Q & A with Marquee:
I spoke with Chad from Marquee today for about 30 minutes. Below you will find the Q&A details. I did my best to capture the questions and concerns of the board.
1) Are the audited financials still slated to come out mid-Sept? Yes, they should be out at the latest, next week. However, they could be any day now.
2) Which fiscal year-end will Sulja use in the U.S.? Not sure, but that will be clear when the audited financials come out.
3) With the change in the CEO, can you confirm that there is no plan to change the current share structure? No change was mentioned to him.
4) Can you confirm that the client we lost is not the cement deal (i.e. Ramada)? The cement deal was not lost, but the client (Ramada General Contracting) was not happy with all of the calls (also note they are a private company and not used to shareholders hounding them for information). Bottom line, we have the cement deal still.
5) Has Wessal started buying their 25%? If not why would they wait? Is there an advantage for them to wait? Not sure if they started buying. Note, Wessal has big money and are not concerned with the PPS going up somewhat before they start buying.
6) Any ETA on the move to the OTCBB? Most likely very soon after the audited financials. It should be quick.
7) Can you explain why Shahid Khan was named the CEO for one day? Basically, the plan was for Petar to take this position eventually, so Khan was in there as a temporary. After they put him in the position, Petar decided it might be best for him to take over now, instead of later. Basically a whoops, maybe Petar needs to be in control, given all of the complexities.
8) Are you considering dividends, as this may get the attention of some big buyers (i.e. hedge funds). It's not out of the question and they expect retail buying after the audited financials come out.
9) Do you know of any naked short or regular short selling? If so, do you know what the numbers are? Also, what are the plans to counter such activity? Yes, there is shorting taking place, but it's impossible to track the numbers because much of it is done via Canada. A guess would be 200-300 million. After the audited financials, retail buying will begin and shorts will have to cover (i.e. margin call!!), that's how the company will counter.
10) Do you know how many shares above and beyond the current O/S LWFK owned? Did they control more shares than what was in the float? Were they required to sell the shares back into the public float, as to not have a negative float? Word has it that they (LWFK) own no shares and Dennis was completely bought-out. The share structure is the same as recently PR'd.
11) If the goal is to get to the NASDAQ and we must maintain a $4 PPS for an extended period, does the company believe their financial results alone will get us above $4 or is there something else in mind? Audited numbers, major growth, and retail buying will get us there.
12) It was stated that Steve Sulja would stay on as a consultant. Can you expand on what his new role might look like? (i.e. board of directors, etc.). Exact role not known, but basically the big guys are taking over.
13) Can you provide any information regarding a reverse merger with Consultech? There are no mergers in the works at this time.
14) On the Sulja website, there are no numbers posted for June and July, 2006, can you explain and can we get these numbers? He's going to look into this.
15) fyi...on Ameritrade, Sulja is listed as Suija. Can you look into having this revised? He will let someone know and work to have this fixed.
Other Notes:
1) Petar has been in control and the main man for a while now. He has the experience we need to run the company, which is beginning to become more complex (i.e. international and public). He's very good at negotiating and closing deals and is a straight shooter. You should feel very good about him being there.
2) Marquee Asset Mgmt does not release PRs, they are done by Petar. MAM does, however, advise Petar on what they believe should be released, hence the vast number of recent PRs.
All of the above/below is in my opinion only. Please do not buy or sell based on what I have written.
