InvestorsHub Logo
Followers 138
Posts 19042
Boards Moderated 2
Alias Born 01/13/2007

Re: None

Sunday, 01/03/2010 9:30:07 AM

Sunday, January 03, 2010 9:30:07 AM

Post# of 47
Wells Fargo indicated in the Termination Letter that it will continue to make advances to the Company during the thirty-day notice period, and cooperate with the Company and the Company’s new lender on a smooth transition to a new factoring agreement. In addition, it will continue to work with the Company to reduce the current outstanding balance under the Factoring Agreement and Wells Fargo’s reliance on the Company’s inventory.




Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.