Since I suggested it I will own it: New informati
Post# of 45510
Since I suggested it I will own it:
New information from Steve Samblis 5-13-13:
All shares of the Company issued as a result of the previous contract are canceled as a result of the Rescission (totaling 285 million shares of common stock).
We are retiring these 285 million shares and lowering the issued and outstanding by this much.
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We have affiliates in the top 20 US cities.
Starting this network is all about having a hundred moving parts working all together. We have that and very few people can replicate this. We have an incredible new staff and relationships that have made this possible and made it possible for us to wipe out 6.8 million in book losses. We removed a potential deadly virus in the form of JC. We dumped horrible content and replaced it with high quality shows. We will not be an urban network. What is ABC, NBC, AMC? They are networks with diversified content with each show building its own fans. This is what we are building. And we are doing it for a fraction of the cost of what the Punch Asset acquisition would have cost us.
I am not laying out the entire plan here. We will share each part piece by piece via PRs. I have have given everyone a thumb nail to start from. Each part of what we have put together deserves a complete explanation.
8-K 1 pnch-8k.htm FORM 8K http://www.sec.gov/Archives/edgar/data/143759...nch-8k.htm
UNITED
|
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8?K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Earliest Event Reported: May 6, 2013
IC PUNCH MEDIA, INC.
(Exact name of registrant as specified in its charter)
Commission File No. 000-53278
Delaware | 42-1662836 |
(State of Incorporation) | (IRS Employer Identification No.) |
1211 Orange Ave., Suite 300, Winter Park, FL 32789
(Address of Principal Executive Offices) (Zip Code)
407-442-0309
Registrant’s telephone number, including area code
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)
SECTION 1 – REGISTRANT'S BUSINESS AND OPERATIONS
Item 1.02 Termination of a Material Definitive Agreement
The Punch Television Network Agreement and the employment agreements have been rescinded, and the entire transaction has been canceled.
SECTION 5 – CORPORATE GOVERNANCE AND MANAGEMENT
Item 5.01 Changes in Control of Registrant
All shares of the Company issued as a result of the previous contract are canceled as a result of the Rescission (totaling 285 million shares of common stock).
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Joseph Collins resigned as President and director as result of the rescission of the Punch Television Network Agreement.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Changes in Fiscal Year
As a result of the rescission of the Punch Television Network Agreement, the IC Punch Media, Inc. will change its name to VU Media Corp. which change requires us to file Amended Articles of Incorporation with the Delaware Secretary of State's office after a Section 14 filing with the Securities and Exchange Commission.
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, hereunto duly authorized.
IC PUNCH MEDIA, INC.
By: /s/ Steven Samblis
Steven Samblis
Chief Executive Officer
Date: May 13, 2013
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