Viva Entertainment Group Inc (OTTV)

[powerbattles]

******(((LET CLEAR OUT THE CONFUSION******)))...!!!!!

"Falcones issued 2.12 billion shares of stock at a cost basis of .00006 a share"

TOXIC Note conversion rate=$0.0000601

NOTE 8 – SUBSEQUENT EVENTS

Subsequent to April 30, 2017, the Company issued a total of 2,120,000,000 shares of restricted common stock to several individuals for cash proceeds of $127,500.

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First of all, this is not a TOXIC NOTE CONVERSION. It's the WAGES the company signed with individuals under a contract of employment to accept the restricted shares plus CASH OF $127,500. This is a very smart move by the company. This allows and showing in their book the expenses ACCRUED WAGES that benefits the company and the share holders.

KEEP IN MIND THIS IS PART OF THE CASH DEAL AND FUTURE SHARES THAT THEY ACCEPTED AS CASH PAYMENT FOR $127,500 AND ALSO 98,050,000 SHARES VALUED AT A TOTAL $9,213,195 that is .0936 per share.

The benefits of $8,768,449 are retaining earning that can immediately carry over for write-off in taxes. Next is to avoid the cash flow working capital decreases when the company not yet in the stage of generating income. They're also trying to avoid issue notes converting to cash to pay employees. The best part of this is they're issuing much fewer shares because it's-considers the future share value at .0936. This is a very smart NEGOTIATION. They saved a lot of shares since they do not have to pay them now.

Finally, the restricted shares are locked up for one year. This also created loyalty and the management team has to work their rears off to obtain it. Let not forget they want it above .0936 cents.

In addition, after one year, since the company already established the business they will have stronger cash flow. Therefore, they would be in a good position with the option to buy back the shares and retired them for good.

Next, Who is the part of the share restricted deal?

Johnny Falcones, Founder Chairman and CEO Viva Entertainment Group

John J Sepulveda Latin America President, Viva Entertainment Group

Alberto Gomez Director, Viva Entertainment Group

The sentence in the paragraph above with 2 billion restricted shares for cash proceeds of $127,500 is just a summed-up for you to understand. You must pay close to all the key words and a lot of details explaining through out the 10-Q
There is another sentence said exactly the same thing but not including cash proceeds of $127,500

Subsequent Events

Subsequent to April 30, 2017, the Company issued a total of 2,120,000,000 shares of restricted common stock to several individuals on the conversion of notes payable and associated accrued interest.

The 10-Q clearly states those shares were issued for services previously rendered not services to be rendered

98,050,000 shares issued to various individuals for services previously rendered valued at a total of $9,213,195 using the share value on the date of agreement

Subsequent to April 30, 2017, the Company issued a total of 2,120,000,000 shares of restricted common stock to several individuals on the conversion of notes payable and associated accrued interest

That explains the services work they perform since the merge occurs. I find this very interesting and super rare in OCT land to see the MANAGEMENT TEAM virtual willing to work for FUTURE PAID.

MAKE NO MISTAKE: LET VIEW HOW MUCH THEY EARNED FROM DAY ONE.

From 10-k
Subsequent Events

Subsequent to October 31, 2016, we issued a total of 65,894,047 shares of our restricted common stock to several individuals for services rendered and on the conversion of notes payable.

The detail composition of the $148,242 in accrued wages with related parties as of October 31, 2016 is as follows: Johnny Falcones $50,681, Alberto Gomez $63,781 and John Sepulveda $33,780. This accrual covered services rendered by the employees for the period from April, 2016 through October 31, 2016. less payments made to such employees during the period.
FROM THE CURRENT 10-Q
NOTE 3 – RELATED PARTY TRANSACTIONS

The detail composition of $329,840 in accrued wages with related parties as of April 30, 2017 is as follows: Johnny Falcones $114,265, Alberto Gomez $123,288 and John Sepulveda $92,288. This accrual covered services rendered by the employees for the period from April, 2016 through April 30, 2017 less payments made to such employees during the period.

ON THE QUOTE ABOVE! TAKE A GOOD LOOK AT THE DIFFERENT AMOUNT OF THE MONEY INCREASING ACCRUED WAGES FROM OCT 31,2016 TO APRIL 30, 2017

MAKE NO MISTAKE: BECAUSE ACCRUED WAGES GET HIGHER, That is why the restricted shares increased as well.

Over 28 years in the game. I rarely see a case like this. The commitment of the entire management team is beyond my expectations.

THINK ABOUT IT! ARE YOU WILLING TO WORK TO EARN AN I OWED YOU? FOLKS! THEY GIVE IT ALL OUT. THEY ARE WILLING TO BET...IF THE BUSINESS FAILS WITHIN A YEAR THEY GET NOTHING.

WOW!!! IF ALL THAT IS NOT ENOUGH THEY EVEN LOAN CASH TO THE COMPANY.

In addition, John Sepulveda funded $10,000 to the Company for working capital during the year ended October 31, 2016 which remains outstanding together with advances of $27,060 from the spouse of the company’s Chief Executive as of April 30, 2017.

Below is the list of the issue restricted shares that were issued during the month of Oct 31 2016 to April 30, 2017. I am only listing what is occurred on the last 10-Q. Since You know the stories and my point of view. It not necessary for me to go back to the beginning to dig out all the numbers of restricted shares issues listed on the previous files.

Keep in mind that OTTC is registered with the SEC they can't Unregistered Sales of Equity Securities.

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.

"In connection with the closing, Alexander Stanbury, our former President and Chief Executive Officer, transferred to Johnny Falcones 26,629,371 shares of restricted common stock of the Company from the shares of common stock owned by Mr. Stanbury in exchange for payment of $93,625

Subsequent to October 31, 2016, we issued a total of 65,894,047 shares of our restricted common stock to several individuals for services rendered and on the conversion of notes payable

Below issues shares are retricted as well.

"Common stock issuable consists of the value of shares payable under employment contracts with officers of the Company. During the six months ended April 30, 2017, the Company issued 58,000,000 shares to Johnny Falcones under his employment contract,

"Pursuant to the stock purchase agreement, the Company and EMS agreed to transfer control of Viva Entertainment to the Company through the purchase of all outstanding shares of stock of Viva Entertainment by the Company in exchange for the issuance to EMS of a 10% promissory note in the principal amount of $100,000, due six months from the Closing (the “EMS Note”), and the issuance of 22,000,000 shares of common stock to Johnny Falcones.
98,050,000 shares issued to various individuals for services previously rendered valued at a total of $9,213,195 using the share value on the date of agreement

Info above is not to be a guideline as a solicitation to buy/sell securities
NOT AN INVESTMENT ADVICE

POWERBATTLES

FOR MORE DD I POSTED HERE IN MAY CLICK ON LINK BELLOW

GREAT NEW DISCOVERY STOCK...OTTV VIVA ENTERTAINMENT GROUP...

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I think these posts below from Sterling and Lolapike MUST be read by all.

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