Business
PPJ Healthcare Enterprises, Inc. Announces Reverse Stock Split That Took Effect On July 25, 2016
PPJ Healthcare Enterprises, Inc. Announces Reverse Stock Split That Took Effect On July 25, 2016.
About this update from Ppj Healthcare Enterprises, Inc.
[{"type":"text","content":"Tampa, FL.—August 1, 2016 - PPJ\nHealthcare Enterprises, Inc. (OTCPINK:\nPPJE) announced today that a Reverse\nSplit of 1-for-100 reverse stock split of its common\nstock took effect at the opening of trading on July 25, 2016. The Board approved the\nreverse stock split at a ratio of 1-for-100 on October 16, 2015, and the action\nwas authorized by the Company’s shareholders by written consent on July 13, 2016. The Company has\ncancelled a Reverse Split action in January of 2016, since then the Company\ncould not establish a bid price, it was necessary to take this action.\n\nUpon\nreverse stock split, every hundred (100) shares of common stock outstanding has\nbeen automatically combine into one (1) new share of common stock with no\nchange in par value per share. Fractional shares shall be rounded up to the nearest\nwhole share. This will reduce the number of shares outstanding from\napproximately 4,507,368,276 billion\nto 45,073,682 million. The Company’s common stock will continue to trade on the OTCMARKETS Stock Exchange under the symbol “PPJE” The new CUSIP\nnumber for the common stock following the reverse stock split will be 69353D505. Ticker symbol will have a\n“D” added for about 20 business days (PPJED) starting July 25, 2016.\n\nHolders\nof shares of common stock held in book-entry form or broker or other nominee do\nnot need to take any action in connection with the reverse split, and will see\nthe impact of the reverse split automatically reflected in their accounts. \n\nFor\nthose shareholders who hold physical stock certificates, the Company's transfer\nagent, Pacific Stock Transfer Company\nwill send instructions for exchanging those certificates for new certificates\nrepresenting the post-split number of shares. Pacific Stock Transfer\nCompany can be reached at (702) 361-3033. \n\nAs always, PPJE management advises shareholders,\ncompany followers and prospective investors to contact their financial advisors\nif they have any questions or concerns about their individual accounts and\ninvestment choices.\n\nRegarding other news and events, the company reminds\nits followers to monitor OTC Markets filings tab for further newsworthy events\nand corporate updates, which will follow as they happen (http://www.ppjenterprise.com).\n\n \n\nForward-looking\nStatements\n\nInfor...