For better or worse, many companies qualified for PPP loans regardless of whether the business was on solid ground or sitting on quicksand. Public companies in general were discouraged from applying since it was assumed that such entities are able to get liquid funds by issuing more stock, but many public companies were given loans regardless.
The loans bear an interest rate of 1%, but the kicker is that many of the loans will be forgiven if the company can demonstrate that it used the money to pay up to 2 months of wages...with a maximum payout of around $ 15K per employee.
Seems like the kind of thing that Mark Kay would pursue. It's easier than generating sales revenue.
News 
Market Data 
Discover 
