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Replies to post #61997 on Viva Entertainment Group Inc (OTTV)
08/10/17 10:18 PM
If you have a Viva Box you can download Skype connect a camera and do video conference.
— Vivalive TV Official (@vivaentgroup) August 8, 2017
Fyi reach 250 subs mark. Triad wireless prepared to launch Viva campaign shortly upon our approval
— Vivalive TV Official (@vivaentgroup) August 7, 2017
Will grow fast once we fully launch. Setting up a United Nations program to reach millions.
— Vivalive TV Official (@vivaentgroup) August 7, 2017
Notes satisfied structure the same customers satisfied movies coming no RS looking to retire shares. JF
— Vivalive TV Official (@vivaentgroup) August 7, 2017
08/11/17 2:00 AM
For the entire management team to make money they must move the stock above .0894 cents per shares.
This is the KEY to why I pick the stock and invested so much money in OTTV.
As you read the 10-Q. Please: make sure you notice these keys words...
Accrued, Subsequent, Rendered. Yes, I try to make as clear as possible and the very best I can layout.
SERVICE PREVIOUSLY RENDERED. FOR THE PREVIOUSLY WORK THE WAGES THAT
"""""COMPANY OWES THEM MONEY"""" """""I OWE You""""""Money!!
LET SEE HOW MUCH """""COMPANY OWES THEM MONEY"""" """"
Accrued Salary and Wages $148,242 This amount is for April 5, 2016, to Dec 2016. This amount accrued salary carry over to 2017
Page 2 under Item 1. Financial Statements.
If you roll down a little you will see Accrued Salary and Wages.
Accrued Salary and Wages $329,840 this amount total for first, second quarter of 2017 and part of 2016
ACCRUED SALARY $329,840
Now let view the Accrued Salary and Wages $329,840 the company owes to whom?
Quote:
"The detail composition of $329,840 in accrued wages with related parties as of April 30, 2017 is as follows: Johnny Falcones $114,265, Alberto Gomez $123,288 and John Sepulveda $92,288.
Johnny Falcones, Founder Chairman and CEO Viva Entertainment Group
John J Sepulveda Latin America President, Viva Entertainment Group
Anthony Hernandez, Director, Viva Entertainment Group
What is 'Accrue'
Accrue is a term used to describe the ability for something to accumulate over time, and is most commonly used when referring to the interest, income or expenses of an individual or business.
Let look at two similar quote statement on the 10-Q
"Subsequent to April 30, 2017, the Company issued a total of 2,120,000,000 shares of restricted common stock to several individuals on the conversion of notes payable and associated accrued interest
Noticed another statement on the 10-Q is said the same thing but is also included $127,500 which is totally confusing make you think the entire 2.1 billion for only $127,500
Please: they DO NOT give away 2.1 million shares for a small chump change 127k
Quote:
Subsequent to April 30, 2017, the Company issued a total of 2,120,000,000 shares of restricted common stock to several individuals for cash proceeds of $127,500.
TO GET A CLEAR PIC WE MUST LOOK AT EVERYTHING...
NOTE 6 - COMMON STOCK
During the three months ended April 30, 2017 the Company had the following common stock transactions:
Quote:
98,050,000 shares issued to various individuals for services previously rendered valued at a total of $9,213,195 using the share value on the date of agreement
So they accept...98,050,000 shares FOR $9,213,195 and is Clearly said "issued to various individuals for services previously rendered valued.
How do you going to explain that?
If you divide $9,213,195 for 98,050,000 then you get .0936 per shares.
However, since they said for services previously rendered that indicated the amount SERVICE PREVIOUSLY RENDERED ACCRUE """""COMPANY OWES THEM MONEY"""" """" ACCRUED SALARY $329,840
We already know the future wages is $8,768,449 so the
Total $9,213,195 MINUS WAGES $8,768,449 = $444,746
$444,746 minus $127,000 CASH give you the final amount is $317,746
As we know the COMPANY OWES THEM MONEY"""" """" $329,840. Is is make sense since they receive 127k the cash, therefore, the ACCRUED WAGES INTEREST MUST BE ADJUSTED TO THE FINAL AMOUNT IS $317,746
Now you have a clear pic 98,050,000 shares FOR $9,213,195 out of that is part of the amount company owes them money and the remaining future pay $8,768,449 is for 98,050,000 shares = .0894 cents per shares. IMHO.
POWERBATTLES.
09/20/17 12:34 AM
