Sorry but no lender uses the term toxic and certainly not the company - I have no idea where you got that information.
The note has toxic terms - if you read the 8-K you would have seen the following:
"The holder of the note, at its option, may convert the unpaid principal balance of, and accrued interest on, the note into shares of common stock at a 42% discount from the lowest trading price during the 20 days prior to conversion."
These terms are draconian - some of the worst terms you will find in a convertible note - such as the lowest price during the 20 days prior to the conversion...
And do you see that are being obtained at a 42% discount - which means the price doesn't matter - the lower the price the more shares JSJ receives.
Plus, those of us who follow OTCM scams how about JSJ and their toxic financing.
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