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Last Post: 10/2/2014 11:17:09 AM - Followers: 514 - 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: Imagination TV Partners With FilmOn to Launch the World's First Hosted Self-Help Television Network 09/30/2014 09:00:00 AM
PNCH News: Imagination TV Partners With FilmOn to Launch the World's First Hosted Self-Help Television Network 09/30/2014 09:00:00 AM
PNCH News: Quarterly Report (10-q) 09/12/2014 05:12:26 PM
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
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
#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
#46678   Boy, that would be great. Dont see it pikagd1 06/02/12 11:53:11 PM
#46677   I just had to say it.LOL johnydollar 06/02/12 11:44:43 PM
#46676   lol johnydollar is true jasield 06/02/12 11:43:33 PM
#46675   When you forget what you own you get johnydollar 06/02/12 11:41:34 PM
#46674   .10-.25 on Monday, and I will need adult Bman1 06/02/12 11:39:17 PM
#46673   If you give "x" value through dilution, buy tushiecomplete 06/02/12 11:35:04 PM
#46672   who let the dogs out, who, who. whoop tbrays 06/02/12 11:34:20 PM
#46671   no, he didn't, that was the same guy perchy 06/02/12 11:29:16 PM
#46670   i sure hope not. tbrays 06/02/12 11:20:26 PM
#46669   the new chart pattern formed is looking good imo Psionic Trader 06/02/12 11:06:02 PM
#46668   You can bet on some old familiar folks DRZ 06/02/12 10:59:38 PM
#46667   $ICPA, chart and opinion: http://blog.chartmystock.com/2012/06/02/icpa-ready-fo shankapotamus 06/02/12 10:58:08 PM
#46666   BrassOnes, I've been thinking of a reply to the Todoky 06/02/12 10:51:40 PM
#46665   Todoky, I like your attitude, lol. Pacman20 06/02/12 10:34:58 PM
#46664   Hi Bogatsvo. I just realized you are on DRZ 06/02/12 10:20:44 PM
#46663   Woo hoo!!! I have dish network!!! I'll be thelionwarrior 06/02/12 10:18:21 PM
#46662   No problem! Just trying to iron out the DRZ 06/02/12 10:17:31 PM
#46661   Thanks for clearing that up! I had to Todoky 06/02/12 10:16:39 PM
#46660   sorry about that john12341 06/02/12 10:10:02 PM
#46659   Hi John. We are talking Federal Income Tax DRZ 06/02/12 10:07:54 PM
#46658   Yup I held my nose and bought, thought General Grievous 06/02/12 09:43:25 PM
#46657   WOW !!! GUYS WE ARE IN THE MONEY !!! SLICRIC50 06/02/12 09:21:14 PM
#46656   this is for joey11 i have to post john12341 06/02/12 09:06:48 PM
#46655   I think you said it all there Joey. DRZ 06/02/12 08:53:13 PM
#46654   Thank you! All right if anyone is new DiamondFire 06/02/12 08:51:14 PM
#46653   Huge news this stock is going to explode!!! tjproperty 06/02/12 08:48:39 PM
#46652   DF, you know being a long is not joey11 06/02/12 08:44:46 PM
#46651   Glad to see all familiar faces :) This cowboys09 06/02/12 08:23:45 PM
#46650   You too Stock: love where our chart can DiamondFire 06/02/12 08:11:29 PM
#46649   I agree, year or so away from moving joey11 06/02/12 08:07:47 PM
#46648   Yes a warning to anyone new: summer month DiamondFire 06/02/12 08:05:49 PM
#46647   Good to see you around DF! Stocktologist 06/02/12 07:57:07 PM
#46646   Thank you my friend. Patience is key, especially Bogatstvo 06/02/12 07:55:57 PM
#46645   Thanks for chart Bogatstvo: RSI 55 = we DiamondFire 06/02/12 07:53:29 PM
#46644   If you sell for a loss and then Stocktologist 06/02/12 07:52:27 PM
#46643   ...well no Sticky cause its already outdated information. DiamondFire 06/02/12 07:48:17 PM
#46642   ICPA chart Bogatstvo 06/02/12 07:37:00 PM
#46641   that would be real nice but you never john12341 06/02/12 07:23:42 PM
#46640   You never know but next Friday, we should joey11 06/02/12 07:16:27 PM
#46639   You never know but next Friday, we should joey11 06/02/12 07:16:02 PM
#46638   This information is sticky worthy. sharklove 06/02/12 07:08:59 PM
#46637   i will be holding on thight hopefully we john12341 06/02/12 07:05:40 PM
#46636   DO NOT I DESERVR A STICKY FOR THIS :( mgazel 06/02/12 07:04:05 PM
#46635   #1 most read board w/ almost 70k on joey11 06/02/12 07:01:54 PM
#46634   punch-Launched on Wednesday, October 19, 2011, shortly after perchy 06/02/12 06:57:54 PM
#46633   Maybe from this ICPA PR? Rich 06/02/12 06:49:30 PM
#46632   this is the kind of news we need john12341 06/02/12 06:47:31 PM
#46631   THIS WILL MAKE YOU ALL HAPPY.... mgazel 06/02/12 06:32:25 PM
#46630   I read somewhere that Punch is on the DISH. Ray Bob 06/02/12 06:22:10 PM
#46629   LMAO! Kinda loses something in translation! Diane1 06/02/12 05:51:28 PM
PostSubject