Pervasip Corp (PVSP)

[mdimport]

PVSP owns 40M shares of VSTR @ $0.025 ($1M investment), which today traded 30k shares @ $0.0019 ($57 excluding commission).

The value of 40M VSTR shares today is $76k at the Ask, and $53k at the Bid.

PVSP's balance sheet has been decimated by a terrible investment. The worst thing is the CEO at PVSP is the CFO at VSTR. The promoters at PVSP were the same promoters at VSTR.

VSTR is clear front-loading and dumping on shareholders by the same group of people who are operating PVSP, and now PVSP appears that it cannot deliver an 8-K with tangible achievements.

"...We built a cloud-based VoIP business, and sold most of this business on September 30, 2014, to Vaxstar LLC, (“Vaxstar”) a company whose chief executive officer was our former chief information officer and member of our board of directors until September 15, 2014. This transaction allowed us to continue to own the technology that we had developed, while transferring the bulk of our fixed operating costs to another entity. Vaxstar simultaneously sold the business to Valuesetters, Inc. (“Valuesetters”) and Valuesetters signed a licensing agreement with us that allows us to operate as a cloud-based VoIP service provider on a variable cost basis. A percentage of each sales dollar that we earn is used to pay Valuesetters for all our operating costs, including technical support, billing, customer services and termination fees to carriers. ..."

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10750061

"...The Company acquired the Business in exchange for a $1,000,000 (One Million Dollar) increase in debt payable to the Lender under the Amended Loan and Security Agreement dated as of July 25, 2014, and filed as Exhibit 10.1 to Form 10-12G/A on July 28, 2014. The Lender purchased the Business for 40,000,000 (Forty Million) shares of common stock, par value $0.001, (the “Common Stock”) of the Company. ..."

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10235101