PPJ Enterprises (OTC Pink: PPJE) (PINKSHEETS: PPJE), a leader in proprietary automated health care reimbursement cycle software (all specialties), online health information digital systems software and practice information management digital system software for health care providers.
PPJE appreciates the support of those of its shareholders who post on investorshub and so PPJE wishes to inform the investorshub community as follows:
There is one individual who claims to be a PPJE Shareholder and who is identified as Mathew Perenchio AKA Matt AKA email@example.com. This individual claims to be a media person and claims some respect in the IHUB communities. According to the information we have, this individual purchased about $600 of PPJE shares on or about November 23, 2013 through sharebuilders.com (http://sharebuilders.com/). Thus, he was simply at best a very minor shareholder of PPJE.
He immediately contacted the Company to gain insider information along with all good information from internet and worked as best he could to hype up PPJE stock. During the month of December and January until he sold his position, he continued to post all good information about PPJE and posted "BUY" for PPJE stock; PPJE stock was trading with high volume and the price was escalating during this time, not due to his actions but rather to the progress of the Company.
Seeing the stock going up, Mr. Perenchio contacted the Company to get improper incentives, indirectly indicating that he is hyping the trading volume and price of PPJE. The Company did not entertain his request for incentives. We note that if he posted recommendations after receiving compensation without disclosure, and without disclosing his position, or even if he had an expectation of compensation without revealing this, he would be in violation of the securities laws.
After his unethical request for incentives was properly refused, Mr. Perenchio became very angry, bailed out and sold his stock. He threatened to destroy the Company and its CEO.
Thus, after ceasing to be a shareholder, he started bashing PPJE and its CEO. He has attempted to manipulate PPJE stock for his own malicious purposes. Once he sold his shares, he did not care for any of the shareholders who he led to buy PPJE stock.
Now we are informed that Mr. Perenchio's improper actions have gone even further. He has maliciously contacted Narinder Singh Grewal who is being sued by PPJE for scamming millions in PPJE assets. We believe Mr. Perenchio is working under Grewal's direction now and trying to gain the name of PPJE Clients for the purpose of improperly interfering with the business of PPJE. We believe that having been refused incentives from the company he is now seeking money from the Company's competitors. We presume he will fail at this as usual.
The Company and its CEO could sue this person for defamation per se or interference with business but the Company has no evidence that this person has any assets of note to fund a recovery from such a suit.
We wish to advise our many loyal shareholders that Mr. Perenchio is a very minor player and is attempting to be a parasite on the Company without any regard for the shareholders. He should be regarded with extreme suspicion. As always, the Company urges its shareholders and followers to make their own decision regarding this matter.
As always PPJE management advises shareholders, company followers and prospective investors to contact their financial advisors if they have questions or concerns about their individual accounts and investment choices. Regarding other news and events, the Company reminds its followers to monitor OTC Markets filings tab for further news worthy events and corporate updates which will follow as they happen (http://www.ppjenterprise.com).
Information in this news release may contain statements about future expectations, plans, prospects or performance of PPJ Enterprise, that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. PPJ Enterprise cautions you that any forward-looking information provided by or on behalf of PPJ Enterprise is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. PPJ Enterprise's actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond PPJ Enterprise's control. In addition to those discussed in PPJ Enterprise's press releases, public filings, and statements by PPJ Enterprise's management, including, but not limited to, PPJ Enterprise's estimate of the sufficiency of its existing capital resources, PPJ Enterprise's ability to raise additional capital to fund future operations, PPJ Enterprise's ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match PPJ Enterprise's capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. PPJ Enterprise does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
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SOURCE: PPJ Enterprise