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Good post, he seems to be sidestepping the effect on shareholders. There are only four ways to engineer the share structure.
1 Issue more shares or CD dilution
2 Forward split.
3 Reverse split
4 Share buy back
I certainly hope that you are correct and he realizes his previous mistake. The Co/PVSP/elec could have done some great stock placements at $2-4 in the past. I will continue to buy at this level, however, it is the lack of transparency and trust that keeps the pps down. Apparently, Snake tried to do some business with Riss and now has a total lack of trust in him. That means more to me coming from a business person than a telephone call to Riss that would result in no more than a pump. Time for
Total BS again, he/PVSP did it once after telling shareholders that he had no plans to do so. Did it once and the shares still can not recover above .01 from .50. Founded1 and CEO of Three.
I can appreciate your thoughts, however, he must have forgotten that in 2010.
This is the Riss history stating no RS and then he does a RS 15 months later. This is why I do not care to talk to him, his history.actions and disdain for shareholders speaks for itself.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ajXXe8K7Iq8M
Pervasip's CEO, Paul Riss, noted, "We appreciate the support and interest that our shareholders have exhibited, and we look forward to the upcoming launch in July of Zer01's Mobile VoIP product. As we noted in our proxy statement, we do not have any plans to effect a reverse stock split at this time, although we did ask the shareholders to give our board of directors the ability to implement a reverse split, if appropriate, before our next annual shareholders' meeting. We did something similar in a 2001 shareholders' meeting, approval was received, yet a reverse split was not implemented. Although we are pleased that we have shareholder approval, no action will be taken at this time, nor do we have any current plans to take such action."
Sorry, comparing major profitable Cos re splits is very deceptive. We all know what happens to pinks that are split with no profits. There really is no reason for a comparative analogy since PVSP has already had a split in 2010 wherein the price declined from the .50 cent range to sub penny. What I see as the end game for Riss and Richards is to eliminate the debt, get to a more profitable level and positive cash flow position on the backs of the current investors and , as they have done before, RS the current investors. They will lose nothing as they continue the salaries, warrants and options are intact,extended or re issued and they will issue new shares to themselves and board members to compensate for the shares that they actually paid for. If this was not the case, the Co should have no problem issuing a statement that the Co will not RS in 2914/2015. Of course this will never happen.
Comparing major profitable Cos re splits to PVSP is eroneously
That is certainly an insider narcissist view of PVSP. The man is a loser legend in his own mind. That was evident when I saw his own video on FB.
We are probably much more familiar than you with this issue. Your naive interpretation of same is not needed and is very flawed as usual.
There is only one mechanism for this and it screws every shareholder.
"The share structure is nothing but financial engineering and can be adjusted up or down in about 3 seconds by Paul and Mark, no shareholder vote needed".
Yes, having looked back, I believe much of the urgency to reduce the debt was not necessary. Selling shares for process improvement/apps and marketing would have resulted in a better long term financial plan and success. Paying off the debt with sub penny shares was certainly a bad move regardless of the discount. Unfortunately, this can only benefit Riss/Richards in the future.
Our interest in PVSP should be on what the accomplish and not what they say. Show us the money is all that matters.
SG, do they email shareholders in PVSP ?
Here are the options:
Our Amended and Restated Certificate of Incorporation provides that a director shall hold office until the annual meeting for the year in which his or her term expires except in the case of elections to fill vacancies or newly created directorships. While each director is typically elected for a one-year term, we did not have an annual stockholders meeting for the election of directors in 2012. The Company’s officers serve at the discretion of the Company’s board of directors, until their death, or until they resign or have been removed from office.
Take advantage of the PVSP loading zone.
Thank you , the apples/oranges are in PVSP food processor and I don't think he can tell them apart any longer.
Unlike most pinks, PVSP does have revenue sources.
Well, seems you win but not with me. All the longs want to hurt PVSP. You have succeeded in your your four year endeavor. Does not matter to me as I get out easy. Congratz.
Long flight from Canada.
IMO, It was changed already per the latest Q.
I think FF runs the Co now
Please, that would mean so much to everyone here at PVSP from such a master trader.
I never did get an 18 fill, congratz.
Just back, looks like an appetite for 18s.
Very common on all indexes for the pps to rise in anticipation of news and then short after news. ( with no CDs)
I agree, but that happens at the peak of the cycle. Time now to run it up so they can repeat as the chart/news reflects.
If the CDs are done we can expect news.
Yes it only helps the conversion price, maybe this is the method to get the 25k/mo for marketing. Either way, it does clearly demonstrate mgt's disdain for shareholders.
No PVSP short volume = CDs Paul, can't spin the lack of short volume any other way.
Agreed, but hoping it is not FF but rather the others that get way over compensated for their bill payments in stock.
Coincidentally, the share price goes down on companies with a great profit. It's called the stock market!!!!
Ditto, looking for a bounce off the 19.
"Insanity, doing the same thing over and over again and expecting different results". Albert Einstein
Don't think so but would like some, thank you.
Well, the PVSP stock collectors from 19 + are betting that they are right and you are wrong. Just have to wait and see as the PVSP chart has been very consistent.
Saving some in case it goes lower but I doubt it.
Took 350k 19s, thank you
I can assure you that my iPhone makes video calls to a google nexus 4.
Damn IPhone. It was late and I apologize, the post was spot on!!!
I owe you an apology as I took this post out of context and thought you were referencing shareholders rather than the Co. It was late and again I apologies, the post was spit on.
As in any stock, I believe that you underestimate the number of longs that flip this stock, regardless of their respective avg pps of their core holdings in PVSP.