Capstone Companies Inc (CAPC)

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While not what I'd call 'toxic', the CEO and one director put up

$750,000 as a line of credit, due to the poor financial state of the company.

The debt converts at 9 cents per share, and if the line of credit is fully utilized, a bit more than 10 million shares in total would be issued, including some freebie preferred and common shares to each of the lenders.

It would max out the A/S, should it come to pass.

Ironically, the CEO and the VP are due to draw about $500K this year in salary. That's part of the 'overhead' the line of credit was meant to shore up.