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

This all started with the things Collins did to th

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Post# of 45510
Posted On: 01/14/2014 4:10:50 PM
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Posted By: ICPA
Re: robie #42842
This all started with the things Collins did to the company. Like the fake press release saying. I was fired and issue false statements to the SEC. We had his release removed for the one site and in the process of removing from the other. Out market cap was 10.5 million when I made the deal to buy Punch. His actions and false press releases saying I was fired drive the stock down. Then the small loans we made a year earlier came due. When we borrowed money tha stock was worth 20 times more then it was when we had to convert to pay back. We never borrowed more then 25k at a time. But when we made the deal and bought punch the 135 million shares was worth 3.5 million, today it's worth 27,000. This is why there are so many shares out now. If Colljns did not issue the false press and the other things he did we would be making money and building. The last q before he started this we made 150k and where profitable for the first time.
We are now rebuilding and turning a corner. Getting VU up and running was a big step in that direction. The shares outstanding are an issue now which will need to be addressed.


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