Players Network Inc. (fka PNTV)

[Toxic Avenger]

There's a reason it's called a death spiral.
The company has greatly accelerated the growth in toxic notes, and the terms are getting much better for the toxic lenders.
A toxic lender makes far more profit converting shares than getting paid back, so they'll do whatever they can to make sure they convert their loans. In fact, they only make loans to companies they know won't be able to pay them back.
If PNTV had a realistic shot at showing positive cash flow, they would have gone to any number of private investors or even a few state banks and gotten a nice loan with a high interest rate (just like the toxic notes), but without the toxic conversion feature.
So it's pretty clear this latest "acquisition" is just going to require even more toxic notes than the $1.1 million they just inked with a conversion at a 50% discount to the market.
https://www.forbes.com/sites/debraborchardt/2017/05/26/here-are-the-top-5-financial-leaders-in-the-cannabis-industry/#6446cc2e2486