Pervasip Corp (PVSP)

[Arthur]

Because the officer never receives shares, nor sell shares directly.

His back pay is transformed into a Note Payable, carrying 20% interest or more.

When that Note Payable is aged 1 year, it can be sold as a Convertible Note to a third party, the priceed gowing towards the debt holder, to the CEO. The convertible note is of course converted into a few million common shares at a suitable discount.

No need for any Form 4.

Anyhow, the CEO doesn't want any more PVSP shares, he has ONE Series E share, which is worth 4 times more than the totality of all issued PVSP shares.

That priceless share has been given to him by Pervasip's Board, which consist of him and, well, mostly him.