Pervasip Corp (PVSP)

[Bjones2]

CD shares are still being converted

Only 3% Short at end of today, and IMO that is because of the 7.2m trade at .0025 just before the close, was the short cover. Sometime they do it just after the close with a large after hours trade.

My take is that MM are working the stock for a CD client by shorting shares during the day to raise the cash from the sale and they transfer enough client shares to cover the short position they created at a prearranged lower price, which is often below the BID that is being offered, like the 7.2m today at the close for .0025.