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  4. Imagination TV, Inc. (IMTV) Message Board

When he got the shares they where worth 3.8 millio

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Post# of 45510
Posted On: 01/08/2014 4:15:56 AM
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Posted By: ICPA
Re: mikeodonnell29 #42688
When he got the shares they where worth 3.8 million. Then he stared issued fake press that I was fired and other lies which started the the price spiral. So it's more then just returning the stock. Also there are 2 completely separate agreements. He signed an employment agreement then after he was president of our company and had full access as such signed the asset purchase agreement. Neither agreement talks about him having a majority of the company. The assets purchase agreement does not even mention him. So we have 135 million shares worth 3.5 million at the time and 150 million worth about 3.8 million. Part of the assets purchase agreement forced him to dissolve Punch TV inc 90 days after the purchase. This have us time to work out getting checks sent to the correct accounts. I held his 150 million cert till this was done. It is in his name but in my hands. We thought because I never handed it to him the TA would cancel them but they would not. So the 150 and 135 million are still is his or his friends name. We could not be more in the right on this as to the fact that we paid for Punch and he stole our assets. He was given stock to be president and then began lying to me and shareholders.


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