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Donnie,that post should impress new stock buyers.
According to the recent K,Punch has only 2 full time employees. Are these staff members volunteers or part time?
Read my other posts-R/S by end of Jun.,which will be the end of Punch as you know it. Steve's history says he will find another "big one" before Jun. ICplaces was gasping for air when he became a Hollywood mogul. Your reduced amount of shares will be involved in something,and it will be the next huge thing. His mostly new followers will have the secret,and us commoners will understand sometime in the future. Have you looked at his history? This co. has been reverse split twice in the last 5 yrs. He and Collins would have been wined and dined by people who know the TV/internet business if this co. was worth half as much as Samblis alludes to. This is another cruel joke on people who think that they can get rich on a penny stock. Steve was trained to seperate trusting people from their money at a young age. He is still doing it at 52. The real good ones are sitting on the beach,Steve had to file bankruptcy in one of the best economic periods in this country's history. With enough trusting peoples' help,Samblis will make it to the beach.
There it is-the open ended "people will eventually be as smart as we are" statement. Guess what,if Samblis had a 6 to 8 mil equity position this pos would have been sold last year. If he had that equity position he wouldn't be dealing with convertable notes. Zero cash, horrible programming and unaudited assets will doom this pos by the end of june.
The only sure thing is a R/S this year.
Great comeback. Just answer 1 of those questions.
He hasn't answered where he will get 3 mil dollars. Without that 3 mil,how will the co. compete? Samblis continues to say that he started a network with less than 10 mil. Anyone could start a Punch type network with way less than 10 mil,they would just go broke. He says"Big things on the horizon",what? He hasn't answered any questions. The K was 2 weeks late because he didn't have $14,000. The whole meeting and late K were to pump pps-didn't work. The "network" keeps sending a signal that's lost in space.
He hasn't answered where he will get 3 mil dollars. Without that 3 mil,how will the co. compete? Samblis continues to say that he started a network with less than 10 mil. Anyone could start a Punch type network with way less than 10 mil,they would just go broke. He says"Big things on the horizon",what? He hasn't answered any questions. The K was 2 weeks late because he didn't have $14,000. The whole meeting and late K were to pump pps-didn't work. The "network" keeps sending a signal that's lost in space.
Which untapped markets are you talking about? Internet TV is way out ahead of this pos. You can't tap anything with no money. For anyone holding this stock long,where is Samblis going to get the money to compete in a market with Google and all of the other internet players? Punch is featuring Horse Talk. Google is testing 12 series on the net voted on by viewers. Netflix is back and is a dominate force on the net. Punch is featuring Hunny something. Someone please tell me how punch competes with zero dollars. Maybe they can go on Rabbit Stick with 5000 other wannabes. The only answers I see are GO PUNCH!! or Punch will be at a dollar. These are real questions that no one will ask the CEO. Being 1 of 30 contributors on an airport test won't get it. Horse Talk won't get it. "Big news coming" won't get it. What is the business plan other than trying to find 3 million dollars?
A new business always needs money,most don't borrow using convertable notes. The CEO is methodically destroying this co. A R/S is going to happen. If you don't get ready for it,you are dead in the water.
It's a little easier to figure futures based on # of shares outstanding ,sales volume and history. Basically you are saying that you HOPE the shares go up. I think that shares could go up just as soon as Samblis reduces the amount of shares by doing a reverse split. Lets watch and see what happens. Either way,good luck.
How do you know that?
You are correct,most new companies need to borrow. If most new companies had to pay the interest that PNCH pays on convertibles none would survive. Borrowing is fine,750%interest isn't fine.
I don't know if that was directed to me,but I just want to know the amt. of help Punch was to 12 step recovery. Surely you can tell us that.
How did PNCH help the 12 step program?
It's OK for you to buy into the pump and sell,but it's really not a pump and dump. That's priceless.
When you don't have any positive news on a stock,you have to make some up. We are supposed to be impressed that Punch is on the list that means nothing. You won't get a straight answer,remember who owns this co.
I still have no idea what you are talking about. I know that neither one of them went to the Nat. Assoc. of Broadcasters meeting,so why would they go to this one? Outside of this little circle no one knows or cares who Punch TV is.
Darko-what does that have to do with anything?
Still lists Peter as CFO-Note the cover sheet from the CPA-Addressed to ICPA on the 15th.
Sems like there would be some folks too lazy to check the filings would be over looking and asking.
Quest,Yahoo finance shows PNCH with $886,000 in net profit and nobody even cared. It's still up on Yahoo.
I will
LA mystery solved. It's Dothan in Lower Alabama.
Not lying,just bending the truth. That's how he was taught.
Nope. Stevie says whatever makes the crowd happy.
If any real volume comes in this will be in 3s. The short bus group is spending their payday advances.
Can't find punch on the LA channel. I guess Steve doesn't think that anyone will look,since nobody else does. Good station though,Peace TV. This entire thing is a joke. Rev. Perv is a joke,Samblis is a joke. Peeps are buying $35 worth, it's like they are filling up with gas. "I need $40 of PNCH on pump 6".
Great post. We could close the board for the rest of the day. The problem couldn't be described any better.
You need cash to buy back stock. R/S by July.
Steve needs to send in the yahoo numbers.Pull up PNCH on Yahoo finance and damn if PNCH didn't make $886,000. That's what it shows.It must be true,it's on the internet. Take a look.
New definition of solid close-Trade $2000,do a paint job up to the previous days pps. Fuzzy math. Good try though.
You are so correct. He puts deals together to sell large amounts of stock,just the way he was trained at the big penny house. I think that he might be seeing this as a real co. He can do the convertables,sell stock and maybe bring in some ad revs. The problem he has is that he doesn't know how to run a TV network. I think he has to R/S this thing to get the price up or it will dry up and blow away. My guess is sooner than later. Like summer.
Urban TV-No Sponsors for beer,malt liquor,automobiles,auto parts,clothing,jewelry. Where is Steve's sales team that he PR'd in Dec? No sales commission on K. Just another clue that this might not be a real co. in the long term. Hey! Let's start a countdown to the R/S. This R/S will be the 3rd one in 6 years.
Yuu could be wired in to every house in America and people still wouldn't watch what Punch is broadcasting. That's the problem here,sith. They are buying shows from production companies that can't sell the product anywhere else. It is worse than some of the camcorder clips that you see on the internet. Steve can talk all that he wants to about building a network,his dream,etc.,but it doesn't make the product any better. He and Collins must think that minorities will watch anything put in front of them. He has underestimated his audience. Collins just wanted to preach and have family content. Just shows what a man will do for money.
You,the IRS and the SEC can take his word.
maybe they can borrow against the unaudited assets. That $650,000 film library has got to be full of some real gems.
Tryin' to make an honest living.
Those numbers have nothing to do with Punch,other than tell us how many houses your signal might fly over. Losers list households,winners list ratings.