![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, April 12, 2013 9:21:04 AM
Pervasip has just taken two huge CDs of $1 Million dollars each.
Once the first CD is entirely converted and sold on the market --that's 312,000,000 shares at today's price, or even 500 million shares because the CDs are converted at 45-days VWAP,
then the second $1M CD kicks in, which is mercifully limited to 10% of PVSP's OS.
And then there are $447K of other convertible notes, which are being converted and dumped every trading week.
The launch of the IOS, --we're at mid-Q2 and it has not been announced so far -- will not change any of that.
It seems that with the Factor Fund financing, PVSP received $150K cash, so maybe it will borrow less than usual during Q2.
Don't be overly optimist about the IOS app. Just like the Android App, it faces stiff competition.
The VOIP sector is extremely, extremely competitive. There are already hundreds of VOIP apps for IOS, not to mention giants like Skype and FaceTime.
Unlike Vox Mobile, it's competitors are often mentionned in the trade press:
http://www.prweb.com/releases/2013/4/prweb10602041.htm
http://www.trutower.com/2013/04/05/fring-ios-changelog-version-621/
http://techcrunch.com/2013/03/15/nimbuzz-hits-150m-emerging-market-users-puts-the-heat-on-facebook-in-asia/
At best, there will be a slow ramp up of IOS revenue over several quarters.
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM