Imagination TV Inc. (IMTV)

[Sheeple O Plenty]

GUARANTEED TRIPS COMING HERE!!!!

And the reason is easy to see.

During the six month period ended June 30, 2012, notes with a face value of $142,500 was converted into 298,318,520 shares of common stock, at an average price of $.00048, calculated per the agreed terms listed above.

They still have almost twice this amount of conversion to take place. More than $269,000 in convertible debt. According to the financials that it seems nobody on this board chooses to read, the conversion will be at 35% of the calculated average of the lowest three trading prices for the common stock during the ten trading day period prior to the date of the conversion notification.

Thats the lowest TRADING PRICE not the lowest close price. So if they were to convert as of Friday, the lowest 3 trading prices for the last 10 days would be .0077.

2012/08/31 0.0087 0.0095 0.0082 0.0095 2,586,073 0.0095
2012/08/30 0.0085 0.0094 0.0082 0.0087 5,720,960 0.0087
2012/08/29 0.011 0.011 0.0081 0.0090 3,214,077 0.0090
2012/08/28 0.010 0.010 0.0085 0.010 3,080,223 0.010
2012/08/27 0.012 0.012 0.0097 0.010 5,885,907 0.010
2012/08/24 0.011 0.012 0.0095 0.010 4,907,424 0.010
2012/08/23 0.0087 0.011 0.0086 0.010 8,157,809 0.010
2012/08/22 0.0082 0.0089 0.0067 0.0083 18,233,106 0.0083
2012/08/21 0.0098 0.0098 0.0082 0.0090 6,378,840 0.0090
2012/08/20 0.0095 0.010 0.0083 0.0085 6,889,611 0.0085

Then the conversion price would be 35% of .0077 or .0027. To fulfill the debt obligation the company will need to DILUTE ANOTHER 100 million shares.

And if the debt holder is smart, they'll tank the stock by dumping into weakness for 3 days before they convert, making it even more.