Pervasip Corp (PVSP)

[Arthur]

At some point, back in '010, Paul Riss owned 36% of PVSP.

But thenafter he diluted himself to oblivion, along all other shareholders.

Already in 2011, Riss had diluted himself to 7.3% ownership, with G3 Connect being the main shareholder with 33%.

In 2012, the genius CEO had diluted his common shares stake to 4.3%, but had also awarded himself Series C preferred voting shares with an extra 48% voting power.

Come 2014, Riss had further diluted himself to 1.21% ownership, and Flux Carbon Corporation, EXO Opportunity Fund, Five Nines Group and Flux Carbon Starter Fund had each respectively 23%, 10%, 10%, 10% new dilutive shares.
in 2013, G3's ownership had dwindled to 9.6%, and Series C preferred had been changed to Series De preferred, at the demand of lender 112359 Factor Fund.

In the last 10-K filed, that covers Fiscal Year 2015, Riss owned 0.5% of the common shares, plus Series D shares giving himself 48% ownership and Series E shares giving him 51% ownership. Riss also bestowed to himself series F and Series G preferred shares, just in case.

TCA Global also owns Series J preferred voting shares, that gives it 51% ownership of Pervasip, in the event of Pervasip defaulting on its TCA Global loan.
Say, isn't PVSP currently in default ?

I wonder how much money TCA Global can get from auctioning off Pervasip as a dirty shell ?