Ed the Trader

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Ed the Trader

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Ed the Trader

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Ed the Trader

06/10/14 3:20 PM

Post #40590 on PPJ Healthcare Enterprises Inc (PPJE)

i threw it away it was from 2011, oh well

1) You should be retaining your tax records for at least SEVEN years as the IRS can, under certain circumstances, go back that far to re-determine your tax liability.

2) You can contact your broker and they can probably send you a new copy of your 2011 end-of-year documentation.

3) If having your tax return from 2011 will help you figure things out, you can request the IRS to send you a copy of the tax forms that you filed in 2011.

Ed the Trader

06/09/14 11:36 PM

Post #40578 on PPJ Healthcare Enterprises Inc (PPJE)

if i didn't no better it looks like a scam letter

That's because one way or another, it probably IS a scam letter.

You should call the fax number with your cell phone and see what your caller ID says.

You should contact PPJ directly by phone to determine if they sent the e-mail message.

If yes, then you should contact your broker to see if they feel this is proper.

If yes, then you should first request that PPJ return a completed Non-Disclosure Agreement (search online for examples of NDAs to use as a starting point, and then customize it to your needs from there).

Otherwise, you could find yourself as the subject of PPJ's next press release, just like grifter_24 in the 04/17/2014 press release. In that PR, PPJ used the personal information that he had provided to PPJ to attempt to see if he was eligible for incentive shares. Instead of protecting his private identity information, as one might reasonably expect, PPJ plastered it all over the Net in a PR.

You could be next!

Ed the Trader

06/06/14 6:13 AM

Post #68389 on GNCC Capital Inc (GNCP)

One-third of ALL share volume for OTC Markets on Thursday was GNCP.

GNCP share volume = 3,905,595,119

OTC Markets share volume = 11,727,235,555

Ed the Trader

06/05/14 2:41 PM

Post #40558 on PPJ Healthcare Enterprises Inc (PPJE)

I don't know whether Basu really believes she's qualified to do this stuff, or if she thinks it's better to do it herself than to have to explain things to an accountant.

But I'm sure she knows that she OUGHT to be using one [accountant].

As I've been saying all along, most people understand that bad news is part of business. No one likes it, but with every new business initiative, there is risk, and part of that risk is bad news.

However, it is better to just report the bad news when it occurs than try to ignore it, pretend it is not there, or hide it. Such character building exercises give one creditability so people will actually believe the press releases when they hint at good news, like new clients, without actually spelling out all of the details.

As it stands at the moment, because the press releases from PPJ only state that good things have occurred without ever providing any follow-up showing verifiable results, we now question everything, and don't believe any of it.

Ed the Trader

06/05/14 2:19 PM

Post #40556 on PPJ Healthcare Enterprises Inc (PPJE)

Chandana Basu, President, who is qualified to prepare the financial statements…

According to whom, other than herself?

When someone is providing unaudited financial statements to an organization that will never audit them either, it is an exercise in "check the box" to show it is done.

In such a case, anyone is qualified as long as they don't case what people say about the report in places like iHub! ; )

Getting one's financials audited is sort of the same thing for mathematics as proofreading is for preparation of English sentences. Basu's creditability has lately been benefiting from either proofreading, or else having someone else (probably Lux) prepare, the English statements in her press releases.

Basu's creditability would benefit even more if an independent accounting firm (not Lux) prepared her financial statements according to GAAP.

As a fellow control freak, I understand the tendency to think, "I can do that," but as an effective manager, it is important to realize that one should delegate to others where your own true strengths are not.

Ed the Trader

06/05/14 2:14 PM

Post #40554 on PPJ Healthcare Enterprises Inc (PPJE)

Or even convertible financing with a reasonable floor.

In this case, "convertible" always means a note convertible into stock, correct?

What would be an example, in your mind, of a "reasonable floor"?

Ed the Trader

06/05/14 2:08 PM

Post #40553 on PPJ Healthcare Enterprises Inc (PPJE)

Yup... I don't think there has been any real doubt that Grewal has the assets to pay either a settlement or a judgment.

Ed the Trader

06/05/14 2:02 PM

Post #40552 on PPJ Healthcare Enterprises Inc (PPJE)

Attorney Letter with Respect to Current Information" Published: May 21, 2014, Period End: Mar 31, 2014; filed at OTCMarkets.com

Yup... that's where I thought that came from. Thanks for the clarification, Tom.

Ed the Trader

06/05/14 10:24 AM

Post #40544 on PPJ Healthcare Enterprises Inc (PPJE)

PPJE is active?

What metric is being measured to determine activity, because nearly one hour since opening bell, and no shares of PPJE have traded yet!

Ed the Trader

06/05/14 9:50 AM

Post #40542 on PPJ Healthcare Enterprises Inc (PPJE)

Non-toxic financing?

Plastered all over iHub is the term "toxic financing." Of course, the reason that the term is plastered all over iHub is that it is so common.

This post is linked to a post that Janice Shell made to describe how toxic financing works. No surprise there... I think we all have encountered it enough that we understand it.

What I really want though is for anyone to describe how non-toxic financing would work. If there is toxic financing, then there must be non-toxic financing too, right? Otherwise, if all financing is considered toxic, then usage of the "toxic" adjective is rather redundant, correct?

Ed the Trader

06/05/14 1:05 AM

Post #40539 on PPJ Healthcare Enterprises Inc (PPJE)

Don't forget that for Basu, stock is pretty much like free money. If she can trade it for $35K every ten days, I'm sure she's more than happy to do it.

The closing share price of PPJE today is $0.0004.

Selling shares at the current market price (ignoring the discounts that would likely be given) to obtain $35,000 would involve 87,500,000 shares every 10 days ($35,000/$0.0004) and there are 30 days in a month, or 3 ten day periods. So, that is 87,500,000 shares x 3 = 262,500,000 shares of dilution per month at MARKET value.

However...

Don't forget that there is this paragraph from the 05/01/2014 PR:

The Company has been requested to provide the increased outstanding stock information; The Company has not sold stock to generate funding; the increase in stock outstanding represents payments to the maturing secured convertible notes. The Company recently increased Authorized shares to accommodate stock reservations for loans and to issue incentive stocks to the Company's long term shareholders.

I am not quite sure that I understand how "shares to accommodate stock reservations for loans" works. I am guessing that rather than selling shares outright, PPJ is using shares as collateral to obtain the $35,000 in funding in the form of loans with the idea of repayment of the loans once the trial results provides the cash to allow that. That is purely a guess on my part.

Ed the Trader

06/05/14 12:44 AM

Post #40537 on PPJ Healthcare Enterprises Inc (PPJE)

Even just getting the current share structure would be awesome as the growth in O/S would give us some better idea about dilution.

Of course, from the Nevada SOS filings, we can guess that PPJ might be burning through about 500 million shares per month:

03/20/2014:
Previous Stock Value:
Par Value Shares: 950,000,000
Value: $ 0.001
No Par Value Shares: 0 -----------------------------------------------------------------
Total Authorized Capital: $ 950,000.00

New Stock Value:
Par Value Shares: 2,000,000,000
Value: $ 0.0001
No Par Value Shares: 0 -----------------------------------------------------------------
Total Authorized Capital: $ 200,000.00

05/14/2014:
Previous Stock Value:
Par Value Shares: 2,000,000,000
Value: $ 0.0001
No Par Value Shares: 0 -----------------------------------------------------------------
Total Authorized Capital: $ 200,000.00

New Stock Value:
Par Value Shares: 4,000,000,000
Value: $ 0.0001
No Par Value Shares: 0 -----------------------------------------------------------------
Total Authorized Capital: $ 400,000.00

The only other reasonable explanation for the two-step increase in A/S is that because Basu keeps modifying what the plan is for the incentive shares, she realized after one of the latest modifications to the plan that she would need more shares to distribute than the first increase would support.

Yeah, that might be a real stretch in believability, but given how much she mangles other things, why should we think that she would estimate the correct number for incentive shares correctly the first time either?

Of course, such a reason would have more validity if anyone actually ever gets their incentive shares!

Ed the Trader

06/05/14 12:30 AM

Post #40535 on PPJ Healthcare Enterprises Inc (PPJE)

And how much stock does she have to issue every ten days in order to get that sum? Assuming, again, that there's any truth to the PR?

That is an interesting question, isn't it?

Perhaps, you could contact the transfer agent or IR agent and let us know what they report... if they will tell you anything.

Ed the Trader

06/05/14 12:22 AM

Post #40534 on PPJ Healthcare Enterprises Inc (PPJE)

The homestead exemption laws don't protect him in the state of CA

In addition to the state bankruptcy rules, there are also the Federal rules as well, and in a bankruptcy, one can choose to play either by the Federal or state rules to determine what assets one gets to retain in a bankruptcy. However, if I remember correctly, the Federal rules will not protect a $2 million house either.

In some states, the state bankruptcy rules protect one's primary residence, regardless of its value. I had thought that California was one of those states. Thanks for the correction.

Ed the Trader

06/04/14 11:26 PM

Post #40531 on PPJ Healthcare Enterprises Inc (PPJE)

Anyone know what this property is worth today?

http://www.zillow.com/homedetails/20000-Hawks-Hill-Rd-Chatsworth-CA-91311/20159073_zpid/

20000 Hawks Hill Rd, Chatsworth, CA 91311

Zestimate: $2,344,849
Rent Zestimate: $9,603/mo
Est. Refi Payment:
$9,013/mo

Bedrooms:5 beds
Bathrooms:6 baths
Single Family:7,527 sq ft
Lot:2.08 acres
Year Built:1993
Last Sold:Jan 2004 for $2,505,000

As you can see from the second Zillow link, Grewal's property extends FAR beyond the pool even though I cropped the following Google Map aerial image at the fence line:

http://www.zillow.com/homes/20000-Hawks-Hill-Rd-Chatsworth,-CA_rb/

Ed the Trader

06/04/14 10:55 PM

Post #40530 on PPJ Healthcare Enterprises Inc (PPJE)

...she will keep breaking her promises as long as the trial keeps getting delayed because everything this company has going for hinges solely on the success of this trial. A positive outcome means easier line of credit (even if she doesn't collect on the judgement initially), more capital to invest in the business (hire more staff, open up more clinics, do more marketing/advertising, etc.)...

If the press release from 2/24/2014 is truthful, PPJ now receives $35,000 every 10 days. That is a more than respectable amount of funding to grow the business if Basu wants to do so. If the PR is truthful, there is no need to wait for the outcome of the trial to grow the business.

The problem is that over (at least) the last 5 months, PPJE looks more an more like many other OTC Pinks where the CEO makes all kinds of positive announcements in PRs which are then never followed up with verifiable results, good or bad. I can accept if a business initiative does not work out in a positive manner; execution of every business expansion plan carries risk, and many do not work. What I cannot accept is when corporate management cannot confess both the successes and failures because it creates the APPEARANCE of the all too common situation where the OTC Pink CEO is just plain lying.

Sadly, appearances are more important than realities, and any good business manager knows that truth. Therefore, any excellent business manager manages the appearance of their efforts even more carefully than the reality. Failure to do this is the mark of a poor business manager.

Ed the Trader

06/04/14 10:37 PM

Post #40528 on PPJ Healthcare Enterprises Inc (PPJE)

Without a doubt, it would appear that Grewal has a very nice house. That is good for us and bad for us.

It is good for us because it indicates that Grewal has the assets to pay for a judgment against him.

It is bad for us because due to bankruptcy laws, there is no way a judgment can ever touch his primary residence, no matter how opulent. the good news about that is that his house is not his only asset. There is his medical clinic too.

Ed the Trader

06/04/14 6:10 PM

Post #40523 on PPJ Healthcare Enterprises Inc (PPJE)

TOO MANY NEGATIVE THOUGHTS ON THIS "PPJE" SITE.
GIVE THE LADY A BREAK, GO PPJE $$$$$$$$$$

Four months ago, I had nothing but good things to write about PPJ.

All of my current criticisms are a direct result of the lady's own actions or inactions. If she did not want people to be this critical, she should have planned her press releases better.

Ed the Trader

06/04/14 10:43 AM

Post #40516 on PPJ Healthcare Enterprises Inc (PPJE)

Notwithstanding, "New Clients" "New Funding" "New Lines of Business"

Most currently reported (May 20, 2014, filed) PPJE monthly revenues claimed (no audit, no review since FYE 2007) = $12,337 (2014 QTR 1, monthly average revenue).

Most currently reported average loss per month = $17,469 (QTR 1, 2014, filed May 20, 2014)

Increase in (reported) current liabilities 12.31.13 - 03.31.14 = $ 137,000

Cash on hand 03.31.14 (Statement of Cash Flows) = ($18,571) (overdraft)

Change in cash (reported cash/equivalents balance 12.31.13 - 03.31.14 = - $52,408 (Negative cash change).

Comment by PPJE: “Cash flow drastically down due to lack of adequate business ....” (ibid)

Yup... plus we have seen previous examples in other documents where Basu mangled the numbers so we don't know if these latest numbers are correct (ignoring any unknown agenda that Basu may have to "report" false numbers) are accurate as there has been no independent audit/review for seven years.

Tom, did you get these numbers from the recent OTC Markets filing?

Ed the Trader

06/04/14 10:10 AM

Post #40513 on PPJ Healthcare Enterprises Inc (PPJE)

Good job Ed - impressive research! Typing the address in Zillow give the estimated market value of the 3280 sq ft home to be $750K. Probably mid to upper class in that neighborhood. Incidentally, the house was foreclosed to lender in 1996, so she must have gotten it a great price.

I was surprised by the market value per Zillow. It looks like maybe California would have ALOT less budget issues if they got their property tax assessments more in line with reality!

I called the square footage and lot size pretty close just doing a rough measure from the map scale. I thought that was cool.

If one can find a foreclosed house where one wants to live, and it has not been so wrecked by the previous owners that any savings are negated, buying a foreclosure is a great idea. Good for Chandana if she got this house that way, although there is no way to know if she did not buy from a flipper. I have heard rumors that people sometimes buy assets at low prices and then quickly flip them for a quick profit. I wouldn't actually know anything about that though! ; )

So we know Basu is definitely not living the high life at the expense of the shareholders by any stretch of the imagination. So those shares being dumped are not all lining her pocket, but used to pay legal and misc expenses.

Well, there are tons of unknown variables there.

First, even though she has a contract with PPJ that stipulates that she is to receive $50,000 per month (plus a car allowance!), or $600K/year, we have no way to know if she is actually collecting that. If PPJ has basically no revenue, then even extracting $50K every month out of selling stock could be hard to sustain.

Second, we don't know if PPJ is paying for its legal expenses. The lawyers may be working on the basis that they get a cut of the award, if there is one, instead of getting paid a flat hourly rate as services are rendered.

Third, because there do not seem to be any up-to-date financials that make logical sense, or have been validated by an independent auditor, we don't really know what money there is, or what it might be spent on. That is a big issue here that I'll talk about more in another post.

Ed the Trader

06/04/14 9:06 AM

Post #40510 on PPJ Healthcare Enterprises Inc (PPJE)

Ba-Suit's mortgage must be due this week.

On this topic, I did a bit of checking around, and I found out some information about our CEO's personal lifestyle. I was curious to see how she lives on our dollars.

From Chandana Basu's personal bankruptcy case, filed 08/09/2010:

U.S. Bankruptcy Court
Central District Of California (Riverside)
Bankruptcy Petition #: 6:10-bk-35181-TD

http://www.freecourtdockets.com/dockets/chandana-basu-closed-6-10-bk-35181-california-central-bankruptcy-court-docket.html

I found that Basu's address is:

Chandana Basu
2225 N 1st Avenue
Upland, CA 91784

The city of Upland, California is a suburb of Los Angeles that resides in San Bernardino County.

The web page for looking up property tax for the San Bernardino County Tax Collector is:

http://www.sbcounty.gov/atc/Documents.aspx

You will find this line of hotlinked text near the top of the page:

"Pay your property taxes online - click here to proceed to the Tax Collector online payment website."

If you click on the link and you are taken to the property search page:

http://www.mytaxcollector.com/trSearch.aspx

So, I entered Basu's address:

I thought it was rather funny that the web site enforces CA Govt. Code Sect. 6254.21 to not provide the address of the property when I provided the address as the search criteria.

Anyway, the web site DID confirm that Chandana Basu is the sole owner of the house:

Looking up the house on Google Maps, it looks like this from the air:

Standing in the street in front of the house, it looks like this:

Closer in to look at the house better, it looks like this:

If you look close, behind the black iron gate, in between the two vehicles in the driveway, you can see what is likely Chandana's infamous Mercedes:

Street level views of Basu's house are from November 2011.

Aerial view of Basu's house is from 2013.

From the aerial view map scale, we can see how much 20 feet is.

From that, we can measure that Chandana's lot size is about 205 feet by 85 feet, or about 4/10 of an acre. Using the same map scale, you can figure Chandana's house to be about 40 feet by 40 feet, and with it being 2 stories, and you take away some square footage for the garage and the large roof overhang on the entrance, and her house probably is about 3,000 square feet.

The taxable value of the house is $393,299.00. Of course, taxable value is usually a good bit under market value, so let's say that the market value of Chandana's house is somewhere in the neighborhood of $400-450K.

Because the recording date of the tax record is 1996, that is probably when she bought the house. If she got and held a 30 year mortgage, she likely has 12 more years of payments.

It is possible that Basu has other properties, but because this was the property listed in her bankruptcy paperwork, this is almost certainly her primary (if not only) residence. In a personal bankruptcy, the filer is normally only allowed to retain one residence, so it is unlikely she would have listed a non-primary residence as her address in a bankruptcy filing.

All in all, I don't really see anything unreasonable here. Certainly, a $400K house would qualify as a mansion in small town middle America, but this is suburban L.A., and although that value of house certainly qualifies as a nice house, the value is not unusual for a house located in a suburb of any large metropolitan area.

Not that Chandana Basu requires it, but everything about this has my approval. This situation is not like I found that she lives in a 50,000 square foot mansion on her own private island surrounded by a gorgeous white sand beach populated by dozens of naked supermodels running around on it.

(Oh wait... that would be MY fantasy...)

Ed the Trader

06/01/14 11:26 PM

Post #40490 on PPJ Healthcare Enterprises Inc (PPJE)

IF he actually did any of that. We only have Basu's word for it, and Basu's word tends not to be very reliable.

Well no... in this case, we have the court web site, which lists the following activity:

05/09/2014 Ex-Parte Application (to set depo of pltf's
expert, etc )
Filed by Defendant

05/09/2014 Opposition Document (to defts ex parte )
Filed by Plaintiff

05/09/2014 at 08:30 am in Department 21, Robert H. O'Brien,
Presiding
Exparte proceeding - Denied without prejudice

05/12/2014 Answer (TO SECOND AMENDED CROSS-COMPLAINT )
Filed by Attorney for Plaintiff/Petitioner

If I read this correctly, the defendent (Grewal) filed an application to set up a deposition of the plaintiff's (Basu) expert witness.

Then, the plaintiff filed a document to oppose the defendant from talking to the expert witness.

Then, Judge O'Brien denied SOMETHING... I am unclear whose motion was denied.

However, three days later, on 5/12, the plaintiff responded to the defendant's AMENDED cross-complaint. So, we at least know that Grewal modified his cross-complaint against Basu.

Presumably, the defense found a new argument to add to their side of the story.

Ed the Trader

06/01/14 5:59 PM

Post #40488 on PPJ Healthcare Enterprises Inc (PPJE)

lol, yes, but the delay was also because Basu had "discovered" some accounting stuff that her own expert had supposedly missed.

Yeah, I think that is what started the delay, and then Grewal used some of the same "new" information to modify his claim as well.

Whether or not all of Basu's claims hold up in court, I think that some definitely will. Grewal stole clients (in spite of a non-compete clause in his contract), stole Basu's employees (see same non-compete clause), and stole intellectual property (which is at least worthy of an civil judgement, and is likely a criminal offense).

Ed the Trader

06/01/14 4:53 PM

Post #40486 on PPJ Healthcare Enterprises Inc (PPJE)

Judging by her disposition earlier this month, Grewel has filed a counter suit but she has dismissed his suit on the grounds that his conduct was illegal, and fraudulent, and he suffered no damages (to list just a few of her arguments in her disposition) and therefore should not be awarded any monetary damages.

Grewal filed his counterclaim long ago, as soon as she sued him. I don't think she'll have any luck at all getting it dismissed.

I think that Joe is referring to the modifications that occurred which caused the last trial delay. If I remember correctly, Grewal modified his complaint to ask for more restitution.

Ed the Trader

05/31/14 10:33 PM

Post #40480 on PPJ Healthcare Enterprises Inc (PPJE)

...AND NOTHING WRONG WITH CREATING REVENUE!

No, there is NOTHING wrong with creating revenue, and I will be the first to stand up and cheer if PPJ actually provides any creditable evidence of ANY revenue at all.

The fact is that because of the contents of the sum total of the press releases released to the public, and various documents filed with the SEC and OTC Markets, the CEO of PPJ has a serious creditability problem. We have seen enough mangled documents which contain inconsistent and inaccurate information that no one is going to ever again believe any unverifiable information coming from PPJ, regardless of content. We have already cut Chandana Basu enough slack with regard to believability, and she has consistently consumed all of that good will in a manner that does not improve the situation.

If PPJ is actually generating ANY revenue, and if PPJ management wishes to eliminate this credibility problem, then the best investment that PPJ can make is to get the finances of the corporation audited by an independent accounting firm, and then publish those results.

ANY results of such an independent examination, no matter how good or bad, would be better than the current situation, would immediately calibrate shareholder expectations with reality, would allow people to gauge the accuracy of future press releases with confidence, and most importantly, would allow shareholders to support corporate efforts to expand the business with confidence and enthusiasm. Unless such a step is taken, the default presumption is going to always be that all information released by PPJ management is untruthful.

Ed the Trader

05/31/14 10:09 PM

Post #40479 on PPJ Healthcare Enterprises Inc (PPJE)

NO DILUTION

On December 18, 2013, the price of PPJE closed at $0.0006 per share.

On May 30, 2014, the price of PPJE closed at $0.0006 per share.

On Decemeber 18, 2013, the A/S was 950 million (per Document Number 20120072204-40 filed with the Nevada Secretary of State on 1/31/2012).

On May 30, 2014, the A/S is 4 billion (per Document Number 20140354069-14 filed with the Nevada Secretary of State on 5/14/2014).

In what logical system of mathematics does a quadrupling of the number of shares, with no increase in stock price, constitute no dilution?

Yes, I know that A/S is number of shares that are authorized, and not the number of shares actually issued (that would be the O/S), but if dilution was not the intent, then there would have been no need to raise the A/S TWICE from 950 million to 2 billion and then from 2 billion to 4 billion, would there?

Ed the Trader

05/30/14 9:21 PM

Post #40462 on PPJ Healthcare Enterprises Inc (PPJE)

U GO MS BASU, DOIN YOUR THING, LIKE WHAT YOUR DOING!

GO GO PPJE, MONEY IN THE BANK! $$$$$$$$$$$$$$$$

It would certainly seem that PPJE involves money in Chandana Basu's bank.

The jury is still waiting for a court date to be fulfilled to allow them to meet to see about the rest of us.

Ed the Trader

05/30/14 3:43 PM

Post #44974 on NW Tech Capital, Inc. (NWTT)

Maybe now that May is over (with regard to trading), things will pick up again and we will see this stock get some volume.

Ed the Trader

05/30/14 3:36 PM

Post #44973 on NW Tech Capital, Inc. (NWTT)

On top of that 15 grand, a buyer would also have to pay $18,525 in reinstatement fees to the State of Nevada to reverse its Revoked status.

I am curious about how you arrived at that figure? (ie: $18,525)

I ask because there was no cited reference to explain that number, or any math shown either.

Didn't your math teachers in school make you show your work, and tell you that only partial credit would be given for correct guesses? ;)

It just seemed like a very non-round number, so I figured there has to be some story to it.

Yeah... I am bored at this minute as the OTC Markets are moving rather slow today... just like they have all week...

Ed the Trader

05/30/14 12:54 AM

Post #40444 on PPJ Healthcare Enterprises Inc (PPJE)

This will hit 0003 which I believe will be rock bottom IMO!

The good news is that your opinion cannot be off by more than 2 ticks.

Ed the Trader

05/29/14 8:11 PM

Post #40442 on PPJ Healthcare Enterprises Inc (PPJE)

Of course... as with any court case, things can be delayed... again and again and again...

However, in theory, someday there will be an actual trial.

Seeing as how the requested restitution for the damages that Grewal is alleged to have caused to PPJ Enterprises is over 26 million dollars, which is roughly 26 times the current valuation of the company, and seeing how in all of the confusion over the multiple delays in the trial date, even Basu perhaps sometimes loses track of when the next trial date is scheduled, prior to each scheduled court date, you've got to ask yourself a question.

"Do I feel lucky?"

Well, do ya, punk? ;)

Ed the Trader

05/29/14 7:16 PM

Post #40440 on PPJ Healthcare Enterprises Inc (PPJE)

PPJE sat at $0.0004 most of the day today. How long do you figure it will take to drop all the way to $0.0001?

It will be interesting to see what kind of bump we see before the next schedule court date on... hmmm... when was that?

Ok... it has been so long that I actually had to go look it up again because I could not remember:

07/02/2014 at 08:31 am in department 48 at 111 North Hill Street, Los Angeles, CA 90012
Final Status Conference((JT 7/7/14))

07/07/2014 at 09:30 am in department 48 at 111 North Hill Street, Los Angeles, CA 90012
Jury Trial(15-DAY ESTIMATE(8TH CONT.))

Ed the Trader

05/28/14 7:58 PM

Post #40432 on PPJ Healthcare Enterprises Inc (PPJE)

Thanks Joe!

Ms. Basu receives compensation of $5,000 per month, a bonus of 25% of the gross receipts of Healthcare payable monthly with a minimum bonus of $45,000 per month, six weeks of paid vacation, and an S500 Mercedes Benz (or equivalent type) car allowance covering all automobile related expenses, and annual equity based compensation of a minimum of one (1) million shares of common stock of Healthcare.

You would have thought that one could pay for their own car when receiving $50 grand PER MONTH in cash.

Also, when one receives a MINIMUM bonus, it really isn't a bonus anymore, is it?

The bonus certainly is not performance-based as one would expect that a bonus should be.

Oops... correction. The bonus is not performance-based when measuring performance in any way that would be good for shareholders. I am sure that when measuring performance with metrics which measure what is good for Chandana Basu, she is hitting home runs.

Ed the Trader

05/28/14 3:19 PM

Post #40426 on PPJ Healthcare Enterprises Inc (PPJE)

Someone really ought to clean out the PPJE iBox. Almost all of the information listed there is now out-of-date, to the point that much of it is misleading because it is so incorrect.

Ed the Trader

05/28/14 3:16 PM

Post #40425 on PPJ Healthcare Enterprises Inc (PPJE)

I wish I could remember where I read that blurb about how Basu is entitled to a specific model of Mercedes (or better).

Ed the Trader

05/28/14 2:46 PM

Post #40423 on PPJ Healthcare Enterprises Inc (PPJE)

She better be buying at these prices..

Well, according to corporate documents, Chandana Basu is buying... or more specifically, PPJ Enterprises is buying for her the Mercedes-Benz that she is given as part of her compensation.

That is what you meant by "buying," right?

Ed the Trader

05/22/14 7:31 PM

Post #40405 on PPJ Healthcare Enterprises Inc (PPJE)

Grifter stated he wasn't eligible but tried anyways,
and that has no bearing what so ever on that PR.
Not even worth talking about, imo.

Quote: 2) It is prudent to contact the relevant regulatory agencies to request a sanity check before one agrees to release personal identity information to a requesting corporation.

3) Basu's 4/17/2014 press release is ample demonstration of why point #2 is true.

Looks exactly like saying DO NOT SEND INFO, Ed!

If a corporation asks for personal information for a specific purpose (and presumably, they provide that purpose or you would not consider it), and if you contact the relevant regulatory agency for a sanity check, and if that agency informs you that the requested information cannot be used for the purpose which the corporation provided, then YES, I am saying do not send the requested information. In that case, the request for your personal identity information is either a scam (leaving you open to identity thief, identity fraud, or identity defamation) OR the request for your personal identity information will be used by someone who is incompetent with regard to what they wish to attempt (eg: provide an unusual stock distribution).

I am not saying that such a case applies to PPJE. I am only saying that people should perform the due diligence steps to determine if it does, and I am saying that such steps are prudent if ANY corporation requests personal identity information of their shareholders.

Given Basu's track record (see point #3 above), even then I would require Basu to sign a non-disclosure agreement before I provided personal identity information, just to reinforce in her mind the concept that my identity information is private, and I expect her to guard it accordingly.

Ed the Trader

05/22/14 2:13 PM

Post #40393 on PPJ Healthcare Enterprises Inc (PPJE)

I aint concerned about any of that crap, Ed.

Company has had my info for years now, no worries.

PPJE will treat true longs right, see how it goes.

All I am trying to convey is that:

1) It is an unusual circumstance for a corporation to need to request personal identity information from its shareholders.

2) It is prudent to contact the relevant regulatory agencies to request a sanity check before one agrees to release personal identity information to a requesting corporation.

3) Basu's 4/17/2014 press release is ample demonstration of why point #2 is true.

4) I am not telling anyone to not provide requested information to a corporation. I am only pointing out that I am quite sure that grifter_24 felt exactly the same way as $UPERMAN on 4/16/2014.

Ed the Trader

05/22/14 1:45 PM

Post #40391 on PPJ Healthcare Enterprises Inc (PPJE)

Shareholders Incentive Updates: The Company is updating its shareholders regarding the guidance it received (verbal) from the SEC Chief Counsel's Office that long term shareholders may be eligible to receive their incentives as freely tradable shares!

Well isn't that a pleasant turn of events, LOL. Go Longs

Just make sure you remember the rest of that paragraph:

the Company security counsel Mr. John E. Lux stated that each case needs to be handled carefully and provide proper Opinion Letter to comply with SEC Rule 144(a)(3) and tack to provision SEC Rule 144(d)(i). The Company will contact shareholders for necessary documents. The Company will assess share value based upon the final calculations since the Company will be giving lot more shares than promised.

So, it appears that PPJ is going to ask shareholders to complete more paperwork. I note this to remind you that Basu was only able to identify grifter_24 in her infamous 4/17/2014 press release (http://www.otcmarkets.com/stock/PPJE/news/PPJ-Enterprises-Updates-Its-Shareholders?id=79160&b=y) by improperly using the personal identity information that grifter_24 had provided in paperwork requested by PPJ.

Prudence would strongly suggest contacting both the SEC and FINRA to inquire about the validity of any requests for personal information from corporations about their shareholders.

Ed the Trader

05/19/14 1:37 AM

Post #40318 on PPJ Healthcare Enterprises Inc (PPJE)

"This stock is a soap opera!"

As the Basu turns... ; )

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