Pervasip Corp (PVSP)

[Smilin' Penny Assassin]

Man o man! PVSP well it's here

From 10q

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the ordinary course of business. However, the Company has sustained substantial losses from its operations in recent years and as of February 28, 2015, the Company has negative working capital of $11,957,513 and a stockholders’ deficit of $11,952,362. In addition, the Company is unable to meet its obligations as they become due and sustain its operations. The Company believes that its existing cash resources are not sufficient to fund its continuing operating losses, debt payments and working capital requirements.