Viva Entertainment Group Inc (OTTV)

[powerbattles]

THIS IS A VERY POSITIVE ISSUE. OUR CEO JOHNNY FALCONES HAVE NOT BEEN PAID SINCE DAY ONE. HE EXCEPT SHARES RESTRICTED FOR EARNED STATED IN THE EMPLOYMENT AGREEMENTS.

DIRECTORS ALBERTO GOMES AND PRESIDENT, CONSUMER DIVISION JOHN SEPULVEDA ALSO EXCEPT RESTRICTED SHARE AS WELL.

The detail composition of the $512,400 in stock payable with related parties as of January 31, 2017, is as follows: Johnny Falcones $487,200, Alberto Gomez $16,800 and John Sepulveda $8,400. This stock payable is due to unissued shares earned on the employment agreements during the year ended October 31, 2016. The remaining balance of stock payable is discussed in Note 7.

ROLE DOWN TO NOTE 7 STOCK PAYABLE AND 8 SUBSEQUENT EVENTS
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11982551


NOTE 7 – STOCK PAYABLE

Common stock issuable consists of the value of shares payable under employment contracts with officers of the Company. Common stock issuable was $512,464 and $512,400 as of January 31, 2017 and October 31, 2016.

NOTE 8 – SUBSEQUENT EVENTS

Subsequent to January 31, 2017, the Company issued a total of 245,684,053 shares of restricted common stock to several individuals on the conversion of notes payable and associated accrued interest.

The Company also issued 16,250,000 shares of restricted common stock to several individuals for services previously rendered.