Quote Originally Posted by Johnson85 View Post
First, you are putting too much emphasis on the parent company being bankrupt. The whole point of bankruptcy is to minimize disruption from solvency issues.

Second, why do you think he could have gotten those masks from 3M at that price? That was the price before the crisis. Even non-volume buyers could get those masks for $.50 a mask before the crisis, and again, they were getting quoted $5 a mask after that, often times even with pretty significant minimum orders. Maybe 3M could have delivered 10M masks to the feds by the end of April, but that's not a deal available elsewhere and I don't see a reaosn to just assume it was available to the feds b/c they are the feds.
Did you look into the actually company itself. Panthera, which describes itself as a tactical training company for the US military and other government agencies, has no record of producing medical supplies or equipment. http://pantheraworldwide.com/

3M is attacking price-gougers as well. They are not gouging the fed here. https://www.bloomberg.com/news/artic...-price-gouging

3M is delivering 55 Mil masks / month to the fed.

Take a step back and look at the facts. The fed is paying a company that has no history of distributing/manufacturing medical equipment and no employees 7X what they are paying 3M. They are paying this company $55 million. The parent company is $50 million in debt. The only unknown in that is who are the creditors. That's how this scheme works. They take this bill, pay the creditors, then say they are delivering on the deal. Then there is some delay. Then a shipping delay. Then another. Eventually poof everything is gone. News cycle has already moved on to the next major coverup. Money funneled directly into someone's pocket from the government and the taxpayers are on the hook.

They are supposed to have the masks delivered by April 23rd. It's amazing to think a company with no experience in this realm can have the proper quality of these masks ensured and produced in such a staggeringly short time. Everything about that smells rotten.