Pervasip Corp (PK) (PVSP) Quote

The way this is going wouldn't surprise me at all!! Zen 😕😕😕

I’m sure the abounding opportunities are those no one else wanted. Not that I care as long as we get to a penny again!!!!
Zen

You don’t need to be seasoned to read a disaster after so many years of no growth. When a Co and it’s most favorable poster always point to ‘gross profit margin’ with no increase in revenue but an increase in net loses, you always know you’re being fed BS. I also like the mention of sales on Oregon with no numbers to support same. Unfortunately, there is NO top marketing management as yet to make this happen while shares are being sold.
Zen

Hey Urocka... I can't seem to find where it states Q3 for the spin-off reschedule! Also... Q3 for this company represents which months? Surely looking like Germany played us for an entire year... despicable!!!

“In the meanwhile, the Company also has entered into negotiations with several parties to bring to Pervasip certain technologies and related opportunities once the spinout is complete.”

Pervasip Announces First Quarter Financial

Reports 2024 First Quarter Revenues of $3.34 Million from Artizen Corporation

April 23, 2024 14:40 ET
| Source: Pervasip Corp.

SEATTLE, WASHINGTON, April 23, 2024 (GLOBE NEWSWIRE) -- Pervasip Corp. (OTCPK: PVSP) (“Pervasip” or the “Company”), a developer of companies and technologies in high value emerging markets, today announced its 2024 first quarter financial results.

Key Highlights

Gross Profit for the quarter ending February 29, 2024 totaled $831,079 on $3,347,086 in revenues, compared to gross profits of $716,213 during the same period in 2023.

Gross Margins increased from 20% to 25%, a 25% increase. The improved gross margin reflects increases in production yields and gains in production efficiencies.
Revenues of $3.34 million decreased slightly from 2023 first quarter revenues of $3.66 million, achieved in a market that continues to battle over supply and price compression.

Operating Loss for the quarter increased to $618,623, deeper than the $501,283 loss reported in the first quarter of 2023. This increase is attributable to one-time expenses related to the restructuring of operational staff and completion of the company’s 2022 audit.

Operating cashflow for the quarter ending February 29, 2024 totaled $98,320 compared to negative cashflow of ($38,044) during the same period in 2023.

Generated first retail sales in Oregon recreational market, fulfilling company’s goal of expanding its retail brand on the West Coast.

The Company initiated its debt and operational restructuring, continuing to reduce low yielding real estate footprint, entering into a voluntary debt restructuring, consolidating operations, and exiting one of its largest facilities which had seen 65% utilization over the past years. With a focus on higher margin products, operational objectives focus on improving gross and operating margins in preparation for the spin out of all of the Company’s cannabis assets.

“We are entering our final phase of restructuring which involves making difficult decisions to ensure additional expense reductions and separating the Company from assets it has held for many years,” said German Burtscher, Pervasip’s president and chief executive officer.

As part of the restructuring, George Jordan has resigned from his duties as CFO and COO of the company and will stay on as an advisor, supporting management through its final phase of changes in preparation of the spin out of Artizen Corporation.

The Company has engaged with Frucci & Associates for the completion of the fiscal 2023 audit of the Company and of Artizen Corporation, which is needed for a spinout and uplisting of Artizen Corporation to OTCQB. In the meanwhile, the Company also has entered into negotiations with several parties to bring to Pervasip certain technologies and related opportunities once the spinout is complete.

The basic and diluted loss per share remained constant at $(0.00), with the weighted average number of shares outstanding increasing slightly to 5,429,231,963 from 5,329,231,963.

As we continue our efforts to streamline operations and focus on higher-margin products, these quarterly figures reflect both the challenges and the ongoing strategic adjustments being undertaken by the company. Our commitment to improving our financial performance remains steadfast as we prepare for the strategic spin-out of Artizen Corporation and engage in new opportunities that align with Pervasip's growth trajectory.

For further information, please contact:

T: 206-590-2408, Extension 102
E: info@pervasip.net


Complete release: https://www.globenewswire.com/en/news-release/2024/04/23/2868067/0/en/Pervasip-Announces-First-Quarter-Financials.html

Quarterly Update out.

https://finance.yahoo.com/news/pervasip-announces-first-quarter-financials-184000275.html

Man, I'm not seasoned at financial report reading and comprehending all the Details.....that being said things (Numbers) don't look good. Spin-Off schedule now Q3 2024....Dang.....that does Not Rock......Subsequent Events had some disappointing information. A Lot to Absorb....

fins posted

Bloomberg Marijuana Stocks Gain Momentum on Cannabis Reform Hopes

US Edition
Markets

By Carmen Reinicke
April 19, 2024 at 12:00 PM EDT
Updated on April 19, 2024 at 4:20 PM EDT

Marijuana Stocks Gain Momentum on Cannabis Reform Hopes
Two cannabis funds have beat the S&P 500 in last six months
Investors see major upside for the industry with policy change





Bloomberg

By Carmen Reinicke
April 19, 2024 at 12:00 PM EDT
Updated on April 19, 2024 at 4:20 PM EDT

Investors have been diving into cheap pot stocks in hopes that a change in US policy will unlock major upside for cannabis companies.

A look at funds and stocks following the marijuana industry ahead of the unofficial marijuana holiday of April 20, popularly known a

finally a fact spoken we can all believe -thanks

Long wait but it will be worth it. Next steps
should be announced soon IMO.

God willing!

Should We Be Getting the late filing Financials Today?? Or Monday??

Need some Numbers!!

Where is the ZEN? $PVSP

Gotcha!! My point was we need some "Showtime" around here!!

My point, ALL of the metals companies in pennyland go nowhere, but most run at least once.

Riss is already in a gold venture - in California and Arizona- it is called agdy

YAWN

PCAOB Audit completed Feb, Spin Off SOON!!!

Paul Riss
@PaulRiss
·
Feb 9
$PVSP has uploaded PCAOB audited financial statements. Thank you! Thank you! Thank you! Now they can work on #spinoff and creating value. Onward and upward! I think my $MHRE spinoff will happen first. It's a race.

https://twitter.com/PaulRiss

Please explain the relevance to pvsp!! Enlighten us!!!
Zen

I was simply referring to an old post shen he was pumping.
Zen

Schumer And Other Democrats Amplify Calls For Marijuana Reform Ahead Of 4/20
Which Congressman Says Should Be Celebrated ‘Every Day’
Published on April 17, 2024By Kyle Jaeger

Democratic senators, including Senate Majority Leader Chuck Schumer (D-NY), are “trying to recruit Republicans” to join them in the push for federal marijuana legalization, Senate Finance Committee Chairman Ron Wyden (D-OR) said at an event ahead of 4/20, which another lawmaker said is a holiday that should be celebrated “every day” this year as advocates work to get reform “across the finish line.”

At a press briefing organized by the Last Prisoner Project (LPP) on Wednesday, multiple congressional champions of cannabis legalization marked progress in the fight to end prohibition.

As Schumer, Wyden and Sen. Cory Booker (D-NJ) prepare to file a bill to federally legalize marijuana later this month, Wyden said the trio are “out right now trying to recruit Republicans to join in.”

Teen Marijuana Use Has Declined In Washington Since Legalization
“I want you to hear what my message is. I’m gonna say one word: Deschedule,” he said. “Descheduling ought to be a Republican dream… Sometimes I think they’re only for states’ rights if they think the state is right.”

Schumer, meanwhile, applauded advocates and discussed his work on legalization and cannabis banking reform in a pre-recorded video that was shared with Marijuana Moment ahead of a National Cannabis Policy Summit on Wednesday.

“My commitment to ending federal prohibition on cannabis remains as strong as ever,” he said. “As many of you know, cannabis reform is an issue I’ve cared about, and I’ve been working hard on, for years. And as many of you know, momentum is now in our favor.”

“Here in Congress, we’re making some good progress,” he said, pointing to the Senate Banking Committee passage of the Secure and Fair Enforcement Regulation (SAFER) Banking Act last September. Schumer also reiterated his interest in attaching a measure to incentivize state-level cannabis expungements to the legislation when it’s brought to the floor.

The majority leader also talked about his forthcoming Cannabis Administration and Opportunity Act (CAOA) to legalize marijuana.

“Cannabis legalization has proven successful at the state level. It’s high time that Congress catches up with the rest of the country,” Schumer said. “Of course, we know none of this is easy, especially in divided government. We need all of you to continue reaching out to members, especially Republican members, so we can make cannabis reform a reality.”

Back at the LPP event, Congressional Cannabis Caucus founding co-chair Rep. Earl Blumenauer (D-OR) touted his 51 years of work to reform state and federal marijuana laws. He also said it’s “appropriate” that advocates and lawmakers are celebrating 4/20 three days early because, “this year, we ought to be celebrating 4/20 every day.”

“Forces are aligned to be able to end this failed war on drugs and mobilize unprecedented support across the country,” he said. “And, frankly, the Biden administration has been doing a little realignment, which I welcome. But it’s time to not just realign but get it done.”

“President Biden, if I was interested in mobilizing young people—if I was interested in energizing them—this is a no-brainer,” Blumenauer said.

"Showtime" is the word??? Zen??

Do you mean is it “showtime” yet???

What’s going on with Pervasip…

Getting into the metals biz is one of the oldest scams in pennyland. It takes billions to get into this biz re land leases, lab expenses and equipment. A farce for sure but farces in pennyland do run!!! I have done well by Riss but it’s not for peeps who do not have money that can sit for years. I can foresee a gold venture popping up in Bolivia for sure, lolololol!!
Zen

Yep, people want Riss stock so bad they spent 920 bucks buying it today, one of your usual analogies, right??
Zen

Pipe dream at this point, the Co has not pr’d actual funding. Pure BS from the BJ!!
Zen

Funding from where?????
Zen

It is the whole reason for the Spin Off!

They have explained it a dozen times now, read the releases.

Where do u see the extra money for acquisitions?? We are not profitable and seem to be struggling...

Paul is the Man!!!!!

Got to love this guy, he never quits and the Artizen spin off is going to set this gem FREE!!!

Just hope we can get the deal done soon, before the cannabis sector starts to run agin. With the much anticipated funding we should be able to acquire cannabis assets at Rock Bottom prices. Buying up some distressed Retail Locations in multi states would set to stock price on fire!!

"Company expects to file Qtrly report in several days"
The company was not able to complete its accounting for the period ended 02/29/2024 in sufficient time for
management to thoroughly review the report. The Company expects to file the report in several days

This was post...

Paul Riss
@PaulRiss
Spinoff is done. #Fortune now is a stand-alone entity separate from Mesa. Now that I have done a #spinoff I can give some pointers to our friends at $PVSP

Nice find ...
Holding Corp. (OTC Pink:HTSC) (the "Company" or "HTSC"), is thrilled to announce the successful completion of its acquisition of DCE Construction, Inc.

Thanks..

The whole post on Twitter confused me Rogue One! I thought a re-post in here would get answers?

Riss Spin Off of HTSC to MHRE on FiRE!!

MHRE the California Garage Door Installer doing around $20M in sales with 100M shares outstanding is up 150% in past few months from .02 to .05.

PVSP spin off of Artizen will be structured the same, 100M shares outstanding, plus we keep all of our PVSP shares that will be to bring private company public, so we will own two new companies!!!

Keep and eye on this one.
https://ih.advfn.com/stock-market/USOTC/mesa-home-resources-pk-MHRE/chart

Good point, unfortunately the market movers always know what retail dues not. We shall soon see!!!
Zen

Found it, Fortune Nickel Gold division is spun out
Holders of record November 2, 2023 of HTSC stock will also receive shares of Fortune Nickel
and Gold.

https://finance.yahoo.com/news/serve-holding-corp-otc-htsc-141000478.html

Oldrogue.

Interesting , least things are still moving ahead . Long overdue here for the new shares .

Fortune??? Replaced Here To Serve? Confused!

Oldrogue.

Paul Riss to the rescue 😁😁😁

Spinoff is done. #Fortune now is a stand-alone entity separate from Mesa. Now that I have done a #spinoff I can give some pointers to our friends at $PVSP
OK...Do we know which stinkie Paul has spun? Maybe; "Thanks but no thanks Paul"?

So. The question. So what? So what happens with this much anticipated spin off? Are all the shares going to $10? Are they going to .01?
Will it be a good time to sell long held shares to new sucker investors?
The answer is: There is a reason why PVSP is trading as it is...weed is good, this company is not.

isnt this 10 days

5 day Extension on Qtr Report has been Filed.

The Attorney Amended Letter may have caused delay or change in Qtr report, should be ready by end of week is my guess.

https://www.otcmarkets.com/stock/PVSP/overview

According to the attorney letter audit of fins 2022/2023 is complete. We should be getting a PR about spin off date for Artizen.
https://www.otcmarkets.com/otcapi/company/financial-report/397385/content

Do we dump everything immediately after the spinoff, or do we watch while Riss and KK destroy whatever the value there might be . . .

Spinoff is done. #Fortune now is a stand-alone entity separate from Mesa. Now that I have done a #spinoff I can give some pointers to our friends at $PVSP— Paul Riss (@PaulRiss) April 15, 2024

Well U Beat me by 3 Minutes! I wonder if he still has all those Shares valued at .01??? Hopefully We Can Get Our Spin-Off Completed Soon???

Where is the ZEN???

LET'S ROCK! $PVSP

Spinoff is done. #Fortune now is a stand-alone entity separate from Mesa. Now that I have done a #spinoff I can give some pointers to our friends at $PVSP— Paul Riss (@PaulRiss) April 15, 2024