Imagination TV Inc. (IMTV)

[ronaldo1149]

Due to the increase in costs associated with clearing illiquid securities, beginning October 1, 2011, positions that are greater than 10% of the 20-day average daily volume within a security, regardless of the price of the security will result in charges from NSCC. Therefore, all orders in OTCBB and Pink Sheet securities where the order quantity is greater than 10% of the 20-day average daily volume of that security will be rejected. You will be notified with a message stating: “Rejected: Order violates PFSI illiquid security policy.” Further, if you execute transactions under the trading thresholds and accrue positions that exceed 10% of the 20-day average daily volume NSCC charges will also apply. Apex reserves the right to restrict accounts to "liquidating only" for those whose trading has created an illiquid charge. For all transactions resulting in a NSCC illiquid charge, the following interest rates and a $250 fee will be applied:

0 to 3 million dollars: an annualized charge of 15% for the number of days on the NSCC report
3 to 5 million dollars: an annualized charge of 20% for the number of days on the NSCC report
5 million dollars and up: an annualized charge of 25% for the number of days on the NSCC repor