Anler Posted April 16, 2020 Share Posted April 16, 2020 (edited) Thanks Trump! https://www.marketwatch.com/story/its-a-complete-abomination-says-wall-street-money-manager-about-hedge-funds-applying-for-bailouts-from-small-business-recovery-funds-2020-04-14 Edited April 16, 2020 by Anler Quote Link to comment Share on other sites More sharing options...
frenchy Posted April 16, 2020 Share Posted April 16, 2020 do you not have to fit the description of a small business to receive the small business subsidy? Quote Link to comment Share on other sites More sharing options...
Anler Posted April 16, 2020 Author Share Posted April 16, 2020 Just now, frenchy said: do you not have to fit the description of a small business to receive the small business subsidy? Under 500 employees yeah Quote Link to comment Share on other sites More sharing options...
frenchy Posted April 16, 2020 Share Posted April 16, 2020 3 minutes ago, Anler said: Under 500 employees yeah no revenue threshold? Quote Link to comment Share on other sites More sharing options...
Anler Posted April 16, 2020 Author Share Posted April 16, 2020 1 minute ago, frenchy said: no revenue threshold? I am not sure exactly all of the criteria but I heard about this on the way home today so I googled it. It appears that hedge fund managers are pretty clever and with their savvy lawyers they were able to snatch some of this right quick! Quote Link to comment Share on other sites More sharing options...
Anler Posted April 16, 2020 Author Share Posted April 16, 2020 Also they said this program was first come first serve. Hedge funds jumped on it right away. Quote Link to comment Share on other sites More sharing options...
frenchy Posted April 16, 2020 Share Posted April 16, 2020 2 minutes ago, Anler said: I am not sure exactly all of the criteria but I heard about this on the way home today so I googled it. It appears that hedge fund managers are pretty clever and with their savvy lawyers they were able to snatch some of this right quick! my company tried for a small business relief subsidy and we were denied because our yearly revenue of $95 mill made us a 'mid market' company not a small business by Canada's definition... Quote Link to comment Share on other sites More sharing options...
Anler Posted April 16, 2020 Author Share Posted April 16, 2020 1 minute ago, frenchy said: my company tried for a small business relief subsidy and we were denied because our yearly revenue of $95 mill made us a 'mid market' company not a small business by Canada's definition... Well this is Murica! Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted April 16, 2020 Platinum Contributing Member Share Posted April 16, 2020 Just now, Anler said: Well this is Murica! Go check out the thread spin started about it. Quote Link to comment Share on other sites More sharing options...
Matt Posted April 16, 2020 Share Posted April 16, 2020 4 minutes ago, frenchy said: my company tried for a small business relief subsidy and we were denied because our yearly revenue of $95 mill made us a 'mid market' company not a small business by Canada's definition... We did too. Not based on revenue but based on money in the bank, our team determined we'd be open to possible lawsuits if we'd taken $. Quote Link to comment Share on other sites More sharing options...
frenchy Posted April 16, 2020 Share Posted April 16, 2020 4 minutes ago, Matt said: We did too. Not based on revenue but based on money in the bank, our team determined we'd be open to possible lawsuits if we'd taken $. yeah our profitability did not suffer enough either. The rules are fairly stringent here with regards to how you are affected which is nice to see. Quote Link to comment Share on other sites More sharing options...
Anler Posted April 16, 2020 Author Share Posted April 16, 2020 2 minutes ago, frenchy said: yeah our profitability did not suffer enough either. The rules are fairly stringent here with regards to how you are affected which is nice to see. Fucking socialism! Quote Link to comment Share on other sites More sharing options...
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