Replies to post #26667 on Lord Global Corp (LRDG)

[Alleyba1]

Thanks for the link. Do you know or have a link that the deal actually closed

[I-Glow]

This is complete BS - the $50 million per week is hilarious.

"contracting officers can award a contract to an 8(a) business on a sole source basis if the estimated cost is $4 million or less ($7 million for manufacturing)."

Plus, read the article.

"Recently 27Health Inc. (which is a 100% owned subsidiary of LRDG) signed an agreement with its joint venture partner J.A. Lafayette to partner with Innovative Regulatory Risk Advisors LLC to sell products to the Federal Government without a competitive bid through the SBA 8(a) program."

So it is a partner of a partner deal. LMAO!

There isn't any 8(a) contracts for $50 million per week - that is $2.6 Billion.

IG

[I-Glow]

Sure there is a 8(a) contract for $2.6 Billion.

This is hilarious - "Brian Robinson, CEO of Innovative Regulatory Risk Advisors LLC. said “We have been searching for a black owned licensed fuel distributor in all 50 states for a significant time."

What the hell is wrong with Robinson - the 8(a) is for socially disadvantaged groups not just "black" - it can be Hispanics, Native Americans, Asian Americans...

IG