Great clarification Les. Unfortunately loans are necessary to get things done with a startup. I am confident that Jeff Lawrence will stay on top of the management of financials. He is a highly qualified CFO and will steer PNTV the right direction in the future.
Good post LGR, the term toxic debt is thrown around way to much. This deal is not toxic debt at all, this is a well thought out deal that has great terms for PNTV.
LESGETRICH[ , it is a toxic debt at its finest. Please understand the filing not the summary. But, this is about to go up, not because of revenue. This was beaten so bad, time to change course..