Pervasip Corp (OTCMKTS:PVSP) Slides Even Further Down

[[tagnumber 0]][[tagnumber 1]]Pervasip Corp (OTCMKTS:PVSP) has had quite the turbulent year so far. As the ticker entered 2015 we saw volumes suddenly increase and by the beginning of March the price followed. PVSP reached prices of around $0.0025, but had a hard time holding itself there.[[tagnumber 2]] [[tagnumber 0]]The final days of June saw the ticker embark upon an upward climb that lasted for seven consecutive session in which [[tagnumber 4]]PVSP[[tagnumber 5]] closed green. This is rather strange because a quick look at the companys latest quarterly report shows that it is in a rather bad shape. Here are just some of the numbers that [[tagnumber 4]]PVSP[[tagnumber 5]] recorded on March 31, 2015.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $2,623[[tagnumber 13]] [[tagnumber 12]]current assets: $219,778[[tagnumber 13]] [[tagnumber 12]]current liabilities: $12,177,301[[tagnumber 13]] [[tagnumber 12]]revenues: $894[[tagnumber 13]] [[tagnumber 12]]net loss: $1,953,441[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Despite these numbers and the numerous other red flags surrounding the company which we have discussed at length in our previous articles the ticker did manage to make an impressive run. That run, however, came to a halt on Tuesday and suddenly turned into a downward slide.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The downward movement cost 25% of the company stocks value in Wednesdays session after [[tagnumber 4]]PVSP [[tagnumber 5]]announced that they will make a reverse merger with their newly acquired subsidiary Plaid Canary Corporation. Thing is, there is very little that you can find about Plaid Canary. In fact, the only thing that we managed to dig up apart from [[tagnumber 4]]PVSPs[[tagnumber 5]] press releases was a contest for the companys corporate logo.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Considering all the disturbing things surrounding [[tagnumber 4]]PVSP,[[tagnumber 5]] which we have discussed lately, it seems that things can get pretty sour, despite the fanatic fanbase that the company has accumulated. Yesterday the company stock lost another 20% of its value and finished the session at $0.0012. [[tagnumber 40]]The volume was more than 2.5 times the average and, but the 164 million shares that changed their owners generated only $184 thousand in daily trade value at that price.[[tagnumber 41]][[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 40]]In conclusion, [[tagnumber 4]]PVSP[[tagnumber 5]] is one of the riskiest investment choices that presents way too many red flags to potential investors. You should be sure to do your due diligence and weigh out all the risks before making any investment decisions.[[tagnumber 41]][[tagnumber 2]]

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