Simply Inc. (SIMPQ)

[geocam]

$IFON 8k... at least it's not convertible sewer debt

http://ir.svb.com/

http://ih.advfn.com/p.php?pid=nmona&article=72288377

Anyone know if this means they are reducing the amount they want to borrow?

1. Decrease Maximum Advances from $7,000,000 to $3,000,000,

EX 10.22 that is referred to in the above 8k
https://www.sec.gov/Archives/edgar/data/1274032/000119312516690462/d241252dex1022.htm

B. Bank has extended credit to Borrower for the purposes permitted in the Loan Agreement.

"Bank" is better than a toxic debt *financierge... right? lol.


*financierge:
I know, it's a made up word amalgamation. Because we all know the toxic finance guys are not really financing anything but stock selling schemes and if they were a concierge they would be one in a seedy motel that charges by the hour.