3. Is the company going to do another Rule 504 offering of free trading stock?
No. Imperia does not plan to do another Regulation D Rule 504 offering, and is prohibited from doing so because in the past twelve months it has raised the maximum allowed under Rule 504, and we have no intention of doing another 504 offering.
4. What are the reasons for the reverse split being proposed?
The board of directors believes that the company's stock is seriously undervalued and has proposed a split to reduce the amount of outstanding shares due to the massive dilution that was incurred when the market price was not strong, in order to increase the liquidity of the company's stock, make it more attractive to larger traders and institutional investors, and position it to trade on more attractive markets than the pink sheets. Despite all the positive developments that have been announced, such as the completion of our second feature film, the positive reaction to it at the Cannes Film Market, the closing of our Regulation D, Rule 504 offering and announcement that we would not do another for at least a year, if at all, the acquisition of another trading company to launch our new family film "Whiskers," and the launching of our newest mixed martial arts movie, "Never Submit," and the positive reaction to it by sponsors, product placement advertisers, and mixed martial arts enthusiasts, the company's stock still trades at the sub penny level. A reverse split will correct this and allow for company expansion.
5. Does the company intend to dilute the stock any further?
Yes and No. We will not issue any more free trading stock, but we will possibly issue restricted common stock and restricted preferred convertible stock in conjunction with the financing of our movie projects in progress. This stock will not hit the market for a minimum of one year, and it will be sold at higher prices.
6. You have 1 million preferred convertible shares. Do you intend to convert those to common stock?
No, not for the forseeable future, and for at least the next year.
7. Will there be a company buy back of shares?
Not for the foreseeable future. The company needs to expend its capital on the business of making films.
