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Message
re: Nakamoto Strikes Again: BR Coastal Bridge Company Owner Mickey Mouse Show
Posted on 4/7/21 at 10:00 am to Moto_tiger
Posted on 4/7/21 at 10:00 am to Moto_tiger
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 on 4/7/21 at 10:52 am to bayou choupique
quote:
He straight up lied on the PPP loans. They would not have been awarded with a maybe contract.
Yep, they aren't awarded on "we might have over 100 employees in 6-12 months" either.
I have an operational business with 7 employees and I've recieved less than $75K. But I also didn't use it in order to pay myself extravagantly and take vacays on the taxpayers dime.
This post was edited on 4/7/21 at 10:54 am
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