Is everyone full from their dinner? You can lead a horse to water but you can't make it drink. This stock and "company" are dead. OTTV generated $8,470 in revenue for the prior quarter...that's $2,823 a month. That's roughly 80 subscriptions!!!! They are losing customers, not growing the base. I never invested in OTTV and warned others. For your sakes, STOP BUYING THIS STOCK! They have no IP, no customer base, no money and a mountain of debt. More from the 10-Q:
As of July 31, 2018, we had cash of $5,363. Current liabilities exceeded current assets by $3,968,900 at July 31, 2018, which included derivative liabilities of $2,156,148, accrued salaries due to officers of $509,638, net convertible debt of $687,043, related party payable of $68,770, accounts payable and accrued expenses of $413,549, and accrued interest of $139,115. Other long-term assets consisted of capitalized software development costs of $49,322, net of accumulated amortization.
We had revenues from subscription in amount of $8,470 and $35,921 during the three and nine months ended July 31, 2018, respectively, and have eight salaried employees including Johnny Falcones, our officer and director. We currently require very limited resources but intend to hire employees and consultants in the latter part of 2018 for the Viva Entertainment operations. In due course, should we require capital for these operations, we will need to raise additional capital. There is no guarantee that we will be able to raise further capital. At present, we have not made any arrangements to raise additional capital but are diligently working on this.
If we need additional capital and cannot raise it we will either have to suspend operations until we do raise the capital or cease operations entirely. Other than as described in this paragraph, we have no other financing plans.
