Players Network Inc. (fka PNTV)

[Toxic Avenger]

One look at the 10K and you'll see their in just as desperate straits as before. They've been talking about revenue for more than a decade - first the content, then the "platform", then the lawsuit, now it's MJ.

It's all bullshit as evidenced by the MANY references to "going concern" in the 10K and the now 3/4 million dollars in convertible debt, giving discounts of 40 to 75% of lowest prices in a range to death spiral holders.

Even a successful MJ business (which, given PNTV's past record has less chance of happening than their PPS), they have a $1.8 million working capital deficit to work out. The MJ business will take millions in upfront capital and even death spirals won't provide that sort of money.

A quick read of the 10K indicates this show is over, except for insiders and death spirals who can convince retail buyers to hand them 200-500% profits by buying their discounted, diluting shares.

It's all here http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10628449