Business
PPJ Healthcare Enterprises, Inc. (formerly known as PPJ Enterprise) Announces Reverse Stock Split Will Take Effect December 1, 2014
PPJ Healthcare Enterprises, Inc. (formerly known as PPJ Enterprise) Announces Reverse Stock Split Will Take Effect December 1, 2014.
About this update from Ppj Healthcare Enterprises, Inc.
[{"type":"text","content":"Tampa, FL.—December 1, 2014-- PPJ\nHealthcare Enterprises, Inc. (OTCPINK:PPJE),\na\nleader in proprietary automated health care reimbursement cycle software (all\nspecialties), online health information digital systems software and practice\ninformation management digital system software for health care providers, announced today that in accordance with its prior Disclosure\nstatements to effect a 1-for-100 reverse stock split of its common stock, the\nCompany anticipates the reverse stock split will be effective at the opening of\ntrading on December 1, 2014. The\nBoard approved the reverse stock split at a ratio of 1-for-100 on October 16,\n2014, and the action was authorized by the Company’s shareholders by written\nconsent on November 17, 2014.\n\nUpon\nreverse stock split, every hundred (100) shares of common stock outstanding\nwill 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\nnearest whole share. This will reduce the number of shares outstanding from\napproximately 3,056,122,730 billion to 30,561,228 million. The Company’s common\nstock will continue to trade on the OTCMARKETS\nStock Exchange under the\nsymbol “PPJE” The new CUSIP number for the common stock following the reverse\nstock split will be 69353D406.\nTicker symbol will have a “D” added for about 20 days (PPJED) starting December\n1, 2014.\n\nAdditionally,\nthe Company’s Board of Directors resolved on October 16, 2014 to\nre-domicile from Nevada to Florida and change the Company’s name to PPJ\nHealthcare Enterprises, which actions were ratified by the Company’s\nshareholders on November 17, 2014.\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, company\nfollower...