Just signed up - fantastic premium service! Never going back to cable or Direct TV!! Was skeptical initially, but decided to try it after reviewing yoube videos from current users. Viva is really trying to get this company off the ground. However, they must implement a 100-1 reverse split to raise the stock price to $.20 and thereby, give it some credibility.
At the current price of .002 - it's the same as a most shell companies, and most investors won't touch it.....and i don't care if the hypsters, pump & dumpers, idiots, novices and BS artists on this board like it or not - a reverse split is the only way to move the stock higher.
Right now, with 921M shares outstanding, they'd have to gross $48M to net $9.2M (20%) and thus earn $.01 in NET profit. This will take years to accomplish. Do the math, and you'll see why 921M shares outsanding is ridiculous in terms of EBITDA.
By comparison, ROKU only has 15M shares oustanding and has a stock price of $23. However, if Roku had 921M outstanding (like OTTV) their stock price would be $1.41 (comparing apples to apples). What kind of IPO is priced at $1.41? It would be a joke.
This is why a 100-1 reverse split is absolutely necessary for OTTV. It would bring the shares down to a more reasonable level....and for a start-up company with a mound of debt and low revenues, it makes sense.
One last thing - STOP talking about Johnny and the absurd rumors of buyouts, partnerships or upcoming contracts! You're doing more harm than good by making up wild stories and turning this board into a circus.
In the unlikely event that Johnny is communicating with any of you - he's in serious violation of SEC law and can go to jail (and that will be the end of this company). I doubt very seriously that he would be stupid enough to tweet or email anything that isn't already public information. He also knows that many of you are exaggerating, hyping and lying about what's really going on. So, stop the nonsense, and start looking at the technicals, fundamentals, the current and upcoming competition, and the company's REAL financial condition. Only then will this board be of any value to others who want to learn about OTTV.
