Canon Company Milestone Takes $1+ Million PPP Money
By John Honovich and Joey Walter, Published Jul 16, 2020, 03:01pm EDT
Milestone, a Canon company, took $1 million+ in PPP loans, despite being part of a $30+ billion conglomerate.
However, Milestone told IPVM that they did qualify under the terms of the PPP when they applied in April and under its interpretation of the affiliation rules.
Inside this note, we examine Milestone's decision, their explanation, and the debate over who should take this funding.
* ** * ***** business *** ** ********* through *** ***** ***** and ** **** ******** through *** *** **** of **** **** *** probably ***** **** **** of **** **** ** we *** *** ***** that ** *****'* ******* any ******.
** ****'* **** ** bail ***, ** ****'* take **** ** *** of ***** ********. ** a ***** (*** ***** I ** ****) *** I *** ***** * 'rainy ***' **** *** we ******* *** ** that **** ** **** a **** ** ********. There ***'* **** *** amount ** **** '***** day' **** **** ******** most ** *** **** in ****** **** * jobs.
******* * **** **** the ******** *** *** those ***** ********** **** don't **** **** *** 'rainy ***' ****. ** my *******, ********* **** advantage ** ***** ******** or ** * **** it '******' **** *** when *** **** ** around *****, *** ******* government **** *** ** so *********, ****, *******, etc.... ******** **** *** want ** ***** ** it **...
* *** *** ********** why *** ********** ****** the *** ************ ** even **** *** **** opportunities. ** *** *** and ***** ******* **** millions, **** **** ********** have ****** **********, ******, 'rainy ***' ***** ****** around **** **** *** afford ** ********* *** hard ***** ** **** a *** ***!
Create New Topic
Read this IPVM report for free.
This article is part of IPVM's 6,738 reports, 909 tests and is only available to members. To get a one-time preview of our work, enter your work email to access the full article.
Comments (19)
Jeff Longmire
*****
Create New Topic
Undisclosed End User #1
**'* * ****. ********, I'm *** **** **** the ***** ** ****.
Create New Topic
Undisclosed #2
***** **** ** * conglomerate ****** **** *** get *** ***** **** it. ** ** *******'* case *** *******, **** subsidiary ** *********** *** expected ** ******* ****** and *** **** ** the **** ****** ** pump *** **** *****.
**** ******* * **** a **** *********** ****** mean *'* **** ***, I'm ******** ** ** an *********** *********** *****, not * ***** **** baby...
** ********, ***** ** has *** ***** **** up ********** *** ***** concern, * ***** **** are ******* **** ****** only ********* *** ** their ****.
Create New Topic
Undisclosed #3
* ***** ***** ** also ****** ******** ***** by *****-**. ****'* *** it's ** ********* ** finance ******* ******.
Create New Topic
Morten Tor Nielsen
07/17/20 10:15am
**** *** ****, *** the ******.
*** *** **** ** Milestone **, ** ********* a **** ** ***** shareholders, ** ********** *****: "sounds **** * ****, just **** **** *****".
**** *** ***** *** was ****, **** **** that * *** ** the ***** ***** *** up ** ****** ** was *** ******** ** end **, *** **** was *** ***** ** being **** ** *** quickly. ** ******* ******, someone ********* **** **** "viable" ********* */* ****** to ******* ****** **** gotten ***. **** ***** have ***** **** ** do, *** * ***'* think *** ********** *** the **** ** *********** what ** ****** *** what ***'*. ***********, ****** companies ***, *** **, have ***** ****** ** funding. ***** ** ** much "*******" ***** ** the ****** **** * get -*.**% ******** ** my ******** ********.
*/* *** *** ********* US, *** **** **** likely **** *****/********* ** would **** ***** *** same ********** ** *** good ****** ** *** CARES *** ****: ****** a ***** ** ****** from ********* ** ***** COVID ***** ***** ** a *** **** ***********. If **** ***, * stronger *** **** ******** player ***** **** ** the ****** **** ********* would ****. **** ***** is **** ********, **** would **** ** **-**** and ******* ***** *** folks. **** ** *********, and *** ****** ** a ********** ******* *** caring *** ***** ******* (when **** *** **** to), ** ***** *** what *** ****.
*** *** * *** it ** **** ** there *** ** *** for ********* **, **** Canon ***** **** ****** (all **** ***** *****) have **** *** ****. Which ***** **** **** to ******** ***** ******* for ********* (*** **** Canon). *** **** *** to **** ***** **** and *** ** ***.
******* *** ** **** at ** - * lot ** ****** *** $1200 ** *** ****, some ****** **, **** didn't. **** **** ** places ***** $**** ***** not *** *** **** relief, *** **** **** in ***** ***** ***** $1200 ** * *** of *******. * ***** anyone ******* *** **** that "****'* **** **" to *** ** ****.
****, ********* ** *** to **** *** * form ** *** *** money (**** **** ***** other *******), *** **** offered, **** ***** ** crazy *** ** **** it.
* ** ******* **** CARES *** *** *** the ***** ****, *********** the *********** **** **'** in. * **** ******* that *** *********** ** the ****** ******* ** 20 ***** ** ******** central ******* *** ***** desire ** *** *** lime-light ** *** **** of *** ***, *****. single. ****. *** ***** market ******** * ***.
Create New Topic
Joey Walter
******:
** **** ***** *** main ****** ***** *********'* net ******** *** *** worth *** ********* *** required ****** *** ***.
********* *** **** **** 12 ***** ** *******, and **** **** *** yet **** **.
** **** ******, ** and ****, ** ******* a ********.
Create New Topic
Mark Jones
********, *** * **** everyone ** *** ** understands *** ****** ** the *******. ********* ****** return *** *****.
Create New Topic
Joey Walter
****** *:
********* *********, ****** *** "small ******** *******" ************** applies, ** **** ******* under *** ***-*** *** rules, *** **** ********* Systems (***)'* ****** ********* by ********* ******* ** was *** *** **** counts *** *********** ***********, not *** ******** ********* by *****.
**** *** **** ***** Milestone ***., *** ** only **************, ** ******* to ***** ************* ******* or *** *****, *** wrote:
Create New Topic
Greg Macharyas
**** ********* ********. ****'** (Milestone ***.), ***** * loophole *** *** ***** it *** ********* *********. I ****** ***** ** will ** ******** ** keeping ********* *******.
Create New Topic
Jay Hobdy
**** ** * ******* dollars ** *********? ***** like * ******* ****** to **** *** *** backlash.
* *** **** *****. Yes ********* ** * big *******, *** **** have *********.
*** ** *** ***** side, *** **** ****** afford ** *** * months ** ******* ** business *****? *** **** may **** ************ **** to ********* *** *** have ********* **** **** off.
*** ***** ******** ****** been ****? **** **** really ***** ** *** people ***? *** **** we **** ****** ** know ** *** **** was *********.
***** *** *** ***** of ****** *** *** when *** **** *** 2+ ******** ******* **** a ****** ***** ** planning..
Create New Topic
Undisclosed End User #5
*** * **** ****. On *** ****, **'* like ** **** ****** physics ******* **** ** his *** *****: ****** it's ************ ********** ******* the *****, ******** ****. They *** ********, ** good *** ****. **** just *****'* *** ***** with ** ***** ************** of **.
Create New Topic
Jeremy Blanton
07/21/20 10:47am
* ** * ***** business *** ** ********* through *** ***** ***** and ** **** ******** through *** *** **** of **** **** *** probably ***** **** **** of **** **** ** we *** *** ***** that ** *****'* ******* any ******.
** ****'* **** ** bail ***, ** ****'* take **** ** *** of ***** ********. ** a ***** (*** ***** I ** ****) *** I *** ***** * 'rainy ***' **** *** we ******* *** ** that **** ** **** a **** ** ********. There ***'* **** *** amount ** **** '***** day' **** **** ******** most ** *** **** in ****** **** * jobs.
******* * **** **** the ******** *** *** those ***** ********** **** don't **** **** *** 'rainy ***' ****. ** my *******, ********* **** advantage ** ***** ******** or ** * **** it '******' **** *** when *** **** ** around *****, *** ******* government **** *** ** so *********, ****, *******, etc.... ******** **** *** want ** ***** ** it **...
* *** *** ********** why *** ********** ****** the *** ************ ** even **** *** **** opportunities. ** *** *** and ***** ******* **** millions, **** **** ********** have ****** **********, ******, 'rainy ***' ***** ****** around **** **** *** afford ** ********* *** hard ***** ** **** a *** ***!
Create New Topic