According to Basu it did. Are you saying she lied? Again? This is what she said:
"ITEM 3. LEGAL PROCEEDINGS ALL LEGAL PROCEEDING WERE TRANSFERRED TO MS BASU AS OF 1/1/2008 in exchange of 600,000,000 shares"
If both statements 2 and 3 above are not true…
Statement 2 is true, but Healthcare is no longer part of PPJE. Basu has explained that she kept it for herself.
PPJE disposed of Healthcare as an asset on 13 June 2008. The relevant 8-K is largely incoherent, but this is what happened:
On June 13, 2008, the majority share holders and its current Board of Directors decided that “Healthcare” to be disposed in order for the Registrant to move for ward bring higher equity to its shareholder. Ms. Basu agreed and accepted the transaction, she believes that this transaction will increase share holders value. Ms. Basu agreed to return 33.33% of the 25,150,000 shares she received for the acquisition of the three companies on April 23, 2004. Total number of shares will be returned by Ms. Basu is 8,383,333 to the Treasury.
As of January 1, 2008 “Healthcare” ’s assets and liabilities are no longer be owned by the Registrant.
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