Replies to post #33000 on Players Network Inc. (fka PNTV)

[Toxic Avenger]

Yes, and that money is usually in the form of convertible debentures that are convertible into stock at a discount to the trading price, looking backward.

They are called toxic notes.

http://www.nasdaq.com/investing/glossary/t/toxic-convertible

https://www.bloomberg.com/view/articles/2015-03-12/death-spiral-convertible-financier-has-a-lot-of-fun

Kodiak does most of its financing using these toxic convertibles.