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!!!

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