Imagination TV Inc. (IMTV)

[PfeiferInvestments]

Good question! Yes, it did. As of December 31, 2011, the outstanding shares were 355 million. As of now, it's 622 million. No change was made to the authorized shares.

Before everyone starts screaming dilution, Steve did explain the increase. The additional shares were used to pay insiders' salary pretty much, those are untouchable float shares. For the most part. The rest of it was used as payment in return for services rendered. Steve has this awesome idea that we shouldn't go in debt while building up this company. I agree with them.

Let's use those shares man. That's why your investors are here! To give you $$$, so that we make +$$$$$