Replies to post #146035 on Pervasip Corp (PVSP)

[mulaa]

Give it a few days and you'll know exactly what's been going on $$

[Cooltabby]

Here you go BigGreen101

StockScout1 Member Level Saturday, 10/10/15 05:49:37 PM
Re: md3423 post# 146036
Post #
146037
of 146039 Go
$PVSP Summary to Date:
1.) Executing plans to improve balance sheet and capital structure to meet the anticipated financial and other requirements of potential new investors, joint venture partners, licensors and acquisition targets.

2.) Build shareholder value, and to do so in ways that are accretive to all of our collective share holdings.
*However, they are also important and transparent to prospective new shareholders – especially, for example, acquisition targets and their various stakeholders during due diligence and negotiations.

3.) Elimination of $4,884,559 in debt that is subject to agreements calling for full satisfaction and elimination in exchange for cash payments totaling $170,000.
99% of the starting balance, is expected to be eliminated or converted into restricted equity before year end.

4.) Taking steps to improve our share structure, including the elimination of all classes of preferred stock except for the new class of preferred (Series H) used to complete our recent acquisitions.

5.) No intention of completing a reverse stock split for the foreseeable future.

6.) Technology focus is an essential aspect of plan to build shareholder value with those opportunities. Existing and planned new acquisitions and technologies collectively, on an integrated basis, provide the ability to create new recurring revenue streams and enhance existing retail margins.

7.) In the meantime, this has been an exciting summer with the completion of the Plaid Canary Corporation and Grow Big Supply LLC acquisition – a transaction expected to bring in excess of $5 million in annualized revenue with targeted operating income margins of about 5%. This transaction has helped to negotiate for investment, restructuring, licensing and acquisition terms at valuations much better than current stock price. Completion in the next week or so and to provide further updates as appropriate.