Replies to post #41402 on Pervasip Corp (PVSP)

[Arthur]

Of course the CDs aren't over now.

Pervasip just borrowed $2M of Convertible Debentures last month.

Of course PVSP can repay those Debentures, if it happens to come by with $2 Million dollars. Meanwhile, that debenture is being actively converted, already 40 millions shares converted in February alone, even before the deal was announced.

Traditional funding would be a bank loan. Since PVSP has no assets, is losing money, and has already defaulted on venture capital loans, no bank loans are forthcoming.
That's why Pervasip is stuck with death spiral financing shylocks like Factor Fund and Asher Enterprizes.

If by some happenstance a new investor was willing to invest, say, $4M in PVSP, ($2.5M of which to be used toward redeeming the CDs), that investor is likely to ask for 75% of PVSP stock ownership, thus diluting ordinary shareholders by 75%.

But those are all hypotheticals.

The CDs are not hypothetical. They exist and they are being converted every week, and being dumped on the market into the eager hands of some members of this IH board.