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Actually, there were $8mm in Laurus CDs amended to $2mm. Sorry, been a long day.
As of August, FF had already converted and reduced its loan by$523k, $362k of which reduced the new $2nn in notes to $1.638 mm. Short term borrowings at that point had been reduced by $161k. Somebody be mixing some deceptive stuff around here. Below is the exchange of $6mm in CDs for $2mm in CDs ( new notes)
"Effective February 15, 2013, Pervasip Corp. (the “Company”) entered into a securities purchase agreement with the Fund pursuant to which the Company issued to the Fund (i) an amended convertible debenture in the principal amount of $6,043,850, which was immediately canceled (“Amended Note 1”), (ii) an amended and restated convertible debenture with an issuance date of November 30, 2005 and an amended principal balance of $1,000,000 (“Amended Note 2”), and (iii) an amended and restated convertible debenture with an issuance date of May 31, 2006 and an amended and restated principal balance of $1,000,000 (“Amended Note 3” and together with Amended Note 1 and Amended Note 2, the “Amended Notes”)."
Last post. PVSP reduced its long term debt obligation by 4mm replacing 6mm for 2mm. The 6mm debt was also convertible. So the bottom line is PVSP swapped $6mm in CDs for $2mm in CDs. The confusion or manipulation from one is the mixing of the reduced long term obligation for pennies on the dollar with short term operating loans.
Not sure who was on the bid. Once you get through the mixture of apples/oranges/ deception the bottom line is another 4mm in debt was paid down as PVSP swapped a 6mm note for two 1mm dollar notes. That was the debt side of the long term debt in the transaction. Then PVSP borrowed 600k which included the payoff of the team sing Asher debt. The Co did not borrow more money from Asher. OR, maybe there is some missing "link" that I overlooked and Mr apples has yet to produce when asked over and over. That's it for me, have a good evening.
If you remember, that was a concern of mine at one point. The conversion price at 002/whatever includes the discount. There are no other discounts, they will not sell lower than that price. They probably sold some at or above that price for some cash. I do not think VFIN was the bid whacker as nite had over a million at 002 which dropped to 200k after the big whack.
Now you have it right for the first time, although your conversion dates are merely assumptions. The discount was in the number of shares and certainly not as one stated today that they can sell at any price with the huge discount but nice try Mr apples. . As in the example, the conversion is above 002 and they will not sell below that. Don't forget the conversion also includes the accrued interest as well as transaction costs.
Albeit some huge gains also. More than likely many of the same buyers returning for another round with longs holding and adding the lows.
Yep and the lowest VWAP was in May at 0017. Anyone could have purchased the same.
Although we have been through this before, show the math where they were converted less than the VWAP where we can all buy at that same price on those days.
Of course not, anyone who can divide can calculate the conversions. Do you think brokers use VFIN also, of course they do. I may be wrong but simply looks like some year end games to me. We shall see.
To date, FF has not sold shares at a discount re the financials. Conversions have been at market averaging above 002.
Thank you, all is well with PVSP. We should shoot out if this range.
Yes, would make a quick difference.
Looking back, you have been wrong too many times, particularly when pvsp ran from 005 to 05+. You seemed to have disappeared during that period.
I really agree with that, the manipulation is fierce here. I believe pvsp will up from here.
That would be real shot in the arm for PVSP. That would run 05 easily with the exposure to that customer base.
Your correct, there have been no promos here, geesh!!!!!!
http://stockpromoters.com/View-Stock-Promotions-By-Symbol.aspx?symbol=nybd&ctl00%24ContentPlaceHolderyy%24Footer1%24Image2.x=-527&ctl00%24ContentPlaceHolderyy%24Footer1%24Image2.y=-199
The programmers developed a back office and apps that produce revenue, both are certainly assets including the labor to develop them. To think that the back office and the apps have no asset value is ridiculous. I assume it was Riss's choice to expense rather than amortize which accelerated losses and was accepted by the auditors. I assume it was a protective strategy designed to protect them from Laurus.
The question was about the balance sheet. There is no asset value, why??
This is for all to consider, PVSP spent multi millions to develop a technology, which they have, with no asset value showing for it. I asked this question to all a few weeks ago re 'what's wrong with the balance sheet', with no response. No corporation can spend millions developing a tech, even if it only produces 1m in revenues, that has no asset value. Something is not kosher with the balance sheet.
There is obviously a paid pump here, take advantage. They are pre loaded so buy and sell with a small %.
You are the pessimist here and probably in all things. You invested for a reason, imagine had you taken your money elsewhere, would you have made money. Do you actually scan for investments?? Just curious, what penny would you have invested in??
Panomark will undoubtedly be using an optimization approach similar to this:
http://www.apptamin.com/wp-content/uploads/2012/09/build_structured_marketing_plan.png
Good Google info:
http://www.apptamin.com/blog/optimize-play-store-app/
Exactly, the market is really about making small percentage per day. You make 5% per day is big money. It is all relative, 5% is 5% if it a 0003 stick or. $5 stock.
Thank you, that saves some dd time.
When sound DD, I did not see it. Was it listed in the G3 site previously?
I realize that, just saying they have popped up on the ask during the last fee months. Vndm/ VFIN are usually the diluters of choice.
I feel that may still be the case. Vndm on the ask could be any foreign broker/retailer as they pop up periodically. We shall see. GL
I understand, however, you are mistaken if you think FF will lose. They will be compensated with enough shares regardless of the pps. FF and Riss have options as long as Laurus is eliminated. RS and perhaps a CH 11 wherein FF/Riss/Richards exit with no other debt and own the Co either public or private.
Trump, I can appreciate that but NO one who plays the market should ever put down those who trade. Also, and I mean no disrespect, there is a huge difference between being long and being stuck in a position. If you have no day traders you have no volatility. Keep putting down day traders as most have done here and you have what you have right now; no volume and no movement.
And?, I wanted an objective opinion and think it was very objective. Are you angry at people who made money here. Is this not the stock market? Exactly what is your point, have you never sold stick here?
No, not this guy. He was here a long time.
Mr dog, I have no idea. Hopefully he is well.
Definitely not a plot. The tech guy that put me here says they have something, hopefully he is right; The tech end is not something I am familiar with to the extent of some here. The poster from another board is more familiar here than me, gave me some good and objective history; the good and the bad which is what I asked for and I got from him.
I think there will be a big surprise after the current Qtr ends. Silence can e golden. Hot will be able to dump to many willing buyers. Btw, I received a response from a former big supporter here on another board. He is not negative although many think he is. He just thinks their strategy was off re debt reduction vs R&D re getting the product out. This is all he would volunteer in addition to the fact he still plays PVSP.
Most tax selling occurs in the 1st and second week of Dec. this allows the trader to repurchase in the 1st half of January.
Thank you, I did and hope all did as well.
Thank you, I agree and what a great post to read.
Would that make your buying/selling decisions make you feel better based on someone you don't even know making decisions, it should not. Look no farther than the mirror for all of your decisions in life. Have a great holiday and just give it a break for a day. Have a great holiday and enjoy.