How exactly are they going to gain market share? Please explain, I'm all ears. Seriously, please explain your position using empirical data.
VIVA is $26 million in the hole, $5 million operating deficit, no cash on hand, no technology, no competitive advantage, and at risk of losing rights through Omniverse. Please explain to me how a company that generates $3,666 a month in revenue is going to out grow the likes of Apple, AT&T, Disney, Sling (Dish Network), Youtube (Google), Hulu (Disney/Comcast/NBC/AT&T), Playstation (Sony), Fubo (AMC Networks/21st Century Fox/Discovery/Several VCs) and DirectTV (AT&T). Your local hairdresser generates more revenue then VIVA.
Where is the money for growth going to come from? Where are the rights for these channels going to come from? Where is the money for marketing going to come from? VIVA has literally zero cash, no revenue and a mountain of debt! Who on God's green earth would lend them money with their current financials and the current lawsuit they have with a previous financier?
As for the "deals":
Tingo- Go to their website and try to buy a service. You can't...the site literal doesn't operate and they don't actually sell anything. It's just a pop-up site with no functionality. (Btw...the irony is hilarious that JF would defraud investors based on a Nigerian scam. Absolutely a JF classic. Hilarious!!!)
Bidwin- "Internet Giant"...that says it all. Who the hell is Bidwin? Again, a classic JF presser.
Comcast- This one takes the cake. Even if VIVA purchases their IPTV services (Btw...with what money?) that means nothing. Anyone...I repeat anyone can buy this service. That's not a "deal"...Comcast would just be a service provider the same as they are for any customer who buys cable and internet through them. There's no financial backing, there's no partnership, there's no nothing. Just another way to pump the stock using vague nonsense and tweets.
From the 10-K, VIVA's..."Plan of Operation": "As of October 31, 2018 we had a working capital deficiency of $5,159,012, had small revenues from content subscriptions in amount of $44,001, and have an accumulated deficit of $27,966,725.
Our auditors have issued a going concern opinion. This means that our auditors believe there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills. This is because we have not generated any material revenues or profits."
Yeah...really poised for growth and stealing market share from multinational conglomerates. It's all a joke. If you want to risk a momentum play...all the power to you. But if you're considering a long based on IHUB and Twitter posts...my condolences. It's all a bunch of nonsense...and the clown car rolls along. Eventually...it will run out of gas.
You've been warned!!!
