Imagination TV Inc. (IMTV)

[meadow2009]

Been 38 days

It has been 38 days since the PR announcement about the purported deal to acquire Runway Magazine (published on a quarterly basis)and, another 41 days until the K is going to be filed.

Some thoughts:

1) Will the Runway deal be in the 10-K?

2) If it is not in the 10-K as the deal has not been consummated, what will the auditors' put in the subsequent review footnote about the proposed deal.

3) Is it an all stock deal? If it is all stock, are there enough shares available as of the date of closing to have a counsel indicate that as of the date of cloaing there are xxx number of shares issued and outstanding and the Company has the authority to issue the shares?

4) If it is for cash, will Runway accept post dated checks if the cash to be received is over $4,000?

5) If there is going to be no acquisition as the deal is dead, will Sir Steve indicate either in the 10K or in a separate PR that the deal hss not happened due to the parties not being able to agree on terms?

6) How is the audit coming on the airport contract with respect to IMTV not receiving its share of revenues? Has the audit or lawsuit been completed and the experts did not find any revenues belonging to IMTV? If so, will that be disclosed?

7) How is the new Director doing with his five year prepaid director fee? I did not see any filing indicating he has received any shares.

8) Any more announcements to make before the K?

9) If there is no desl with Runway who pays the expenses incurred and how much were they?

10) Will your lawyer continue to take promissory notes or does he want to get psid?

Remember meadow 2009 does not recommend you buy or sell this or any other stock

Cheerio