Imagination TV Inc. (IMTV)

[jomama454]

Thinking very hard here and I figured it out.

The reason for the oversell,million share blocks, last thursday crazy sells, is liquidtion of an account.

Even if restricted shares are "restricted", if the holder owes taxes or has judgements, the holdings can be liquidated to satisfy a lien or levy. Since Steve claims no dillution and ICPA only paid a 135 million shares for punchtv.

The only part of this I dont get is the weak volume to the upside. If ICPA is as big as the pumpers here say it is, then 5 cents would be a steal.

There is NO real shares to short, however if there were "phantom" longs which would explain the "overbuy" situation, then there could be some "naked" shorts of which I would doubt very much and would have covered already negating the overbuy. If ICPA goes sub penny again next week, it would throw my theory out the window and I am back on the dillution wagon.