SWKJ.OB – is no longer valid. It has changed to SBDNE.OB

[slomo007]

My optimism about the stock is due to a few reasons:

1) Extremely low float, according to the Market Cap the float is something like 7.7M, but this could be a little low.   (edit: today's PR shows this is wrong...the float is more like 43 M). 
2) Big hand in China's growing construction needs: http://biz.yahoo.com/pz/050810/83609.html They are trying to get a $5,000,000 contract there within the next few weeks, and if this happens it would be huge news.
3) In this webcast, http://www.smallcapvoice.com/swkj/swkj-8-11-05.html the CEO said he expects about $2,000,000 contract announcements within the next couple of weeks ($600,000 was announced yesterday, meaning that what he said does have some truth). Now I'm going to hold until we hear about the rest of the $1,400,000 which should be announced soon. The CEO has somewhat of a stutterring problem, but overall he knows what he's talking about IMO.
4) The 3 month high is around $.10 back in June, roughly 1/4 of the price now. And this was due to the signing of a $2,800,000 contract. So, you do the math, if the investors liked it enough when they signed a 2.8M contract back in mid June...then why won't they like it enough now that they're signing $2M worth of contracts now? That's what I'm betting on.

I'll sell enough to cover my orignial investment when/if it doubles, and I'll sell completely out when/if it quadruples (.023*4=.092)....unless something changes my mind between now and then.

This is the largest stock in my penny portfolio, and I have almost no worries about it in the mid-term. 

[evgeny05]

SiteWorks Building and Development Co. Announces Reduction in Authorized Common Shares
Aug 17, 2005 9:00:00 AM
Copyright Business Wire 2005
MIAMI--(BUSINESS WIRE)--Aug. 17, 2005--

SiteWorks Building and Development Co.(OTCBB:SWKJ) has amended its share structure by reducing the authorized common from 5,000,000,000 to 500,000,000 shares, changing the par value of its Preferred A to .001 and amending the conversion Ratio of Preferred A to common to 52 to 1. The changes were made pursuant to a Board of Directors meeting on August 13, 2005.

Currently the company has approximately 130,000,000 common shares issued and outstanding of which approximately 87,000,000 are restricted securities, 5,100,000 convertible Class A preferred,(convertible at 52 to one) and 1,100,000 Class B preferred, convertible into 1.00 worth of common per share.

SiteWorks Inc. is responsible for the adequacy and accuracy of disclosure in this filing, and SEC staff comments or changes to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filing and SiteWorks may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.

Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected, or described pursuant to similar expressions.

Source: SiteWorks Building and Development Co.

[kobajashi25]

Thanx a lot!!  i am holding on.

Let me know if you have some news?

greats

Koba from Belgium

[kobajashi25]

Hello,

Can someone tell me what this will do with te price of the stock?  Is this positive?

"reducing the authorized common from 5,000,000,000 to 500,000,000 shares, changing the par value of its Preferred A to .001 and amending the conversion Ratio of Preferred A to common to 52 to 1. The changes were made pursuant to a Board of Directors meeting on August 13, 2005."

Thanx a lot

koba

[catrader]

can this be in play now?  high volume and up some.

[setravis]

It's to me like it has formed a Symmetrical Triangle (continuation) Pattern.
Could be ready for a possible breakout to the upside.
Volume is up...something could be cooking!
Support @ 0.02...0.01
Resistance @ 0.03...0.04...0.05....0.06
MACD is Bullish
*******************************************************************
StockCharts.com Explanation:
The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. You could also think of it as a contracting wedge, wide at the beginning and narrowing over time.
While there are instances when symmetrical triangles mark important trend reversals, they more often mark a continuation of the current trend. Regardless of the nature of the pattern, continuation or reversal, the direction of the next major move can only be determined after a valid breakout.

[runforthedoor]

  News out at 1PM...probably the cause of the spike....

  http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2005%5C09%5C09%5C70165135.html%26clientid%3D168%26provider%3DBUSINESS_WIRE&symbol=SWKJ

[52 windsor deluxe]

bought this stock about a month ago...up .01 at premarket....looking to breakout...news too......looking to add to my position if i can....all my money is helded up in other stocks..not enough money to play all the ones i would like....oh well... ....up over 50% half hour into the market...

[gmarc66]

I got in at .05..hope its going higher!

thanks
julia

XSNX also moving

[talonz]

Could be an interesting one, im keeping a close eye on this one

[slomo007]

I got in at .05..hope its going higher!

thanks
julia

XSNX also moving

It's going MUCH higher.  A poster on the Ihub message board apparently spoke to the company and learned that SWKJ will be proposing bids to build low-cost housing in New Orleans.  I realize this is only a rumor, but with a stock selling at only .05 I think it's worth the gamble.  Plus, there is already a very strong presence in Asia, and there is an extremely small float.  This stock is ready to rocket.

[doyerdiligence]

wow nice move here
to bad i didn't have the patience from a month ago

[52 windsor deluxe]

yep...i read that too this weekend.....up over  70% this morning....a company that will have some kind of hand in rebuilding new orleans.........at .06 a share....not bad... ....trying to add to my position.....julia..i hate to see you chase, but so far so good

[andyman]

Oh yes,
I was not so sure what it will do the last days and even I started to thinking about scrapping, since I am holding this stock since more than 6 weeks.
But thanks good I kept them. 

[runforthedoor]

  Almost bought some of this a few days ago, but my clicker didn't click.  Been in and out of it a few times...can move fast either way...for those that did click and get in early, you did well today. 

  http://www.rallymonkey.com/video/kenindex.swf