Pervasip Corp (PVSP)

[DSherman]

Yes, if they default. What is not known is whether FF must convert or not. I could be wrong but the way I read it, they do not have to convert and PVSP can not issue new CDs to others w/o FFs consent. So if they don't convert, PVSP must find another borrower to buy them out with FFs permission. As of now, I believe the super voting shares are merely collateral. Either way, this small company could be run easily w/o Riss. Richards could take a 8k per mo cut and hire a sharp assistant with telco/app marketing and public co business. experience. Riss's 15k is likely closer to 18-19k including taxes and other benefits which are not transparent in the financials.