Replies to post #20220 on Pervasip Corp (PVSP)

[Arthur]

Mid-March.

Last year's 10-K was March 16, after a NT 10-K.

I expect the 10-K to show still $700K of ongoing CDs. NetCapital is acquiring debt from Valens every month, and then reselling it as a CD as soon as possible.

NetCapital seems to have trouble to find buyers for that debt, that why they were stuck with $350K of still-unconverted debt as of last Q.
My interpretation is that the $400K purchase of debt by G3 bought exactly that $350K + the next installment from NetCapital, otherwise the NetCapital/Valens deal would have broken down.
So, NetCapital is still issuing debentures, and PVSP is not bothering issuing a 8-K to mention it everytime it happens.