Replies to post #77681 on Pervasip Corp (PVSP)

[Arthur]

Well, Pervasip last 2 major initiatives were:

1. The Ojo videophone

2. The VOIP app.

The Ojo videophone failed because it was incompatible with cell phones and laptops, and because the manufacturer was bankrupt.

The VOIP app failed because the market is already saturated with about a thousand other VOIP apps, because Google and Skype offer VOIP and VVOIP for free, and because the lack of marketing to promote and differentiate their product.

Pervasip real business strategy for the past 4 years was to REDUCE ITS DEBT.
Since the company's operation side was not generating any profits (and losing $1.5M more a year),
the only recourse was to sell share, and to dilute all shareholders to oblivion, which is what they did.

Alas the debt is far from gone, Pervasip still owe about $10M. And there is still a lot of convertible debt in the pipeline, including a contractually obligated reverse Split.

I'm not sure what is Pervasip's current business plan, last 10-Q say

In addition to Internet marketing to sell our product, we plan to approach various companies that have the potential to distribute our VoIP product, such as IPTV companies, who have established customer bases with Internet usage.

Sounds exciting.