Pervasip Corp (PVSP)

[Bjones2]

This is nothing more than MM conversions

Seen this a million time in past 6 months. Few of the debt holder converted last year and some of the shares are still be sold.

That morning dump to the BID is the short sale, and at end of day you will see the "Purple Tape Trade" which will happen below BID and is the Covering using those conversion shares they have in hand.

Just have to let it play out. Much of the previous days volume are these, usually 25M shorted daily, with some covered during the day, and the balance covered with the end of day Purple Trade.