Shares to be converted are not handed out monthly: the CD holder requests a certain number of shares by fax, when it suits him. That's why the handy conversion request form that is appended some of to the 10-Qs.
When PVSP had several CD holders at the same time, such requests came many times a week:
On December 10, 2012, we issued 5,202,702 shares of the Company’s common stock, valued at $13,007 for payment on outstanding promissory notes of $80,000. On December 17, 2012, we issued 8,000,000 shares of the Company’s common stock, valued at $23,200 for payment on an outstanding promissory note of $12,000. On December 27, 2012, we issued 10,155,000 shares of the Company’s common stock, valued at $30,465 for payment on an outstanding promissory note of $9,140. On January 7, 2013 we issued 12,272,727 shares of the Company’s common stock, valued at $54,000 for payment on an outstanding promissory note of $13,500. On January 14, 2013 we issued 7,058,824 shares of the Company’s common stock, valued at $17,647 for payment on an outstanding promissory note of $12,000. On January 22, 2013 we issued 8,670,000 shares of the Company’s common stock, valued at $17,340 for payment on an outstanding promissory note of $10,231. On January 28, 2013 we issued 6,000,000 shares of the Company’s common stock, valued at $16,800 for payment on an outstanding promissory note of $6,000. On January 29, 2013 we issued 11,153,846 shares of the Company’s common stock, valued at $32,346 for payment on an outstanding promissory note of $14,500. On February 6, 2013 we issued 10,543,343 shares of the Company’s common stock, valued at $17,923 for payment on an outstanding promissory note of $14,444. On February 15, 2013 we issued 39,345,576 shares of the Company’s common stock, valued at $141,644 for payment on an outstanding promissory note of $78,690. On February 21, 2013 we issued 17,815,049 shares of the Company’s common stock, valued at $101,546 for payment on outstanding promissory notes of $51,399.
