OTTV DD POST BUYER BEWARE
$OTTV has a deal with their funder's they cant be 30 days late with their filings or there are severe penalties. So you know the 10q has to be filed in the next week at the latest.
OTTV one thing to keep in mind. They have over $1.2 million dollars owed in toxic death sprial notes. The note guys couldnt convert and dump anymore once OTTV filed a NT-10q late filing notice June 14th. Notice thats the date the stock started to run.
Toxic funders can only convert notes when a company is current in their filings. So as soon as OTTV files the late 10q the funders can convert and dump a billion plus shares. Here's the thing to watch June 14th NT 10q
Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
Date : 06/14/2017 @ 5:07PM
Stock : Viva Entertainment Group, Inc. (PL) (OTTV)
Now lets look how OTTV usually files.
OTTV Viva Entertainment Group, Inc.Viva Entertainment Group, Inc.
Last 2 filings OTTV filed 20 or 21 days late...Today makes 22 days since the latest NT10q. Filing could hit tomorrow and then the flood gates of hell will open.
NT 10-Q Jun 14, 2017 Apr 30, 2017 38.7 KB PDF PDF RTF RTF HTML HTML
20 days fter the NT10q was filed they filed the 10q
10-Q Apr 6, 2017 Jan 31, 2017 1.1 MB PDF PDF RTF RTF HTML HTML Excel XLS
NT 10-Q Mar 17, 2017 Jan 31, 2017 38.7 KB PDF PDF RTF RTF HTML HTML
21 days after NT filing they filed the 10k
10-K Feb 21, 2017 Oct 31, 2016 1.8 MB PDF PDF RTF RTF HTML HTML Excel XLS
NT 10-K Jan 31, 2017 Oct 31, 2016 27.4 KB PDF PDF RTF RTF HTML HTML
On April 6, 2016, the Company issued a convertible promissory note for $145,000 to Essex Global Investments. The note bears interest at the rate of 10% per annum and becomes due and payable March 30, 2017. The Company received proceeds of $135,000, net of original issuance discounts of $10,000 which included prepaid interest and legal expenses. The debt discount was recorded as a reduction (contra-liability) of the convertible debenture and amortized over the life of the convertible debenture. The Company has the right to prepay the Note during the first six months following the date of issuance with a premium of up to 135% of all amounts owed, including default interest, depending upon when the prepayment is effectuated. During the three months ended January 31, 2017, the Company converted $45,000 in principal on this note into 19,430,253 shares of common stock, which was in accordance with the terms of the note. There was no gain or loss associated with this conversion.
On May 23, 2016, the Company issued a convertible promissory note in the amount of $50,000 to GreenTree Financial Group, Inc. The note bears interest at a rate of 12% per annum and becomes due and payable six months from the date of issuance. The Company received SEC compliance services in the amount of $50,000 in exchange for the note. All principal and accrued interest on the note is convertible at any time into shares of the Company's common stock at the election of the holder at a conversion price for each share of common stock of 50% of the lowest reported trading price of the Company’s common stock for the lowest of the three prior trading days including the day upon which the conversion notice is received by the Company or its transfer agent. The Company has the right to prepay this note during the first six months following the date of issuance with premium of 120% of all amounts owed, including default interest, depending upon when the prepayment is effectuated. The note may not be redeemed after 180 days. During the three months ended January 31, 2017, the Company converted $10,000 in principal on this note into 6,666,667 shares of common stock, which was in accordance with the terms of the note. There was no gain or loss associated with this conversion.
On May 3, 2016, the Company issued a convertible promissory note in the amount of $78,750 to LG Capital Funding, LLC. The note bears interest at a rate of 10% per annum and becomes due and payable one year from the date of issuance. The Company received capital in the amount of $78,750 in exchange for the note. All principal and accrued interest on the note is convertible at any time into shares of the Company's common stock at the election of the holder at a conversion price for each share of common stock at 50% of the lowest reported trading price of the Company’s common stock for the twenty prior trading days including the day upon which the conversion notice is received by the Company or its transfer agent. The Company has the right to prepay the note during the first six months following the date of issuance with a premium between 125-150% of the amount owed, including default interest, depending upon when the prepayment is effectuated. The note may not be redeemed after 180 days. During the three months ended January 31, 2017, the Company converted $38,700 in principal on this note into 30,469,138 shares of common stock, which was in accordance with the terms of the note. There was no gain or loss associated with this conversion.
On May 3, 2016, the Company issued a convertible promissory note in the amount of $78,750 to Cerberus Finance Group Ltd. The note bears interest at a rate of 10% per annum and becomes due and payable six months from the date of issuance. The Company received capital in the amount of $78,750 in exchange for the note. All principal and accrued interest on the note is convertible at any time into shares of the Company's common stock at the election of the holder at a conversion price for each share of common stock at 50% of the lowest reported trading price of the Company’s common stock for the twenty prior trading days including the day upon which the conversion notice is received by the Company or its transfer agent. The Company has the right to prepay the note during the first six months following the date of issuance with a premium between 125-150% of the amount owed, including default interest, depending upon when the prepayment is effectuated. The note may not be redeemed after 180 days. During the three months ended January 31, 2017, the Company converted $18,900 in principal on this note into 13,882,395 shares of common stock, which was in accordance with the terms of the note. There was no gain or loss associated with this conversion.
On June 3, 2016, the Company issued a convertible promissory note in the amount of $78,750 to LG Capital Funding, LLC. The note bears interest at a rate of 10% per annum and becomes due and payable six months from the date of issuance. The Company received capital in the amount of $78,750 in exchange for the note. All principal and accrued interest on the note is convertible at any time into shares of the Company's common stock at the election of the holder at a conversion price for each share of common stock at 50% of the lowest reported trading price of the Company’s common stock for the twenty prior trading days including the day upon which the conversion notice is received by the Company or its transfer agent. The Company does not have the right to prepay the note.
On June 8, 2016, the Company issued a convertible promissory note in the amount of $78,750 to Cerberus Finance Group Ltd. The note bears interest at a rate of 10% per annum and becomes due and payable one year from the date of issuance. The Company received capital in the amount of $78,750 in exchange for the note. All principal and accrued interest on the note is convertible at any time into shares of the Company's common stock at the election of the holder at a conversion price for each share of common stock at 50% of the lowest reported trading price of the Company’s common stock for the twenty prior trading days including the day upon which the conversion notice is received by the Company or its transfer agent. The Company does not have the right to prepay the note.
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On July 1, 2016, the Company entered into a Loan Agreement with Greentree Financial Group, Inc., and issued a 12% Convertible Promissory Note pursuant thereto. The note was in a principal amount of $50,000, and is convertible a price equal to fifty percent (50%) of the Volume Weighted Average Price (“VWAP”) for the five-day period prior to the conversion date. The note further states that no amount of the note may be converted in an amount that would result in the beneficial ownership of greater than 4.99% of the common stock immediately after giving effect to the conversion, with the exception that the limitation may be increased to 9.99% with 61 days prior notice.
On July 1, 2016, the Company entered into a Loan Agreement with Collision Capital, LLC, and issued a 12% Convertible Promissory Note pursuant thereto. The note was in a principal amount of $110,000, and is convertible a price equal to fifty percent (50%) of the Volume Weighted Average Price (“VWAP”) for the five-day period prior to the conversion date. The note further states that no amount of the note may be converted in an amount that would result in the beneficial ownership of greater than 4.99% of the common stock immediately after giving effect to the conversion, with the exception that the limitation may be increased to 9.99% with 61 days prior notice. During the three months ended January 31, 2017, the Company converted $8,100 in principal on this note into 6,000,000 shares of common stock, which was in accordance with the terms of the note. There was no gain or loss associated with this conversion.
On July 19, 2016, the Company issued a convertible promissory note in the amount of $37,100 to Essex Global Investment Corp. The note bears interest at a rate of 10% per annum and becomes due and payable one year from the date of issuance. The Company received capital in the amount of $35,000, net of an original issuance discount of $2,100 which included prepaid interest and legal expenses. The debt discount was recorded as a reduction (contra-liability) of the convertible debenture and amortized over the life of the convertible debenture. All principal and accrued interest on the note is convertible at any time into shares of the Company's common stock at the election of the holder at a conversion price for each share of common stock at 60% of the lowest reported trading price of the Company’s common stock for the twenty prior trading days including the day upon which the conversion notice is received by the Company or its transfer agent. The Company has the right to prepay the above note during the first six months following the date of issuance with premium between 115-120% of all amounts owed, including default interest, depending upon when the prepayment is effectuated. The note may not be redeemed after 180 days. During the three months ended January 31, 2017, the Company converted $23,000 in principal on this note into 19,999,999 shares of common stock.
On August 1, 2016, the Company issued a convertible promissory note to Robert Rico in the aggregate principal face amount of $25,000, pursuant to a consulting agreement dated August 1 st , 2016 for services rendered . The note can be converted into common shares of the Company’s common stock at the request of the holder after six months at a discount of 40% off the lowest preceding 20-day trading price at the time of conversion.
On August 1, 2016, the Company issued a convertible promissory note to DBL Group, Inc. in the aggregate principal face amount of $25,000, pursuant to a consulting agreement dated August 1, 2016 for services rendered . The note can be converted into common shares of the Company’s common stock at the request of the holder after six months at a discount of 40% off the lowest preceding 20-day trading price at the time of conversion.
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On August 2, 2016, the Company issued a convertible promissory note to Crossover Promotions in the aggregate principal face amount of $35,000 , pursuant to a consulting agreement dated August 2, 2016 for services rendered . The note can be converted into common shares of the Company’s common stock at the request of the holder after six months at a discount of 40% off the lowest preceding 20-day trading price at the time of conversion. In January 2017, Crossover sold this note to GPL Ventures, which resulted in the original note being cancelled and replaced with a new note. The company recorded a gain of $10,590 on this transaction resulting from the change in derivative liability associated with the two notes on the date of the re-issuance.
On August 4, 2016, the Company entered into a Service Agreement with Greentree Financial Group, Inc., and as payment for those services issued a 12% Convertible Promissory note thereto. The note was in a principal amount of $25,000, , and is convertible a price equal to five cents ($.05) per share, or fifty percent (50%) of the Volume Weighted Average Price (“VWAP”) for the ten day period prior to the conversion date, whichever is lower. The note further states that no amount of the note may be converted in an amount that would result in the beneficial ownership of greater than 4.99% of the common stock immediately after giving effect to the conversion, with the exception that the limitation may be increased to 9.99% with 61 days’ prior notice.
On August 4, 2016, the Company entered into a Service Agreement with Collision Capital, LLC, and as payment for those services issued a 12% Convertible Promissory note thereto. The note was in a principal amount of $25,000, and is convertible a price equal to five cents ($.05) per share, or fifty percent (50%) of the Volume Weighted Average Price (“VWAP”) for the ten day period prior to the conversion date, whichever is lower. The note further states that no amount of the note may be converted in an amount that would result in the beneficial ownership of greater than 4.99% of the common stock immediately after giving effect to the conversion, with the exception that the limitation may be increased to 9.99% with 61 days’ prior notice.
On August 5, 2016, the Company issued a convertible promissory note to Hector Cruz in the aggregate principal face amount of $25,000, pursuant to a consulting agreement dated August 5, 2016 for services rendered. The note can be converted into common shares of the Company’s common stock at the request of the holder after six months at a discount of 40% off the lowest preceding 20-day trading price at the time of conversion.
On August 17, 2016, the Company issued a convertible promissory note to Mercedes Benites in the aggregate principal face amount of $13,000, pursuant to a consulting agreement dated August 17, 2016 for services rendered . The note can be converted into common shares of the Company’s common stock at the request of the holder after six months at a discount of 40% off the lowest preceding 20-day trading price at the time of conversion.
On September 7, 2016, the Company issued a convertible promissory note in the amount of $45,000 to Crown Bridge Partners, LLC. The note bears interest at a rate of 8% per annum and becomes due and payable one year from the date of issuance. The Company received capital in the amount of $40,500, net of an original issuance discount of $4,500 which included prepaid interest and legal expenses. The debt discount was recorded as a reduction (contra-liability) of the convertible debenture and amortized over the life of the convertible debenture. All principal and accrued interest on the note is convertible at any time into shares of the Company's common stock at the election of the holder at a conversion price for each share of common stock at 50% of the lowest reported trading price of the Company’s common stock for the twenty prior trading days including the day upon which the conversion notice is received by the Company or its transfer agent. The Company has the right to prepay the above seven notes during the first six months following the date of issuance with a premium between 135-150% of all amounts owed, including default interest, depending upon when the prepayment is effectuated. The note may not be redeemed after 180 days.
On September 12, 2016, the Company issued a convertible promissory note to Greentree Financial Group, Inc. in the aggregate principal face amount of $50,000, which is due and payable together with interest at the rate of 12% per annum in September of 2017. The principal and interest may be converted into shares of common stock equal to 50% of the average of the lowest 3 closing bid prices for the ten prior trading days. Consulting services were rendered subsequent to period end in exchange for the note pursuant to an agreement in September of 2016.
On January 3, 2017, the Company issued a convertible promissory note in the amount of $28,000 to Power Up Lending. The note bears interest at a rate of 8% per annum and becomes due and payable one year from the date of issuance. The Company received capital in the amount of $25,000, net of an original issuance discount of $3,000 which included in prepaid interest. The debt discount of $28,000 was recorded as a reduction (contra-liability) of the convertible debenture and will be amortized over the life of the convertible debenture. All principal and accrued interest on the note is convertible at any time into shares of the Company's common stock at the election of the holder at a conversion price for each share of common stock at 50% of the lowest reported trading price of the Company’s common stock for the twenty prior trading days including the day upon which the conversion notice is received by the Company or its transfer agent. The Company has the right to prepay the above seven notes during the first six months following the date of issuance with a premium between 135-150% of all amounts owed, including default interest, depending upon when the prepayment is effectuated. The note may not be redeemed after 180 days.
On January 25, 2017, GPL Ventures acquired a $35,000 convertible note previously issued to Cross Over Promotions. The Company reissued the note in the name of GPL Ventures with similar terms. As a result, the Company recorded the retirement of the old note and the reissuance of a new note, with associated changes to derivative liability and debt discount as of January 25, 2017.
