Death Spiral and Ghost Busters

[Dragon Lady]

Good post by another I-HUB member on toxic debt- a specific example of one company and how it's death spiral played out. Very well written and researched IMO.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=107118774

Look at the names- all the "usual suspects" were involved and even some other firms who's names I'd never seen. Might be good at some point to begin to compile and keep a running list on this board of all known "toxic" lenders that I-HUBers find in the SEC filings of the stocks they follow. Would be interesting to see how many names can be compiled.

Most have of course heard of:

Asher
Hanover holdings (I believe the "old" Asher name or associated firm)
Magna of course of new fame (see the Bloomberg article and video journalism piece on them)
http://www.bloomberg.com/news/articles/2015-03-12/josh-sason-made-millions-from-penny-stock-financing

Then I've heard of

KBM Worldwide
Daniel James
Fourth Man
Vis Vires Group

And now that post above by the other I-HUB member noted these names:

IBC Funds
Iron Ridge
Redwood Management
Tarpon Bay Partners

There's gotta be a whole lot more out there- try and list their names here when you see them. They will then come up in Google and other search results if people search "I-HUB toxic lenders" or similar terms and should bring them to this board- where they can get educated on "toxic", floorless convertible debt and the names to watch out for.