Ask Group Inc is getting deeper and deeper into trouble: it is now in non-compliance with some of the covenenants on its $50m credit facility but says it has signed a standstill agreement with its lenders, CIBC Inc and First National Bank of Boston, which agreed that they will not exercise any of their rights under the credit facility for a period of 60 days to enable Ask to develop a new business plan by the month-end, with their help.
