Replies to post #19241 on PPJ Healthcare Enterprises Inc (PPJE)

[bullshark2009]

Here is the SS per the last financials:

ITEM 2: Title: PPJ Enterprise
Class: Common Stock outstanding 5,484,175,298
Trading Symbol: ppje.pk
CUSIP: 693531D109
CIK: 54-541219
Par Value: $0.0001
Period End Date: 9/30/2010
Fiscal Year End: 12/31
Number of Common Shares Authorized: 7,199,900,000
Number of Class A Preferred Shares Authorized: 100,000
Number of Class B Preferred Shares Authorized: 300,000,000
Number of Shares Free Trading: 2,995,679,260
Total number of Beneficial Shareholders: 1
Total number of shareholders of Record: 160

So Basu has about 2.4B shares, we assume. She could easily retire 1.4B shares and hold 25% of the company. Keep in mind the company also has about 1.3 million between short term and converitble notes. Depending on when those are due versus when revenue starts to come in she might have to dip into the shares. Especially if a pump occurs a dump could follow given they only have 23k in cash on the books. Some of these loans are from Basu so but probably only about 200k or so so that is some relieft. Also I am not sure what the 4.3MM of other assets is made up of either. In addition there is about a million of deferred officer revenue and I am sure she is going to pay herself and the other officers first before tossing any cash at a share buy back. They added 4 billion worth of shares to the O/S from 9/09 to 9/10 and a bunch of them went into the CEOs pocket. I am just pointing out some pitfalls here and trying to keep things realistic. Sorry if this comes off as bashing.