Viva Entertainment Group Inc (OTTV)

[Neophius]

This is preposterous.

You build credit through secured debt that you budget for ahead of time.

You don’t go get debt with variable terms or rates. What you’re describing is more akin to payday or title loans, and they CRUSH desperate people.

The “line of credit” you’re falsely describing is the DEFINITION of a toxic loan: heavy discount on shares, floorless variable conversion rates, and immediately conversion options.

Oh, and here’s the kicker: they’re going to convert in smaller tranches so that Ignition is never stuck with too many shares at any one price. That makes it VERY easy to convert the entire 5 million over time while not worrying about losing on any one tranche.

Smart play by them; sucks for investors.