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Wednesday, February 26, 2014 4:00:06 PM
PPJ is requesting $26 million in direct damages, plus additional punitive damages, in their lawsuit with Grewal. Remember that Grewal is not just a person; Grewal is a medical corporation with some serious assets, including its own medical clinic. The outcome of the lawsuit alone should cover the value of the $20 million in investor funding.
Plus, by not waiting for the lawsuit results, and instead using the investor funding to grow the business now, PPJ will be able to capitalize on the opportunities afforded NOW by Obamacare, and cash in big on that opportunity. The implications of Obamacare only happens ONCE, and those positioned to take advantage of it are going to make the current marijuana hype look like a kindergarten lemonade stand in comparison.
Yes, $20 million is alot of money to borrow, but it is very much in proportion with what is appropriate given the size of corporation that PPJ should be to prosper. Their business should have no problems at all absorbing that debt load, and still show respectable profits quarter over quarter.
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