Replies to post #138970 on Pervasip Corp (PVSP)

[cameron23]

Not necessarily. They still have time to complete the merger.

[StockScout1]

Your statements are vague and not very well thought out.
1. Billions have been traded on a 4.7B O/S, understandable.
2. Shorts Covered, as they always do on Friday. MM Trades 7/27-8/7 at .0007 230,226,005 **FYI, didn't count Retail.
3. 10-Q should have been out, Maybe under normal circumstances but
4. Merger was just ANNOUNCED July 8th and just now 1 month old and subject to and upon the terms and conditions of this Agreement and the "DGCL," Delaware General Corporation Law.

Billions have been traded. And still nothing.
Short covered by now.
Ten q would've been out by now.
The merger Shouldve happened by now as well.

AGREEMENT AND PLAN OF MERGER
http://www.sec.gov/Archives/edgar/data/90721/000147124215000058/pvsp8k07012015ex10_2.htm

THIS AGREEMENT AND PLAN OF MERGER, dated as of JULY 1, 2015 (the "Merger Agreement"), between PERVASIP, CORP., a New York corporation ("PVSP"), and PLAID CANARY CORPORATION, a Delaware corporation and wholly-owned subsidiary of the PVSP ("PCC" and, together with the PVSP, the “Parties”).

WHEREAS, PVSP has authority to issue 8,978,999,990 shares of common stock, par value $0.00001 per share (the "PVSP Common Stock"), of which 4,702,630,209 shares are issued and outstanding;

WHEREAS, PCC has authority to issue 10,000,000 shares of Common Stock, par value $0.00001 per share (the "PCC Common Stock"), of which 10,000,000 shares are issued and outstanding;

WHEREAS, the respective boards of directors of PVSP and PCC have determined that it is advisable and in the best interests of each company that PVSP merge with and into PCC upon the terms and subject to the conditions set forth herein, and whereby the transaction is intended to qualify as a tax free reorganization pursuant to Section 368(a) of the Internal Revenue Code of 1986, as amended (the “IRC”), to the extent permitted by applicable law;

WHEREAS, in furtherance of such combination, the boards of directors of the Parties have each approved the merger of PVSP with and into PCC (the “Merger”), upon the terms and subject to the conditions set forth herein, in accordance with the applicable provisions of the Delaware General Corporation Law (the “DGCL”); and,

WHEREAS, the Parties have obtained any approvals required under the DGCL for the completion of the Merger as described above and subject to the terms and conditions hereof.

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements herein contained, and intending to be legally bound hereby, the parties agree as follows:

1. Merger. At the Effective Time (as hereinafter defined) and subject to and upon the terms and conditions of this Agreement and the DGCL, the Merging shall be merged with and into the PCC. Following the Merger, PCC shall continue as the surviving corporation (the “Surviving Corporation”) and the separate corporate existence of PVSP shall cease. As part of the Merger and as more fully described Section 3 below, the issued and outstanding PVSP Common Stock and PVSP Preferred Stock shall be exchanged for PCC Common Stock at the relevant exchange ratios. The Merger shall be consummated as promptly as practicable after satisfaction of all conditions to the Merger set forth herein, by filing with the Secretary of State of the State of Delaware of a certificate of merger or similar document (the “Certificate of Merger”), and all other appropriate documents, executed in accordance with the relevant provisions of the DGCL. The Merger shall become effective upon the filing of the Certificate of Merger with the Secretary of the State of the State of Delaware. The time of such filing shall be referred to herein as the “Effective Time.”
2. Effects of Merger. At the Effective Time, all the rights, privileges, immunities, powers and franchises of PVSP and all property, real, personal and mixed, and every other interest of, or belonging to or due to each of PVSP shall vest in the Surviving Corporation, and all debts, liabilities, obligations and duties of PVSP shall become the debts, liabilities, obligations and duties of the Surviving Corporation without further act or deed, all in the manner and to the full extent provided by the DGCL. Whenever a conveyance, assignment, transfer, deed or other instrument or act is necessary to vest any property or right in the Surviving Corporation, the directors and officers of the respective constituent corporations shall execute, acknowledge and deliver such instruments and perform such acts, for which purpose the separate existence of the constituent corporations and the authority of their respective directors and officers shall continue, notwithstanding the Merger. The Certificate of Incorporation of PCC, as in effect immediately prior to the Effective Time, shall be the Certificate of Incorporation of the Surviving Corporation and thereafter may be amended or repealed in accordance with its terms and applicable law. The parties intend that the Merger shall be treated as a tax-free reorganization pursuant to Section 368(a) of the IRC, to the extent permitted by applicable law.

[dehart1957]

Sell order 1 mill 125 k rev# so trollin them out. Will be surprised if you are succesfully