Rino1 - I believe raising the toxic debt issue is socially the right thing to do and applaud you for addressing the issue with the SEC. I had looked at some of the other companies that used TD in the past, and many boards aren't even talking about the subject. That adds to my opinion that this is a highly educated board. I see TD as having found a loophole in the finance system, much in the same way Wall Street was turning sub-prime mortgages into asset backed securities in the mid 2000s before the collaspe. Someone, (SEC, etc.) should have raised a hand and regulated that market. However, I see the big difference being that investors in penny stocks like us, are extremly speculative, where as the collateralized debt obligations (CDOs) and the like were going to pension funds and large institutional investors, not small capital, high risk investors like us.
You are doing the right thing, as this (toxic debt) is glorified loan sharking.