11.5 BILLION shares sold since 1/1/17

Yes folks… you read that right… over 11 BILLION shares sold since 1/1/2017.  AND… the PPS is at a whopping .0004 !!!  But hey… that’s just those in the know scooping up shares because they know something BIG is about to happen, right?

But wait… according to the OTC (see below (click to enlarge)), the Outstanding shares are only slightly over 2-billion.  What’s up with that?  Certainly the historical sales record as listed on the Investors Hub Website must be wrong?  Um… NO, it’s not.  This company has a super-duper share printing press – on steroids, cranking out the new shares to sell.  Well actually, it’s likely the 60-BILLION that the debt financiers hold that are being sold.

And… speaking of those 60 BILLION shares that they own… do you think it would be unthinkable of them to hire some sales people to sell those shares?  What would be the best way to sell those shares?  Maybe hire some people to get on the stock message boards, under fake aliases, to plant the idea into unsuspecting and novice buyers that this stock is ready to explode and you better load the boat or you will wish you had.  What better way to accomplish this but to point to all the sales as evidence of this interest.  Folks… its hogwash !  Anyone pumping this stock is either working for the financiers, likely under a commission basis, or, someone who was duped by the hype and now owns a ton of worthless stock and is looking for some other fool to buy it from him.

Ever notice how each time the stock has a surge of sales… there is a new crop of aliases that appear?  You rarely see the same names appear more than one pump.  However you DO see some of the same aliases time and time again… those are the ones who have learned the valuable lesson and are trying to warn you what you are in for if you buy some IMTV stock.  These folks have been involved with the company for quite some time, and they have seen… and remember, how this company operates.  You might want to head their warnings.

Here’s the good news… there are only 49-BILLION or so shares left to be sold !  That’s better than 60-BILLION… right ???  So… you will likely see a few more pumps to move the remaining 49-BILLION shares.  Then… it’s very likely they will do a Reverse-Split to clean up the trash left over from the earlier party.  It would be hard for company to promote themselves with an outstanding share count of over 60-BILLION shares.  They are going to need to get that down to a respectable level so they can do it all over again.  The ONLY way to do that would be to do a Reverse-Split.  After all, IMTV is a pro at it, having done it 4 times in the past.  They probably have the paperwork in their files and all they need to do is change the dates and amounts and put a stamp on it and let-r-go.

Folks… as always… do your own homework before making a buying decision.  Let Mr. Google walk you through the history of this company.

IMTV… who’s really in charge ???

Folks, it’s up to you what to believe.  Only YOU can make that decision.

There has been speculation even since the “Private Transaction” that Mr. Steven Samblis is still in charge of IMTV.  Many believe that Mr. Joseph Sirianni is simply a figurehead that has been installed to remove the negative connotations of the past actions of Mr. Steven Samblis and his running the company.  Some say running the company into the ground.

IMTV has had a history of what many call “pumping and dumping”.  It’s a very common practice in what’s called the “stinky pinky” public company world.  Some think the “Private Transaction” was just that, a pump and dump scheme to sell stock.  The concept is… put out grandiose press releases (written by the company but made to look like news), then the stock sales will significantly increase based on irrational exuberance by naive investors.  Nowadays most have come to know this practice as “fake news”.

It’s also well documented that IMTV is significantly oversubscribed with regard to shares pledged as collateral for previous cash advances by equity financiers, like Asher Enterprises.  Oversubscribed to the tune of 61-BILLION shares (yes, not a misprint – BILLION).  (see below – click to enlarge) and HERE.

Now, with this level of debt load it would be reasonable to assume that drastic measures would be needed to manage this debt.  That’s a whole lot of shares that need to be sold to the public to satisfy the equity financiers.  Do you really think those equity financiers would be forgiving any of this debt???  VERY doubtful.  They have already paid out the cash to IMTV, and they want to be paid back… wouldn’t you?  So, is it unreasonable to think that a tactic would or could be conceived to make it appear there is a new CEO heading the company, and to indicate this new CEO will move the company into the weed selling business?  Naive investors just lose their minds when a company mentions they will be associated with marijuana in any way.  And… if folks think that Mr. Steven Samblis is no longer involved, they will be more likely to take a (or another) chance by investing in the company.

Friends was contacted by none other than Mr. Steven Samblis on July 13, 2017.  Here is his quoted text:

“Now that I have nothing to do with IMTV and there is no reason to attack me anymore, can I have my name back?”

Larry and Mr. Steve Samblis had 59 more communications as a result of this initial contact, over the period of 7/13/2017 through 8/3/2017.  We mention the vast number of communications (emails) during this period to illustrate the apparent significant desire on the part of Mr. Samblis to have his namesake domains back.  It’s also noteworthy that he does have a domain in his namesake already.  If he has his own site, in his own name, why work so hard to get another one ?

So, in these 60 communications, his pleas ran the gamut of trying to appeal to Larry’s compassion, to crying poor mouth, and to finally a financial offer.  Larry’s initial response to Mr. Samblis’s inquiry was:

Provide me with the “Private Transaction” document supporting your statements that you have nothing to do with the company, and yes, you can.”.

What was the end result of these discussions… No deal.  Mr. Samblis stated Mr. Sirianni would not allow him to release the document.

So… you be the judge.  Why would Mr. Sirianni refuse to release this document?  At one point Larry offered to consummate the deal if Mr. Sirianni filed the document with the SEC.  The actual document was not really needed to be in-hand, simply available for the public to see.  That offer was refused also.  So, the reasonable question here is… WHY???  What is in that “Private Transaction” document, so important and confidential that IMTV doesn’t want the investing public to see?  As a public company, doesn’t the investing public have a right to view what’s in this document?  If IMTV really wanted to be up-front and transparent with important details about the company, wouldn’t they be eager to release the document?  One would think that if there really was a “sale”, Mr. Sirianni would be eager to disassociate himself, and IMTV, with Mr. Samblis.  Or, do they just want to put out grandiose press releases primarily designed to create irrational exuberance by naive investors?

Do we believe Mr. Samblis… not for one second!  And, because neither one of them would release the document, when any reasonable person could see it would be in both their best interest to do so, makes us believe ever stronger that something just doesn’t pass the smell test about the supposed “sale”.  We are certainly willing to believe there was really a sale, but it will take documentation in order for us to believe it.  If there is no documentation to support their claims, it’s just more fake news to us.

Feel free share your thoughts with the world about this by using the “Leave a Comment” functionality at the bottom of the page.  Mr. Samblis or Mr. Sirianni are free to respond also.  The world would love to hear why they will not release the document!

Note: We will not be publishing the verbatim email chain at this time.  If Mr. Samblis or Mr. Sirianni were to dispute these conversations, then we would certainly publish them all in order to document the truth.

Debilitating debt, and…

Some on the message boards are saying to the bag holders… just hang on, and when this company starts showing revenue… to the moon the PPS will go, and you will be a millionaire.  Yup… as a savvy investor, anonymous posters on a message board is just where you should be getting your investment advice !

IMTV is up to its eyeballs in debt.  The CEO alone has a claim to 240-MILLION dollars in profit.  Who do you think is going to get paid first ???  Yes folks… the CEO of IMTV Joseph Sirianni, according to the most recent Financials filing (HERE) he (as Chairman of the Board) has awarded himself a 240-million dollar golden parachute.  With perhaps another 500-million dollars due him in a stock conversion of “blank check” stock shares that can be converted to Series-A (worth $1.00 each).  Full details are outlined HERE.   WOW… what a sweet deal !

Another detail that is unknown is… if there really was a sale to Mr. Steven Samblis, do you think he gave up the company for free???  There are many that believe there was really no sale, just another rouse played on the novice investors.  Many believe Mr. Steven Samblis is still pulling the strings in the background.  But, just for a second, lets say there was a “sale”.  HOW MUCH was paid ???  Any payment to Mr. Samblis was either in the form of cash, perhaps to be paid based on share sale level, or perhaps super-cheap stock that could be sold back to the market for payment.  Either way, if there really was a sale, the details are “Private” and investors will likely never know how much of the future profit is already under obligation.  Given that IMTV is a non-reporting company, investors will likely never know.   AND… if stock was provided in lieu of cash… how many shares were dumped into the market (or have yet to be dumped) to satisfy this debt?

If overwhelming debt wasn’t enough to scare you away… how about the 61-BILLION (yes BILLION, that is no misprint) shares that are owned by the toxic financiers !  They need to get paid also.  Do you really think they will be “forgiving” this debt ???   It’s very likely that those on the message boards pumping IMTV are working for the toxic financiers.  They are probably working in some boiler room creating fake aliases to make it sound like there are a ton of seasoned investors that have some inside scoop on the company.  You should be suspicious of anyone who comes on a message board and says he’s buying the stock.  If you were really buying the stock you would just buy it and shut up… you don’t need to tell the world about it.

Folks… do your own due-diligence.  Let the documents speak for themselves.  Supporting documents are available will a simple Google search, and documents don’t lie.  Not hype – REAL DOCUMENTS !  Read them and make your own decisions.  Read a few of the posts on the message boards, they are full of admitted bag holders.  You should at least consider someone brave enough to admit to the world that they made a really bad decision by being caught up in the hype and bought something they now regret.  Do you really think this company has a bright future saddled with this much debt, shrouded in secrecy with “Private Transactions”, and the ridiculous amount of shares yet to be dumped into the market???

Yet another worthless press release !

Yes folks, we just wrote about this last night, and here is the latest example of such.  The press release is here.  Please take a look at it.  Here is an excerpt:

First, I know that shareholders are concerned about the Company’s debt existing prior to me coming aboard and this is a Company priority. I understand the concern and I have successfully secured an amended note with respect to one note holder. I am attempting to negotiate new debt terms with other note holders.

Mr. Joseph S. Sirianni states he successfully negotiated an amended note – with 1 of the many note holders.  Big deal… what about the other half-dozen or more notes???  AND… does he state any debt was forgiven???  No, he does not !  Does he state any less shares were pledged?  No, he does not !  So… where’s the big news ?  OK… so your credit card company says you can skip a payment on the outstanding balance… what does that do for you?

You gotta love this next line…

We also plan on establishing new business units within the cannabis industry.

Here we go with the “plan” again.  A plan, if there is one, is simply a grain of sand on the beach of failed plans from this company.  Oh, what’s that you say… those failed plans were under the leadership of Mr. Steven Samblis, and Mr. Joseph S. Sirianni is a completely different CEO?  ROTFLMAO… produce the documentation that Mr. Steven Samblis is not still involved.  There is zero evidence that he is not, and much to indicate he is.  Ask yourself, WHY was there a need to have a “Private Transaction” between the two?  What don’t they want you to know ???  You can bet whatever it is… it’s not in the investors best interest or they would have been eager to publish it, AND, file a copy with the SEC.

And finally, there is this…

Mr. Areco has been working closely with our developers to build out the 808hitz.com platform.

Wait… isn’t this the same website that Mr. Joseph S. Sirianni said on March 29th 2017 that the websites would be up and running in the next 45-days?  Now come to find out they are still “developing” it.  AND… by the looks of the one website they did develop, it looks like they spent about an hour on it.  You can download FREE websites that look better than that one.

Folks… don’t fall for the hype from some anonymous poster on a message board.  Those pumping the IMTV company are likely trying to sell those 50+ BILLION shares still remaining to be sold from the toxic financiers.   Or, those that bought the shares at the height of the pump and now are trying to unload them to limit their losses.  Do some simple Due Diligence… Google IMTV and Mr. Steven Samblis and decide based on facts and documents… not a paid pumper’s deception.

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CEO guaranteed $240 million !!!

Yes folks… the CEO of IMTV Joseph Sirianni, according to the most recent Financials filing (HERE) he (as Chairman of the Board) has awarded himself a 240-million dollar golden parachute.  With perhaps another 500-million dollars due him in a stock conversion of “blank check” stock shares that can be converted to Series-A (worth $1.00 each).  Full details are outlined HERE.   WOW… what a sweet deal !

AND… don’t forget about the 61-BILLION shares already pledged to the toxic financiers.  Looks like during this most recent pump, only about 5-billion have been sold.  That leaves about 56-BILLION to go.  Those folks who don’t do their homework are thinking they are buying from retail buyers just taking some profit.  Little do they know they are likely buying the diluted shares from the likes of Asher.  (for those of you who don’t know who “Asher” is… Google Asher Enterprises).  Just ask yourself… with over 5-billion shares sold recently… why is this stock circling the drain back to the trips?

Also… read the press releases carefully.  Ask yourself, why does the CEO use the words he chooses?  There is no substance in the releases, just hype.  Hype with words that can have multiple meanings.  AND… ask yourself, WHY these press releases are not filed with the SEC?  Notice the wording on the latest press release… they “signed an agreement”.  Agreement to WHAT ???  Where is the agreement?  An “agreement” simply means the parties agreed to something.  Do some research on the history of IMTV and their “Letters of Intent” (i.e. Agreements).  There are a ton of them, and not one became a reality.

Folks, you can listen to the pumpers on investment boards, who are very likely paid professionals on commission to sell converted shares (dilution shares) or simply seasoned pumpers shilling to sell their own shares for a profit.  Remember… one mans profit, is another mans loss.  Don’t be the looser, check out the multitude of other stocks that have a much better track record.  IMTV has caused a lot of heartache for a lot of people.  Don’t simply buy the hype of a paid pumper… do you own homework.  Google IMTV, and Steven Samblis.  There is plenty of data on the web that documents the history of this company (IMTV).

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The stupid con the extremely stupid !

Wow… some folks will believe anything.  “Debt restructuring”… REALLY ???  Question for all of you that think this is good news… was any debt “forgiven” ???  Even the bombastic press release didn’t say that !  In fact, the presser didn’t give many details at all, just hype designed for the brain donnors out there.

And… what about this web site???  3 Months to build a web site… that’s laughable!   This is the only aspect that might, just might, indicate Steve Samblis is not involved in the day-to-day running of the company.  Say what you may about Steve Samblis, he knew how to build a decent web site in short order.  In fact he has about a dozen or so right now.  However, until the “Private Transaction” details are released, there is nothing to prove Steve Samblis is not involved any longer.

Those of you who bought IMTV shares, or may be thinking about buying IMTV shares, you might want to read post #123263 over on Investors Hub.  It’s a breath of fresh air from all the hype from the paid pumpers who are likely working on commission from the toxic lending companies, like Asher.  Someone said a billion shares were sold in the pumps, that means there are only 60-billion more to dump.  They are paid to feed you fake news and views to entice you to buy.  They couldn’t care less if you lose your money.

Folks… do your own due-dillagence !  Don’t believe a line of B.S. some anonymous poster tells you on a message board.   Use your common sense and read what the press releases are NOT telling you.  Research the history of this company.  And until you see the terms and agreements of the “Private Transaction”, don’t for one second believe anything has changed with this company.  Even IF there is a new “CEO”, the product they sell appears to be the same…STOCK !  60-BILLION, don’t forget that !

History of misleading information…

Hello folks… well, there hasn’t been too much to write about of late… and I guess that’s the point.  The lack of action seems to be a continuation of previous history.  It seems like the only action of late is the selling of shares to unsuspecting and naive investors that seem to make investment decision on hype rather than real, easily obtainable, information.

Take the poster that posted today about Joe Sirianni’s response to when the websites will be up and running.  The response, in short… take his word for it, they are working hard on them.  So it’s been quite a while since the “Private Transaction” took place, which Mr. Samblis and Mr. Siiranni are calling a “sale”.  And, it been almost 2 1/2 months since Mr. Sirianni announced in his March 29th presser, that the websites would be up and running “within the next 45 days”.

Now… anyone even remotely familiar with websites knows that even a 12 year old can have a website up and running in a matter of hours.  There has been well more than enough time to construct not only a website, but a first class website, so one can only conclude that this whole sale thing is just another effort to gin up support for share sales.  History proves that there will be folks out there that believe CEO hype.  Just a few posts later one can see that a poster admits to “holding so many shares”.  One needs to look no farther than a poster hyping the company than to conclude who was left holding the bag on the last pump and dump.  If you own a ton of shares – at a loss, then the only hope of getting some of your money back is to go on a message board and try and convince some other poor sucker to buy your worthless shares.  And apparently those type of folks are out there !  During the most recent pump and dump millions upon millions of now near worthless shares were sold.  Asher is likely smiling from ear to ear on the way to the bank !

It’s just a shame that folks don’t so so much as a rudimentary Google search on this company and it’s officers prior to investing.  The information is readily available with a simple Google search, or, within this forum.  In this case, a simple Google search to do a little DD could save you a lot of hard earned cash.

Folks… it’s up to you.  Experienced folks can lead you to the water, but they can’t make you drink.  Do your DD !!!  If you have extra money to throw away, please consider a worthy charity.

 

A really sweet deal !!!

WOW… if you read some of the folks on Investors Hub… this company is poised to overtake Google and Apple combined in size.  It seems obvious those folks have not read the most recent “filing” of Mr. Siriani.  In fact it appears they have been reading into the document some very creative wishes.  However, if you actually take a few minutes to read the document, you would likely be left with you jaw hanging open.  You just have to wonder how anyone can come on a message board and promote this company.  It’s a fair question to ask, given the above, what’s in it for them???

First off, you have to laugh about the company “Principal Executive Offices” being located in a “Virtual” office.  Yes folks… this company that some believe is on track to make them millions… appears to operate out of a location where “offices” start at $100.00 a month.  Yes folks, put the addresses in either of the filing documents into Google, and you will see that the last official filing with the SEC listed it’s “registrant’s principal executive offices” in a UPS store.  The address on the most recent “Annual Report” is a “Virtual” office.

You might want to take a peek at the section of the Annual Report entitled “Preferred Stock”.  Talk about a “golden parachute”… this is one sweet deal.

So this company that appears to operate out of a “Virtual” office… issues itself 240-MILLION shares of “Series-A” stock.  Now this “Series-A” stock is a real sweet deal.  First, these shares have a voting strength of 10-times what one normal share votes.  Second, holder(s) of these shares (could this be just 1 holder?) “will” (not might, not conditional on anything, like good performance, etc), receive $1.00 per share !  So folks… this company, from the git-go, is already $240-million dollars in debt !  It’s right there in black and white, go read it for yourself.  This action begs the question… do you think this company, or it’s “directors” have the investors best interest in mind ???

And if that’s now sweet enough for you, check out the first paragraph under “Preferred Stock”.

Check the section that reads as follows: “The Company has authorized five hundred million (500,000,000) shares of preferred stock, par value $.00001.”.  If you read a little further you can see that this “blank check” stock can be converted into anything the company wishes (section (e).  That appear to mean that these shares can be converted into Series-A shares also.  WOW… that appears to be 740-MILLION shares that can be worth $1.00 each, in addition to other benefits as the company deems fit.  Ask yourself…do you really think this company has the best interest of the investors in mind here???

If the above is not enough to turn your stomach, don’t forget the 61-Billion shares already pledged to creditors.  Some of the pumpers on Investors Hub seem to be dismissing this over-subscription issue.  Just ask yourself… if YOU were the creditor who loaned the company (be it past or present) this money… would you simply forgive this debt???  Of course you wouldn’t !   What would you do then ?  One thought would be to hire some boiler-room sales people to sell shares to recover your money.  You might even pay these folks a commission on sales goals achieved.  The owner of these shares, obtained via convertible loan conversions, would sell them at just about any price because even at .0001 they would be making a killing because they have so little invested.  Do you think it would be beneath some of these sales people to get on a message board, disguised as investors, and perhaps be reckless with the truth regarding how great of an investment this company is?  Some would say that is exactly what is happening when you see what some of these posters post.  You have to wonder… have they read the same documents you have???

If all the above is not enough for you to say, OK, I have seen enough… here is another quote from the most recent Annual Report.

This quote from that passage “The Company will most
likely be reliant on additional shareholder contributions…” just has to warm your heart.  Ask yourself what exactly that means?  Can you say… more dilution?

Folks… it appears no amount of “weed” will pull this company out from this financial hole they have dug for themselves.  There are those (perhaps the ones we spoke about above) that would like you to believe this company will move into the weed selling business and make investors a bunch of money.  What do you think given the above???  It appears the only thing this company has, and will sell, is shares of their stock, with a heaping side order of steaming BS.  That appears to be their only viable product right now.

Folks… do your own DD.  Read the document for yourselves before investing and decide for yourself..  Who are you going to believe, some posters on a message board, or your own eyes and your own common sense and gut !

Financials (UnAudited) out – 61 BILLION shares outstanding !

Well folks… financials are out, hot off the presses.  Investors might want to take a look at this section of the report, and ponder such when they are thinking about investing in the company. (click to enlarge)

Is there even a question as to who’s shares you are buying if you decide to make a purchase???

And the hits just keep coming… the company is almost 1-million in debt.

And… just to give you a little flavor as to the validity of the document, there is this piece about a lawsuit that they state “The company finds no merit in the allegations and will vigorously defend the suit.”  WOW… this appears to be the very same lawsuit we reported on here, AND, Mr. Steven Samblis AGREED to a settlement of it.

Folks, we spent about 10-minutes with the document, so more to come later, but we still see nothing that proves Mr. Steven Samblis does not own the company.  Investors might consider that a person can be CEO, President, and Chairman of the Board…without actually “owning” the company.  They are just titles.  Investors still have not seen the terms and conditions of the “Private Transaction” that was widely publicized as the “Sale” of the company to Mr. Siriani.  If either of these two gentleman really wanted you to know the truth… they would publicize the document, and file it with the SEC.

Interesting comment…

Friends received an interesting comment to one of our previous posts about “Fraud, or honest mistake“.  One could conclude someone is not happy with Mr. Steven Samblis for some reason.  A previous investor perhaps ?  Anyway… the comment is show below (click to enlarge), and available at the above referenced link.

samblis_cinemanow2When Friends checked Wilipedia (HERE), apparently CinemaNow is owned by FilmonTV.  The quote from the Wikipedia page is: “By January 2016, Regent Equity Partners had sold CinemaNow to the UK-based company Filmon.”  Yes, that appears to be the very same Filmon that was touted as the huge money maker for the stockholders of IMTV a while back.

The comment to the post appears to be saying… Mr. Steven Samblis is a W-2 employee of the company CinemaNow, although the CinemaNow website doesn’t list any employees.  Given the poster’s reference to the “debt collector” aspect, the poster seems to suggest that anyone holding a judgement against Mr. Steven Samblis could now garnish his wages to collect.  We have reported on more than one judgement against Mr. Steven Samblis within this blog, and to review such simply put the word Judgement in the search box at the top right of this page and you can view the details and documents surrounding such.

It would seem to be a fair question to ask… what was the relationship to Filmon back then, and what is the relationship now.  Mr. Steven Samblis has promoted the idea that he has sold IMTV, and that he has no part in running the company.  This alleged relationship seems to bring that into question again.  Although the poster does not indicate what position Mr. Samblis holds there, and there is no reference to any employees, staff, or ownership (other than Filmon) on the CinemaNow website.  One wonders though if Mr. Samblis holds any kind of management position, and is responsible for any management decisions.  One also wonders if the company CinemaNow did any investigative background check in order to determine Mr. Samblis’s previous business experience and achievements relating to his management of the IMTV film and broadcast efforts.  Or, the financial and accounting questions that arose from his management of IMTV, and the investor funds thereof.

Perhaps the poster of the comment will elaborate further at a later date.  We will certainly keep the readers of this blog up to date on any information relative to Mr. Steven Samblis and/or IMTV.  If you want to know as soon as we post something, be sure to sign up for alerts.