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

As of March 31, 2013 the Company had minimal cash

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Post# of 45510
Posted On: 05/21/2013 5:47:24 PM
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Posted By: ronb

As of March 31, 2013 the Company had minimal cash with which to satisfy any future cash requirements.



The Company incurred a net loss for the three months ended March 31, 2013.  As of March 31, 2013 the Company had minimal cash with which to satisfy any future cash requirements.  These conditions raise substantial doubt about the Company’s ability to continue as a going concern.  The Company depends upon capital to be derived from future financing activities such as subsequent offerings of its common stock or debt financing in order to operate and grow the business.  There can be no assurance that the Company will be successful in raising such capital.  The key factors that are not within the Company's control and that may have a direct bearing on operating results include, but are not limited to, acceptance of the Company's business plan, the ability to raise capital in the future, the ability to expand its customer base, and the ability to hire key employees to build and maintain websites and to provide services and support to its customers and users.


( There may be other risks and circumstances that management may be unable to predict. )



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