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Imagination TV Inc. (IMTV)

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Last Post: 3/4/2015 11:43:40 PM - Followers: 496 - 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
#118161  Sticky Note "Posting press from 2 and 3 years ago hhi3 02/16/15 03:06:44 PM
#118146  Sticky Note STEVESAMBLIS.COM and ASHER ENTERPRISES,,,,Must Reads B402 02/16/15 12:23:48 AM
#118094  Sticky Note IMTV has now done 4 reverse splits in buyinit 02/14/15 07:27:12 AM
#117566  Sticky Note ***Did Steve Samblis-destroy-ClearChannel-radio-interview-evidence?*** Milesblue42 11/17/14 05:41:58 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
#118235   LOL Steve must have found a Five darkodonnie 03/04/15 11:43:40 PM
#118234   Now that's scary indeed... Diane1 03/04/15 08:01:02 PM
#118233 PLUTUS 03/04/15 07:38:09 PM
#118232   Wow, 6 buck purchase to bring it up graydave 03/04/15 03:27:21 PM
#118231   Maybe Steve hasn't been able to afford any maynerd 03/04/15 02:15:32 PM
#118230   Not if the idiot keeps getting booted and/or banned. tradewin 03/04/15 10:46:52 AM
#118229   Hey! Just seeing if Steve will crawl out Diane1 03/04/15 10:24:33 AM
#118228   Nothing, IMO Steve thinks it still 2012...IMO Milesblue42 03/04/15 10:11:31 AM
#118227   Same crap, different year. Welcome back! graydave 03/04/15 09:32:16 AM
#118226   Not this stock. Thats for sure thelionwarrior 03/04/15 09:08:34 AM
#118225   OMG Hi all..whats up.?? darkodonnie 03/04/15 08:32:09 AM
#118224   Sure they do. Just ask him! Diane1 03/03/15 07:41:09 PM
#118223   The Year 1997...Samblis's advice on Investing... Milesblue42 03/03/15 03:32:14 PM
#118222   Anyone remember Steve Samblis's infamous TimeSquare PUMP? Milesblue42 03/03/15 03:24:05 PM
#118221   I see Steve hasn't posted in a few Diane1 03/03/15 11:00:29 AM
#118220   Good old Facebook countdown days? Remember Steve told graydave 03/03/15 10:51:32 AM
#118219   10 9 8 7 6 5 4 3 Diane1 03/03/15 10:36:15 AM
#118218   Steve, where is the money? hhi3 03/03/15 08:39:19 AM
#118217   THIS COMPANY IS GARBAGE. DONT WASTE YOUR MONEY toby3 03/03/15 06:04:57 AM
#118216   Why is this stock still trading, that is caku 03/02/15 01:26:20 PM
#118215   Did $36 just take us up 50%? graydave 03/02/15 12:37:17 PM
#118214   Of course you know the market cap meadow2009 02/27/15 10:38:57 PM
#118213   There is no way to know what the buyinit 02/27/15 07:24:23 PM
#118212   .0004 and a market cap of $4,000 erodriguez 02/27/15 04:53:27 PM
#118211   Market cap is now $4,000. Outstanding! erodriguez 02/27/15 12:19:19 PM
#118210   Steve, how about an update! graydave 02/27/15 10:20:56 AM
#118209   News Flash meadow2009 02/26/15 10:26:00 AM
#118208   Is Asher Enterprises buying the IMO Excuses....? Milesblue42 02/26/15 08:56:42 AM
#118207   Its been 4 days since we've heard from hhi3 02/26/15 07:59:38 AM
#118206   Maybe Steve should do another Radio Interview...? Milesblue42 02/25/15 12:13:35 PM
#118205   "... this master of wall street and the FORTY-8 02/25/15 12:25:56 AM
#118204   You are WONDERFUL. Absolutely WONDERFUL! FORTY-8 02/25/15 12:23:06 AM
#118203   SCAMblis indicted yet? OGINVU 02/24/15 11:17:08 PM
#118202   SCAMblis indicted yet? PLUTUS 02/24/15 09:26:35 PM
#118201   Because it is not a scam, and it graydave 02/24/15 05:17:45 PM
#118200   Why is Collin's company which is trading under erodriguez 02/24/15 05:01:26 PM
#118199   Selling shares is the only thing he has hhi3 02/24/15 02:06:35 PM
#118198   "company is still in business" Becuase he has been buyinit 02/24/15 06:51:51 AM
#118197   Miles I am convinced there is money coming hhi3 02/23/15 02:38:37 PM
#118196   Revenue coming on the next-filing-after-next-after-that Milesblue42 02/23/15 09:09:16 AM
#118195   That's interesting, the CEO doing interviews. Where might hhi3 02/23/15 08:08:53 AM
#118194   In order to have "Another revenue stream" there hhi3 02/23/15 08:06:12 AM
#118193   Reverse Split? meadow2009 02/21/15 05:57:21 PM
#118192   Even the PR's are not working anymore--RS is getmoreshares 02/21/15 05:35:46 PM
#118191   Pathetic effort by SS posting here. Proves what hhi3 02/21/15 01:23:13 PM
#118190   Scamliss up late posting in Da House again..... maynerd 02/21/15 12:30:01 PM
#118189   When is the next REVERSE SPLIT?? getmoreshares 02/21/15 12:22:34 PM
#118188   Only thing you need to know about Steve graydave 02/21/15 11:22:57 AM
#118187   A big $250 in volume meadow2009 02/21/15 10:21:18 AM
#118186   For a great read about Steve the scumbag buyinit 02/21/15 07:47:33 AM