Replies to post #69227 on Sun Pacific Holding Corp (SNPW)

[karmakaziXpert]

Payroll Protection goes to employee(s) payroll.

Even though the company listed 5 or 6 employees on the payroll when it filed for PPP. Maybe the company got overpaid? lol Any guesses who got paid?

Hint: it wasn't the owner of 1600 Division Rd because that Medrecycler LLC lease went into default for non-payment in between the 2020 and 2021 payments.

just my opinion

good luck

[wallstreet1231]

Wrong. PPP stands for Payroll Protection Program. 60% of the money received from the PPP must be used for payroll. They have one employee. Who do you think it went to. Lol.