Pervasip Corp (PVSP)

[Bjones2]

FF agreed to not convert for rest of year? Why

They obviously saw that PVSP was going to hit their Authorized limit at 800m shares, and they could have just had Paul increase the AS to the 1.5B earlier, instead of waiting until Oct to do it.

They must have felt that we could reach cash flow positive by Q1, and agreed to hold the conversions until then. Those salary cuts and other measure to reduce cost were all probably part of that agreement.

With the current revenue we a generating TODAY and the margins, there is absolutely no reason that we are not cash flow positive. We have two salaries that are completely out of line for a struggling company that has to sell equity in the company for .002 cents a share just to make payroll and pay down a lot of excessive debt.

Technology wise we have a couple of great products that need marketing dollars to take off. We could easily eliminate one of those executive positions and pick up $175 plus a year.

We need a young Pit Bull CEO that sleeps under desk at the office and takes $1 a year in salary because he believes in the company and knows he will be rewarded with the value of his stock in the future, like Bill Gates did in the early days, take no prisoners attitude.

We have a Lassie, gentle, well behaved and not a mean streak in him, a lap dog.

FF needs to step up and do the right thing and they may just be beginning to apply the pressure.