Imagination TV Inc (OTCMKTS:IMTV) Has Plenty Of Catalysts Ahead

The share price of Imagination TV Inc (OTCMKTS:IMTV) exploded up the charts on astonishing volume last month as the company announced that the first phase in its plan to restructure the company's debt had begun. On top of it, the company is growing the business. It was put out that Textmunication Holdings, Inc. will help the company sell SMS to marijuana companies. In addition, in a shareholder update, it was released that the new company website, MJBBB.org, will be launched on July 7, 2017. We will tell you everything you need to know in this piece, but first of all have a look at the price action. Notice the company’s shares were exchanged for $800 three years ago and are now trading close to $0.001.SourceLong Business HistoryThe company was created in 2005 in Delaware. It is a digital media company delivering "integrated digital marketing solutions, as well as the latest in content marketing, video, display and mobile advertising solutions, social intelligence and reporting across all screens".It grows through acquisitions and also organically. It is focused on entering into sectors delivering outstanding growth, as IMTV has started many different businesses in the past. We checked what the company is preparing right now. This is what matters as it needs to be incorporated in the share price. The company announced the following in a shareholders’ update put out in March:

"We will be keeping the core of this business model intact, although we will be heavily incorporating one of the hottest and fastest growing sectors in the market. I am pleased to announce that within the next 45 days we will be launching two new premium web properties" Source

The websites are 808Hitz.com, which is intended to provide streaming music and serve as a platform where producers can connect with artists. MJBBB.org will be capitalizing on the booming marijuana industry.Recent Developments - What's making the share price move?The reason to justify the share value erosion in the recent years is the amount of debt accumulated by IMTV. That's what everybody knows in NY. Is this going to change? Perhaps. On June 23, 2017, its was announced that after negotiations with debt holders, IMTV has successfully convinced one of them to "adjust certain conversion features" of the debt. Joe Sirianni, CEO of Imagination TV, explained the recent moves of the company, which helped convince the debt holders:

"From the inception of taking on a project of this size, my goal has been to rebuild the company and return value to the shareholders. As an update to what has been previously announced, both 808Hitz.com and MJBBB.org properties are in their final stages of completion and beta. I expect to see finalized site before the end of the month. I've also been conducting interviews to fill management positions and board seats in order to help take Imagination TV to the next level. I'm happy to announce that I'll be holding the final round of interviews this week and should arrive at a decision by next week, at the latest." Source

On June 26, 2017, it was put out that MJBBB.org will be able to sell SMS thanks to a new collaboration between Textmunication Holdings, Inc. and IMTV. The company will be able to send phone messages that will be used by marijuana vendors to communicate with customers in order to provide updates on inventory delivery and special discount offers. Additionally, the data obtained will be stored and analyzed to provide a better service. Joe Sirianni, CEO of IMTV, said the following about the agreement:

"This is a great opportunity to add to the services offering for our MJBBB.org property. There are other SMS services out there but we feel that this particular short code is very identifiable by most in the cannabis community. Provisioning typically takes about 4 weeks to complete and once finished, we'll be able to start selling this service to cannabis businesses across the country. It was excellent being able to work with the team at Textmunication and we're looking forward to the revenue share from this new line of service." Source

Finally, on June 30, 2017, the company put out a letter from the CEO, wherein it was stated that the website MJBBB.org will be launched on July 7, 2017. We believe that this may be a catalyst. Market participants will be ready to assess the website that day. If the services provided are appreciated by the market, the share price may jump. On top of it, it was noted in the same press release that a new Chief Operating Officer will be announced soon. That may be another catalyst for the stock.ConclusionImagination TV, Inc. recently put out news that pushed up the share price. Also, it announced several events that may make traders hit the market with buy orders. First of all, the negotiation with debt holders may be very beneficial for the share price if the company keeps obtaining good deals as it happened recently. The company has a large amount of debt, thus there is a lot of work to do. That may be our first catalyst. Secondly, two new websites are about to be released. MJBBB.org will be released on July 7, 2017, which is the second catalyst. Finally, a new COO will be introduced soon. The event can make the share price move if the market appreciates the expertise of the new executive. Be alert on these announcements as we expect a big increase in volume on the back of the news. To sum up, this company is currently in play and primed to move.We will be updating our subscribers as soon as we know more. For the latest updates on IMTV, sign up below!Image courtesy of FlickrDisclosure: We have no position in IMTV and have not been compensated for this article.