the_worm06

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

Monday, February 26, 2007

[SLJB]: Promoter "StockHog" caught making false and misleading statements regarding SLJB relationship with accounting firm KPMG

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http://www.atomicbobs.com/index.php?mode=read&id=151802





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Friday, February 16, 2007

[PLNI]: What will happen when Plasticon finally files a Registration Statement with the SEC regarding the Common/Preferred Exchange Offer?

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Many investors have asked: "What will happen when PLNI files a Registration Statement with the SEC regarding the Common/Preferred Exchange Offer?"

One has to go no further than to review the effect on the stock price of filing an SB-2 Registration Statement by HISC in order to understand what might happen with simlar filings by PLNI.

When PLNI Investor Relations people where asked about what was going on with the"capital restructuring" of PLNI, they pointed to HISC, particularly since Big Apple Consulting, the Investor Relations consultants of PLNI, were also heavily involved with HISC. Many PLNI promoters, such as jmhollen, have promoted HISC substantially.

Here is an example of hyping HISC by rrufff on a jmhollen moderated Silicon Investor message board:

http://www.siliconinvestor.com/readmsg.aspx?msgid=21772364


and

Here you find the promoter rrm_bcnu just now beginning to mention the Big Apple/HISC/PLNI relationship comparisons:

http://www.investorshub.com/boards/read_msg.asp?message_id=17117444



so,

Lets take a look at what happened to the HISC stock price:


1. The HISC Registration Statement was filed on December 5, 2005.

http://www.secinfo.com/d16J9c.zY9.htm


2. The closing stock price of HISC on December 2, 2005, the previous trading day before the SEC filing in paragraph #1 above, was $0.053.

3. The closing stock price of HISC on February 15, 2007, was $0.001.

4. The HISC stock price has dropped 98% during the period since the Registration Statement was filed with the SEC.





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Tuesday, February 13, 2007

[PLNI]: Who took the CASH derived from the revenues resulting from the Bluelinx distribution agreement?

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1. The Plasticon International, Inc. (PLNI) 2005 10-KSB filed with the SEC states that

"In January 2005, the Company obtained certain assets (molds, sales contract, customer base, and patents) from a related party, Promotional Container, Inc. (PCI). PCI is owned by James N. Turek Sr., the Company's president and majority shareholder."

http://snipurl.com/1a10h



2. The same PLNI 2005 10-KSB states that:

the Company's "...building accessories are marketed by the Company's sales force through a distribution agreement with BlueLinx (63 nationwide locations), and PCI."

"After lengthy negotiations, Promotional Containers, Inc. (“PCI”), an affiliate entity, signed a purchase contract and supplier agreement with Georgia Pacific, effective date February 13, 2004. PCI then subcontracted the contractual agreement with Georgia Pacific to Plasticon."

"..the aforementioned agreement between PCI and Georgia Pacific, which had been assumed BlueLinx Holdings, Inc..."

"a renegotiation of the purchase contract began with PCI, resulting in a newly signed agreement on October 17, 2005..."



3. After reviewing Paragraphs 1 & 2 above, one can conclude that the original 2004 distribution contract with Georgia Pacific was with Promotional Containers, Inc. which is owned 100% by PLNI's CEO James N. Turek. This agreement was then subcontracted to PLNI at the time. Since the October 17, 2005 renegotiation of the distribution contract was between Bluelinx and Promotional Containers, Inc., one can also conclude that that the January 2005 assets obtained by PLNI from Promotional Containers, Inc. did not include the Georgia Pacific/Bluelinx distribution contract. It appears therefore that, during 2005 and 2006, Promotional Containers, Inc. was still subcontracting the distribution agreement with Bluelinx to PLNI.



4. The PLNI 2005 1st Quarter 10-QSB filed with the SEC states that:

"As of March 31, 2005 ..., the Company has a due from PCI of $82,370..."

http://snipurl.com/1a11r



5. The same PLNI 2005 1st Quarter 10-QSB discussed in the above Paragraph states that PLNI revenues for the 2005 1st Quarter were $82,370. This amount is the same amount that the 10-QSB stated was owed by Promotional Containers, Inc. to PLNI as of the end of the 2005 1st Quarter.



6. The PLNI 2005 2nd Quarter 10-QSB filed with the SEC states that:

"As of June 30, 2005... the Company has a due from PCI of $135,244..."

http://snipurl.com/1a12l



7. The same PLNI 2005 2nd Quarter 10-QSB discussed in the above Paragraph states that PLNI revenues for the 2005 first six months were $135,244. This amount is the same amount that the 10-QSB stated was owed by Promotional Containers, Inc. to PLNI as of the end of the 2005 2nd Quarter.




8. The PLNI 2005 3rd Quarter 10-QSB filed with the SEC states that:

"As of September 30, 2005... the Company has a due from PCI of $136,965..."

http://snipurl.com/1a12t



9. The same PLNI 2005 3rd Quarter 10-QSB discussed in the above Paragraph states that PLNI revenues for the 2005 first nine months were $136,965. This amount is the same amount that the 10-QSB stated was owed by Promotional Containers, Inc. to PLNI as of the end of the 2005 3rd Quarter.



10. The PLNI 2005 10-KSB filed with the SEC states that:

"The Company has reflected an amount due from PCI of 65,565 as of December 31, 2005"

http://snipurl.com/1a10h



11. The same PLNI 2005 10-KSB discussed in the above Paragraph states that PLNI revenues for the 2005 full year were $65,565. This amount is the same amount that the 10-KSB stated was owed by Promotional Containers, Inc. to PLNI as of the end of the 2005 year.



12. Due to the acquisitions of Pro Mold Inc. and Semco, the PLNI 2006 1st Quarter 10-QSB does not list the revenues resulting from the Bluelinx distribution agreement seperately, but the PLNI 2006 1st Quarter 10-QSB filed with the SEC states that

"As of March 31, 2006, the Company has a due from PCI of $205,109 stemming from sales from the contract acquired in January 2005."

http://snipurl.com/18f7e



13. From reviewing all of the Paragraphs above, it seems that PLNI issued false and misleading statements in press releases and in SEC filings stating that the Bluelinx distritribution agreement contract had been acquired by PLNI from Promotional Containers, Inc., which is 100% owned by PLNI CEO James N. Turek, Sr.

It also appears that PLNI has been including the revenues from the Bluelinx distribution agreement in its financial statements for each of the three quarters in 2005, the year 2005 and the first quarter 2006 filed with the SEC, even though Promotional Containers, Inc. has actually been the entity receiving the Cash from Bluelinx on these revenues and not transferring the cash to PLNI.



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Sunday, February 11, 2007

[SLJB]: Mr. Paul S. Davis ("rrufff") fails to understand the importance of a company's MORALS AND ETHICS

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http://snipurl.com/181y4





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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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Friday, February 09, 2007

[SLJB]: Why did Paul S. Davis (rrufff) remove any reference to his Detroit/Windsor area residence - Headquarters to SLJB?

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Here is a January 1, 2007 version showing that rrufff resides in the same area as the headquarters of Sulja Bros. Building Supplies, Ltd:

http://snipurl.com/19r6j


and now, since it was pointed out, he removed the Detroit/Windsor reference from his Yahoo alias page:

http://profiles.yahoo.com/rrufff


What is rrufff hiding?

He has claimed that he does 16 hour days of research on his stock market investments.

He has claimed that SLJB was one of his biggest holdings in his portfolio.

Yet

He has denied ever meeting former CEO's Dennis Ammerman and Petar Vucicevich or current CEO Steve Sulja, even though he is no further than a 20 minute drive to the SLJB headquarters and even though he has reported extensively on his "phone" conversations with Ammerman and Vucicevich. When asked, he first denied ever talking to Ammerman, then admitted to this knowing full well that he had made several long posted messages about their conversations.

What is wrong with this picture?





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Thursday, February 08, 2007

[SLJB]: The pumping and hyping of Sulja Bros. Building Supplies, Ltd by promoter Mr. Paul S. Davis ("rrufff")

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http://snipurl.com/19pu3




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[SLJB]: Promoter Mr. Paul S. Davis ("rrufff") was selling SLJB stock all along

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http://snipurl.com/19ptj






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[SLJB]: Promoter Mr. Paul S. Davis ("rrufff") caught making material false and misleading statements

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http://snipurl.com/rlr6





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[SLJB]: Promoter Mr. Paul S. Davis ("rrufff") and Convicted Felon Anthony Elgindy

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In the defense of scam company Sulja Bros. Building Supplies, Ltd (SLJB), promoter Paul S. Davis (Paul Davis, "rrufff") has continually attacked individuals on message boards by attempting to link them to convicted felon Anthony Elgindy. Mr. Elgindy founded and served as moderator of a message board titled "Anthony @ Equity Investigations" on the Silicon Investor website.

Below you will find that it is actually rrufff that has been the most frequent poster on Mr. Elgindy's message board, particularly before he was indicted. What was the relationship between rrufff and Mr. Elgindy? Why does rrufff continue to attack anyone that has posted the truth about the scam company SLJB by associating them with Elgindy when it was rrufff that was the most active with Mr. Elgindy in the Anthony @ Equity Investigations message board?


http://snipurl.com/n705





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[SLJB]: Promoter Mr. Paul S. Davis ("rrufff") gives investors a "VERY BIG GREEN FLAG" for Sulja Bros. Building Supplies, Ltd.

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http://snipurl.com/19psz





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Tuesday, February 06, 2007

[SLJB]: Mr. Paul S. Davis ("rrufff") says: "That's why I believe it is NOT a scam"

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It is time to reflect on how the promoter rrufff was defending scam company Sulja Bros. Building Supplies, Ltd. (SLJB) - now that the Ontario Securities Commission is involved in Enforcement Proceedings against SLJB and its former CEO on allegations of securities fraud and stock manipulation and has forced a Cease Trading Order in the Province of Ontario, Canada, as well as the announcement by the company that the SEC has begun investigations on the same allegations:

http://snipurl.com/19jvm






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Saturday, February 03, 2007

[PLNI]: Promoter Rick Matthews (rrm_bcnu) continues to defend PLNI's false and misleading figures in its SEC filings in his disinformation campaign

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See below as promoter rrm_bcnu is falsely stating that investors subscribed to PLNI common shares at the rate of $1.00/common share when the stock price of PLNI was trading in the $0.005/share range during the 2006 first quarter.


http://www.investorshub.com/boards/read_msg.asp?message_id=16757673

Posted by: rrm_bcnu
In reply to: shortsinthesand who wrote msg# 21942

Date:2/3/2007 7:00:56 PM
Post # 21949 of 21951

Look at how uneducated you look here shorts. Read the PART II of the 2006 10-QSB. You will see that the $3.1M subscribed not issued was listed as 3.1M SHARES!





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[PLNI]: Promoter Richard R. Matthews (rrm_bcnu) defends PLNI's false and misleading number of common shares subscribed to in the 2006 1st Qtr 10-Q

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The disinformation campaign by promoter Rick Matthews (rrm_bcnu) continues regarding Plasticon International, Inc. (PLNI).

Take a look at this posted message from Investorshub.com written by rrm_bcnu and how he defends the false and misleading figures that are included for the common shares subscribed, but not issued, in the recently filed PLNI 10-Q for the period ending March 31, 2006:


http://www.investorshub.com/boards/read_msg.asp?message_id=16749835


This is the 10-Q:

http://snipurl.com/PLNI_2006_1_10




details to follow




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Thursday, February 01, 2007

[SLJB]: Prediction by the_worm06 on Sulja Bros. Building Supplies, Ltd.'s cement deal announced December 11, 2006

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the_worm06 Research Department predicts that scam company Sulja Bros. Building Supplies, Ltd. (SLJB) will NEVER close the 25.2 million tonne deal announced on December 11, 2006 in the press release shown below.


Press Release Source: Sulja Bros. Building Supplies, Ltd.


SLJB Announces Success in the Middle East

Monday December 11, 12:01 am ET


WINDSOR, ON--(MARKET WIRE)--Dec 11, 2006 -- Sulja Bros. Building Supplies, Ltd. (Other OTC:SLJB.PK - News) -- An SLJB spokesperson today stated; "We are pleased to announce the successful completion of a cement deal in the Middle Eastern region. We have successfully brokered a deal totaling 25,200,000 tonnes over the span of three years. The buyers have agreed to take delivery of 8,400,000 tonnes per year commencing immediately once the buyer completes their banking documents. These documents should be finalized later this week."

SLJB's lawyer in Lebanon, Fasl Abu Zahr (Lawyer ID Number 9598), has registered all relevant commission agreements with the Seller, the Sellers banking institution, and Government bodies.
CEO Steve Sulja stated, "Sam Sulja has returned from the Middle East after visiting Jordan, Lebanon, and Dubai to finalize this deal. Sam along with other key members of SLJB have been working on this and other similar deals in the region for the past few months. It is nice to see this deal come to a successful final completion considering previous deals we were working on did not finalize." He continued; "Our commission agreement guarantees us $0.90 USD per tonne. Complete details of this deal will be made available to our shareholders once the Buyer's banking documents are released to us. At that time the terms of our mutual NCND agreement will be fulfilled by all parties involved and we will be in a legal position to release the names of all those involved."

CEO Steve Sulja also stated, "During the course of this week, we will be providing our shareholders with updates on this and any other deal that has been completed. We will also provide a detailed explanation of the SLJB corporate structure and other questions sent to us by our shareholders. We will be doing this through our press releases. We are committed to the success of SLJB and will work to regain our shareholders' confidence over the coming weeks."

This may contain forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Forward-looking statements may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions: "may," "could," "should" or "might occur." Such forward-looking statements involve certain risks and uncertainties. The actual result may differ materially from such forward-looking statements. The company makes every effort to update the marketplace relative to SLJB and similar companies in order to keep shareholders apprised of changes and/or new developments in the marketplace. Although the company makes every effort heretofore mentioned, the company cannot be responsible for omitting or failing to cover all aspects of an investor's reliance upon forward-looking statements. We also earnestly suggest that all potential investors contact a qualified investment consultant in the securities industry in order to aid them in making a sound investment decision.



Contact:


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Source: Sulja Bros. Building Supplies, Ltd.





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[PLNI]: The disinformation campaign of Richard R. Matthews (rrm_bcnu) continues - Outstanding common shares vs. the Float

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Pay attention in the posted message from Investorshub.com below as the promoter Rick Matthews (rrm_bcnu) attempts to falsely use the trading volume of scam company PLNI's common shares and hence the "Float" to explain away why the Plasticon International, Inc. (PLNI) outstanding common shares could not have increased from about 4.9 billion to about 10 billion in the matter of about 11 months.

An increase in outstanding common shares does not imply that the float would also increase as the newly issued common shares can be restricted shares that cannot be traded and therefore not part of the Float of the company. rrm_bcnu somehow fails to mention that all that has to be done is for PLNI to issue its CEO Turek another 5.1 billion common shares in order to reach the 10 billion outstanding common share figure. This has nothing to do with the common share trading volume and float analysis posted by rrm_bcnu.

How probable is it that the company now has 10 billion common shares outstanding?

Lets take a look.

CEO James N. Turek, Sr. is also the Chairman, President, Secretary and lone Director of PLNI.

Of the 4.9 billlion common shares outstanding as of March 31, 2006, 4.3 billion shares were issued to CEO Turek, of which 3.1 billion of those shares were issued in the seven months from Sept. 2005 to March 31, 2006.

In addition PLNI has committed to issuing CEO Turek preferred shares that are convertible into 7.3 billion common shares.

So how probable is it?

You decide, but certainly don't decide based on the false and uniformed post of rrm_bcnu below:


http://www.investorshub.com/boards/read_msg.asp?message_id=16682029


Posted by: rrm_bcnu
In reply to: mary777 who wrote msg# 21728 Date:2/1/2007 1:56:37 AM
Post #of 21768

Lets examine the 10B OS you commented upon. This assertion has been made since the beginning of January or before by shorts and others.

On 16 June the company reported the OS at 4,977,740,339 and the Float at 2,804,576,805. Later on 01 October 2006, shortqueeze.com and yahoo.com reported a float of 4,130,000,000. The difference between the float of 16 June and 01 October is 1,325,423,195 shares. Extrapolating that difference, the OS on 01 October could have been 4,977,740,339 + 1,325,423,195 or 6,303,163,534 shares.

Bill Howe indicated in a CFRN interview on 08 August 06 an OS of 6,000,000,000 shares. So the 6,303,163,534 number doesn't seem too far out of whack for a guesstimation on 01 October 2006.

Since 01 October 2006 Plasticon has traded the following volume.

Oct-06 904,470,801
Nov-06 578,388,243
Dec-06 1,027,818,753

Totaling 2,510,677,797 shares.

As a daytrader you know it is very unlikely that all of that volume represents shares sold by Plasticon into the float. In reality some portion of that monthly total represents normal trading flips, tax loss selling of shares previously held, and short covering volume. But for the sake of discussion lets say that the volume does represent 2.5B shares sold into the float. That would yield a float of 8,813,841,331 shares. Over double the float reported on 01 October 2006.

On 01 October 2006 the closing price was .0007

On 01 January 2007 the closing price was .0005

Are you asking us to believe not only that every trade during the fourth quarter was from new dilutive shares sold into the float, but also that one can more that double the float in that dilutive manner to 8.8B shares and see the price decline by only .0002???

Doesn't make sense to me... but until the guessing game is resolved you can make any assertion you desire.

rrm





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