Pervasip Corp (PVSP)

[Arthur]

Yes, we're halfway into Q3 and the advertising has not yet begun.

So Q3 will be another big loss, and Q4 as well.

It is not before 2014 Q1 that we will discover that the forward-looking statement "positive cash flow within six months" was just another lie. The Q1 results are not expected before April 2014. If the company is still in business then.

And, in 6 months, they will have a "choice": repay their $2.6M factor Fund loan, with nonexistent operating profits, at a 30% penalty; they'll have less than a year till the loan matures.
Or, and it is what will happen anyways, Factor Fund will convert and dump a few billions of PVSP shares, till it is repaid it full.

The new PVSP borrowing allows Factor Fund to convert debt into shares at a 60% discount. Think about it.