Replies to post #59029 on Pervasip Corp (PVSP)

[BigGreen101]

The AS will have to be increased because it will not be able to cover the following:

On June 27, 2013, Pervasip Corp. (the “Company”) sold to its Chief Executive Office a warrant to purchase 25,333,333 shares of common stock, par value $0.001, of the Company (the “Common Stock”), and to its Chief Information Officer a warrant to purchase 20,000,000 shares of Common Stock. The Company received, in the aggregate, cash payments totaling $68,000. The warrants have a ten-year life and an exercise price of $0.005.

There are additional warrants outstanding as indicated in the 10Q.

The AS needs to increase in order to cover all the warrants and stock options, regardless of when management wants to excise them once the PPS is over the set price. JMO