Originally Posted by
Itsajob
Is this statement based on XJT being able to meet the original qualifications to receive the money, or the expectation that they get an exemption for some reason? Since they can’t provide the required stock warrants, and they don’t own any assets, how would you handle the application if you were processing them?
I don't have a direct answer to this, but take a step back and approach it from a pragmatic perspective. If there wasn't a way, would they still be in negotiations nearly 3 weeks later? Conventional wisdom would dictate at this point it's the details being sorted out, not the basic question of if.
I can speak for YX and say they're currently negotiating a valuation of the company and waiting for our stakeholders to approve a change to our bylaws that allows us to issue an equity stake to the Treasury.
There's almost always a way.