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Re: gitreal post# 170776

Saturday, 09/12/2020 6:54:51 AM

Saturday, September 12, 2020 6:54:51 AM

Post# of 173202
"On June 22, 2020, the Company received loan proceeds of $32,300 (net of $100 loan fee) under the SBA’s Economic Injury Disaster Loan program (“EIDL”)."

"The EIDL program is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue due to coronavirus (COVID-19)."

This highly appears to be a FRAUDULENT application.


LBSR has no business revenue and so could not possibly been impacted by "a temporary loss of revenue due to coronavirus (COVID-19)." as is required to be eligible to apply for and receive this loan. What $32,300 OF REVENUE DID NOT come in due to the virus? Answer: ZERO.

The SBA Office of Inspector General has been notified.

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