Replies to post #32836 on Viva Entertainment Group Inc (OTTV)

[sammcd]

apparently they are doing something right. we are 6 months past that and looks like they are doing well. with lots on the horizon.

[shotsky]

Every OTC quarterly report has that catch phrase. Don't take things too seriously until you investigate a few more and discover what 'normal' is.
This company makes $60 Mil per year on OTC and this is in the 10Q:
Liquidity and Capital Resources
 
We believe that our available cash balance as of the date of this filing will not be sufficient to fund our anticipated level of operations for at least the next 12 months. The Independent Registered Public Accounting Firm’s Report issued in connection with our audited financial statements for the year ended December 31, 2016 stated that there is “substantial doubt about the Company’s ability to continue as a going concern”. Management believes that our ability to continue our operations depends on our ability to sustain and grow revenue and results of operations as well as our ability to access capital markets when necessary to accomplish our strategic objectives. Management believes that we will continue to incur losses for the immediate future. For the quarter ended March 31, 2017, we generated gross profits from operations, but we incurred negative cash flow from operations. We expect to finance our cash needs from the results of operations and, depending on results of operations, we may need additional equity or debt financing until we can achieve profitability and positive cash flows from operating activities, if ever. 

What that all actually means is that they will have to borrow more money to keep the doors open, and that loan may, eventually, convert to shares.