Players Network Inc. (fka PNTV)

[lesgetrich]

For a while, this company was able to pay off old toxic debt with new toxic debt. This stock will go nowhere until the company can generate revenues it has been promising for decades.

Sorry, but it also matters that the company has been doing an excellent job of managing its toxic debt by paying most of it off before it converts. The OS is still a very manageable 524 million shares. The company now has a new $2.5 million loan from a corporate partner, who is committed to working together to mutually build both businesses, which doesn't convert for two years. In the meantime, revenue is scheduled to start coming in next spring and we still have the settlement of the Comcast lawsuit to look forward to, which could pay off all debts with one stroke.

Yes, there is risk here. No stock is totally without risk. Each shareholder needs to weigh the risks against the potential rewards, which in this case could be huge.