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

I think the only way out of this is if it is all 

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Post# of 45510
Posted On: 11/14/2012 9:59:02 PM
Posted By: king koopa

I think the only way out of this is if it is all part of a future ploy, i.e. start releasing some great news and then throw a news in there that they are cancelling at least a billion shares.   Otherwise, they need to release some financing news to show that Steve is credible by saying he needed to get the A/S away from the O/S to obtain better financing deals.  Either way something needs to happen from it pretty quick.  You don't build a billion dollar company by doubling your authorized shares.  Took long enough to convince people that 2 billion was OK and now it is double.  I thought OK 2 billion that was what he needed to get this where he needs to take it, I will embrace it and try not to worry.  the fact that it has now doubled is terrible.  I am expecting a massive dump to .002 or below before recovering.  Too much panic selling with not enough bid support.  then I am expecting a recovery back to about .004-.005 once things calm down.  that will probably be our new .005-.008 that we have had lately.  We have a whole different animal here now with the share structure.  Then if revenues Steve has spoke of do come to fruition on future Q's we will climb a little bit more.  it will be very difficult to get back to .05 though.  Think about it, say they issue a few more shares and we're at 1.5 billion outstanding well that is a 30 million market cap now at two cents.  We cant even hold about 5 million.



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