Viva Entertainment Group Inc (OTTV)

[shotsky]

Companies convert loans to shares all the time. Some are delinquent for over a year, and still convert. I have seen this with my own eyes. The SEC has nothing to do with companies getting, paying or converting loans. They DO care about splits, or other news that can affect the stock price, but a loan conversion does not fit that category - a material event. Nor does a dilution require a notice to shareholders. In the end, however, what has happened financially will eventually show up in quarterly or annual reports, or 8K's, but not necessarily at the time it happens.
Companies do have to report when they decide to buy up their own shares, as that is a material event that can drive stock price.