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Tuesday, August 05, 2014 3:48:34 PM
”This suggests that PPJ expects their stock price to be somewhat higher than the current price range, but not so much higher that a reverse split was necessary to get there.” ---Ed the Trader
”What it suggests to me is that issuances are getting out of hand. That does not surprise me.” ---janice shell
So, although I see that an A/S of 6 billion shares is pretty large, what else would you suggest that Chandana Basu do to recover from the losses that have led to the lawsuit? Certainly, PPJ could just continue to wait around until such time that it receives an award as a result of the lawsuit, but best management practices require always having a Plan B (and probably Plan C and Plan D) in case Plan A does not work out in the manner expected.
Clearly Janice, you do not advocate the selling of additional shares under the Form D filing. So, what would you suggest that Basu does instead?
Per the Form D filing, PPJ seems to feel that it requires $5 million to reboot the company.
No bank is going to provide an unsecured loan to PPJ for $5 million.
If PPJ had $5 million in assets required to qualify for a secured loan, then it would not require additional funding.
From what we are able to verify, given the unaudited financial filings available and the press releases which about new clients which have zero creditability because they are completely unverifiable, it appears that PPJ has almost no revenue.
The way that I see it, a corporation that has almost no revenue and no indication of a competitively marketable product, if does not find a way to raise new funding to reboot the business has the following options regarding its future:
1) Dissolve the company and completely wipe out the shareholder positions,
2) Allow the company to remain stagnant as the PPS continues to drop to 0.0001 and eventually no bid,
3) <SOMETHING ELSE THAT JANICE WILL SUGGEST>
So Janice, do you have a suggestion for an option #3?
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