Pervasip Corp (PVSP)

[Arthur]

Unlike Barry's Convertible Promissory Note, the other Convertible Debentures are issued with a time limit of 12 months.
So, if a Debenture has not been converted within one year, the debenture comes due in full, plus interest, plus a 25% "penalty".

The debenture holders are well-aware that whomever issued the debenture was broke in the first place, and will, as a rule, be just as broke 1 year down the road. That's why they are dumping their dilutive shares as fast as the market can bear (unless the CD contains a volume limit clause).

That's very fine wishful thinking of you that the CD holders are somehow hanging to their shares.
Just like the other wishful thinking that all the CDs were over and done.

Barry's promissory note will add another 66M shares to the O/S dilution when he converts it, at a $0.006 basis.