Imagination TV Inc. (IMTV)

[Milesblue42]

KHudson, "Unregistered Penny Stocks Can Spell Big Problems"

KHudson, the Financial Industry Regulatory Authority contradicts your IMTV information below about Unregistered Securities IMO

I just read this news. This is a very cool move on the part of the new CEO. Now new shares can't come into the market for a year.

Also, he can now file Qs and Ks through OTC markets which costs 4k a year total. Audits can cost a hundred thousand a year. So, the best part is all the money he would have to spend on auditors and accountants is now not necessary. They can get this company up to date with out all of the over cost.

Very cool move. I'm looking forward to seeing what operating company they put in this.

IMO could this information about IMTV only filing with the OtcMarkets possibly prove costly to new investors....?


Here is information from the Financial Industry Regulatory Authority about Unregistered Securities
http://www.finra.org/investors/unregistered-penny-stocks-can-spell-big-problems

Unregistered Penny Stocks Can Spell Big Problems

A recent regulatory action by FINRA reveals that even in the risky world of "penny" stocks, some investments are riskier than others. Among the riskiest of these stocks are those that are not registered.

FINRA fined Aegis Capital Corp. $950,000 for improperly selling unregistered penny stocks. Among other violations, FINRA found that from April 2009 to June 2011, the company liquidated nearly 3.9 billion shares of five penny stocks that were not registered with the Securities and Exchange Commission (SEC) and not subject to a registration exemption.

Microcap stocks historically
have been more volatile and
less liquid than the stock of
larger companies.

Registration is Key

Under the Securities Act of 1933, any offer to sell securities must either be registered with the SEC or meet an exemption. Regulation D (or Reg D) contains a number of rules providing exemptions from the registration requirements, allowing some companies to offer and sell their securities without having to register them with the SEC. One of the most valuable aspects of registration is that it requires companies to file period reports with the SEC.

These reports contain a wealth of information about the company, its finances and management. By contrast, companies exempt from regulation need only provide a brief notice that includes the names and addresses of the company's promoters, executive officers and directors, and some details about the offering—but little else. And when it comes to unregistered companies that are not exempt—good luck getting any information. Investors are generally left with a gaping hole in the company details needed to make an informed investment decision.

The MyImaginationTV SEC Filing on June 17th 2016

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11449313

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 15 CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number 000-53278

IMAGINATION TV, INC.
(Exact name of registrant as specified in its charter)






Pursuant to the requirements of the Securities Exchange Act of 1934 Imagination TV, Inc. has duly caused this certification/notice to be signed on its behalf by the undersigned duly authorized person.

Date: June 17, 2016

Is a Company deciding to no longer filed important information with the United States Securities Exchange Commission a BIG RED FLAG for investors?