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Now its NITES turn to sell phantoms at .037 out of nowhere as ETMM
moves above 4
200k traded at .0372 over ASK of .037
MM are too much just hold your shares and all this background noise will eventually be gone.
NeoMagic Corporation Updates Investors on New Product Development and Current Operations
Our pals at NeoMagic are moving forward
NeoMagic Corporation (NMGC.PK), a pioneer of embedded memory and logic technology, announced today that the Company is ready to demonstrate MagicVaultTM, its USB 3.0 based UFD USB Flash Drive Controller solution on an FPGA platform.
San Jose, California (PRWEB) February 27, 2012
NeoMagic Corporation (NMGC.PK), a pioneer of embedded memory and logic technology, announced today that the Company is ready to demonstrate MagicVaultTM, its USB 3.0 based UFD USB Flash Drive Controller solution on an FPGA platform. NeoMagic is also updating investors on current operations and the Company’s efforts to obtain additional funding to accelerate its growth.
FPGA platform test results for the MagicVault flash drive solution indicate a significant performance improvement over currently available products. In addition to testing, NeoMagic is discussing MagicVault and other new products in development with potential strategic partners and investors.
NeoMagic’s design win with ViV Systems to develop an M-Book controller for their karaoke systems has made significant progress. Tho Pham, CEO of ViV Systems, said: “We are very pleased with the support received from NeoMagic’s team in the development of our M-Book Karaoke controller which is based on the MiMagic6+ SOC with 7” high resolution touch screen support. We are looking forward to bringing this product to market in the second quarter of this year. The M-Book will greatly enhance the user experience for our karaoke systems.”
NeoMagic is continuing its efforts to find other customers for MiMagic6+ which is a SOC/Micro-controller at very competitive pricing for embedded applications. NeoMagic continues to ship its MiMagic 3 product to its Asia Pacific customer.
In the upcoming months, NeoMagic and Proactive Investors will be hosting a meeting for investors in New York City. The Company will provide specific details on the meeting as they emerge. For more information on the date, time and location of this event, please visit NeoMagic’s Proactive page at http://www.proactiveinvestors.com/sponsors/4162/neomagic-4162.html
Looks like I'll be able to move my share count above 200K shares if the MM's keep this up.
i don't know about manipulation. seems like you have a retail buyer trying to get their .316 filled. etmm
anyone else following the manupulation by the mms on the bid particularly ETMM and UBSS
BOGUS ask by HDSN 5K SIZE..ask ARTY
MMS manipulating the BID, playing musical chairs..MONTH END IS WED. watch level 2...proof is right smack there.
great bounce play setting up on this stock! 5's shouldn't be hard to get back to you. next pr i assume.
I gladly averaged up at the ask today.
Going long.
Go PVSP.
MMS manufactured sell-off to cover month ending short positions TO CLOSE OUT THE MONTH
There are thousands of other companies with way more experience in Android and Java than VoxCorp.
It too PVSP 2 years to release a mere VOIP app.
Pervasip started with an Symbian VOIP app in 2010, which was written by external consultants for $150K.
This is not the first time that PVSP could be a target for a buyout
PVSP's programmers are raising the bar when coding for the Android marketplace. This company will be a buyout target!
Android Dominates Day 1: Mobile World Congress
Mobile World Congress got off to a roaring start with Android smartphones dominating day one of the mobile industry's red carpet event in Barcelona.
By Eric Zeman, InformationWeek
February 27, 2012
URL: http://www.informationweek.com/news/mobility/smart_phones/232601476
As Mobile World Congress kicked off on Monday, HTC, Huawei, Samsung, and Sony Mobile announced more than a half dozen new superphones. Some of the buzz words filling the day's events included Android 4.0, LTE, 4G, and quad-core. Here's a look at seven attention-worthy Android phones unveiled.
HTC One X: This is a killer phone. The One X features the Tegra 3 quad-core processor. It has four 1.5GHz main cores and a secondary core for low-power tasks. It boasts a 4.7-inch Super LCD display with 1280 x 720 pixels for full HD resolution. The 8-megapixel camera is aided by an ImageChip to help process images faster. This phone can take pictures once every 0.7 seconds. It comes with Android 4.0 Ice Cream Sandwich and Sense 4.0 from HTC. It's all encased in a creamy, polycarbonate shell that's tough-as-nails and not too hard on the eyes, either. HTC has integrated its Beats Audio software across all audio applications, so even Slacker and Pandora can take advantage of the One X's advanced sound-processing software. This phone will land in the U.S. in April with support for AT&T's LTE 4G network, but loses the Tegra 3 and substitutes a SnapDragon S4 processor instead.
HTC One S: This is also a killer phone, but not quite so killer as the One X. The display drops down to 4.3 inches and qHD (960 x 540) resolution, it has a dual-core SnapDragon S4 processor, and substitutes plasma-coated aluminum for the One X's polycarbonate shell. It has the same camera and same software as the One X. The good news is that the One S will debut on T-Mobile's network in the coming months with support for 42Mbps HSPA+.
[ Which gadgets look to steal the spotlight at mobile's big show? See Mobile World Congress Preview: 10 Hot Devices. ]
HTC One V: The One V is a middle-of-the-road smartphone from HTC that still offers good looks and solid features at an affordable price point. The phone has a 3.7-inch display with 800 x 480 pixels, a 5-megapixel camera, a 1GHz S2 SnapDragon processor, and Android 4.0.
Huawei Ascend D Quad: This phone has one of the worst names ever given to an Android 4.0 device, but that's not stopping Huawei from crowing about its custom-built, quad-core engine. Huawei claims that the Ascend D Quad is the fastest smartphone ever built. The company is using its own processor --rather than one from Nvidia or Qualcomm. Other features include a 4.5-inch 1280 x 720 HD display, 8-megapixel camera with 1080p HD video capture, and a 1.3-megapixel user-facing camera for those video chats. Huawei plans to introduce several variants of this phone in a number of markets during the second quarter.
Samsung Galaxy Beam: This one-off Android device is a new take on the projector phone. It includes a pico projector capable of shining a 50-inch, 720p picture on any flat surface. Samsung says the Beam has a 15-Lumen lamp, which is fairly bright considering the small size. Other features of the Beam include a 4.0-inch, 480 x 800 display; 1GHz dual-core processor; 5-megapixel main camera with autofocus, flash, and video capture, as well as 1.3-megapixel user-facing camera. It has quad-band GSM/EDGE and HSPA 14Mbps cellular support, Bluetooth 3.0, and Wi-Fi. It runs Android 2.3 Gingerbread. Samsung didn't say if it will be updated to Android 4.0.
Sony Xperia P: Sony added two phones to its Xperia NXT line, and the P is the first of them. It's not as amazing as the Xperia S, announced at CES earlier this year, but carries the family genes downstream a bit in a more affordable package. It has a 4.0-inch Reality Display with Sony's BRAVIA Engine and WhiteMagic, a new display technology for an ultra-bright and power efficient viewing experience. It also has a 1GHz dual-core processor, 16GB of storage, 8-megapixel camera with HD video recording, and NFC (near field Communications). Unfortunately, it ships with Android 2.3 Gingerbread and owners will need to wait until later in the second quarter for Android 4.0 to arrive.
Sony Xperia U: The Xperia U is aimed more at the entry-level range and has the specs to back that up. It has a 3.5-inch Reality Display with BRAVIA Engine, 1GHz dual-core processor, and 5-megapixel camera HD video recording. It also has "xLoud" stereo sound. The Xperia U has the same Android 2.3 OS out of the box as the Xperia P, and will see Android 4.0 later in the year.
Completely absent? Smartphones running Microsoft's Windows Phone platform. Shame, that.
5 million in debt is actually very minor in the grand scheme of business
Agreed, I want PVSP to succeed as much as anyone.
The Valens debt is not entirely gone yet, it is planned to go away within 10 months. A big $4M chunk is reportedly gone already, against $600K of dilutive shares.
PVSP has approximatively $5M of other debts.
Correct, my post was agreeing with yours .. in re-reading I can see how you thought it was addressed to you .. sorry about that .. just want to stress the 250 is not 'huge' .. this is a number that naysayers would want to play on ..
I stand corrected by bosox1, and don't mind one little bit! I believe we all have the same objective here ...
PVSP!
The bid keeps upticking. Look for some buying pressure today.
Nobody buys your BS here Arty. Need to cover, eh.
Easyme I clearly staed in an earlier post today that 250 million shares is by no means a huge number. So before you post that I am misleading anybody please get your facts straight.
I never stated they were at 250m shares just that we are heading that way if current trends continue.
All I am saying its time for real news.
Arty big difference now, their debt has been retired,
After their last Reverse Split, PVSP stock price fell from $0.70 to $0.06 within 3 weeks.
Although the underlying value of the stock is unchanged by the RS, most Reverse Splits are followed by a sell-off in practice.
Furthermore, Reverse Splits are absolutely useless for Pink Sheets stocks to enter the NASDAQ big board, because they will have no effect on the Capitalization requirements of the NASDAQ, which they are unlikely to meet anyways.
Yea, remember how many shares out
JDSU had back in the early 2000'S?
Billions and sold for 60-100+ a share.
I know, the tech-bubble and all but just
using as an example.
Month end manipulation by mms to cover their shorts. Notice how VFin Pert,Bmas went to .0001 bid, this is how mms manipulate the OTC stocks. The fix was in to bring the stock down when ETMM flashed this price when the stock was trading in the high 4's.
They pull their bid support and place their bids at lower levels looking for sellers.
250 million shares is not a 'huge' number at all. There are many companies with much more, some over a billion, and doing successful business. Saying this is 'huge' is misleading. There's probably 50 million of those owned by folks who post here .. and we are only a few ...
PVSP!
PVSP is the best way to play the growth in the smartphone market. Hold your shares tight.
Gonna be a million soon. A lot of people still don't have smart phones or know what an app is. We are still in its infancy.
PVSP
Nobody's getting any of my shares. Big block offers are the MMS trying to scare shares loose.
From Android-Central via twitter
"850,000 new Android devices now activated
each day, 450,000 apps in the Android Market"
Totally agree fouraces & meerkat!
I wasnt in PVSP either for the last split thank God. Everything you have stated is my opinion also.
That is why it is of the utmost importance right now that we get tangible revenue producing news. The ss even at 250m is easily sustainable with good revenues.
Since the shareholder update in DEC. they have talked the talk now its time for PVSP to walk the walk.
What matters here is market capitalization. Right now it is 4,500,000. Ridiculous for the technology they have developed.
After the debt is gone you will see a share buyback for the issued shares for debt. Sometime in 2013 most likely. I am fairly certain you won't see any reverse splits.
Bosox
I wasn't around for that so I don't know
the circumstances. If we have the goods
I don't believe we need a r/s to get into
the NAZ.
That, at this stage of the game, would be
a shareholder value killer.
Not needed if we have the goods!
Our share structure can support a naz
joining.
In my opinion, if we need a r/s then
we don't have the goods.
Agreed Tabby, that what concerns me at the moment. At the rate we are going we will be 250 million O/S in no time at all. Now that is not a huge number by any means however it is about the same number of shares when they R/S last time if I am not mistaken.
Come on Kar
no one wants to see a reverse split.
Do not be on the sidelines when a SALES CONTRACT is ANNOUNCED. It will become chase city.
PVSP is a BUYOUT candidate. 200 million would be nothing for a major telecom or internet company to tender offer.
PVSP is the purest play on the Mobile VoIP sector on any exchange.
Big money will be entering soon. One SALES CONTRACT and we're off to the races.
Hold them shares tight folks.
Big push to get back on Nasdaq this year
All this financial engineering and debt reduction is aimed at getting us back on the Nasdaq so we can be taken seriously by institutional investors and fund managers that control the vast majority of the stock market funds directly.
Penny Land that we currently live in is the wrong side of the tracks for any real investment money and we have to get out of this neighborhood this year.
Improving fundamentals will help a great deal as will the debt reduction giving us a clean slate going forward.
The number of shares outstanding is really not all that important except to the Troll that enjoys counting shares I guess. The stock currency can be adjusted in two seconds with splits or reverse splits as necessary by the board of directors with share holder approval, and in our case they don't need our votes, the insiders have the majority votes needed.
The only thing that counts in the long run is revenue and profits, and that is what we all are betting on.
Good morning .. and good day to allin PVSP land.
PVSP!
Follow the pattern of how the mms manipulate the bids at the end of each month. Note how they all took their bids to the 50 day ma or lower, shaking out the weak for shares.
I wouldn't want to be on the sidelines
for this.
The company's next 10Q will be huge. Debt reduction and I expect to see some contracts. Hold long and strong.
PVSP CIO MR. RICHARDS STT RADIO INTERVIEW LINK 02-13-12:
This is part of the plan to have a debt free cash flow positive enterprise. When we get SALES CONTRACT NEWS this stock will see .15 imo.
Nice to see - HUGE DEBT REDUCTION.
WHITE PLAINS, N.Y., Feb. 21, 2012 /PRNewswire via COMTEX/ -- Pervasip Corp. (OTCQB: PVSP) (the "Company"), a provider of mobile VoIP and video telephone services that utilize cloud-based technology, announced today that JDM Group, LLC ("JDM") has made an initial payment of $600,000 to the Company's secured lenders, which resulted in a debt reduction to the Company of $4,779,634.
JDM contracted with the Company's secured lenders to pay $1,500,000 over a ten-month period to purchase $13,949,086 of debt, commencing February 15, 2012. JDM remitted the first payment of $600,000, and the Company's secured lenders have assigned to JDM 40% of the debt owed by the Company, or $5,579,634. In conjunction with such assignment from the Company's secured lenders, JDM has reduced the debt that the Company owes to JDM by $4,779,634.
Pervasip's CEO, Paul Riss, stated, "We are pleased that more than one-third of the debt that we owe to our secured lenders has already been cancelled. The settlement agreement with our secured lenders also calls for a zero percent interest rate as long as timely payments are made to our secured lenders from JDM. We believe the reduced interest expense and debt will substantially improve our financial position in the 2012 fiscal year and help position us for growth in the mobile VoIP and video VoIP marketplace."
About Pervasip Pervasip Corp. delivers VoIP and video telephone services for the residential and small business markets, using cloud-based telephony. It differentiates itself through a unique combination of high quality voice services, flexible back-office capabilities and automated provisioning systems. Pervasip recently entered the mobile VoIP services and applications arena, which is expected to approach 300 million users by 2013. It offers a feature-rich, low-cost, high-quality alternative to traditional phone services. For more information, please visit www.voxcorp.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, levels of activity, performance, or achievements 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.
For further information:
AT PERVASIP:
Paul H. Riss
Chief Executive Officer
Ph: 212-404-7633
phriss@pervasip.com
SOURCE Pervasip Corp.
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