Excellent clarification, grifter_24. If I were you, I would make sure that Chandana Basu reads those words... and you might also figure out how to seek a public retraction of hers.

Yup... that seemed like the correct fact to me too.

I received 2 million shares of USEI as a dividend for the shares that I held on the correct eligibility date. No one asked me for ANY information, and in fact, no one contacted me at all. The shares just appeared in my account.

So, if PPJ has been asking shareholders for information, then they are going about the process in the wrong manner. There is a process, and I certainly do not know what it is (but I know that it exists by virtue of having received my shares of USEI), such that a stock issuer can reach out to all shareholders of record on a certain date, and issue additional shares to those shareholders. It should not matter if you are still holding any shares after the chosen date. If you were holding shares on the chosen date(s), you should receive the extra granted shares.

From the 03/24/3014 press release (http://ih.advfn.com/p.php?pid=nmona&article=61565931):

One simple way which Chandana Basu and PPJ could regain some creditability is to use that extra billion or so shares of authorized shares to get the incentive shares into the accounts of those due them as soon as possible. Seeing that the 3/24 PR suggested that this would occur before the new July 7th trial date, I hope that this task is at the top of Basu's to-do list.

Having the SEC execute a halt on PPJE would only harm all of the shareholders as post-halt the ticker is forced to Gray Market never to return even to OTC Pink. In the Gray Market, trading volume goes basically to zero which means that either you sell your shares for close to nothing, or you cannot sell them at all... ever.

Although Chandana Basu is also a shareholder, in the event of such a SEC action, to protect her own interests, she would simply start a new corporation with a new ticker using the same assets that the existing company currently has. The very best outcome that current PPJE shareholders could hope for is that Basu would grant current PPJE shareholders some shares in the new corporation. However, that would be highly unusual. In most cases of a SEC halt, the shareholder positions are completely wiped out.

In order for the SEC to take such an extreme measure, there would have to be evidence of something illegal or unethical. Presumably, Basu feels that she has evidence from her contacts with grifter_24 to back up the claims in this morning's PR, or else the PR would not have been issued. Unfortunately, misunderstandings can easily occur via e-mail when robust usage of the English language is not practiced. Because voice tones and body language and facial expressions that we all use so much to accurately understand someone's intent are absent in text, misunderstandings with regard to intent of the sender are common. The natural tendency is to interpret someone's e-mail communication in the worst possible way even if that was not truly the intent of the sender. To cover herself against even the appearance of any insider hanky-panky, Basu likely felt there was no choice but to go public with a PR.

This morning's PR was crude in its form, and pretty tacky from any viewpoint, but it does cover Basu's tail against the very real potential that the SEC would take adverse action against PPJ if there continued to be any potential of the appearance that anything improper might be occurring between the corporate officers of PPJ (of which there is only one, Chandana Basu) and one or more of PPJ's shareholders. By going public with the PR, she is making it clear that she has no intent to hide anything that might later be misconstrued as improper.

grifter_24 has been very helpful in locating useful information about PPJ, so I regret that this event has occurred. I doubt that he intended anything harmful or malicious. However, I also understand where Basu must guard against the appearance of wrongdoing. It is an unfortunate situation. I hope this does not ultimately effect PPJ in an adverse manner.

A short while back, someone posted the link to a copy of the handwritten document which was request to OTC (or some agency?) to delay filing PPJ's annual report. I thought that that document stated that the expected date for Basu to get the filing completed was April 15th (which is today). The reason that the date sticks in my head is that I thought is was strange that Basu would choose to set herself up with a new filing due date which was the same date as when personal tax returns are due. However, maybe she has someone handle that for her, or she was an early filer so her personal tax paperwork was already completed.

I am not sure what "day 10" references (although I am quite interested to find out), but I can tell you that about 2.7 million of that 4 million is what I just bought... @ 0.0011.

It seems to me that we, more or less, now have a floor for share price, so it seems like a good time to buy.

Fortunately for me, others disagreed so I got their shares...

However, that would mainly be true because a financial adviser would typically be suggesting that you invest heavily in blue chips and mutual funds, and that you should be happy to get the 5% annual gain from those investments.

This is bargain basement, pink swampland, and anyone who knows what they are doing here realizes that one might lose everything... but making 20%, 30%, 40% 50%... 100% 200% in one month, or one week, or one day, or 30 minutes is not that unusual.

I've made money on PPJE, and I've lost money on PPJE... and I fully expect to do more of both in the future. The important part is to make more than you lose.

To whoever opted to bail out, thanks for the 11's today. :)

Maybe Epazz will acquire PPJ Enterprise?

http://ih.advfn.com/p.php?pid=nmona&article=61816829

"Medical Billing Software Company in the West U.S."?

PPJ is a medical billing software company.

PPJ is based in western U.S.

"unaudited revenues for 2013 were over $600,000"?

PPJ's accounting is unaudtied.

PPJ MIGHT have annual revenues of over $600K.

Sounds enough like PPJ to me to wonder...

I do have to agree with blademan here. Volume is VERY low right now on OTC overall:

Date $ Volume Share Volume
04/08/2014 $ 977,371,202 16,773,809,041
04/07/2014 $ 840,064,091 18,590,846,906
04/04/2014 $ 932,753,639 18,223,362,847
04/03/2014 $ 921,216,763 19,308,692,103
04/02/2014 $ 819,033,931 20,446,851,192
04/01/2014 $1,051,815,363 18,081,123,827
03/31/2014 $ 976,117,077 18,073,312,473
03/28/2014 $ 957,879,044 20,018,801,616
03/27/2014 $1,086,832,664 25,526,824,120
03/26/2014 $1,085,609,136 24,925,795,095
03/25/2014 $1,258,122,963 20,076,662,096
03/24/2014 $1,048,323,082 25,649,362,114
03/21/2014 $1,126,915,409 19,318,090,950
03/20/2014 $1,022,031,135 22,839,577,356
03/19/2014 $1,169,486,734 22,950,643,612
03/18/2014 $1,628,134,550 21,230,656,005
03/17/2014 $1,458,367,242 19,168,909,435
03/14/2014 $1,615,748,568 18,396,214,123
03/13/2014 $1,448,292,405 16,073,348,152
03/12/2014 $1,745,515,065 17,460,710,904
03/11/2014 $2,667,578,392 17,757,248,103
03/10/2014 $1,260,295,617 18,610,312,292
03/07/2014 $1,569,217,987 18,924,816,227
03/06/2014 $1,895,484,423 19,419,706,481
03/05/2014 $1,449,702,378 18,541,385,320
03/04/2014 $1,412,123,306 20,310,025,964
03/03/2014 $1,228,987,201 24,701,274,590
02/28/2014 $1,559,804,452 27,353,378,605

It could be that people are too busy getting their taxes in order to have time to trade stocks.

It could be that people are nervous about the upcoming changes in the OTC rules and they do not want to be caught holding OTC stocks when the rule shakeout occurs.

It could be something else completely different.

However, share volume for the OTC market is WAY down right now, and stocks with no real news, like PPJE, are going to be largely ignored until volume returns to the overall market. Then, we will likely see a return to the 5-ish basis point daily spread on the stock price that we saw earlier with a slight downward trend until the time to the start of the trial gets shorter.

As long as Chandana Basu does not screw all of us with a reverse split before then, those who continue to hold should be fine soon enough.

That is the problem. The shareholders have been left in the dark, so prudent behavior leaves us with no choice but to act as if the value of the new funding is resulting directly in dilution (multiplied by some discount factor of the shares given to the Lender/financier).

If there was some indication of increased (or any) business that would drive justification for increased share price, no one would mind the dilution as the long term increased share price would compensate shareholders. However, we have been left in the dark regarding the new line of business involving the clinic analyzer partnership. We have also been left in the dark regarding any real information about the new Houston pain management client.

If there was some indication that the lawsuit would EVER be resolved with a decent probability of PPJ acquiring sizable compensation for its previous losses that would drive justification for increased share price, no one would mind the dilution as the increased share price would compensate shareholders. However, all we see there are delays again and again.

When asked earlier about what restrictions are going to be placed on shares given to PPJ’s new financier, Chandana Basu stated that she THINKS those shares are restricted for one year.

If she had nothing to hide, she should have verified this reality, instead of responding with what she thinks, and she would have reported that reality to shareholders… in a press release.

The fact that she could not say with certainty what the restrictions are either means that she did not want to actually state the facts (and instead, she intentionally blurred the facts with the phrase “I think”) or she does not care enough about shareholders to KNOW what impact her business decisions are having on shareholders.

I can forgive that she might not remember such a detail from memory; I cannot forgive that she did not think it important enough to verify before responding to the e-mail query from the shareholder who wrote to her.

PPJE is an OTC Pink Sheet stock, and that means that we cannot trust ANY filing that PPJ files because it has not been independently verified. Therefore, prudent logic dictates that if Chandana Basu wants shareholders to believe her company’s story enough to support it long term, then she must provide enough information to shareholders such that they may develop some confidence level that the story is accurate. That means that she must provide shareholders with enough information to verify that story to some reasonable degree.

Without such verification, prudence suggests that a shareholder should expect the worse case scenario, which would be dilution of share price to $0.0001 through dumping of discounted shares provided to PPJ’s new financier in combination with no news which would justify increased share price. Of course, this would be followed by a reverse split to basically wipe out existing shareholder’s positions so that PPJ can continue to gain new funding later.

I hope that Chandana Basu is aware that the new OTC rules will not allow her to reverse split her company into the OTCQB exchange (where her earlier press release indicated that she wishes to take PPJ). If a company does not maintain a stock price of $0.01 or higher, that company is dropped from the OTCQB exchange. PPJ will have to drive the stock price to over one penny, and keep it there on merit of the company’s performance (because the price gain from a reverse split is very temporary without merit to keep it high) if she wants to move PPJE to the OTCQB exchange.

(Just corrected my mistake regarding OTCQX versus OTCQB)

References:
http://www.otcmarkets.com/content/doc/otcqb-fact-sheet.pdf
http://ih.advfn.com/p.php?pid=nmona&article=61192974

So, seeing as how PPJ has not actually filed an annual report with OTC, but instead, only filed a form to obtain an extension to file, that is good enough to shift from "OTC Pink No Information" to "OTC Pink Current." They don't even require a filing to become current, just a form that suggests that the filing will be coming "shortly."

Don't you just love life in the pink world? : (

I have not performed either of those activities. I would suggest first giving Basu an opportunity to provide the correct identity of the new client rather than querying some medical business located in Houston just because their business is similar to what we think may not be the correct proper noun name of the new client.

1) If you are attempting to match up a medical business website with an exact match for "Houston Pain Management Physician's Group," your cited website does not match:

"Houston Pain Management" (the website) <> "Houston Pain Management Physician's Group" (new client cited in today's PPJE PR)

2) If you are attempting to match up a medical business website with a strong match for "Houston Pain Management Physician's Group, "I will point out that the Houston metropolitan area is a VERY large place, and there could be many near, but not exact, matches.

Hey grifter_24, can you (once again) post the URLs for the locations of court documents that you have uploaded?

So, let me get this straight. We are suppose to believe that 3 years ago, PPJ received a contract from the New Jersey Pain Management Physician's Group:

http://www.marketwired.com/press-release/ppj-enterprise-awarded-contract-with-new-jersey-pain-management-physicians-group-pinksheets-ppje-1500757.htm

and now, PPJ received a contract from the Houston Pain Management Physician's Group:

http://www.marketwired.com/press-release/update-ppj-enterprises-awarded-contract-with-houston-pain-management-physicians-group-pinksheets-ppje-1895310.htm

and we are suppose to believe that the only difference in the names of the two clients is that "Houston" is substituted for "New Jersey"?

Just how many businesses exist with such a convoluted name?

Of course, if Chandana Basu could have actually proofread her own press release before issuing it yesterday, we likely would not be having this conversation about "New Jersey" versus "Houston." The story, according to $UPERMAN is that Marketwired release the wrong press release. Well, where is Marketwired get a copy of the wrong press release in the first place? Out of thin air? Of course not... Marketwired got a copy of yesterday's "incorrect" press release from PPJ.

I will be confirming the actual existence, or lack of it, of BOTH the New Jersey Pain Management Physician's Group and the Houston Pain Management Physician's Group. Adverse results will be reported to the SEC, and the Attorneys General of the states of California and Nevada.

--- 3/31/2014 PR

The reverse split MAY be rescinded... or it MAY not be rescinded!

Seems that prudent folks would expect more definite news than that to want to buy this stock. Flip a coin... heads, and you are ok... tails, and you end up losing almost everything.

Even though this is what their web site says, they don't really mean it.

Interactive Broker and SureTrader will allow you to short penny stocks, but not sub-pennies like PPJE.

Some of the funds in your account are also held "hostage" (typically about $2/share) to short those low value stocks.

Oh... and you need something like $25K minimum to open an account with Interactive Broker, but only $500 for SureTrader.

Either way, you are not going to be able to short sub-pennies, and there are probably better shorting opportunities than pennies or sub-pennies available if you already have roughly $2/share available for shorting.

It is now 5:47pm Eastern time, and sometime in the last hour, today's PR finally showed up on Etrade. Again, I have no idea why there was roughly a five hour delay, but there was...

The trial delay was not released TO THE PUBLIC on the website until after market close on Friday. I can guarantee you that all trial parties were informed long before then.

Regardless, I can forgive PPJ not getting out a press release on Friday, let alone before market close on Friday. It DOES take some time get a press release issued even once one knows that they want one.

A press release still should have been issued before market open today (Monday). No one should have been wondering into iHub here not sure why there was a sudden drop in share price.

$UPERMAN, thanks for pointing me to the press release that was issued finally at 12:05 eastern time. In addition to releasing it on OTC Markets, it was released though Marketwired. As best I have been able to determine, Marketwired and Marketwire are the same news service. So, what I do not understand is why today's press release did not show on Etrade. The last 3 press releases from PPJ (and several before that) were all issued through Marketwire, and they all appeared on Etrade because Etrade follows Marketwire. However, for some reason, today's PR is not there. Because all of PPJ's PRs have been on Etrade for months, I'd been looking for a new PR since last Thursday, but I've been looking on Etrade because they all have appeared there before. I don't know what happened this time...

Basically, PPJ asked for 50% of the value of the $26 million lawsuit to agree to a settlement. That is pretty standard as an opening suggestion for a settlement amount. Grewal countered with what Basu describes as "a negligible amount" which probably means something less than a million dollars... maybe WAY less.

PPJ's current market cap is $634,400 (with a stock price of $0.0016).

Yes, yes, YES! Please deal with PPJ's business plan! When will the first analyzer be operational in the partnered clinic. Why have we received no news on the progress of this business plan which was reported quite some time ago? Getting such a diagnostic analyzer operational should only take days, not months.

CEO Basu was all excited about adding a new line of business, as stated in the press release from January 29th:

http://www.marketwired.com/press-release/ppj-enterprise-ppje-pk-adds-new-line-of-business-pinksheets-ppje-1873668.htm

Since then, nothing...

If PPJ cannot even deliver on this simple of a plan, why should shareholders have faith in anything more complex?

If the analyzer IS operational, then hooray! In that case, why is not PPJ raising the roof in celebration in at least one press release?

On what business plans do PPJ intend to execute AND report progress to shareholders? I'm not picky; choose ANY reasonable plan, execute it, and let the shareholders know that it is being executed, and what the results are.

I have picked up 4 million shares @ 0.0016 so far...

From the court's own website:

03/21/2014 at 08:30 am in Department 48, Elizabeth Allen White, Presiding
Ex Parte Motion - Granted

That would be 8:30am Pacific time.

The web site was not updated until after market close on Friday, but the actual court decision to move the trial date occurred at 11:30am Eastern time.

If the outstanding shares really is only 396.5 million shares, I now own nearly 3% of PPJ. I wonder if I got most of the folks who follow PPJ here on iHub to join me in a coalition, if we would have a majority of the shares in this corporation.

Interesting thought, isn't it, of the possibility of a hostile takeover of a company currently worth $594.8K, but potentially worth $26+ million from the lawsuit?

Does anyone know if there are additional classes of stock issued by PPJ, because if not, common shares should allow shareholders decision making about who occupies the board of directors positions.

He has a valid point. Sure, anyone can go look at the court website to determine if the trial has been delayed. However, the trial is a very important event for PPJ, and if something significant is occurring with regard to the trial, PPJ should be notifying ALL of their shareholders through the use of press releases. Not every shareholder of PPJE is going to be here on iHub looking at what others say, and not every shareholder of PPJE is going to know that the court website even exists. A well-managed corporation notifies its shareholders, via press releases, when something... good or bad... of significance occurs. PPJ failed to do that this time. Even if they release a press release NOW, they are already too late. The court web site was not updated until after the market closed on Friday, and yet the filings to gain the continuance were filed and approved during the business day on Friday. If PPJ could not have gotten out a press release on Friday, that is understandable. However, PPJ's press release of the delay in the trial date should have occurred before market open today, and nothing has yet been issued.

Would someone use the right shoe or the left shoe for that purpose? ; )

I remember when you posted that copy of your e-mail message which you sent to both attorneys.

However, I do not remember ever seeing any indication that you received any responses from anyone. What did the responses state?

Hehehe... sounds like an attempt at market manipulation on both sides, and the market makers won (big surprise, right?) in their attempt...

We are now beyond the point of "big future plans" having real impact on those who have been paying attention. Sufficient time has now passed that there should be some financial results from the installation of the blood analyzer that PPJ was placing in the doctor's clinic with whom they have partnered. PPJ should reporting initial results of that venture. Even if the results have been small, ANY actual results coupled with projected growth estimates, would given us some reason to think that PPJ is expanding the company.

Considering that some silly pot stock with no product, no revenues, and no real business plan can easily do a 4-10x jump based on only the hype for what MIGHT happen IF a press release were actually released about what the company MIGHT do, I think that a small bit of hype generated by a stock showing up on the Breakout Board might just help the stock price by getting a bit more trading volume than would otherwise occur.

PPJE has 396.5 million O/S.

PPJE has a market cap of $832.7K.

If you divide the two figures, you get today's closing stock price of $0.0021.

IF PPJE wins all of the compensation they seek in their lawsuit, PPJE will receive $26 million PLUS half of a medical clinic PLUS whatever punitive damages the jury opts to award.

Just running with the $26 million (because that is easy and I am lazy), PPJE's market cap would then be $26,832,700.

With a O/S of 396.5 million shares, the stock would then have a value of $0.0677.

1 million shares of PPJE is currently worth $2,100. At $0.0677, the same 1 million shares of PPJE would be worth $67,700.

Anyone want to pay off their mortgage by buying a couple million shares of PPJE today? : )

I had 1 million of the 21's on the ask wall. I have now changed my mind and cancelled that sell order.

Nope... the last scheduled settlement conference (which had been scheduled to occur last February) was NOT labelled as "mandatory." That one was rescheduled because the defense lawyer had a family emergency that took him out of town.

Last time, one or both of the parties blew off the Settlement Conference. At that time, there was no notification on the court web site of a delay.

However, this time, the Settlement Conference was labelled as a "MANDATORY Settlement Conference" which suggests that the judge was fed up with the delays. It also suggests that both parties better have gotten themselves to the conference this time for some actual discussion of settlement of some of the outstanding issues.

PPJE is on Breakout Board today.

It was up to at least #17, and currently sits "on the bubble" at position #50.

More attention is always a good thing! : )

There is nothing new on the court's website yet:

http://www.lasuperiorcourt.org/civilcasesummarynet/ui/index.aspx?

Case number: BC427192

Thanks for the tip! It reminded me to place another BUY order for another 1,000,000 shares!

I don't know where you learned math, but:

(0.017 - 0.0017) / 0.017 = 90%

not "about 1,000% give or take few hundred %."

It is not possible to go lower than 100% DOWNWARD without going into negative numbers, and of course, stock prices are never expressed as negative numbers.

During the October 11-13, 2013 timeframe, there was an unusual spike in the price of PPJE, so if someone was unfortunate enough to purchase PPJE at that time, and they are still holding now, then yes, they are down 90%.

With the exception of VERY long longs, who are holding from before the reverse split of 2011, most are holding from much lower prices simply because the price was rarely that high. For over 2 years, the price of PPJE was only over 0.01 that one time in October of 2013.