Pervasip Corp (PVSP)

[Cobra Kai]

And we are now seeing them begin to deliver on that letter to shareholders- I think getting money is what sets the table for everything else to begin.

If they eliminate almost all of the debt as stated and bring in 2 acquisitions this is going to see one heck of a run off these low levels


We have successfully eliminated $2,065,614 of $8,265,793 in debt during 2015 as a result of our debt restructuring plans. The remainder includes $4,884,559 in debt that is subject to agreements calling for full satisfaction and elimination in exchange for cash payments totaling $170,000. We accordingly expect that debt to be eliminated before year end. An additional $1,212,326, for a total of $8,162,499 of the $8,265,793 in debt at the start of 2015 – or 99% of the starting balance, is expected to be eliminated or converted into restricted equity before year end.