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re: Nakamoto Strikes Again: BR Coastal Bridge Company Owner Mickey Mouse Show

Posted on 4/7/21 at 9:52 am to
Posted by Moto_tiger
Member since Apr 2021
8 posts
Posted on 4/7/21 at 9:52 am to
From what I’ve been told the company paid the premiums at the end of every quarter. When Nationwide blind sighted them by dropping their bonds and taking ALL income 2 years ago right before premiums were due to be paid, they nearly bankrupted the company and there was no money left to pay them. But to date, i know that CB has paid everything owed to BCBS but BCBS still went back and denied some coverage to former employees for about a month over 2 years ago. It’s sad that BCBS didn’t care about the employees and didn’t help the situation.

As for PPP, I know that CB had a huge contract on the horizon in 2020 that would have given hundreds of people jobs when started but Devon wanted that contract for himself too so he launched the first of many smear campaigns against CB. Oh, did I forget to mention that Devon was the lead on the Sunshine Bridge project and in charge of running the job..
Posted by bayou choupique
the banks of bayou choupique
Member since Oct 2014
1821 posts
Posted on 4/7/21 at 10:00 am to
quote:

From what I’ve been told the company paid the premiums at the end of every quarter. When Nationwide blind sighted them by dropping their bonds and taking ALL income 2 years ago right before premiums were due to be paid, they nearly bankrupted the company and there was no money left to pay them. But to date, i know that CB has paid everything owed to BCBS but BCBS still went back and denied some coverage to former employees for about a month over 2 years ago. It’s sad that BCBS didn’t care about the employees and didn’t help the situation.

As for PPP, I know that CB had a huge contract on the horizon in 2020 that would have given hundreds of people jobs when started but Devon wanted that contract for himself too so he launched the first of many smear campaigns against CB. Oh, did I forget to mention that Devon was the lead on the Sunshine Bridge project and in charge of running the job..


I'm not sure if you understand the point or purpose of a bonding company. It is basically an insurance policy the contractor provides to the owner in the event the contactor default a project. If the contractor defaults the owner uses the bond to hire someone else to finish the project. In this case Coastal obviously defaulted numerous jobs and had to be finished by others. The bonding company did not blind side anyone. I guarantee everyone at Coastal knew it was coming and if they did not, they do not need to be in this business.

you many want to listen to other people than your buddy Kelly. He straight up lied on the PPP loans. They would not have been awarded with a maybe contract.
Posted by rowbear1922
Lake Chuck, LA
Member since Oct 2008
15211 posts
Posted on 4/7/21 at 10:06 am to
quote:

From what I’ve been told the company paid the premiums at the end of every quarter. When Nationwide blind sighted them by dropping their bonds and taking ALL income 2 years ago right before premiums were due to be paid, they nearly bankrupted the company and there was no money left to pay them. But to date, i know that CB has paid everything owed to BCBS but BCBS still went back and denied some coverage to former employees for about a month over 2 years ago. It’s sad that BCBS didn’t care about the employees and didn’t help the situation.


Suuuuure, BCBS dropped CB for NOOOO reason but to personally attack CB.
Posted by wheelr
Member since Jul 2012
5149 posts
Posted on 4/7/21 at 11:13 am to
quote:

As for PPP, I know that CB had a huge contract on the horizon in 2020 that would have given hundreds of people jobs


Is this an admission of guilt that they claimed to have x number employees for the PPP loan but didn't?

Posted by lostinbr
Baton Rouge, LA
Member since Oct 2017
9759 posts
Posted on 4/7/21 at 7:36 pm to
quote:

As for PPP, I know that CB had a huge contract on the horizon in 2020 that would have given hundreds of people jobs when started but Devon wanted that contract for himself too so he launched the first of many smear campaigns against CB.

Interesting. So.. what did he spend the PPP money on?
Posted by BilJ
Member since Sep 2003
158844 posts
Posted on 4/9/21 at 11:28 am to
quote:

From what I’ve been told the company paid the premiums at the end of every quarter. When Nationwide blind sighted them by dropping their bonds and taking ALL income 2 years ago right before premiums were due to be paid, they nearly bankrupted the company and there was no money left to pay them. But to date, i know that CB has paid everything owed to BCBS but BCBS still went back and denied some coverage to former employees for about a month over 2 years ago. It’s sad that BCBS didn’t care about the employees and didn’t help the situation.

As for PPP, I know that CB had a huge contract on the horizon in 2020 that would have given hundreds of people jobs when started but Devon wanted that contract for himself too so he launched the first of many smear campaigns against CB. .


man Kelly is one hell of a bullshitter if he got you to believe this
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