Silicon Valley Bank Tighten Screws At RNIN
Adrian J Cotterill, Editor-in-Chief
Looks like Silicon Valley Bank are tightening the screws at Wireless Ronin. Fresh from hitting one new 52 week low of $1.50 last week, and following that up with a close on Friday of $1.41 we see that they posted a form 8K after the week’s close.
It looks to us like the loan is secured by all their assets AND they only now have $222,000 available to borrow.
It’s worth noting that the pre-reverse split price today is a mere 28 cents!!!
Follow DailyDOOH