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Imagination TV Inc. (IMTV)

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Last Post: 5/22/2015 4:35:16 PM - Followers: 507 - Board type: Free - Posts Today: 0

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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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#119000  Sticky Note I think Steve Samblis is-afraid-of-The-Securities and Exchange Commission [/b Milesblue42 05/15/15 07:11:33 PM
#118676  Sticky Note IMTV - Analysis / Targets trader53 05/13/15 07:09:23 AM
#118161  Sticky Note "Posting press from 2 and 3 years ago hhi3 02/16/15 03:06:44 PM
#118146  Sticky Note STEVESAMBLIS.COM and ASHER ENTERPRISES,,,,Must Reads B402 02/16/15 12:23:48 AM
#115577  Sticky Note A MUST READ! The CEO is a complete buyinit 06/04/14 08:32:26 PM
#105894  Sticky Note Posting comments that appear to be a threat IH Admin [Dan] 06/20/13 11:12:26 AM
#119043   look like SS needed some BEER money for getmoreshares 05/22/15 04:35:16 PM
#119042   Did you mean .0001? graydave 05/22/15 04:32:46 PM
#119041   0.0003 Goodwills 05/22/15 03:47:14 PM
#119040   LMAO... .00000000622222 = Next Stop! maynerd 05/21/15 02:36:31 PM
#119039   Whew. Thought you were crazy there for a graydave 05/21/15 11:38:29 AM
#119038   Yes, I agree. IMO it will happen with graydave 05/21/15 11:37:09 AM
#119036   Did you mean .000062? Milesblue42 05/21/15 11:34:09 AM
#119035   Yes loking to close the gap min today Traderlife 05/21/15 11:18:37 AM
#119034   I do owe SS a big thank you hhi3 05/20/15 01:46:43 PM
#119032   He had a huge following and massive posts. graydave 05/20/15 11:27:13 AM
#119031   no-do not believe so--he was just smarter and getmoreshares 05/20/15 11:08:58 AM
#119030   Steve and Perchy had something going together... Maybe maynerd 05/20/15 10:32:35 AM
#119029   Yes, the whole thing was and continues to graydave 05/20/15 09:09:31 AM
#119028   I'm guessing our old friend Perchy, whoever he hhi3 05/20/15 08:31:16 AM
#119027   LOL! I think we all know but we're Diane1 05/19/15 07:50:54 PM
#119026   Sure--but if there are NO ASSETS-why bother! getmoreshares 05/19/15 07:05:16 PM
#119025   Why is Steve Samblis still doing articles? Milesblue42 05/19/15 07:00:50 PM
#119024   Could Asher file a Lawsuit against Steve Samblis? Milesblue42 05/19/15 06:57:14 PM
#119023   they will get their $$$$ IMO Asher financing getmoreshares 05/19/15 06:49:32 PM
#119022   What is the worst case Samblis scenario? Milesblue42 05/19/15 06:43:12 PM
#119021   The last resort-Asher-has failed--way to go SS-we will getmoreshares 05/19/15 04:40:51 PM
#119020   Dawg, what is the Share structure? Milesblue42 05/19/15 01:01:57 PM
#119019   Steve Samblis needs Equity financing for what?? Milesblue42 05/19/15 12:30:39 PM
#119018   It s going to move down soon, after Stock8049 05/19/15 07:08:17 AM
#119017   No-about 8.5M and three trades. getmoreshares 05/18/15 06:41:47 PM
#119016   Right on, I only see that 5 shares seth_davis 05/18/15 06:38:05 PM
#119015   NO-check the trade data--it is listed above in getmoreshares 05/18/15 06:31:03 PM
#119014   what 5 digit trade? Looks like all 0002 seth_davis 05/18/15 06:28:55 PM
#119013   Asher or SS was at it today 5 getmoreshares 05/18/15 05:49:49 PM
#119012   Some might call it dilution. Just saying. graydave 05/18/15 04:24:14 PM
#119011   What happened to the IMTV Price Targets? lolllllz Milesblue42 05/18/15 04:15:36 PM
#119010   What's up baby! Just shake it! gain gain Goodwills 05/18/15 02:30:34 PM
#119007   Looks like you are not alone. People are graydave 05/18/15 10:39:37 AM
#119006   I'M OUT I JUST SOLD 700,000@2.I HEAR TO VEGAS BABY 05/18/15 09:39:06 AM
#119005   A CEO-Time-buying-share-selling-excuse? Huh?? Milesblue42 05/17/15 09:06:34 PM
#119004   Experienced traders don't pay attention to what I graydave 05/17/15 06:59:43 PM
#119003   only several Thousands to choose from. whats the JacksonDawg 05/17/15 01:44:38 PM
#119002   He should be--IMO the last RS was a getmoreshares 05/16/15 07:09:05 PM
#119001   Same song.....hmmm...which verse is this now??????? UNREAL!!!!! Diane1 05/16/15 05:29:52 PM
#119000   I think Steve Samblis is-afraid-of-The-Securities and Exchange Commission [/b Milesblue42 05/15/15 07:11:33 PM
#118999   Yes, how can you ever be considered to graydave 05/15/15 06:13:26 PM
#118998   If ZERO-Revenue....could be something else....IMO Milesblue42 05/15/15 05:49:15 PM
#118997   I think the one that is really going graydave 05/15/15 05:13:02 PM
#118996   No RUNWAY-Deal-SEC8K..NEVER-HAPPENED Milesblue42 05/15/15 03:51:09 PM
#118995   wait until the eod-betting we will see a getmoreshares 05/15/15 03:30:52 PM
#118994   Probably more like other way around LMAO Runway ronaldo1149 05/15/15 02:40:07 PM
#118992   Anyone with money to burn this is the caku 05/15/15 01:09:32 PM
#118990   CEO Samblis afraid to release SEC-10Q? LOL Milesblue42 05/15/15 11:43:59 AM
#118988   THANKS FOR THAT, I WANT TO GET OUT VEGAS BABY 05/15/15 10:36:26 AM