PPP loans to publicly traded corporations

[awesomo]

Apr 21, 2020 11:38:43 GMT -5 mnkdfann said:

Apr 21, 2020 11:14:03 GMT -5 rfogel said:

I'm beginning to think they should rename the company "MannBtfsplk."

Is that an allusion to Mister Mxyzptlk? 

Insomuch as Mannkind torments its investors in the same way Mxyzptlk does Superman? 

en.wikipedia.org/wiki/Joe_Btfsplk

"the world's worst jinx", bringing disastrous misfortune to everyone around him

[bkdmd]

Are our politicians incompetent or malicious?

"I am from the government and I am here to help." is the scariest phrase I have ever heard.

Remember in one month the Fed gave us $2.5 TRILLION of QE. It is mindblowing how much a trillion is. It takes nearly 70 miles of $1000 bills stacked up to equal $1 TRILLION.

[awesomo]

I’m not really gonna hate on them for taking the money available. Like others have said, the government should have had more restrictions on this.

Buuttt, it does annoy me when you go back to their incentive performance review where they got a ton of extra credit for “cash on hand” targets. I’ll give him this, Mike knows how to game the system.

[brentie]

seekingalpha.com/news/3562741-publicly-traded-companies-raided-ppp-pantry?utm_medium=email&utm_source=seeking_alpha&mail_subject=mnkd-publicly-traded-companies-raided-the-ppp-pantry&utm_campaign=rta-stock-news&utm_content=link-3

[mango]

Ridiculing publicly-traded companies for applying for and receiving the PPP Loan is ridiculous. If you want to be upset and frustrated at someone it should be the lawmakers who are responsible for the Bill.


Look at what Haaaaavard did compared to MannKind:

Our latest example comes courtesy of Harvard University, wealthiest in the nation, with an endowment of $40 billion.
Guess which institute of higher learning is getting a coronavirus bailout?
Yep. Harvard has been granted, and is accepting, $8.7 million in federal aid — and only half of that must be reserved for emergency financial aid for students. Consider that in fiscal year 2019, Harvard spent $1.9 billion of its endowment covering the gaps for students in need and ended the year with a nearly $300 million surplus.

nypost.com/2020/04/20/wealthy-harvard-gets-a-bailout-while-the-rest-of-us-struggle/

[cjm18]

What’s wrong with publicly traded companies that are not large caps getting theses loan to avoid layoffs? They lay ppl off and then the govt pays for unemployment anyway. I guarantee there’s smaller companies that got loans and didn’t need them as much as mannkind.

[mango]

Apr 21, 2020 15:12:29 GMT -5 cjm18 said:

What’s wrong with publicly traded companies that are not large caps getting theses loan to avoid layoffs? They lay ppl off and then the govt pays for unemployment anyway. I guarantee there’s smaller companies that got loans and didn’t need them as much as mannkind.

MannKind also has a life-saving medical product that many people depend on. 

[mnkdfann]

"Trump wants big companies to return PPP loans: coronavirus briefing"

seekingalpha.com/news/3562873-trump-wants-big-companies-to-return-ppp-loans-coronavirus-briefing

[longliner]

I wonder if Trumps businesses will return the money they received from these programs?  Just kidding.................of course not.

[brentie]

Apr 21, 2020 17:23:05 GMT -5 mnkdfann said:

"Trump wants big companies to return PPP loans: coronavirus briefing"

seekingalpha.com/news/3562873-trump-wants-big-companies-to-return-ppp-loans-coronavirus-briefing

www.forbes.com/sites/lisettevoytko/2020/04/20/shake-shack-returns-10-million-ppp-loan-amid-criticism-of-restaurant-chains-receiving-stimulus-funds/#77958df95aec

[winstonsmith]

Apr 21, 2020 10:44:22 GMT -5 liane said:

In all fairness, MNKD was just following the rules. Congress should have been more restrictive if they wanted to benefit mom & pops.

Exactly, how hard would it have been for Congress to stipulate a maximum market cap, maximum revenues, or # of employees?  Once again, Congress is on the Shame List!!!

[nylefty]

Apr 21, 2020 18:42:38 GMT -5 winstonsmith said:

Apr 21, 2020 10:44:22 GMT -5 liane said:

In all fairness, MNKD was just following the rules. Congress should have been more restrictive if they wanted to benefit mom & pops.

Exactly, how hard would it have been for Congress to stipulate a maximum market cap, maximum revenues, or # of employees?  Once again, Congress is on the Shame List!!!

They did restrict it to companies with fewer than 500 employees and MannKind has about half that number.

[robbmo]

Apr 21, 2020 19:00:46 GMT -5 nylefty said:

Apr 21, 2020 18:42:38 GMT -5 winstonsmith said:

Exactly, how hard would it have been for Congress to stipulate a maximum market cap, maximum revenues, or # of employees?  Once again, Congress is on the Shame List!!!

They did restrict it to companies with fewer than 500 employees and MannKind has about half that number.

In addition, there is a specific SBA provision for Pharmaceutical Manufacturers, which increases the number of employees to 1,000 or 1,200, I can't remember off the top of my head.

[sellhighdrinklow]

So alleged longs of MNKD stock are on here complaining that MNKD was savvy enough to be first in line for PPP , getting a 4.9 million $ loan and those same folks are here complaining that MC is in over his head and is incompetent. That's rich! ....and quite hilarious.

[winstonsmith]

Apr 21, 2020 20:52:03 GMT -5 sellhighdrinklow said:

So alleged longs of MNKD stock are on here complaining that MNKD was savvy enough to be first in line for PPP , getting a 4.9 million $ loan and those same folks are here complaining that MC is in over his head and is incompetent. That's rich! ....and quite hilarious.

Substantiate your post.  Which poster(s) are you accusing specifically of being double sided?.....or you're just throwing out BS?