Imagination TV Inc. (IMTV)

[knoxvillebagholder]

This one keeps going down for a reason. Shares Outstanding- 12/31/16 848 million, 12/31/17 2.1 billion, 7/31/2018 2.95 billion with 57 billion shares in convertible notes.

Don’t take my word for it. Read the disclosure from July.

I liked this company and the CEO but the dilution is out of control. And spending 20% of profits, of which there are none, to buy back stock is laughable when there are 57 billion convertible shares on the books already. They are worth about 1 million dollars per their fins. And the dumping I’ve been seeing seems to coincide with one of their investors who had their restriction on selling lifted as of Aug tenth. Expect more of the same moving forward. There are a lot more shares coming available over the next year. Read the disclosures.

Bring on the hate.