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This may be a dumb question, but why is Lehman still here? They could have just folded up shop and took the easy road out. I think this bank will come back. Maybe not to the Titan it once was, but a player non the less.....
WOW! we are cooking now. .005 at the bid. and O volume. Our shares post r/s will be at 0.00 very soon.... Thanx Chandana! at least at .0001 this dog was worth 1200 for me pre r/s. Time to face the reality people, down with this ship we are going.
a week away from .0001. this long ride will finally be over......
This stock will stay in the trip 1 trip 2 for the next 5 years. This pending lawsuit is meaningless. Anyone who knows anything about lawsuits realizes it could take years to collect money owed. Just ask any divorced person you may know. There is a multitude of games to be played. A r/s will make this a penny stock but that will have no impact on what our shares are worth. If this was a successful company they would do a buyback or retirment. But it didnt, instead it chose R/S which any penny stock player knows is a loser move on the ceos part. Ive been in this dog over 2 years now, time to face facts we are stuck with a steaming pile of homeless mans feces. Any talk of becoming millionaires on this security is mindless drible. This concludes my diatribe....
no, it just sucks .
Today I took some cans to the scrap yard. I made 6 bux. That is 6 dollars more than I made with TNRI in a year and a half....
Wow! What a brilliant investing strategy!
this thing will never make us a dime I think...waiting a year and a half and all it has done is sink to the bottom like a brick. The next round of enthusiastic investors seem to be coming in strong though. Guess how this garbage stays afloat so long...
Mass confusion, uncertainty, lies, rumors, speculation, etc. The usual...
Its obvious why people are buying, the R/s date has come and gone without incident. Basu reconsidered her strategy it seems and PPJE is back in the saddle.
Basu did the right thing if in fact she cancelled the r/s she has redemmed herself and the reputation of PPJE. Maybe next PR she announces major buyback and retirement. That is the longer road to a better market but the more respectable one.
Looks like we may have dodged the r/s, investors confidence is back in PPJE.
.50 ask? whats up with that...
have a good trip nate...
5.5 billion shares floating, she owns 2.5 billion. Retire her shares for nothing. A lousy 200 k buys 2 billion shares back. If this company is as successful as she claims let her make an effort to get it to a higher exchange the hard way. R/S is a scam tactic period. There is no arguement against that.
I still have 11700000 in my scottrade, no r/s yet. I emailed her several times voicing my displeasure with her descision. I told her at trip 1 she can buyback shares for nothing. I suggested she r/s her 2.5 billion shares and leave ours alone. Maybe she listened, maybe not. Any way you look at r/s sucks and ivestors run from companies that do them./..
It must be another one of her many mistakes and oversights....
I have emailed her and told her R>S is a bad move. She can retire her shares and buyback at these basement prices, you should do the same.
RS announcement has sent ppje into a death spiral. We have got to keep hounding Basu not to go through with this. No investors will want to touch PPJE with two reverse splits under its fingernails. Instead of wasting time bantering with this guy about this stocks legitamacy you should be emailing her like I am demanding she retire her 2.5 billion shares and invest a lousy 200k into PPJEs future with buyback~
The court case is in august which some shareholders think ppje will just swoop in and collect millions of dollars of embezzeled funds from former partners. What they are not taking into consideration is the plethora of games you can play with lawsuit verdicts. Appeals, retrials, stall tactics, delays of payments, etc. I have been around a few lawsuits and it is never cut and dry. Even if you win there are few guarantees you get paid and it could take years to collect the awarded amount. If ppje has a future it lies in its products and services.
A lousy 2oo grand takes 2 billion shares off the market. Retiring her 2.5 billion takes 4.5 billion out of the equation. There is absolutly no justifiable reason to reverse split PPJE stock IMO.
all that is true wonderful information. it does not touch on my point about her ability to buyback shares rather that r/s. if ppje has the capital and earnings they claim then a 2 billion share buyback should be nothing to them. it does not compute in my mind. I think she is green about how penny stocks are routinely scams and has been given bad advice from some people regarding r/s. No financialy healthy company should do them period. That is what we as shareholders need to communicate to her. Retire 2 billion shares and most of the ones she owns and yes this goes to 5 a share without lawsuits but on its own merit.
i like your optimism, however i have lost my faith in ppje. still in to the end though, not like i have a choice anymore. i told basu in an email health financially sound companies engage in share buybacks and retirements, penny scam artists do r/s. unless she changes her mind about r/s i think this stock is doomed regardless of the restricted shares compensation to stockholders. like i said real investors do not like r/s ceos and companies. at these prices ppje is a give away. 200 grand buys 2 billion shares. as you know she owns 2.5 billion. if ppje cant afford that investment into its own future given its claimed financial health than something is seriously wrong.
regards.....
madwop26
we are sunk here. No serious investors take companies that do R/S seriously so upgrading to next level is pointless. No bid, no volume, another scam pink. Thanx Basu.
Can a CEO legally announce an R?S just to crash the price then do a buyback> doesnt sound legit...
I do not think there is any reason for an R/s. If this company is as financially healthy as they claim to be then they should do a buyback. At these prices shares are a give away. R/S is a cheap way out and investors usually get stung. I am going to forward my feelings to the CEO. Also a 400/1 rs is not a small R/s as basu claimed she might make.
I agree, court case means nothing to me. Too many games can be played with verdicts from lawsuits. This company has a future in its product and billing, not lawsuit money.
Restricted Stock Advantages
•Awards provide service or performance targets for employees to achieve before actually receiving shares or having the right to acquire shares.
•Shares can carry dividend or voting rights, if the company chooses.
•Unlike stock options or stock appreciation rights, restricted stock retains some value for employees even if the price goes down.
•Capital gains treatment is available on all or part of the gain on the shares, provided a "Section 83(b) election" is made.
•Unlike stock options or stock appreciation rights, restricted stock provides some value even if the share price declines.
•Restricted stock requires fewer shares to provide a similar level of benefit as compared to what would be needed for options (because awards have value even if the share price declines).
11746000 is my exact share count. Should have grabbed some 1s today.
i like your math better than mine :> getting the restricted shares is a positive step.
I have 11 million shares divided by 400 = 27500 shares. Im holding some over a year and some under a year. Assuming they give me the maximum 5 shares per new share I will get 10000 plus another 50000. That is the way I read it..
as am i, there are always questions after a basu pr...
big dumping binge, is the RS immediate or later this month>
im still figuring all this out, RS sucks, but the longs will make out pretty good it seems...
Morning PPJE longs.... lets have some action 2day//
3 billion count share increase and negative financials = nano cap death sentence. Invest elswhere....
Sounds like he is a friend of us all with rumors like that!
NEWS FROM THE CEO!!!!!!!!!!
made ya look.
Lets start the week off a little more positive shall we? PPJE will soar this week!
PPJe went from 2 to 16 employess in a few months, something like that... bigger office etc. Im just happy to see us in the 2s again. Gives us a little validation. I hope we can stay there this week.