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Great idea Miles-E-mail Steve and let him know about your idea. I bet he hasn't even thought about that. He could immediately buy back $1100 worth,since that's the cash on hand. Maybe he could sell some of those intangible assets. This could be the start of a whole new pinkie trend,just like shareholders meetings. Go PNCH
#4 according to which ratings co.?
How smart can an investor feel when the CEO of the company he is invested in is a pathological liar? How smart can that investor feel if the CEO has already reverse spkit the company twice when the co. tanked? This co. doesn't have much chance of being here in Nov.
You and other longs are taking a beating but any good news that may help increase the pps has to be kept secret. That makes absolutely no sense. If Samblis had anything even close to the truth he would have already spread the word. Sounds to me like some more of Steve's tactics to keep what he has left under his control. A company that is 8 mil in the hole doesn't really have any secrets.
Wonder if that alleged revenue got diverted to another corp.?
What is your honest opinion about why nov. is the key month? Remember,this past nov. was to be a key month also.
The road to PNCH success is a dead end. Hang on to your shares,you'll get more on the R/S.
A commitment from which advertisers? Surely it's true,the Rev. said so.
No one ever said CC wouldn't touch PNCH. It's a perfect match for a trial. 4 yr cotract is a joke. Wasn't mentioned in the K because it isn't long term. Good try on a P+G rumor. As every major corp. does,P+G uses outside Ad agencies. A lone P+G employee wouldn't be dispatched to LA to a comedy club to check out an OTA loser.The conspiracy theory is getting real old,too. MMs don't have it in for a sub,sub penny. Hate it that so many of you are left with a bag,but a little DD would have saved some stress. Read posts from 2 yrs. ago and you can chart exactly what is happening right now with PNCH. Samblis is just repeating his scam.
I don't understand your message. I have screamed for 2 months about the upfront adv 10-12 mil. Where is it? I'm missing something.
Insanant,that's quite a statement. "Free will be the future. Everyone already knows that".This is America,home of the big spenders. We buy what we want when we want it. That is the way the USA rolls,and don't count on that changing. The overwhelming majority of viewers prove your statement wrong. I guess that us football fans in the south will just give up watching the SEC. New Yorkers will throw away the Yankees. 9 million people per night will just say no to the no spin zone. We live in a society that pays for RADIO. 25 million shutins watch church each week on cable. Bain Capital fronts Ryan Seacrest 300mil. to find more TV media. Do you think Seacrest is looking for OTA outlets? No,he and Mark Cuban have a new cable station. Maybe those two need to talk to Samblis before making anymore moves. Steve Samblis latched on to a loser in the TV business,but as usual Samblis wasn't looking for a great product,he was looking for a home to operate a stock selling scheme, and sell he did. When it needed a tweak he just picked some assets out of mid air. It may not be this month or next month,but beware of the reverse split. Go back and look at the posts 2 years ago and you can see Samblis in action. R/S and a new group of sheep. As for Proctor and Gamble,I'm sure they were impressed with the latest financials.
In Dec. Clear channel purchased a minority interest in Seacrest Productions to help CC go beyond the radio business and identify media opportunities for CC. CC helped arrange a 300mil line of credit for Seacrest through Bain Cap. I would find it hard to believe that CC would go outside their own company once the airport test is complete. There are seversl articles that spell the arrangement out in detail. Google Clear Channel/Seacrest and take your pick. The Hollywood reporter article is excellent. As for the cord cutting the NAB (Nat. Assoc. of Broadcasters)goes with the 10% number on OTA. They don't get their info from independent antenna shops. The NAB met last week in Las Vegas with thousands of people from the TV broadcast business.For some reason Punch didn't go. I guess with only 2 employees they wouldn't have anyone to answer the phone.
You keep saying that Punch is filling a need. Does it make you wonder why the real networks know where the viewers are? Punch couldn't give an advertiser a viewer number if their future depended on it. Problem is their future does depend on it. Steve will milk this for all it's worth and move on to the next Samblis ripoff.
The OTA numbers have dropped considerably. Advertisers don't have clear numbers and Nielsen isn't going out of it's way to come up with those numbers. PNCH is a niche within a niche. TBS didn't begin with new programming. They showed the Braves and reruns of hundreds of series and movies. Turners movie library was large enough to spin off TCM. They were also on sat. and every cable in the country. PNCH is a share selling scheme that happens to use Punch as a vehicle. No one is watching Punch. Steve doesn't care if anyone watches Punch. He found a "network" that the smart money in LA had said no to and he saw a perfect mark in Collins. The rest of the story is on the K that was released yesterday.
Maybe Steve ran out of convertables. Invites you to a party and then just screws you to a wall.
Sad day for people who believed Samblis. No cash,no assets,this co. is a joke. Could have been an interesting co. if Samblis wasn't involved. Read the posts from 2 years ago. Same exact situation. R/S is the only way out.
You might want to wait a little longer. Not sure this is a swing. Take a look at how much Samblis has dumped today. Your 200k won't have much effect.
This was the best K he had ever worked on. He will slide the knife in and smile at you while he does it.
The Market makers are filling orders. Place blame where it belongs,the CEO. Investors read the K. They are selling because the co. is a loser. No conspiracy. Very simple.
Only if you hold convertables.
Read the last page of the K. Samblis spells it out pretty clearly how he plans on using the stock. No one in there right mind will lend this co. money. Convertables will eventually take it down. Even if it had a future,which it doesn't,a buyer would just wait for the doors to close. Nice BYOB party Steve,but that didn't work either.
The K says that the co. isn't even a candidate for a sale. The TANGIBLE assets are worth 10cents on the dollar,the intangibles are worth nothing. Try to sell that increase in revs to somebody,they will laugh in your face. Steve needs to take the $1100 and buy plywood for the windows and start selling penny stocks to old ladies again. There isn't anything to even bankrupt. He owns the most,he is owed the most. There is no way to raise the funds to keep this joke going. His only out is a R/S and find another group of people who are turned on by the word Hollywood. And unfortunately they are probably out there.
Stop with the MM conspiracy. The company is the problem,not the people trading it. Leave it alone. Go read the K again.
So without dilution PNCH would still be .008? Doesn't say much for PNCH.
It's not so bad,if he could just increase sales by 10 times,come up with another 3mil in intangible assets he would only have lost a couple of million. Somebody tell me where the 3-5mil is coming from? The last paragraph says that he will turn this thing around by selling common stock,or trading common stock for services rendered. That can't be done with the current numbers,so maybe we will see 6 billion shares. Unless Samblis has struck oil underneath his rented office this dog won't hunt. It won't even come out of the dog house. Just remember; the CEO filed bankruptcy during the most bullish time in our history. And he was doing what he was supposedly trained to do. Now,during lean times he wants to be a Hollywood mogul with a TV station that no one watches. There is only one way to play this stock-buy into the lies,sell before the truth comes out.
There are people on this board who think that it was a good fiancial statement. Then there are the ones who know the "secret" that is going to make Punch really big,a few quarters from now. I really was impressed at Steve's assets. If you can't make money,make assets. How in the hell does someone spend 6mil to do 195thou.? Where are last falls adv. up front $$. Collins and Samblis both said there was 10mil that came with the deal. Please don't waste peoples time with goofy percentages. This co. is a joke.
I do own stock in this pos. Hearing the same big dreams month after month,quarter after quarter gets a little old. There isn't anything you or anyone else knows that matters. You,like every other shareholder have no input into whatever Steve's next folly is. The co. is flat broke and can't borrow from anyone but a legal loanshark. So Rebel,I am only interested in real answers and you don't have any. Unfortunately,neither does Steve.
Incredible. Was it the little finger sliding into the little finger? Was it a short handshake or did you hold it for 10 or 15 seconds? I knew that big news would come out of this meeting
So Steve is withholding discussions from a shareholder meeting? What could possibly have been talked about that is secret?
Down 7% after the biggest event in Hollywood. Next comes the K which,according to several posters,will answer all of the lies about PNCH. Should be fun to watch.
What lies will be cleared up. If someone happends to disagree with Steve's position,why is that a lie? Please explain which lies you are talking about.
"your .05s" were accomplished by a third party(wonder who) spending $40grand on pumps.Look back at the insider trading at that time and you will see why. He doesn't need to sell his shares anymore because he has the convertables.
A poster said that the people from last night need to call their stockbroker. Someone,anyone call your broker and tell him you want to buy a million shares of PNCH. Ask his opinion. Tell us what he says.
There is no good explanation for holding the K
There is nothing long term about anOTA TV "network"
Promising results on future Qs is the oldest line in the penny game
There is no future as a small provider with CC-They bought their own production co.
The Jon Lovitz CC is the hottest club in LA,those lines were for the entertainment
The most incredible thing that you said was that"Steve said so himself" Steve is one of the most prolific liars in the penny game.
Not many institutional buyers looking at an 8 yr. loser. Seacrest has institutional buyers with AXS. Guy by the name of Cuban.Institutional buyers tend to look at co.s who have a CFO handling the finances,not the CEO who is cashing convertable notes. Sub penny stocks are generally in the hands of people who are purely speculating.
1000 Hollywood hitters and 2 mil shares. Are the people who heard the pitch waiting for something else?
I haven't heard anything new. I've heard some wild attendance BS,but what is new? Did anyone have the balls to ask about convertable notes and Steve's relationship to those notes?
Sounds like an Amway meeting broke out.
Still having edgar problems?
That can be confirmed easily tomorrow. Why did he lie about the K? What else is he lying about?