - reminds us that they haven't been and the 'only forward' is overkill and platitudinous.

* 'toward its original and still noteworthy goals' - reminds us that they haven't been achieving those goals. Yes we note the goals and they were preposterous and promotional and unfulfilled.

* 'goals it set in the beginning of this IPO initiative' - what IPO initiative was that? There was no IPO but if there had been, how about 'goals set at the time of our IPO' (and even then should probably avoid the acronym and use the full words)

* 'We made promises to shareholders and to longstanding business partners. We intend to keep them' - another reminder that so far the promises are broken; so promise again to keep the previously broken promises. How many times did they promise audited financials. This new vow won't impress anyone, in fact adds insult to injury. It's hollow.

* 'and no one or no group will deter us from this ever.' How resolute and manly but the 'bashers' never stopped them fulfilling their promises and never will. Is anyone fooled? Does anyone think 'bashers' killed the audit or the Dubai hotel? Oh, let's remember the claim that too many phone calls supposedly killed the cement deal with Ramada. Guffaw - the absurd number of phone calls supposedly received in an hour, hundreds, which never happened. I've got a lengthy post that dissected that fable.

SO SLJB - IF YOU GOT AIRYS TO WRITE THIS TWADDLE FOR YOU
and have made or are considering making him your regular IR
THINK AGAIN.

THIS IS AN AWFUL PR AND PEOPLE ARE LAUGHING AT YOU

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SLJB Takes Offensive Position: States Forward Momentum Toward Original Business Goals

LAS VEGAS, NV, Apr 13, 2007 (MARKET WIRE via COMTEX) -- SLJB (PINKSHEETS: SLJB) today announced that it began a "seek and destroy" mission on all individuals and/or the organizations they either directly or indirectly represent tied to slanderous media campaigns and internet blog-site defamations. A spokesperson for the company said today the SLJB has had its first success in dealing with one of these scandalous persons and are now in the position of collecting damages tied to the outcome of the legal proceedings which followed the identification of the guilty party through the discovery of their IP (internet protocol) address that they utilized to post their unsupported and slanderous attacks on both business and personal issues involving the company.

"We can almost consider this a new source of revenue for our company," the spokesperson joked. "There are a lot of people on the hook for this non-sense, and we know who they are. We also know the platforms from where they attack our people and our organization. We will bring them all to like terms," the spokesperson continued.

The Company wanted to state its gratitude to its shareholders through this difficult time for their patience and understanding. SLJB will now move forward and only forward toward its original and still noteworthy goals it set in the beginning of this IPO initiative.

We made promises to shareholders and to longstanding business partners. We intend to keep them, and no one or no group will deter us from this ever.

Except for the historical information herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. When used in this press release, the words: believes, intends, anticipates, expects, predicts and similar expressions are intended to identify forward-looking statements. Actual results could differ materially from those expressed in, or implied by, the forward-looking statements based on a number of factors, including, but not limited to, costs, risks and effects of the on-going review by the Company, including the impact on the Company's ability to provide timely information as to the Company's business, operating results and financial condition; costs, risks and effects on the Company's business and the trading of its stock of legal proceedings and investigations, including the enforcement proceeding commenced by the OSC and the inquiry being conducted by the SEC; and the impact of the OSC order that trading in the Company's securities cease. Except as expressly required by the securities laws, the Company undertakes no obligation to update such factors or to publicly announce the results of any of the forward-looking statements contained herein to reflect future events, developments, or changed circumstances, or for any other reason.

SOURCE: Sulja Bros. Building Supplies, Ltd.

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Friday, April 06, 2007

[SLJB]: Material false and misleading statements regarding SLJB by promoter 'scorpio70' - AN INDEX

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[SLJB]: Promoter "scorpio70" makes false and misleading statements regarding his ownership of SLJB stock
http://theworm06.blogspot.com/2007/04/sljb-promoter-scorpio70-makes-false-and.html



[SLJB]: Promoter scorpio70 makes material false and misleading statements about SLJB in an attempt to pump the stock - profitability and no debt
http://theworm06.blogspot.com/2007/04/sljb-promoter-scorpio70-makes-material.html



[SLJB]: False and misleading statements by promoter scorpio70 - "The company stands by their PR's"
http://theworm06.blogspot.com/2007/04/sljb-false-and-misleading-statements-by.html



[SLJB]: Promoter scorpio70 FALSELY claims that the trading in the 5 nominee accounts alleged by the OSC to have violated securities laws was LEGAL
http://theworm06.blogspot.com/2007/04/sljb-promoter-scorpio70-falsely-claims.html



[SLJB]: Promoter scorpio70 caught making false and misleading statements about the signing of engagement letter by accountant Spiegal
http://theworm06.blogspot.com/2007/04/sljb-promoter-scorpio70-caught-making.html



[SLJB]: Promoter scorpio70 makes false and misleading statements on the profitability of SLJB
http://theworm06.blogspot.com/2007/04/sljb-promoter-scorpio70-makes-false-and_06.html



[SLJB]: Promoter scorpio falsely claims that the fraudulent unaudited financial statements issued by SLJB were legitimate
http://theworm06.blogspot.com/2007/04/sljb-promoter-scorpio-falsely-claims.html






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[SLJB]: Promoter scorpio falsely claims that the fraudulent unaudited financial statements issued by SLJB were legitimate

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from the Airys418/Stockhog message board for March 29, 2007


scorpio70
Global Terminator
member is offline
Joined: Jan 2007
Posts: 1,366
Re: Sulja Bros. Building Supplies
« Reply #3593 on Yesterday at 10:39pm »

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Yesterday at 10:36pm, fishingforbucks1 wrote: if the books were never cooked, then are we back to being rich and this whole OSC thing will blow over? What the hell is really going on. Are all those old numbers somewhat legit? If so, then its instant Nasdaq, right? I must be missing something. Someone enlighten me please.



The old numbers were always legit.

The pro forma numbers were misstated...

shabiznets is the operative word now





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from the Airys418/Stockhog message board for March 30, 2007


scorpio70
Global Terminator
member is offline
Joined: Jan 2007
Posts: 1,388
Re: Sulja Bros. Building Supplies
« Reply #3695 on Today at 12:28pm »

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lol..'caught'?????? Can this clown be any more anal retentive and criminal at the same time?????

I'll state it again! Sheeeeeesh!

The old numbers are legit...They've always been legit...only numbers that were ever off were the pro forma numbers...and even then they'd have been spectacular.

Mr. Vucicevich held off from publishing what he had at the time because the damage had been already done with the price raid. What was the point in wasting their ammo when they still were in need of being Sarbanes-Oxley compliant. A daunting task that few penny companies will ever in their lives produce.

Filing and an uplist will brings eyes and serious long term money that doesn't flip and need to pay next months rent. It'll be a whole new ballgame that will produce real value. And real value in a heartbeat.

The shorting crew will also be gone in a heartbeat, looking for their next stock to prey on.

« Last Edit: Today at 2:00pm by scorpio70 » Link to Post - Back to Top






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[SLJB]: Promoter scorpio70 makes false and misleading statements on the profitability of SLJB

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scorpio70
Global Terminator
member is online
Joined: Jan 2007
Posts: 1,404
Re: Sulja Bros. Building Supplies
« Reply #3808 on Today at 3:17pm »

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I've noticed that this weekend has shown us every goofy thought imaginable. Seems somebody has some issues with the PR coming this Monday.

Few thoughts...

1. Close your eyes and imagine the worth of a company that has about 60 employees on the payroll.

2. One that is capable, creative and imaginative. One that professes the ability to broker deals overseas. One that by historical record, before ever going public, has had an unblemished record of solid profit and incredibly positive support within their communities. I see no criminal records. No judgments. No wrongdoing.

3. Picture in your minds eyes this same company with 725 million A/S..bout 600 O/S....(580 O/S when you factor in the righteous indignation of one arachnid)

4. Visualize hundreds of professionals posting throughout the internet every imaginable negative speculation all on this stock they profess no ownership in, yet having a singularly strange need to write about to strangers, all the while claiming no compensation for doing so. Talk about bizarre-o-rama.

5. Ask yourself what the current price is. Then ask yourself what it is that you do invest in. What is it that you dream about when taking a position in a stock?

This is a pink sheet stock. When a company has made some errors and low volume ensues, market makers can call the price anything they'd like.

This weekend on the eve of that which we all demand from our stock of choice the price is .0085. If this company is now poised to understand the need for getting it right starting tomorrow, there are going to be some saddened investors.

Namely, the ones who let their fears rule their dreams.

Long and strong 20 million shares to the Nasdaq!

« Last Edit: Today at 3:26pm by scorpio70 »






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[SLJB]: Promoter scorpio70 caught making false and misleading statements about the signing of engagement letter by accountant Spiegal

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http://theworm06.blogspot.com/2007/03/sljb-promoter-scorpio70-claims-to-have.html







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[SLJB]: Promoter scorpio70 FALSELY claims that the trading in the 5 nominee accounts alleged by the OSC to have violated securities laws was LEGAL

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http://snipurl.com/scorpio_tradinglegal






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[SLJB]: False and misleading statements by promoter scorpio70 - "The company stands by their PR's"

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scorpio70
Global Terminator

Re: Sulja Bros. Building Supplies
« Reply #5321 on Today at 2:59pm »

The OSC and the SEC can start using their time productively to start throwing a net over the only criminals involved over on I -HUB.

It's beyond inexscuable to leave two paid bashers and an administrator keeping the investment pubic clueless, with the SLJB I-BOX devoid of information.

Absolutely criminal. The company stands by their PR's. Let anybody perform their due diligence offa those, as to what they can choose to do with their money.

There isn't a stock on the top fifty there, that has anything as obvious as to the effort to defraud SLJB's investors.

Please show me a stock on the top fifty without any information like this. There's not one!

Allowing the naked short community to oversee this stock is a travesty knowing no precedent. It's flagrant obviousness will be their own undoing. Their criminal greed has operated with impunity for far too long.

I say there's no way in hell this will stand.

I say there's no way in hell any of us will tolerate this.

The individuals involved on I HUB are criminals. Let them dig their holes deeper. I welcome the delay, if for no other reason than to see them screw themselves so transparently with their historical record of criminal collusion.






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[SLJB]: Promoter scorpio70 makes material false and misleading statements about SLJB in an attempt to pump the stock - profitability and no debt

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http://snipurl.com/scorpio_prof_nodebt






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[SLJB]: Promoter "scorpio70" makes false and misleading statements regarding his ownership of SLJB stock

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Promoter "scorpio70" has been pumping and hyping Sulja Bros. Building Supplies, Ltd. (SLJB) by periodically making bullish statements that he has purchased millions of shares of SLJB common stock, increasing his ownership from 2.8 million to 7.8 million to 9 .8 million to 11 million to 15 million then to 20 million - and urging all investors to do the same.

It now appears that the scorpio70 pump and hype statements about his purchase of SLJB shares have been false and misleading.

The link below shows how he got caught posting an ownership of 11 million SLJB common shares when he had already been posting an ownership of 20 milion shares, yet he claims that he has not sold any shares. When the 11 million figure was brought up by the_worm06, scorpio70 falsely stated that the_worm06 had lied, then edited the figure from 11 million back up to 20 million hours later.


http://snipurl.com/scorpio_11_20million





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[SLJB]: Who is "scorpio70" and what is his relationship with former SLJB CEO Mr. Petar Vucicevich ("Petar Wolfe")?

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http://snipurl.com/scorpio_vucicevich






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Wednesday, April 04, 2007

[PLNI]: The backdating and falsification of the signature date of a legal document in the 8-K filed with the SEC by Plasticon International, Inc.

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http://snipurl.com/ui5f






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