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Paul can't tell you anything that can influence the change of the share price without it being made public. If he tells you news is coming, and you are not a registered insider, and you by the stock, that is insider trade.
Yes it is. Any events that can influence the price of the stock that is disclosed to a shareholder that is not listed as an insider.
That would be illegal insider information if that was true PVSP
Arty, it's great to have you back. You're the man.
GREAT POST!!!!!!!!!!!!!!!
10K says dilution
That is not what it says on the 10K
Now that's what I am talking about. They were proud enough of their numbers that they posted them on the PR. Too bad they messed that one up as well. Just goes to show, when and actual business with strong revenues are out there, Paul will mess things up. What a blast from the past. PVSP has come a long way down. Course that was back in the day when they had about 50 million share vs 4 billion. Although I think that was before the reverse split.
An acquisition of a new company that has not documented revenues. There is a 13G, but also in the 10k they have about a billion shares that are going to be up for dilution in less than two months. Notice how the tide is turning, the pump is slowly coming to an end.
No they haven't. Nobody knew anything until the 10k came out. Everything was not only speculation, but when the K came out this past weekend, most of what everyone was saying , for the past 4 months was proven wrong.
The 10k states that they have $1,900 in cash. What funding do they have to acquire anything? I guess he could use stock which is about to be diluted by another billion shares in less than 60 days. Paul is one man in a church basement with no employees, $1,900 in cash and millions in debt. What does he have anyone to offer. VC's are not interested in him. No one is
I saw a 5 year old girl on Shark Tank that was looking for 60k for 20% of her Lemonade business with rev's of 250k and no debt. Now that is a 10k that Paul can't match
How can a company with $1,900 in cash, millions in debt and 4 billion shares make it to a penny, which would put it at a $40 million market cap. I wouldn't partner with a company like that to run a lemonade stand. There is nothing attractive about partnering with Paul for anything. He has no product and no money.
With a 10k like that, it doesn't take much
Well, seeing that they have $1,900 in cash, we won't have to worry about paying that monthly service fee at Chase Bank for having a balance below $1,500. And that's a plus
Q coming out on Thursday. Looks like it is going to be a bloodbath. This company is going to see bankruptcy soon. Buy PUTS, you'll make a killing.
The only revenue numbers I have seen is on the 10k. I've seen more rev's on the company's pitching in the Shark Tank than one that actually trades. I have a feeling if Riss were to go to the Sharks, they would give them a negative business valuation.
Enlighten me. What kind of public DD do you have that will send this soaring. All links and rev numbers are welcome.
I have a feeling that they won't because they no longer have revenues. The 10k still had revenues from their VOiP app they sold to VSTR. Now the only revenue they have is selling shares. This new company they bought has no revenue's. Millions in debt and no rev's with only $1,900 in cash. Arty, you've been right all along.
Yes, 10k was horrible. No money, no income but a ton of debt. If PVSP was a person, they wouldn't qualify for a credit card.
I agree. 10k was horrible. I have followed this company for years. The revenue decline has never been so bad. Over 50% decline in reves? And only $1,900 in cash with millions in debt? And to top it off, close to another billion shares going to dilute within the next 60 day? And it seems like the only income according to the K is the sale of shares. Where is the silver lining in that one? And no, the answer is not some pot company that has no revenue numbers as well.
yes, I believe it is called a pump and dump. If the K was good, they would have released it Monday morning. Sorry, but the dump is now coming.
Only on the OTC can you have a stock with a market cap at $9.8 million and the cash and cash equivalents is $1,900 with millions in debt and hundreds of millions of shares getting ready for dilution to pay everything off.
Not really. If you have been following my posts, I picked up a bunch a .0001 and sold them at .0025. So recouped any losses I had. However, the reporting will help drive this back down for reload. If they actually do have some revs, it may go back up in the future after a reverse split. Keep in mind, last year all the board of directors left, no employees, and it is out of the basement of a church. There would have to be some major news to turn this around.
You are the only one that gave me accurate numbers. Thanks for your reply, you are a great man. I appreciate your DD. Hopefully everyone on this board can see how resourceful you are about PVSP. Is there anything else anyone can add about the numbers?
Go back and read the K's and Q's. They used to have revenues. They used to have a product, they used to have a pipeline. Heck, if Lightsquared had not been screwed by the Government, the deal they had with PVSP would have put them in the stratosphere. Unfortunately they put all their eggs in one basket. Even go back further when their technology supported the Worldgate videophone. You remember, the one that Donald Trump did an entire episode of Celebrity Apprentice for. Yes, this WAS a penny stock that had a lot of promise. It was on the exchange at one time and then delisted. Now it is nothing but a pump and dump. Think of it, PVSP has been reporting for...40 YEARS, now they stopped...why?
You are a wise man.
What you don't get is that PVSP was reporting their K's and Q's for years. They have stopped just recently because they are finally coming to an end. Go back and read the history. Hence the reason why the PPS is an artificial pump. If you disagree after reading the past K's and Q's, tell me where the revenue is coming from and how much AND the DD that can verify it.
Give me revenues...where are they coming from and how much.
Okay, then tell me where there revenues come from and how much they have coming in. That's right, you can't, so lets invest anyway?
10 GRAND! Did you read the last 10K. Do you realize to do the financials for a company with no products and 1 employee takes no time at all? You realize Paul Riss is just stringing people along with his late reporting. Oh, and they got into the pot business...with a company that also has no numbers. Seriously if this has any hint of a small pop, get out and stay out. There has been no reporting for the last 8 months for a reason. It is because no one will touch this stock with a 10 foot pole.
Trying to put off doomsday as long as they can.
If you want to hold onto any money you have invested...you should be. I hope you read the last one.
Paul Riss is not being straight with you guys. As I mentioned, I contacted him several times in the past regarding the amount they were paying their accountants. I have relationships with SEVERAL CPA's. I sell tax and accounting software for Thomson Reuters, the top 100 CPA firms use their software so it is very well known. I have spoken to CPA's that tell me the reporting for a company the size of PVSP takes about 25 hours. So why has it been 8 months since the last time they reported any numbers? Because when the next Q comes out, the PPS is going through the floor. IF you have made money, take it out BEFORE. They have no new revs. I was out at .0025 and thankful. If you made money, take some off the table. The excuses Paul is giving for the late reporting is just a way to delay the dump.
So I guess he has more skin in the game. Good to know.
Ary, you've been here longer than I have. You have also been correct for years even when the PR's said different. So, I am not going to start doubting you now.
I think you're right. That's why we have not seen any numbers for 8 months. I think they are holding out as long as they can due to the lack of income. The only product they had was their VOIP app which was sold to VSTR. Now they have no product. At least the app was 250k per quarter of income. Now with that gone, and having a company with just one employee in the basement of a Church...I have a feeling something really bad is about to happen. ALso, for the number of years I have been following this, I have never seen so many pumpers hit this board.
I didn't think they had convertibles. I know they have a loan from the majority shareholder, but I wouldn't think he would want to dilute his own shares. Will this be on the Q? They said they weren't reporting due to something significant that may impact the numbers.
Is there a reason PVSP is no longer reporting. We have not seen any numbers now for 8 months. The last Q only went to August of 2014. Is there a reason they went silent in their reporting? Anyone hear of any numbers coming out anytime soon?
Maybe they are doing it to pay the board members. Isn't April the time of year they are supposed to do that VSTR