you know that much of that debt has been settled
I "know" nothing of the sort.
Pervasip was $11,077,846 in debt as of August 31, 2015.
Since then, only one transaction has been disclosed, Pervasip borrowed $675K to pay $1,859,582 of very old debt.
Of that $675K, $500K is borrowed at 18% interest, and is convertible into dilutive PVSP shares at a 15% discount, with a "Make Whole" clause in case the stock drops suddenly by more than 15%.
And the other $175K "advisory fee" is under the form of Preferred Series I, that convert without discount, but at a price based on the lowest closing price of that last 10 trading days.
Of the $11M of debt, $524,028 is a "derivative". As the derivative is structured, if PVSP share price goes up, the derivative goes up too.
And, of course, $3.1M of PVSP debt is convertible into shares. So this debt can go down if and when it is converted into billions of dilutive shares, something that will hardly be beneficial to the share price.
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It is remarkable that the acquisition of Canalytix and Plaid Canary added very little Assets to Pervasip's balance sheet.
Before the acquistions, as of November 30, 2014, Pervasip total assets were $1,052,288
and after the acquistions, Pervasip assets moved to $1,078,904
an insignificant difference.
It is because Canalytix carried a debt of $414,401, that was undisclosed in the PRs.
And because apparently Grow Big Supply has puny assets, mainly $271K of inventory and $259K of intangible, and $527K of Account Payable plus $315K of debt, for a negative book value.
Hey, at least Pervasip got it cheaply, for $0 cash.
