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Imagination TV Inc. (IMTV)

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Last Post: 2/13/2016 6:58:41 PM - Followers: 507 - 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
#119702  Sticky Note TODAY'S 8k - Item 5.01 Changes in Control love your neighbor 01/11/16 04:51:25 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 MFI 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
#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
#120115   RUMOR is NOT a LIE--its a rumor! getmoreshares 02/01/16 07:46:56 PM
#120114   PROVE steve scamblis is NOT in charge! He getmoreshares 02/01/16 07:35:16 PM
#120112   OMG, is Steven M Samblis really Joseph S Sirriani? Milesblue42 02/01/16 06:37:27 PM
#120111   Where is the MyimaginationTV Facebook page? Milesblue42 02/01/16 06:28:46 PM
#120110   IMTV Steven Samblis Comedy......Huh?? Milesblue42 02/01/16 06:21:57 PM
#120109   WHY?? IMO next leg is a REVERSE SPLIT-History getmoreshares 02/01/16 05:50:44 PM
#120108   Next leg up coming !! mandrake1 02/01/16 05:46:23 PM
#120107   read the previous post again--trying to save you getmoreshares 01/31/16 03:58:38 PM
#120105   So OTHERS do not believe the LIES and getmoreshares 01/31/16 03:52:01 PM
#120103   Stay away from this POS-the CEO is a getmoreshares 01/30/16 05:01:20 PM
#120102   IMO--the writing is on the wall!! History shows--that getmoreshares 01/30/16 04:57:28 PM
#120101   R/S ? Making assumption or rumor ? mandrake1 01/30/16 04:31:16 PM
#120099   Hey STEVEE-When is the REVERSE SPLIT?????????????? getmoreshares 01/27/16 07:22:59 PM
#120098   Scamblis -hiding again- Reverse SPLIT -SOON IMO getmoreshares 01/26/16 06:08:15 PM
#120097   Kurt must of Told Him To :-D B402 01/22/16 06:30:29 PM
#120096   Looks like Steve took down tumbler as well: ronaldo1149 01/22/16 05:59:56 PM
#120095   Is Steven Samblis LYING about IMTV?? Milesblue42 01/22/16 04:17:59 PM
#120094   before the last REVERSE SPLIT--SS continually reported that getmoreshares 01/22/16 10:00:18 AM
#120093   Steven Samblis, ZERO mention of 2 R/S on Tumblr... Milesblue42 01/21/16 04:34:14 PM
#120092   Lol! stock_clerk 01/21/16 09:49:38 AM
#120091   NO BID--LOL-what a suprise!!! Way to go SS! getmoreshares 01/21/16 09:46:38 AM
#120090   LOL He is greatest and smartest guy in getmoreshares 01/20/16 04:53:16 PM
#120089   Notice Steven Samblis...ZERO Shareholder value mention.... Milesblue42 01/20/16 04:39:34 PM
#120088   Back to no bid again, this time it'll stock_clerk 01/20/16 03:21:58 PM
#120087   Reading through his Tumblr think he is a narcissist. Jsmooth37 01/20/16 02:04:59 PM
#120086   Love his rant about Larry. No duh Larrys Jsmooth37 01/20/16 02:02:36 PM
#120085   Any sign of up movement yet ? mandrake1 01/20/16 08:04:47 AM
#120084   Steven M Samblis long winded rant vs ZERO-SEC-Filings?? Milesblue42 01/19/16 07:03:46 PM
#120083   Will any volume send the PPS back to .0001? Milesblue42 01/19/16 11:04:20 AM
#120082   No Guesses needed...ZERO Shares traded Milesblue42 01/19/16 10:38:50 AM
#120080   :0 The only people that truly know have maynerd 01/18/16 10:50:36 PM
#120079   Are IMTV, EnvisionTV and FORTUNE ROAD MEDIA INC connected? Milesblue42 01/18/16 06:11:05 PM
#120077   Remember Scamblis Promising Collins the CEO Position B402 01/18/16 05:54:09 PM
#120076   The guesses are still coming in: love your neighbor 01/18/16 05:33:21 PM
#120075   Scamblis is a MASTER of deception! He may getmoreshares 01/18/16 05:31:28 PM
#120074   The comparison is the grand conspiracy to decieve. love your neighbor 01/18/16 05:05:50 PM
#120073   IMO Ridiculous Comparison.....Huh? Milesblue42 01/18/16 05:03:22 PM
#120072   I was in a stock once that was love your neighbor 01/18/16 03:52:31 PM
#120071   guessing is fun.... Milesblue42 01/18/16 03:20:47 PM
#120070   Even though I'm new to IMTV. These are love your neighbor 01/18/16 02:27:50 PM
#120069   Samblis guesses/opinions have been accurate since 2011 Milesblue42 01/18/16 02:16:42 PM