InvestorsHub Logo
Followers 55
Posts 4079
Boards Moderated 3
Alias Born 03/12/2006

Re: None

Friday, 11/10/2006 4:56:34 PM

Friday, November 10, 2006 4:56:34 PM

Post# of 311057
Gary did get his interview with Petar today in Colchester. I could go in depth, but the bottom line he doesn't have a good feel. Petar would not confirm anything about our operations and would give no names out. He even seemed to distance himself from the promised numbers (and the pro-forma) saying he didn't even know who did the unaudited numbers. However, he did say that an audit was coming, but not from whom (not KPMG or PWC). Petar did have a passport with UAE, Germany and England stamps on them and the UAE one matched the dates of his trip there for our Al Reem hotel and land announcement. Gary like I said is very skeptical and things just didn't seem to fit for him. He would have liked to see more definitive proof of operations but Petar would not provide them. He said there is only one person on the board of directors and it's not Leo. According to Gary, the Suljas are not involved anymore but he's still trying to confirm all this. It also appears that the land being bought up in Colcester is under Petar's name and not Kore. Now this could be transferred to the company at a later date, but it's technically his right now. It appears the RCMP (their equivalent of the FBI) has already interviewed Petar (Petar confirmed this). If we have concerns, he suggested we contact the Ontario Securities Commission and file a consumer complaint (even if you just what more info).

I don't know what to think of all of this. It certainly doesn't sound good based on Gary's impression and lack of info from Petar. Could it be Petar's way of scaring out the rest of us penny infestors by keeping his mouth shut until the final minute and then surprising us, will the numbers come up short, or is this the scam of the century and then some. I have no idea. It would concern me if the Sulja's are completely gone from the picture and it's just Petar remaining. I think everyone here knows I'm a straight shooter and we are at where we are at. Where that is, I have no idea. Gary is still working on the story and is hoping to have something in the paper tomorrow and Monday (depending on the editors). I guess you could say our reporter is in the same boat as the rest of us. He knows the Sulja operation is real and doing business and the Sulja's are a well respected family in the area but on the other hand you have Petar who for whatever reason will not give out more information on what the heck is going on. Why? Please don't shoot the messenger. It is what it is. The saga continues! I'd love to hear what others are thinking. Looks like a long weekend! GLTA!