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Pervasip Corp. Message Board

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  • jwrye jwrye Oct 16, 2008 12:39 PM Flag

    10-Q out

    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 ………

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