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Imagination TV Inc. (IMTV)

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Last Post: 1/30/2015 11:57:29 AM - Followers: 494 - Board type: Free - Posts Today: 0

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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
#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
#117896   Yes, and my post RS account is not graydave 01/30/15 11:57:29 AM
#117895   I have my shares for sale for $9 ronaldo1149 01/30/15 11:41:18 AM
#117894   It's about to happen! IMHO ed7777777 01/30/15 11:36:19 AM
#117893   If it was $9 back then I would ronaldo1149 01/30/15 11:32:12 AM
#117892   lol ya drag for most , made large Spuds McKenz66 01/30/15 11:20:56 AM
#117891   Thank you, ed7777777 01/30/15 11:17:37 AM
#117890   52 Week High 3/17/2014 / 9.00 ed7777777 01/30/15 11:12:22 AM
#117889   Steve Samblis's lack of 8K-Filings....Deception? Milesblue42 01/30/15 10:27:18 AM
#117888   LMAO... The pump/dump feeders are just as bad maynerd 01/30/15 10:11:48 AM
#117887   Steven M Samblis Nitwit 01/29/15 08:33:04 PM
#117886   SCAM--READ this:Big news… or, maybe not ! getmoreshares 01/29/15 05:42:31 PM
#117885   Here they come!!! graydave 01/29/15 05:26:01 PM
#117884   This should be moving up big time soon. maxpow 01/29/15 05:13:56 PM
#117883   Yeah that sucks about Vegas... I really wanted maynerd 01/29/15 03:56:41 PM
#117882   Good to see ya Maynerd! Too bad that graydave 01/29/15 03:14:56 PM
#117881   Typical Scamblis fashion, lie about what you're going tradewin 01/29/15 02:42:22 PM
#117880   You can always just write a check or maynerd 01/29/15 02:12:05 PM
#117879   lol buy time? Spuds McKenz66 01/29/15 01:44:24 PM
#117878   2 hours a week on Time Warner,sounds like ronaldo1149 01/29/15 12:45:47 PM
#117877   ICPA/PNCH/IMTV issued this Press-Release 602-Days ago Milesblue42 01/29/15 12:06:49 PM
#117876   hhi3, Steve Samblis released this-PR-587-Days-ago Milesblue42 01/29/15 11:50:02 AM
#117875   Steve Samblis advice circa 1997...Uh Oh Milesblue42 01/29/15 11:40:00 AM
#117874   No way this PR happens. If by a hhi3 01/29/15 11:16:42 AM
#117873   He ran it into the ground awhile back, hhi3 01/29/15 11:05:21 AM
#117872   Are these things true? Milesblue42 01/29/15 10:49:51 AM
#117871   Steve Samblis lack of SEC-8K's is VERY Disturbing/Scary-IMO Milesblue42 01/29/15 10:33:31 AM
#117870   It's a shame everyone knows STeve is a buyinit 01/29/15 10:23:04 AM
#117869   NEW PR and again no SEC Material Event Filing....Trust? Milesblue42 01/29/15 10:13:55 AM
#117868   Yes, we should see a flood of new graydave 01/29/15 10:10:20 AM
#117867   Never trust those "likes" on Facebook or followers buyinit 01/29/15 09:27:44 AM
#117866   Watch for a pump coming shortly. Steve buyinit 01/29/15 09:26:08 AM
#117865   Yes 2 hour of content that one can ronaldo1149 01/29/15 09:14:37 AM
#117864   News out. Lone Wolf 01/29/15 09:10:17 AM
#117863   2000 people must have heard of Steve,LOL,More than ronaldo1149 01/29/15 07:56:22 AM
#117862   IMO it will help future POSSIBLE newbies to getmoreshares 01/28/15 11:27:40 PM
#117861   The reason we saw such a detailed quarterly buyinit 01/28/15 10:43:24 PM
#117860   Yes, and has been since the begining. getmoreshares 01/28/15 09:54:57 PM
#117859   Is Steve running this company into the ground??? Milesblue42 01/28/15 06:14:26 PM
#117858   Oops. Make that 3 cents now that we graydave 01/28/15 03:25:46 PM
#117857   Yes. My post RS portfolio is now worth graydave 01/28/15 02:15:38 PM
#117856   Trips coming fast here. Got to love buyinit 01/28/15 02:13:14 PM
#117855   Which reverse split was that after?? Hard to DocDiggler 01/28/15 12:26:08 PM
#117854   Add them all up. I'd say we are tradewin 01/28/15 09:46:58 AM
#117853   Where is the revenue from ad sharing with hhi3 01/28/15 08:44:35 AM
#117852   Does Steve Samblis need more Joseph Collins mentoring??? Milesblue42 01/28/15 07:41:07 AM
#117851   Come on, tell us that IMTV is going ed7777777 01/28/15 12:23:44 AM
#117850   Yes, after the RS I am the proud graydave 01/27/15 05:20:19 PM
#117849   It is amazing what a RS and dilution getmoreshares 01/27/15 03:46:56 PM
#117848   People are not buying into his bullshit PR's graydave 01/27/15 12:50:26 PM
#117847   52 Week High 3/17/2014 / 9.00 ed7777777 01/27/15 12:24:41 PM