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Re: None

Friday, 04/14/2023 6:08:49 PM

Friday, April 14, 2023 6:08:49 PM

Post# of 183590
GERS Shareholders Get Artizen, PVSP And C&C...

The Artizen spinoff is the transaction KK was referring to when he said GERS shareholders will be issued new shares. KK's series K (19% of 85MM) should translate onto 16,150,000 shares of Artizen and 3.8% of PVSP'S fully diluted share count (19% of 20%). Not to mention the very promising malpractice case against Cantor & Colburn.

15,000,000 of those shares will be distributed to Pervasip’s common shareholders of record on the record date of the spin-out transaction. The remaining 85,000,000 shares will be issued to Pervasip’s preferred shareholders of record as of the same date.



Pervasip’s Series K preferred stock will be restructured immediately after completing the Artizen spin-out to reduce the applicable conversion rights from 85% of Pervasip’s fully diluted issued and outstanding stock to 20%.


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