Viva Entertainment Group Inc (OTTV)

[powerbattles]

Base on my calculations the note holders finish converting by now.

Below are the breakdown. From 10k

As of February 17, 2017, 196,060,743 shares of common stock, $0.00001 par value per share, were outstanding.

From 10-Q
Outstanding Shares 609,749,201 a/o Apr 06, 2017

609,749,201 - 196,060,743, The difference is 413,688,458 out of 413,688,458 there are restricted shares for 6 months that is due in September. These restricted shares must be held accountable to figure out the correct amount of the entire float.

From 10-Q

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

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

NOTICED: THE SHARES OF RESTRICTED ABOVE IS 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.

THIS IS VERY POSITIVE ISSUE. OUR CEO JOHNNY FALCOMES HE EXCEPT RESTRICTED SHARES FOR EARNED ON THE EMPLOYMENT AGREEMENT.

DIRECTORS ALBERTO GOMES AND JOHN SEPULVEDA ALSO EXCEPT RESTRICTED SHARES FOR EARNED ON THE EMPLOYMENT AGREEMENT 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.

Now we have total 261,934,053 restricted shares, therefore, the correct shares structures as of Apr 06, 2017 is

Authorized Shares 2,400,000,000 a/o Apr 06, 2017
Outstanding Shares 609,749,201 a/o Apr 06, 2017
Retricted shares 261,943,053 a/o Apr 06, 2017
Float 347,806,148 a/o Apr 06, 2017


Now we need to figures out a number of shares they diluted into the float from as of February 17, 2017, to as of Apr 06 2017

As of February 17, 2017, 196,060,743 shares of common stock,
Float 347,806,148 a/o Apr 06,2017
total amount shares dumping into the float 151,745,405

From Feb 17 to Apr 06 we have total 35 trading day the average volume 30 days is 89,968,594 total shares dumping into the float
151,745,405 divide to 35 days the average dumping per day is 4,335,583 that is not really bad at all.

NOTE: This is a very positive issue that most are worries and not aware of the entire situation is the deficit of $5,732,298. This amount is accumulated deficit since they take over the company On April 5, 2016, $5,732,298 accumulated deficit.

In connection with the acquisition of Viva Entertainment. The resignation of our former officers and directors, the Company received forgiveness of stock payable of $3,390,000 and amounts due to former CEO of $132,854.

That mean the entire loss is much lower than we thought and this amount is BENEFITS the company tax write off deduction and can carry over for next five years.

DURING THE YEAR 2016 MANY SMALL NOTE ISSUES. VERY CONFUSING TO LISTS OUT EVERYTHING. HOWEVER, AT THE END OF THE DAY BREAKING DOWN TO FINAL AMOUNT.

The Company valued the conversion features on its convertible debentures at origination at $1,874,658, of which $871,558 was recognized as a debt discount on the convertible debenture. The balance of $1,003,100 was recorded as derivative issuance expense.

January 31, 2017 PRINCIPAL BALLANCE 832,733
LOAN DISCOUNT 317,374
ACCRUE INTEREST 63,353

January 31, 2017, PRINCIPAL BALLANCE $832,733 that include the amount earning employment agreements $512,400 as of January 31, 2017, the company value the conversion is

Principal balance $832,733
Restricted earning $512,400 (CEO Johnny, Alberto, Sepulveda)
Conversion remain $320,333

Last week we traded 1.5 billion shares at the average .001.
Toxic noteholders get 40% discount so .0006 is actual value

Assume 30% of that is dilution that equal to 450,000,000 shares add into the float.

450,000,000 x .0006 = 270,000

a/o Apr 06, 2017 To date total 30 trading days. The average dilution per day is 4,335,583 shares that added up to 130,067,490

130,067,490 x .0004 = 52,026 plus 270,000 = $322,026

That is your entire remain $320,333
toxic conversion finally comes to an end.

Base on my calculations the share structure is below

Authorized Shares 2,400,000,000 a/o May 17, 2017
Outstanding Shares 1,189,816,691 a/o May 17, 2017
Retricted shares 261,943,053 a/o May 17, 2017
Float 927,873,638 a/o May 17, 2017