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Imagination TV Inc. (PNCHD)

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Last Post: 10/26/2014 12:14:06 AM - Followers: 509 - Board type: Free - Posts Today: 1

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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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Wiki
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
PostSubject
#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
#16250   Impatient ones should re-enter, or chase, when all sharky 02/27/12 07:48:52 PM
#16249   Someone probably aready posted this, but I felt sharky 02/27/12 07:47:18 PM
#16248   Peace...Steve hasn't mentioned Gene Simmons once since the Sat Naam 02/27/12 07:46:16 PM
#16247   Peace...That is not verified. Sat Naam 02/27/12 07:37:39 PM
#16246   Im in Fl. I have seen it. the Balltilian 02/27/12 07:37:32 PM
#16245   I think it means they are going to falcon44 02/27/12 07:36:31 PM
#16244   Going into stronger hands, we all know the sharky 02/27/12 07:36:11 PM
#16243   Has anyone heard anything back from Stock Traders playtowinthegame 02/27/12 07:36:04 PM
#16242   Folks I wouldn't mind this thing dipping into playtowinthegame 02/27/12 07:32:04 PM
#16241   I don't like this "We are going to Insanant 02/27/12 07:23:56 PM
#16240   Every Dog has its day, and we are Balltilian 02/27/12 07:14:58 PM
#16239   He was on STT radio already and talked babuji 02/27/12 07:05:24 PM
#16238   Yes sir .... fly_fisherman 02/27/12 07:03:24 PM
#16237   See ya tomorrow everyone...and someone is buying all babuji 02/27/12 07:01:31 PM
#16236   When is stt coming up? Balltilian 02/27/12 06:59:21 PM
#16235   Steve knows how to get it done... fly_fisherman 02/27/12 06:57:42 PM
#16234   Nothing is free, my friend. If it was Balltilian 02/27/12 06:57:25 PM
#16233   Gotcha.... fly_fisherman 02/27/12 06:55:33 PM
#16232   Hey fly, thats what I think....everything is going babuji 02/27/12 06:53:51 PM
#16231   Yeah your probably right. I viewed it as questions1 02/27/12 06:48:06 PM
#16230   Thats not the deal... fly_fisherman 02/27/12 06:44:34 PM
#16229   Although I saw that there was a meeting questions1 02/27/12 06:39:14 PM
#16228   I believe that one.... fly_fisherman 02/27/12 06:37:58 PM
#16227   From Urban Beat Hollywood...update shadow14 02/27/12 06:36:05 PM
#16226   Don't forget Gene Simmons deal in the works.... babuji 02/27/12 06:35:22 PM
#16225   So Doritos is a paying sponsor for the Milesblue42 02/27/12 06:34:17 PM
#16224   I agree don't be in a stock you Insanant 02/27/12 06:21:50 PM
#16223   Awesome list bro! Ghost_Dog 02/27/12 06:19:47 PM
#16222   That's why one should never set stop-losses, because DarthTrader3 02/27/12 06:17:21 PM
#16221   Folks, when this gets hot... fly_fisherman 02/27/12 06:13:56 PM
#16220   So if im right(which Im probably not) we questions1 02/27/12 06:10:28 PM
#16219   Wow thanks for the update. Hope they like questions1 02/27/12 05:32:27 PM
#16218   in hand now yahooooo! Spuds McKenz66 02/27/12 05:30:31 PM
#16217   I really do not think so. Doritos for Balltilian 02/27/12 05:16:03 PM
#16216   I have stumbled across TV one. They have Balltilian 02/27/12 05:10:41 PM
#16215   This is what we needed. Pretty sure we TheInvincibleBull 02/27/12 05:09:31 PM
#16214   Link to Urban Beat Hollywood FB buckhunter102001 02/27/12 05:08:51 PM
#16213   I'm glad that I added more cheap shares today. 07wns 02/27/12 05:06:45 PM
#16212   BINGO Spuds McKenz66 02/27/12 05:03:33 PM
#16211   Wow, huge update! Thanks for sharing. If all ArgyleDaveries 02/27/12 05:02:14 PM
#16210   Urban Beat Hollywood jaspo 02/27/12 04:56:29 PM
#16209   I'm not worried about it. I know this thelionwarrior 02/27/12 04:54:19 PM
#16208   please don't buy back into ICPA you have TheInvincibleBull 02/27/12 04:36:18 PM
#16207   What is going on here guys? What's with ArgyleDaveries 02/27/12 04:36:16 PM
#16206   Interesting...Considering you haven't made a single comment on buckhunter102001 02/27/12 04:32:14 PM
#16205   That makes sense you were the guy bid Insanant 02/27/12 04:24:18 PM
#16204   We all believe you LOL Chaebol 02/27/12 04:17:54 PM
#16202   Don't feel bad for them. Just an exchange questions1 02/27/12 04:08:55 PM
#16201   Last time trades like 12.5 mil went through(and babuji 02/27/12 04:08:40 PM
#16200   I feel sorry for them sharky.... fly_fisherman 02/27/12 04:04:10 PM
PostSubject