try:

http://www.hemscott.com/news/rna/detached.do?id=85927263251606

The UK junior market - the AIM - has censured one of its companies for allowing SEDA type deals which permit financiers to demand equity sales in place of payments for loans.

See the report for yourself, but it raises important issues about SEDA in the UK - indeed, it may make such deals no longer feasible here - what about the USA? This could end the "toxic financing" model completely....

Needless to say who the toxic financing company was...