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Imagination TV Inc. (IMTV)

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Last Post: 3/28/2015 6:16:25 PM - Followers: 495 - 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
#118314   He ABSOLUTELY cares about NO-ONE but HIMSELF-GL to getmoreshares 03/28/15 06:16:25 PM
#118313   7s 8s have been very doable, imtv desandan 03/28/15 06:00:21 PM
#118312   Loaded this price .0003 to .0005 imo M-invest 03/28/15 04:54:17 PM
#118311   Dilution, Ultimate-Proof-recent-Press-Releases...are Useless-IMO?? Milesblue42 03/27/15 02:29:13 PM
#118310   Is Steve's Dilution putting the smackdown on the PPS? Milesblue42 03/27/15 02:09:37 PM
#118309   Wait, .0003's are back...? lolllzz Milesblue42 03/27/15 11:11:11 AM
#118308   Hey Scambliss.... why don't you show your face? maynerd 03/26/15 05:35:27 PM
#118307   Stevie Boy got more peeps to buy this maynerd 03/25/15 10:21:15 PM
#118306   LMFAO.... 9 years for a startup? Okie dokie pokie!! maynerd 03/25/15 10:16:07 PM
#118305   ONLY 420 mill more to dilute-WAY TO GO SS. getmoreshares 03/25/15 07:09:04 PM
#118303   .0003's again?? Because Dilution...LOL Milesblue42 03/25/15 03:59:31 PM
#118300   CEO Steve Samblis isn't waiting for SEC-Filing-Revenue....? Milesblue42 03/25/15 03:42:16 PM
#118299   Because he can make a ton of money graydave 03/25/15 03:36:10 PM
#118298   Steve's Gifts, .0004's still available Ha Ha Milesblue42 03/25/15 03:35:40 PM
#118297   How on Earth is this dirt bag CEO tradewin 03/25/15 02:52:36 PM
#118296   The name is very fitting for this share-selling Joeschmo_num1 03/25/15 02:20:56 PM
#118295   ***Steve Samblis racing towards his 5th Reverse Split??*** Milesblue42 03/25/15 12:47:51 PM
#118294   Is Dilution proof Steve's Press Releases are meaningless??? Milesblue42 03/25/15 12:33:14 PM
#118293   Steve has hundreds of millions of new shares graydave 03/25/15 12:04:38 PM
#118292   WOW DUMPFEST!!!! ronaldo1149 03/25/15 10:58:26 AM
#118291   TravelTech TV Revenue...vs 2-Reverse-Splits-in-2014 Milesblue42 03/25/15 10:34:03 AM
#118290   ***Did Steve Samblis just issue a BIG RED FLAG??*** Milesblue42 03/25/15 09:35:26 AM
#118289   What filing? The 8-k? DDHOUND 03/25/15 09:08:23 AM
#118288   IMO Steve's destructive dilution...vs Timing Milesblue42 03/25/15 07:27:16 AM
#118287   Timing is everything. DDHOUND 03/24/15 07:57:22 PM
#118286   Notice...more Volume...lower prices Ha Ha Milesblue42 03/24/15 03:03:32 PM
#118285   What other news is being waiting now? Ha ha Milesblue42 03/24/15 03:02:16 PM
#118284   Constant news for over ten years including 4 graydave 03/24/15 02:44:02 PM
#118283   IMTV .0005 x .0006 3 x 1 $treet Trader 03/24/15 02:34:08 PM
#118282   in IMTV .0005 with news this flys $treet Trader 03/24/15 02:33:11 PM
#118281   And how many revenues has this startup produced caku 03/23/15 11:52:04 PM
#118280   Startup?? You aren't living up to your name. hhi3 03/23/15 09:31:18 PM
#118279   IMPORTANT-Read this link:. https://friendsofvutv.wordpress.com/2015/03/23/are-you-feeling-luc getmoreshares 03/23/15 05:29:22 PM
#118278   Now why isn't CEO Steve Samblis um....Loading now? Milesblue42 03/23/15 04:06:58 PM
#118277   Running same startup scam for over 10 years. graydave 03/23/15 03:44:22 PM
#118276   ICPA/PNCH/IMTV isn't a startup Ha Ha Milesblue42 03/23/15 03:43:24 PM
#118274   Its a startup. DDHOUND 03/23/15 03:32:37 PM
#118273   Is Steve engaging in PPS destroying dilution.......?? Milesblue42 03/23/15 02:46:51 PM
#118272   CEO-Steve Samblis issued this Press-Release-922-days-ago Milesblue42 03/23/15 02:38:38 PM
#118271   Im loading here in .0005-.0006 range. CEO's shares DDHOUND 03/23/15 02:16:46 PM
#118270   IMO The SEC could still halt/suspend trading... Milesblue42 03/23/15 01:36:47 PM
#118269   I found this on another board, thanks Sharktnk charlina 03/23/15 11:27:20 AM
#118268   Lol.... Steve is the board...... just wish we thelionwarrior 03/22/15 02:39:15 AM
#118267   Wt???? Hope its not someone on ihub cause thelionwarrior 03/22/15 02:37:40 AM
#118266   Bad FrontLoad if so ..as the stock went MaxPow 03/22/15 12:12:42 AM
#118264   He continues to prove exactly who he is. hhi3 03/20/15 10:29:18 PM
#118263   Samblis providing Financial-Industry-Regulatory Authority-with evidence.....? Milesblue42 03/20/15 04:52:17 PM
#118262   You and I and many others know first tradewin 03/20/15 03:52:35 PM
#118261   Steve Samblis wrote the book on the classic graydave 03/20/15 03:50:18 PM
#118260   Yes, this is not a business at all. tradewin 03/20/15 03:47:28 PM