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Non-Tech : Bill Wexler's Dog Pound
REFR 1.730+10.2%Nov 11 3:57 PM EST
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To: ynot who wrote (1591)6/28/1999 3:46:00 PM
From: David  Read Replies (3) of 10293
 
The bank doesn't seem to be very concerned. From the last 10-Q:

"At March 31, 1999, $3,900,000 was outstanding and $1,353,000 was available under the Identix Line of Credit. The Identix Line of Credit agreement contains financial and operating covenants, including restrictions on the Company's ability to pay dividends on its common stock. At March 31, 1999, the Company was in default on this bank line of credit. The Company has obtained a waiver from the bank for the breach of the covenant."

Reads like a minor event.
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