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

Friday, June 20, 2008

[SLJB]: from famed investigative journalist Gary Rennie of the Windsor Star - "Sulja probe leads to new allegations "


Sulja probe leads to new allegations

Gary Rennie, Windsor Star

Published: Friday, June 20, 2008

HARROW - After an 18-month investigation, the Ontario Securities Commission announced new allegations Thursday and said more individuals were involved in a local "pump and dump" stock scheme that netted at least $10.4 million. The OSC is seeking to recover the money, as well as levy fines of up to $1 million against the individuals involved and ban them from acting as officers of public companies in the future. A parallel RCMP Integrated Market Enforcement Team investigation against Sulja Bros. Building Supplies Ltd. is continuing.

Windsor lawyer Dan Scott, who represents three of the defendants, including Petar Vucicevich of Colchester, said Thursday he's expecting a trial to start soon.

"Petar is very anxious to start dealing with this," Scott said.
Scott said the RCMP has been in touch with him, but he doesn't know where that investigation is heading.

RCMP Sgt. Marc LaPorte of Toronto said the force doesn't comment on investigations.

An OSC hearing is scheduled for Monday in Toronto, but Scott expects it to be adjourned.

The OSC allegations name Sulja Bros., Vucicevich, who was a former CEO of the company, and a Windsor-based company called Kore International Management Inc., which was run by Vucicevich.

The OSC also alleges a U.S.-based Kore company with ties to Texas resident Andrew DeVries had a role in what it described as a "pump and dump scheme."

Throughout 2006, the OSC alleges numerous false news releases touting deals worth hundreds of millions of dollars were issued on behalf of Sulja Bros., which trades in electronic penny stock markets as SLJB.

At the same time, the OSC says the stock was being sold to investors around the world using brokerage accounts in the names of Kore employees.

The OSC says Vucicevich's Kore company got $3 million from stock sales in 2006, plus an additional US$2.7 million and then $4.7 million from the U.S. Kore company during the end of 2006 and early 2007.

Thursday's allegations add as defendants Steve Sulja, his brother Sam and Kore employees Tracey Banumas of Harrow and Pranab Shah of Windsor.

In an interview last September, Steve Sulja said his family's Harrow lumberyard sold its accounts receivable and payable, but not land or buildings, to Vucicevich in what he called a "handshake deal."

He said family members only got a fraction of what they were promised by Vucicevich.

Sulja, who also became CEO of the Nevada-incorporated Sulja company, said he was duped into believing big overseas deals were being pulled off by Vucicevich.

The lumberyard, a 20-year business started up by his father John Sulja, closed in mid-2007.

The OSC says the history of the stock scheme traces back to a Nevada-incorporated company named Loftworks, which was renovating a Detroit building in 2005 for condominium sales. Loftworks, which was trading at the time in the penny stock markets, changed its name to Loftwerks and finally to Sulja Bros. Building Supplies on July 21, 2006.


Investors were led to believe in press releases and on Internet message boards that the Nevada company had some connection to the Sulja family business in Ontario as well as other companies run by Vucicevich.

The Loftwerks building project in Detroit was never completed. A U.S. company, Progressive Mortgage Inc., still has a $1.3-million judgment in Wayne County, Mich., against Loftwerks and its CEO Dennis Ammerman, and a separate $1.75-million judgment against Ammerman's former wife.

Progressive's John Chandler said the judgments haven't been paid. He's still looking for Ammerman, but Ammerman's ex-wife, who still lives in Michigan, filed for bankruptcy.

Outside of Ontario and Alberta, which both have trading bans, SLJB stock can still be purchased for about a tenth of a cent a share. That's far from its peak price of just over 21 cents a share in 2006.

Although the company's history has been well publicized, some posters on stock message boards still believe fabulous deals are being kept secret until the OSC issues a long-awaited apology.

© The Windsor Star 2008


Thursday, June 19, 2008

[SLJB]: The Ontario Securities Commission adds new fraud allegations and Defendants to case against Sulja Bros. Building Supplies, Ltd. and others

Added as new Defendants are SLJB CEO Steven Sulja, Kore employees Tracy Banumas and Pranab Shah, and Sam Sulja, a relative of Steven Sulja.

Here are the new and more detailed allegations and a more detailed description of the events that led to these frauds:


Here is the notice of hearing for June 23, 2008, which includes the list of orders that might result out of the allegations:



Wednesday, June 18, 2008

[LBWR]: New moderator added to Labwire, Inc. Investorshub message board

"airdale1" has been added:

Moderator: Creede Bighorns Assistants: airdale1, rrufff, inspro, milo3
Boardmarks: 130
Created: 2/22/2006 12:09:57 AM


[PHGI/PRGL]: Scam Company Perihelion Global, Inc. CEO threatens message board poster with lawsuit

The threat was again done using the private message system of the Investorshub message board

The CEO continues to head in the wrong direction.


Monday, June 16, 2008

[PHGI/PRGL]: Scam Company Perihelion Global, Inc. announces massive reverse split - effective the next day

It is no surprise that the CEO of scam company Perihelion Global, Inc. decided to issue the press release after the close of trading on the night before the effective date of the 1-530 reverse split.

Press Release Source: Perihelion Global

Perihelion Global Announces Corporate Update

Monday June 16, 5:22 pm ET

SANTA ROSA BEACH, FL--(MARKET WIRE)--Jun 16, 2008 -- Perihelion Global (Other OTC:PHGI.PK - News) today announced that the company has enacted a corporate restructure effective at the market open on June 17, 2008.

On June 17, 2008 Perihelion Global will affect a reverse split of all the Company's Common Shares and Series B & C Preferred Shares. The ratio for Common Shares and Series C Preferred is as follows:

-- The Reverse Split of all Common Shares of Perihelion Global will be
This is a mandatory exchange and the certificate in your possession
or shares held at your broker dealer must be exchanged within 30 days of
this notice: July 18, 2008. Shares that are not presented for exchange
within this time frame will be declared null and void.

-- The reserve split of the Preferred Series C Shares will be 30:1. This
is a mandatory exchange and the certificate in your possession or shares
held at your broker dealer must be exchanged within 30 days of this notice:
July 18, 2008. Shares that are not presented for exchange within this time
frame will be declared null and void.

All other existing previous provisions of the Series B Preferred Share Class, including existing voting rights and the Series C Preferred Share Class conversion will remain unchanged.

If you are a shareholder of record holding a paper certificate a letter has been mailed to you informing you of this corporate action at the address our Transfer Agent has on file.

All shares will be required to be payable upon surrender to the company's Transfer Agent, regardless of the class of stock. The company has also been re-incorporated in the State of Nevada effective this date. After the reverse split and share surrender all shares will no longer bear the State of Delaware Incorporation designation but will hereafter bear the State of Nevada Incorporation designation.

The company's CUSIP number has also been changed and will be reflected on all new shares. The Company has also been assigned a new trading symbol (PRGL) effective June 17, 2008.

IMPORTANT NOTICE: All shares, regardless of the class of stock must be surrendered directly to the company's Stock Transfer Agent, Transfer Online, not the company. If you have shares held on deposit with a licensed broker dealer, then your broker dealer is responsible to surrender the shares to Transfer Online on your behalf by July 18, 2008. Please contact your broker dealer directly with any questions.

For shareholders of record, Transfer Online's mailing address is:

Transfer Online, Inc.™
317 SW Alder Street, 2nd Floor
Portland, OR 97204
Phone: 503.227.2950

Please be advised that Transfer Online charges a $20 fee for the surrender and issuance of each new share certificate. Please include this fee Payable to Transfer Online, Inc. when you surrender your share certificate. Failure to pay Transfer Online, Inc. may result in your shares not being reissued.

About Perihelion Global:

Perihelion Global focuses on the acquisition, development of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets.


Perihelion Investor Relations

Source: Perihelion Global


[PHGI/PRGL]: Scam company Perihelion Global, Inc. --- 1 to 530 Reverse Split effective June 17th

Stock symbol changed to PRGL

Typical of scam companies, the Reverse Split has yet to be announced or mentioned by PHGI and its CEO, even though the ex-dividend date is tomorrow, June 17, 2008.

PHGI - Perihelion Global, Inc. Common Stock

Declaration Date:

-- Ex Date:


Record Date:

-- Payment Date:

Dividend Type:

Reverse Split

Dividend Amount:

1-530 R/S


New symbol: PRGL


Tuesday, June 03, 2008

[PHGI]: Who is "Juanly" and what is her relationship with certain officers/directors of Perihelion Global, Inc.

First read this:

then read this:

You decide.........