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See my post #12762 from yesterday to you about having the wrong link for the interview.
"janice might know better but i believe if a settlement was reached it would be for the total lawsuit or would not be in the interest of either party"
"Even if a settlement happens at 8.5 mil. Are punitive damages in play here. If so a higher settlement amount would be possible."
"For heaven's sake. Even if Basu wins a judgment, and I'm not at all sure she will, she's not getting $26 million.
Even SHE knows that."
"The Company is seeking more than $8.5 million in damages associated with alleged unpaid medical billing fees and monetary advances made to Grewal by the company during a period dating from 2001-07."
"Hope you're right, Ed - been in this game for a long time and VNDM on the ASK and over 200M shares dumped this week alone, is normally a sign of DILUTION, and more to come."
"Just so everyone knows VFIN's short position he will not even consider covering his short position on DNAX until we break .0021 and .0025."
"Appears to me Basu is DILUTING using VNDM, been dumping all week. This should be at .0015++ by now."
"< 2% of civil cases get money awards.
When they do, the award usually gets beaten down by the judge 80%."
"DNAX GREAT INTERVIEW
http://www.dnaenergydrink.com/DNAenergy/"
Who likes 1750% profit?
There are 2 more trading days before the PPJ Enterprise v. Grewal trial resumes. Here is a list of the sought restitution for damages committed upon PPJ Enterprises by Grewal:
1) Plaintiff seeks damages for the First Claim for Relief in the amount of $2,800,000 plus legal interest since the money was taken.
2) Plaintiff seeks damages for the Second Claim for Relief in the amount of $476,000 plus interest as allowed by law for the fraudulent actions of the Defendants.
3) Plaintiff seeks damages for the Third Claim for Relief in the amount of $65,774.15 plus interest as allowed by law for the fraudulent actions of the Defendants.
4) Plaintiff seeks damages for the Fourth Claim for Relief in the amount of $10,000,000 plus interest as allowed by law.
5) Plaintiff seeks 50% ownership of the Surgery Center assets and its revenue in the amount of $10,000,000.
6) Plaintiff seeks for the Fifth Claim for Relief for recovery of the sum of $2,875,754,16 paid by mistake to Defendants.
7) Plaintiff seeks recovery of attorney’s fees and costs.
8) Plaintiff seeks a preliminary and permanent injunction for the actions of Defendants.
9) Plaintiff seeks punitive damages in a sum according to proof at time of trial.
10) Plaintiff seeks an accounting of funds received by Defendants.
11) Plaintiff seeks that the court establish a constructive trust upon the assets and accounts of Defendants.
12) Plaintiff seeks any other and further relief that the court considers proper.
(Reference: Original PPJE v Grewal Civil Complaint, http://www.scribd.com/doc/200257910/PPJE-v-Grewal)
(Reference: Current Lawsuit Case Status on the L.A. Superior Court Website: Case Number BC427192, http://www.lasuperiorcourt.org/civilcasesummarynet/ui/index.aspx?)
To add up the damages:
$_2,800,000.00
$___476,000.00
$____65,774,15
$10,000,000.00
$10,000,000.00
$_2,875,754.15
==============
$26,217,528.30 <-- TOTAL
As of right now, PPJ Enterprise is worth $1,498,865.43:
(2,498,109,057 shares outstanding x $0.0006/share)
Adding $26,217,528.30 to the value of PPJ would bring its total value to $27,716,393.73.
That would make the PPS of PPJE stock rise to $0.0111/share, or 1750% profit over the current share price of $0.0006!
Who likes 1750% profit?
Just 2 trading days before $26M trial resumes!
Friday, August 8th
Monday, August 11th
Tuesday, August 12th <--- TRIAL RESUMES!
08/12/2014 at 09:30 am in department 48 at 111 North Hill Street, Los Angeles, CA 90012
Jury Trial(18-DAY ESTIMATE(10TH CONT.))
Reference: http://www.lasuperiorcourt.org/civilcasesummarynet/ui/index.aspx?
Case Number:
BC427192
ADDITIONAL TIME FOR FURTHER TRIAL DELAYS VERY LIMITED!
"Trial Must Begin by December 2nd 2014." ---$UPERMAN
"PPJ Enterprise is in its fifth year of litigating the case against Grewel. By law, the case must be finalized by December 2014, according to attorneys for PPJE." ---Chandana Basu, Press Release from 07/03/2014
"let's all put our sell orders in at a higher (yet reasonable) price and see if this theory works and knocks VFIN off the the ask."
I am not going to suggest that marketmakers do not play games because we all are pretty sure that they do. However, I need to point out some things:
"The shorters are actually folks who have margin accounts and can Sell Short meaning they sell shares they don’t have..."
"AS I write this NITE has a bid of 1000K at .002 and an ask of 500K at .0021 on DNAX. How many normal investors/traders would have that arrangement going on?"
"It would really helpful to calm down the fear of another delay if she would release something mid-day on Tuesday saying that they've started jury selection and the trial will go on as scheduled."
"I bet Basu will post one either Monday or Tuesday...
...It would really helpful to calm down the fear of another delay if she would release something mid-day on Tuesday saying that they've started jury selection and the trial will go on as scheduled."
"I think everyone is skeptical of the trial starting after so many delays."
"Just didn't want to look like a basher"
"Perhaps I sounded negative against DNAX....I am sorry, but did not want it to look that way. I was asking my questions in a positive note, not questioning DNA's ability or it's faith."
Just 3 trading days before $26M trial resumes!
Thursday, August 7th
Friday, August 8th
Monday, August 11th
Tuesday, August 12th <--- TRIAL RESUMES!
08/12/2014 at 09:30 am in department 48 at 111 North Hill Street, Los Angeles, CA 90012
Jury Trial(18-DAY ESTIMATE(10TH CONT.))
Reference: http://www.lasuperiorcourt.org/civilcasesummarynet/ui/index.aspx?
Case Number:
BC427192
"I serriously think a buy out would come before we see them solely distrubiting nationally."
"Wouldn't you have to habe a bigger market cap than 685,000 to handle national distribution?"
"ARTICLE II, Authorized Shares, Section 1. Number: The amount of the total authorized capital stock
of the corporation shall be one billion ten million (1,010,000,000) shares
consisting of one billion (1,000,000,000) shares of Common Stock, $.001 par
value per share, and ten million (10,000,000) shares of Preferred Stock consisting
of seven million eight hundred thousand (7,800,000) undesignated shares of
Preferred Stock, $.001 par value per share, 400,000 shares of Series C Preferred
Stock, $.001 par value per share and 1,800,000 shares of Series E Preferred Stock,
$.001 par value per share,, the designations, preferences, limitations and relative
rights of the shares of each such class are as follows:"
"Several of us do post actual DD and our products in retail stores like Walgreens, Circle K etc."
"Ed i like you logic here.. i really do.. with the monster comparison.
However, ive watched a few penny stocks that deal in energy drinks that tout alot of the same information in the past.
I hope you are right, but dreams of becoming a millionaire in penny land are just dreams... yes everyone once in a great while it really does happen but you have to ask yourself... if this stock even hit a dollar for some magical reason... you telling me from these current prices you would have the balls to continue to hold on?
I mean a dollar alone owuld make me a millionaire."
"I don't mind so long as what they're doing is effective. And they're really in it to win. How do I know if they aren't just checking out?"
"I want to sell this stuff to Canadians."
"You made me happy about my .0033 average."
DNA Energy has saturated the Dallas/Fort Worth Metroplex market
DNA Energy is currently a sub-penny stock, and I have never seen anything at this level with SO much potential to become a stock trading in DOLLARS. I will continue to perform further DD research on this company, and report what I find.
However, in this message, I want to concentrate solely on what is happening in the Dallas/Fort Worth Metroplex.
First, you have to know that the D/FW Metroplex is the FOURTH largest metropolitan area in the country behind only New York City, Los Angeles and Chicago. There are roughly 7 million people who live in the D/FW Metroplex so it is a huge market.
To put this further into prospective, the entire state of Florida, where DNA Energy was started, has almost 20 million people. If DNA Energy had complete market coverage of the entire state of Florida, adding the D/FW Metroplex would represent a 30% increase in revenue potential over what DNA Energy could achieve from the whole state of Florida!
On November 26, 2013, DNA Energy released a press release to announce that they signed a new distributor agreement with Kimball Distributing in Texas.
DNA Brands Announces Texas Expansion with Premier Distributor
Kimball Distributing Agreement Covers 25 Counties Surroundng the Dallas Area - November 26, 2013
BOCA RATON, FL—January 15, 2014 (BUSINESS WIRE)--DNA Brands, Inc. (OTCQM:”DNAX”) makers of DNA Energy Drink, the winner of the 2010 and 2012 “World’s Best Tasting Energy Drink” title and DNA energy coffee announced that Kimball Distributing Inc., based out of Grand Prairie, Texas has agreed to distribute the Company’s full line of energy drinks and coffee drinks to retailers in the Dallas, Texas and surrounding areas.
“We couldn’t be more excited than to be able to announce the addition of Kimball Distributing to our rapidly expanding portfolio of quality distributors. Kimball affords us the opportunity for major growth in a market that is crucial for our success. Texas is among the top three states in convenience store sales,” said Eric Fowler, Vice President of Sales and Marketing for DNA. “Due to Kimball’s excellent relationships we were able to secure placement for our energy and coffee drinks at 108 Quik Trip (“QT”) convenience stores in their service area. QT is among the nation’s leaders in energy drink sales,” concluded Fowler.
John Cook Vice President and General Manager of Kimball Distributing, Inc., said, “We are extremely excited to have added DNA’s products to our portfolio and look forward to offering their award winning drinks to our extensive network of retailers.”
Massive news out for DNAX! The next few days will be interesting.
minus thanksgiving day. cause the markets closed. lol
This one is def heading up ---pennystockeyes
"I stopped by the office of DNA Beverage yesterday in Boca Raton...
Just 4 trading days before $26M trial resumes!
Wednesday, August 6th
Thursday, August 7th
Friday, August 8th
Monday, August 11th
Tuesday, August 12th <--- TRIAL RESUMES!
08/12/2014 at 09:30 am in department 48 at 111 North Hill Street, Los Angeles, CA 90012
Jury Trial(18-DAY ESTIMATE(10TH CONT.))
Reference: http://www.lasuperiorcourt.org/civilcasesummarynet/ui/index.aspx?
Case Number:
BC427192
"unless we get like 30 million shares slapped at the ask.. people will continue to sell into the bid as support is barely there until 18... which is where i think its going to close. i hope im wrong sooo wrong."
"i made 15 straight perfect day trades.. until this buy at 23"
"So, although I see that an A/S of 6 billion shares is pretty large, what else would you suggest that Chandana Basu do to recover from the losses that have led to the lawsuit?" --- Ed
"Well, she could have concentrated on her business, rather than on constant involvement in multiple lawsuits over the past years. She could have cut back on her lavish self-compensation." ---Janice
”This suggests that PPJ expects their stock price to be somewhat higher than the current price range, but not so much higher that a reverse split was necessary to get there.” ---Ed the Trader
”What it suggests to me is that issuances are getting out of hand. That does not surprise me.” ---janice shell
"I warned people here a long time ago about this POS scam, there is no trial, there never will be a trial, this is Basu's personal ATM. She get's the trial delayed whenever the date draws near."
"0.0005x0.0006
Never seen PPJE this low"
Just 5 trading days before $26M trial resumes!
Tuesday, August 5th
Wednesday, August 6th
Thursday, August 7th
Friday, August 8th
Monday, August 11th
Tuesday, August 12th <--- TRIAL RESUMES!
08/12/2014 at 09:30 am in department 48 at 111 North Hill Street, Los Angeles, CA 90012
Jury Trial(18-DAY ESTIMATE(10TH CONT.))
Reference: http://www.lasuperiorcourt.org/civilcasesummarynet/ui/index.aspx?
Case Number:
BC427192
CURRENT SHARE STRUCTURE
I think I finally understand the current share structure when using the numbers from the 07/29/2014 filing combined with the numbers that I got on Monday (08/04) from the transfer agent. It turns out that the numbers reported on 7/29 by PPJ are not screwed up after all.
If I put it into an outline format, it is easier to understand:
A) A/S: 6,000,000,000 (confirmed with TA)
1) Unissued: 3,501,890,943
a) Reserved (probably for Form D shares): 3,375,000,000 (confirmed by 7/30/2014 filing)
b) Unreserved (maybe for short term financing/maybe for incentive shares): 126,890,943
2) O/S: 2,498,109,057 (confirmed with TA)
a) Restricted: 1,439,134,996 (confirmed with TA)
b) Float: 1,058,974,061
The Form D filing indicates that PPJ plans to raise $5 million by getting investors to buy new shares in blocks of $10,000 minimum, presumably at some type of discount.
If we divide $5 million by the number of reserved shares stated in the 7/30/2014 filing, we get a realistic stock price:
$5,000,000 / 3,375,000,000 = $0.00148
So, PPJ needs the stock price to be above $0.0015 (and probably a fair bit above that) to be able to entice large investors to purchase $10,000 (or more) of PPJE stock at $0.00148.
This suggests that PPJ expects their stock price to be somewhat higher than the current price range, but not so much higher that a reverse split was necessary to get there.
(Reference: 7/30/2014 filing, http://www.otcmarkets.com/financialReportViewer?symbol=PPJE&id=123936)
(Reference: Form D filing, http://ih.advfn.com/p.php?pid=nmona&article=62667399)
I am guessing that either someone panicked (or needed cash immediately) and opted to get out of their rather large position well under market price OR someone dumped a block of discounted shares they got directly from PPJ in return for some earlier financing.
PPJE closed today at 0.0009 in regular trading. The transaction went through just barely in extended trading so it will be interesting to see if PPJE will open tomorrow at 0.0006 or 0.0009.
Those numbers are all screwed up and the correct term is "Restricted," not "Reserved." I just talked to the TA and they gave me the same numbers they gave me last Monday:
A/S 6,000,000,000
O/S 2,498,109,057
Restricted 1,439,134,996
That would make the float 1,058,974,061
There are only 5 months left in the year so the possible trial delays are pretty much done at this point.