LoftWerks, Inc. Explains and Defines: "Short Seller Captured Capital"
NASHVILLE, TN, Mar 13, 2006 (MARKET WIRE via COMTEX) -- CEO Dennis Ammerman reiterated today that anyone planning to flout LFWK (OTC: LFWK) stock in a "shorting position" would do so while bearing the full brunt of every available resource at the company's disposal that can be aimed to render them mute. "The small exchanges are plagued by this ludicrous and even perilous frenzy of negative influence," said Ammerman, " We can help open the door to companies that rely solely on public market funding to reclaim their rightful roles of benefactor and driving force of true and accountable shareholder value."
-- LoftWerks' share structure is: 500 million shares Authorized.
-- 200 million of these shares are held in treasury for M & As and
Dennis Ammerman owns 100 million shares that are Restricted.
The share structure will be posted at www.loftwerks.com by March 14, 2006 The Pink Sheets website will be updated by Tuesday March 14th, 2006.
CEO Dennis Ammerman stated; "Insiders decided to buy more shares than are legally available. There is no stock definition for this type of buying; therefore, we created our own definition. We call it 'Short Seller Captured Capital.' Insiders have expressed interest in selling blocks of shares back to the company at a later date. The shares can be introduce back into the market after LoftWerks' plans are executed, and the short sellers can complete their buy-in at a much higher price. Short Seller Captured Capital will prevent dilution of the current shareholders' value while providing insulation to the current shareholder from the effects of high-volume sell-offs."
Shares issued through the current open Rule 504 paper filing for merger expenses are issued at the closing ask price on the day of issuance.
LFWK is on schedule to complete the merger with Sulja Bros. Building Supplies. LTD., the primary distribution arm of Consultech's Midwest operations, as planned. Sulja Brothers will serve as the centralized and primary distributor of materials for all future projects. A twenty-four year old business, Sulja Bros. has achieved increasing revenues since its inception that now average over $30M annually. The company currently has assets totaling more than $25M. After merging with Sulja Bros. Building Supplies, Ltd., LFWK will finalize the full reverse transaction with Consultech Construction Management, Inc.'s Midwest office. Consultech Construction Management is currently in negotiations with federal, state, and local officials to procure storm-relief contracting services outside Biloxi, Mississippi. More details will be released at a later date.
SOURCE: LoftWerks, Inc.
. |
