Pervasip Corp. (PINK:PVSP) tries hard to break up the loss these days. The downtrend started on Wednesday and continued 
yesterday when the stock lost another 6% of its price while trading 1.4 million shares for the day.
Apparently, Pervasip is not satisfied with its current chart position and makes efforts to change it as soon as possible.
On Feb 13, the company reported that it has signed an agreement with Access Sales Group to represent its videophone and Pervasip’s mobile VoIP applications in the consumer electronics retail marketplace. Being published, the news immediately pumped up PVSP stock price, though the climb lasted for two days only.
After the stock took the way down, Pervasip decided to use another way to push it back. This time, by promotions.
PVSP got promoted by OTCEquity yesterday for a compensation of $18,000. The promoter featured the stock as a big future gainer, though the result is still to be seen.[BANNER]
Pervasip Corp. delivers wholesale voice over IP telephone services for the residential and small business markets through its wholly-owned subsidiary VoX Communications. Today, the company’s partner G3 Connect, LLC announced its plans to open a manufacturing office in Hong Kong this year, which might additionally support PVSP stock price.
Unfortunately, as of Aug. 31, 2011 the financials of Pervasip look completely discouraging. Along with the increasing amount of liabilities, both the company’s deficit and the stockholders’ deficit flew up.
Over the past few months, there’s been high trading activity with PVSP shares of common stock, though the company’s going concern status is still on.
