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Imagination TV Inc. (IMTV)

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Last Post: 7/31/2015 3:05:37 PM - Followers: 500 - 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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#119106  Sticky Note CEO-Steve-Samblis using shareholder funds to-chase-Larry??? Milesblue42 07/20/15 02:21:31 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 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
#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. buyinit 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
#119094   Where are the financials? All of last year graydave 06/12/15 12:19:14 PM
#119093   Steve Samblis.....uh who's to blame now? Milesblue42 06/12/15 11:53:29 AM
#119092   No interest at all. Folks are finally getting graydave 06/11/15 10:14:51 AM
#119091   Another Goose Egg Day, No Bid Soon? B402 06/10/15 08:10:09 PM
#119090   Need news for up! Goodwills 06/08/15 10:48:01 AM
#119089   Yeah, people now just flipping the stock for graydave 06/08/15 10:37:12 AM
#119088   you are correct. i was once a john12341 06/06/15 03:05:45 PM
#119087   Thanks for the info. Still think it is graydave 06/05/15 10:17:50 PM
#119086   yes it is as of April 2, 2013 john12341 06/05/15 08:32:12 PM
#119085   Steve SCAMBLIS PLUTUS 06/03/15 09:25:40 PM
#119084   It takes a great Imagination to run one! maynerd 06/03/15 12:59:16 PM
#119083   LMAO... >>> .0001 Next stop .00000000000001 maynerd 06/03/15 12:58:20 PM
#119082   Is it even legal to announce the sale graydave 06/03/15 11:51:20 AM
#119081   Eventually the hammer will come down. Scrambless will tradewin 06/03/15 11:32:12 AM
#119080   Where are the SEC filings for the recent graydave 06/03/15 11:17:17 AM
#119079   Ask yourself why there has been no filings graydave 06/03/15 11:14:54 AM
#119078   This is a good start to DD; graydave 06/03/15 10:47:38 AM
#119077   Looks like Steve or Asher has hired a graydave 06/03/15 10:45:40 AM
#119076 Goodwills 06/03/15 10:00:42 AM
#119075   Target's 0003, 0004 Goodwills 06/03/15 09:54:35 AM
#119074   There are truckloads of shares left... Steve never maynerd 06/03/15 09:50:26 AM
#119073   Nice Buys today, not much left PENNYMACHINE 06/03/15 09:46:13 AM
#119072   Glad someone else bought. At least we sold graydave 06/02/15 04:04:32 PM
#119071   LOL... maynerd 06/02/15 03:32:59 PM
#119070   Do you have change for a penny? graydave 06/02/15 03:01:51 PM
#119069   Imagine... Waking up this morning and thinking... I maynerd 06/02/15 02:24:28 PM