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I think on Monday they will put out the I phone app. Jmo
We have been patient enough with them while they have showed complete disregard at times for us shareholders. IMO
I suggest we get them on the phone right now!!!!
I have a hunch PVSP is holding back some huge unexpected news. Today would be the day to put it out before confidence goes to shit
The chart is ready to reset and move north with more buying. Those selling now are missing a big opportunity chart wise
I will be buying all day at any price
Great sign that pert is active on the bid and not even active on the ask side imo
Perfectly said!!!!!!
This news will spread the word for us to new investors since no one besides longs noticed the 8k!!
Amen to that hahaha
Someone is hitting above the ask to clear it out so when the 6's fall we can move up fast. Would not be surprised at some heavy buying this afternoon
Did we just hit .0075
How's level 2 looking??
Yeah but they never do Friday pr's, we need a strong footing and hope for one on Monday
Yeah but like I said we need a green close or else our breakout is stalled or over. We need a big push to at least .008 chart wise
2 buy 7 sell
I think us loyal holders should put the pressure on management to support our investment at this moment
It's extremely important technically to close green today!!
It's under the news section in I hub. Mutual fund summary prospectus
Don't have time to read through it, what's the deal with the Mutual Fund filing that they released???
We need some bid support
Excellent!! RSI is in major breakout mode, would like to see a bit of consolidation sometime this week but looks great none the less
PVSP is going to be HUGE
Got 2 million extra today, how about you?? I placed my orders with a high limit just to see. Half got filled lower than the ask expected. Anything under .02 is money made at this point folks. Do some DD and learn how to interpret 3rd party transactions in sec filings and then you can finally be on the right side of a 10 bagger with PVSP
True L2 quotes aren't completely visible until the start of trading, just FYI
You got it man!! Do what I can when not working
PVSP: Monumental SATISFACTION OF VIRTUALLY ALL DEBT! Read this 8-K very closely and you will realize they wiped out 7 MILLION in debt for 450k thats only issuable at 2 CENTS!!! where do you think the PPS is going from here if the lender wants their money??
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): February 6, 2013
PERVASIP CORP.
(Exact name of registrant as specified in its charter)
New York 000-04465 13-2511270
(State or other
jurisdiction of incorporation)
(Commission File No.) (I.R.S. Employer Identification No.)
75 South Broadway, Suite 400
White Plains, NY 10601
(Address of principal executive offices)
(914) 620-1500
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13-4(e) under the Exchange Act (17 CFR 240.13e-4(c))21723200
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.
The description of the Settlement Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of such agreements, copies of which are attached hereto as Exhibit 10.1 and 10.2 to this Current Report on Form 8-K.
Item 3.02 Unregistered Sales of Equity Securities.
The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
The shares of Common Stock to be issued pursuant to the Settlement Agreement shall not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws due to exemptions from registration under the Securities Act pursuant to Section 4(2) and Rule 506 of Regulation D promulgated thereunder.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. Description
10.1 Securities Settlement Agreement by and between Pervasip Corp. and NetCapital.com LLC
10.2 Assignment and Assumption Agreement by and between LV Administrative Services, Inc., as agent, Pervasip Corp. and NetCapital.com LLC
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
PERVASIP CORP.
Date: February 19, 2013 By: /s/ Paul H. Riss
Name: Paul H. Riss
Title: Chief Executive Officer
I cannot stress this enough, this 8k was monumental in PVSP's history and personally it was what I had hoped for even more than SA and the I phone app
I will buy 2 million more shares tomorrow
This is GIGANTIC positive news for PVSP!!!! We are DEBT FREE!!!
Today signaled a breakout, the moving averages will be tested and if broken we she at the very least fill the gap at .007. PVSP looks great!!
PVSP looking great!!!
I would but back to working full time, can't be on here too much but love PVSP!
Big and unexpected news today!! PVSP must have a lot of other unexpected surprises in store!!
Some of you longs may find this interesting:
So I was browsing some videos trying to tweek a car speaker adaptor on you tube and the VOX videos were linked on the right side a related videos. I know it sounds weird but our app and the videos on you tube have absolutely NOTHING to do with the video i had looked up but they were still there to the right!! We must have some kind of major hits or key words that are putting our you tube vidoes absolutely EVERYWHERE. JMO and may not interest everyone but thought id share
Or until all the pumpers have sold you all the shares they bought at 2's or possibly 1's at 3 or 4. They will most likely be long gone early next week. Then if the price actually does go sky high after they flip it they will claim responsibility for it and made fortunes when in all likelihood they dont have a single share left in it LMAO!!! I'm buying though since ASKE shows big potential!
EVCA huge news, 47 mil FLOAT and company just bought 150 million shares! Its at .0025 and up 100% on nothing!!!!
EVCA moving BIG TIME ON HUGE NEWS! +100% and only 47 million float
EVCA huge news and moving fast!! Directors buy over 150 million common shares! Float is only 47 million, check it out
EVCA Huge NEWS, officers buy over 150 MILLION SHARES and the float is now just 47 million, EVCA @ .0012
EVCARCO, Inc. / The Third Stone Corporation President, Executive Vice President, and COO Acquire Additional 153 Million Shares
FORT WORTH, TX, Jan 17, 2013 (MARKETWIRE via COMTEX) -- EVCARCO, Inc./Third Stone Corporation (OTCQB: EVCA) announced today based on the pending American Rodsmiths acquisition, coupled with the formation of G1 Components, President and CEO, Gary Easterwood, Chairman of the Board and Executive Vice President, Walter Speck, and Chief Operating Officer, Mack Sanders have each taken additional equity positions in the Company. The $214,420 investment will be a direct investment in 144 restricted stocks with no discount. This will bring the total outstanding shares to 292,861,652 and float at 47,264,018.
Gary Easterwood, President and CEO, commented, "I believe in this company and am excited about its future. We are committed to our vision of what EVCARCO / Third Stone can and will be. It is my hope that this investment is seen as a reflection of that commitment. We are most definitely in this for the long haul."
Walter Speck, Chairman and Executive Vice President, remarked, "Our belief that the stock remains undervalued is reflected in our commitment to continue to invest in the future of this company."
For more information on The Third Stone Corporation, Inc., please view: www.thirdstonecorp.com. Shareholder inquiries should be directed to (972) 571-1624.
For more information on EVCARCO, Inc., please view: www.evcarco.com. Shareholder inquiries should be directed to (972) 571-1624.
EVCARCO, Inc. is a Future Driven(R) Automotive Retail Group focused on deploying a coast-to-coast network of environmentally friendly franchised dealerships, vehicles, technologies and sustainable solutions. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric, alternative fuel, and pre-owned hybrid vehicles from multiple manufacturers. EVCARCO also owns The Third Stone Corporation, a forward-thinking software provider dedicated to improving and enhancing lives through innovations of software development and data services for sport, financial, home automation and social networking.
Safe Harbor Statement
This press release may contain forward-looking statements which are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues as well as any payment of dividends on our common and preferred stock, statements related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC) including but not limited to information as contained within the Company's most current quarterly reports, annual reports, and or other filings. Furthermore, the Company disclaims any intention or obligation to update or revise any such forward looking statements, whether as a result of new information, future events, or otherwise. We have incurred and will continue to incur significant expenses in our expansion into new related services and there is no assurance that we will generate revenues sufficient to offset those costs. Expansion may expose us to additional legal and regulatory costs and unknown exposure(s) based upon the various geopolitical locations we will be providing services in; the impact of which cannot be predicted at this time.
For more information, please contact
Investor Relations for EVCARCO:
Jack Eversull
President
The Eversull Group, Inc.
972-571-1624
214-469-2361
Email Contact
SOURCE: EVCARCO
CONTACT: http://www2.marketwire.com/mw/emailprcntct?id=1AEE617774248BED
Copyright 2013 Marketwire, Inc., All rights reserved.
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SUBJECT CODE: Environment:Air Pollution Control
EVCA EVCA EVCA evca evca evca evca evca
EVCA EVCA EVCA evca evca evca evca evca
EVCA EVCA EVCA evca evca evca evca evca
EVCA Huge NEWS, officers buy over 150 MILLION SHARES and the float is now just 47 million, EVCA @ .0012
EVCARCO, Inc. / The Third Stone Corporation President, Executive Vice President, and COO Acquire Additional 153 Million Shares
FORT WORTH, TX, Jan 17, 2013 (MARKETWIRE via COMTEX) -- EVCARCO, Inc./Third Stone Corporation (OTCQB: EVCA) announced today based on the pending American Rodsmiths acquisition, coupled with the formation of G1 Components, President and CEO, Gary Easterwood, Chairman of the Board and Executive Vice President, Walter Speck, and Chief Operating Officer, Mack Sanders have each taken additional equity positions in the Company. The $214,420 investment will be a direct investment in 144 restricted stocks with no discount. This will bring the total outstanding shares to 292,861,652 and float at 47,264,018.
Gary Easterwood, President and CEO, commented, "I believe in this company and am excited about its future. We are committed to our vision of what EVCARCO / Third Stone can and will be. It is my hope that this investment is seen as a reflection of that commitment. We are most definitely in this for the long haul."
Walter Speck, Chairman and Executive Vice President, remarked, "Our belief that the stock remains undervalued is reflected in our commitment to continue to invest in the future of this company."
For more information on The Third Stone Corporation, Inc., please view: www.thirdstonecorp.com. Shareholder inquiries should be directed to (972) 571-1624.
For more information on EVCARCO, Inc., please view: www.evcarco.com. Shareholder inquiries should be directed to (972) 571-1624.
EVCARCO, Inc. is a Future Driven(R) Automotive Retail Group focused on deploying a coast-to-coast network of environmentally friendly franchised dealerships, vehicles, technologies and sustainable solutions. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric, alternative fuel, and pre-owned hybrid vehicles from multiple manufacturers. EVCARCO also owns The Third Stone Corporation, a forward-thinking software provider dedicated to improving and enhancing lives through innovations of software development and data services for sport, financial, home automation and social networking.
Safe Harbor Statement
This press release may contain forward-looking statements which are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues as well as any payment of dividends on our common and preferred stock, statements related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC) including but not limited to information as contained within the Company's most current quarterly reports, annual reports, and or other filings. Furthermore, the Company disclaims any intention or obligation to update or revise any such forward looking statements, whether as a result of new information, future events, or otherwise. We have incurred and will continue to incur significant expenses in our expansion into new related services and there is no assurance that we will generate revenues sufficient to offset those costs. Expansion may expose us to additional legal and regulatory costs and unknown exposure(s) based upon the various geopolitical locations we will be providing services in; the impact of which cannot be predicted at this time.
For more information, please contact
Investor Relations for EVCARCO:
Jack Eversull
President
The Eversull Group, Inc.
972-571-1624
214-469-2361
Email Contact
SOURCE: EVCARCO
CONTACT: http://www2.marketwire.com/mw/emailprcntct?id=1AEE617774248BED
Copyright 2013 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Environment:Air Pollution Control
Automotive:Cars