Imagination TV Inc. (IMTV)

[meadow2009]

Reverse Split

For those who never noticed, the convertible preferred is not subject to adjustment for any reverse split per the latest Form 10Q.

Basically, after three reverse splits, he now decided to have a fourth amd not be affected by same.

Based on the old auditors lack of auditing, inconsistencies in the amount of shares issued per an old and never fled employment agreement, footnotes and financials that were at best, misleading, no one will ever know if Mr. Samblis' issued shares were in accordance with his contract.

Of course, he tendered the worthless common shares he owned for now 2,400,000,000 shares of new common stock, upon conversion.
Assuming the new common stays at three cents after the reverse, he just had a seven figure pay day.

I wonder how much debt still has to be converted?

Oh well, meadow2009 does bot recommend you buy or sell any stock. Do your own due diligence and have a nice weekend.

Cheerio