PPJ Healthcare Enterprises Inc (PPJE)

[Ed the Trader]

PPJE TRIAL TO BEGIN AS SCHEDULED!

It appears that the honorable Elizabeth White has had enough with the delays. We speculated last week about the Ex Parte Application filed by the plaintiff (PPJ Enterprise), and its subsequent denial.

I just got around to downloading the documents concerning this, and it does turn out that last Wednesday (June 25th), the plaintiff's attorney filed an Ex Parte Application to continue the trial until either August or October. The reasons cited were the the defendant's attorney has failed to product one witness for deposition (an employee of Grewal who was poached from Basu's company, Healthcare), AND that the plaintiff's attorney just received additional bank records regarding deposits that further prove Grewal's fraud. The attorney wanted more time to examine the bank records.

The judge's order is as follows:


Note that the Final Status Conference occurs tomorrow morning at 8:31am. Once that occurs, and all parties agree at that meeting that they are ready for trial, the trial IS going to begin next Monday on July 7th!

Also note that Grewal has now brought an additional attorney into his defense, and more attorneys cost more money, so he is getting more serious about getting on with starting the trial.

Finally note that the latest round of paperwork filed with the court involves Motion in limine arguments which basically are the attorneys filing what evidence and witnesses that want included and excluded from the trial. If everyone did not expect the trial to start as scheduled, it is unlikely that the attorneys would be working on these arguments.

PPJ is requesting over 26 million dollars in this lawsuit... plus punitive damages.

Today, PPJ Enterprise is worth about 1.9 million dollars:

Outstanding shares are 1,263,000,000 x $0.0015 per share = $1,894,500.

If PPJ receives the requested award, it will be worth $27.9 million dollars.

That translates to a share price of $0.0220.

$0.0015 moving up to $0.0220 is a 1300% gain!

The trial is scheduled to last 15 court days, which should bring us to a verdict on or before July 25th.

See you on July 25th when we all can celebrate!