Players Network Inc. (fka PNTV)

[Toxic Avenger]

1. They're investing at a 25% discount to the 30 day average price prior to their conversions. That's another toxic note.
2. The money they're putting up (though even that isn't definitive) will just cover the outstanding liabilities. So likely, more toxic notes will be needed.
3. They get something like 50% of the GROSS income off the top until the note is repaid.

The warrants are meaningless. They're just put in there to add to the appeal to retail investors who think "wow, the stock must be going up 20 fold".

Favorable would be a note with a FIXED conversion rate of $.05, though even $.003 FIXED would be better than this. Best of course would be a regular non-convertible note, but of course PNTV would never get that in their "going concern" condition.