Players Network Inc. (fka PNTV)

[Toxic Avenger]

Here's the key, "a total of $491,000. This was accomplished by the payment of $146,400 cash and the balance through conversions over the last 3 months. "
$345,000 converted and dumped into retail by death spirals in the last quarter alone. That's probably close to 200 million shares of dilution, maybe more as the death spirals enjoyed large discounts to low price.

We'll have to see what the "new lenders" got in terms of conversion rights. My guess is it's more of the same as the company has no assets.

It's telling that this was released 6 weeks or more before they have to file quarterly numbers, telling everyone what the real deal is.