Certain companies might have already been approved and already received money. Had they maybe submitted a request for their next milestone payment prior to the spring of this year, they would have received it. Again, they fell into the bad timing where, even if they were approved, it really depended on what time they requested their next tranche of funding. If they requested it in the early part of this year.... Even though publicly ISED said that everything was fine and it was only stopping new projects, those disbursals for legitimate companies that did nothing wrong were also stopped.
This is not just a mismanagement of the truth; it's a mismanagement of actual legitimate companies. In potential cases, ISED itself might have pushed them into bankruptcy, or having to lay people off, because of how ineffective it was in managing the situation.