So in listening to this teleconference at what point did he say F9 WAS taking the grant? Something that stood out to me was that he didn’t want involuntary furloughs, but brought up a gap from $220M to $300M in payroll. What happens if they only save some of that in COLAS, ETC.?
I guess we wait to hear something from the Union or the Company shortly.

Read the memo in Comply, easier to digest and says the same things as the call. It says utilizing government money is “likely”. Can’t say it’s a sure thing, still have to apply to the Treasury. If there’s still a payroll shortfall then I wouldn’t expect our checks to bounce. Our cash position is strong. Just relax, for once I have a good feeling that we will get through this.

Pretty sure that payroll number includes fa as well. They’ll get some colas there as well.

BB has demonstrated leadership and I’m very hopeful for our future. Let’s all come together and make sure this place survives.

Agreed!
*fluff*

Is there a recording of this conference call? No memo or email prior... SHM

Check comply. The 5 page memo is in there.

There is a recording of the call circulating. Reach out to people you know, someone can probably send it to ya. His talk is definitely worth a listen. I thought BB was on point and that he sounded like a man with plan. It was the best news I'd heard in awhile.

Long Road. But Forbes likes us...
 

This Corona shutdown is the ultimate test of business models.

Aside from Govt intervention, we should find out who's model works best in really bad times.