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Imagination TV Inc. (IMTV)

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Last Post: 5/1/2016 7:14:06 PM - Followers: 499 - Board type: Free - Posts Today: 0






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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#120112  Sticky Note OMG, is Steven M Samblis really Joseph S Sirriani? Milesblue42 02/01/16 06:37:27 PM
#118146  Sticky Note STEVESAMBLIS.COM and ASHER ENTERPRISES,,,,Must Reads B402 02/16/15 12:23:48 AM
#105894  Sticky Note Posting comments that appear to be a threat IH Admin [Dan] 06/20/13 11:12:26 AM
#120167   Market been sucking lately, family insane as usual sharky 05/01/16 07:14:06 PM
#120166   Was just looking into what Steve's latest big sgunderbarth 05/01/16 02:03:16 AM
#120165 Why is Steven M Milesblue42 04/25/16 11:40:56 AM
#120164   He is hiding--not fooling anyone. getmoreshares 04/21/16 05:46:00 PM
#120163   were do you see steve samblis name here john12341 04/21/16 05:31:24 PM
#120161   Such "hate 'in" on Mr. Samlis on this FORTY-8 04/12/16 04:32:44 PM
#120160   the answer is the 0.0001/pps darkodonnie 04/09/16 06:11:50 AM
#120159   LOL-guess the "new CEO" BS did not work---LOL getmoreshares 04/08/16 06:04:32 PM
#120158   Is Steven M Samblis a Con Artist? Milesblue42 04/05/16 12:21:18 PM
#120157   your kidding right?????? darkodonnie 04/02/16 10:24:33 PM
#120156   Is Steven M Samblis Siphoning Investor's funds? Milesblue42 03/30/16 12:35:41 PM
#120155   Reverse split; then short!!!! And make $$$ Stock8049 03/22/16 02:13:05 PM
#120154   Lol 1 hab Charlie48 03/10/16 12:42:12 PM
#120153   Did Steven M Samblis TAKE Investors funds? Milesblue42 03/09/16 09:26:10 AM
#120152   could NOT confirm your post! Can you link getmoreshares 03/08/16 04:27:19 PM
#120151   Fortune Road Media, Inc. is a Mr. Steven B402 03/07/16 09:05:16 PM
#120150   ICPA was a long time ago..... sharky 03/06/16 10:17:18 PM
#120149   Got in on the last 8k. No follow love your neighbor 03/06/16 10:16:23 PM
#120148   Miss when he was on the up & sharky 03/06/16 10:13:43 PM
#120147   Scambliss performing an RS would be sweet relief love your neighbor 03/06/16 10:11:46 PM
#120146   DD-copy of a letter:Well folks… it’s been a getmoreshares 03/06/16 04:16:10 PM
#120145   Wish it was tomorrow. An r/s would be love your neighbor 03/02/16 05:46:11 PM
#120144   WHEN will this reverse split???????? getmoreshares 03/02/16 04:58:19 PM
#120143   Steve scamblis PLUTUS 02/25/16 08:46:00 PM
#120142   Look at his history--told shareholders REPEATEDLY-no reverse--then did getmoreshares 02/18/16 08:11:36 PM
#120140   check this out--no mention of the "new" CEO--and getmoreshares 02/18/16 05:05:47 PM
#120139   Did Larry put the SMACKDOWN on Steve Samblis? Milesblue42 02/18/16 04:07:46 PM
#120138   here on steve samblis john12341 02/18/16 03:28:00 PM
#120137   Was there any PR or filing for that ? mandrake1 02/18/16 07:11:05 AM
#120136   we are waiting for ANOTHER REVERSE SPLIT! IMO getmoreshares 02/17/16 06:52:08 PM
#120135   What's happening here ? mandrake1 02/17/16 06:45:22 PM
#120134   Post RS Sale of a Past Investor who once B402 02/17/16 02:50:43 PM
#120133   See that 37 share sell at 11:11 for stock_clerk 02/17/16 12:01:16 PM
#120132   Does Steven-M-Samblis-have-any-prior-SEC-Violations? Milesblue42 02/17/16 09:31:47 AM
#120131   Scambliss tricked my with the fake guy in love your neighbor 02/15/16 05:11:19 PM
#120130   Thats why most of us post here--to CAUTION others! getmoreshares 02/15/16 05:08:41 PM
#120129   There is nothing to like currently. No bid. love your neighbor 02/15/16 05:00:24 PM
#120128   Capital Change=shs decreased by 1 for 300 split. Ex-date=10/20/2014. getmoreshares 02/15/16 04:58:30 PM
#120127   2007 is only 9 years ago- do you love your neighbor 02/15/16 11:25:07 AM
#120126   Security Notes getmoreshares 02/15/16 10:41:12 AM
#120125   Get out of your condo and get this love your neighbor 02/14/16 09:17:01 PM
#120124   NO BID--does that surprise anyone???? getmoreshares 02/13/16 06:58:41 PM
#120123   these are still my 7- no, make that love your neighbor 02/06/16 07:36:14 PM
#120122   REVERSE SPLIT HISTORY-No revenue-except share selling! getmoreshares 02/06/16 06:02:16 PM
#120121   Capital Change=shs decreased by 1 for 10 split getmoreshares 02/06/16 12:00:00 AM
#120120   IMTV Security Details getmoreshares 02/05/16 06:41:42 PM
#120119   Hey SS--when is the REVERSE SPLIT????? getmoreshares 02/04/16 04:44:02 PM
#120118   Still no bid. Lol PLUTUS 02/03/16 12:28:29 PM
#120117   No rebuttal?? getmoreshares 02/01/16 07:57:27 PM
#120116   REVERSE SPLIT will be happening soon-MARK THIS POST-IMO getmoreshares 02/01/16 07:47:50 PM