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TenKay

06/04/20 8:48 PM

#137278 RE: REELTORFL #137251

The $1.4 million is essentially spoken for. They had to keep all staff on board and being paid while they have been shutdown...the requirements of the PPP loan are pretty strict for calculating the loan forgiveness part.

So it’s not like they can use it for buying furniture stock or anything...it goes into the employees’ hands, a great number of which they would have laid off and not have to pay anyways.