Pervasip Corp (PVSP)

[Arthur]

Apple customers are not paying a typical $15 a month, the only plan offered on IOS is the $0.99 plan.

PVSP offers many plans, some are $5 and $6. So $15 is unlikely to be the average.
According to Pervasip filings, conversion rate is 5%, not 8%.

PVSP current revenue is $228K per Q, of which 38% come from a single "wholesale" customer.
The origin of the rest of the revenue is unknown, but they are still receiving some revenue from Ojo subscriptions, and some odds & ends.

In March this year (10-K, they were claiming:

Our revenues for fiscal 2012 decreased by approximately $292,000, or approximately 23%, to approximately $1,000,000 as compared to approximately $1,292,000 reported for fiscal 2011.
The decrease in revenues was mainly due to the loss of lower margin wholesale business during the year, which we consider less desirable than our higher margin wholesale business or our mobile VoIP product.
Our sales representatives and our advertising are now focusing only on the growth of our mobile app product, which we anticipate will see significant gains in fiscal 2013.
We measure the growth in number of credit card payments each day from app users and in the number of daily calls made by mobile customers.
In early January 2013 we averaged three credit card payments a day and in March 2013 we average 14 payments a day.
We have had as many as 29 credit card charges in one day, and we believe that we can continue to grow our mobile app customer base and reach 50 payments a day soon after our iPhone app is released.

OK. they had 14 renewals a day, so 30x14 = 420 customers in March (subscriptions are monthly, so they must be paid once a month.)

Q1 revenue was $238K. With about 420 customers.

You say PVSP must have 23,000 paying customers now. Let's check Q3 revenues : $228K.
Bummer, they gained 22,000 paying customers while losing $10K of revenue. Total FAIL!

In any case, Vox ceased to give any significant measure of their "progress" after the 10-K. There was no measurable progress this year, even in the Quarter that includes both the iPhone and the call cards revenues, if any.