Pervasip Corp (PVSP)

[Bjones2]

No Arthur you are wrong once again

The company received $68,000 is CASH for those warrants, that means they paid for the warrants and they own them outright, regardless of what the share price does in the future. They obviously think they are going to make a lot of money in the next 10 years when the price will be higher than .005. Have you ever been right about anything?


Form 8-K for PERVASIP CORP

28-Jun-2013

Unregistered Sale of Equity Securities, Financial Statements and Exhibits


Item 3.02 Unregistered Sales of Equity Securities.
On June 27, 2013, Pervasip Corp. (the "Company") sold to its Chief Executive Office a warrant to purchase 25,333,333 shares of common stock, par value $0.001, of the Company (the "Common Stock"), and to its Chief Information Officer a warrant to purchase 20,000,000 shares of Common Stock. The Company received, in the aggregate, cash payments totaling $68,000. The warrants have a ten-year life and an exercise price of $0.005.

The warrants were issued without registration under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws due to exemptions from registration under the Securities Act pursuant to Section 4(2) and Rule 506 of Regulation D promulgated thereunder.