Threaded Order Chronological Order
| re: I’m surprised they can recoup the investment | |
| Posted by: ryhog 09:51 am EDT 07/08/21 | |
| In reply to: re: I’m surprised they can recoup the investment - Singapore/Fling 01:31 am EDT 07/08/21 | |
|
|
|
| There were two separate grants to the entities producing the tour (or is it tours?). Something is amiss. | |
| reply to this message |
| re: I’m surprised they can recoup the investment | |
| Posted by: NewtonUK 12:37 pm EDT 07/08/21 | |
| In reply to: re: I’m surprised they can recoup the investment - ryhog 09:51 am EDT 07/08/21 | |
|
|
|
| Absolutely. I imagine they will have to give the $10 million back. A show that closed before March 12, 2020 is simply not eligible. The only way the application got through the process had to be to lie about some of the answers. Having filled out 3 applications for cpmpanies I am involved with (all approved), I know that any mis-step brings up a flag saying you are not eligible. While their income in the last 3 quarters of 2020 was 0, as opposed to many millions in 2019 - closing without Covid being the reason is a disqualifier. One of the baisc requirements is that your company is in operation on February 29, 2020, which WAITRESS was not. WAITRESS closed on January 5, 2020, and long before February 29 they had finished payroll, loaded out of the theatre, etc etc. Sorry Weisslers. $10 million going back to SBA, please. |
|
| reply to this message |
| re: I’m surprised they can recoup the investment | |
| Posted by: ryhog 01:40 pm EDT 07/08/21 | |
| In reply to: re: I’m surprised they can recoup the investment - NewtonUK 12:37 pm EDT 07/08/21 | |
|
|
|
| It is entirely possible (actually, likely) that the LLC was still technically in operation, albeit winding down. Maybe they somehow did not technically lie, but it is inconceivable to me that they would be eligible under the circumstances. I don't want to contemplate the image of them hauling poor old Frannie to the pokey. | |
| reply to this message | reply to first message |
| re: I’m surprised they can recoup the investment | |
| Posted by: Singapore/Fling 12:15 pm EDT 07/08/21 | |
| In reply to: re: I’m surprised they can recoup the investment - ryhog 09:51 am EDT 07/08/21 | |
|
|
|
| Wow. I'm a fairly cynical person about the business of theater, but this is jaw dropping. | |
| reply to this message | reply to first message |
Time to render: 0.011913 seconds.