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Imagination TV Inc. (PNCHD)

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Last Post: 10/22/2014 9:34:54 AM - Followers: 509 - Board type: Free - Posts Today: 2

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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
#117308   He needs to keep the stock at meadow2009 10/22/14 09:34:53 AM
#117307   Classic rinse and repeat. He weeded all of hhi3 10/22/14 08:40:20 AM
#117306   At $50.00 a share I would still be graydave 10/21/14 09:15:28 PM
#117305   When the share price gets to $50.00 I'll hhi3 10/21/14 08:13:54 PM
#117304   If course when anyone Googles Steve Samblis or graydave 10/21/14 07:12:55 PM
#117303   As soon as the D comes off the graydave 10/21/14 07:10:13 PM
#117302   This whole thing has become a joke. Reverse hhi3 10/21/14 06:06:46 PM
#117301   Whatever happened to other network?You know Drivein tv! ronaldo1149 10/21/14 05:00:04 PM
#117300   Forgive me if my math is wrong. meadow2009 10/21/14 03:03:29 PM
#117299   Is SS part of a FBI sting operation? StockdungU 10/21/14 10:04:57 AM
#117298   "the launch of the first hosted self-help television network" StockdungU 10/21/14 09:55:49 AM
#117297   He has earned it. hhi3 10/20/14 08:20:17 PM
#117296   IMO it is a SEC setup-they will prosecute SS. getmoreshares 10/20/14 05:39:35 PM
#117295   I'm sure there are other CEOs of these hhi3 10/20/14 03:19:17 PM
#117294   with 500 shares left I cant afford to rl44 10/20/14 02:37:47 PM
#117293   It does not matter meadow2009 10/20/14 10:05:33 AM
#117292   That is an amazing post. Shows what an PLUTUS 10/19/14 10:28:00 PM
#117291   If you had $10,000 worth of stock 2 Charlie48 10/19/14 05:11:18 PM
#117290   IMO next Steve Samblis R/S Spring 2015....or sooner? Milesblue42 10/19/14 11:31:02 AM
#117289   Name Change to make Samblis DD more challenging? Milesblue42 10/19/14 11:22:26 AM
#117288   And to one time I truly believed Diane1 10/19/14 10:44:52 AM
#117287   OMG! Another reverse spit...seriously!! Diane1 10/19/14 10:42:48 AM
#117286   Hopefully new investors will do their DD and Diane1 10/19/14 10:39:53 AM
#117285   Very timely as well,new symbol in 20 business ronaldo1149 10/19/14 09:04:32 AM
#117284   PNCHD a must read! ANOTHER Reverse Slpit ! Well folks… buyinit 10/19/14 07:56:10 AM
#117283   PNCH has now done 4 reverse splits in buyinit 10/19/14 07:42:50 AM
#117282   PNCH to R/S Change name / Ticker to trader53 10/19/14 03:47:17 AM
#117281   PNCH - to Reverse Split 1-for-300 trader53 10/19/14 03:35:12 AM
#117280   Steven... Steven Scam$hit... where are you? Won't you maynerd 10/18/14 11:50:59 AM
#117279   FINRA is still on the crack part, just maynerd 10/18/14 11:40:26 AM
#117278   Lmao, seriously he's doing another?? That's hilarious :-D DocDiggler 10/17/14 07:30:26 PM
#117277   scamblis running out his next SCAM. Pathetic. PLUTUS 10/17/14 06:54:16 PM
#117276   PNCHD AGAIN. SCAM PLUTUS 10/17/14 06:52:19 PM
#117275   He will not fool new investors--WE will see getmoreshares 10/17/14 06:27:51 PM
#117274 Probably ronaldo1149 10/17/14 05:55:09 PM
#117273   The CROOK seems to be winning-but I have getmoreshares 10/17/14 05:44:02 PM
#117272   IC Places Inc. changed to Imagination TV Inc., Renee 10/17/14 05:35:04 PM
#117271   LOL--great mis-spell--Love it. getmoreshares 10/17/14 05:06:59 PM
#117270   yep... he couldn't run everyone off, even with Charlie48 10/17/14 05:04:05 PM
#117269   Changing the ticker so he can dumb on buyinit 10/17/14 04:54:11 PM
#117268   lol..what a corksoaker Charlie48 10/17/14 04:50:37 PM
#117267   Lastly, the Company will restructure its current issued OGINVU 10/17/14 04:47:52 PM
#117266   Or IC Dead Money. slojab 10/17/14 04:12:09 PM
#117265   No bid!!! R/S integral 10/17/14 04:03:11 PM
#117264   Exactly. Stevo ain't going to allow his ATM vincelong 10/17/14 03:48:14 PM
#117263   Haha another reverse split. Amazing. buyinit 10/17/14 03:44:00 PM
#117261   Soon, Samblis will see more shares. integral 10/17/14 03:18:20 PM
#117260   No, IC less shares in my account if vincelong 10/17/14 03:16:59 PM
#117259   They should change the name to IC More Shares. integral 10/17/14 03:13:47 PM
#117258   Reverse Split meadow2009 10/17/14 03:09:15 PM