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Imagination TV Inc. (IMTV)

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Last Post: 10/9/2015 6:09:49 PM - Followers: 501 - 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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#119345  Sticky Note Why-is-Steven-Samblis attacking Larry-instead-of-ClearChannel? Milesblue42 10/08/15 06:39:43 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
#119351   REAL RESULTS...... OGINVU 10/09/15 06:09:49 PM
#119350   Are Steven Samblis's financiers buying his IMO excuses??? Milesblue42 10/09/15 03:26:16 PM
#119345   Why-is-Steven-Samblis attacking Larry-instead-of-ClearChannel? Milesblue42 10/08/15 06:39:43 PM
#119343   CVeradero, Steven Samblis is IMO attacking imaginary cybersquatters Milesblue42 10/08/15 04:54:05 PM
#119341   Imagine yourself stumbling upon this ticker one day maynerd 10/08/15 02:52:05 PM
#119339   Well folks… maybe you have seen the over getmoreshares 10/08/15 08:41:45 AM
#119338   QueFine, should Steven Samblis STOP IMO-whining&Attacking? Milesblue42 10/08/15 05:33:46 AM
#119337   24 years ago? That really has nothing QueFine 10/08/15 04:22:28 AM
#119336   And lets not forget--it is someone elses fault-LOLOL getmoreshares 10/07/15 06:10:19 PM
#119335   Did CEO Steven Samblis say What Fine???? Milesblue42 10/07/15 04:53:01 PM
#119334   Is Steven Samblis Whining and Name calling? WOW Milesblue42 10/07/15 04:44:04 PM
#119333   On 2nd thought I should be running it. hhi3 10/07/15 04:27:42 PM
#119332   Larry shouldn't be running it, Moe should be. hhi3 10/07/15 04:24:05 PM
#119330   I would rather read stuff from Larry... In maynerd 10/07/15 09:43:46 AM
#119329   **OTCMARKETS-ISSUES-IMTV-MY-IMAGINATION-NO-INFORMATION-WARNING** IMO the informati Milesblue42 10/07/15 05:50:39 AM
#119328   Here is a great article by the company QueFine 10/07/15 03:36:20 AM
#119326   That's the same thing Steve has been saying maynerd 10/06/15 09:23:39 PM
#119325   What CEO-Steven-Samblis said-1,075-days-ago Milesblue42 10/06/15 06:35:04 PM
#119324   One more thing QUE; Samblis has earned every hhi3 10/06/15 05:58:49 PM
#119323   You misunderstood, I'm saying all his PRs over hhi3 10/06/15 05:53:56 PM
#119322   I can't find a single piece of info QueFine 10/06/15 01:01:21 PM
#119321   Made up PRs to sell shares is all hhi3 10/05/15 08:56:23 PM
#119320   Will another Network-Launch get Delayed/Cancelled/FAIL Milesblue42 10/05/15 07:50:11 PM
#119319   SS--are you still FREE??? Has the SEC come getmoreshares 10/05/15 06:50:34 PM
#119317   ROFLMAO... At least Collins still has a company maynerd 10/05/15 12:39:27 PM
#119316   Please explain Steven Samblis's 2015 IMTV Press Releases Milesblue42 10/05/15 05:37:19 AM
#119314   ****OTC-MARKETS-ISSUES-IMTV-Imagination-TV, Inc.-WARNING**** Milesblue42 10/04/15 08:07:15 PM
#119313   Read everything on Stevie Scambliss, Lolzzzzzzz B402 10/04/15 07:55:19 PM
#119312   QueFine, what about 10 days ago? Ha Ha Milesblue42 10/04/15 07:44:25 PM
#119311   Very Silly IMTV Information right now..... Milesblue42 10/04/15 07:28:21 PM
#119310   QueFine, how-many .0002-Sell-orders-went-through??? Milesblue42 10/04/15 07:18:12 PM
#119309   LMAO- the scum bag samblis was lying MFI 10/04/15 06:11:29 PM
#119308   I have read everything I could find on QueFine 10/04/15 05:33:29 PM
#119306   ****What CEO Steven Samblis-said-6,824-days-ago**** Milesblue42 10/04/15 11:41:27 AM
#119305   questions for you "Que: hhi3 10/04/15 10:14:42 AM
#119304  Restored What people "give a shit about" is the hhi3 10/04/15 10:06:45 AM
#119303   Maybe alot of peeps or PPS wouldn't be ronaldo1149 10/04/15 07:58:14 AM
#119302  Restored 10 years ago. Who gives a shit about QueFine 10/03/15 08:26:32 PM
#119301   ****What CEO Steven Samblis said 3,586 days ago**** Milesblue42 10/02/15 03:54:32 PM
#119299   I believe Steve is almost always on these maynerd 10/02/15 10:04:46 AM
#119297   WOW... It even gets better... the Reed's deal maynerd 10/02/15 09:48:43 AM
#119292   Did Steven Samblis's tumblr story fall apart? Milesblue42 09/30/15 07:16:34 PM
#119291   How many alias has Steve the scum bad MFI 09/30/15 07:08:30 PM
#119289   ****Did CEO_Steven-Samblis LIE on his tumblr page????**** Milesblue42 09/30/15 05:35:37 PM
#119286   Que, where is the the Milesblue42 09/30/15 04:48:06 PM
#119285   Why does Steve attack Larry???? Milesblue42 09/30/15 04:38:28 PM
#119284   Goes to Steve's credibility. Did he lie to graydave 09/30/15 04:17:49 PM
#119283   Who cares? The site says they own the QueFine 09/30/15 03:59:06 PM
#119280   The only proof is the site itself which QueFine 09/30/15 03:07:47 PM
#119279   Proof that Steve Samblis said he sold Milesblue42 09/29/15 06:40:26 PM