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Imagination TV Inc. (IMTV)

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Last Post: 9/3/2015 7:09:44 PM - Followers: 500 - Board type: Free - Posts Today: 4

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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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#119132  Sticky Note CEO Steve Samblis-issued-this-Press-Release-1,071-days-ago Milesblue42 08/18/15 06:09:33 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
#119144   Is my math right or is that a OGINVU 09/03/15 07:09:44 PM
#119143   Is my math right or is that a graydave 09/03/15 12:09:40 PM
#119142   .000001 = Samblis Charlie48 09/03/15 11:48:54 AM
#119141   Don't count him out. New PR just around graydave 09/03/15 08:03:54 AM
#119140   Yes Folks, Thats "4" Zeros and No Bid B402 09/02/15 08:36:12 PM
#119139   everybody loves a fairy tale! Diane1 08/23/15 03:40:13 AM
#119138   .0000000000000000000000000000000001==LOL great job SS-Cops visit yet?? IMO they getmoreshares 08/21/15 10:26:08 AM
#119137   I think that one made a great many hhi3 08/21/15 10:04:43 AM
#119136   Scamblis, still comin' after shorts? Nitwit 08/21/15 12:23:40 AM
#119135   0.00001 Nitwit 08/21/15 12:20:35 AM
#119134   SCAMblis PLUTUS 08/19/15 09:29:35 PM
#119133   Thought Steve hired a law firm to track graydave 08/18/15 06:21:59 PM
#119132   CEO Steve Samblis-issued-this-Press-Release-1,071-days-ago Milesblue42 08/18/15 06:09:33 PM
#119131   The restaurant app Charlie48 08/17/15 04:11:16 PM
#119130   Sure, the Vegas meeting is still on. We hhi3 08/17/15 02:07:01 PM
#119129   hey Steve we still meeting in Vegas next joey11 08/17/15 01:21:48 PM
#119128   Nobody's taken care of this guy yet? Surprising. sgunderbarth 08/15/15 05:42:38 PM
#119127   What is with these goofy trades? Four zeros graydave 08/13/15 01:18:35 PM
#119126   About time for ole SS to come on hhi3 08/11/15 07:26:36 PM
#119125   It was just an after market glitch; Stock8049 08/11/15 01:59:54 PM
#119124   Did Steve Samblis-maliciously-Deceive .0010-buyers-on-8/10/15? Milesblue42 08/11/15 11:54:24 AM
#119123   Reverse Split around the corner!!! The n short after Stock8049 08/10/15 09:00:53 AM
#119122   LOL-.00000000000000000000000000000000000000000000000 00000000000000000000000000 getmoreshares 08/05/15 08:01:10 PM
#119121   Well Steve your company still has some value ronaldo1149 08/05/15 03:02:27 PM
#119120   I've said this before but I have no hhi3 08/03/15 03:17:24 PM
#119119   Another month goes by with no financials. Way graydave 08/03/15 11:26:02 AM
#119118   This guys been a snake for years. I hhi3 07/31/15 03:05:37 PM
#119117   1998-UNITED-STATES-SECURITIES-AND-EXCHANGE-COMMISSION-VS-Steve-Samblis Milesblue42 07/29/15 01:54:44 PM
#119116   Karma! graydave 07/29/15 09:28:21 AM
#119115   Looks like No Bid? B402 07/28/15 11:37:57 PM
#119114   LOL-.00000000000000000000000000000000000000000001 getmoreshares 07/23/15 05:12:05 PM
#119113   Steve-Samblis-leave-Larry-alone...and-call-Joseph Collins... Milesblue42 07/23/15 12:25:14 PM
#119112   FYI!!!-Imagination TV, Inc (PL) (IMTV) CEO Mr. Steven getmoreshares 07/22/15 10:31:21 AM
#119111   MUGSHOT? OMG CEO STEVE-SAMBLIS-WAS-ARRESTED-BEFORE? Milesblue42 07/21/15 03:41:24 PM
#119110   No bid. Love it. MFI 07/21/15 11:39:30 AM
#119109   YEP way to go Steve with the new ronaldo1149 07/21/15 11:16:40 AM
#119108   No Bid on the horizon?HMMM ronaldo1149 07/21/15 10:15:58 AM
#119107   Agreed :-D B402 07/20/15 11:30:02 PM
#119106   CEO-Steve-Samblis using shareholder funds to-chase-Larry??? Milesblue42 07/20/15 02:21:31 PM
#119105   He is trying to wait us out and maynerd 07/20/15 11:59:55 AM
#119104   Steve Samblis, where are the financials for 2014 graydave 07/14/15 09:45:58 AM
#119103   FINALLY DONE-sure looks that way! Not even enough getmoreshares 07/12/15 12:01:39 PM
#119102   Yeah. Does not look like he gets invited graydave 07/06/15 10:07:03 AM
#119101   Hey Steve are you still reading IHUB? Not hhi3 07/05/15 05:44:19 PM
#119100   Still not halted? PLUTUS 07/01/15 11:04:56 PM
#119099   Still waiting on the Financials Steve. How can graydave 06/24/15 02:53:41 PM
#119098   You're right, he is the master. The worst hhi3 06/18/15 09:56:58 PM
#119097   Nothing Typical about this scam. Steve Samblis is graydave 06/18/15 02:54:45 PM
#119096   SS walked away from his investors a long hhi3 06/17/15 09:10:10 PM
#119095   IMO ZERO ZERO 10Q/10K's Milesblue42 06/12/15 06:17:28 PM