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MM are front running the BID/ASK
They are scalping the trades at the .00065, making it hard to hit the BID or the ASK, someone NEEDS Shares!
NEW Tweet PVSP
Pervasip Corp
@PervasipC
$PVSP Love that some shareholders take the time to dig into the Company's information! Answer to one of the questions:
"The line of credit is paid out of cash. It is a traditional bank working capital (albeit expensive = welcome to cannabis). NOT convertible!"
12:58 PM · Mar 3, 2023
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15
Views
2023 Predictions - SAFE Banking Act Will Become LAW!!
If You Don’t Believe, You Won’t Receive: Predicting Three Cannabis Reforms in the Coming Year
Bradley Arant Boult Cummings LLP
I’m not proud of it, but I’m the resident cynic amongst the editorial staff here at Budding Trends when it comes to federal marijuana reform. And after all, someone has to temper the frivolous whims of others. But we’re coming off the holiday season where I told two growing children that if they did not believe in Santa, they would not receive gifts from Santa.
So in that spirit, I’m going to make three optimistic predictions for federal cannabis reform in 2023.
1. The SAFE Banking Act Will Become Law.
Hunter Robinson, my co-editor and good friend, is going to have a field day with this. For the past two years, he has been predicting passage of the SAFE Banking Act. Every time it fails, I mock him and point out that the act is the football that Lucy (Congress) continues to move to make Charlie Brown (Hunter) fall in humiliation.
New year, new me. Let’s see what it feels like to be optimistic.
First, this is good politics for both sides. Sixty-five percent of voters support the legislation. Sixty-five percent of Americans don’t agree on almost anything! This has bipartisan support, and it provides Republicans cover by allowing them to argue that they don’t support marijuana; rather, they are making Americans safer.
Second, important members of both parties have expressed interest in getting a deal done in 2023. Rep. Patrick McHenry (R-NC), who is slated to serve as chairman of the House Financial Services Committee in the next Congress, has indicated that he does not believe the legislation will pass during the lame duck session but may in the next session.
Now, at the risk of reversion to cynicism, there are headwinds:
McHenry made clear that GOP support for the legislation will be largely contingent on whether lawmakers seek to attach additional provisions such as expungements and move it as part of a so-called SAFE Plus package, which Senate Majority Leader Chuck Schumer (D-NY) has been working to finalize and which other members such as Brown have insisted upon.
“You had a wide, bipartisan vote in the House” when it passed SAFE Banking as a standalone, McHenry said. “So if the Senate had just taken that, you could see a substantial vote in the Senate as well. I think the mistake they made was trying to expand beyond what [Rep. Ed Perlmutter (D-CO)r] so masterfully negotiated here in the House.”
If a new set of lawmakers can agree to sacrifice the perfect for the good, the SAFE Banking Act will become law in the coming year.
2. The House of Representatives Will Vote to Legalize Marijuana.
This one may seem particularly out there given the Republicans’ new control of the House. But even if statistics lie (there’s a quote somewhere), the results of elections in nearly 80% of the states don’t. This will not be a key issue for the House, and it could easily be overtaken by events both predictable (recessionary concerns, for example) and unpredictable.
Let’s just call this one a hunch. It almost certainly gets a moment’s notice in the Senate, but something tells me the House of Representatives is going to continue to make history on cannabis issues in the coming year.
3. The 2023 Farm Bill Will Pour Gasoline on the Hemp Industry.
The 2018 Farm Bill was a lightning bolt for the hemp industry. For the first time in nearly a century, it legalized hemp at the federal level. The past four years have seen extraordinary growth in the hemp industry in ways that many could not have even expected in 2018. For example:
CBD became a popular additive in food and beverages, despite the fact that FDA widely prohibited the practice shortly after passage of the 2018 Farm Bill.
Uses for industrial hemp exploded, with hemp being considered as a potential substitute from everyday products ranging from plastic to concrete and fuel.
The development of isomers such as Delta-8 and Delta-10 for the first time in most of our lifetimes made it legal for Americans to legally purchase psychoactive cannabis products – and largely without any government oversight.
Congress is set to pass a new farm bill in 2023. Amongst the many provisions of that legislation, what can we expect on the hemp front? Congress will almost certainly take action on these products that they had not fully appreciated five years ago. My guesses are that industrial hemp is the big winner, there is additional pressure to allow a certain amount of CBD in certain food and beverage products, and isomers such as Delta-8 and Delta-10 are codified but with more stringent regulations at the federal and state levels.
Will any of these predictions come true? Time will certainly tell. But if you don’t believe…
We really don't know how much they are selling if any?
We do know that they have been converting their debt instruments into shares of stock, but we don't know if they are selling some, or all, or none.
With the new Artizen Spin out, if they sell the shares they will not receive any position in Artizen. That doesn't really make any sense to most people.
I do expect a lot of debt note holder to convert the debt to PVSP stock to get the Artizen distribution. What they do after that who knows.
Shareholders are increasing their equity by 65%, total of 80%
This is a major deal for existing shareholders in PVSP who currently own 15% of the companies equity, because of the Preferred Shares that have 85% Conversion rights. Immediately after the Artizen Spin Off, the Preferred will be restructured to 20% and those will be used to absorb convertibles and debt.
What a SWEET Deal for loyal shareholders, management has STEPPED UP!!!
We are extremely excited by the potential of that transaction to position Artizen for significant growth while simultaneously giving all Pervasip common shareholders more than a “double” on their current positions in Pervasip. That “doubling” prospect is extremely important to us, and we have several surprises planned to facilitate and amplify that result.
The New Pervasip
While Pervasip common shareholders of record at the spin-out closing date will collectively receive 15% of Artizen’s common shares in addition to keeping their existing Pervasip common shares, Pervasip’s Series K preferred stock will be restructured immediately after completing the Artizen spin-out to reduce the applicable conversion rights from 85% of Pervasip’s fully diluted issued and outstanding stock to 20%. Importantly, that 20% then will also absorb the full impact of all other Pervasip convertible equity and debt securities. As a result, in addition to receiving 15% of Artizen in the spin-out transaction, Pervasip’s common shareholders will collectively hold 80% of Pervasip’s fully diluted shares immediately after the spin-out transaction instead of the current 15%.
Marcum LLP Fully Audited Financials for PVSP - End of March
It has taken over 1 year to complete this comprehensive audit for Pervasip and Artizen and it is scheduled to be completed end of March or Early April 2023.
Pervasip Announces Hiring of Marcum LLP to Conduct Financial Audit
Seattle, Washington--(Newsfile Corp. - February 1, 2022) - Pervasip Corp. (OTC Pink: PVSP) ("Pervasip" or the "Company"), a developer of companies and technologies in high value emerging markets, today announced that it is in the process of completing the annual audit of its financial statements.
Pervasip hired a national independent registered public accounting firm, Marcum LLP, to audit in accordance with the standards of the Public Company Accounting Oversight Board ("PCAOB") 3 years of financial results for all entities associated with newly acquired Artizen Corporation, which will allow Pervasip to issue consolidated audited financials for the newly combined companies.
"We have engaged with Marcum LLP to provide a first ever financial audit for the operating companies that comprise Artizen Corporation. We expect to file our consolidated financial statements next month using the alternative reporting requirements of OTC Markets, and to follow up shortly thereafter with our PCAOB audited financials. This is another step in our strategic plan to solidify our company's foundation, create transparency for our shareholders and organize for material growth in revenue and EBITDA over the next 24 months," said George Jordan, the company's Chief Financial Officer.
Series K Preferred will absorb ALL Convertible & Debt securities
No future Dilution of Common Shareholders, they will OWN 80% of the equity of the company, up from 15% previously!!
The 20%, restructured Series K Preferred will be used to absorb ALL Convertible & Debt Securities.
The New Pervasip
While Pervasip common shareholders of record at the spin-out closing date will collectively receive 15% of Artizen’s common shares in addition to keeping their existing Pervasip common shares, Pervasip’s Series K preferred stock will be restructured immediately after completing the Artizen spin-out to reduce the applicable conversion rights from 85% of Pervasip’s fully diluted issued and outstanding stock to 20%. Importantly, that 20% then will also absorb the full impact of all other Pervasip convertible equity and debt securities. As a result, in addition to receiving 15% of Artizen in the spin-out transaction, Pervasip’s common shareholders will collectively hold 80% of Pervasip’s fully diluted shares immediately after the spin-out transaction instead of the current 15%.
Lot of small private co. want to go PUBLIC
It is too expensive for most small private companies to go Public using the IPO route to gain access to capital markets.
Looking for an other Reverse Merger between PVSP and a small profitable private company to get the ball rolling.
PVSP is like a 2 for 1 Stock Split, LOL
Dang, this just keeps getting better for long term investors.!!!!
This is nothing more than MM conversions
Seen this a million time in past 6 months. Few of the debt holder converted last year and some of the shares are still be sold.
That morning dump to the BID is the short sale, and at end of day you will see the "Purple Tape Trade" which will happen below BID and is the Covering using those conversion shares they have in hand.
Just have to let it play out. Much of the previous days volume are these, usually 25M shorted daily, with some covered during the day, and the balance covered with the end of day Purple Trade.
PVSP Shareholder will now own 80% vs only 15% before spin off.
More than a DOUBLE in your PVSP Shares:
We are extremely excited by the potential of that transaction to position Artizen for significant growth while simultaneously giving all Pervasip common shareholders more than a “double” on their current positions in Pervasip. That “doubling” prospect is extremely important to us, and we have several surprises planned to facilitate and amplify that result.
PVSP Shareholder will now own 80% of Company vs 15% prior to spin off
While Pervasip common shareholders of record at the spin-out closing date will collectively receive 15% of Artizen’s common shares in addition to keeping their existing Pervasip common shares, Pervasip’s Series K preferred stock will be restructured immediately after completing the Artizen spin-out to reduce the applicable conversion rights from 85% of Pervasip’s fully diluted issued and outstanding stock to 20%. Importantly, that 20% then will also absorb the full impact of all other Pervasip convertible equity and debt securities. As a result, in addition to receiving 15% of Artizen in the spin-out transaction, Pervasip’s common shareholders will collectively hold 80% of Pervasip’s fully diluted shares immediately after the spin-out transaction instead of the current 15%.
PVSP shareholders will get more than DOUBLE their number of SHARES!!
"We are extremely excited by the potential of that transaction to position Artizen for significant growth while simultaneously giving all Pervasip common shareholders more than a “double” on their current positions in Pervasip. That “doubling” prospect is extremely important to us, and we have several surprises planned to facilitate and amplify that result."
"All Pervasip common shareholder more than a "double" on their current positions in Pervasip"
PVSP is Getting a NEW Name, Shortie Screwed, LOL
Pervasip Corp
@PervasipC
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5m
Replying to
@mick8724
It’s a roadmap! Let’s get the spin-out done and get Artizen listed on QB, then get the newly renamed Pervasip up on QB, get traction and build that business and at then look to NASDAQ. Patience and persistence!
All Convertibles and Debt to be wiped out!!!
Pervasip Corp
@PervasipC
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16m
$PVSP The highlights:
Float and common get 15% of Artizen sub = yes, equal or better than current on fully diluted
We’ll be eliminating all dilutive securities post spin-off (read the details).
PVSP shareholder with have more than DOUBLE their Shares!!!!!
PVSP shareholder quadrupling their shares!!
Pervasip Corp
@PervasipC
·
20m
Replying to
@PervasipC
$PVSP More than quadrupling the % held in PVSP by the float and all common shareholders post spin-off
And our new focus for Pervasip post spin-off will be a low entry cost, high growth national and global market. ?? ?? ??
This is HUGE: PVSP shareholders will now own 80% vs 15% before.
While Pervasip common shareholders of record at the spin-out closing date will collectively receive 15% of Artizen’s common shares in addition to keeping their existing Pervasip common shares, Pervasip’s Series K preferred stock will be restructured immediately after completing the Artizen spin-out to reduce the applicable conversion rights from 85% of Pervasip’s fully diluted issued and outstanding stock to 20%. Importantly, that 20% then will also absorb the full impact of all other Pervasip convertible equity and debt securities. As a result, in addition to receiving 15% of Artizen in the spin-out transaction, Pervasip’s common shareholders will collectively hold 80% of Pervasip’s fully diluted shares immediately after the spin-out transaction instead of the current 15%.
Shorts are sweating this, LOL
Watch the BS trading start again, yep just started, 20k, 20k, 20k LOL.
Those are $12 dollar trades, just pure BS BID Whacks!!
They are looking for shares to COVER
Biden’s Attorney General Says DOJ Is ‘Still Working On’ Federal Marijuana Policy Approach
We are getting closer everyday now to legalization in US
Published 6 hours ago on March 1, 2023
U.S. Attorney General Merrick Garland said on Wednesday that the Department of Justice is “still working on a marijuana policy” and that federal health officials are currently taking the lead on a broader ongoing review of cannabis’s federal scheduling status that was directed by President Joe Biden.
“I think that it’s fair to expect what I said at my confirmation hearing with respect to marijuana and policy, that it will be very close to what was done in the Cole Memorandum,” he said, referring to an Obama-era policy that directed federal prosecutors to generally not interfere with state cannabis laws but which was later rescinded by Attorney General Jeff Sessions during the Trump administration.
“We’re not quite done with that yet,” Garland said of the cannabis policy review, adding that finalizing a now-completed memo on crack cocaine prosecutions was a more pressing priority for the department.
Sen. Cory Booker (D-NJ), whose question at a Senate Judiciary Committee hearing prompted the new comments from the attorney general, replied that he’s “very eager to get to hear more about” the administration’s plan for marijuana while “more and more states, red and blue, are moving” to change their cannabis laws.
“It’d be good to hear that as quickly as possible,” the senator said.
https://www.marijuanamoment.net/bidens-attorney-general-says-doj-is-still-working-on-federal-marijuana-policy-approach/
Pacific Capital will make it RUN!!
Word is getting out about PVSP and Artizen!!!
You have to Play to get PAID! Own PVSP to Get Shares Artizen!!
Them's the Rules, you have to OWN PVSP shares to get shares of NEW Aritizen!
Shares will be distributed on an equal % basis.
Own 1% of PVSP shares, then you will receive 1% of the New Artizen Shares.
Only 150M shares will make up the PVSP allocation.
Stock Price is going to RUN, and RUN FAST with such few shares available.
90% of Shareholders paid way more than .0008
Just saying, no wonder there will be very, very few Sellers on the way up, it is just too CHEAP at these levels.
Artizen to OTCQX immediately, Waiting on Audited Financials
There will be no waiting to up list off the pinks, and most likely will be done at the same time the spin off is done.
1 Penny stock price gives market capitalization of $50 MILLION
Management used that figure when Paul Riss converted the companies Debt he held, for 1 cent share price which valued the company at $50 Million.
The current valuation of $2 Million market cap is just plain wrong, and nothing more than the result of heavy shorting of the stock.
Margin capture of 31.6% , Retail 37.5% Margins
Management expect margins to increase to over 40% with transition to retail margins.
Wholesale sales increased in volume by 65%
Cultivation yields increased by 31% across 4 facilities
Buyers are going to have to hit ASK if they want in
Looks like a lot of MM playing in here now, on both sides of the BID and ASK and in between the Two with many trades.
50 Million on BID, only 8m left on ASK 8's going, going gone!!
21M on the BID Now!!!!! Here we Go!!!
Read it again, 1% of PVSP gets you 1% of Artizen
LOL, can't even read when is is spelled out for them
Welcome and you got a great price!!
Nothing goes straight UP, but PVSP is so so so undervalued it is not even funny.
$20 in revenue and $30 projected this year.
We should be trading at least at .005 to .01 right now, and we will soon.
You sound like an Old man
Are you ever happy?
Always the long face, always worried about shorts, or conversions, or dilution good grief man give it a rest.
It is volatile in the markets, and even more so in the PINKs.
If you are long then BUY your position and forget about the daily swings
Little Backing and Filling always good thing!! Going HIGHER!!!!
Nothing wrong with consolidating yesterdays record volume day... Let the traders and flippers get off the train before we start our next leg up!!!
PVSP #2 on Break Out Boards !!!!!!!!!!!
Ton of Eyes on PVSP now, watch the BIDS take off once the Cat and Mouse game between Buyers and Sellers is over!!
One good hit on the ASK will start the stampede!!!!!!!!!!
https://investorshub.advfn.com/boards/breakoutboards.aspx
Nearly 10,000 people viewed PVSP Twitter!!!
Pervasip Corp
@PervasipC
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20h
$PVSP Announcement re forward strategy forthcoming this week! We are very excited about our plans!
Viewed 9445
With $20M to $30M in Revenue, price should be 1 to 3 Cents!!
How stocks can get so underpriced is amazing, but anything goes on PINK sheets.
PVSP $20M to $30M Revenue - so Undervalued laughable!!
Market cap is $2 million with revenue of $20 Million projected to $30 Million end of year.
Cannabis companies were valued 6 X trailing revenue, but more recently still valued at 2 x revenue.
PVSP at 6 X would be $120 Million market cap
Even at 2 times it should be valued at $40 Million and at current price of .008 we are valued at a couple $Million dollars which is just plain NUTS.
Stock should trade at 1 to 2 pennies today.
You have to OWN PVSP shares to get shares in Artizen Spin Off
Remember you only get shares in the Artizen Spin Off if you own shares in PVSP.
Example, if you own 1% of PVSP shares, you will get 1% of the shares in the New Artizen Spin Off.
Artizen will be capitalized will a total of 100M shares of common stock, and the total number of outstanding shares will be less than 15M with a trading float of a million shares estimated.
Revenue is in the $20m range and projected to reach $30M by end of year.
Spin Out of Artizen is being handled as a tax free distribution.
Paul Riss Tweet today: PVSP is a POWDER KEG!!
Check out the company he talks about, XALL, it is up from .002 to .013 in 4 days!! Pennyland is where PVSP is headed!!! He owned 350 Million shares PVSP last time I checked.
Chairman of Here To Serve Holding Corp. OTC:HTSC. OTC financial reporting expert for SEC registered or alternative reporting companies.
NYheretoserve.techJoined October 2011
167 Following
1,645 Followers
Followed by Pervasip Corp and PENNY STOCK MADNESS
Paul Riss’s Tweets
Paul Riss
@PaulRiss
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2h
$PVSP is a powder keg. Looking to follow $XALL.
We see the path. Year end numbers are due tomorrow
https://twitter.com/PaulRiss
PVSP Closed #5 on the Breakout Boards !!! Eye Balls on PVSP
Getting lot of Eye Balls on us today.
132 MILLION Shares Traded, that is a 2 Year High!!
Tomorrow will be a runaway TRAIN!!
Stock is so undervalued, should be at least 1/2 Penny to a couple of Coppers.