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Imagination TV, Inc. IMTV
Posted On: 12/09/2013 10:11:32 AM
Post# of 45510
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Posted By: ronaldo1149
After Collins and Punch TV received 135 million shares of the company’s common stock (valued at 3.5 million at the time of the transaction) for the purchase of all Punch assets, Collins either sold and or transferred those shares to other individuals. Being that Punch and Collins no longer own those shares and no longer control them, they cannot return them.  As such, rendering the rescission impossible.

THOUGHT THEY WERE RESTRICTED?













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