VentriPoint Diagnostics Ltd V.VPT

RE:RE:News government grants and subsidy

[old_dog]

Two ways of looking at it, The desparate and needy and the desparate and needy....question is though which one is VPT.... When the economy is running full tilt and companies are flush with cash because they are going concerns then you don't want to be the first one. When every company is screaming they need money (airlines, resturants, gyms, every small business impacted by the shut downs) then you want to be in the latter group of desparate and needy. Old Dillan song..."The times they are a changin".....and this is one of those changes. It's a smart humble  man that swallows his pride and says we need some help....it's a stupid proud man that says we don't. I'll take smart and humble any day of the week. When your this close to the finishing line a little assitance just might make the difference in keeping the lights on until the bigger orders come rolling through the door.

Just as an example...I wanted to order some HEAVY DUTY sweat gear from a company in the USA last week...couldn't get an order placed....SHUT DOWN....I went to order a high level Incra Mitre gauge.....Can't get it from the company I want to buy from....NO STOCK....and they don't know when they're going to get stock.....covid has thrown a wrech into a lot of normal things.....

still long...still long....still long and staying long.

It's all about perception and waiting....you need patience.


old_dog

Pandora wrote:
Wage subsidy?  First phrase that ran through my mind was "life support" being that we are just after the first anniversary of last year's Xmas present. I hope we do hear something about sales that will help survival as opposed to welfare. Is that too harsh for this start of the day? It's just the terminolgy that got me I guess.

snuff133 wrote:

Ventripoint Diagnostics Receives Wage Subsidy

V.VPT | 23 minutes ago

(TheNewswire) 

 

Toronto, Ontario – The Newswire – December 10, 2020 - Ventripoint Diagnostics Ltd. (" Ventripoint " or the " Company "), (TSXV:VPT ) ; ( OTC:VPTDF) announces that it is receiving an additional temporary wage subsidy of up to $115,408 as part of the National Research Council of Canada Industrial Research Assistance Program’s (NRC IRAP) Innovation Assistance Program (IRAP IAP). 

This funding follows on support of $73,093 through IRAP IAP, which was part of approximately $150,000 in government grants, loans and subsidies received at that time (see NR Sept 15, 2020). The Company has continued to receive other loans and subsidies and so the total amount of government support has been approximately $300,000 to date in 2020.