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Wednesday, 12/23/2015 4:00:23 PM

Wednesday, December 23, 2015 4:00:23 PM

Post# of 66141
Amendment filed: 1:100 Reverse, AS reduced to 5B

Told you it was coming.

On 12/15/15, Basu filed Articles of Amendment with the Florida Department of State that will:

1) Implement a 1:100 reverse split of the common stock, to roughly 40.4M shares

2) Change the number of Authorized Shares to 5B from 20B

3) Reduce the number of authorized Class B shares to 2000, from 50M

There is no mention of the Class E, but I assume they won't reverse (after all, there is only 5000 of them, per the recent quarterly report).

Here's a screen grab from the document:



Link to the amendment: http://bit.ly/1khHj8I

I wrote on Dec 4, during the paid awareness campaign, that I expected that the next big news would be a reverse split, and I was correct:

The follow-up news will be about reverse split

Since this current paid awareness campaign failed to generate cash for Basu to continue to operate PPJE, and because the OS now exceeds 4B shares, I expect her to implement a 1:100 reverse split by the end of Junuary, 2016, in the hopes that a higher price will allow more efficient raising of cash.

After all, the number of outstanding shares prior to last December's 1:100 reverse split was only 3B, one billion shares less than it is today.


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=118932680

Some laughed at my prediction, but it appears that there will be a 1:100 reverse by the end of January, 2016.

I guess that I am in Basu's head:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=118947630

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