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IC Places Inc. (PNCHD)

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Last Post: 4/20/2014 7:10:57 AM - Followers: 512 - Board type: Free - Posts Today: 2
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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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iHub Admin

Welcome to IC Places




IC Punch Media (Official Fan of Punch Tv)



1211 Orange Ave Suite 300
Winter Park, FL 32789

Phone: (407) 442-0309



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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#113099  Sticky Note R/S 1/100 ilovethedough 03/26/14 04:27:45 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
#113462   Not for much longer. Dilution is coming buyinit 04/20/14 07:10:57 AM
#113461   The Float for PNCHD is 20.7 million according eagleup 04/20/14 05:35:45 AM
#113460   Meanwhile Steve still isn't addressing Revenue questions.... Milesblue42 04/19/14 11:20:42 PM
#113459   Hey Steve, say hi to Bernie when you hhi3 04/19/14 10:36:13 PM
#113458   Back to 2012 pump?? shame .. stop it mgazel 04/19/14 07:58:33 PM
#113457   :-D B402 04/19/14 06:39:27 PM
#113456   YES I know just humoring him! ronaldo1149 04/19/14 06:38:44 PM
#113455   so please ask your boss!!,,,,You just Did :-D B402 04/19/14 06:31:26 PM
#113454   You can Dump a Billion of Your Shares B402 04/19/14 06:28:19 PM
#113453   Also curious how the OS increased about this:Number ronaldo1149 04/19/14 06:27:18 PM
#113452   Intellectual properties?????? Thats like calling me playing golf hhi3 04/19/14 06:16:57 PM
#113451   Why wasn't that included in the 10k or ronaldo1149 04/19/14 06:08:09 PM
#113450   IC Places CEO has retained the services of HollywoodFastLane 04/19/14 05:03:24 PM
#113449   Interesting timing by the company IMO........ Milesblue42 04/19/14 03:51:49 PM
#113448   Is this in Steve's recent 10Q? Milesblue42 04/19/14 03:39:18 PM
#113447   There is really nothing else to say other buyinit 04/19/14 02:36:56 PM
#113446   My guess is that like most of the hhi3 04/19/14 02:30:28 PM
#113445   BWAHAHA Hows that working out?? charlina 04/19/14 02:10:52 PM
#113444   What??? Lol I am at a loser for buyinit 04/19/14 02:03:16 PM
#113443   Lets review the FACTS: getmoreshares 04/19/14 01:43:58 PM
#113442   I was a believer back then. And I maynerd 04/19/14 01:26:13 PM
#113441  Restored IC Places CEO has retained the services of HollywoodFastLane 04/19/14 12:57:48 PM
#113440   Just my opinion,but I believe that the content ronaldo1149 04/19/14 08:31:29 AM
#113439   Did Steve purposely mislead-investors-about-the-ClearChannel-Deal? Milesblue42 04/19/14 07:24:30 AM
#113438   He changed his iHub name... Steve Samblis... Nitwit 04/18/14 10:05:04 PM
#113437   People probably said same thing about ICPA... Nitwit 04/18/14 09:40:02 PM
#113436   .0082 +60.78% Volume: 361,631 Thursday... people still buyin' Nitwit 04/18/14 09:16:50 PM
#113435   maynerd since you had to ridicule me and Dontblink 04/18/14 07:33:50 PM
#113434   there is not going to be much of rooscogburn 04/18/14 05:58:09 PM
#113433   Don't need shorters when you have massive dilution coming. buyinit 04/18/14 05:31:30 PM
#113432   LMAO... Did you go to Steve's Self Help Center? maynerd 04/18/14 05:27:59 PM
#113431   NO PUMP is that good--do not buy-get out getmoreshares 04/18/14 04:54:31 PM
#113430   Well, remember that there are over 450 million buyinit 04/18/14 04:09:49 PM
#113429   graydave, I'm not trying to give him a Dontblink 04/18/14 03:49:31 PM
#113428   Wise words and I agree with them, but graydave 04/18/14 10:15:08 AM
#113427   You are so right on that we all thebuck7 04/18/14 09:01:29 AM
#113426   Miles, I'm just being honest, sorry if that Dontblink 04/18/14 08:57:55 AM
#113425   And the reason for seeking .07 is....? LOL Milesblue42 04/17/14 09:02:04 PM
#113424   What is Steve Samblis doing right now.....? Milesblue42 04/17/14 08:58:04 PM
#113423   Buying a share of this stock has such buyinit 04/17/14 08:51:18 PM
#113422   law suit against a sub penny stock CEO, Dontblink 04/17/14 08:51:07 PM
#113421   Should Investors file-a-Class-Action-suit-against-Steve Samblis? Milesblue42 04/17/14 08:48:13 PM
#113420   The reason I asked was .07 is my Dontblink 04/17/14 08:47:01 PM
#113419   LOL. I would need it to go to graydave 04/17/14 08:41:14 PM
#113418   How...we..doing..Revenue..Answer...wise? I am not Steve. Milesblue42 04/17/14 08:34:43 PM
#113417   .07 won't mean SH!t to most peeps already Bear1 04/17/14 07:35:05 PM
#113416   getmore...think this has any chance of hitting .07 Dontblink 04/17/14 06:32:28 PM
#113415   LOL-1 share. Pink listing IF we do not getmoreshares 04/17/14 05:27:35 PM
#113414   Bid .0015 Hehehe Looks like PNCH will be a pink buyinit 04/17/14 03:43:40 PM
#113413   GREAT !!! All I need is another .15 Bear1 04/17/14 02:58:38 PM