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IC Places Inc. (PNCHD)

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Last Post: 4/16/2014 9:25:35 AM - Followers: 512 - Board type: Free - Posts Today: 1
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Pursuant to a sworn Notice of Copyright Infringement Claim filed by Steven Samblis, CEO/Chairman of IC Punch Media, Inc., certain images and text previously placed in this Intro Message by board moderators have been removed since they were claimed to be infringements of others' intellectual property rights.

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Welcome to IC Places




IC Punch Media (Official Fan of Punch Tv)



1211 Orange Ave Suite 300
Winter Park, FL 32789

Phone: (407) 442-0309



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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#113099  Sticky Note R/S 1/100 ilovethedough 03/26/14 04:27:45 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
#113399   Insane that the OS is already over 500 buyinit 04/16/14 09:25:35 AM
#113398   Can u tell Steve to have "another " Bear1 04/15/14 11:24:59 PM
#113397   I swear to you if it was me erodriguez 04/15/14 11:17:35 PM
#113396   Read the new 10-k. It basically said erodriguez 04/15/14 11:04:27 PM
#113395   Just saw this. Wow! He already buyinit 04/15/14 10:41:38 PM
#113394   I guess they're 3 things in life that ilovethedough 04/15/14 10:10:58 PM
#113393   Great question... Inquiring minds want to know... LOL maynerd 04/15/14 08:35:35 PM
#113392   Steve, It seems you are trying to say PLUTUS 04/15/14 08:18:03 PM
#113391   Hey Stevie running out of beer monies or jeagerboy 04/15/14 07:44:47 PM
#113390   hmmm... Fraud… or honest mistake ??? ilovethedough 04/15/14 06:54:51 PM
#113389   Was the 10Q supposed Milesblue42 04/15/14 06:46:30 PM
#113388   SO WHEN CAN WE EXPECT THE 10KA TO ronaldo1149 04/15/14 06:43:24 PM
#113387   Number of the issuer's Common Stock outstanding as ronaldo1149 04/15/14 06:40:56 PM
#113385   So who is running the Company then? Milesblue42 04/15/14 06:36:23 PM
#113384   Maybe Steve is bipolar. This idea might not maynerd 04/15/14 06:29:30 PM
#113383   So you are using Steve's account to do maynerd 04/15/14 06:21:48 PM
#113382   From the Form10-K charlina 04/15/14 05:59:02 PM
#113381   In order to continue to protect and increase charlina 04/15/14 05:55:07 PM
#113380   so why did we wait for an extension?? charlina 04/15/14 05:49:01 PM
#113379   IMO, Steve's latest 10Q is very disturbing..... Milesblue42 04/15/14 05:48:58 PM
#113378   Clear Channel deal not mentioned in the 10Q? Milesblue42 04/15/14 05:45:00 PM
#113377   Not enough revenue to Supersize a Value Meal? Milesblue42 04/15/14 05:42:29 PM
#113376   Did Steve create a Misinformation person position? Milesblue42 04/15/14 05:36:15 PM
#113374   How about a Revenue answer? Milesblue42 04/15/14 05:33:10 PM
#113373   One of the worst 10k's you will find. buyinit 04/15/14 05:30:52 PM
#113372   This is a fake press release. Collins did HollywoodFastLane 04/15/14 05:30:45 PM
#113371   Recommend everyone file a copy of the Collins surf1944 04/15/14 05:18:21 PM
#113370   Can't Change over accounts here,,,,Stevie B402 04/15/14 05:11:38 PM
#113369   Oops! Diane1 04/15/14 05:10:51 PM
#113368   If your not the CEO, who are you? buyinit 04/15/14 05:09:49 PM
#113367   He no longer posts here. I do social HollywoodFastLane 04/15/14 05:08:17 PM
#113366   Where's the K? buyinit 04/15/14 04:59:15 PM
#113365   Yes,,You Are Stevie B402 04/15/14 04:49:11 PM
#113363   This guy? OGINVU 04/15/14 04:31:14 PM
#113361 Funny, it says here that y PLUTUS 04/15/14 04:20:54 PM
#113356   If your not the CEO, who are you? buyinit 04/15/14 01:42:55 PM
#113353  Restored Looks like Stevie hired someone to post for buyinit 04/15/14 01:24:52 PM
#113352   I am not Steve. HollywoodFastLane 04/15/14 01:21:02 PM
#113351   Pop quiz steve, what is your job? PLUTUS 04/15/14 01:17:36 PM
#113349   Meaningless to this shit show scam. PLUTUS 04/15/14 01:08:11 PM
#113348   New video at Imagine TV HollywoodFastLane 04/15/14 01:03:14 PM
#113347   THE VICTORIA’S SECRET FASHION SHOW CROSSES THE POND HollywoodFastLane 04/15/14 11:52:24 AM
#113346   Yep! PNCH is thriving! Check out all the thelionwarrior 04/14/14 11:00:27 PM
#113345   Below a Penny already :-( B402 04/14/14 09:38:41 PM
#113344   Not down for long though, we have a hhi3 04/14/14 06:39:43 PM
#113343   PNCHD -40% today... I guess so ;-) Nitwit 04/14/14 06:21:55 PM
#113342   Guess tomorrow would be the 15th day? buyinit 04/14/14 04:20:09 PM
#113341   NOT has 15 more days: ronaldo1149 04/14/14 04:18:56 PM
#113340   Wonder if the K will be out today? Tic toc buyinit 04/14/14 03:38:37 PM
#113339   this response isn't mine, but definitely wins the charlina 04/14/14 01:12:07 PM