Replies to post #10000 on Pervasip Corp (PVSP)

[Talonss]

So you correctly interpreted those PR's and yet bought in expecting massive dilution and another RS in the future?! (my ain't we a glutton for punishment). We all interpreted the PR's the way Riss intended us to interpret them...that PVSP had turned around and was on the fast track to "unlocking value" for shareholders.

You stated "The PRs have not been misleading." Didn't you buy the 5's the day the debt conversion PR at 25 cents hit the newswire...why prey tell, so you could sell those 5's at 1-2 cents?! You were misled just like the rest of us and don't even try to paint it otherwise. Nobody buys a stock at .052 cents expecting to sell it lower. As I recollect, the stock closed at 5 cents that day (the Cd sellers sold into the short lived rally) and has continued it's downward spiral ever since.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63806925

As for the short selling, Riss himself acknowledged this or should I say his broker did. At the time, the O/S on this stock was reportedly 20 million, Fanning had signed on as a "friendly investor" and a new steward for PVSP. His connections in the tech world conveyed a bright future for PVSP. Who in their right mind would short such a stock, but insiders of the caliber of Cd holders. They had the correct o/S information and knew the dilution was in the pipeline and promptly turned around and directly or indirectly "illegally shorted this. The first day I boarded this play, the shorting was evident as ASCM kept jumping my bid, but later it became evident that it was illegal shorting.

Like I said, barring a miracle PR, I've given up recouping my investment here. However, I won't skulk away quietly without taking Fanning and Riss to task. GLTY

[Arthur]

That's not how I see it, Kana.

If fully expect the debt conversion attempt to fail.
A company that is hemmoraging money cannot succesfully raise $3M (or is it $5.5M ?) by selling its own shares (thru convertible debentures). Not when its market cap is below $0.5M to start with.

On the other hand, I expect that there will be several "juicy PRs" and mini-rallies.
But all thoose rallies will be short-lived and the stock price will sink lower and lower.
The main beneficiaries of those rallies will be the debenture holders. Each rally will recruit a new cohort of gullible shareholders to be fleeced.

The ultimate touchstone of a "juicy PR", is if it correctly announces new revenues, if the expected revenues do materialize. I fully expect the promized revenues not to materialize, and the quarterly losses to stay high.

And no, the company will never get to apoint where it can reapy its debts with cash. I don't see it achieving beak-even within any foreseeable timeframe.
The best it can achieve (as opposed to shutting its doors or filing for BK),is to turn itself into a true subpenny stock, with almost no revenues, no employees no expenses, and constant issuance of new shares.

But there will be bumps and surprises along that road to oblivion, and I'll be here to comment on those as they happen.

[Cooltabby]

This and all of the

posts at the end of July do not sound promising at all.