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IC Places Inc. (PNCH)

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Last Post: 9/1/2014 9:05:05 PM - Followers: 517 - Board type: Free - Posts Today: 1

SHARE SELLING SCAM


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***MAJOR DD RIGHT HERE! MUST READ*****

PNCH only takes 5 seconds of dd to figure out what is going on.

From the last 10Q:

During the nine month period ended September 30, 2012, notes with a face value of $97,500 was converted into 350,445,504 shares of common stock. The debt conversion was recorded at the fair market value of the stock, at an average price of $.00535. The difference in the calculated issue price, per the agreed terms listed above, and the fair market value of the shares resulted in a recognition of $1,777,023 as an expense of the conversion, included as a change in derivative

So 350,445,504 shares were issued for $97,500 worth of stock. That's a conversion ratio of $.000278/share.

The average price of the stock at the time of the conversions were $.00535 making that stock worth $1,874,523 or $1,777,023 more than the debt.

Basically what that means is that they issued 350,445,504 shares that were worth $1,874,523 to debt Note holders to eliminate $97,500 worth of debt.

If anybody wants to know what PNCH is all about they need not look any further than that. Find out who owns the convertible debt Notes and who is getting a cut of the profits from the selling of the shares going to the debt Note holder and those are the people that PNCH exists to make rich. When people buy PNCH stock those are the people they are handing their money over to.

And it is only going to keep getting worse.

As of September 30, 2012, PNCH still had $244,253 in convertible debt Notes on the books.

If $97,500 turned into 350,445,504 shares then how many shares do you think $244,253 in convertible debt will turn into especially considering how much of a discount below the market price the debt Note holders get their shares?

At the same conversion ratio of $.000278 as the last $97,500 worth of debt, that $244,253 will become 878,607,913 more free trading shares of stock.

Since the PNCH share price will only go down as more shares get dumped, that $244,253 in convertible debt will probably end up becoming more than 1,000,000,000 free trading shares of PNCH stock.

PNCH looks like it is on its way down towards triple zeroes and anybody that holds it long term will end up going along for the ride.

 

 










 







                                                                                                                                       

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Wiki
PNCH News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 08/13/2014 06:01:30 AM
PNCH News: Current Report Filing (8-k) 07/25/2014 06:02:37 AM
PNCH News: Amended Annual Report (10-k/a) 07/08/2014 05:14:05 PM
PNCH News: Imagination TV's New Show "UnCommon Denominator" Begins Filming Interviews With Moguls, Authors and High Achievers to Discove... 06/11/2014 09:00:00 AM
PNCH News: Imagination TV's New Show "UnCommon Denominator" Begins Filming Interviews With Moguls, Authors and High Achievers to Discove... 06/11/2014 09:00:00 AM
PostSubject
#116638  Sticky Note Added a bunch .0011 today-- awesome buys---- going FullImpactStocksUSA 07/30/14 11:08:08 AM
#115577  Sticky Note A MUST READ! The CEO is a complete buyinit 06/04/14 08:32:26 PM
#115278  Sticky Note There is no reason for us to do Rich 06/01/14 12:25:22 AM
#113636  Sticky Note PNCH has done 3 Reverse splits in the buyinit 04/25/14 02:39:12 PM
#105894  Sticky Note Posting comments that appear to be a threat IH Admin [Dan] 06/20/13 11:12:26 AM
#102227  Sticky Note Recommend everyone file a copy of the Collins Charlie48 04/29/13 09:42:35 PM
#40832   Shorting is part of the stock market and Nitwit 05/14/12 08:08:49 PM
#40831   And other shows too and misc. stuff also, perchy 05/14/12 08:05:41 PM
#40829   Good Job Buddy, perchy 05/14/12 07:57:42 PM
#40828   and Orbit (chewing gum) too. But that is qm142009 05/14/12 07:49:20 PM
#40827   Welcome aboard,I for one appreciate you taking the ajd 05/14/12 07:49:19 PM
#40826   Thanks for the list..also they are good advertisers Charlie48 05/14/12 07:41:47 PM
#40825   If they pick up his shows for overseas. Whopperman 05/14/12 07:36:17 PM
#40823   very good point Charlie48 05/14/12 07:34:06 PM
#40822   In the recent interview, Steve said he was Charlie48 05/14/12 07:33:17 PM
#40821   Charts CAN'T lie because they are a representation Stocktologist 05/14/12 07:32:54 PM
#40820   Facebook page shows Steve in THE NEW STUDIO DiamondFire 05/14/12 07:31:27 PM
#40819   Remember he retained international rights for the shows Whopperman 05/14/12 07:30:58 PM
#40818   I recall that warners bros wanted the part perchy 05/14/12 07:27:00 PM
#40817   The best part about the Warner Bros picture claytont123 05/14/12 07:21:20 PM
#40816   Antonio, relax...she will already run before friday :) BKMUC 05/14/12 07:14:54 PM
#40815   hmmm..Ortsbo language translator for international TV apps? Charlie48 05/14/12 07:09:14 PM
#40814   ALL LOOKING GOOD FOR A BRIGHT FUTURE.. mgazel 05/14/12 07:04:53 PM
#40813   like the company profile. very interesting: Charlie48 05/14/12 07:02:53 PM
#40812   hmmmm.... International TV distribution division Charlie48 05/14/12 06:59:37 PM
#40811   I agree. Bothering a company about a dukejas54 05/14/12 06:59:11 PM
#40810   MAAAAAAAN, DID U C THIS?????? mgazel 05/14/12 06:56:43 PM
#40809   I agree. Bothering a company about a dukejas54 05/14/12 06:55:15 PM
#40808   Could the picture thing by google be in perchy 05/14/12 06:52:55 PM
#40807   Chloebware Charts are but one tool YES jim1234 05/14/12 06:51:32 PM
#40806   Charts are but one tool in a Toolbox! chloebware 05/14/12 06:48:38 PM
#40804   Charts do not lie Two Red Candle jim1234 05/14/12 06:47:06 PM
#40803   Nice to see the Clear Vision Airport TV Charlie48 05/14/12 06:45:39 PM
#40802   Looks like connectivision is doing some updating on Charlie48 05/14/12 06:42:52 PM
#40801   Shooting this weeks show at the new studio.... Badali 05/14/12 06:41:44 PM
#40800   This is what Concerns me. Here are the odds jim1234 05/14/12 06:33:43 PM
#40799   Might be true, but sent it in a perchy 05/14/12 06:28:52 PM
#40798   Check this link out. Talks about IC Places Cashmoney25in 05/14/12 06:18:02 PM
#40797   I'd bet Clear Vision does not want to Charlie48 05/14/12 06:12:53 PM
#40796   About Clear vision PR Badali 05/14/12 06:08:24 PM
#40795   Wow, now you tell me, just sent one perchy 05/14/12 06:08:15 PM
#40794   This is the key for the Clear vision partnership: Charlie48 05/14/12 06:05:14 PM
#40793   Strongly agree !!!!!! sith77 05/14/12 05:59:11 PM
#40792   That would be great , but en all sith77 05/14/12 05:57:14 PM
#40791   Where was Steve 4 hrs ago? Badali 05/14/12 05:55:28 PM
#40790   Nice Clear Vision fit for the IC Places shows: Charlie48 05/14/12 05:55:20 PM
#40789   I am not sure how much you are Badali 05/14/12 05:49:07 PM
#40788   I sent an email but more generic. ticket2mars 05/14/12 05:47:51 PM
#40787   scroll down slowly and read under 'WHO IS mgazel 05/14/12 05:46:07 PM
#40786   So, where did you buy your Magic 8 buckhunter102001 05/14/12 05:45:26 PM
#40785   Looks like Clear Vision changed their website: Charlie48 05/14/12 05:41:42 PM
#40784   Did you send an e-mail to clear vision perchy 05/14/12 05:37:11 PM
#40783   That happens the following Monday once we get chloebware 05/14/12 05:36:43 PM
#40782   nothing happens friday...no pr-- no run banderas63 05/14/12 05:28:34 PM
#40781   AH L2 in pinks otc is meaningless. rhythmguitar 05/14/12 05:09:46 PM
#40780   pink sheets and otcbb don't trade in afterhour rand0m 05/14/12 05:03:42 PM
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