ST Alpha - "Maybe Jack could weigh in but if a publicly traded company applied for the loan and certified they were eligible when they were not, they'd be" (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Down to Post

Backboards:

Posts: 154

In response to "I think the biggest gripe people have it that you aren't small if you are publicly traded -- nm" by ty97

Maybe Jack could weigh in but if a publicly traded company applied for the loan and certified they were eligible when they were not, they'd be

Posted by Max Apr 22 '20, 17:37

exposing themselves to serious liability for the sake of a maximum $10m. I suspect AP's interpretation of these companies "with market values well over $100 million" may be misconstruing the nature of their ownership.

If not, it should be easy picking for prosecutors.

Responses:

Not claiming they were ineligible, but why were they eligible? -- nm - ty97 Apr 22, 17:39 1
- It's possible that franchise owners misinterpreted the guidance and just applied based on size without confirming ownership rules. -- (edited) - Max Apr 22, 17:58

Post a message top

Maybe Jack could weigh in but if a publicly traded company applied for the loan and certified they were eligible when they were not, they'd be

Replies are disabled on threads older than 7 days.