$28 million of liabilities from the Company’s balance sheet
It would have taken Artizen revenue of $400 million or more to payoff that $28 million debt. At least we were able to clean up balance sheet and with the next venture it should be much easier to become a profitable company without the debt anchor hanging around our necks.
Paul will get it done, not this pothead dope playing CEO. I ask you would you lend money to this guy, no way LOL
SEATTLE, WASHINGTON, DECEMBER 23, 2024 – Pervasip Corp. (OTCPK: PVSP) (“Pervasip” or the
“Company”), a developer of companies and technologies in high value emerging markets, today announced its
divestiture of Artizen Corporation (“Artizen”) and its subsidiary, Zen Asset Management LLC (“ZAM”). The
divestiture eliminates more than $28 million of liabilities from the Company’s balance sheet, including about $15
million in debt and about $7 million in accrued taxes payable. Pervasip retains a 20% stake in Artizen.
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