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You have evidence those are lies? Please to share this evidence with the board, I love a great read!
WAG. 7/21/15. 12:10:25 pm
I found this on another board, thanks Sharktnk for posting. does this mean SS could be held liable??
Moreover, it doesn't apply to penny stocks anyway. The more astute will put a disclaimer to their disclaimer on the order of ....
As an issuer of “penny stock,” the protection provided by the federal securities laws relating to forward looking statements does not apply to the Company.
Although federal securities laws provide a safe harbor for forward-looking statements made by a public company that files reports under the federal securities laws, this safe harbor is not available to issuers of penny stocks. As a result, the Company will not have the benefit of this safe harbor protection in the event of any legal action based upon a claim that the material provided by the Company contained a material misstatement of fact or was misleading in any material respect because of the Company’s failure to include any statements necessary to make the statements not misleading. Such an action could hurt our financial condition.
Here's the law for the adamant:
https://www.law.cornell.edu/uscode/text/15/77z-2
It's been abused for as long as I can remember
Please to show anybody where mr samblis has provided shareholders some value??? I mean seriously, 2 reverse splits in a 7 month time frame. How about all the lawsuits he files, clear vision or that Larry guy..what is the status/outcome of those or hell how about imtv's assests from punch tv? All I see is an attempt to sell more shares so either he or the toxic financiers can make a few bucks. Still 0 revenues and ohh isn't there a Q due? But hey, SS is turning things around....lol
Beware, share selling scam!!!
Good to see Steve still posting here. Ahh Steve, when are you actually gonna do some work and pull this out of the crapper? You are certainly not fooling anyone here. Stay away from this stock, no value to shareholders! One big mislead statement after another is all that goes on here
Except bring value to shareholders. That pretty much sums up SS. SS brings no value to his shareholders, ultimately all they are left with is worthless paper.
That is a FACT, that NO ONE can deny.
I'm glad to see SS still posting tho, makes for great entertainment.
Anybody who buys at these levels is taking a BIG gamble. We've seen this all before. The is one fine piece of pump and DUMP. Good luck to all and I hope you are quicker hitting the sell button then the CONpany and toxic financiers.
DANGER! 2 reverse splits in 1 year!
Hey Steven.....err(wright). Where is the latest financials??? I'm thinking his finance buddies gotta be hitting him hard to increase volume and whatever else he can do to pump this POS up so they can get their money. Ahh the tangled webs he weaves. I hope it bites him in the a$$!
Interesting read. I hope nothing like this goes on here.
Three Charged in Connection with Stock Manipulation Scheme
Defendants Allegedly Made More Than $220,000 with “Pump and Dump” Penny Stock Manipulation Scheme
U.S. Attorney’s Office
August 05, 2014
Western District of Washington
(206) 553-7970
Three men who allegedly manipulated penny stocks, and then laundered the proceeds by purchasing precious metals, were charged today in U.S. District Court in Tacoma with conspiracy to commit securities fraud and conspiracy to launder monetary instruments, announced U.S. Attorney Jenny A. Durkan. MIKHAIL GALAS, 24, of Vancouver, Washington was arrested in Long Beach, California after he arrived on a flight from Portland, Oregon. He will make his initial appearance in U.S. District Court in Los Angeles. CHRISTOPHER MROWCA, 24, was arrested in Bradenton, Florida and will make his initial appearance in Tampa. ALEXANDER HAWATMEH, 23, of Salem, Oregon is incarcerated in Oregon on an unrelated charge and will appear in federal court at a later date. In addition to the arrests, searches were conducted in Vancouver, Washington, Bradenton, Florida, Salem, Oregon and Boulder, Colorado.
“Manipulative trading in penny stocks can lead to big profits for swindlers at the expense of small investors who buy the hype,” said U.S. Attorney Jenny A. Durkan. “The Securities and Exchange Commission is working closely with our office to hold these market manipulators accountable.”
In addition to the criminal complaint filed today, the Securities and Exchange Commission also filed a civil case against the men.
According to the criminal complaint, between December 2011 and April 2012, the men engaged in a scheme to make it appear that a particular penny stock was being actively traded. During that period the men accounted for 85 percent of the trades in the particular stock related to a purported flea market business in Florida. The conspirators allegedly engaged in “matched trades” where one sold shares and the other bought shares to make it appear investors were interested in the company. In fact the penny stock had little value and no business that would generate significant revenue or income. In addition to the trades to make it appear there was interest in the stock, the men sent fraudulent and misleading “blast” e-mails through promotional websites and e-mail addresses under their control with the intent of increasing demand for the stock. The blast e-mails enticed other unknowing investors to buy the stock – then the men sold their shares, earning a profit of more than $223,000. CHRISTOPHER MROWCA and ALEXANDER HAWATMEH then engaged in a scheme to launder the proceeds of the illegal stock manipulation scheme by passing the money through third party accounts and ultimately purchasing gold and silver bars.
Conspiracy to commit securities fraud is punishable by up to five years in prison and a $250,000 fine. Conspiracy to launder monetary instruments is punishable by up to 20 years in prison.
The charges contained in the complaint are only allegations. A person is presumed innocent unless and until he or she is proven guilty beyond a reasonable doubt in a court of law.
The case is being investigated by the FBI. The case is being prosecuted by Assistant United States Attorneys Justin Arnold and Katheryn Kim Frierson.
Press contact for the U.S. Attorney’s Office is Emily Langlie at (206) 553-4110 or Emily.Langlie@usdoj.gov.
I see Mr Samblis stopped by to call posters names. Ahhh gotta love a CEO more concerned about a message board than his own business. Say Mr. S, how you liking this volume lately??
Couldn't help myself, took a small position today. Good luck to all and goo SLNX!
Mr. Samblis, a moment of your time please. Looking at the financials over the last few quarters and noticed not 1 dollar or revenue! Please to explain to us how this new venture " uncommon denominator" will be paid for? Or better yet, how much will this cost shareholders?
I wonder when we will see a PR stating some big Asian name is going to translate the self help website to Chinese? You know that has to be in the works. With a billion people, that's a resource just waiting to be tapped!
I'm sure Steve kept his contacts from the last Chinese deal ic places did.
His "network" produces 0 zero, zip, nada of revenues. How is that exactly cool? He has nothing more than a channel on the Filmon platform. Did I mention that it produces ZERO revenues? It's all in the filings.
Networks?? That's funny, doesn't he already have VU television "network" that produces 0 revenue on Filmon? Now he wants to "launch" another "network" on Filmon. We are supposed to believe THIS new "network" is going to produce revenues when his other one did not? Aye carumba!
Hey Mr. Samblis, how are you doing with this trading action the last few days?? I understand the company is looking for "new money". How's that working out for ya?
This thing was in BLAST OFF mode today! I'm sooo happy this company " turned a corner". Days like today...hell, it'll be no time before this thing goes to da moon! Are ya feeling PNCHed yet?
here ya go.... ALL the facts ya need.
http://friendsofvutv.wordpress.com/
BWAHAHA Hows that working out?? Remember this???
IC Punch Media Revokes Recession of Asset Purchase Agreement of Punch TV and Hires Law Firm to Regain Control of Assets
http://www.icplaces.com/los-angeles/ic-punch-media-revokes-recession-asset-purchase-agreement-punch-tv-and-hires-law-firm-regain-control
Los Angeles, CA --Monday, December 9, 2013 IC Punch Media, Inc. (OTCQB: PNCH) announced today that on Friday, November 15, 2013 the company issued a Revocation of Rescission Notice to Joseph Collins and Punch TV Inc. The Notice was delivered to Collins and his attorney Shaune Arnold.
The Revocation of Rescission Notice informed Collins and Punch that IC Punch Media, Inc. revoked the agreement to rescind the Asset Purchase agreement of the all assets of Punch TV.
About the The Asset Purchase Agreement
On July 10th 2012 The Asset Purchase Agreement was entered into by and between IC Places, Inc., a Delaware corporation maintaining its principal place of business at 1211 Orange Avenue, Suite 300, Winter Park, Florida 32789 (“IC Places”) and Punch Television Network, Incorporated, a California corporation maintaining its principal place of business at 2698 Dawson Avenue, Signal Hill.
The "Acquired Assets” included all right, title, and interest in and to the assets of Punch, including certain of its (a) approvals, permits, licenses, orders, registrations, certificates, variances, and similar rights obtained from governments and governmental agencies regarding utilization of the Acquired Assets, (b) books, records, ledgers, files, documents, correspondence, lists, plats, architectural plans, drawings, and specifications, creative materials, advertising and promotional materials, studies, reports, and other printed or written materials relating to the Acquired Assets as well as the broadcast rights relating to the affiliated television stations identified on Exhibit B; provided, however, that the Acquired Assets shall not include (i) the corporate charter, qualifications to conduct business as a foreign corporation, arrangements with registered agents relating to foreign qualifications, taxpayer and other identification numbers, seals, minute books, stock transfer books, blank stock certificates, and other documents relating to the organization, maintenance, and existence of Punch as a corporation or (ii) any of the rights of Punch under this Agreement (or under any side agreement between Punch on the one hand.
Under the Assumption of Liabilities, the Parties agreed that neither IC Places nor any of its designees shall assume or become responsible for any Liabilities of Punch with respect to the Acquired Assets at the Closing or at any time thereafter. All Liabilities of Punch in existence at the Closing shall continue to be Liabilities of Punch subsequent to the Closing until thereafter extinguished. The Parties further agree that IC Places shall not have any liability to any person or entity, including any governmental or other regulatory agency in connection with any activity contemplated by Punch and/or all persons and/or entities acting in concert or participation with them. Punch hereby agrees to indemnify and hold harmless IC Places with respect to all Liabilities and any Adverse Consequence that may arise from any activity or conduct of Punch and/or all persons and/or entities acting in concert or participation with them.
The Governing Law of the Agreement was governed by and construed in accordance with the
domestic laws of the State of Florida without giving effect to any choice or conflict of law provision or rule (whether of the State of California or any other jurisdiction)
Inclusion in Public Records
The actual assets purchased from Punch TV where included in IC Punch Media’s Form 10K Filed April 14th 2013 with the SEC after being physically audited in the company’s Signal Hill offices by auditors Drake & Klein CPAs.
http://www.sec.gov/Archives/edgar/data/1437596/000155724013000076/pnch_10k-dec31201.htm
Reason for the Revocation of Rescission
After Collins and Punch TV received 135 million shares of the company’s common stock (valued at 3.5 million at the time of the transaction) for the purchase of all Punch assets, Collins either sold and or transferred those shares to other individuals. Being that Punch and Collins no longer own those shares and no longer control them, they cannot return them. As such, rendering the rescission impossible.
Representation
On November 18th, 2013 IC Punch Media Inc. retained The Kernan Law Firm in Beverly Hills, California. To represent the company in reacquiring the assets purchased by IC Punch Media Inc. July 10th 2012 via the jointly agreed upon ASSET PURCHASE AGREEMENT BETWEEN IC PLACES, INC. AND PUNCH, INC.
The Kernan Law Firm has informed the company that Collins and Punch TV Inc. had agreed the beginning of December that they will attend a Mediation in Los Angeles, CA the first quarter of 2014 with IC Punch Media as a step in resolving the matter.
IC Places Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
From the Form10-K
Before you invest in our common stock, you should be aware that there are risks, as described below. You should carefully consider these risk factors together with all of the other information included in this prospectus before you decide to purchase shares of our common stock. Any of the following risks could adversely affect our business, financial condition and results of operations. We have incurred substantial losses from inception while realizing limited revenues and we may never generate substantial revenues or be profitable in the future.
this might be the most truthful thing ive seen this company say in a long time. this should be stickied!
In order to continue to protect and increase shareholder value management believes that it may, from time to time, consider alternative management strategies to create value for the company or additional revenues. Strategies to be reviewed may include acquisitions; roll-ups; strategic alliances; joint ventures on large projects; issuing common stock as compensation in lieu of cash; and/or mergers.
from the form10-k.
when have you protected shareholder value, let alone increase it! FARSE!
so why did we wait for an extension?? was it so hard to report 0$$ I mean seriously, what are you doing Mr Samblis??? obviously doing NOTHING to bring value to shareholders. and "we've turned a corner" you mean, abandoned us??
this response isn't mine, but definitely wins the internet today! this is in response to said "deal"
So how did that deal work? Did your right hand shake your left hand, and that was a done deal?
I see Steve assigned a new pet over on the pumper board! I wonder how many shares or insider information they receive for deleting the truth?? Got to love the transparency here!
WOW! some people are still FANS of this company and Mr S.
it's as if their head is buried in the snow!
I guess you just cant fix stupid!
I see Mr S stopped by, but not a word about the direction of the company. Ahh Mr. S. well played on being a typical penny stock CEO
Let's burn the place down! Hopefully by May 1 , it"ll be back in the trips and won't be tradeable. Ahhh SS....YOU ARE THE WORST CEO EVER! NBC here in Los Angeles has an investigation reporter, I bet he'd love to hear from a bunch of people. Seeing how this is Hollywood and he's fronting like he's a player, would make a good story how he's manipulating people and working with CC and WB. KNBC IS THE STATION, CLICK ON INVESTIGATION AND SUBMIT AN EMAIL
Aye carumba!!
Where in the world are these shares coming from?? let me guess, just MM's playing games back and forth?? shorts not covering?? boogeyman?? Can we even see a penny in this thing the way the shares have been dumped lately?? Im still hopeful and have bought a few more, but something tells me i am better off buying a Megabucks and hitting that! Good luck to all...looks like we are definitely gonna need it
Sakes alive! This "cash cow" is a mooing lately right billy ray john tom bob?? This "cash cow" needs to be taken out to pasture and well, you get the idea! BAM!
****Tuesday-October-29th-2013---Stay Tuned!**** ohh boy, i get to look forward to these for another month!
LOL go PNCH/IC Places/VU Television/??
come on everyone knows its an MM fishing trip! bwahahaha i cant even buy that one!
ahh good ol PNCH(ya in the gut) kinda appropriate they named it PUNCH.
CVDN says 12 Airports by the END of the year ! Rev's from that alone puts us over a nickle ! Got your tickets yet ?
is that a fact or just speculation?
funny, i've never heard Mr Samblis mention any kind of revenue numbers concerning the airport deal. Do you know something he doesn't? or maybe just wishful thinking? i'd bet the latter.
Great job admins! Im hungry for some cake! LOL! goooooo PNCH$$$$$
Nice to see mr samblis posting here again. That takes the cake! Lol
excellente! I like the way you think Quest. take care and goooo VU!
I truly hope it doesn't...I want this Launch as smooth as can be. the VU part just had me wondering is all, nothing negative, just wondered.
Im just curious as to what this company has to say about VUTV
www.vudu.com
very similar in name, I hope that doesnt present any problems come launch
thats right stevio you tell them devout longs! put em in place, keep em in line! use that whip!
if they're gonna ask questions, you threaten em with leaving the board for good and only conversations will be through PR's!
oh yeah, hows that leaving the boards working for you?? LMAO see ya soon!
it's relevant because it shows how professional you were then, and still are.
How about maybe posting after Business hours as to not give anybody more ammo?
Is icplaces website so desperate for traffic that you think by spamming the link every post it'll help?
desperate times call for desperate measures.... wow!