Pervasip Corp (PVSP)

[Arthur]

The 10-Q claim that there were an undisclosed number of Ojo subscriptions sales, but this new revenue was entirely cancelled by the loss of "landline" VOIP customers.

The decrease in our revenues resulted from the loss of our largest customer in the first quarter of fiscal 2010 and the decline in revenue from a wholesale customer that is using its own VoIP network in fiscal 2011.

So, we have no way to tell if the Ojo sales are good or not, but we do know that Pervasip has been losing VOIP business for 6 quarters in a row, hardly a positive development.

Actually, the 10-Q claim that revenue increased by 15% in the last month of the Q, just enough to make up for their other revenue loss.

I'm not impressed, but then, I'm mostly impressed by profits, not by losses, heavy borrowing and mega-dilution.