This SVB shutdown means that PFG's business has effectively ground to a halt because that's their partner bank in all transactions.
For PFG to continue, they must find a new partner/financier.
In order to do that, PFG's books will have to be squeaky clean.
They will need to divest themselves of Buddy Technologies in Australia by handing the entity back to directors or using additional funds to appoint a Liquidator.
The former makes the most sense as it costs nothing and PFG has already eaten most meat off the bone by selling LIFX to Feit Electric.
