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IC Places Inc. (PNCH)

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Last Post: 8/1/2014 3:04:46 AM - Followers: 527 - Board type: Free - Posts Today: 1


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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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Current Price
Bid Ask Day's Range
PNCH News: Current Report Filing (8-k) 07/25/2014 06:02:37 AM
PNCH News: Amended Annual Report (10-k/a) 07/08/2014 05:14:05 PM
PNCH News: Imagination TV's New Show "UnCommon Denominator" Begins Filming Interviews With Moguls, Authors and High Achievers to Discove... 06/11/2014 09:00:00 AM
PNCH News: Imagination TV's New Show "UnCommon Denominator" Begins Filming Interviews With Moguls, Authors and High Achievers to Discove... 06/11/2014 09:00:00 AM
PNCH News: IC Places Signs Previous Project Runway Winner to Lead Spanish Language Version of Imagination TV 06/04/2014 07:53:00 PM
#116638  Sticky Note Added a bunch .0011 today-- awesome buys---- going FullImpactStocksUSA 07/30/14 11:08:08 AM
#115577  Sticky Note A MUST READ! The CEO is a complete buyinit 06/04/14 08:32:26 PM
#115278  Sticky Note There is no reason for us to do Rich 06/01/14 12:25:22 AM
#113636  Sticky Note PNCH has done 3 Reverse splits in the buyinit 04/25/14 02:39:12 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
#116705   Wow--- glad I'm not invested heavy LOL FullImpactStocksUSA 08/01/14 03:04:46 AM
#116704   Re 116696 meadow2009 07/31/14 10:10:37 PM
#116702   Nice job making bag holders. But I enjoyed goarmy123 07/31/14 07:55:34 PM
#116701   SCAMBlis was able to dump lots more on Nitwit 07/31/14 07:49:26 PM
#116699   Who knows! Wouldn't surprise me. But it was goarmy123 07/31/14 06:44:49 PM
#116698   Those are gone yesterday. goarmy123 07/31/14 06:43:22 PM
#116696   It's not 2012 anymore, IMO Steve/CEO-has-been-EXPOSED Milesblue42 07/31/14 05:58:20 PM
#116695   What happened to those .0011s (reloaded) you bought maynerd 07/31/14 04:06:37 PM
#116694   Flipped this pos 3 times in 2 days! goarmy123 07/31/14 03:34:46 PM
#116693   So do I use to be 22 million ronaldo1149 07/31/14 03:12:59 PM
#116692   Good luck to you. graydave 07/31/14 02:43:19 PM
#116691   Bid sitters collecting forcing weak hands to sell...then FullImpactStocksUSA 07/31/14 02:41:20 PM
#116690   Like I said, welcome to our little club. graydave 07/31/14 02:33:18 PM
#116689   The NT 10Q should be coming out in ronaldo1149 07/31/14 02:09:03 PM
#116688   What dump lol? Only 5mil- all retail trades FullImpactStocksUSA 07/31/14 01:46:35 PM
#116687   LOL... Such perfect timing! maynerd 07/31/14 01:02:31 PM
#116686   And to think sold his 6's at 1's ronaldo1149 07/31/14 12:56:40 PM
#116685   Lol ouch Thizzin 07/31/14 12:31:27 PM
#116684   Zactly... think hooyaa is from the pain PNCH inflicted. iambadbert 07/31/14 12:07:22 PM
#116683   Reload at .0011 and sell at .0009... I maynerd 07/31/14 12:04:34 PM
#116682   LMAO yeah right... iambadbert 07/31/14 11:51:12 AM
#116681   Thanks for the quick cash! Untill next Time! HOOAH! goarmy123 07/31/14 11:39:38 AM
#116680   PNCH got some volley coming in.. iambadbert 07/31/14 10:54:28 AM
#116679   Wow, here comes the dump! Welcome new bagholders graydave 07/31/14 10:42:17 AM
#116678   Pump is over! Now it crashes again. I vincelong 07/31/14 09:59:26 AM
#116677   Gap up past .002 quick get the .001 Titanonice 07/31/14 09:35:21 AM
#116676   GM!! Have a few I'm trying to get rlangmaid 07/31/14 09:05:49 AM
#116675   Another reverse split coming? ramplead 07/31/14 08:39:46 AM
#116674   Another REverse Split coming? ramplead 07/31/14 08:38:49 AM
#116673   .002 , I need .15 to break Bear1 07/30/14 11:00:43 PM
#116672   Steve Scamblis has only one problem, he cant meadow2009 07/30/14 10:29:43 PM
#116671   A true patriot PNCH vincelong 07/30/14 09:21:01 PM
#116670   Thanks and Duly noted. I'm playin everywhere the goarmy123 07/30/14 08:12:33 PM
#116669   Yes Sir at some point even bottom feeders vincelong 07/30/14 08:03:26 PM
#116668   congrats-looks like you are doing well here! getmoreshares 07/30/14 07:48:25 PM
#116667   IMO Steve has lost major creditability since then.... Milesblue42 07/30/14 06:26:00 PM
#116666   That was when most people didn't know this maynerd 07/30/14 06:01:57 PM
#116665   This ran way past a nickle under ss goarmy123 07/30/14 05:37:19 PM
#116664   LOL... Hope you get a pop in the maynerd 07/30/14 04:42:19 PM
#116663   IMO, Steven Samblis's reckless dilution-will-kill-any-BIG-runs Milesblue42 07/30/14 04:26:09 PM
#116662   Has Steven Samblis run PNCH into the Ground....? Milesblue42 07/30/14 04:17:14 PM
#116661   $PNCH Higher highs and lower lows! Ascending wedge goarmy123 07/30/14 04:13:54 PM
#116660   Sure dont trade like its a tight float... iambadbert 07/30/14 04:10:39 PM
#116659   Back to trips EOD??? maynerd 07/30/14 03:58:48 PM
#116658   bought some 9s a little while ago.. hopefully MYPENNYGOBOOM 07/30/14 03:58:39 PM
#116657   Smack dat A$K... LOL maynerd 07/30/14 03:40:13 PM
#116656   Lots of buys ... rlangmaid 07/30/14 03:35:38 PM
#116655   EOD don't look good... Rinse and repeat. Create maynerd 07/30/14 03:35:15 PM
#116654   The same thing for the last 9 years... maynerd 07/30/14 03:27:53 PM
#116653   Scamblis made some money today! highjaxx 07/30/14 02:43:04 PM