Pervasip Corp (PVSP)

[jwblue74]

I believe these shares that were issued recently to pay off debt are being dumped on the open market. The PPS average for those shares issued is .022. So, if they started selling at .055 all the way down they are banking profits until .022. Hope this helps. Recent 8K below.

Item 3.02 Unregistered Sales of Equity Securities.

Between February 13, 2012 and February 21, 2012, Pervasip Corp. (the “Company”) issued a total of 13,555,809 shares of its common stock, par value $0.001, in settlement of $300,000 of debt owed by the Company to various third parties.

In conjunction with the aforementioned stock issuances, we are relying on an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Act”) for the private placement of our securities pursuant to Section 4(2) of the Act and/or Rule 506 of Regulation D promulgated thereunder. The transactions do not involve a public offering, the investors are “accredited investors” and/or qualified institutional buyers and have access to information about us and its investment.