Replies to post #84731 on Imagination TV Inc. (IMTV)

[asilver8]

Do you plan on signing with direct tv and expanding traveltech to greyhound stations?

[B402]

Once again..to be clear,,

Are these your loans

B402 Wednesday, November 14, 2012 5:21:59 PM
Re: Samblis ICPA post# 84644 Post # of 84732

For this..

Toxic financing

Are these your loans

During the nine month period ended September 30, 2012, notes with a face value of $97,500 was converted into 350,445,504 shares of common stock. The debt conversion was recorded at the fair market value of the stock, at an average price of $.00535. The difference in the calculated issue price, per the agreed terms listed above, and the fair market value of the shares resulted in a recognition of $1,777,023 as an expense of the conversion, included as a change in derivative. The Company currently reports the amount due, under these convertible notes net of unamortized discounts and financing costs (amortized to interest expense over the term of each note) associated with origination fees and the beneficial conversions resulting from the terms of the installment funding.

Different than these prior conversions

The holder has converted a portion of these notes in satisfaction of the amounts due. During the three month period ended March 31, 2012, notes with a face value of $122,500 was converted into 256,718,520 shares of common stock, at an average price of $.00048


The holder has converted a portion of these notes in satisfaction of the amounts due. 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,