PPJ Healthcare Enterprises Inc (PPJE)

[icbeatsthestreet]

I reviewed the report. Revs were at 197,000 for the three months (down 7000 from last year). Profit was 18000. This is down because they spent $45000 in litigation costs and 17000 in commissions. They took a bridge loan of $124000. Their receivables were 567000. They have 1.2 million in convertible debt. and 1.8 million in accrued deferred salary (hopefully, the lawsuit will at least wipe this out). They are now Pinksheet current. Hopefully, Chandana will stay healthy and the Automated Biller coding was updated with some of the loan money. Good product. I like the fact that they are showing some commission sales: the more commission sales; the less labor they need to retain and hire. They need to get cleared by the DTC so that the stock can return to normal trading. Yesterday was a good day: somebody wanted to purchase 920000 shares at .0042 and their order never filled. In fact, the last trade was at .0049 for 100000 shares. DTC clearance will be key for the stock. The company is keeping its head above water at the moment.