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Imagination TV Inc. (IMTV)

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Last Post: 12/17/2014 3:05:41 PM - Followers: 502 - 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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PNCH News: Imagination TV, Inc. Retains Legal Counsel to Demand Accounting From ClearVision Airport Television Network 11/05/2014 08:47:00 PM
PNCH News: Imagination TV, Inc. Retains Legal Counsel to Demand Accounting From ClearVision Airport Television Network 11/05/2014 07:29:00 PM
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
#117566  Sticky Note ***Did Steve Samblis-destroy-ClearChannel-radio-interview-evidence?*** Milesblue42 11/17/14 05:41:58 AM
#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
#117777   It's going to the very same place that FORTY-8 12/17/14 03:05:41 PM
#117776   ****What's Steve backup-plan-for-a-smarter/wiser-2014-Market?**** Milesblue42 12/14/14 05:56:52 PM
#117775   ICPA/PNCH/IMTV Falling apart AFTER Joseph Collins departure? Milesblue42 12/14/14 05:46:38 PM
#117774   yep--the lies continue--but peeps are SMARTER. Fool me getmoreshares 12/14/14 05:41:26 PM
#117773   Are Steven Samblis's 2012 tactics FAILING in 2014? Milesblue42 12/14/14 05:34:45 PM
#117772   erodriguez, please provide restored 2012-april-radio-interview link Milesblue42 12/14/14 05:28:44 PM
#117771   LMFAO... You have got to be kidding ....!!! maynerd 12/12/14 10:59:04 PM
#117770   Please to show anybody where mr samblis has charlina 12/12/14 12:20:04 PM
#117769   What happened since than? Do not trust steve Samblis . At buyinit 12/12/14 12:17:55 PM
#117768   You are of course entitled to your opinion. graydave 12/12/14 12:15:54 PM
#117766   That is the most ridiculous thing I have buyinit 12/12/14 11:18:08 AM
#117765   That opinion has cost many people a great hhi3 12/12/14 11:14:17 AM
#117764   I cannot and will not say anything bad erodriguez 12/12/14 10:47:08 AM
#117763   Totally agree. How sad that someone whould put graydave 12/12/14 10:19:25 AM
#117762   If you had seen your 9,000,000 shares turn hhi3 12/12/14 10:05:43 AM
#117761   I would like to retract my previous statement erodriguez 12/12/14 02:50:04 AM
#117760   Hi Joe. What made you think he erodriguez 12/12/14 12:29:09 AM
#117759   Hope so. He sure is deserving buyinit 12/11/14 07:31:46 AM
#117758   Is Steve Samblis in jail ? Joeschmo_num1 12/10/14 11:30:55 PM
#117757   Steve has already been acquisitioning shareholders money for maynerd 12/07/14 01:31:16 PM
#117756   An ACQUISITION is enroute! FORTY-8 12/06/14 04:06:23 PM
#117752   I see some TAX selling!!! getmoreshares 12/05/14 12:44:25 PM
#117751   Looks like there's about as much interest here hhi3 12/04/14 08:58:18 AM
#117750   So uh, when do you guess the next DocDiggler 11/29/14 01:09:35 AM
#117749   Steve Samblis where is the April 2012 Radio interview? Milesblue42 11/28/14 10:51:07 AM
#117748   CEO Steve running out of scapegoats? Milesblue42 11/28/14 10:11:11 AM
#117747   A very Happy Thanksgiving to everybody here and erodriguez 11/26/14 03:42:26 PM
#117746   Probably no Q meadow2009 11/26/14 08:35:48 AM
#117745   How many times is Scamblis going to make tradewin 11/25/14 06:34:23 PM
#117744   Steve worried more about Larry than productivity/Revenue? Milesblue42 11/25/14 06:15:27 PM
#117743   we are headed to TRIPLE ZERO"S AGAIN-way to getmoreshares 11/25/14 06:03:33 PM
#117742   I hope Larry wins. He is my hero! graydave 11/25/14 05:53:27 PM
#117741   Walls closing in around Steven Samblis? Milesblue42 11/25/14 05:53:25 PM
#117740   Useless information-time-buying-CEO distractions IMO Milesblue42 11/25/14 05:35:36 PM
#117739   My friend found this on Facebook: We erodriguez 11/25/14 04:49:57 PM
#117738   Why file a Q when dilution is free cash? PLUTUS 11/25/14 03:44:26 PM
#117737   Kinda cloudy here haven't seen the Sun in ronaldo1149 11/25/14 10:39:27 AM
#117736   Still no Q: ronaldo1149 11/25/14 10:36:10 AM
#117735   What part did Howard Messer play in 2012? Milesblue42 11/25/14 04:19:50 AM
#117734   The CEO is posting here almost every day. graydave 11/24/14 08:43:39 PM
#117733   Who are the insiders? meadow2009 11/24/14 06:38:34 PM
#117732   IMO only Company Insiders/CEO believes this... Milesblue42 11/24/14 06:03:45 PM
#117731   Samblis you're a hack. tradewin 11/24/14 03:41:27 PM
#117730   Another paid promo is on it way. buyinit 11/24/14 02:36:00 PM
#117729   Lol- come on man. Asher will buyinit 11/24/14 09:29:12 AM
#117728   Who has any shares left after all the graydave 11/24/14 08:03:56 AM
#117727   Appears that there are many things in the erodriguez 11/24/14 07:49:28 AM
#117726   8K-A Will someone send the Chairman a calendar. meadow2009 11/23/14 10:10:22 PM
#117725   WHEN is the next REVERSE SPLIT!!!!!!!????? getmoreshares 11/23/14 06:04:18 PM
#117724   Description of SS: getmoreshares 11/23/14 05:42:28 PM