Imagination TV Inc. (IMTV)

[meadow2009]

Samblis Screws Shareholders Again

According to a Form 13 filed with the SEC on December 13, 2013, the 240,000,000 shares of convertible preferred stock can be converted into 2,400,000,000 (TWO BILLION FOUR HUNDRED MILLION SHARES OF COMMON STOCK)

I did not see, nor has Scamblis or his auditors indicated in the financial statements how many shares of common are reserved for the potential conversion of the preferred stock.

Assuming that the ten for one ratio was unchanged, then prior to conversion of the toxic notes, Scamblis has increased his percentage of ownership to over 90% of the Company up from the 36% he owned in December. Neat trick Stevie.

Will the SEC ever catch on to his ways.

Will the new auditors' ever question these transactions.

Slick Stevie can do this because no attorney will bother suing the bastard because there is no money to collect.

Time for everybody to write the SEC, FINRA and any other regulatory body.