Replies to post #41398 on Pervasip Corp (PVSP)

[Arthur]

But the CDs will not stop.

Pervasip has just taken two huge CDs of $1 Million dollars each.

Once the first CD is entirely converted and sold on the market --that's 312,000,000 shares at today's price, or even 500 million shares because the CDs are converted at 45-days VWAP,
then the second $1M CD kicks in, which is mercifully limited to 10% of PVSP's OS.

And then there are $447K of other convertible notes, which are being converted and dumped every trading week.

The launch of the IOS, --we're at mid-Q2 and it has not been announced so far -- will not change any of that.
It seems that with the Factor Fund financing, PVSP received $150K cash, so maybe it will borrow less than usual during Q2.

Don't be overly optimist about the IOS app. Just like the Android App, it faces stiff competition.
The VOIP sector is extremely, extremely competitive. There are already hundreds of VOIP apps for IOS, not to mention giants like Skype and FaceTime.

Unlike Vox Mobile, it's competitors are often mentionned in the trade press:
http://www.prweb.com/releases/2013/4/prweb10602041.htm
http://www.trutower.com/2013/04/05/fring-ios-changelog-version-621/
http://techcrunch.com/2013/03/15/nimbuzz-hits-150m-emerging-market-users-puts-the-heat-on-facebook-in-asia/

At best, there will be a slow ramp up of IOS revenue over several quarters.