CTV 0.00% 0.8¢ colortv limited

Ann: EN1 U.S. SBA Stimulus Funds Approved, page-123

  1. 3,701 Posts.
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    Bigwill
    From the article you referenced

    On April 23, after dozens of public companies reported in securities filings that they had received PPP loans, the Treasury Department changed the regulations to say it was “unlikely that a public company with substantial market value and access to capital markets” qualified for the funding. It advised such borrowers to repay the money or risk audits and penalties. It initially set a deadline of May 7 for returning the funds, but on Tuesday extended it to May 14.

    Clearly no issue here all all. Engage does not have a substantial market value. 10M is miniscule.

    Their is zero change that EN1 will have to repay.


 
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