Action Type: Correction Document Number: 20170216983-29 # of Pages: 1 File Date: 5/18/2017 Effective Date: Previous Stock Value: Par Value Shares: 2,400,000,000 Value: $ 0.00001 Par Value Shares: 75,000,000 Value: $ 0.0001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 31,500.00 New Stock Value: Par Value Shares: 75,000,000 Value: $ 0.0001 Par Value Shares: 4,900,000,000 Value: $ 0.00001 No Par Value Shares: 0 ----------------------------------------------------------------- Total Authorized Capital: $ 56,500.00
****((((THE ULTIMATE REASON BEHIND THE INCREASING THE A/S...
PENDING MERGE UNDER AGREEMENT...
Last year VIVA Entertainment Group Enters into Joint Venture with Oi2 Media Corp, Country's Largest Provider of Latino Focused Content...
This is a very important missing piece of the puzzle. Only now is come to light because as part of the Agreement, Viva will make capital contributions in the following manner: Viva backend technology and OTT platform, Channel lineup and content initially consisting of Linear channels and VOD, customized Android and Apple IOS apps for OTT, billing and provisioning API, billing and provisioning API, and more.
This was an original plan signed last year between the two company. As to date VIVA finally manages to fulfill the initial term of the agreement.
The increasing a/s is a must for the merge. Therefore, I view this is a very good news. It's indicated they are getting ready to move forward to finalize the MERGER.
THIS IS AN AGREEMENT WAS ANNOUNCE LAST YEAR. According to the term of the agreement.
"The capital contributions from Oi2 TV will include: Sales to new and existing Oi2 listeners, data center and warehousing, marketing and promotions (Radio, TV, Social Media, Billboards), content live TV and VOD, and more. As part of the venture, VIVA will provide to Oi2 TV with a string of live TV channels for a subscription based service that will be marketed via the Oi2 Media App.
THE INCREASING THE A/S ALLOW Oi2 MEDIA OWNING 51% AND VISA OWNING 49%. IF THE MERGE IS FINALIZE. WE INSTANTLY TAP INTO A MONTHLY REACHING 4.5 BILLION PEOPLE. THIS IS BEYOND MY IMAGINATION...