Viva Entertainment Group Inc (OTTV)

[Dickybad]

NEWS Dec.21,2017 OFFICIAL MOVIES ARE ON VIVALive TV!!

Optimized App Gives VIVA Subscribers Access to FlixFling Video and Music Streaming Services

MIAMI, Dec. 21, 2017 /PRNewswire/ -- VIVA Entertainment Group, Inc. (OTC: OTTV) ("VIVA" or "the Company"), a distributor of Over-The-Top (OTT) IPTV content to consumers in a bundled subscription format, today announced that it has completed the interface redesign as part of the revenue sharing and service agreement with FlixFling, LLC., which will allow subscribers access to the FlixFling catalogue through the VIVA portal starting at 11am today. As previously announced, VIVA signed a five-year agreement with FlixFling which provides for a shares of 20% of sales by VIVA of FlixFling subscriptions and 30% of from video-on-demand downloads sold through VIVA. The agreement also provided for VIVA and FlixFling to work together to promote and market the product and also develop an integrated user experience between the two services.

Johnny Falcones, Chief Executive Officer of VIVA, commented, "We have spent the six months since signing the revenue share agreement with FlixFling working together to develop a seamless and integrated platform so that VIVA customers access to one of the best streaming services out there for the latest movies and music videos on demand. Our goal from the beginning has been to create in VIVA an affordable solution that gives our customers access to the broadest possible range of meaningful content. FlixFling's platform of movies-on-demand combined with music video channels makes VIVA one of the best OTT providers on the market. The redesigned app will allow customers to easily access both VIVA and FlixFling content without having to switch between apps. It is just one more way in which VIVA is setting itself apart from the rest of the OTT community."

Philadelphia-based FlixFling offers over 15,000 movies and television shows across all genres in an OTT format. Their unique service gives customers a choice between video-on-demand and monthly subscription services. They are currently the only streaming service to offer both movies and music to customers at one low price and the only service to offer streaming music video channels.



http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20171221:nPn4qFzPya

$$$$$$$$$$$$$$$$$$$$$$$$$$
$42,000,000 Revenues project for OTTV in recent PR

TWO BEAUTIFUL ADS:

https://madmimi.com/s/fc463b?o=tm

For Times Square pic.twitter.com/PPh9RKrmn8

— Vivalive TV Official (@vivaentgroup) December 12, 2017

Check out these reviews of VIVALive Tv also offered by OTTV is SoleLive TV Sole was just launch a few weeks ago, and VIVAlive was Officially Launched a few weeks ago.
https://play.google.com/store/apps/details?id=com.vivalivetv.app&hl=en
https://play.google.com/store/apps/details?id=com.solelivetv.live&hl=en

MAKE NO MISTAKE NOT TOXIC FINANCING
NONE HAVE BEEN ISSUES OR SOLD AND WITH REVENUES MAY NEVER BE USED.

Its actually a line of equity and a damn good one, especially for OTC. "Line of" term still applies, because we only use it if we need it. That's an important distinction.

But if we use it, we just sell them shares, so not a loan.

For starters it's not 5M worth of discounted shares. You could argue 1.25m of discount, with the rest at face value.

Also, it is an option to sell to them, not a mandate.

And hundred other reasons the entire stance on this being toxic has been proven to be overhype time and time again.

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