Pervasip Corp (PVSP)

[Arthur]

Well, I noticed that Pervasip brass was lying a lot on that initial Zer01 contract, back in '09.
And they kept on lying and lying and lying about their business prospects and their debt.

Remember when PVSP announced that they had found "debt financing" with NetCapital ?
It turned out to be plain-vanilla toxic convertible debt borrowing.
PVSP attempted to refinance its initial Laurus debt 6 times. The 2 last attempts were with Factor Fund, and later Factor Fund resold the remainder of the debt to Kreisler affiliates, like Carbon Flux Starter Fund, Five Nine Group and EXO Opportunity Fund.
The very last tranche to Laurus was borrowed from TCA Global.
The TCA Global loan remains unpaid, as far as anyone can tell.

Remember when Pervasip announced it was going to make a killing selling Ojo videophones ?
My, that was a complete bust.

Remember the South African "wallet" ? That was utterly stillborn, but it buoyed PVSP cheerleaders for 2 full years.

And there was the Android app, and long afterward the iPhone app. Revenues unknown.

And then Pervasip resold its entire money-losing phone business to ValueSetters for peanuts.
VSTR really took off after that purchase.

And then there were the 2 last ventures: the "purchase" of Canalytix, (which was accompanied by a P&D campaign), followed by the "acquisition" of Plaid Canary and Grow Big Supply.
Riss was all excited by PVSP being a "player" in the pot market with a "brick and mortar" presence in Denver.