Imagination TV Inc. (IMTV)

[PfeiferInvestments]

Nice post! Very well put! As for your question, when that 10Q/10K was realeased, they had a couple million in debt and not much cash. This is the same report which shows the A/S was increased to 2 billion. However, if they increased the A/S for the purpose of dilution to fund day to day operations, we would have seen more available cash. Also outlined in the document is IC Places agenda for 2012(AKA 'the next twelve months,' or 'going concern') where the first item up for business is acquisition of $1.2 million in cash to fund operations for 2012. I'm also pretty sure it states they would receive the money through private investments or through typical bank loans.

This is purely from recollection, please read the filings to make sure!