Pervasip Corp (OTCMKTS:PVSP) Boosted By Quarterly Report

[[tagnumber 0]][[tagnumber 1]]After a brief upward run in the end of June we saw the stock of Pervasip Corp (OTCMKTS:PVSP) traded into double zero land. Unfortunately, that didn’t last long and the ticker quickly descended into the triple zeros, almost reaching rock bottom by the second half of September.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]There were some pretty good reasons for the performance of [[tagnumber 6]]PVSP.[[tagnumber 7]] As we previously wrote, the company doesn’t seem to have a working website, their balance sheet for the quarter ended February this year was pretty disastrous and there was some pretty serious dilution, with shares being printed at extreme discounts.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Meanwhile, we see that the company has issued its latest financial filing. The report covers the period ended August 31, 2015 and contains the following numbers of prime interest.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 15]] [[tagnumber 16]]cash: $5,647[[tagnumber 17]] [[tagnumber 16]]current assets: $348,722[[tagnumber 17]] [[tagnumber 16]]current liabilities: $10,642,892[[tagnumber 17]] [[tagnumber 16]]quarterly revenues: $300,084[[tagnumber 17]] [[tagnumber 16]]loss from operations: $118,799[[tagnumber 17]] [[tagnumber 26]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]And although these numbers don’t look pretty they were enough to push the ticker up and increase the daily volumes in the last days of the past week. After [[tagnumber 6]]PVSP[[tagnumber 7]] gained 66.67% in Friday’s trading we saw the ticker close at $0.0005. The 227 million shares that changed their hands at that price, however, were enough to generate only $90 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We see [[tagnumber 6]]PVPS[[tagnumber 7]] climbing even higher today, but how far can it get? That is for time to tell, you just be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]