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Will Allow Options for long-term equity financing
Some of you don't like discussing the future 6 months out, but WebRTC is the Future so ignore it at your own peril.
Pervasip Reduces Debt By More Than $5 Million
Pervasip Corp. (QB) (USOTC:PVSP)
WHITE PLAINS, N.Y., March 4, 2013 /PRNewswire/ -- Pervasip Corp. (OTCQB: PVSP)
Mark Richards, the Company's chief information officer, added: "The world changed a few years ago with the introduction of smartphones and tablets. It will continue to change in 2013. Imagine a world where your phone, tablet, iPad, TV and computer all communicate on a common platform. Imagine video chat on any platform through your web browser. That's WebRTC. It's where our team and our technology are heading. The day where you can seamlessly connect video and voice without worrying about how the underlying technology works is closer than people can imagine. I want to connect to the person irrespective of whether they are at their desk, on their smartphone, or their tablet, and let the technology figure out where they are and how they are connected."
Riss continued: "WebRTC is a tremendous opportunity that we believe we are well-positioned to exploit. We are focused on increasing and servicing our subscriber base. We are very pleased with the refinancing and eliminating of a substantial majority of our secured debt because we believe this series of transactions will allow us to start exploring options for long-term equity financing at enhanced valuations."
"We believe our Debt was Holding us back"
Pervasip Reduces Debt By More Than $5 Million
Pervasip Corp. (QB) (USOTC:PVSP)
WHITE PLAINS, N.Y., March 4, 2013 /PRNewswire/ -- Pervasip Corp. (OTCQB: PVSP) (the "Company") today announced its execution of a series of agreements to refinance and eliminate approximately $6 million in senior secured debt. Based upon payments made last week to its secured lenders, approximately $5,031,000 in debt due to its senior secured lender has been immediately eliminated from the Company's books.
"This financing is a significant milestone for Pervasip," said Paul Riss, the Company's chief executive officer. "We believe we have a strong technology platform, an exceptional team of technologists and innovators, and a sizeable head start with our current generation of mobile VoIP and video apps and our existing subscriber base. We believe our debt was holding us back."
5th time we been down here since Dec
The weekly chart shows a real nice head and shoulders breakout pattern developing.
The MM can move this anytime they want to by just moving off the ASK and open the spread to the upside. Eventually they will just like they have done 5 times before.
People are assuming the selling pressure is CD Holder
What if you knew that the CD holder is not selling shares and we have a bear raid on the stock by short sellers that are counting on those CD holder shares to allow them to cover their short?
Someone would feel rather foolish don't you think when they find out they can't cover?
Keep the share coming, been buying all week.
Never did make sense of these folks
I guess it is just their nature, kind of like the guy that hate his local football team but goes to every game and bashes the players, makes them feel better or something I guess.
Myself, I just wouldn't go to the game and in this case just sell and buy something else.
212-404-7633 Call Paul and Ask
Contact:
AT PERVASIP:
Paul H. Riss
Chief Executive Officer
Ph: 212-404-7633
phriss@pervasip.com
Other than Price, most feel pretty good about PVSP
I think most investors feel very positive about the future for PVSP and VoX with the Mobil App for Android and iPhone coming very soon.
WebRTC later this year is really the icing on the cake and will make real time communications both audio and video mainstream forever looking forward. Every type of device including phones, tablets, televisions and even cars will be communicating directly between each other in audio and real time video, very exciting time ahead.
We really should be able to get conventional financing once the iphone and ipad app is out there and we quickly double our customer base. Lenders want to see a business model that generates cash to be able to pay the financing charges and we are almost there.
Thousands of iPhone & ipad users are waiting for the VoX ISO mobile app to be released any moment.
My guess is we will see a 50% increase in sales revenue in the first 3 months after the product is released. We need those positive growth numbers to get some investor Love.
Not all Dilution is the same
When a company issues stock and takes the proceeds to reduce corp debt it should be a wash on the balance sheet, however when they are paying off debt at 10 cents for every $1 dollar, this is a tremendous opportunity.
The overall intrinsic value of the corporation will be worth a lot more without that $14 million in debt hanging around its neck, and it only cost us $1.4 to cancel the debt, a no brainer. The problem is when you don't have the cash you do it by issuing convertible debt and the oversupply of shares being converted can have a short term effect of lowering the share price.
In theory if the cash raised is used to pay off the debt at $1 to $1, there should be no change in the intrinsic value of the corporation, but when it is being done at $1 to eliminate $10 of debt it is a deal that you can't refuse. If the money was used for some far flung other reason like building a new building that would be a different story.
We need to reach an equilibrium of new business prospects and increasing revenue attracting new investors to help absorb some of this over supply, or we need to attract new financing that would eliminate the need to issue shares and also allow for the company to initiate a share buy back program.
Tape showing 1.7m, reality 2 trades 721k, & 294k
There are not nearly the number of shares actually trading as the tape is showing. If you add up the actual trades shown from various sites, it is actually about 60% of the total, and many of those are MM swaps.
MM are trying to create the allusion that a lot of shares are trading, when in fact they are not. Very, very few real people are selling shares down here.
Intrinsic value of company not reflective in price
The intrinsic value of the company is not reflective in the share price as the selling pressure on shares is the result of the CD conversions that are pushing shares into the market to raise cash to reduce company debt.
Even at 600m shares outstanding the company value is just over $1 million dollars with sales of over $1.25 million and margins of 55%. Huge potential here to make a lot of money as company becomes profitable. ISO app for iphone and ipad will easily double our downloads and paying customers.
If we do just $2.5 million a year with 55% margins we be profitable and with revenue growth of 100% a year the street will take notice and the share price will break out of this sub penny range.
Mobile Voice & Video across Platforms & Devices
Remember where this is heading, it is about much more than just mobile Apps and will include internet smart TV, and be browser based WebRTC so all the devices will be communicating with audio and video and VoX wants a piece of this action.
The company visualizes a future that there is video centric, encompassing mobile voice and video across platforms and devices, including those running Android, iOS, and Windows, containging tablets, phones and even televisions, all built on the WebRTC framework.
VoX visualizes a Video Centric Future
Great write up from Trutower
http://www.trutower.com/vox/
Vox Mobile VoIP
VoX Communications has been a VoIP provider since 2005. The company originally started as a competitor to Vonage's landline division with a residential two line traditional VoIP service, but has been transitioning to mobile VoIP and Video for the last 3 years. The company visualizes a future that there is video centric, encompassing mobile voice and video across platforms and devices, including those running Android, iOS, and Windows, containging tablets, phones and even televisions, all built on the WebRTC framework.
The company currently has an application for Android which allows both voice and video messaging. The app has amassed over 160,000 downloads with almost no marketing driving its growing popularity. The company has an iOS application coming soon, with Windows Phone and BlackBerry 10 versions to follow in late 2013 or early 2014 as their market adoption rates grow.
The application stands out through its locally tailored plans that include calling to mobile phones in Mexico , India, Vietnam, and the United Kingdom. The company also offers a Pay As You Go plan that can be topped up with as little as a dollar and can be used to make calls anywhere in the world. The company offers 60 minutes of calling time to new customers to call anywhere in the world for free.
WOW, Samsung Shipped 6M Galaxy S4
This is what Mark was talking about below
VoX's Chief Information Officer, Mark Richards, noted, "We added 13 more countries in April including the U.S. and are happy to report a 25% increase in downloads from the Samsung store in the last 30 days. We attribute this largely to the size of the growing US market, and the recent phenomenal success of the Samsung Galaxy S III and Samsung's most recent flagship, the Galaxy S4."
Samsung Shipped 6M Galaxy S4
May 15, 2013By Anna Peel
Samsung’s Galaxy S4 smartphones are in high demand. One executive recently claimed that the South Korean tech company shipped out about 6 million GS4 headsets, which breaks the record for sales of previous generations.
The unnamed source explained, “As of the end of April, we supplied 4 million Galaxy S4 handsets to telecommunication operators around the world. Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) sold 4 million devices within a few days.” The company added, “As of Friday [May 10], we have sold more than 6 million units, and we predict that we could break the 10-million mark by as early as the end of this month.”
This report isn’t surprising, as all of Samsung Galaxy S smartphones sell well. However, it is notable that none of the previous generations have sold out as quickly as the Galaxy S4. Back in 2010, it took 85 days to sell 3 million Galaxy S smartphones and 55 days to sell 3 million Galaxy S IIs in 2011. Last year, it took just 21 days to ship 3 million Galaxy S III phones. Now Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) sold 6 million Galaxy S4 phones within 19 days.
Much of the company’s success can be attributed to their strong marketing push as well as extensive distribution agreements with wireless network operators throughout the world. Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) introduced the new smartphone at the Radio City Music Hall last month and had another big event at Times Square. It also helps that the Galaxy S4 will be available at a variety of carriers such as Verizon Communications Inc. (NYSE:VZ), Sprint Nextel Corporation (NYSE:S), AT&T Inc. (NYSE:T), T-Mobile USA, US Cellular, and Cricket among many others. A recent report from Chitka claimed, “The Galaxy S4 seems to already be picking up where the popular Galaxy S3 left off. With its impressive growth rate, along with the upcoming Verizon Communications Inc. (NYSE:VZ) launch of the device, it’s likely that the Samsung Galaxy S4 will become the latest hit device for the Korean company.”
Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930)’s latest gadget prevails.
Everyone Hunkered down after that Shelling
Anyone coming out of their fox holes yet, after that last week of shelling I wouldn't blame you if you just stayed low for a while, my ears are still ringing.
When the dust and smoke clear things will look better and buyers will begin to step in once again, unless they start pounding us again and we will just pull back and wait for a better time to strike back and take this thing higher where it belongs.
They were waiting for UP Tic to Short 1.5m at the Bid
Yep, they were waiting for UP Tic, then they immediately Shorted 1.5m at .0017.
No trades for nearly 2 hours then 200k, and 172k at .0019 and within 30 sec the 1.5m to the Bid
The Up Tic rule requires them to only be able to Short to the BID, after a trade at the ASK, of course they know how to play that game but they are being watched as many complaints have been filed and the company management ain't happy about what is going on.
What time do the Dive Bombers usually show up?
Seems like they show up late morning or early afternoon.
Got a lot of ammo and don't want to waste any of it.
Laying in wait, like a lot of others, for the the bandits to show their faces and then POW!
Arthur it says conversion .01
Payment of Interest and Principal . Principal and interest payments on Amended Note 2 can be made at any time by the Company, or the Fund can elect at any time to convert any portion of Amended Note 2 into shares of common stock of the Company, par value of $0.001, (the “Common Stock”) at 100% of the market price (as defined) subject to a limit of 4.99% of the Company’s outstanding shares of Common Stock. Amended Note 3 converts into ten percent (10%) of the outstanding shares of Common Stock of the Company upon the full payment of Amended Note 2, subject to a maximum of 100,000,000 shares. Any principal or interest amount can be paid in cash.
Amended Note 1. Amended Note 1 amends and restates in its entirety outstanding debt securities issued by the Company on May 31, 2006, September 28, 2007, May 28, 2008, October 29, 2008, February 18, 2009, October 6, 2009, and November 5, 2009 to Laurus Master Fund Ltd., or its affiliates (“Laurus”) for an aggregate total amount of $6,043,850. The Amended Note 1 was cancelled by the Fund and marked “Paid in Full” on February 15, 2013.
Amended Note 2. Amended Note 2 amends and restates in its entirety (and is given in substitution for and not in satisfaction of) that certain $2,000,000 Secured Term Note made by the Company in favor of Laurus on November 30, 2005. The principal changes effected in Amended Note 2 are the reduction in the interest rate to six percent (6%) per annum, the change in the maturity date from September 28, 2010 to December 31, 2014 and the ability of the holder to convert the note into shares of the Company’s common stock at 100% of the volume weighted average trading price of the Common Stock, as defined.
Amended Note 3. Amended Note 3 amends and restates in its entirety (and is given in substitution for and not in satisfaction of) that certain $1,700,000 Secured Term Note made by the Company in favor of Laurus on May 31, 2006. The principal changes effected in Amended Note 3 are the reduction in the interest rate to two percent (2%) per annum, the change in the maturity date from September 28, 2010 to December 31, 2014 and the ability of the holder to convert the note into shares of the Company’s Common Stock at a price of $0.01.
Google VP8 video codec now included in App
This is an important development in our iPhone & ipad App. Mark indicated yesterday that Google has very recently made available their video codec VP8 which in all likely hood will be the new standard in browser based real time communications, known as WebRTC which is underway and will be adopted later this year.j
Mark is all over this and sees the future for video communication built into the browser and says we are a leader in the space, we shall see. Apparently he wanted the current version of the iPhone & ipad app to have the VP8 codec so it may have taken a few weeks longer but it will be here soon IMO.
"We have also taken the time to ensure the anticipated iPhone App is accepted in its first submission to the Apple Store. The voice quality of our iPhone App has exceeded our expectation and we have now included enhanced voice and video codec support, after noting the recent successful initiative by Google to make available their VP8 video codec. The envisioned video ecosystem of Android, iPhone, and video phones joining a video centric world built around WebRTC has taken a step forward."
Should Bounce this week
Feb and Mar we bounced off these levels after 5 to 6 days in this range, we are due.
Long-term Debt - Convertible at $.006 share
We are trading well below the convertible floor for the debt holder here, they would not be converting at .006 to sell at .002, for a 66% loss.
On November 23, 2011, the Company entered into an agreement with an unsecured lender under which the Company assigned a total of six unsecured convertible notes (the “Notes”) with a carrying value of $292,148 and a face value of $400,004 to a new unsecured third-party lender. The Notes had a stated 6% interest rate and were due at various dates during 2012. Such notes also contained embedded beneficial conversion features for an undeterminable number of shares, which was bifurcated and accounted for as a derivative liability calculated using the Black Scholes method described above and was valued at $497,667 on November 23, 2011.
Upon such assignment, the Company and the new lender restructured the terms of the outstanding notes, creating one new convertible note (the “New Note”) with a face value of $400,004, an interest rate of 6% and a three-year term stating that all principal and accrued interest shall be due on November 23, 2014. Additionally, the New Note contained a beneficial conversion feature allowing the new lender to convert any outstanding principal balance in to shares of the Company’s common stock at a rate of $0.006 per share.
CEO bought 3.3m for .006 in November 2012
Paul paid $20,000 for 3.3 million shares 6 months ago, at price of .006 and now we are at .0019, down 66% from what he paid as an insider. I am sure he did not plan on throwing his money away and must of felt the .006 was a great deal. Time will prove it was a great deal.
20-Nov-2012
Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securities,
Item 1.01. Entry into a Material Definitive Agreement
On October 24, 2012, Pervasip Corp. (the "Company") entered into a subscription agreement, as amended (the "Subscription Agreement") with the Company's Chief Executive Officer, Mr. Paul Riss (the "Subscriber"). Pursuant to the terms of the Subscription Agreement, the Company sold, assigned, transferred and delivered to the Subscriber 3,333,333 shares of common stock, par value $0.001 per share (the "Common Stock"), in exchange for an aggregate purchase price of $20,000, at a price of approximately $0.006 per share (the "Private Placement").
The Company used the proceeds of the Private Placement for general corporate purposes, including general and administrative expenses.
Conversion Price is .02 for $450k to payoff $7 Million Debt
Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securities,
Item 1.01 Entry into a Material Definitive Agreement.
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.
Under the Assignment Agreement, the interest rate on the Notes is reset 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.
As further consideration, the Company issued to the Holders a series of three-year warrants to purchase an aggregate of 10 million shares of Common Stock at a price of $0.01.
MM 5.5 m Shares .0017 at 15:59:44
IMO, that was the same BS After Hour Short Cover using the CD holder shares, just a few seconds early. These guys are shorting during the day and have an easy cover after hours, always at that lower end of the daily range.
Nah, MM just retesting the lows
Could be the bounce today or tomorrow.
Last one was for $10, 5k shares to Bid
Really doesn't matter, let them have a little fun. Moving more cash for more buying later this week so I am cool with these levels.
IMO the stock will blow out just as soon as NEW FINANCING package is announced shortly after the launch of the ISO for Apple devices. The convertible CD days are nearly behind us as are these cheap shares.
New ISO App will include Google VP8 Video Codec
Real game change here coming very soon. VoX is preparing the App for browser based WebRTC that is coming year end that will connect the video calling world regardless of device.
"We have also taken the time to ensure the anticipated iPhone App is accepted in its first submission to the Apple Store. The voice quality of our iPhone App has exceeded our expectation and we have now included enhanced voice and video codec support, after noting the recent successful initiative by Google to make available their VP8 video codec. The envisioned video ecosystem of Android, iPhone, and video phones joining a video centric world built around WebRTC has taken a step forward."
Fundamental will not be denied
Increasing Revenues and Profits will trump any attempt to manipulate the price long term, but short term they can do what they want. View it as an opportunity to pick up cheap shares that other wise would not be available to you.
10k Taps for $19 start again
there goes 9 in a row for $19 each dumped to the Bid
Don't think it is a MM, to obvious attempt to manipulate and the MM at .0019 is not moving off.
WHITE PLAINS, N.Y., May 14, 2013 (GLOBE NEWSWIRE) -- Pervasip Corp.'s (PVSP) wholly-owned subsidiary, Vox Communications, a cloud-based voice and video communications solutions, apps and services provider, has now made its Android mobile VoIP calling application, with video plug-in, available to all devices that have access to the Samsung App store.
Over a billion devices currently have access to the store and subscribers now have access to the VoX "Pay And Go" subscription-free calling plans. The "Pay and Go" plan can be topped up with amounts as little as one dollar and enables calling anywhere in the world without paying a monthly subscription fee.
VoX's Chief Information Officer, Mark Richards, noted, "We added 13 more countries in April including the U.S. and are happy to report a 25% increase in downloads from the Samsung store in the last 30 days. We attribute this largely to the size of the growing US market, and the recent phenomenal success of the Samsung Galaxy S III and Samsung's most recent flagship, the Galaxy S4."
"We are also encouraged by the fact that our downloads from the Google Play Store continue to increase and our paid conversions are also increasing," continued Richards. "We note that some of our more recognized competitors in the market have achieved staggering numbers of subscribers, not because they have a better App, but simply more marketing dollars. We are looking at many ways to increase our marketing budget and are very confident in the quality of our products."
"We have also taken the time to ensure the anticipated iPhone App is accepted in its first submission to the Apple Store. The voice quality of our iPhone App has exceeded our expectation and we have now included enhanced voice and video codec support, after noting the recent successful initiative by Google to make available their VP8 video codec. The envisioned video ecosystem of Android, iPhone, and video phones joining a video centric world built around WebRTC has taken a step forward."
The VoX Mobile VoIP Android App can be viewed or downloaded here:
https://market.android.com/details?id=net.voxcorp
LightSquared gets FCC approval to temporarily share spectrum
By Joseph Checkler, Dow Jones Daily Bankruptcy Review
Tuesday 07 May 2013
Ailing LTE wholesaler given until 20 July to test if its network can coexist with federal services on adjacent bands.
The Federal Communications Commission said LightSquared could temporarily share a band of wireless spectrum to test whether its mobile network can coexist with federal authorities' use of that space.
The FCC last week gave LightSquared three months to share a band with the National Oceanic and Atmospheric Administration, which uses the
(continued)
FCC Chief Sees LightSquared Getting Cleared for Airwaves
By Scott Moritz & Todd Shields - May 8, 2013 1:58 PM ET
Federal Communications Commission Chairman Julius Genachowski said he expects LightSquared Inc. to eventually win approval for using its airwaves, after it was blocked by the regulators on concern they would interfere with global-positioning system signals.
LightSquared’s airwaves are “too valuable” to be left unused, Genachowski said at an investor conference today in New York. Work is under way on solutions such as possible swaps of frequencies for cleaner airwaves and tighter enforcement of signal parameters in GPS devices, to enable LightSquared’s so-called L-band radio waves to become usable, Genachowski said.
“Clearance will ultimately happen in the L-band for LightSquared,” said Genachowski. “The spectrum will be freed for terrestrial use.”
Genachowski’s optimism could help revive some of the hopes that made LightSquared, a fledgling Reston, Virginia-based firm, a bold bet for challenging the dominance of Verizon Wireless and AT&T Inc. in the U.S. wireless market. Philip Falcone’s Harbinger Capital Partners LLC had invested about $3 billion and owned about 74 percent of the firm, before it filed for bankruptcy a year ago after failing to get approval.
The FCC under Genachowski gave LightSquared a tentative go-ahead in 2011, then blocked it last year after tests showed the proposed high-speed network for as many as 260 million people would interfere with GPS units, including those that help keep aircraft from crashing into mountains.
LightSquared has said it remains committed to finding a solution. Last month the FCC gave LightSquared permission to experiment with sharing airwaves now used by U.S. government weather satellites and weather balloons.
VoX also plans to offer high-speed data and satellite services to its existing and new customers
Did you catch that part of the original announcement. Now maybe we will once again be able to plan on Selling High-Speed Data and Satellite services!
Very profitable to be able to sell new customers the broadband that is needed for VoIP services. Currently customers have to have a broadband connection, which is obviously from someone else and is a very, very profitable business itself.
LightSquared Signs Multi-Year Wholesale Agreement with VoX Communications
VoX Will Use LightSquared Network to Launch Mobile Voice and Video Services
RESTON, Va. and ORLANDO, Fl., September 12, 2011 – LightSquared™, a wholesale carrier building a nationwide wireless broadband network that will create consumer choice and industry innovation, has signed a multi-year wholesale agreement with VoX Communications (VoX), a provider of wholesale and retail Voice over Internet Protocol (VoIP) services for consumers and businesses.
This is LightSquared’s 14th partner agreement, signaling that companies across a range of industries are eager to develop innovative mobile services, devices and applications on LightSquared’s open network.
VoX is culminating its strategy to add mobile functionality to its existing IP network platform by launching affordable new mobile services and applications, including voice and video, on LightSquared’s world-class network. VoX also plans to offer high-speed data and satellite services to its existing and new customers. The combination of wholesale economics and business model, open platform, 4G-LTE network and growing device ecosystem is the key reason why VoX chose to partner with LightSquared to deliver its innovative services.
“We’ve been closely following the rapid increase in mobile VoIP users, and determining how our company could take advantage of this new reality,” said Mark Richards, president and chief information officer of VoX. “We believe that the LightSquared network and business model are creating a transformative moment for the industry, and will allow us to expand our portfolio so we can deliver a broad range of affordable and innovative mobile services to our customers.”
“When we think of the types of partners that would benefit from the LightSquared network, VoX Communications comes to mind,” said Sanjiv Ahuja, chairman and chief executive officer of LightSquared. “VoX is already redefining VoIP performance and services, and we look forward to helping them do the same with a new portfolio of innovative wireless services.
About LightSquared
LightSquared’s mission is to revolutionize the U.S. wireless industry. With the creation of the first-ever, wholesale-only nationwide 4G-LTE network integrated with satellite coverage, LightSquared offers people the speed, value and reliability of universal connectivity, wherever they are in the United States. As a wholesale-only operator, LightSquared will deploy an open 4G wireless broadband network to be used by existing and new service providers to sell their own devices, applications and services – at a competitive cost and without retail competition from LightSquared. The deployment and operation of LightSquared’s network represent more than $14 billion of private investment over the next eight years. For more information about LightSquared, please go to www.LightSquared.com, www.facebook.com/LightSquared and www.twitter.com/LightSquared.
About VoX Communications
VoX Communications, a wholly owned subsidiary of Pervasip Corp. (OTCQB: PVSP), is a proven provider of wholesale and retail VoIP services and smartphone applications. Using its own nationwide VoIP network, VoX offers wholesale broadband voice, origination and termination services to cable operators, carriers, ISPs, CLECs, resellers and other wireless and wireline operators, as well as enhanced video and VoIP telephone service to the small business and residential marketplaces. VoX provides a feature-rich, low-cost and high-quality alternative to traditional wireline phone service. For more information, please go to www.voxcorp.net.
G2 Connect was counting on LightSquare VoX
We may see G2 Connect take off as they have developed their phones and tablets but we haven't heard much since the LightSquare spectrum was pulled by the FCC for interfering with the GPS signals, even though it was the GPS devices that were operating outside there approved freq. and were at fault.
Whole sector may take off once again. Dish Networks is rumored to be seeking to buy LightSquare through Charlie Ergen's close friends hedge fund that has a huge position in the companies debt. Sector getting very hot this summer, stay tuned. Ergen is prohibited from buying it directly.
http://blogs.denverpost.com/techknowbytes/2012/05/09/charlie-ergen-making-play-lightsquared/4545/
Yes PVSP still contracted with LightSquare
Check the LightSquare web site and you will see the VoX trade mark flash by in the partner window and they are on the Partner list itself.
6.2 Million After Hour MM Swap
16.01 - 6,200,777 at .0019
Looks like they are covering the daily trading volume, which is probably mostly short sells and they are covering them after hours from the CD holder, just a guess but sure looks like that is what they are doing.
15 Trades for $21, LOL
Someone's keyboard must have got stuck again. Is this person or MM serious, been attempting to knock it down for weeks with the $20 trades.
Most important is to "Get it Right the First Time"
No second chances on the iphone & ipad mobile app, it absolutely, positively has to be done Right the First Time. Everything is riding on this product being a quality product just like the Android app on Google Play.
Those customer Ratings and positive comments are critical in this new Social Media world that we compete to get the product highly rated and listed in the Top Positions when customers search for VoIP or Social Media Communications.
Mark will do it right, he is that kind of guy that is busting his butt to make VoX a success.
Those 1m share block trades are not available to public
Did you notice that those trades are going on behind the trading board and executed between MM and 3rd party at prices below the published Bid.
Focus on the fundamentals, the price will eventually take care of itself.
LightSquare means VoX becomes a Wireless Carrier
For those that missed this several years ago, VoX has a deal with LightSquare to use their spectrum to become a Wireless Carrier and compete with Verizon and AT&T.
Obviously this would be a game changer and the stock will be trading over $1 in matter of days if FCC give final approval for the new spectrum that they just approved for LightSquare to test.