Traderfan...SCKT...8K. I communicated with the CFO about this already. They extended the same terms as before for 3 months which the CFO said gives them time to then negotiate a long term deal. I'm sure Socket very much would like to increase the line of credit to increase working capital, but I'm sure Silicon Valley Bank would like to see them pay down more of the $500K short term loan that is outstanding. By putting it off till January, then Socket can use the expected strong cashflow from 4th Q to put themselves in a position to get better terms later.
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