Replies to post #178521 on Pervasip Corp (PVSP)

[Bjones2]

The 9B Authorized was cut by 2B

We have like 6,978,999,990 B authorized shares now all good!!

Pervasip Announces 2 Billion Authorized Share Reduction and no Reverse Splits for 5 Years

Press Release | 07/21/2022
Seattle, WA, July 21, 2022 (GLOBE NEWSWIRE) -- Pervasip Corp. (OTCPK: PVSP) (“Pervasip” or the “Company”), a developer of companies and technologies in high value emerging markets, today announced the decision to reduce the Company’s authorized shares and provide new guidance on reverse splits.

The Company’s board of directors has authorized a reduction of the number of authorized shares by 2 billion and will file the necessary certificates of amendment. “This is a significant step for us. We are continually looking for ways to combat any manipulation of our stock and increase value for our shareholders. We believe this reduction leaves enough shares in reserve for us to undertake any needed capital raising efforts, while also minimizing dilution among our shareholders,” said German Burtscher, Chief Executive Officer.

In addition, the Company has decided to announce that no reverse splits will be entertained for the next 5 years. The only exception would be a future uplisting to OTCQX.

[JP888]

That’s a great comparison. You know what our PPS would be at their current market valuation?

Most us would be retired 5 times over.