Imagination TV Inc. (IMTV)

[meadow2009]

Doc Diggler, you don't understand it. The preferred shares are convertible into common. They might not be salable but the underlying common is, Thus, whenever Scamblis wants some common, he presents some preferred to the Company and says he wants common, done.

Thus for $2400 in compensation expense, he increased his ownership disproportionately and, looks like a good guy by contributing his 10 million shares back to the Company,

Way to go the king of sleeze, way to go corporate attorney who filed the transaction, (he should be sued for not advising his client what he was doing was improper and in some states illegal), way to go SEC for not questioning the transaction.

Yet, the lemmings keep on following this CEO and .0009 and a dream.