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Replies to post #142680 on Pervasip Corp (PVSP)
StockScout1
08/28/15 5:44 AM
#142681 RE: The Pizzaman #142680
Letter to Shareholders The remainder includes $4,884,559 in debt that is subject to agreements calling for full satisfaction and elimination in exchange for cash payments totaling $170,000. We accordingly expect that debt to be eliminated before year end. An additional $1,212,326, for a total of $8,162,499 of the $8,265,793 in debt at the start of 2015 – or 99% of the starting balance, is expected to be eliminated or converted into restricted equity before year end.