Replies to post #70257 on Viva Entertainment Group Inc (OTTV)

[ChampionOfTheSun]

Here is what is being missed

for starters - we all accept there are an outrageous amount of shares here, right? doesnt matter how they got here but we have them and everyone knows it.

Most of the deficit comes from probably the least offensive sub-component of those shares... about 100M restricted shares were issued to management, and were expensed at at ~$.09 per share. Since this wasnt a debt conversion, it had to hit the P&L, and random accounting rules said put this fake dollar amount as a non-cash expense up on your books.


This created about 9M of that 15M deficit you are worried about. And we already know we have billions of shares, so nothing changes. These shares just happened to play tricks with the income statement and allow us to not pay tax on the first few million of future earnings.

[powerbattles]

There is no logic on how to read a financial statement. It's how you understand that is matter.

You are not the first question on 8 million dollars "WAGE"

(LOGIC) NO ONE GET THAT KIND OF PAYMENT ON OCT PINKY. Therefore, it's how you comprehend that is all matter. To clear out of the uncertainty read my link below
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=133749945