Pervasip Initiates Buyout of Convertible Debt Instrument

Pervasip has sent notice to an investor to buy out a convertible debt instrument, which allows the investor to convert approximately $100,000 of debt into common stock at a 45% discount to market. Pervasip has also converted $224,000 of debt on its balance sheet into common stock, at a price of $0.08 per share.

The company's transfer agent reports that total shares outstanding as of June 16, 2011 are 46,601,463, 3,690,154 of which are in certificate form and 42,911,309 are held in brokerage accounts. A total of 43,175,587 are considered free trading shares.

Posted on Jun 21, 2011  Reviews | Share |  Digg
Filed in:
All comments require the approval of the site owner before being displayed.

Post a Comment

Please use a valid e-mail address. Your address will not be publicly visible and is only a means for us to contact you when asked. Thank you.

(will show your gravatar icon)
Home page

Comment (Some html is allowed: )  

Enter the code shown (prevents robots):

  All brand, company, and product names are trademarks or registered trademarks of their
  respective owners. © 2012 VoIP Monitor. All rights reserved. Privacy Policy  Terms