"We are pleased to have a friendly investor who wants to work with us to build value for our shareholders," said Paul Riss, Pervasip's Chief Executive Officer. "At this point in time, our original lender can no longer foreclose on our assets."
Do you honestly think NetCapital bought PVSP debt in hopes of repossesing them? That is crazy talk. That's like saying a bank would rather foreclose on a house than have you pay the note. NetCapital bought the debt because they believe they are going to make a lot of money with PVSP technology. They may even have deals in place. We don't know. What we do know is NetCapital has been successful and they feel like buying PVSP's debt is a good investment. If PVSP is good enough for them why wouldn't they be good enough for me.
Perhaps you can enlighten us as to why ANYONE would accept another companies debt if the company is "in your words - GOING BANKRUPT".
So these powerful, business savvy men chose to waste their time and money in a worthless company and will receive many millions of worthless shares for their efforts.
This is truly illogical and lacks common sense.
That's why they play the game - as they say.
Obviously NetCapital sees something (perhaps that you do not) very valuable with PVSP - time will tell if they are correct. We may be in for a mobile paradigm shift.
Also, Microsoft just paid 8 BILLION dollars for a company losing 6 Billion $'s. Does not seem logical to me..
•Skype has produced little net profit since 2003. Last year the company posted revenue of $860 million and $264 million in operating profits, but still had a loss of $7 million. The company had $686 million in long-term debt as of Dec. 31.
Now they were bought for 8 billion. Look at the debt they had. NetCapital is looking in the future. This technology must be very expensive to develope but MicroSoft see a good investment in it.
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