Imagination TV Inc. (IMTV)

[HollywoodFastLane]

On the $5,129,771 About 3.2 million was for the purchase of Punch Assets. That is not exact but close. The balance are shares issued to officer and directors instead of salaries. This reason it seems so large is because we book the cost to us at the price of the shares at the time. So issuing 50 million shares at .02 show a greater cost to us then issuing the same shares at .006. This is why i refer to this as a book keeping process. The real number are what matters. revenues went from 7k to 50k and assets went from 200k to almost 3 million.