smcj3
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Post by smcj3 on Sept 18, 2006 15:48:49 GMT -5
Sulja Bros. Building Supplies Ltd. Announces a Delay in the CEO Statement to Be Posted Today By Market Wire Last Update: 9/18/2006 3:21:53 PM Data provided by WINDSOR, ON, Sep 18, 2006 (MARKET WIRE via COMTEX) -- Sulja Bros. Building Supplies Ltd. (PINKSHEETS: SLJB). A new CEO statement was to be updated on www.suljabros.com this morning; unfortunately due to unforeseeable circumstances, CEO Petar Vucicevich's statement will be delayed, until later on this evening. This contains 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 does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized. SOURCE: Sulja Bros. Building Supplies Ltd.
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rmeek1
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Iron sharpens iron...so one person sharpens another Proverbs 27:17
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Post by rmeek1 on Sept 19, 2006 12:31:09 GMT -5
Go to www.suljabros.com and click on the CEO's message to find out what the fly is in the ointment. Don't give up hope. Terry
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rmeek1
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Iron sharpens iron...so one person sharpens another Proverbs 27:17
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Post by rmeek1 on Sept 19, 2006 23:49:25 GMT -5
Here is some information pulled off of IHUB by two investors who called CHAD at Marqee Asset Management, the IR for SLJB. FWIW
Conversations with Chad the IR guy for SLJB:
Posted by: Stock H.O.G. In reply to: None Date:9/19/2006 3:21:10 PM Post #of 83336
Marquee Interview w/Chad:
1)Will the audit really be out by Friday?
Yes and could be Thursday, if all goes well. There are several locations involved (U.S., Canada, UAE, Egypt), so it’s a little more complicated than most think.
2)Are we really using KPMG & PWC?
One of the two will be signing off on the audit. Based on the vibes I got, it’s KPMG, which was verified by someone on the board already.
3)What’s the deal with 50M extra shares in the A/S?
This is a mistake and is still being worked on. 100% guarantee its still 800M. It was caused by someone requesting 50M certs. The transfer agent messed up. Should be fixed on the Nevada site soon.
4)Why is Petar leaving?
Petar is the man who’s landing us huge deals. For example, the deal he landed with the Liberian government. He will be staying on and continuing to get us deals. We need a top-notch CEO who can lead a public company. There was a mention of a Home Depot executive, as a possibility.
5)Why did Petar release his last statement prior to the audit? Petar is trying to be up front and honest with the shareholders, regardless of the timing. He’s not trying to be a pumper-CEO.
6)When will the 1Q results be completed?
Not sure.
7)Is the OTCBB paperwork ready?
The move to the OTCBB will happen shortly after the audit.
8)Are we still having the MN1 interview?
This may or may not take place. There are actually some things in the work (i.e. coverage), which will give the company better exposure. Basically, interviews with bigger players than MN1. FYI, Petar will be doing the interview(s).
9)The Marquee Asset Mgmt website will be updated in the near future to provide you with some educational information with regards to short covering and the like. It will also provide you with an example of a company who basically forced the shorts to cover. This will help everyone understand what is likely to take place with SLJB.
10)Can you again confirm the cement deal is final? The cement deal is a done deal.
11)Can you explain more about the big buying that will most likely take place in the near future?
At this point, the stock is unsolicited, meaning, brokers can’t call their people and tell them about this great opportunity. Once the audit, etc. are complete, they will be able to do this. Chad knows of many firms that will be buying big (many have called him already).
12)Other than the steel, lumber, and lumber mill deal, is there anything else in the works?
Yes, there is something else, but Chad could not expand on it.
13)Is Wessal done buying?
He does not think they are done.
Overall, hold on to your shares folks!!! The audit is coming!!
All of the above is in my opinion only. Please do not buy or sell based on what I have written.
Posted by: skinluvr In reply to: None Date:9/19/2006 4:42:24 PM Post #of 83338
Conversation with Chad:
What is primary focus of Petar and SLJB within the next 30 days?
~Fully audited financials by end of the week.
~Solidify and focus on closing any open contracts, along with future deals, including several that are currently being presented to the company.
~Remove any and all shorts from the companies common stock at any length necessary.
~File form 10 for uplisting to OTC BB.
~Continue down a more aggressive path to promote Middle East interest in Sulja Bros.
It was also mentioned that SLJB and Marquee are currently working on getting more attention and exposure to the larger public investing markets (via: investors/brokers/brokerage firms), they feel their hard work is already starting to show in the trade volume of SLJB.....
In your opinion will the Middle East investors increase their buying upon the audit release?
~With the deisgn depots and the news that continues to generate throughout the gulf, along with the huge demand for our supplies and products, it will increase in days and weeks to come.
~I am expecting a huge interest starting next week due to the fact the financials will be out and in public circulation. These guys are big oil money.
Skinluvr
DO your own DD this is offered FWIW, Terry
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rmeek1
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Iron sharpens iron...so one person sharpens another Proverbs 27:17
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Post by rmeek1 on Oct 16, 2006 23:21:38 GMT -5
Look's like the moment we have been waiting for is very near. Like say this weekend or beginning of next week. GLTA Sulja Announces Opening of New Retail Store in East Windsor/Tecumseh 10/16/2006 2:36:53 PM WINDSOR, ON, Oct 16, 2006 (MARKET WIRE via COMTEX) -- Sulja Bros. Building Supplies Ltd. (PINKSHEETS: SLJB) announces the opening of a new retail store aimed at home owners at the retail level. The store has been strategically located in the East end of Windsor in close proximity to our nearest competitors. CEO Petar Vucicevich stated today, "The new retail store should be fully operational by mid December. It is only a precursor to a larger outlet that will be built around the same area in the spring of 2007." The new store is located near the bustling and upcoming town of Tecumseh which just won a contract for a new stadium and a racetrack. This has promised higher growth in the region and Sulja will be in a position to capture its share of the growing market. Furthermore CEO Vucicevich stated, "I have been assured by our auditors that we will be in possession of all documents by week's end. With any luck we will have time to review the documents and submit them for our shareholders to review." This contains 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 does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized. SOURCE: Sulja Bros. Building Supplies Ltd. Copyright 2006 Market Wire, All rights reserved Terry : : : : : : : : : : ;D
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rmeek1
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Iron sharpens iron...so one person sharpens another Proverbs 27:17
Posts: 757
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Post by rmeek1 on Oct 20, 2006 16:56:18 GMT -5
SLJB made an upward move today around .165-.17 after the CEo announced on the SLJB website that he had the audited financials in hand and would be posting them to their site it moved roughly 6 million shares in 35 minutes, not bad. Hope for a gap up Monday and the release of financials to drive the price up higher. JMHO. suljabros.com We all await to see the extend of what these financials show and what potential is there and hopefully a move to the next market. Do your own dd Terry
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rmeek1
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Iron sharpens iron...so one person sharpens another Proverbs 27:17
Posts: 757
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Post by rmeek1 on Oct 21, 2006 1:56:21 GMT -5
I hope several of you got in on this. I believe it's going deep. Monday should be a big day GLTA Terry
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rmeek1
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Iron sharpens iron...so one person sharpens another Proverbs 27:17
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Post by rmeek1 on Oct 22, 2006 10:48:20 GMT -5
Posted by an investor from IHUB. No one knows for sure do your own DD.
Posted by: pop-a-top In reply to: None Date:10/22/2006 11:04:03 AM Post #of 127430
I agree, reading the blog, it does sound like he was referring to the cement deal being lost. But, again not worried about it. It was never factored in the 2007 Pro Formas:
2006 Financials: .03 EPS (26mill Gross/15 mill net revs / os 500 million shares. (15 / 500) .03 x PE25 = .75 PPS Target
2007 Pro Formas: .24 EPS (300mill Gross/93mill net revs + recently announce 6 mill in revs from SAM Acquisition, + 98 million cement deal (from blog) which should yield another 19mill in net revs from that cement deal (using 20% gross margin rate) that would give us: 93+6+19 total net revs 2007 = 118mill net revs / os 500mill shares:
EPS .24 x PE25 = 5.90 PPS Target still not bad, but lets say we use PE 40 due to high growth stock:
2006 .03 x PE40 = 1.20 2007 .24 x PE40 = 9.60
Remeber we are also 1Q completed in 2007 (June 01, 2006 - Aug. 31, 2006) which means we should see another 1st Q Financials soon in November to show if SLJB is on track for the 2007 financials.
Everything is good in my book. Still holding for that $10 plus share. Monday will be a show and tell day for pps future of this company. Also this is for a year that 31 May 06 so the next quarter is about to be released. Terry
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smcj3
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Post by smcj3 on Nov 3, 2006 14:35:09 GMT -5
SLJB Sets Release Date of Audited Financials: November 15, 2006 12:50p ET November 3, 2006 (Comtex) Sulja Bros. Building Supplies Ltd. (PINKSHEETS: SLJB) today announced that the Board of Directors has completed the in-house review of their financial audit, and they have set a "date-certain" to release the information. CEO Petar Vucicevich stated today, "We have collectively agreed that on November 15, the audit will be posted for public inspection on www.suljabros.com. We also agreed that we would make every effort to post the document sooner than the 15th (November) if at all possible." Vucicevich further stated, "We understand fully and completely the time issue involved and the necessity for complete accuracy in the audit report. This has taken much longer than anyone here could have possibly imagined. The end result for us however must and does remain constant. It is simply unacceptable for external factors to affect the accuracy of this report. And I am stating now that they have not. We set November 15th as an absolute deadline for public release of the financials, but we will make every effort to put the report out sooner." This contains 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 does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
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Post by Robert on Nov 4, 2006 2:58:34 GMT -5
Does it cause any concern for you about the delays in the financials? Could there be unhappy news that is causing them to delay the release? I am hoping the numbers are great, but is there anything you are hearing to the contrary?
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smcj3
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Post by smcj3 on Nov 4, 2006 8:29:23 GMT -5
I hope not. I believe there is some truth to the problem with the middle east as I have 3 stocks that have dealings in ME and they all have delays and translation issues. I just wish 1 of them would get it worked out. Tired of dreaming the dream and want to start living a little bit of it. : : : : : : : : : : : :
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rmeek1
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Iron sharpens iron...so one person sharpens another Proverbs 27:17
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Post by rmeek1 on Nov 6, 2006 15:14:38 GMT -5
Robert Ross, Whenit comes to money I'm always concerned. This article came via acompletely independent source about the diiference between US GAAP and the IFRS. Could be what the delays were about. I hope the delays will be history by the 15th of November which is the "date certain" date. I bought in early so have done well with this stock. I believe the potential upside outweighs the risk. I have a bout 180,000 shares so I hope it flys but who knows. All JMO GLTA Compare these articles they seem to support PV contention that there were some issues with the release of AF's Posted by: phyllostachys In reply to: None Date:11/4/2006 8:31:19 PM Post #of 147108 Very interesting and timely: KPMG chief rues lack of convergence in international accounting standards KPMG International Chairman Mike Rake opens the KPMG Conference at the Grand Hyatt in Dubai. Published: 11/05/2006 12:00 AM (UAE) archive.gulfnews.com/business/Banking_and_Finance/10080002.htmlBy Arif Sharif, Staff Reporter Dubai: Attempts to harmonise two competing international accounting standards is making slow progress and frustrating global businesses, the head of audit and accounting firm KPMG said yesterday. Michael Rake, chairman of KPMG International, told a regional KPMG conference that the business world is frustrated with the inadequate progress on the convergence of accounting standards. "We have the US accounting standards on the one hand and the international accounting standards [also called on the International Financial Reporting Standards, IFRS] on the other," Rake said in his opening address to KPMG's partners at the meet. "They should be converged to a principles-based approach which is more comprehensible, but people feel that is not happening at the right pace. The US GAAP [generally accepted accounting principles] is in a mess and IFRS needs greater clarity in its framework". Most of the world, including all banks, financial institutions and listed companies in the UAE, currently follow the IFRS, a principle-based accounting system. The US follows the US GAAP, that is now falling out of favour. The accounting bodies governing the two have committed to move together but need to move faster, Rake said. Compare the wording in PV's news release with the wording in KPMG article: WINDSOR, ON--(MARKET WIRE)--Sep 25, 2006 -- Sulja Bros. Building Supplies Ltd. (Other OTC:SLJB.PK - News) releases updates to shareholders on the delay of the audit. ADVERTISEMENT Sulja Bros. today announced that there will be a slight delay in posting the audited financials as stated in previous press release in order to conform with proper accounting practices. A company spokesperson stated, "The delay is nothing to worry about, we want to make sure that when the audits are posted they are done properly and make complete sense. Since these audits include North American companies and figures generated from the Middle East operations, we had to make sure that all companies under the Sulja Bros. umbrella operation are taken in consideration. Also, we have to ensure that these final audits meet all necessary standards and legal requirements as stated in all these different regions. We apologize for the delay but we have taken the liberty to decide that posting complete and all-inclusive financials audits would be a better course of action rather than hastening to complete only portions of it. "We understand the frustration that our shareholders might feel and apologize again for this delay." And then there is this from PV's subsequent update: I would like to state again, that we are in possession of the financials at the moment, but we do need to make these changes before we release them. If not corrected it would lead to a lot of confusion among our shareholders and we definitely do not want that."
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Post by Robert on Nov 6, 2006 19:20:27 GMT -5
Very interesting. Thank you for sharing that. I know I feel a lot better now. Once the financials are listed and the stock moves to the OTC, we should see a nice jump.
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rmeek1
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Iron sharpens iron...so one person sharpens another Proverbs 27:17
Posts: 757
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Post by rmeek1 on Nov 7, 2006 15:32:48 GMT -5
I know we are dealing with a pinky and anything can happen so I'm hangin around until I see if this is a reality or not.
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