Replies to post #52177 on Pervasip Corp (PVSP)

[sgunderbarth]

.002/21 bids are stacked.

[posilock]

Like i said before short squeeze coming like you never saw before!

[Owlman]

Sometimes I think we're here to make the market for the MMs, not the other way around. At least it looks like that's what the MMs think.

[trupm007]

Agreed 100% huge short position by VFIN counting on Asher's CD conversion ....Now it is the shareholders VS the VFIN.....Burn the fricken VFIN...Take them to BK or flush em out....

[Arthur]

Pervasip paid Factor Fund an extra $150K to delay the debentures conversion by one quarter (wait til the IOS app launch).

Of course, since PVSP has no money to pay anyone with, the $150K was added to its (convertible) tab.

Effective June 19, 2013, the Company and 112359 Factor Fund, LLC (the “Fund”) signed an amended security agreement, amended exchange debentures, securities purchase agreement, and a new note for $665,000, due on December 31, 2014 with six percent annual interest (the “Financing”). (...)

In conjunction with the Financing, the Company agreed to implement a salary deferral plan to reduce the cash expenditures for personnel, to limit its cash expenditures to certain pre-approved items, and to accrue an additional fee to the Fund of $150,000. The Fund agreed to limit its sales of the Company’s common stock, to not engage in any short transactions involving the Company’s common stock, and to not require the Company to increase its authorized shares of common stock for a certain time period, even though the Financing documents require the Company to reserve authorized shares for issuance to the Fund, if the Fund desires to convert existing debt into shares of common stock.

Now that time period has expired. Pervasip will announce a retroactive A/S increase (will announce the shares increase several days after it took place). Surprise!!!