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Ridiculous, so old and outdated, years old garbage that has never come to fruition. Proven POS scam by 2 proven POS excuses for humans, KK and Riss, truly the bottom of the totem pole, wastes of life, proven by this and every other ticker they've ever touched...
I agree you why joke around getting the stock of the ground is smart. A genertings money income reuuiones fortideds bb. Nice remeaing float be big mistake not to. Thinking this is the beginngs of change for us company the fure of revltions. These stock are going be profitable. I'm holding the past doesn't perceive the futre.
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$PVSP- now current and what's next is updates. Looking forward to that. We looking really good here 10Q filed and like things are being delivered one step at a time. Multi pennies here we come. Look I agree greatly that they are moving in the right direction.
And I don't want to see you guys get left behind. With several catalysts about on the horizon recent news that could drive todays increased momentum.
I do believe good things are coming. I'm excited for what's coming and id suggest buying at its low right now and accumulating a bit so if this does runs you can make your money back and more and perhaps holdings on half the shares for long term growth.
But in the mean time while the stock continues to do what it's doing, it's actually resulting in a larger and larger consolidation base. In which ultimately is better for the stock and it's potential ensuing breakout.
News and Catalysts- The company has been very active the last few months releasing very positive PR's.
Pervasip sold off its old (money-losing) VOIP business for peanuts 3 years ago, and their new attempt at a "brick-and-mortar" hydroponics business failed spectacularly 1 years and a half ago.
Since then the company didn't generate any revenues, and they have not bothered to file any financial results this year.
Oh, and Pervasip is being sued by their main lender, to which they owe $1.1m, at 18% interest. Make that 23% interest since a higher interest rate kicks in in case of default.
Also of note, Pervasip had been reverse-acquired by Kevin Kreisler of Flux Carbon Corporation back in 2015, but FCC apparently cancelled its ownership of PVSP in mid-2016:
At August 31, 2016 and November 30, 2015, we owed $458,149 and $222,918, respectively, to a company that is controlled by the entity that owned 60% of our voting control, via ownership of our Series H preferred stock. On August 24, 2016, the 500,000 shares of Series H preferred stock that were issued to Flux Carbon Corporation in conjunction with the purchase of Plaid Canary Corporation, were surrendered to the Company. After this surrender, Flux Carbon Corporation’s beneficial ownership of the Company is a 10% voting control, via the ownership of 100,000 shares of Series H preferred stock.
As of its last filing of 2016 Q3, PVSP was losing ($191K) per Q, plus the interest on the loans they were defaulting on.
they can load up all they want , but company still has proven year after year its a pile of crap . they have nothing solid millions in debt. billions of shares out , pps garbage. ceo has proven 100% to fail with everything. 100% fact....this is a pump and dump company period.
good luck if you can make a few bucks in the triples because it will never get out of the triples . millions or billions of shares still can be added look at the 10q and the ceo will fail again.....imho paul failed crooked riss will try to pump this garbage again on bogus news just like he has in the last 5yrs plus.....good luck and be careful.
do your dd on this garbage before you buy into this proven failed company
From filing "Once we have established our position as a known source for leading edge technologies in the cannabis industry, we intend to build on that position by accumulating a portfolio of technologies and services that will enable us to offer clients a resolution for any technical issue in growing cannabis they may encounter."
i suggest you read the 10-q and see that crooked failed paul riss the dirt bag ceo can add billions more to the 3.78 billion now.....
but hundreds of people knowing ceo paul crooked failed riss , the destruction he done to investors will never ever trust this lying ceo crooked corrupt bs again....
look back 5 yrs and you will see for your self...and yes many made money of this bogus pile of crap . BUT AS A SOLID COMPANY ITS A PILE OF DOG CRAP.
one needs not to read this board to find out what kind of pile of chit this company has proven to be 100% fact...they just need to go back do their dd on this pile of junk on the last 5 yrs and they will see...
just look on how many times they have failed ,millions in debt ,billions of worthless shares , ceo will add billions more ...
pvsp has no sales . no revenues, no trust, crooked ceo, billions outstanding no volume ... NO PRODUCT.. SCAM SCAM SCAM SCAM.... has been and always will be.....stop your bs and put out whats good about pvsp let alone the crooked ceo, , you have nothing except bs... to dump shares bought in the triples.....
company a scam and has proven for the last 5 yrs. post something good about the company just another garbage wanna be company screwing good people...
millions in debt no product. crooked lying ceo period you have something solid post it..but you do dont...yes lots a people made money on this scam, but as a solid company its a pile of chit and you know it....
this will never be a solid company its been nothing but a scam. stop your bs ...or post the good on this company again you can not....
paul crooked failed riss is a lying scum and when you protect him your just as bad..... this will never ever leave the triples let alone will anyone trust pvsp as long as paul crooked failed riss is apart of pvsp and that means as a janitor also......
Didn't Pervasip announced they had settled the their Laurus/Valens debt problem by Net Capital "investing" in the company at $0.25 a share ?
Item 1.01 Entry into a Material Definitive Agreement.
On May 31, 2011, Pervasip Corp. (the “Company”) entered into a securities settlement agreement (the “Settlement Agreement”) with NetCapital.com LLC (“NetCapital”), in connection with the conversion of certain debt into shares of the Company’s common stock. NetCapital previously entered into an agreement with LV Administrative Services, Ltd. (”LV”), to assume several notes from the Company of approximately $12,163,000 in the aggregate principal amount (the “Notes”). Pursuant to such earlier agreement, LV assigned and sold the Notes to NetCapital. Under the terms of the Settlement Agreement, NetCapital converted $148,522 of the Notes into 594,088 shares of the Company’s common stock, a conversion rate of $0.25 per share.
One year later, Pervasip was announcing they had solved their Laurus/Valens debt problem by selling shares at $0.02 thru JDM
Item 1.01 Entry into a Material Definitive Agreement.
On February 3, 2012, LV Administrative Services, Ltd. (“LV”), as assignor, entered into an assignment and assumption agreement (the “Assignment Agreement”) with JDM Group, LLC (“JDM”), as assignee, pursuant to which LV assigned the Notes (as hereinafter defined), and all rights owing thereunder, to JDM for a total purchase price of $1,500,000, payable over ten months beginning on February 15, 2012. The “Notes” as defined herein means those certain outstanding promissory notes previously issued by Pervasip Corp. (the “Company”) to LV, in the approximate principal aggregate amount of $13,949,000.
On February 3, 2012, the Company entered into a securities settlement agreement (the “Settlement Agreement”) with JDM, pursuant to which the Company shall pay $1,700,000 to JDM over 18 months beginning on February 3, 2012 and, upon such payment in full, the outstanding aggregate principal amount shall be satisfied in full and the Notes shall be cancelled. The Settlement Agreement provides that for every $100,000 paid by the Company, the outstanding principal amount owing under the Notes shall be reduced by $929,939.
In addition, JDM may convert the $1,700,000 due under the Settlement Agreement into shares of the Company’s common stock, par value $0.001 (the “Common Stock”), at a conversion rate equal to a 10% discount to the volume weighted average trading price of the Company’s Common Stock for the three trading days prior to such conversion. The conversion rate is subject to a minimum conversion price of $0.02.
Upon JDM making all required payments to LV under the Assignment Agreement, the interest rate on the Notes shall be reduced to zero percent per annum beginning on January 31, 2012, and LV shall not be permitted to, among other things, attempt to collect payments on the Notes from the Company, pledge the Notes to third parties, or foreclose on the Notes.
The JDM agreement failed, as soon as PVSP share price dropped under $0.02...
We made the $100,000 payment due to the Lender on March 30, 2012 on behalf of JDM, and JDM signed over to us a $930,000 debt reduction that was assigned to JDM by our Lender. JDM assigned the $100,000 payment due on April 30, 2012 to a third-party investor for a payment of $100,000, and we granted the new investor the ability to convert the debt into stock at a 37.5% discount to the market price of our common stock, as defined in the agreement. Subsequent to such assignment, JDM asked our lender for a deferral of the monthly payments and has not made the monthly payments due on May 30, 2012 and June 30, 2012. Our Lender has not responded in writing and has not taken any action or sent out any default notices. Should JDM be declared in breach of its agreement with our Lender, the interest rates on the remaining debt to our Lender will revert to the rates that were originally in effect, unless we make the remaining payments for JDM. We have continued to record no interest accrual on our remaining debt to the Lender because the Lender has not sent us written notice that JDM is in default with its agreement with the Lender. Should JDM be notified it is in default, we intend to make arrangements to continue paying the remainder of the payments due to the Lender. The remaining amount due to the Lender under the agreement with JDM is $700,000, as of July 16, 2012. There can be no assurance that either JDM or the Company will be able to make the remaining payments, of $100,000 a month for seven consecutive months, to the Lender, or that the Lender will continue to allow some of the payments to be deferred.
We incurred financing costs of approximately $261,000 for the nine-months ended August 31, 2012, as compared to $-0- for the nine-months ended August 31, 2011. The expense was related to a charge by our secured lender for additional fees added to our loan balance.
And then Pervasip announced it has SOLVED its debt problem once and for all, By borrowing from Net Capital (again) convertible at a fixed rate of $0.02 a share.
On February 8, 2013, LV Administrative Services, Ltd. (“LV”), as agent acting on behalf of certain holders of debt (the “Holders”), entered into an assignment and assumption agreement (the “Assignment Agreement”), as assignor, with NetCapital.com LLC (“NCC”), as assignee, pursuant to which LV assigned the Notes (as hereinafter defined), and all rights owing thereunder, to NCC for a total purchase price of $350,000, payable over eight weeks beginning on February 15, 2013. The “Notes” as defined herein means those certain outstanding promissory notes previously issued by Pervasip Corp. (the “Company”) to the Holders, in the approximate principal aggregate amount of $7,044,000.
Effective February 6, 2013, the Company entered into a securities settlement agreement (the “Settlement Agreement”) with NCC, pursuant to which the Company shall pay $450,000 to NCC and, upon such payment in full, the outstanding aggregate principal amount shall be satisfied in full and the Notes shall be cancelled. Alternatively, NCC may convert the $450,000 due under the Settlement Agreement into shares of the Company’s common stock, par value $0.001 (the “Common Stock”), at a conversion price equal to $0.02 per share.
But a month later, the company revealed that the Net Capital deal had been one big fat lie:
Item 1.01. Entry into a Material Definitive Agreement.
On February 8, 2013, LV Administrative Services, Ltd., as agent acting on behalf of certain holders of debt, entered into an assignment and assumption agreement (the “Assignment Agreement”), as assignor, with NetCapital.com LLC (“NCC”), as assignee, which was filed on Form 8-K with the United States Securities and Exchange Commission on February 19, 2013.
Effective February 8, 2013, NCC assigned 100% of its right, title and interest in, to and under the Assignment Agreement to 112359 Factor Fund, LLC (the “Fund”) in exchange for the Fund's agreement to satisfy the payment obligations due under the Assignment Agreement.
Effective February 15, 2013, Pervasip Corp. (the “Company”) entered into a securities purchase agreement with the Fund pursuant to which the Company issued to the Fund (i) an amended convertible debenture in the principal amount of $6,043,850, which was immediately canceled (“Amended Note 1”), (ii) an amended and restated convertible debenture with an issuance date of November 30, 2005 and an amended principal balance of $1,000,000 (“Amended Note 2”), and (iii) an amended and restated convertible debenture with an issuance date of May 31, 2006 and an amended and restated principal balance of $1,000,000 (“Amended Note 3” and together with Amended Note 1 and Amended Note 2, the “Amended Notes”).
The Amended Notes were sold to the Fund, which is an “accredited investor” (as such term is defined in the rules promulgated under the Securities Act of 1933, as amended (the “Act”)), in exchange for the assignment to the Company of 100% of the Fund’s right, title and interest in, to and under the Amended Note 1, the assignment to the Company of 100% of Buyer’s right, title and interest in, to and under that certain convertible debenture dated December 26, 2012, and issued by the Company to Asher Enterprises, Inc., $150,000 in cash paid to the Company, and approximately $65,000 in transaction costs.
Of course the Factor Fund deal failed too, that's why Pervasip had to refinance the remainder of the Laurus debt by borrowing from TCA Global, which failed too. Oh, and most of the Factor Fund debt is still due to other Kevin Kreisler entities.
Yes, that's how Pervasip's "settles" debt. By defaulting on it, and by having its shareholders buy dilutive shares that they issue to toxic lenders. Brilliant!
Exactly, just like the other times debt was settled. Let me think, oh yes I remember now; wasn't the last run over 3000% ???????????? PVSPCANARYCANALYTIX $$$$$$$$$
Exactly, but you are not preaching to the choir, you are preaching to a buy high sell low buyer who listens/succumbs to group think ( stock is going to .50 BS). Could have worked out of his situation a couple of times but succumbed to the doomsday group think. PVSPCANARYCANALYTIX $$$$$$$$
So you think TCA will write a nice letter to Pervasip, saying: "Remember the half million dollars you borrowed from us in October '14 at 18% interest ? And the the other $100K you borrowed, at 18% interest too ?
Well, just forget them. We should have known better than to lend money to a deadbeat company like PVSP."
That's quite unlikely.
More likely Pervasip and TCA Global will "settle" for a few billion PVSP shares, and TCA Global will make sure that the settle meant gets approved by the judge, which makes the shares immediately tradable.
Boy oh boy, when Pervasip's CEO announces the settlement, Pervasip's shares will skyrocket !
Yeah I really believe you and trust a random poster on IHub. No one can predict the market so I'm Willing to take my chances.. lotto play is worth the risk for possible 1000% run. Last time it was 3000% run... Happy Friday Pepi :)
From filing "Once we have established our position as a known source for leading edge technologies in the cannabis industry, we intend to build on that position by accumulating a portfolio of technologies and services that will enable us to offer clients a resolution for any technical issue in growing cannabis they may encounter."
What "I got" was a historical question which I answered, GOT IT?? Gotta love tough guys with one word or fragmented sentences on an anonymous board. PVSPCANARYCANALYTIX $$$$$$$
So, your answer to a historical question regarding a stock is the current price today, that's rich!!! How about the big runs, is that not why traders trade??? PVSPCANARYCANALYTIX $$$$$$$
German has been a passionate visionary and entrepreneur since the late 1980s when he contributed to increasing the business of WorldCall
Telecommunications from annual revenues of $2 million to more than $100 million. He was subsequently president and co-founder of GlobalTel Resources,
Inc., and held executive positions with eCharge Corporation, an internet payment services provider. For the past 7 years, German has led the formation,
operation and growth of multiple cannabis ventures, including the regulated Washington recreational marijuana market in which ZAM's current operations
are based. German most notably developed and launched Willie Nelson's Willie's Reserve cannabis brand in Washington state, where he led the company as
president and chief executive officer from inception, through regulatory approvals and buildout to full roll-out of the brand. In January 2018, German as a co-
founder, assisted in launching and implementing a multi-brand strategy through Recovery Brands and the licensee that distributes its brands, Minglewood
Brands in Washington state. Minglewood successfully took many brands to market, including Exotikz (a Jungle Boys/Berner
collaboration), Lemonnade, Cookies, KSavage, HighTide, and PlugPlay, resulting in over $1 million in monthly sales to more than 200 retail stores. German has a
degree in business managemen from the University of Austria
CFO/COO- George Jordan
BIO Prior to joining Pervasip, George Jordan was a co-founder of Artizen Cannabis Company, a licensed cannabis company in Washington state and
ZAM, a diversified asset management company that was founded to acquire, develop, and support companies and technologies in the cannabis
industry. Mr. Jordan brings more than 15 years of experience in business management, finance, and business development largely in
government agencies, hospitality, and legal sectors. A licensed attorney in Washington state since 2012, Jordan brings an accomplished
background in start-up management, operations, and overall business acumen. He received his Master of Business Administration degree from
Alaska Pacific University (Anchorage, AK), an L.L.M. in taxation from the University of Washington School of Law (Seattle, WA), and has a
history of progressive management roles in administrative and consulting services.
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