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Replies to post #79303 on Pervasip Corp (PVSP)
01/22/15 11:54 AM
On September 4, 2014, a lender converted $5,025 of debt into 50,250,000 shares of common stock.
On September 8, 2014, a default judgment in the amount of $70,000 was filed in Nassau County New York against the Company for failure to pay promissory notes owed to a lender.
On September 11, 2014, a lender converted $2,190 of debt into 36,500,000 shares of common stock.
On September 11, 2014, Factor Fund converted $10,000 of debt into 50,000,000 shares of common stock.
On September 23, 2014, the Company issued its CEO one share of Series E Preferred Stock for the conversion of a note and accrued interest of $14,721. The Series E Preferred Stock provides a voting right of 4 times the value of the total number of common stock issued and outstanding at the time of voting. As a result, the shareholder of the Series E Preferred share has voting control of the company.
On October 6, 2014, a lender converted $3,015 of debt into 50,250,000 shares of common stock.
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