Pervasip Corp (PVSP)

[Arthur]

Although we are not generating cash from operations, we have sustained operations by obtaining short-term financing to fund our monthly cash-flow deficit from a group of investors (the “Investors”) that have agreed to provide us with working capital loans of $40,000 a month for a six-month period ending December 31, 2013. In addition to the working capital loans, the Investors are compensating a marketing executive to manage marketing projects to generate additional revenues from sales of our mobile apps, and have allocated $25,000 a month in expenditures for marketing purposes. We have also agreed to salary deferrals of approximately $20,000 a month to help conserve our cash balances.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9408084

$20,000, not 20%. It doesn't say $20,000 for each officer.