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All sold, thx for the empty promises Basu
http://www.otcmarkets.com/stock/PPJE/financials
May 16th disclosure mentions the reverse split
I am not about to go dig up posts where she confirmed no reverse split. Confirmation of no reverse split has been established several times in the past year. Do your own DD.
Previously stated PRs and emails from CEO confirmed no reverse split. This is a fact. The latest filings indicate that there will be a reverse split in the future. This is a fact.
At the very least this is company whose executive is going back on their word. I call it as I see it, as a big lie. It's not bs bashing of the stock, because the share price is as low as it can go until the reverse split happens.
Time to dump this piece of crap stock. CEO is a liar, revenues aren't being used to buy back shares, and the reverse split will make even those who bought in at the bottom lose out. Basu is running yet another company into the ground. Don't worry, if you are a Basu fan she will likely rename ppj to something else as she has done every few years. Invest in that company, I'm sure the misspelled PRs and fuzzy math financials will be there.
Basu rarely meets any deadlines so I doubt 5/16 will have any updates.
It takes a bank of computers a week to spell check all of the broken english in her updates anyway.
I think they got paid in shares back when they were hired. There was a high volume day at about that time and it was probably DME cashing out.
I'm sure they don't care one way or the other, they already got paid.
Hey Basu, when are you going to pay the rest of us???
It's not a rumor. Basu is waiting for the nearest financial windfall so she can claim she's owed millions and take the money and run.
Your commissions must be low to be able to make a trade only worth $80
A real accountant would probably uncover that basu is cooking the books.
If there is a settlement from this court case I guarantee basu and her family are going to pay themselves first.
Plus the entire board of directors is basu's family
What's your point? That just tells me that the attorney is either ignorant of the problems that are throughout the financials, or he is aware but just signed this letter anyway.
It won't be 15m, that's just the amount of the complaint.
If there is a settlement it will likely be in the 5m dollar range. Since this is going to trial it worries me because if this case was a slam dunk they would have just settled out of court. So grewal must think he has a case.
A jury award might be upwards of 9m but even then attorneys will take one third. So that's 6m left. And who knows how much would be plowed into a buyback, maybe half? So that's 3m which would still buy a ton of shares.
But a cash infusion of 15m in this case is out of the question. It's not like somebody died here.
I'm in. I've been trying to unload but its tough stuck at 2 for so long. Too many shares to continue flipping.
$13k bought today. Yawn. Let's get some real buyers in here.
Basu does not reply to my emails. I have pointed out mistakes in some basic math on the financials and gotten no response in the past.
Of course, dismissing the question under the guise of "ur dd sucks lol" is a lot easier than actually answering it.
As I understand it the 1.7b will go against authorized shares, but will not change outstanding shares or the float. Just wondering if others felt the same or not.
This is a silly question but how does the retirement of 1.7b shares that were never issued affect the o/s or the float?
1.7b weren't even issued so it is pretty much irrelevant.
So the buyback won't happen until at least August. Pps will be at .0003 or less until then.
Last April we were at .0006
Ppje really delivers the results.
But don't worry we will get back to .0004 sometime in 2013, basu is making it happen.
At this point i would love to dump at 0.0003 and move on.
Going to take a lot more buying to get rid of them for good. They have been available for a year.
They are probably thanking you right back for holding the bag for them
I can imagine the poorly written PR already...
Ms basu has never replied to my emails. I have sent several over the past few months with my cncerns about the financials. Maybe she has a spam blocker on all yahoo email addresses? maybe she just doesn't want to answer the tough questions?
Yes I am qualified to review financial statements. When a company can't get it together enough to release financials that at least add up in the most basic sense, there is immense cause for concern. Even the PR a few weeks back that mentioned increased revenues had the numbers all screwed up. So if you think that you can do better DD than the financials, more power to you. There are many who have felt the same way in lot of other pinks and they have been left holding the bag.
He is always present during a pump and dump. I wouldn't take his departure to mean anything other than there is very little buzz about this stock. No mentions on news letters, no efforts by a group of investors to increase pps.
Explain what you mean by "finacial health"
- the numerous errors and omissions on the financial statements?
- the enormous share structure that ensure this stock's pps will not move even when tens of millions of shares are traded?
- the incorrect/inaccurate PRs?
Or is this just cheerleading?
I don't understand how a lawyer issues a reliance statement like that when the financials are full of errors.
Assets to liabilities ratio Is always 1:1. Basic accounting right there. Do you mean assets vs debt?
Maybe, but I doubt anyone will buy this junk at .0003.
Sell order for 10.5m shares now at the ask
Math isn't basu's strength.
This stock is never on any newsletters. Maybe it should be promoted a little better.
Great prediction
These financials show vast improvement. So there should be improvement in the pps today. If not, the question becomes "what will it take for this company's stock to get moving?" Great financials ought to be enough.
More important than that is why she is lying in her PRs about financials.
This company is nothing but one delay after the next
Good idea let's continue to make excuses.
0.0004 won't be much of a storm. That's all I expect to see tomorrow.