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Imagination TV Inc. (IMTV)

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Last Post: 11/20/2014 5:11:31 PM - Followers: 506 - Board type: Free - Posts Today: 17

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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.

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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
#117708   Was due yesterday. It's such a disaster buyinit 11/20/14 05:11:31 PM
#117707   Did Steve maliciously deceive the Market with Radio-Interviews? Milesblue42 11/20/14 05:09:14 PM
#117706   LOL... You would think he has some revenues maynerd 11/20/14 04:26:19 PM
#117705   And no 10q as yet didn't he have ronaldo1149 11/20/14 04:19:04 PM
#117704   Hey Steve, only .60 cents of worthless stock maynerd 11/20/14 03:55:39 PM
#117703   Hey Sun; You sure have a strong opinion, hhi3 11/20/14 02:38:32 PM
#117702   Say what you want but Collins did more thelionwarrior 11/20/14 12:29:11 PM
#117701   Yeah, Samblis the "virtuous one" can't have people tradewin 11/20/14 12:04:42 PM
#117698   Samblis the scum bag trying to play people buyinit 11/20/14 10:11:41 AM
#117697   How would I be able to provide a link? SunTzueyes 11/20/14 10:10:19 AM
#117696   Steve Sambilis is the biggest scum bag around. buyinit 11/20/14 09:42:19 AM
#117694   Please provide link to restored April 2012 Radio Milesblue42 11/20/14 01:23:44 AM
#117693   Sun, ZERO Proof Joseph was fired Ha Ha Milesblue42 11/20/14 01:21:23 AM
#117692   Is it as simple as Steavies wafting turd DocDiggler 11/20/14 12:17:52 AM
#117691   Collins was fired for lying at the up SunTzueyes 11/19/14 09:07:44 PM
#117690   Looks like someone put a turd in a DocDiggler 11/19/14 06:46:31 PM
#117689   PNCHD changed to IMTV: Renee 11/19/14 06:45:57 PM
#117688   Well technically Punch was making progress and looked thelionwarrior 11/19/14 06:24:56 PM
#117687   ***STT Radio $ICPA CEO Interview 04/29/2012*** Milesblue42 11/19/14 05:30:50 PM
#117686   CEO Steven Samblis Exclusive Interview on StockTradersTalk Radio Milesblue42 11/19/14 05:21:12 PM
#117685   Steve Samblis dare not restore the Radio interviews? Milesblue42 11/19/14 05:13:53 PM
#117684   Good job Scamblis, the old double reverse split tradewin 11/19/14 03:21:48 PM
#117683   Steve attacking shareholders again? He he. buyinit 11/19/14 03:09:50 PM
#117680   Of course you didn't, the interview was deleted. hhi3 11/19/14 01:45:57 PM
#117679   So did PUNCH TV look amazing, so did hhi3 11/19/14 01:44:16 PM
#117678   How come we don't see Scamblis interviewing actors maynerd 11/19/14 12:03:22 PM
#117677   HollywoodFastLane Tuesday, 11/19/13 09:24:13 PM ronaldo1149 11/19/14 12:00:00 PM
#117676   I have never heard of that... iambadbert 11/19/14 10:56:06 AM
#117675   Holy shiznit Samblis -48% tradewin 11/19/14 10:45:59 AM
#117674   Is Steven Samblis a racist ? getmoreshares 11/19/14 10:19:36 AM
#117673   You know dilution is coming when you see buyinit 11/19/14 10:06:00 AM
#117672   Gotta say Steve lookin real good here,when is ronaldo1149 11/19/14 10:04:43 AM
#117671   Here comes more dilution. Got to buyinit 11/19/14 10:00:14 AM
#117670   Ya know when it comes right down to Brad S 11/19/14 08:10:10 AM
#117669   Steve the scum bag will say and do buyinit 11/19/14 07:46:03 AM
#117668   I tried once for both, once too many!Whatever ronaldo1149 11/19/14 07:24:12 AM
#117667   Better try again because they both work fine. SunTzueyes 11/19/14 06:36:42 AM
#117666   As Does This One! ronaldo1149 11/19/14 06:22:28 AM
#117665   The network is at Looks amazing! ronaldo1149 11/19/14 06:15:33 AM
#117664   Is Steve returning money made from PunchTV Deal? Milesblue42 11/18/14 11:20:52 PM
#117663   Steve's excuses not working with his Financiers? Milesblue42 11/18/14 11:10:43 PM
#117662   Scamblis is a POFS LIAR. PLUTUS 11/18/14 10:40:46 PM
#117661   Cant believe this POS is still trading, why jeagerboy 11/18/14 10:29:45 PM
#117660   Howard J Messer is the puppet master with SunTzueyes 11/18/14 10:20:32 PM
#117659   I never heard that. SunTzueyes 11/18/14 10:17:30 PM
#117658   The network is at Looks amazing! SunTzueyes 11/18/14 10:14:07 PM
#117657   No one to sells shares to anymore, his tradewin 11/18/14 06:45:25 PM
#117656   Steven Samblis too afraid to restore the Radio Interview?? Milesblue42 11/18/14 06:40:52 PM
#117655   Could the SEC nab Howard Messer also? Milesblue42 11/18/14 06:15:58 PM
#117654   Check the 52 week range--It has SCAM written getmoreshares 11/18/14 05:46:51 PM