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Smart money nibbling 5 Million Share Block Gone!!!!!!
It is time to BUY your position for 2025 !!!!
100k in volume, now we are talking. OTC stinks and PVSP is dead in the water. What's not to be excited about?
PVSP recognized a gain of over $18 MILLION
Fiscal Year 2024 Highlights:
Divestiture of Artizen Corporation: In November 2024, Pervasip completed the divestiture of its wholly owned subsidiary, Artizen Corporation, including Zen Asset Management LLC. The transaction eliminated approximately $28.1 million in liabilities, including $15 million in debt and $7 million in accrued taxes payable.
$18.2 Million Gain on Discontinued Operations: The Company recognized a gain of $18,172,555 related to the divestiture, reported under discontinued operations.
Equity Structure Realigned: Pervasip cancelled 23,250 shares of Series F Preferred Stock and restructured its Series K and L Preferred Stock to support alignment with current insiders and long-term stakeholders.
Convertible Debt Reduction: The Company reduced its outstanding convertible debt from $605,000 to $530,000 and continues to pursue strategic debt reduction and conversion initiatives to strengthen its balance sheet.
PVSP New Strategic Shift Announced
PERVASIP CORP. REPORTS FISCAL 2024 RESULTS AND ANNOUNCES STRATEGIC SHIFT TOWARD AGRITECH INNOVATION
Press Release | 04/01/2025
Seattle, WA � March 27, 2025 � Pervasip Corp. (OTC: PVSP), a diversified technology and asset management company focused on sustainable innovations in agriculture, today announced its financial results for the fiscal year ended November 30, 2024, and provided an update on its strategic transformation following a major divestiture.
Fiscal Year 2024 Highlights:
Divestiture of Artizen Corporation: In November 2024, Pervasip completed the divestiture of its wholly owned subsidiary, Artizen Corporation, including Zen Asset Management LLC. The transaction eliminated approximately $28.1 million in liabilities, including $15 million in debt and $7 million in accrued taxes payable.
$18.2 Million Gain on Discontinued Operations: The Company recognized a gain of $18,172,555 related to the divestiture, reported under discontinued operations.
Equity Structure Realigned: Pervasip cancelled 23,250 shares of Series F Preferred Stock and restructured its Series K and L Preferred Stock to support alignment with current insiders and long-term stakeholders.
Convertible Debt Reduction: The Company reduced its outstanding convertible debt from $605,000 to $530,000 and continues to pursue strategic debt reduction and conversion initiatives to strengthen its balance sheet.
Strategic Realignment
In fiscal 2024, Pervasip exited the cannabis industry and transitioned to a singular focus on solutions for the industrial agriculture industry, including clean water, with a focus on the development of AI-powered biological inputs, consulting services and strategies that increase productivity and reduce environmental impact. For more information,visit www.pervasip.net. This strategic pivot leverages proprietary and licensed technologies to drive crop yield improvements, resource efficiency, and sustainable farming outcomes.
âÂ?Â?Fiscal 2024 marked a transformative year for Pervasip,âÂ? said German Burtscher, CEO of Pervasip Corp. âÂ?Â?By eliminating nearly $30 million in liabilities, stabilizing our capital structure, and repositioning the Company around high-impact agritech solutions, weâÂ?Â?ve laid the foundation for long-term growth. Our focus now is on executing our innovation roadmap and forging strategic partnerships to scale our platform.âÂ?Â
Financial Snapshot (Continuing Operations)
Revenues from continuing operations remain minimal as the Company builds its agritech platform.
Operating loss reflects early-stage investment in product development and strategic repositioning.
The Company continues to operate under a going-concern basis and is actively pursuing financing, joint ventures, and licensing opportunities to accelerate growth.
About Pervasip Corp.
Pervasip Corp. (OTC: PVSP) is a technology and asset management company focused on delivering sustainable solutions to the agriculture industry. The Company is developing AI-driven biological inputs and precision farming strategies designed to enhance productivity and reduce environmental impact.
For more information, visit www.pervasip.net.
Forward Looking Statements The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Investor Contact:
Zachary Logan
Pacific Capital Markets LLC
Phone: 858-308-5835
Email: pacificcapitalmarketsllc@gmail.com
According to the Annual report GB is still acting CEO and controlling the PVSP operation. I haven't seen anything that states GB has resigned as acting CEO of PVSP. It would be great if he stepped down, very incompetent as a CEO.
PVSP Annual Report Filed
https://www.otcmarkets.com/otcapi/company/financial-report/450318/content
Hmb* with 50B OS went to 0.005 rda* complete junk went from 0.0001
If and only if Paul decides to do something we can move farward...this POS german wants to smoke weed for free and collect 200k annualy from shareholders...effin austrian
Paul gets $20 Million for 10 million shares and signs MOU for merger !!!
This guy never quit's, has KRTL smoking!!!
PVSP is his original baby, he will get control and get us rocking again!!
Guy is a highly rated CPA and expert in all aspects of the markets and understand mergers and how to get funding. No comparison with the weed grower that ran us into the ditch. Nobody was willing to loan us money with this guy at the wheel and to be honest the Cannabis market got worst day by day, declining prices, rising taxes, rising inflationary material expenses, illegal competition growing and stealing potential revenue.
Getting $28 Million reduction in Expenses with the divestiture of Artizen was a great move for PVSP.
Come home Paul we need Ya!!!!
Paul has completed our Financials and Filed with SEC
With $28 Million in debt reduction with Artizen divestiture, PVSP has a chance of climbing out of the ditch now that $28 Million in debt is off our back.
Time to announce some NEW licensing deals for out agriculture technology using AI to increase yields.
https://www.otcmarkets.com/otcapi/company/financial-report/450318/content
Fuck german he is a pos...i hope he spends all the money he earned from us on hospital bills even though healthcare is free in Austria:)..he got free weed banged matketing director maybe even jordan these austrians are Bi
Thanks to paul we have a hearthbrat
and how does this news relate to PVSP?
Paul delivers KRTL New Market Listing on Upstream
KRTL Holding Group, Inc Approved to Dual List on Upstream
KRTL Holding Group, Inc ("KRTL") today announced its approval to dual list its shares on Upstream, a MERJ Exchange market and global securities trading app. Trading becomes available on Upstream on Wednesday April 2, 2025, at 10:00am ET under the ticker symbol "KRTL".
About Upstream
Upstream, a MERJ Exchange market (https://merj.exchange/), is a global securities trading app. Powered by Horizon's proprietary, transparency-first, matching engine, Upstream allows investors outside of the U.S. to trade securities using just an app. For more information, please visit https://upstream.exchange/. Upstream is currently accepting applications to dual list at https://upstream.exchange/getlisted.
GB has resigned and the fat lady is now acting CEO. Scary, but who cares...
Barely a pulse here. Might be flat lining soon. Heading to the grave yard?
Lets see if he files on time...
To me, most of the problems came from the theft of an entire season's crop. No one talked much about that, wink-wink.
Paul did not hire this Dope, the Founders did.
The Founders Board hired him for his weed experience, which turned out to be a bad choice.
Never understood why he would waste money and time expanding to other states like California, & Oregon, when growers were closing up operations in droves due to oversupply, declining prices, and illegal operation stealing the business.
Really the best thing for PVSP was to get out of the weed business and transfer all that debt, $28 million to Artizen in the Divestiture last year.
New partner and business model will emerge along with new leadership.
Why should PR appoint a garden gnome as CEO and then take it back?
$28 million of liabilities from the Company’s balance sheet
It would have taken Artizen revenue of $400 million or more to payoff that $28 million debt. At least we were able to clean up balance sheet and with the next venture it should be much easier to become a profitable company without the debt anchor hanging around our necks.
Paul will get it done, not this pothead dope playing CEO. I ask you would you lend money to this guy, no way LOL
SEATTLE, WASHINGTON, DECEMBER 23, 2024 – Pervasip Corp. (OTCPK: PVSP) (“Pervasip” or the
“Company”), a developer of companies and technologies in high value emerging markets, today announced its
divestiture of Artizen Corporation (“Artizen”) and its subsidiary, Zen Asset Management LLC (“ZAM”). The
divestiture eliminates more than $28 million of liabilities from the Company’s balance sheet, including about $15
million in debt and about $7 million in accrued taxes payable. Pervasip retains a 20% stake in Artizen.
He's gotta be doing something . Company is still producing and making sales . Would be nice to see a big PR focus over on this realm for him.
Wake me up when the dumb garden gnome think it's time be a real CEO!!! Over and out for now.
And you my friend are just way too positive and far fetched around here that I have come to the conclusion (as well as others around here) that you are either Paul himself or a friend of his with $0 invested here because as we see right now this stock has tanked with only one more point to go and then this stock will go completely silent again for years like it did the last time I believe the year was 2012.
That's because you don't know Paul, LOL
Exactly it's just hopium at this point.
Unless you are invested in KRTL, this means absolutely nothing to us here who sit at .0002
Woooo, Riss KRTL just hit 15 cents, up from .0003!!!!!!!!
Come home Paul we need ya!!!
O Brother, Where Art Thou? GB you little pathetic man. I guess PR had absolutely no alternatives what so ever when appointing you as CEO
Deep Deep Red.... they did actually post a few posts on Instagram over the weekend featured at a Vendor Day in the Seattle area.
Well, the good thing here, with the market as it has been lately, short of going no bid, we are about as red as we can go.
Staying current on those audited financials!!!
https://www.otcmarkets.com/otcapi/company/financial-report/422414/content
Notification of Late Filing today.
I agree about the 5k thing. It's apparently just going to the tax payers, not the ones that live off support. The people that would fit the description of an interested investor. So it definitely would benefit a stock like this along with many others.
If every household gets a DOGE check for 5K the OTC stinkies will balloon just like they did with the stimulus money...Just my thoughts.
Two years with empty promises, it hurts a bit. OTC market sucks in general, but luckily we are blessed with a stellar CEO, good old GB. Expect news in 2026 or later, business as usual.
Yeah...unless somebody makes contact with Paul and receives an update we can share it's all is it half full or half empty stuff...if you remember we've now gone from calling Paul a dirtbag to praising his accomplishments...Maybe he'll get bored with KTRL and want to wake up PVSP...I wouldn't be selling for a tax loss anytime soon?!
😎
Keep in mind that Paul Riss is still or at least according to filings, the owner of almost 322 million shares of common stock. Not sure what happens to all the Series K shares, but I really dont think that these owners of shares are going to want PVSP to set idle for even another year. I expect we get a business update before June on a change of business plan. JMO
Your post is filled with lots of unicorns and butterflies as we sink lower and lower. We are currently at .0002 with only one more digit to go down and then comes the years or maybe the forever silence. At this point all we have is wishful thinking I guess.
Will we hit .001 on NEWS that Paul is CEO & GB isToast?
Any guesses on restructuring? PVSP has reduced debt by $28 Million with the divestiture of Artizen, that is a big number that will be very attractive to private companies that wants to public!!!!
Probably will see share structure reduced to 100 million like they were going to do with the Artizen restructured, but we need to get the revenue from new company on books before that will happen.
Paul is the man, SEC guru for sure!
Good old GB, ghosting is not a strategy, will you ever deliver anything or is it just dead silence?
All this news from PVSP then I woke up!! 😵💫😵💫😵💫
How's it hanging boys? Pretty boring around here....
Paul has been working hard to get KRTL on Foreign Exchange!!
Stock trading at 12 cents now up from .033 earlier this year!!!
It appears that it is difficult for foreign stakeholders to buy US OTC, so he working to get new listing for them.
GB is stoned again, LOL
Paul will right the ship and toss GB overboard, give him some time.
GB is useless and that's a fact. It seems nothing is happening and shareholders are left in the dark forever
From the looks of it, looks like we will be sitting and waiting for a long time. The last time this stock went silent it was about eight years past. Good luck to all of us still here.
We sit and wait for Riss, GB anyone to pull the rabbit out of the hat!? 🤷🤷
WTF is he doing?? 🤬🤬
If only we had the share structure of Krtl we are dilluted to hell over here.
Paul is getting it done!! 12 Cents now!!!!
Full steam ahead for Riss and KRTL Biotech with all the news released!!!!
PVSP is waiting for your return home, we need ya man, these pot heads nearly ran us into the ground.
https://www.otcmarkets.com/stock/KRTL/overview
2025 and GB still can't tie his own shoes
Why would someone slap .0003's when you can get millions filled @ $.0002 by bid setting
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Day Range: | 0.0001 - 0.0002 |
Last Trade Time: | 3:09:08 PM EDT |
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