small cap value plays,promotion plays and temporary market imbalances
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That's what I expect too- outreach plans about to start up- Time for everyone to turn the page onto a new chapter
that's a very reasonable target with the large money infusion and all these pieces starting to come together
Our Grow Big subsidiary is a premier retail destination and grower education center, providing agriculture and horticulture grow supplies and consultative services for marijuana growers on both the commercial and hobbyist level. We believe it has become a trusted source of knowledge and products. In addition to our Grow Big’s retail business, we are building our first state-regulated testing lab under the brand name Amulet Labs that will be designed to provide mandated compliance testing to the retail and medical marijuana businesses in Colorado
take a look Laurus was already paid off removing their debt that will show in the next Q :)
- 5 million line of credit-
Lab being built out for state medical mj testing
This is huge!
Step aside MJNA
We should see a huge turnaround over the next 2 months
This has no business being a 0003 stock- this has everything and more that MJNA has valued 50X more than us
Fully reporting MJ/Hemp company
portion of the TCA proceeds was paid to Laurus on October 14, 2015, thereby eliminating the balances due from the Company to Laurus and releasing the security interest and liens filed by Laurus. Consequently, the Company will record a troubled debt restructuring gain of approximately $1,790,000 in the fourth quarter of fiscal 2015
On October 14, 2015 the Company closed on a Securities Purchase Agreement (“SPA”) with TCA Global Credit Master Fund, LP, a Cayman Islands limited partnership, as lender (“ TCA ”). Pursuant to the SPA, TCA agreed to loan the Company up to a maximum of $5 million for working capital and general operating expenses. An initial amount of $500,000 was funded by TCA at the closing of the SPA. Any increase in the amount extended to the Company shall be at the discretion of TCA.
In addition to our Grow Big’s retail business, we are building our first state-regulated testing lab under the brand name Amulet Labs that will be designed to provide mandated compliance testing to the retail and medical marijuana businesses in Colorado. We intend to form a new, wholly-owned subsidiary to initiate and administer laboratory operations using conventional analytical equipment, however, we have targeted and plan to acquire the exclusive rights to new patented technologies for advanced, multi-parameter, real-time chemical detection. We believe those technologies and our Canalytix analytics technologies to be especially important to analytical challenges faced by retail and medical marijuana businesses. We plan to co-locate Amulet Labs at Grow Big’s retail outlet, providing synergistic overlap in customers and foot traffic, and to leverage our regional presence and capabilities to provide an array of value added, financial, consultive and technology-driven on-site services to residential and commercial growers in the local market. Utilizing these retail and scientific testing platforms, we are also developing a portfolio of technologies and intellectual property assets for new products and services that we intend to test and commercialize within the cannabis industry. We believe our retail and marketing platform combined with our scientific expertise provides us with a compelling opportunity.
That would be a good start towards rebuilding some trust with the market and hopefully it marks the beginning of the outreach plans.
I'm expecting more Psoria Shield machines to be delivered.
This could get very exciting if these machines start popping all over the world..
now that the device is market ready we should start to see more announcements imo
I've seen companies that are non-reporting or have no revenues command higher share prices than PVSP- once the Q is out with Grow Big this could really heat up because we shouldn't be this low anyways.
If they start outreach plans and we get frequent news we might revisit 52 week highs faster than people think.
Top it off with debt restructuring and more acquisitions we could easily establish new highs.
Q with Grow Big Revenues should be a good start
Yes, we should see it tomorrow unless they file an extension.
might be time for them to move up and hit the ask :)
I think we are close
well done... we had some rough days in that process before it got better but that was one heck of a rollercoaster
agreed
Agreed... this looks to me like a planned quiet phase..
I think it will then be lots of news/events in all out barrage of communications and buying..
If and when strong news hits the bigger players will probably clear all this cheap stuff in a hurry and put us back in the 00's and out of the trips
500 million shares x .0004 =
only two hundred thousand in buying
Thanks StockScout1 for posting.. that should be a nice near term catalyst. 10X + revenue increase expected
0004s up!!
some after hours or Monday morning news would be nice :)
months ago people were paying 002s + and the company wasn't ready to start delivering the good stuff..
I think they are very close and the entry price is much lower
great risk/reward- as a safety net the next Q should have significant leap up in revenues- over 1 million + per quarter to provide another near term catalyst just around the corner
We will :)
companies that aren't fully reporting that have zero revenues trade in these ranges..
not companies with an expanding 38,000 square feet MJ/Hemp store with a lab being built out and 5+ million in revenues and plans to eliminate debt.
# outreach plans
We are taking steps to improve our share structure, including the elimination of all classes of preferred stock except for the new class of preferred (Series H) used to complete our recent acquisitions, and we already eliminated one billion shares of common stock issued to FLUX Carbon Corporation ("FCC"). We have also finalized terms and are currently working on debt restructuring, investment, joint venture, license and acquisition agreements for transactions that we expect will involve issuance of approximately 20% of our share ownership in the form of restricted Series H shares. Once finalized, and when taken with previously issued restricted Series H shares, those agreements will correspond to about 80% of our share structure in the form of restricted Series H stock and 20% in the form of common stock (all of which shares are in the public float). Significantly, FCC has agreed to continue to reduce its ownership to offset the dilutive impact of any and all debt conversions that occur moving forward until all existing convertible debt is satisfied.
We have no intention of completing a reverse stock split for the foreseeable future. However, our share structure and outstanding shares will need to be addressed if we are to achieve our ultimate plan of up-listing. We intend to submit a petition to do so after completing our restructuring and acquisition plans and achieving targeted valuation and listing goals – and we hope to be in a position to do so in the latter half of 2016.
Arthur, good to see you on the board today..
you know better than that silly :)
On July 1, 2015, Pervasip Corp. (the “Company”) executed and closed under a securities purchase agreement with Flux Carbon Corporation (the “Buyer”), pursuant to which the Company acquired from Buyer 100% of the issued and outstanding equity of Plaid Canary Corporation, a Delaware corporation (“PCC”), in consideration of the issuance by the Company of 500,000 shares of Series H preferred stock, par value $0.00001 (the “Series H Preferred Stock”) of the Company.
PCC is the majority owner of Grow Big Supply LLC (“GBS”), a retail supplier of products and services for agricultural facilities. In 2014, GBS recorded, on an unaudited basis, revenues of approximately $5,700,000 and an operating loss of approximately $32,000. Beginning on July 1, 2015, the operating activities and financial statements of GBS will be included in the Company’s consolidated financial statements.
better- not great yet :)
current revenue of 65,000- should easily see a 1000 percent increase in the next Q with Grow Big
Should help give the stock an additional lift
Fully reporting company- with over 5 million in revenues we should be at 003 not 0003.
lots of people are trying to hold this down and accumulate- we always see these little taps on the 0002s
they want to own as many shares as possible going into the next run and outreach plans
we all know the wait and quiet period has been rough, but a fully reporting mj/hemp company with 5+ million in revenues should have never gone this low.
lets begin those outreach plans
Get ready for a big run Arthur :)
Arthur Fluff prs- really... this company has put out very few prs-and we are waiting on acquisitions & debt clean up which is of course is behind schedule.
Fully reporting MJ/Hemp company with a 38000 square feet store & a lab being built out with over 5 million in revenues in a quiet phase about to come out of it and people aren't willing to hit the ask at triple zero 0003... I've now seen everything in the market- lol
A stock trading at .0002- 0003 range with significant revenues about to show up in a Q should make for a nice near term catalyst
pepi.. don't think that's the issue right now... 5 million shares of trading for the day with about 4 billion out is hardly a call for usual supply to MM'S ?
Boy they really hit us with shares today?
The issue right now is the company has been completely quiet on the communications front- I expect that to change #outreach plans
Kevin has lots of money on the line... he may not want Paul talking to shareholders or instructed him to be quiet? or like the last time Paul went semi-quiet before Grow Big announcement citing under strict NDA...he may be quiet before another round of big announcements.
They have stated that they will begin outreach plans- we should be fast approaching a turnaround.
I agree... I look at the new story not the old and I know lots of supporters are buying on the bid while this window of opportunity with cheap shares remains. Comparing this to pvsp pre-Grow Big & pre-Canalytix is in some way apples vs oranges.. the problem I have is we shouldn't be this low and the company shouldn't have allowed this to get this low with what they have..
Its not that difficult of an equation to get the share price back up.. (which they have stated they will do)
- Over communicate-news, future vision, developments.. anything you can talk to shareholders about- especially Grow Big- (Grow Big is a very very marketable.. buzz worthy story- what did we get 1 announcement hidden in the Plaid Canary Announcment...)
- find methods to Slow or hold off dilution to get the PPS back up
- bring in buying- from the company's own network and seek out shareholders via communications to the market..
Right now they have kept us in the dark and with almost zero communications- the letter to shareholders explained several items. I've seen companies with 3x the debt and fractions of the revenue and storylines not nearly as good command a much better share price.
Either Paul & Kevin Kreisler
-don't know how or just simply don't care to attract buyers via market communications
-or they want the PPS lower hence the extended quiet phase and no communications
-or they have some heavy hitting stuff coming or lots of news flow set to begin and they intend to begin outreach plans as stated and they have focused on completing business events.. ( I think it's this one... )
Paul & Kevin need to stop the disappearing act bs on the public front- if they want support they need to go after it.
Fully reporting, acquisitions.. lots of nice early pieces- time for them to deliver on getting shareholders to a better spot and clean this deal up-
next Q huge revenues near term should really help.
I'm excited to see this to be rocking again soon..
that part is not true Arthur
its revenues will show Arthur just like other companies that have subsidiaries.. filings talk about that
Our revenue for the six-month period ended May 31, 2015 decreased by $384,194, or 85%, to $66,821, as compared to $451,015 reported for the six-month period ended May 31, 2014. The decrease in revenues was due to the sale of most of our customers on September 30, 2014. We believe we are now in a better position to rebuild our revenues with our acquisition of Canalytix and Plaid Canary. For the first time in several quarters, we recorded a quarterly increase in revenues. Our second quarter revenues in fiscal 2015 of $65,927 represented an increase of quarterly revenues of $65,033, over first quarter revenues of $894, and was nearly all due to application development sales involving our new Canalytix subsidiary. Beginning in the third quarter of fiscal 2015, our revenues will also include the sales from our Grow Big subsidiary.
I agree with a good portion of your message but what the company has done here during this quiet period is unfortunate and they shouldn't have allowed the stock support to fade this much.
I believe they will turn this around but they keep missing timelines and them just sitting in silence day in and day out and having Paul no longer take calls or e-mails has some benefit don't get me wrong but for transparency purposes and to demonstrate concern for shareholders the company needs to get active soon.. lets hope next week kicks things off- they cant service debt down here at 0002 and 0003 so it will be nice to see the master plan they speak of unfold and begin # next week.
Every shareholder at every point in time should matter.. not just when Kevin & Paul decide to care.. outreach plans and 4-6 weeks estimate should both arrive..better late than never
just a share for the board before the weekend-One of the e-mail's I got from Paul Riss a few weeks ago- for some it will be entertainment I get that.. I normally would keep it private out of respect but them letting us bleed out down here before beginning outreach plans has me not extending that courtesy. everyone can interpret the e-mail however they want
When I log on to my brokerage account it shows that PVSP stock is up 125% in comparison to the price 6 and 12 months ago.
Simply by bringing Canalytix and Plaid Canary to PVSP, the company has become more valuable.
Kevin knows what the shareholders are feeling and he tells me he is confident that he knows what to do to create additional value.
You made a comment about bringing in new leadership. My paid salary last year was $100 and Kevin does not draw salary from PVSP. This new interim lead person that you refer to, what should we pay him? Do you think he will work for my salary? Do you think he will inject more than $1 million into the company like I did? Wouldn't it be better for us to pay off debt instead of incurring more overhead? We don't want to do window dressing, we want to make significant gains and accomplishments.
You are listening too much to the bashers. We just gave our vision and our plan in the 10-Q and a new shareholder letter. It takes a bit of time to execute. We believe there are very exciting disclosures in these documents and several reasons for shareholders to be excited about the future. We will put out additional news as soon as we have it.
I believe Kevin cares more than you realize. I believe he wants to have a big win that shows he is shareholder friendly. His work at Greenshift was technologically significant, but he had too large a CD. Many of us learn from our mistakes in the past and are able to execute better when we have a new project. We believe we have a manageable level of CDs, and Kevin is having Flux give back stock for every CD conversion made.
Have you ever heard of that before? Is that not shareholder friendly?
As always, I appreciate your concern and I appreciate your interest in and support of Pervasip.
Blessings,
Paul
Here's my take on it- the sales that are now being shipped out are the orders of 450k announced from several months ago.
They had some hiccups on the unit and they needed to perfect the manufacturing of the device so they can begin a larger rollout- this is just the tip of the iceberg-imo
(Here's the hiccup part in bold)
Knowing all along that we had the ultimate device for the market, I am glad we endured the pressures of shipping units later rather than sooner - for the sake of perfection in performance and reliability. As a result, we now have the materials and support mechanisms in place to allow physicians to maximize the utilization of our device. At the end of the day, we are shipping a better unit today and our dermatologists and their clients will benefit from our determination, added Chris Waugh, marketing director of PDC.
And here is what I think we now have to look forward to now that they have the product officially ready
In addition to Psoria-Light shipments within the United States, sales channels are also being established internationally within Canada, Mexico, Latin America, Asia, Europe, and Africa, which will give Psoria-Light significant global exposure in the skin treatment sector whereby more than 700 million people suffer from auto-immune related skin diseases.
Go us!