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IC Places Inc. (PNCH)

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Last Post: 4/25/2014 12:12:10 AM - Followers: 510 - Board type: Free - Posts Today: 1
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.

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iHub Admin

Welcome to IC Places



Website:    www.icplaces.com

IC Punch Media

Punchtv.net (Official Fan of Punch Tv)


Twitter:      twitter.com/icplaces

Facebook: https://www.facebook.com/icPunchMedia?fref=ts


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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PNCH News: IC Places Signs Reed's as First Launch Sponsor of Imagine TV 04/24/2014 06:59:00 AM
PNCH News: IC Places Signs Reed's as First Launch-Sponsor of the Imagine TV 04/24/2014 06:34:00 AM
News News Alert: IC Places Signs Reed's as First Launch Sponsor of Imagine TV 04/24/2014 06:59:00 AM
#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
#113617   Just shutup would ya! Enough is enough Steve. Rich 04/25/14 12:12:10 AM
#113616   I guess this is where you come to OGINVU 04/24/14 09:50:06 PM
#113615   Bingo! He reversed it, so he can buyinit 04/24/14 07:53:07 PM
#113614   If you r/s to get the stock above DocDiggler 04/24/14 07:08:00 PM
#113613   http://www.youtube.com/watch?v=HcukblrGhxs ronaldo1149 04/24/14 06:48:17 PM
#113612   Mr.S self funded,,,Stevie You Funded B402 04/24/14 06:09:52 PM
#113611   Well PNCH is a complete POFS which is iambadbert 04/24/14 06:03:29 PM
#113610   hey bert....I come home from work and read OGINVU 04/24/14 06:01:58 PM
#113609   Nice work and yes Stevo always compares to apple... iambadbert 04/24/14 05:56:51 PM
#113608   Another false post based on total lack on OGINVU 04/24/14 05:53:39 PM
#113607   What's just amazes me is the CEO already buyinit 04/24/14 05:51:36 PM
#113606   Stevie uses this stock to line his own buyinit 04/24/14 05:50:10 PM
#113605   ***What happened to Steve's-Stock-Trader-Talk interviews?**** Milesblue42 04/24/14 05:47:56 PM
#113604   Was the D removed afterhours???? getmoreshares 04/24/14 05:45:28 PM
#113603   Steve released this Press Release 589 Days ago.... Milesblue42 04/24/14 05:42:50 PM
#113602   That's because no contract exist. SCAM PLUTUS 04/24/14 05:40:42 PM
#113601   Steve, every word you posted in the past PLUTUS 04/24/14 05:38:56 PM
#113600   Nothing!!! It's the same song and dance! buyinit 04/24/14 05:36:50 PM
#113599   Wow! That is all complete BS. buyinit 04/24/14 05:36:25 PM
#113598   Would you please stop spreading False information IMO Milesblue42 04/24/14 05:33:51 PM
#113597   Where did Steve's funds come from Hollywood? Milesblue42 04/24/14 05:29:14 PM
#113596   Why did HollywoodFastlane respond to me anyway? Milesblue42 04/24/14 05:26:05 PM
#113595   nothing youve done the last two years has erodriguez 04/24/14 05:03:25 PM
#113594   Excellent!! How about a full explanation and accounting finishsuper 04/24/14 04:41:56 PM
#113593   That sounds great! Now if the "revenue flow" hhi3 04/24/14 04:41:39 PM
#113592   The post you made is incorrect. The HollywoodFastLane 04/24/14 04:31:42 PM
#113591   8-ks are not needed for actions done in HollywoodFastLane 04/24/14 04:28:15 PM
#113590   This press release is because Reed's is now HollywoodFastLane 04/24/14 04:26:01 PM
#113589   No 8k needed, and here's why: finishsuper 04/24/14 04:23:26 PM
#113588   Steve, no excuse for no REED-SEC-8K filing Milesblue42 04/24/14 04:07:22 PM
#113587   Steve is pulling another Clear Channel....WOW Milesblue42 04/24/14 04:03:06 PM
#113586   Hey steve, $200 of your bullshit was bought PLUTUS 04/24/14 12:08:47 PM
#113585   I heard steve met the guy in rehab. PLUTUS 04/24/14 11:49:05 AM
#113584   Lol.. Another useless non revenue producer. Samblis just Charlie48 04/24/14 11:32:44 AM
#113583   Lol, such fantastic news and no volume. Gotta Rich 04/24/14 10:04:11 AM
#113582   It's all BS. I just really hope buyinit 04/24/14 08:21:06 AM
#113581   NEWS: (or is it) ronaldo1149 04/24/14 08:13:48 AM
#113580   Weeeee let the pump begin. 500 million shares need buyinit 04/24/14 06:43:31 AM
#113579   What are Steve's investors paying for......? Milesblue42 04/23/14 09:27:32 PM
#113578   HollywoodFastlane....Wednesday, 11/14/12 05:49:11 PM Milesblue42 04/23/14 09:10:14 PM
#113577   More confirmations of substance abuse-Memory loss. getmoreshares 04/23/14 06:31:17 PM
#113576   Apparently he wasn't smart enough to realize that Brad S 04/23/14 06:27:17 PM
#113575   WOW!! Just Wow! Steve is HollywoodFastlane...?OMG Milesblue42 04/23/14 05:31:13 PM
#113574   Mr. Samblis is a lying, con-artist POS. PLUTUS 04/23/14 05:00:41 PM
#113573   Wrong Steve. You signed your name and represented PLUTUS 04/23/14 04:59:52 PM
#113571   Yup.good idea. I stay away from the stinky pinkies mwwarner1 04/23/14 04:19:40 PM
#113570   "The story is here" I like how you DocDiggler 04/23/14 03:51:45 PM
#113568   there was it was the 25000 buy just ronaldo1149 04/23/14 03:48:07 PM
#113567   Should have been halted and put out to maynerd 04/23/14 03:46:50 PM
#113566   Everyone should be sending a TOS violation since maynerd 04/23/14 03:42:12 PM