Viva Entertainment Group Inc (OTTV)

[Dickybad]

MAKE NO MISTAKE NOT TOXIC FINANCING
This is NOT toxic DEBT people. It is a line of credit and a damn good one, especially for OTC.
Ignition Founder Testimonials.

for all that haven’t watched this short video, give it a look, it’s worth it.
Just look at the companies they have invested in at early stages and where those companies are now:
https://www.ignitionpartners.com/companies/

How did viva convince ignition to give them more money, at more favorable terms (for viva) than the prior financiers got?
That circumstance cannot exist if they think it's going down, or staying level.
The document only locks in ignition as buyers. You are the one making the incorrect assumption they are automatic turn around sellers.

This type of agreement (accepting terms way worse than prior financers) tells me they are going long for big gains.
Pursuant to the Agreement, Ignition has agreed to provide the Company with up to $5,000,000 of funding through the purchase of shares of the Company's common stock. During the term of the Agreement, the Company may deliver a Put Notice to Ignition, which will specify the number of shares which the Company will sell to Ignition. The minimum amount the Company can draw down at any one time is $25,000 , and the maximum amount the Company can draw down at any one time is $250,000 , as determined by the formula contained in the Agreement.

A closing will occur on the date which is no earlier than five trading days following and no later than seven trading days following the applicable Put Notice. On each Closing Date, the Company will sell, and Ignition will purchase, the shares of the Company's common stock specified in the Put Notice.

The amount to be paid by Ignition on a particular Closing Date will be determined by multiplying the Purchase Price by the number of shares specified in the Put Notice. The Purchase Price will be 75% of the lowest trading price of the Company's common stock during the Pricing Period applicable to the Put Notice.
https://ih.advfn.com/p.php?pid=nmona&article=76261222