The negotiations for EECO Inc, Santa Ana, California to sell its Maxi-Switch Computer Keyboard subsidiary have been terminated and the company finds itself in a bit of a pickle: it says that the terms of the proposed sale were unsatisfactory to its bank, which holds liens on the assets involved, but it has entered discussions with two other potential buyers of the business; its credit agreement with the bank expired on March 31, and it has been told that there will be no further advances from that quarter, although the bank has not declared the loan in default; EECO has recommended the American Stock Exchange suspend trading of its shares until the uncertainty is clarified.
