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Despite recognizable red flags PPJE
.0001 ask no bid looks favorable to me. No need to remind of how I can be reversed out or that it could get a CE designation. Anything is possible here or anywhere in the no bid lotto!
#NOBIDLOTTO.0001$
PPJ Healthcare Enterprises Inc. $
Nobody is shorting a .0001 stock.
The OTCShortreport is worthless garbage.
PPJE Disclosure Statement doesn't square with their financials:
PPJE posted its financials, now current:
http://www.otcmarkets.com/stock/PPJE/filings
$102K of revenue for a direct cost (outsourcing cost) of $97.5K, plus $7K of marketing, plus $7K of of legal expenses,
for a quarterly operating loss of ($9,789).
According to the financials, no new shares were issued, O/S: 7,010,836,058.
Assets-wise the company is rich with $997K of "contracts receivables" and $921K of "investments in software".
$1 cool million dollars is currently owed to the lone officer and director.
Still $393.6K of of outstanding in "secured" convertible notes.
There are 2 bizarre notes:
Other liability from 2006 $1,118,557 not added in the liabilities – Preferred shares to be issued- lender in Bankruptcy.
** Preferred Stocks to be issued, not added in the liability
Note F: Convertible Notes
To finance its operations, the Company has entered a series of one year convertible notes. In general, these notes are convertible into common stock at a discount of from 40% to 60% of the market price at the time of conversion. As of March 31, 2014, three of these notes with a face amount of $78,222 were due and unpaid. During 2013, and 2014 the Company issued 22 notes with a face amount of $516,480. Some of these notes were converted during 2015. The balance of these convertible notes is approximately $342,000 without interest and late fees on September 30, 2016.
The Company is in default on these notes and has entered negotiations with the lenders.
2006 Notes
On June 27, 2006, the Company entered a Securities Purchase Agreement (the “Securities Purchase Agreement”) with New Millennium Capital Partners II, LLC, AJW
Qualified Partners, LLC, AJW Offshore, Ltd. and AJW Partners, LLC (collectively, the “Investors”). Under the terms of the Securities Purchase Agreement, the Investors purchased an aggregate of (i) $2,000,000 in callable convertible secured notes (the “Notes”) and (ii) warrants to purchase 50,000,000 shares of our common stock (the “Warrants”).
(...)
The Company is currently in default on $342,000 of these notes and has entered settlement negotiations with the lenders.[color=red][/color] About the 2006 convertible notes, the lender is in bankruptcy and the Company may be able to issue Class B Preferred B Stock for these notes. At present, there are $1,118,557 of such notes outstanding.
Note G: Stock Issuance
During 2016, the Company issued 1,479,912,501 shares of Common Stock pursuant to the conversion of debt and 2,100,000,000 for services. Five thousand shares of Preferred E were issued as incentive shares.
dat was just Greasy throwin' money n2 da fire pit.
10,000,000 shares? Someone has faith. I've lost mine I think.
Loading Time for this POS. Easy $$$! BOOM TIME !!!
after da R/S...eom
PPJE gonna be HUGE.
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Patience...it will come.....holding LONG here.
waitin' for Basu to pay us shareholders back all da money she squandered on paddin' her wallet~!
Basu is in a class of her own IMO....not good!
Basu awarded her supporters with a special class of shares...
maybe "Class E"?.
Anyway, they are as worthless as every other common share held by others.
Go figure.
I haven't come across an OTC that hasn't had a questionable CEO. I just replied to see if you had some insight I was not aware of. Your comments are duly noted.
i'm aware of the pitfalls of otc / penny stock trading. I speak specifically about the IMO scumbag history of the ceo. She has IMO for years mislead and failed to fulfill promises made to the continual $$ loss of investors in her "enterprise". My question was specific about her. Why would anyone at this point invest anything? There are so many great trades out there.
The market is very unpredictable especially when dealing with trips. In order to get in on the ground floor you have to take a position in a stock that has been dormant. The solid plays you speak of don't exist. It's all a crap shoot down here and large caps are for large capital. If you have found success down here I'm sure we'll be open to your strategy.
Can anyone indicate any reason / validation that the ceo is simply doing anything other than playing this penny stock world with great personal success at the expense of MANY bagholding investors for some years now? With so many solid plays out there why would anyone be here? No sarcasm here but a genuine question.
Same here. And with climate change...just maybe it will happen. LOLOLOLOL. I wish this stock would do something.
Just sitting here waiting for hell to freeze over.
Im with you on that. Happy Fathers Day!
Go $PPJE
This is a 10 bagger!
Im still holding.
Go $PPJE
PPJE .0001 !
Vast upside potential here!
Some days it is.
Both domains have served their purpose, which was to allow the dumping of a few million worthless PPJE shares.
Flowertesting and Paincentersusa websites are dead
Flowertesting.com (Basu's son's in-home testing company) is now a dead Wix website
http://www.wix.com/lphtml/parking?redirectedFor=flowertesting.com%2F
It also appears that Basu has allowed the paincentersusa.com domain name to expire, as the domain is now available:
https://www.whois.com/whois/paincarecentersusa.com
Disclaimer: get out before you lose your money. I lost mine two RS ago, warned of the second, and now it's back again for a third. ScAM
I surprised this can still be traded.
Any chance of this bouncing back at all or is this dead? I surprised this can still be traded.
Four zeros again. What a surprise.
give it some time.
why use that innocent woman's image in a demeaning way?
There are images of Basu out there.
NEWS! NEWS! NEWS!
Brokeass Basu is trekking around Skid Row looking for new binniss scams for PPJE to supplement her Social Security, SNAP/CalFresh food stamps, and monthly bus pass for elderly.
Now that she can gett Social Security, the 'sense of urgency' to continually fleece pennyvestors has been reduced. Now it's just a way to supplement her begging bowl.
She's spotted a promising location in Pershing Square park to set up the imaginary 'Pain Clinic' she's been babbling about for years now.
Brokeass Basu trekking about Skid Row looking for marks to sell worthless PPJE Class E shares to for $40 or whatever loose change the mark has in their pocket at the time
We sure could use some news. LOLOLOLOL
Perma-grifter Brokeass Basu livin' on DaStreets.
The Automated Biller can't pay her bills
Basu having a 'working lunch' paid for by CalFresh
Brokeass Basu will sell you some Class E shares for $40 ... uhh, how about $20? ... ummm, $5? ... ok, 25 cents ... or whatever spare change you have in your pockets
Only another $40 to gett your worthless Class E shares in this scam.
Such a deal!
Brokeass Basu - and where are those 'pain clinics' she was babbling about? NOWHERE.
I think Basu should hire MMG to promote this again.
It worked so well the last time.
PPJE = ATM FOR BASU ~ all it is...now dat it's run dry, she's got to do something quick to pay for her ritzy lifestyle.
She haz to be more clever dan she was before to bamboozle new suckerz.
Still no PUBLIC word from Basu.
Is it over for PPJE?
Okay thanks. I was not here then, so didn't know.
About a year ago? It was supposed to be some kind of bonus share, dividend ? payment to shareholders of long standing. I should have gotten something based on my share purchase in April 2010. Turned into a very weird series of hoops to jump thru and broker said it didn't smell right.
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Only a Superior Medical Billing Service Can Deliver an Increase In Revenue for Healthcare Practice In Virtually Any Specialty
Over the past two-and-a-half decades, Professional Billing Service has had the pleasure of watching our clients increase their cash flows within four months of obtaining our services. We guarantee 30 percent in collections, though most of our clients realize an increase of more than 50 percent. We improve our clients' incomes by billing their services accurately and efficiently within the current industry standards.
Professional Billing Service continues to update its billing procedures to guarantee that our clients receive the highest collections available under the law, whether the payer is a private insurer, Workers' Compensation, Medicare, or Medicaid.
By perfecting our medical billing, follow-up and appeals processes to meet the ever-increasing demands of our client's practice, Professional Billing Service's specialized compliance procedures drastically increase cash flow, eliminate errors and limit payment denials.
Professional Billing Service was founded 30 years ago with a mission to guarantee its clients an increase in collections in a more efficient and effective way. With more than 30 years experience in the medical billing industry, our company is continually updating its processes to meet the changing needs of our customers.
Contracting with Professional Billing Service allows you to receive the highest level of service to your practice. If you are interested in more information about our services or would like to set up a time to meet with us in person, please email us or give us a call.
Over the past two-and-a-half decades. Professional Billing Service has had the pleasure of watching our clients increase their cash flow within four months of obtaining our services. We guarantee a 30 percent in collections, though most of our clients realize an increase of more than 50 percent. We improve our clients' income by billing their services accurately and efficiently within the current industry standards. Professional Billing Service continues to update its billing procedures to guarantee that our clients receive the highest collections available under the law, whether the payer is a private insurer, Workers' Compensation, Medicare or Medicaid.
Anesthesiology: 30+ years of coding, billing, and collections of complex anesthesia procedures.
Pain Management: 26+ years of coding, billing, and collections of complex pain procedures.
Ambulatory Surgery Centers: 20+ years of facility billing of all specialties.
Surgery: 29+ years of coding, billing, and collections of complex surgical procedures - all specialties.
Radiology/Interventional Radiology: 27 Years coding, billing, Workers Comp lien, collections.
LDL Apheresis: 13 years of authorization for service, coding, billing.
Regenerative Medicine: 6 years of coding, billing.
Blood Bank Services/(Pathology): 13 years, Only billing company in the country.
Compounding Pain Cream, Psychology, General Medicine, Internal Medicine, Obstetric, Chiropractic, Physical Therapy, and Massage Therapy: Billing and collections.
Ambulance/EMS: Billing and collections.
Workers' Compensation: 28+ years experience in Workers' Comp and PI liens as well as Workers' Comp appeals board and court hearings.
PPJE is ruled DTCC Compliant 2013
PPJ Enterprise (PPJE) is a Healthcare Finance company whose main purpose is to fund capital ventures of its growing subsidiaries. The company's mission is "To stand as the face of a public company to attract various investments to fund the financial interests of its subsidiaries. The goal of each subsidiary is to seek ventures that improve the financial health of medical and dental practices throughout the United States; specifically technology based medical record programs and advanced medical billing software systems. PPJE has focused on one subsidiary in particular, The Automated Biller. The Automated Billing Company's mission statement is: "To enable busy physicians to streamline their insurance billing process so that they can focus more of their energy into enhanced patient care." The company envisions that The Automated-Biller will make the current mundane and tedious task of insurance billing for medical procedures quick and easy so that physicians are able to spend less time billing insurance companies and more time with their patients. By leveraging technology, the physician can save both time and money on their billing processes.
From Latest Filing
http://www.otcmarkets.com/financialReportViewer?symbol=PPJED&id=65403
$15 Million dollar suit against Narindar Grewal on going :
During a trial between Ms. Basu and
Narinder Grewal, MD (Dr. Grewal) where Dr.
Grewal sued Ms. Basu for $3,000,000 claiming that Healthcare did not pay all money
received from his billing, and Ms. Basu filed counter suit complaining unethical
behavior of Dr. Grewal damaged Healthcare for mil
lions. in June of 2009, during
preparation of trial, Ms. Basu discovered documents from old records that proved Dr.
Grewal stole from Healthcare in excess of $500,000 per year for a period of 9 (nine)
years by using different scams. Trial was awarded to Ms
. Basu, judge decided that
money belongs to the company since Dr. Grewal's contract was with the company and
advised that company is to file actions against Dr. Grewal. Ms. Basu reported to the
Registrant's Board of Directors who then decided to file colle
ction law suit against Dr.
Grewal and his companies. The case filed in Los Angeles Superior Court on Dec 3,
2009, Los Angeles Superior Court, California Case no. BC427192,
Case set for criminal jury trial
Starting August 19th 2013
Headlines for PPJE!!!
CEO Chandana Basu Said "The recent economic downturn did affect our industry. PPJE was not immune. Simply, 2011 has been a rebuilding year for PPJE, as our long term shareholders can attest to. We bring attention to 6 different news releases we issued from June 9, 2011 headline, PPJ Enterprise Updates Its Shareholders. We are pleased to report that we have met or satisfied all of the targeted goals announced. What remains outstanding is the existing lawsuit where we are the Plaintiffs, and the dividend issue. Those two items are also being processed through their due processes.
We share the opinion of our US representatives and other economic and financial forecasters, that the worst of the economic times are behind us. We see a great future for PPJE. For example, the following is just some of the new and exciting developments at PPJE which are in the works, well under way, or close to fruition.
-- New business. New billing contracts in pharmacy billing, pain management billing and workers comp. collection accounts. -- New division being formed to accommodate a new line of business - financing medical practice, hospital account receivable. These are substantial accounts with a fee of 5% of total funding. -- Back office arrangement / financing with a private bank.Other activities
-- Additional attorney retained in the litigation case to insure all pre trial discoveries completed timely, -- PPJ Enterprise now in Twitter -- Updated OTC Markets Adequate Disclosure and Share Structure -- Current Share Structure Full Disclosure As Per Transfer Agent Records -- New Share Structure Reducing Authorized Shares From 7.3 Billion to 950 Million SharesWe do acknowledge our followers inquiries regarding our recent share structure disturbance and the logic behind this. Simply there are rules and regulations that govern public companies as to when and how the company can announce a merger or a major acquisition. I can however say that PPJE management is looking at all options available, and that our Authorized Share Structure is being reduced from 7.3 Billion Shares to 950 Million Shares. We ask that our followers monitor our Financial Filings on www.OTCMarkets.Com web site for these and other official positive strides.
This is worth repeating. These are exciting times for PPJ Enterprise. We have many solid business developments in the works as aforementioned.
Based on the current company presence on the U.S. health care market, namely the current contracts and contract negotiations, the management of the Nevada based PPJ Enterprise estimates the projected revenues to reach between $1.5 to $2 million in 2012. This sum will include revenues from all the products offered by the PPJ Enterprise: pharmacy billing, pain management billing and workers comp. collection accounts.
Company CEO, Chandana Basu stated, "The U.S. Health Care Spending reached $2.5 trillion in 2010. We are actively focusing our sales activities, and we expect to fully capitalize from being located to the proximity to important U.S. markets such as California, which is one of largest markets for automated billing systems in the U.S.
NEWS
https://www.otcmarkets.com/stock/PPJE/news
http://www.mmdnewswire.com/ppj-enterprise-ppje-ppjed-75331.html
PPJ Enterprise Awarded Contract With New Jersey Pain Management Physician's Group April 11
•PPJ Enterprise Announces Its Financial Results for the Fiscal Year 2010 Marketwire Wed, Mar 30
•PPJ Enterprise Awarded Contract With California Based Orthopedic Physician's Group Marketwire Mon, Mar 21
•PPJ Enterprise Announces That It Has Secured a $21,000,000 Workers' Comp Lien Collection Contract With a California Surgery Center Marketwire Fri, Feb 18
•PPJ Enterprise (PPJ) Retains DME Capital LLC to Implement Global Investor Relations Program Marketwire Fri, Feb 11
•PPJ Enterprise Announces That Its Subsidiary Professional Billing Service's (PBS) Gross Revenue Increased From $12,000 per Month During Earlier Months of 2010 to $80,000 to $100,000 per Month Since September 2010, an Increase of 700-800%, a Marketwire Wed, Feb 9
•PPJ Enterprise Announces That the Company's 4th Quarter Gross Revenue Is $236,213 Compared to the Prior Nine Months Combined Revenue of $172,012, a 165% Increase Marketwire Mon, Feb 7
•PPJ Enterprise Announces That the Company Became "Pinksheets Current Information" on 12/15/2010 After Going Through a Long, Hard Process to Comply With "Pinksheets" Requirements Marketwire Thu, Dec 23
•PPJ Enterprise Announces Today the Most Exciting News During the Last Three Years -- That It Has Reached Its Highest Revenue in August, 2010 Marketwire Fri, Aug 27
•PPJ Enterprise Updating Its Share Holders With News Marketwire Mon, Jun 28
•PPJ Enterprise Announces That It Plans to Enhance, Upgrade and Market Automated Biller Software During the Year of 2010 Marketwire Mon, May 24
websites :
Health insurance carries more risk than any other type of insurance; this is because all people are subject to illness at some point in their lives. As a result, medical insurance billing is very complicated; it has to meet the standards of loss verification to claim insurance benefits while maintaining the federally mandated and required Health Insurance Portability and Accountability Act. (HIPAA) Thus in the medical billing industry, accuracy is a highly regarded trait and is essential for provider reimbursement.
As the demand for medical services rise, so will the need for effective medical billing claim submission. Most traditional forms of insurance billing services use their internal processes to file and process claims. Insurance companies require effort on the provider's part in order for them to be reimbursed for services rendered. The task of providing medical service and maintaining the accuracy and understanding of medical billing code sets can be very overwhelming to any medical professional; thus medical providers can turn to The Automated Biller for ease.
The mission of the marketing team is to employ strategies to reach the target market. The sales mix includes:
* Developing the www.theautomatedbiller.com website with video presentations to detail the system and its operations
* Attend healthcare conferences and exhibitions in major cities around the country demonstrating hands-on Automated Biller workshops
* Search joint venture with a marketing company capable to meet the major target market, all healthcare entities, to assist in bringing the
Automated Biller into major medical markets nationwide.
The current retail price of the Automated Biller is $40,000; the marketing company will receive 50 percent of all sales less cost of goods for the next two fiscal years. Although this will reduce the potential profit of the Automated Biller, the marketing company can reach more effective markets with competitive costs. At the end of the 2 years, the Automated Biller can be bought back at 100 percent gross profits after it has reached major markets.
PPJ Enterprise (PPJE.PK) (Formerly Winfield Financial Group) is currently in development of a revolutionary medical billing software system, The Automated Biller. It is a medical billing system which is comprised of both hardware and software to perform all of the various practice management tasks. The system uses OCR/IMR scanning technology to allow physicians to bill their medical insurance claims at the point of service without data entry, coding or billing personnel. In 2004, there were 567,000 physicians with working privileges in the United States (bls.gov). The initial financial analysis shows that the Automated Biller has a great competitive advantage in that there are no medical billing system or service products that are currently commercially available that can handle multi-tasked clients in the healthcare industry. PPJE currently offers the Automated Biller on a customized basis for medical practices all over the United States. The company was founded in 2000 and is headquartered in Reno, Nevada.
PPJE's principal activity is a medical reimbursement consulting firm dedicated to helping medical practices become more efficient by reducing labor costs, lag time costs, and by increasing revenue through increased accurate billing methods. Practice costs will decrease because there will no longer be a need to outsource medical billing needs.
We are currently presenting PPJ Enterprise to the professional investment community. If there is any interest on your part, we would be pleased to provide you with more comprehensive information on the company for your review and consideration.
Mission Statement
To enable busy physicians to streamline their insurance billing process so that they can focus more of their energy into enhanced patient care. " PPJE envisions that The Automated Biller's will make the current mundane and tedious task of insurance billing for medical procedures quick and easy so that physicians are able to spend less time billing insurance companies and more time with their patients. By leveraging technology, the physician can save both time and money on their billing processes.
Marketing Plan
The mission of the marketing team is to employ strategies to reach the target market. The sales mix includes:
• Developing the www.theautomatedbiller.com website with video presentations to detail the system and its operations
• Make an smaller exhibitions of The Automated Biller in major cities around the country demonstrating hands-on Automated Biller workshops
• Search joint venture with a marketing company capable to meet the major target market, all healthcare entities, to assist in bringing the Automated Biller into major medical markets nationwide
The current retail base price of the Automated Biller is $40,000; the marketing company will receive 50 percent of all sales for the next two fiscal years. Although this will reduce the potential profit of the Automated Biller, the marketing company can reach more effective markets with competitive costs. At the end of the 2 years, the Automated Biller can be bought back at 100 percent gross profits after it has reached major markets.
Finance Plan
The finance plan is based on the following assumptions:
• Capital investment is still needed to complete software development and to research possible new modules to the current system.
• The base cost of the Automated Biller is $40,000 which includes all software needed to run the entire billing system and the licenses for one user. However, each medical specialty will be required to purchase their own module to customize the needs of the individual practices. The list of prices is attached.
• These financial projection numbers are only for 2009; PPJ is hoping to joint venture with a marketing company by January 2009 to get sales rolling quickly.
• These estimates are assuming the lowest possible profit under these sales conditions.
PPJE Team
Chandana Basu, CEO & President
Chandana Basu holds a B.S. degree in mathematics and minors in both physics and chemistry. Chandana is currently Chief Operating Officer of PPJ Enterprise (PPJE). Chandana has been successful in growing a previous billing service to generate over $20 million per year in collected billings from a core client base of doctors and hospitals in California, Florida, Washington state and Texas with minimum marketing and advertisement. Chandana Basu's company has been a pioneer in medical bill collecting from insurance companies for over 18 years, and has 14 years of experience in computer design and programming. Chandana is also the CEO and President of AutoMedT Software Corp. AutoMedT has pioneered new medical billing software that dramatically decreases inefficiencies in the medical billing process. "It not only takes an effective medical billing software program, but other consoles are needed to make the medical practice easier to manage such as accounting software links to QuickBooks Pro, automated posting capabilities, and simple patient schedule modules", she states. Many of the Automated Biller's innovations can be credited to Basu's extensive computer programming experience.
Abhijit Bhattacharya, VP
Abhijit Bhattacharya has been affiliated with the Company for over 12 years. In particular, he has connected the Company with several clients, has directed HBSGI's marketing program, and has promoted the business at various medical conferences throughout the country. Most recently, he has been officially appointed Vice President and is responsible for building new relationships with clients.
Payel Madero, COO
Payel Madero recently completed an MBA in Health Service Management. She is using this educational background to develop the Automated Biller in terms of achieving and maintaining HIPAA compliance. currently, she is completing RHIA certification which is sponsored by AHIMA to ensure that Healthcare Administrators understand and enforce HIPAA compliance. The RHIA certification coupled with the continual updates to the Automated Biller will ensure that its users will also be in compliance now and in the future.
Founder's Objectives
The executives of PPJE hope that within the next two years, the Automated Biller will be in most of the major markets throughout the country with the assistance of a third party marketing company. At this point, the Automated Biller research and development team will continue to release updates on their software and utilize the most up to date technology available to assist in medical billing management.
Transfer Agent: Pacific Stock Transfer Co.
Tel. (702) 361-3033
PPJ ENTERPRISE
1105 Terminal Way Suite 202
Reno, NV 89502
United States
Phone: 775-348-5735
Email: info@ppjenterprise.com
PPJ Enterprise (PPJ) , a leader in proprietary automated health care reimbursement cycle (all specialties), online health information digital systems and practice information management digital system software for health care and general businesses worldwide, has announced that its former subsidiary under the care of the Federal Trustee received order from Federal Court to proceed with its collection efforts on unpaid fees by many of the former clients who either refused to pay or skipped without paying company's billing collection fees.
that clients received payments directly in their office (amounts unknown). Per Trustee, PBS will get a contract to collect these bills to expedite collection efforts. This verdict further strengthens collection efforts of company's assets from its former client/board of directors.
"PPJ's legal counsel, who is representing PPJ in the State Court against its former client/director, has now been approved by the Federal Court to represent the Trustee to collect unpaid fees from its former clients, including the said former client/Board of directors who has made no efforts to pay back company assets; refused to pay billing and collection fees in excess of $5,000,000; and instead made multiple oppositions to delay and prevent PPJ counsel from being approved by the Federal Court."
Chandana Basu
PPJ Enterprise Awarded Contract With New Jersey Pain Management Physician's Group
PPJE Financials Quaterly Update filed on NOV 2011
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=37378
for PPJE trades
http://ih.advfn.com/p.php?pid=trades&symbol=PPJE
for PPJE monthly share volume report
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=PPJE&SortBy=volume&Month=8-1-2010&IMAGE1.x=0&IMAGE1.y=0
for PPJE SEC filings
http://www.nasdaq.com/asp/quotes_sec.asp?symbol=PPJE&selected=PPJEd
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