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Imagination TV Inc. (PNCHD)

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Last Post: 10/24/2014 9:46:53 PM - Followers: 509 - Board type: Free - Posts Today: 0

Attention board moderators:


Pursuant to a sworn Notice of Copyright Infringement Claim filed by Steven Samblis, CEO/Chairman of IC Punch Media, Inc., certain images and text previously placed in this Intro Message by board moderators have been removed since they were claimed to be infringements of others' intellectual property rights.

Please do not replace this content or other content without first ensuring that it does not infringe upon the property rights of others or that it is permitted as Fair Use. It is typically acceptable to use a thumbnail, summary or synopsys of such information for the purposes of commentary or analysis, but it should not be copied en masse without the prior permission of the owner.

Thank you for your cooperation.

iHub Admins


*********CAUTION*********


DO NOT BUY THIS TICKER

SHARE SELLING SCAM

 

 
***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: IC Places, Inc. Changes Name to Imagination TV, Inc. 10/17/2014 04:26:00 PM
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
PostSubject
#117283  Sticky Note PNCH has now done 4 reverse splits in buyinit 10/19/14 07:42:50 AM
#116638  Sticky Note Added a bunch .0011 today-- awesome buys---- going PETRICH 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
#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
#117337   F Scamblis... like we did on da Nitwit 10/24/14 09:46:53 PM
#117336   I hope for the day they lock this ajd 10/24/14 08:59:55 PM
#117335   Dreamers and hopers. Clearly they don't read this board. PLUTUS 10/24/14 08:48:16 PM
#117334   Steve Scamblis keeps scamming people... Nitwit 10/24/14 08:46:38 PM
#117333   Steve Scamblis PNCHD... why would anyone keep buyin' Nitwit 10/24/14 08:42:45 PM
#117332   I actually emailed him and below is what hhi3 10/24/14 05:42:54 PM
#117331   Dude... Where you been? You are just now maynerd 10/24/14 04:55:37 PM
#117330   And there it is. Sub penny again. WEEEEEEEEEEEEEEEEEEEEEEE PLUTUS 10/24/14 04:08:49 PM
#117328   NO & YES graydave 10/24/14 12:02:27 PM
#117327   Has anyone here spoken to Mr. Samblis lately? erodriguez 10/24/14 11:34:44 AM
#117326   Thanks Ronaldo. was on my way to erodriguez 10/24/14 11:28:54 AM
#117325   United States ronaldo1149 10/24/14 11:25:45 AM
#117324   Anybody have a current address for this company erodriguez 10/24/14 11:23:57 AM
#117323   IC Places is a trans-media entertainment simplex tradewin 10/24/14 11:22:12 AM
#117322   I cannot find Steven Samblis number. someone erodriguez 10/24/14 11:18:25 AM
#117321   .0062 now!! ronaldo1149 10/24/14 11:13:55 AM
#117320   Mr. Samblis you will want to speak to erodriguez 10/24/14 11:13:03 AM
#117319   I think it meant to say Charlie48 10/24/14 11:05:59 AM
#117318   Anybody have a phone number i can reach erodriguez 10/24/14 11:02:39 AM
#117317   IC Places now known as imagnation TV meadow2009 10/24/14 10:15:22 AM
#117316   "IC Places is a trans-media entertainment complex that hhi3 10/24/14 09:54:30 AM
#117315   I had 9,000,000, rs to 90,000, rs to hhi3 10/23/14 08:01:47 PM
#117314   .01 already. LMFAO PLUTUS 10/23/14 03:58:28 PM
#117313   What makes you think he cares meadow2009 10/23/14 02:18:52 PM
#117312   Tell me about it. I had 800,000 shares graydave 10/23/14 12:59:32 PM
#117311   boy has this been a sh(t ride have rl44 10/23/14 12:51:45 PM
#117310   PNCHD Security Details ronaldo1149 10/23/14 10:41:30 AM
#117309   So true!!!!! How is he not Penny Naive 10/23/14 10:04:32 AM
#117308   He needs to keep the stock at meadow2009 10/22/14 09:34:53 AM
#117307   Classic rinse and repeat. He weeded all of hhi3 10/22/14 08:40:20 AM
#117306   At $50.00 a share I would still be graydave 10/21/14 09:15:28 PM
#117305   When the share price gets to $50.00 I'll hhi3 10/21/14 08:13:54 PM
#117304   If course when anyone Googles Steve Samblis or graydave 10/21/14 07:12:55 PM
#117303   As soon as the D comes off the graydave 10/21/14 07:10:13 PM
#117302   This whole thing has become a joke. Reverse hhi3 10/21/14 06:06:46 PM
#117301   Whatever happened to other network?You know Drivein tv! ronaldo1149 10/21/14 05:00:04 PM
#117300   Forgive me if my math is wrong. meadow2009 10/21/14 03:03:29 PM
#117299   Is SS part of a FBI sting operation? StockdungU 10/21/14 10:04:57 AM
#117298   "the launch of the first hosted self-help television network" StockdungU 10/21/14 09:55:49 AM
#117297   He has earned it. hhi3 10/20/14 08:20:17 PM
#117296   IMO it is a SEC setup-they will prosecute SS. getmoreshares 10/20/14 05:39:35 PM
#117295   I'm sure there are other CEOs of these hhi3 10/20/14 03:19:17 PM
#117294   with 500 shares left I cant afford to rl44 10/20/14 02:37:47 PM
#117293   It does not matter meadow2009 10/20/14 10:05:33 AM
#117292   That is an amazing post. Shows what an PLUTUS 10/19/14 10:28:00 PM
#117291   If you had $10,000 worth of stock 2 Charlie48 10/19/14 05:11:18 PM
#117290   IMO next Steve Samblis R/S Spring 2015....or sooner? Milesblue42 10/19/14 11:31:02 AM
#117289   Name Change to make Samblis DD more challenging? Milesblue42 10/19/14 11:22:26 AM
#117288   And to think...at one time I truly believed Diane1 10/19/14 10:44:52 AM
#117287   OMG! Another reverse spit...seriously!! Diane1 10/19/14 10:42:48 AM
PostSubject