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Re: janice shell post# 40701

Tuesday, 06/17/2014 5:21:05 PM

Tuesday, June 17, 2014 5:21:05 PM

Post# of 66333

Because PPJ is essentially a one woman show, and Basu pretty much owns, controls and runs both it, and all of its related business entities, she can rearrange the business relationships between them any time she wants, and she clearly does… --Ed



No she can't. She absolutely cannot say one day that PBS is a PPJE subsidiary, and the next that it's really Doctors Reimbursement, a private company. --Janice



Maybe I was following you incorrectly earlier, but it looks like you just reversed the direction of the asset transfer.

If I read the sequence of events correctly based on what you posted earlier, Basu moved an asset (PBS) from Doctors Reimbursement LLC (which was a privately owned corporation owned by Basu) to PPJ Enterprise.

There is nothing problematic about that. PBS was hers to gift to PPJ if she wanted, and she is the controlling management of PPJ so she can accept the gift of PBS on behalf of PPJ.