Warning: imagettftext() [function.imagettftext]: Could not find/open font in /home/a2424901/public_html/index.php on line 35

Answer 1

To add on to user2724960's answer; Changing the FontName to __DIR__ . '/graph/fonts/someFont.ttf' did it for me.

Full line:

$myPicture->setFontProperties(array("FontName"=>__DIR__ .  '/graph/fonts/someFont.ttf',"FontSize"=>14));

Don't forgot to replace "someFont" with the name of your font file (default: "Forgotte")