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Imagination TV Inc. (IMTV)

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Last Post: 6/27/2016 3:56:49 AM - Followers: 512 - Board type: Free - Posts Today: 2
 

most recent SEC filings:

Joseph S. Sirianni is New CEO 

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11103279
 
 

Termination of Registration of a Class of Security Under Section 12(g) (15-12g)

http://www.ih.advfn.com/p.php?pid=nmona&article=71763714
 

 




old info below
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*********CAUTION*********


DO NOT BUY THIS TICKER

SHARE SELLING SCAM

 

 
***MAJOR DD RIGHT HERE! MUST READ*****

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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#120553  Sticky Note Merger? Solid DD Out - New CEO in PENNYMACHINE 06/23/16 05:52:07 PM
#120306  Sticky Note KHudson, "Unregistered Penny Stocks Can Spell Big Problems" Milesblue42 06/19/16 05:37:41 PM
#105894  Sticky Note Posting comments that appear to be a threat IH Admin [Dan] 06/20/13 11:12:26 AM
#120771   Ok, Show me proof. Nobody here has ever KHudson 06/27/16 03:56:49 AM
#120770   Ok show me this alleged interview. KHudson 06/27/16 03:55:26 AM
#120769   The 8k clearly states there is a new love your neighbor 06/26/16 10:04:32 PM
#120768   Who APPOINTS the directors?? The owner??? getmoreshares 06/26/16 10:01:05 PM
#120767   I agree the SEC filing could be a love your neighbor 06/26/16 09:56:37 PM
#120765   More proof Joseph is not in control and thelionwarrior 06/26/16 09:41:22 PM
#120764   Oh YES you do--with SCAMBIS's history--DECEPTION is the getmoreshares 06/26/16 09:38:57 PM
#120763   LOL. you don't need to read the below love your neighbor 06/26/16 09:26:46 PM
#120762   READ this VERY CAREFULLY: getmoreshares 06/26/16 09:20:10 PM
#120761   According to the last SEC 8k $IMTV has love your neighbor 06/26/16 08:54:22 PM
#120760   Steve made rent money this week... nice job Stevo maynerd 06/26/16 08:53:27 PM
#120759   Too bad there is NO new CEO, other maynerd 06/26/16 08:50:53 PM
#120758   Guessing is fun. Even though the new CEO love your neighbor 06/26/16 08:44:38 PM
#120757   samblis is a piece of shit con man. lucky,mydog 06/26/16 07:59:05 PM
#120756   SCAM CITY-more eyes and posters to CONFIRM the SCAM. getmoreshares 06/26/16 07:58:07 PM
#120755   Of course this zombie ticker's a scam. They'll Homebrew 06/26/16 07:22:49 PM
#120754   It is real. The radio interview and all thelionwarrior 06/26/16 07:22:07 PM
#120753   Thank you. That was the radio interview Steve thelionwarrior 06/26/16 07:19:12 PM
#120752   LOL... agreed! KHudson 06/26/16 03:15:00 PM
#120750   I have no idea who wrote that. So KHudson 06/26/16 03:09:52 PM
#120749   This was 4 years ago and not from KHudson 06/26/16 03:07:24 PM
#120748   True... Liquid1974 06/26/16 02:11:48 PM
#120747   Go $IMTV love your neighbor 06/26/16 12:55:28 PM
#120746   Very thin love your neighbor 06/26/16 12:55:04 PM
#120745   $IMTV moving up on BB boards :) stock1ace1 06/26/16 12:54:11 PM
#120744   Only like 23 mill left @.0002 ~ thin stock1ace1 06/26/16 12:53:33 PM
#120743   Something is up. Hope it's good. Ha ha love your neighbor 06/26/16 12:48:17 PM
#120742   Alot of buyers sumthings brewing, stock1ace1 06/26/16 12:39:18 PM
#120741   Yes watching for merger and loading stock1ace1 06/26/16 12:10:51 PM
#120740   Yep. New CEO per SEC 8k. Merger news love your neighbor 06/26/16 12:10:21 PM
#120739   Agree love your neighbor 06/26/16 12:06:41 PM
#120738   **** Volume Watch This Week ***** stock1ace1 06/26/16 11:58:19 AM
#120737   People are loading this will move so enjoy stock1ace1 06/26/16 10:48:52 AM
#120736   New CEO , Means nothing what the previous stock1ace1 06/26/16 10:47:27 AM
#120735   Here is a link to the PR's-there are many: getmoreshares 06/26/16 09:19:03 AM
#120734   And another: ronaldo1149 06/26/16 07:34:25 AM
#120733   Well here is one radio interview highlights: ronaldo1149 06/26/16 07:31:49 AM
#120732   Means nothing. Read every Ihub subpenny board. They love your neighbor 06/25/16 09:33:34 PM
#120731   Longs are saying this is a scam do thelionwarrior 06/25/16 09:30:24 PM
#120730   Show your proof. There is none. KHudson 06/25/16 09:06:05 PM
#120729   They are true which is why real longs thelionwarrior 06/25/16 09:03:55 PM
#120728   These are not true statements... KHudson 06/25/16 09:01:20 PM
#120727   If $IMTV is a shell with no business love your neighbor 06/25/16 08:51:06 PM
#120726   It appears we will just have to agree love your neighbor 06/25/16 08:46:53 PM
#120725   This is not DD. That is current filings. thelionwarrior 06/25/16 08:44:04 PM
#120724   The DD I'm basing my $IMTV trading on love your neighbor 06/25/16 08:36:16 PM
#120723   The proof is in those who were here. thelionwarrior 06/25/16 08:33:57 PM
#120722   Proof of no DD right here. Investors should thelionwarrior 06/25/16 08:30:56 PM
#120721   Show us proof of any lies. How about KHudson 06/25/16 08:30:11 PM
#120720   If only it were misleading PR's. He posted thelionwarrior 06/25/16 08:26:40 PM
PostSubject