Common Stock

9 Months Ended

Jul. 31, 2019

NOTE 6 COMMON STOCK

During the year ended October 31, 2018, the Company had the following common stock transactions:

	●	In October 2018, the Company effected a 1:500 reverse split of the common stock, which resulted in the cancellation of 7,255,764,887 shares of common stock and the issuance of 644 shares due to rounding differences.

	●	The Company issued a total of 3,698,939 shares of common stock (post split) on the conversion of $654,073 of debt and associated interest. In addition, the company recorded $143,197 in loss on conversion of debt associated with these transactions, attributable to the difference between the fair value of the shares issued and the amount of debt converted compared to recorded derivative liability.

	●	The Company issued 3,310,667 shares of common stock (post split) having a value at issuance of $4,246,510 for services, which included $1,270,950 recorded as stock issuable in the prior year, resulting in a net expense of $2,975,593 for the year ended October 31, 2018. For valuation purposes, the Company used the closing bid price of the Company's common stock on the date of each service grant.

Each of these issuances was made pursuant to an exemption from registration under Rule 144 of the Securities Act of 1933.

During the three months ended January 31, 2019, the Company had the following common stock transactions:

●

9,157,516 shares of common stock were issued on the conversion of $162,222 of notes payable and associated interest. In addition, the company recorded $101,164 in loss on conversion of debt associated with these transactions, attributable to the difference between the fair value of the shares issued and the amount of debt converted compared to recorded derivative liability.

●

2,300,000 shares of common stock were issued for services previously rendered by consultants with a value of $426,599.For valuation purposes, the Company used the closing bid price of the Company's common stock on the date of each service grant.

Each of these issuances was made pursuant to an exemption from registration under Rule 144 of the Securities Act of 1933 except for 800,000 shares issued for consulting services, which were issued pursuant to an S-8 registration.

During the three months ended April 30, 2019, the Company had the following common stock transactions:

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18,136,668 restricted shares were issued on the conversion of $135,647 in debt principal and associated interest. In addition, the company recorded $85,565 in loss on conversion of debt associated with these transactions, attributable to the difference between the fair value of the shares issued and the amount of debt converted compared to recorded derivative liability.

Each of these issuances was made pursuant to an exemption from registration under Rule 144 of the Securities Act of 1933.

During the three months ended July 31, 2019, the Company had the following common stock transactions:

●

29,470,563 restricted shares were issued on the conversion of $246,641 in debt principal and associated interest. In addition, the company recorded $177,241 in loss on conversion of debt associated with these transactions, attributable to the difference between the fair value of the shares issued and the amount of debt converted compared to recorded derivative liability.

Each of these issuances was made pursuant to an exemption from registration under Rule 144 of the Securities Act of 1933.

Viva Entertainment Group Inc. 10-Q