Well, I have figured out what the problem was. After troubleshooting the finisher, all my voltages were good. However, I got to thinking about the PK-505 that the finisher had.
I unplugged the the punch and behold the problem disappeared. So I looked for a pinched wire and couldn't find any. I remembered hearing that there were some defective punch driving boards. I looked and some of the tracings were cracked. Got a new one on order.
So, FYI, if any of you have this issue and it has a PK-505 check it out.
PS. Tech support said to update FW to Ver 40 for Image.
