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Replies to post #61696 on Pervasip Corp (PVSP)
Arthur
11/17/13 4:29 PM
#61701 RE: DSherman #61696
(i) The “Conversion Price” in effect on any Conversion Date shall be equal to 100% of the 45 Day VWAP. As used herein, the term “45 Day VWAP” shall mean and refer to the average of the five (5) lowest volume weighted average closing market prices for the Common Stock for the 45 trading days preceding conversion as posted on the OTCQB or on such US National Exchange upon which the Company may be listed.