Pervasip Corp (PVSP)

[Arthur]

Except of course for the Auditors' opinion that Pervasip is not a going concern, of course.

Report of Independent Registered Public Accounting Firm
We have audited the accompanying consolidated balance sheets of Pervasip Corp. and subsidiaries as of November 30, 2012 and 2011 and the related consolidated statements of income (loss), stockholders’ equity deficiency and comprehensive income (loss), and cash flows for each of the years then ended. Pervasip Corp.’s management is responsible for these financial statements. Our responsibility is to express an opinion on these financial statements based on our audits.
(...)
As further discussed in Note 2 to the financial statements, the Company, among other matters, has negative working capital, a stockholders’ equity deficiency, has suffered recurring losses from operations and is unable to meet its obligations as they become due, which raises substantial doubt about the Company’s ability to continue as a going concern. Management’s plans regarding to these matters are also described in Note 2. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.