PPJ Healthcare Enterprises Inc (PPJE)

[Ed the Trader]

"What's the RS synopsis for PPJE ?"

April 24, 2008 1:400 reverse split

delta time: 3 years, 6 months

October 26, 2011 1:100 reverse split

delta time: 2 years, 11 months

October 2, 2014 PPJE now @ 0.0002

When people stop buying sufficient amounts of new stock to satisfy the desires of Chandana Basu, she will reverse split again.

So, to prevent another reverse split, all we have to do is to stop asking questions and continue to buy as much stock as is offered. <sarcasm intended>

On 9/22/2014, the stock structure provided to me by the transfer agent was as follows:

Authorized Shares (A/S): 6,000,000,000

Outstanding Shares (O/S): 3,081,442,390

Restricted Shares: 1,439,134,996

O/S - Restricted = 1,642,307,394 which is the float

(Source: Pacific Stock Transfer Co., voice: 702-361-3033)

To confirm Joe's statement from yesterday, I just called the transfer agent again, and they have been gagged. They cannot provide any stock structure information, and they could not tell me on which day they were gagged.

They informed me that I should contact PPJ Enterprise directly at 775-348-5735. Note that when I had some questions about the Reserved shares (not the same as Restricted shares), this is the same number I was given by the transfer agent as the number to directly reach Chandana Basu. That was the same week that the Grewal trial started. Back then, I called once, and did not get through so I gave up figuring the lady might be a bit busy with trial preparations.

When I called right before writing this post, I received a busy signal. If anyone else gets through, please let us know what you were told.

The logic on this is simple. I've been able to acquire share structure numbers from the transfer agent since at least late July, and I've been calling them every week or two since late July.

Yesterday, PPJ released a PR asserting that they cancelled one Billion shares from the O/S. This was done presumably to attempt to boost the share price.

Chandana Basu is almost certainly lying to us about this.

If one Billion shares of the O/S was actually cancelled, then she knows very well that shareholders are going to attempt to confirm that information. The transfer agent cannot lie about the share structure because that is fraud and people go to prison for that.

If the shares had actually been cancelled, Basu would have been eager to have shareholders contact the transfer agent to confirm her PR.

Instead, Chandana Basu is almost certainly committing fraud by lying about the share structure. You can bet that if you manage to get through to the Nevada office, whoever answers the phone will back up the information in the PR. However, they will not work for an independent entity, and more than likely, it will be Basu herself that answers. Only the transfer agent could have provided an independent and authoritative source of numbers with regard to the share structure, and Basu has made sure that is not going to happen.