Ann: EN1 U.S. SBA Stimulus Funds Approved, page-120

This was just the business doing normal business in fact could argue better compared with 2019 results which they have stated it is typically seasonal with 2/3 income coming in last 6 months. To me it is pretty clear that the money should be returned and likely will but will they announce it before or after when 4c comes out is the question.

Even Washington post are reporting saying that public companies were not meant to receive it and being asked to pay it back.

https://www.washingtonpost.com/business/2020/05/05/vague-rules-paycheck-protection-program-complicate-treasury-effort-claw-back-funds




Also for financing there are other options open to EN1 which maybe they don’t know of but it is called capital raise - maybe let Ted know about it but the business isn’t in dire straights according to their reporting but the SP falling which is according to some is the only issue here.

Other businesses have done a CR during these times such as Webjet - I know they are an Australian business but using them as example as they got practically zero income for foreseeable future yet manage to raise in these uncertain times.