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Sunday, 01/12/2014 1:45:11 PM

Sunday, January 12, 2014 1:45:11 PM

Post# of 183647
You too funny mr apples., all in the filings; but nice to see how you acknowledge and finally admit the new $2mm notes replaced the Laurus 8mm in long term notes. Thereby reducing the long term debt by $6mm. Too funny or even ridiculous that you state PVSP didn't receive the $2mm in cash, how deceitful trying to prey on shareholders in such a ridiculously false and demeaning manner. Notice each former Laurus note amended states it was a CD.
"As of August, FF had already converted and reduced its loan by$523k, $362k of which reduced the new $2nn in notes to $1.638 mm. Short term borrowings at that point had been reduced by $161k. Somebody be mixing some deceptive stuff around here. Below is the exchange of $8mm in CDs for $2mm in CDs ( new notes)
"Effective February 15, 2013, Pervasip Corp. (the “Company”) entered into a securities purchase agreement with the Fund pursuant to which the Company issued to the Fund (i) an amended convertible debenture in the principal amount of $6,043,850, which was immediately canceled (“Amended Note 1”), (ii) an amended and restated convertible debenture with an issuance date of November 30, 2005 and an amended principal balance of $1,000,000 (“Amended Note 2”), and (iii) an amended and restated convertible debenture with an issuance date of May 31, 2006 and an amended and restated principal balance of $1,000,000 (“Amended Note 3” and together with Amended Note 1 and Amended Note 2, the “Amended Notes”)."