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Pervasip Corp. Message Board

  • scales5 scales5 Oct 15, 2008 10:10 PM Flag

    10-Q out

    Am I reading this right..

    Did our Revenue decrease from last quarter.. $457k ending aug31 compared to $635k May31

    Our revenue from continuing operations for the three-month period ended August 31, 2008 increased by approximately $189,000, or approximately 70%, to approximately $457,000

    Our revenue for the three-month period ended May 31, 2008 increased by approximately $422,000, or approximately 198%, to approximately $635,000

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    • Form 10QSB for PERVASIP CORP
      Item 2. Management's Analysis and Discussion of Financial Condition and Results of Operations
      “We continually evaluate our cash needs and growth opportunities and we have reached an understanding with our principal lender to borrow an additional $500,000 at an-* interest rate of 15%-* from our principal lender to support our negative cash flow from operations for the months of October 15-Oct-2008 and November 2008.”

      Comment: This is an expensive company to keep afloat for its size. Do we have real opportunity or is management ………

    • "...a guarantee from our customer of a minimum of 50,000 “voice over GSM” lines by October 31, 2009"


      "We reported gross profit for the three-month period ended August 31, 2008 of approximately $57,000,....

      Selling, general and administrative expenses increased by approximately $385,000, or approximately 64%,..."

      "...principal lender to borrow an additional $500,000 at an interest rate of 15% from our principal lender to support our negative cash flow from operations for the months of October and November 2008"

      Deja vu time again...


      "At August 31, 2008, monies owed to us from two customers accounted for 46% of our total accounts receivable."


      And the get out clincher:

      Due to the international calling plans that UTGI is ANTICIPATING it will sell, WE BELIEVE that 50,000 lines will approximate $2 million in monthly revenue for us.


      Nine months revenue: $1,522,056
      Cost...............: $1,467,756

      International minutes cost more, so it would appear that on $2m per month, gross would be approximately $25,000. However, SGA will probably run at not less than $300,000 per month.

      You do the math!!!

 
PVSP
0.0010.000(+25.00%)Apr 17 3:37 PMEDT

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