Pervasip Corp (PVSP)

[Talonss]

x, I told you that the CEO relayed to me that he was going to buy out the new CD (the one Bankshot referred to in this post):

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63881293

Yes, there was another CD conversion, but it was done at a time when the company was short on cash (what part of this can't people comprehend?). The CEO stated that he was and I quote a "friendly convert" and was limited in how much he could convert. I don't think it's the CD holder doing the shorting here or why refer to him as a "friendly convert", but I don't know for sure (for that matter, none of us do). I also have to think with all the recent volume the past few weeks, that the CD convert has offloaded a good size and has been offloading for some time prior to this run (he didn't just come on the scene 2 weeks ago).

Even with this CD conversion, I don't think that many shares could or would be added to the float (it's 1 CD, not 2). Even if the O/S increases to 50 Million (I think we're still below this mark, but lets use 50 for argument sake..it's a nice round figure), we still have a miniscule O/S. You stated "I guess my prediction would have been correct for the pps move to $1, without the conversion." Seriously, this statement has me somewhat perplexed as it contradicts your prior statements on this board.Your long rendering post calling for $5-$20 has this pertinent quote "Their first goal is to take it to $200-$500M market cap to be able to talk big".

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63533005

Lets not forget your post calling for a $1 dollar in 30 days and $4 in 90 days:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63692601

However, it's all about the market cap and you've been calling for a 200-500 million market cap and that was for starters! Again using an O/S of 50 million, a 200 million market cap gives us a price of $2. Why the flip flopping and glaring contradiction unless you think the CD is converting 100's of millions shares, which we know is not the case here.I also think that a good portion of that CD has already been converted (will try to confirm this with the CEO).

I reiterate, it's all about the market cap and the CEO belabored that point to me when we spoke on the phone. Thus, his decision to buy out the other CD (doesn't want those shares increasing the O/S).I pointedly asked him about dilution (with the recent price action, it was foremost on my mind)and he shut me down immediately. He stated that he wants to increase the market cap and emphatically stated that a lower O/S facilitates the process. He said, himself, the CIO and Fanning all want to keep a cap on the O/S. I shared with you via PM why and the savvy ones here can figure out the reason as well. I may elaborate more on that later.

X, posting contradictory messages doesn't help the board. I could see if you said "With the CD in play I may have to prolong the time lines of $1 in 90 days and $4 in 90 days".BTW I never like price prognostications with such tight timelines (they have a pump element that inevitably leads to disappointment).Your statement "I guess my prediction would have been correct for the pps move to $1, without the conversion." is a glaring contradiction in light of your prior statement calling for a 200-500million market cap. You're also in this same camp as me thinking the O/S is still below the 50 million mark as is evident in this post you made today:"I don't like when the OS is unknown but here we know it can't be huge. may be 30-50M at the most."

I've done a lot of leg work here to wade through all the murkiness via my phone calls to the CEO. I confirmed that he along with Fanning wants to keep the O/S low, hence his decision to buy out the other CD. He shared his reasoning for why he's doing this (what we all wanted to hear)and anyone with an ounce of saviness can read between the lines.I will perhaps elaborate on that at some other point, but maybe it's best to let the CEO PR any developments in that area.At any rate, contradictory postings don't help the cause, but an honest discussion is always welcome.