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Actually 20,000,000,000 shares are authorized as of late 2016 according to the latest Articles of Incorporation filed with the FL Secretary of State for PPJE
http://search.sunbiz.org/Inquiry/CorporationSearch/ConvertTiffToPDF?storagePath=COR%5C2016%5C1109%5C91940598.Tif&documentNumber=P14000090730
"A hundred and forty dollar sale is not dumping."
It is if the shares were bought pre-split or immediately after when they cost 100 times as much, or more. In a POS like this, it's not what price one sold at as much as what price one was snookered into buying at.
{ 8^D
Yup, just another steaming cow flop....
From that steaming cow, BaSu { 8^D
BaSu should apply for a license to grow marijuana.
She's sure got plenty of BULLSHIT for fertilizer to go around. { 8^D
I know of NO company in similar circumstances to PPJE that has taken on a Death Spiral note and survived. { 8^D
Because the Toxic financier converts portions of the debt at a discount to "the lowest trade" prior to the conversion period, it is beneficial for him to lower the price before conversion in order to maximize his profit on each conversion.
Not "suddenly". Toxic, "Death Spiral" convertibles are and have always been BAD! That's why they are called "Toxic" and "Death Spirals".
Certain convertible securities, referred to as ‘toxic’ or ‘death spiral’ convertibles, permit the persons holding the convertible securities to engage in manipulative short selling of the issuer's stock in order to receive more shares at the time of conversion. Manipulators of this type rarely get away with such a scheme without collusive, stupid or desperate company owners
Bullshit. They don't care at all about PPJE, other than the money they can make on their toxic note by buying shares at a discount to market and dumping them as quickly as possible. That's what toxic financiers do.
These death spiral financing deals are generally what crooks wind up doing in order to squeeze out the last nickle out of the SCAM.
Have fun with that. { 8^D
Please re-read the terms...
GPL has the right to convert all or any portion of the note balance at any time at a conversion price per share of seventy percent (70%) of the lowest Trading Price during the Valuation Period (as defined and calculated pursuant to the Note), which is adjustable in accordance with the Note terms in the event certain capital reorganization, merger, or liquidity events of the Company as further described in the Note.
It's NOT a "bank loan". It is "Toxic Financing", as defined below....
Used by companies that are in such bad shape, that there is no other way to get financing. This instrument is a convertible note, but convertible at a discount to the share price at issuance and for a dollar amount rather than a specific number of shares. The further the stock falls, the more shares you get. Popular in the mid to late 1990s. Also known as death spiral convertibles or floorless convertibles.
According to the SEC....
... in less conventional convertible security financings, the conversion ratio may be based on fluctuating market prices to determine the number of shares of common stock to be issued on conversion. A market price based conversion formula protects the holders of the convertibles against price declines, while subjecting both the company and the holders of its common stock to certain risks. Because a market price based conversion formula can lead to dramatic stock price reductions and corresponding negative effects on both the company and its shareholders, convertible security financings with market price based conversion ratios have colloquially been called "floorless", "toxic," "death spiral," and "ratchet" convertibles.
Both investors and companies should understand that market price based convertible security deals can affect the company and possibly lower the value of its securities. Here's how these deals tend to work and the risks they pose:
>The company issues convertible securities that allow the holders to convert their securities to common stock at a discount to the market price at the time of conversion. That means that the lower the stock price, the more shares the company must issue on conversion.
>The more shares the company issues on conversion, the greater the dilution to the company's shareholders will be. The company will have more shares outstanding after the conversion, revenues per share will be lower, and individual investors will own proportionally less of the company. While dilution can occur with either fixed or market price based conversion formulas, the risk of potential adverse effects increases with a market price based conversion formula.
>The greater the dilution, the greater the potential that the stock price per share will fall. The more the stock price falls, the greater the number of shares the company may have to issue in future conversions and the harder it might be for the company to obtain other financing.
Forget the "Air Cavalry" part, what I took for crossed swords is actually crossed arrows on close inspection after blowing up the picture.
The "oval" behind the paratrooper badge that you asked about is commonly worn when on active jump status.
All the best.
Hello DesertDrifter, sorry for your loss. Here is about as much information as I can give you from the picture.....
Your nephew was a Seargent First Class (SFC, E-7)
He was Special Forces, Air Cavalry, a master paratooper on current jump status (at the time of the picture) and apparently earned senior air crew status.
He earned, from top to bottom & left to right, the Army Commedation Medal, the Army Achievement Medal, the Good Conduct Medal, the National Defense Service Medal, the Army NCO Professional Development Ribbon, the Army Service Ribbon, the Army Overseas Ribbon, and an Expert Rifleman Badge.
Hope this helps you.
There is NOTHING here to invest in but "PLANS".
BaSu has put out lots of PRs regarding "PLANS", but they've never amounted to anything other than FOUR reverse splits totaling a 1:400,000,000 RS.
This is NOT an "investment". I've seen this pumped way too many times, only to drop right back to NO BID.
It's a huge gamble even to try to flip this for a 0.0001 profit. An RS is almost certain to come eventually in order to allow the toxic financiers to sell their shares.
"Can't tell if P&D or the volume is legitimate."
The vast majority of the volume has been at or below the Bid.
This may provide some perspective:
http://ih.advfn.com/stock-market/USOTC/ppj-healthcare-enterprises-inc-PPJE/trades
The only presence they have in Florida is a $99 per month "Virtual Office". { 8^D
Yup, a very sketchy outfit indeed.
It's just a SCAM. Just one sub penny POS using another sub penny POS in an attempt to fool the uninformed.
Do some DD and you will see. { 8^D
Once again, that's NOT proof of anything relevant. Re-posting the same old BULLSHIT over and over won't make it real. It's a CON, just like the other cons BROKEASS BaSu has pulled out of her ugly ass to try to sell more of her worthless shares.
Just read the filings....
NO REVENUE from testing means NO real testing being done.
NO EXPENSES attributed to testing means NO real testing being done.
It's not "magic". If you are performing a service for a customer, you show Revenue attributable to that service. If you are performing a service for a customer, you show Expenses attributable to that service.
"Testing" requires equipment. Where are the Capital Expenditures?
The equipment acquired would show up as Fixed Assets. Where are the Fixed Assets?
Naaahhhhh, that's not proof, it's a CON, rather merely a sample of the "CON" BROKEASS BaSu is trying to perpetrate on those who don't do REAL DD.
Read the filings....
NO REVENUE from testing means no real testing being done.
NO EXPENSES attributed to testing means no real testing being done.
It's not "magic". If you are performing a service for a customer, you show Revenue attributable to that service. If you are performing a service for a customer, you show Expenses attributable to that service.
"Testing" requires equipment. Where are the Capital Expenditures?
The equipment acquired would show up as Fixed Assets. Where are the Fixed Assets?
Basu's constant LIES have ruined this company as an investment. No doubt about it.
You can say that again. Of course, that's what comes when the CEO constantly LIES to shareholders.
Value cannot be built on nothing but the shifting sands of false promises.
"Her reply stated reducing the SS by 10 billion shares from 20bb."
Sure sounds like SOMEONE was LYING. { 8^D
Yeah, it's probably a sure thing that she didn't raise the A/S to 20 Billion just for laughs.
I think the PPJE "Picasso" was foiled today by the 0.0001 Ask. Hard to make it look like it's going up when the only way left is DOWN.
Looks like there were a few trades under 0.0001 today. It doesn't seem like that long ago BROKEASS BASU was telling "loyal" shareholders that that would never happen again, that she "put a stop to it". Just more BaSu I guess.
Ya think so?
For how long? { 8^D
And ..... That volume seems to have taken it right back to NO BID!
Seems like no one wants this POS. { 8^D
"New course", same as the old course. Issue a false PR intended to mislead new and naive investors (the PUMP). Sell as many shares as possible (the DUMP). Rinse, repeat, rinse, repeat, rinse, repeat.
Just see the past PRs and promotions and check the results for yourself.
Contact the company? LOLOLOLOL!!!
A wise man once said, "The surest way to get conned is to talk to a con artist."
BROKEASS BASU is a proven liar. Why would I want to be lied to?
Super's DD is based on the numbers as of Oct 31. The 20,000,000 A/S is as of Nov 7 and FILED WITH THE FL Secretary of State, SIGNED by BASU.
OFFICIAL - NOT HEARSAY. { 8^D
WRONG!!! PAY ATTENTION TO THE DATES....
"Authorized Shares 10,000,000,000 a/o Oct 31, 2016"
Authorized Shares 20,000,000,000 a/o Nov 7, 2016
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