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

I agree with many longs here, Steve should come he

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Post# of 45510
Posted On: 11/14/2012 6:10:03 PM
Posted By: ngu18

I agree with many longs here, Steve should come here post too. For the ones who do not want to visit that board, here are some posts from Steve that may help answer some of the questions you may have  :


" 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. "


" You don't think we frustrated seeing what our share price did today? I understand how you feel. I just can't let it effect what we are doing because we are building a real company here in the field a Television broadcast which offer great opportunity. a year go we owns some websites and today we own a broadcast TV network. I know price will work itself out. "



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