Replies to post #41737 on PPJ Healthcare Enterprises Inc (PPJE)

[Ed the Trader]

Sorry... but that did not happen. --Ed

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.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6443013

Healthcare is still a Delaware company.

This is the sequence of events that occurred:

1) On 11/15/2000, Grewal became a client of Healthcare Business Services Group, a Delaware corporation. (Reference: http://www.scribd.com/doc/200257910/PPJE-v-Grewal)

2) Chandana Basu acquired a corporation named Winfield Financial Group, Inc., a Nevada corporation.

3) On 08/04/2004, Winfield Financial Group, Inc. acquired Healthcare Business Services Group, Inc., a Delaware corporation. (Reference: Nevada Secretary of State document #C12096-2000-009)

4) On 11/24/2004, she was named as the president of the corporation in the Amended List of Officers, Directors and Resident Agent of Winfield Financial Group, Inc. (Reference: Nevada Secretary of State document #C12096-2000-003)

5) On 01/07/2005, Winfield Financial Group, Inc., a Nevada corporation, was renamed to Healthcare Business Services Group, Inc., still a Nevada corporation. (Reference: Nevada Secretary of State document #C12096-2000-011)

6) On 02/14/2008, Healthcare Business Services Group, Inc., a Nevada corporation, was renamed to PPJ Enterprise. (Reference: Nevada Secretary of State document #20080106827-14)

7) On 06/13/2008, PPJ Enterprise sold Healthcare Business Services Group, Inc. back to Chandana Basu. (Reference: Form 8-K, 02/26/2009, http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6443013)

Basu has stated that this sale of Healthcare Business Services Group, Inc., a Delaware corporation, was to remove the exposure to PPJ Enterprise from the liabilities created through Healthcare's pre-acquisition business.

An acquiring corporation can retain or dispose of an acquired corporation's assets and liabilities as it desires. It is obvious that the contract with Grewal was still considered an asset so it was retained by PPJ Enterprise, while liabilities involving any existing legal actions against Healthcare Business Services Group before the acquisition were discarded with the soon-to-be-bankrupt Healthcare Business Services Group.

8) On 12/03/2009, PPJ Enterprise files suit against Narinder S. Grewal, and his corporation, Narinder S. Grewal, M.D..

If PPJ Enterprise did not retain possession of the Healthcare's 11/15/2000 contract with Grewal, then PPJ would have no standing to file a suit against Grewal. Yet, the court has allowed the pre-trial activities to continue for four and a half years. Further, if PPJ has no standing to file a suit against Grewal, Grewal's attorney would have requested a dismissal years ago, but either did not, or was not successful in such a request.

If the jury finds a verdict against Grewal, it is PPJ Enterprise, the plaintiff, that benefits directly from any award, not Chandana Basu or Healthcare Business Services Group, Inc., the Delaware corporation.

Obviously, as PPJ's CEO, Basu will benefit indirectly from any award from the jury, but all such benefit must flow through PPJ. Basu does not get to just collect what is awarded by the jury directly without it having an direct impact on PPJ financial numbers.