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Last Post: 8/27/2014 9:00:23 AM - Followers: 519 - Board type: Free - Posts Today: 3

SHARE SELLING SCAM


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***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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Wiki
PNCH News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 08/13/2014 06:01:30 AM
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
PostSubject
#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
#16150   fly, shark,perch----- go to MSN home page rwh01 02/27/12 12:57:49 PM
#16149   VERT and NITE both on BID at 0.0038...HDSN babuji 02/27/12 12:51:27 PM
#16148   I like the increase in volume and think Ghost_Dog 02/27/12 12:46:29 PM
#16147   Nice bid support, and looking good here. We sharky 02/27/12 12:46:05 PM
#16146   Congrats, the real winner is ICPA, don't wait sharky 02/27/12 12:26:46 PM
#16145   LoL, awesome! Insanant 02/27/12 12:03:50 PM
#16144   Primed and ready.... fly_fisherman 02/27/12 11:49:15 AM
#16143   Lol! Nice job!!!! thelionwarrior 02/27/12 11:47:45 AM
#16142   Some just want a quick day or week Balltilian 02/27/12 11:34:54 AM
#16141   Yes.... On Ic Places Hollywood I won the TheInvincibleBull 02/27/12 11:33:00 AM
#16140   38x4 with good support..... sharky 02/27/12 11:10:30 AM
#16139   Never live for today, you die tomorrow. :) sharky 02/27/12 11:09:45 AM
#16138   OK THEN, WHY ARE PEOPLE SELLING OFF??????? playtowinthegame 02/27/12 11:05:11 AM
#16137   We are setting up nicely, the bid continues shadow14 02/27/12 11:05:10 AM
#16136   Hmmm it's been really quiet this weekend... Can't thelionwarrior 02/27/12 11:03:39 AM
#16134   IF WE JUST CONTINUE TO HOLD, WONT THE playtowinthegame 02/27/12 11:00:26 AM
#16133   Fight it off, we know what we have sharky 02/27/12 10:50:13 AM
#16132   News please.... Bear1 02/27/12 10:49:21 AM
#16131   WE NEED SOME GOOD NEWS! DKmassile 02/27/12 10:34:18 AM
#16130   nite games again. Back to 2.6m wall to Bman1 02/27/12 10:21:38 AM
#16129   220100 left of .004's sharky 02/27/12 10:17:58 AM
#16128   NICE BID SUPPORT...Nite trying to box in the babuji 02/27/12 10:09:06 AM
#16127   Good bid support at 4. Hopefully we are questions1 02/27/12 10:07:37 AM
#16126   thanks, and nice to see some support at.4 robertshao 02/27/12 10:06:52 AM
#16125   I've slapped the ask twice and got it bluz66 02/27/12 10:05:14 AM
#16124   88000 left of .0044's sharky 02/27/12 09:35:01 AM
#16123   Looked like a speedy bid whack on the 4s. questions1 02/27/12 09:33:33 AM
#16122   .004x.0044 rise!!!! sharky 02/27/12 09:31:15 AM
#16121   Hold the shares, bury the float, and burn sharky 02/27/12 09:20:05 AM
#16119   Worry about your stock picks please. Another dbcrim 02/27/12 08:58:16 AM
#16118   IMO, we may have another week. I don't Milesblue42 02/27/12 08:33:55 AM
#16117   Early but current bid ask .0035x.004...Not exciting thats questions1 02/27/12 08:28:10 AM
#16116   Good morning ICPA faithful... is this the week? playtowinthegame 02/27/12 08:07:15 AM
#16115   ICPA will make the patient happy, forget the sharky 02/27/12 08:00:51 AM
#16113   Until you can put in an order of Milesblue42 02/27/12 03:26:15 AM
#16111   I have a feeling we're in store for DarthTrader3 02/27/12 01:56:44 AM
#16110   What? Im at a total loss here. Ahhh questions1 02/27/12 01:25:41 AM
#16108   Thank goodness because another generation of ...'s will Insanant 02/27/12 12:26:00 AM
#16106   Well not really news more like revenue projections. Insanant 02/27/12 12:11:08 AM
#16105   Tung and Fly, Silversurfer1 02/27/12 12:06:43 AM
#16104   Lets make em cover this week: 20120224/ICPA/1549930/0/4656429/O sharky 02/26/12 10:45:33 PM
#16103   You're absolutely right. Quest P 02/26/12 10:44:40 PM
#16101   And what exactly does that have to do Quest P 02/26/12 10:30:52 PM
#16100   ICPA is a buy and hold and buy babuji 02/26/12 10:20:36 PM
#16099   Welcome all new posters to the board, join sharky 02/26/12 10:06:15 PM
#16098   You bet he is.... fly_fisherman 02/26/12 09:58:57 PM
#16097   If they can't get the stock and what tungtung 02/26/12 09:52:17 PM
#16096   Samblis is VIP at nba all star weekend, Chaebol 02/26/12 09:35:31 PM
#16094   we got this straight up, clinched wrapped up Spuds McKenz66 02/26/12 09:14:50 PM
#16093   Hmmm see the ... fly_fisherman 02/26/12 09:13:54 PM
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