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Imagination TV Inc. (PNCHD)

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Last Post: 10/31/2014 6:36:32 PM - Followers: 507 - 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: 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
PNCH News: Quarterly Report (10-q) 09/12/2014 05:12:26 PM
PNCH News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 08/13/2014 06:01:30 AM
#117283  Sticky Note PNCH has now done 4 reverse splits in buyinit 10/19/14 07:42:50 AM
#116638  Sticky Note Added a bunch .0011 today-- awesome buys---- going PETRICH 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
#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
#117373   Steve Samblis issued this Press Release 779 Days ago Milesblue42 10/31/14 06:36:32 PM
#117372   Steve Samblis's Halloween Bucket full of Promos..... Milesblue42 10/31/14 06:32:08 PM
#117371   When the last Q was filed in June, meadow2009 10/31/14 03:47:10 PM
#117370   very low volume for such a major pump. graydave 10/31/14 01:30:55 PM
#117369   Steve has paid a lot of money to graydave 10/31/14 11:40:08 AM
#117368   I almost have tears from laughing this morning. DocDiggler 10/31/14 10:32:38 AM
#117367   This funny right here LOL: ronaldo1149 10/31/14 10:24:11 AM
#117366   ROFL!!! I missed that!!! Just wait once the DocDiggler 10/31/14 10:16:28 AM
#117365   Or .45 and .59 LMAO ronaldo1149 10/31/14 10:12:45 AM
#117363   Anybody who buys at these levels is taking charlina 10/31/14 10:00:29 AM
#117362   Waiting for VFIN to show up. :) buyinit 10/31/14 09:53:17 AM
#117361   Samblis running multiple promos today and nobody cares. bluz66 10/31/14 09:53:16 AM
#117360   It's like clock work. How many times buyinit 10/31/14 09:45:55 AM
#117358   Yeah, that's never coming back lol. Only chance tradewin 10/31/14 09:40:09 AM
#117357   Be nice if I could sell tho 1166 ronaldo1149 10/31/14 09:36:18 AM
#117356   ...and the pump is on tradewin 10/31/14 09:22:19 AM
#117355   Any idea of float is it now about momentum858 10/31/14 08:31:45 AM
#117354   Got my peepers on PNCHD this AM momentum858 10/31/14 08:21:29 AM
#117353   Nice analysis. Very nice indeed. FORTY-8 10/31/14 12:50:40 AM
#117352   The paid promo will come out before the Q meadow2009 10/30/14 01:15:09 PM
#117350   A paid promo will come shortly. buyinit 10/28/14 06:49:54 PM
#117349   WOW! Less than $80 traded in last two graydave 10/28/14 04:56:43 PM
#117348   PNCHD Volume Today Was: 3 Nitwit 10/27/14 06:15:56 PM
#117347   Do I see SEC handcuffs??? there are blue getmoreshares 10/27/14 05:14:40 PM
#117346   Great... So my 5k+ is now worth $1.26. Bear1 10/27/14 03:24:04 PM
#117342   Great post. It was obvious this was buyinit 10/26/14 12:16:30 PM
#117340   Lessons learned, Popcorn time now ;) Milesblue42 10/26/14 11:29:16 AM
#117339   'Milesblue42'... Rich 10/26/14 12:14:05 AM
#117338   Possible 3 Reverse Splits in a Year? Milesblue42 10/25/14 05:31:25 AM
#117337   F Scamblis... like we did on da Nitwit 10/24/14 09:46:53 PM
#117336   I hope for the day they lock this ajd 10/24/14 08:59:55 PM
#117335   Dreamers and hopers. Clearly they don't read this board. PLUTUS 10/24/14 08:48:16 PM
#117334   Steve Scamblis keeps scamming people... Nitwit 10/24/14 08:46:38 PM
#117333   Steve Scamblis PNCHD... why would anyone keep buyin' Nitwit 10/24/14 08:42:45 PM
#117332   I actually emailed him and below is what hhi3 10/24/14 05:42:54 PM
#117331   Dude... Where you been? You are just now maynerd 10/24/14 04:55:37 PM
#117330   And there it is. Sub penny again. WEEEEEEEEEEEEEEEEEEEEEEE PLUTUS 10/24/14 04:08:49 PM
#117328   NO & YES graydave 10/24/14 12:02:27 PM
#117327   Has anyone here spoken to Mr. Samblis lately? erodriguez 10/24/14 11:34:44 AM
#117326   Thanks Ronaldo. was on my way to erodriguez 10/24/14 11:28:54 AM
#117325   United States ronaldo1149 10/24/14 11:25:45 AM
#117324   Anybody have a current address for this company erodriguez 10/24/14 11:23:57 AM
#117323   IC Places is a trans-media entertainment simplex tradewin 10/24/14 11:22:12 AM
#117322   I cannot find Steven Samblis number. someone erodriguez 10/24/14 11:18:25 AM
#117321   .0062 now!! ronaldo1149 10/24/14 11:13:55 AM
#117320   Mr. Samblis you will want to speak to erodriguez 10/24/14 11:13:03 AM
#117319   I think it meant to say Charlie48 10/24/14 11:05:59 AM
#117318   Anybody have a phone number i can reach erodriguez 10/24/14 11:02:39 AM
#117317   IC Places now known as imagnation TV meadow2009 10/24/14 10:15:22 AM
#117316   "IC Places is a trans-media entertainment complex that hhi3 10/24/14 09:54:30 AM