Business
PPJ Enterprise (PPJE: PK) Updates Shareholders on Collection Lawsuit
PPJ Enterprise (PPJE: PK) Updates Shareholders on Collection Lawsuit.
About this update from Ppj Healthcare Enterprises, Inc.
[{"type":"text","content":"\n \n \n PPJ Enterprise (PPJE: PK) Updates Shareholders on Collection Lawsuit\n \n \nPPJ Enterprise (PPJE: PK) Updates Shareholders on Collection Lawsuit\n\nMedical Billing Software Company Responds to Numerous Shareholder Inquiries\n\n \n RENO, NV--(Marketwired - Jan 22, 2014) - PPJ Enterprise (OTC Pink: PPJE) (http://www.ppjenterprise.com/) today issued a news update on its progress with its collection lawsuit and other items due to numerous inquiries by shareholders and others on these matters. \n \"We are very pleased to share this current update with our Company followers,\" said Chandana Basu, PPJE's President. \"As you can easily imagine, we are looking forward eagerly to the trial on our lawsuit to collect damages. Just this week we have obtained access to more of the Defendant's bank records, 16,500 documents, and while we may need more time for our expert to examine these voluminous records we will have more information on damages.\" Today through an Ex-Parte hearing the Company has obtained 7 additional days from the Court for review of these documents to further assess damages. New date for Trial in this case is now set for 2/5/2014.\n \"We also have additional good news for shareholders who are to receive incentive shares,\" said Ms. Basu. \"We are happy to tell you that we have decided to change our transfer agent to Action Stock Transfer Company to reduce charges for your transfer services. By using Action Stock Transfer we can cut the cost to issue a free trading certificate from $200 or more to $20 plus the mailing cost. In addition, we will pay for your Rule 144 legal opinion cost.\" \n \"Naturally,\" Ms. Basu continued, \"we are concerned that many of our shareholders may have to pay a stock certificate clearing fee of $500 to $600, giving them incentive shares valued below this clearing fee. Fortunately, Action Stock Transfer will help us to use DWAC with a reasonable monthly cost and an additional cost for electronic transfer of $20.00. Shareholders may not have to pay or the cost may be very minimal.\" \n \"As always,\" said Ms. Basu, \"we deeply appreciate the continued support of our loyal shareholders. We again advise shareholders, Company followers and prospective investors to contact their financial advisors if they have questions or concerns about their individual accounts and investment cho...