This co. might as well be voodoo TV because it's all smoke and mirrors. There is no public record or SEC forms filed saying that PNCH has any connection to VU. As it sits right now,PNCH is a shell with a CEO who has cashed a million dollars worth of convertible notes in the last few months. This company has lost over 8 million dollars since opening almost 9 years ago. The company has never made a net profit on any of the CEO's ideas. The co. has no cash and hasn't had any revenues in the last 2 quarters. The CEO continues to take a salary and converts the amount to stock. You should read the last K and Q to see what kind of shape the co. is in. The new "launch" is another try with ICPlaces,a co. that was a complete loser 2 years ago. The stock made it to a nickel last May with pumping by several outside P&D firms. It hasn't come close since. The TA is gagged but the best guess is that there is another 2 billion shares. The float is somewhere around 1.5 billion. Sound like something you would like to get involved with?
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