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got to admit this is a great day!!
Has anyone else noticed how bad volume has gotten for OTC?
In January and most of February, volume must have been wonderful because things were cooking very nicely. In late February, things slowed down, and on the last day in February, overall OTC volume was 27 billion shares traded.
Volume has been falling since then, and today, volume was only one-third of what it was at the end of February (9 billion shares traded).
Does anyone know if historically, this is a seasonal thing, or if there is something really horrible going on (besides the on-going problems in Ukraine, new OTCQB rules on May 1, and tax filing time three weeks ago)?
Though some are reluctant to admit it, enforcing the TOU is an art, not a science.
Are you speaking English?
So this incentive they offer for pumping, is it tax deductible?
Conjugal Visits? Send in the hookers!!
Wages. You mean I should be getting paid to do this?
Sorry for the problems I caused by messaging one person here something about cat pee.
Ed, clever cartoon. i hpoe I ddint haev oto nyma yteos orf oyu oot aerd.
Let me our a day early please. I'll be good and stuff.
If you have gone to post and see the red alert saying "Your account has been suspended. You can only post to the Jail," then you are in the right place.
Maybe she has turned the corner and is looking for shareholders best interest or maybe not.
You can buy and sell as much AXLXD as you want (although you may have to call your broker to do it).
However, what you cannot do is sell shares of AXLX until they have been converted to shares of AXLXD. Your broker can (eventually) tell you when this conversion will occur for any shares of AXLX you were holding before the reverse split.
Unless AXLX shareholders who held through the Reverse Split are with Fidelity...
Companies sometimes have to undertake a reverse stock split to avoid being delisted from the exchange they are traded on. Most smaller companies are listed on the NASDAQ exchange, and the NASDAQ has a $1 minimum price.
Big bids showing up on PPJE and, some nice buying EOD. Thinking we're turning a corner here.
I've contacted OTC Markets and they were concerned about shareholder information being made public and were going to look into taking it down from their site and their dissemination
It's funny that the stockholders think they are going to be rich when basu wins her judgement. If she ever collects anything, she will surely keep it all to herself.
Hey, I know some highly literate geeks.
If she can "do wonders on the computer", why did part of the most recent disclosure statement, obviously complied by her, end up in Greek?
Why did she hand write another disclosure statement? A real computer geek does everything on the computer.
for court proceedings supposedly confidential, there sure are a lot of self-proclaimed experts here who spend too much time analyzing what they cannot know anyway.
how about if this company just trades higher for a while and everybody leave everybody else in here alone for a change.
Grewal did nothing to bankrupt her. She declared Chapter 7 when she was hit with the Soloniuk judgment. And was denied relief from that judgment by the Ninth Circuit Court of Appeals.
Quote:
lol. wow! look at that ask. $2.24?
I did not even check to see if what you said was true because I know it was not.
No disrespect if it was true. LOL!
If you go back in the message log, you will see that grifter_24 stated publicly (to anyone reading messages posted to this forum) that he would simultaneously contact ALL of the people involved in the lawsuit. This included not only Basu and Grewal, but each of the attorneys. He was doing this for the benefit of EVERYONE on this forum (and planned to share what he learned) because we had all gotten very weary of Basu's lousy communication attempts, we were tired of being left in the dark, and we all wanted to know what was going on.
Chandana Basu brought this on herself due to her failure to communicate effectively with shareholders in the PRs that were released. Half facts which are non-verifiable of the type that Basu provided in her PRs are what someone spends cash upon for a quick flip of an OTC Pink rising a point or two in a day or two. That level of information is insufficient to justify staying long in a stock for months until the next court date occurs.
What I really think is the problem here, if we accept Basu's account of what occurred regarding Grewal, is that he was a trusted person in her life, and he used that trust against her to steal her clients, steal her technical staff, steal her intellectual property, steal her money, ruin her professional reputation, come very close to destroying her corporation, and come very close to bankrupting her personally.
If someone did that to me, they would be VERY lucky if I did not put a bullet in their brain.
I think that as a result of her experiences with Grewal, Basu has a very large blind spot in her ability to exercise good judgment regarding anything that involves Grewal, and I cannot say that I would blame her.
I cannot fathom any other reason why Basu would have committed such a boneheaded move as issuing last Friday's PR. Any rationally thinking person would have realized that such a PR would only damage PPJ Enterprise as well as Basu's personal reputation with regard to the ability to exercise good judgment.
The only other rational explanation I can consider is that Basu wants to drive the price of PPJE down for some unknown reason. Because of the obvious degree of long term damage last Friday's PR has done to PPJ, I cannot see this as being the most likely explanation.
I think that Basu's blind spot in her ability to exercise rational thought means that Basu just automatically thinks that any contact from anyone to Grewal means that such person is working with Grewal against her.
I suspect that is also why she has failed to name any of her new clients or partners. If she names them so that Grewal can learn their identity, she leaves herself vulnerable to his potential mischief.
However, even if her paranoia has basis for respect, that is not the problem of a prospective shareholder, and she deserves no free pass with regard to spending other people's money. Failure to communicate verifiable "facts" regarding the state of the business will continue to hamstring any efforts she wishes to undertake to grow her business with long term shareholder support.
Probably, the best course of action for Basu, if she wants to regain trust of shareholder and prospective shareholders, is to pay for an independent, highly respected accounting firm to audit PPJ's finances on a MONTHLY basis, and let the accounting firm release the results in some public form. That way, her connections with her clients and partners are protected against Grewal's interference, but shareholders can still be confident when Basu suggests that PPJ is actually growing again as a business. If I remember correctly, one of PPJE's PRs about funding stated that the financiers would pay for such financial examinations. Now, Basu just has to execute...
Teachers do not get paid that much. I can guarantee you that you could find at lest one English teacher at every single school would be very willing to proofread a document for $50.
Could someone explain to me why parts of the annual report are in Greek??
http://www.otcmarkets.com/financialReportViewer?symbol=PPJE&id=118830
1)
As to the second part, no, I didn't misread. She says he "stole" money from her, and in practically the same breath she says she lent him money that he didn't pay back.
...do you mean this?
During a court trial between Ms. Chandana Basu and Dr. Grewal in 2009 where Dr. Grewal claimed that the company did not pay all money due him and sued Ms. Basu for $3,000,000. At that time Ms. Basu provided the court with 7 years of accounting review that revealed Dr. Grewal was paid in excess of $3,204,919.14 over and above due Grewal. Ms Basu won the trial in that case but Judge ruled that the Company must sue Grewal to recover the money. Later that year by a detail analysis with original books and records, the company came to concluded that Grewal received $3,204,919.14 by scam and other various fraudulent actions.[\i]
That is a very unclear description of a court proceeding. So far, I've been unable to find any trace of it. In what way did Basu "win"? Was it merely that Grewal failed to present convincing evidence of his allegations?
It doesn't help that Basu almost never notes what court the various cases she's been involved in were brought. It's also not clear whether Grewel sued Basu herself, or the company. And so on.
She claims that the amount involved was nearly $3 million. Let's look at what was going on with the company in 2006. I choose that year because at least there's a 10-K for it; their filings then became extremely spotty until they finally filed a Form 15 to deregister their stock. And they constantly restated financial statements. Why shouldn't those restatements have turned up what Grewal was supposedly doing?
Revenue for the year ended December 31, 2006 were $ 1,011,644 compared to $ 1,565,262 for the same period in 2005. It seems to me that if Grewal had been cheating on the scale Basu alleges, it would have been noticeable.
From Court Document: 19. Defendants (meaning Grewal) also requested that Plaintiff (meaning PPJ Enterprise) advance funds to Defendants to start a surgery Center, which was to cover initial operating expenses and payment of taxes. Defendants did not pay back the money to Plaintiff.
Do I have this right? Basu confronted Grewal, stating that he'd received more money than he was owed. He said he'd do an accounting. He didn't repay her, but she agreed to lend him money to open a surgery center?
I mean the man has offered to settle no?
Has he? All I see is that he's counterclaiming.
AS does not show 2.5 Billion. Where do you see that?
http://www.otcmarkets.com/stock/PPJE/profile
Yes, we have learned one VERY important fact about iHub today. Your favorite ticker does NOT have to be performing well to end up on the Breakout Board. PPJE is now #1 on the Breakout Board and running about 2.5 higher than its nearest competitor based solely on the fact that there are SO many more posts on the PPJE forum today compared to what was running on the forum previously. It looks like the spots on the Breakout Board are determined solely on the basis of the ratio between previous rate of postings and the current rate of postings. Forums that have small traffic, and before today's PR, postings on PPJE had slowed to almost nothing for day, that suddenly spike with huge traffic go straight to the top of the Breakout Board. Now that we all know how the Breakout Board works, it would be possible to use that information to send any ticker to the top if enough people who regularly post to one forum decide to cooperate (ie: take 2 or 3 days of break on posting, and the post like mad right afterward). If the posters have something good to say about the stock, lots of people would see it routed from Breakout Board, and that would drive volume into the stock which is usually very, very good for a stock.
Ok, I know that we all sometimes get sloppy on these forum boards, but shouldn't a professional editor know the difference between "new" and "knew"? ; )
(You know... cause you haven't gotten enough piled on you yet today! hehehehe)
(If the day gives you lemonade, you have to figure out how to giggle anyway, right?) ; )
The thing is that grifter_24 didn't unduly bash PPJE at all. I've read everything he has written here since January... as it was happening... and he was only raising the same issues that all of us were raising. He did get a bit whiny after the first trial delay this year when he thought that PPJ should have gone forward with the scheduled trial instead of postponing to look at some new evidence. However, he had waited for a long time for the trial, and had invested much energy in explaining to many others, including myself, why the lawsuit could be a very good thing for PPJE shareholders. So, we can cut him some slack for being more disappointed than most.
Aside from that, he simply asked the same questions that we were all asking as the various issues came up, mainly from stupid actions from PPJ.
There was no unreasonable, excessive, or undeserved bashing from grifter_24 at all.
Is it safe to say that today's release didn't have the intended effect on the share price?
I had even contacted my broker before I did it and they said that was strange.
I cannot imagine ANY competent attorney telling a client that it was a good idea, or an acceptable action, to expose the client to the possible liability to which this morning's PR left PPJ exposed simply to gain the ability to inform a small group of anonymous posters here on iHub that grifter_24 is a problem. No, I have to figure that Chandana Basu issued this morning's PR all on her own without consulting anyone else about it.
If you have not already gotten it, you are going to need legal council. In spite of what I said in my earlier post, and I still stand by what I said there, you have grounds to at least explore your own lawsuit due to this morning's PR, and for that you need an attorney. Good luck!
Ha! I'm just repeating what others (mainly $UPERMAN) have stated on this forum. FINRA may not like it, but what I've been told is that PPJ has promised extra shares for those who held long during the period of reverse splits years ago. I've only held PPJE since January, so I certainly would not qualify for any such long term reward of additional shares.
Inquiring about the possibility that all CURRENT shareholders would qualify is apparently part of what caused grifter_24 to be featured adversely in this morning's PR. I take that as some additional indication that PPJ is not planning on giving extra shares to current shareholders.
Of course, it seems that PPJ has also been asking people for their personal information as part of the process to figure out how to distribute incentive shares, so it seems to me that PPJ has no idea what the correct process (or the limitations of that process) might be.
The company must send a corporate action request to FINRA, and FINRA must process it. And the dividend must be paid to ALL shareholders.