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"One long-term shareholder has said several times "Pervasip is going to be an 8 year overnight success." It has taken us 8 years to build what we have, but he is right, that we have the automation and infrastructure in place to turn things around immediately."
Recent PVSP CEO quote. With the debt addressed, I expect major developments to surface. The old debt was a hindrance to news deals. The balance sheet has never been better.
WebRTC = $$$$$
Yes indeed Carmil. All of us loyal shareholders. We own a ton of this float and we are not selling. Mark is building a beast....
Great week. PVSP has never been in better shape. The real fun begins soon. So much room for growth.
I agree Daubs.
$3.2 million market cap - and they are soon to have technology that no one else has ....including Skype who sold for $8.5 billion. Unbelievable.
iOS countdown.
PVSP is close to introducing technology that even Skype doesn't have - including interoperability between competitions platforms. We are trading under a penny. Do some of you even know what you own?
iOS is about to hit - and change everything. We are grossly undervalued. PVSP has never been in stronger financial shape.
Attn: New Shareholders and potential shareholders:
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."
Ditto. The PVSP page looks great.
Crystal clear audio and video. A must see for shareholders. The technology will only get better. Android and iOS interoperability is weeks away.
Great interview and look at the video quality. Mark states..."2013 is going to be a very exciting year". Buckle up shareholders. Thanks for sharing this video.
It's my belief the incumbent carriers are waiting on the iOS app before pulling the trigger. Soon.
For the newbies. An excerpt from our CEO on the prospects of the mobile Pay and Go technology. This info was also talked about in a radio interview from the CEO.
"However, a large carrier recently told us that it would take them, with their 50 programmers, anywhere from 12 to 18 months to duplicate what we have, and that they do not want to wait that long to sell a mobile Pay and Go app. So we have moved faster than many of our competitors. We need to start turning our advantage into rapid revenue growth, and we believe Barry has enough irons in the fire that we will see that growth in the near future. This carrier, and others, tell us they want to run with our app. We are eager to work out a deal with them that would generate cash for us in the hope that we could buy back shares that we have had to issue to get through this tough stretch."
Many of us have been here for quite awhile. Many of us own 5-10mm shares and are not selling. Once the iOS app is released soon - this takes off with major deals and revenue. The 10k states a GP of 55%. Unheard of...all automated back office. Low overhead and soon to be nice revenue and profits.
Added again.
Excellent analysis. We are undervalued.
So who's birthday is 112359? There you'll find Mr. Deep Pocket.
Our valuation is a joke. The large carriers can't figure out this technology and they want it now. PVSP has it - once the iOS app completes the initial package. This is a steal and that's not a pump. Severely undervalued based on the technology and the new and improved balance sheet. We're under a freakin' penny!
lol - your numbers are wrong.
I told you I was buying more. Huge potential. So much room for market capitalization growth. $1M market cap? lol
If VoX mobile goes viral with a 55% GP - do the math.
I'll be adding another million tomorrow. Just like Mark did Friday.
I'll let you interrupt the latest Form 4 if you have the comprehension to understand it.
So Riss and Richards continue to buy shares - G3 converts its loan to shares - a fund pours $500,000 into a .0029 stock. If I was a betting man, I would bet this stock is heading north. JMO
10K recap:
Gross margin of 55% for fiscal 2012 compared to 41% in prior year
Net income of $3.2 million in fiscal 2012 compared to a net loss of $4.4 million in the prior fiscal year
Fiscal 2012 earnings of $0.02 per share basic; $0.01 per share diluted
$6.9 million in debt reduction for the year
Launch of Android mobile app for video calling
Establishment of beta site for downloads of iPhone app
Execution of new debt modification agreement with secured lenders
Insiders are buying. Good sign.
Pervasip's CEO, Paul Riss, noted, "We are excited about our business model, our product and the debt reduction that we have achieved. With our focus on mobile voice and video services, we believe we can attain rapid growth without extensive working capital needs because any user who buys our service is required to pay in advance via a credit card or PayPal. Since we are selling a digital product that we instantaneously deliver, we are potentially capable of selling thousands of apps each day with the right marketing."
"In addition to the debt reductions in fiscal 2012, the Company has eliminated approximately $5,000,000 in debt in fiscal 2013 with debt settlement agreements. With a final payment of $100,000, the Company will eliminate approximately $1.8 million in additional debt from its secured lenders, and will have significantly improved its balance sheet again."
New update:
"We are pleased with our debt settlement agreements and we believe it is just a matter of time before our app goes viral," continued Riss. "As more people find the VoX app, which now includes free video calling between VoX subscribers, we frequently see a rapid increase in downloads, installs and minutes of use."
1,000,000 shares for Richards on 3/15
Those are transactions directly from PVSP. We have and will add new revenue partners who won't be using the PVSP back office. Make sense? Like those $5 international prepaid calling cards and white label deals.
I'm glad your not running my convenience store...
Daubs - I agree. Arthur has trouble reading between the lines. He's focused on 2012 revenue. lol
The interoperability that is coming between the Android and iOS video component of VoX will change the dynamics of this company. It's my opinion large carriers are waiting for this development. The 10K states 30-60 days. There's your timeline.
Maybe that's why the recent 500K investment and G3 converting its shares. I think we will hear of a large G3 deal soon. The 10K shows expenses are down, GP is up to 55%, low margin revenue has been replaced by higher GP business, debt is almost wiped clean - and major technology developments are weeks away. 2013 is shaping up to be our year.
You should be spending your time on Investopedia looking up what "float" means and less time on this board. JMO
Exactly Carmil. No investing group that is sane would dump $500k into a faltering company with no hope. G3 Connect felt necessary to convert their loan into shares. Why the heck would these two entities do that?
This has no impact on PVSP - period.
Finally - don't forget the international prepaid digital calling cards coming to many established retails chains.
Be careful of those touting 10 billion share floats. Good grief.
Android video talking to Apple video will separate VoX mobile. Interoperability is key and Mark and his team are about to introduce this to the market. Big picture.
A gross profit of 55% - most companies would envy PVSP. Now we need the volume of new customers. iOS will bring the new volume. You have to look at the big picture. The major debt is nearly gone and the technology developments coming in 2013 coupled with low overhead, back office automation, and new revenues....with 55% GP will make this an attractive investment. One large carrier using VoX white label and we are moving forward. JMO