There are plenty of companies losing WAY more money than PVSP trading at much higher and often OBSCENE valuations and having hundreds of MILLIONS and sometimes BILLIONS of shares authorized and in the float.
If you consider 3 million is losses in a MULTI BILLION dollar industry as excessive... that's a pretty thin argument.
Once again - why would they even want to risk any capital on a "WORTHLESS" company with no future..
Illogical.. and Crazy too...
I'm sure the Myspace and Napster backers aren't that crazy.