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We went through this last night as well I do not want in. Only to uncover this scam for what it truly is.
The scam is that they are being dishonest in so many ways with shareholders on what they own as intellectual property and what their share structure is. When the company misrepresents both and and continues to print shares and release them into the open market, that is a scam regardless of whether they have people using their service or not.
You haven't gapped anything. A gap is a trade execution above the previous days trading range. No trades happen until 930 in the OTC. Bid ask means nothing right now. Stop pumping so you can dump your shares at the opening bell.
There is no premarket activity in the OTC, only thing that matters is what it looks like at 9:30 EST. this may gap up a little but we saw how well that worked yesterday. If MM's are short shares they will bring it down. Trips holders are profit taking while they still can, convertible toxic debt is in full effect to the tune of over $3million (at least), company is actively dumping, momo and volume will start drying up here very soon, all continuing a panic dump cycle. This pop will be a tiny spike on the chart in no time until they run another p and d, share printing scam.
Buckle up, gonna crash and burn like a dump truck hitting a nitroglycerin plant today. More red on its way. Tough it out and hope the company lets you in on its secret share structure and additional toxic lending, or get out while you can and rebuy if they start becoming more transparent. We see 3's today, maybe even 2's.
Or massive dilution and toxic debt could be the culprit.
Total scam here buyer beware. Company is misrepresenting what they own and what they are renting. White label product with twitter pumping and a couple paid PR's and the have stolen millions from shareholders already with the help of a gagged TA and iHub pumpers. More red today coming. Can we see two "Fibonacci retraces" back to back, probably!
Howard Stern gets paid $100+million a yeah. He won't be pumping this garbage. Even with the unlimited share printing machine they have working overtime they couldn't make enough shares for him to endorse this POS.
The company and insiders with convertibles are dumping as well. Don't forget them!
How can you value anything with so many unknowns? You certainly cannot sticky a ridiculous valuation and have everyone praise how great it is right?
Everyone here is talking about Netflix buying their app. They don't own it. It is not theirs to sell.
Please get it writing from the company what AS then. This was upped a while back.
Seems like a lot of confusion on the share structure. No way to know what you own here... try to call the company and ask for it in writing... call the TA and ask for it... call tikilive maybe they know! Oh that's right they don't want you to know. That's how they steal shareholder funds, which is their best and only revenue stream.
If I own a web hosting company and buy a hostgator reseller account and try to value my company, should I include the value of hostgators servers? Of course not I don't own them, just viva doesn't own their IP.
I'm just answering questions that were posed. I have answers, but it seems like those with blinders on do not want to see them. More red coming this week.
Nope, not the reason. I am in plenty of other tickers and positive, but this is so stinky I can't help myself but to expose it. There are some really good people invested in this, even some I know personally were in it until today. I hate seeing these scams.
There is no mention of a joint venture anywhere! There is the word partner. I could be a partner right now with a $49 investment and a short sign up page here http://www.tikilive.com (scroll down to bottom).
I then start a twitter account for free and pay $199 for some press releases, gag my TA, start printing shares and dump them on bagholders. What part of this is everyone not understanding?
Yes zero value. Let's break it down here real simple. If i rent a car that is worth a lot of money and then taxi drive with it and make a few dollars during that time and someone wants to buy my taxi business, how much value does my rental car add to the transaction? ZERO....
Partnering means buying their app and service and selling it to you as a reseller under the guise that they own the Intellectual property which they don't.
Oh yeah and not only did they not develop it, they don't own it either. They are also at the mercy of their "partner" tikilive. They live and die by a company with whom they rent service from. Better start researching tikilive maybe they will go public.
How about the fact that the app you love wasn't developed by OTTV and therefore there is zero IP value in their product or stock?
You are watching it on tikilive app with an OTTV logo on it.
Tikilive is a real company. Viva is simply a reseller of their service at a markup. I could have the exact same branded service up and running within a few hours. Does the software work, yes. Is the company misrepresenting themselves? Absolutely. P and d behavior.
They even advertise them as a "partner" on their homepage.
Here is a screenshot.
http://ibb.co/jfgr2v
http://ibb.co/kgdFUa
Even better you can see they may be paying $49 a month for the number of current users...
I wouldn't touch this with your money. The scam is up. Anytime I see outrageous valuations being stickied as DD, I know for sure we have a scam. We see trades in the 2's tomorrow and if someone stickied the post about tikilive we might see trips. This company has grossly misrepresented what they offer.
Tikilive.com may be able to sell out, but OTTV is simply a rebranding of their app. See for yourself. This is a total scam
Ok I know you all hate me already for exposing this scam, but let's truly blow the roof off now. Does this company even own their software? It appears not. This is simply a rebranded tikilive.com subscription.
VIVA/OTTV is paying $295 a month for the app. I can start the exact same service for the same amount. This is not a multi billion dollar company as most desperate longs are suggesting. It is simply a white label version of an app already available.
All of this talk of a buyout is just nonsense. Why would anybody buy this for hundreds of millions from viva when they can just buy from tikilive for pennies per user?
Let's do the math here boys and girls, white label branding, twitter pumping, huge PPS pop and dump, gagged TA, endless stream of shares for sale = major red signs for P and D.
Again I do not own shares and I do not want them, but I do want people to have both sides of the information. This company has scammed before with bagholders galore and it is happening again right before our eyes.
This time it was simple to uncover the scam. Whether you listen or not is up to you.
Check my post history I have said this all along.
It has free channels which are what most of the downloads were for. That's why they didn't convert to paid subscribers.
Assuaging isn't a quick thing. Patience now more than ever will pay dividends
Link please to current share structure... you cannot prove that they are dumping because they have gagged their TA and are diluting like crazy. When a company does this and promotes on social media it is called a pump and dump.
I downloaded it saw terrible channels out of Miami and deleted it. It was a POS.
How much do you predict that this gaps down tomorrow?
Nobody wants crappy free channels, and there are other alternatives out there that cost less and have better content.
Yup the company ripped shareholders off $6 million dollars as they printed shares today.
Still looking, did we close above 8? Looks like this was a correction and will continue tomorrow. Stay away from this stinky pinky p and d.
A 50% dump from HOD isn't a good entry point for you? Wait for the 50% dump again tomorrow and you will own double the amount of worthless paper.
We shall see, this will go up or down, but today it has shed all the green I knew it would.
Only thing that held this up from going into 3's was the people playing the fib bounce. That only works when the printing presses are off and this company has them working over time. If this closes over 8 I will buy a million shares at open tomorrow.
That's what happens when false hopes are met with massive dilution and large trip share holder dumping, a 50% pull back off of daily highs and more dumping and red to follow this week. Yeah volume! Just think how bad it will be when the volume dries up in this scam, it is the only thing it has going for it.