Pervasip Corp (PVSP)

[Arthur]

Actually Factor Fund resold its PVSP Convertible Debentures to EXO Opportunity Fund. That debt is still very much on the books.

Pervasip owes $2,726,496 to EXO and Flux Carbon Fund together.
That's a lot of money, I mean, dilutive shares.
That's after they converted 1.2 billion shares.

During the nine-month period ended August 31, 2015, the Subordinated Debt holders converted $240,400 of principal into 1,159,047,428 shares of common stock of the Company and recorded a gain of $1,419,661 on the conversions.

And Pervasip's subsidiary, Canalytix, happens to owe $448,649 at 12% interest to Flux Carbon Starter Fund, something that was not disclosed during, or immediately after, the acquisition of Canalytix.