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Microcap & Penny Stocks : Corporate Vision (CVIA) -- Ignore unavailable to you. Want to Upgrade?

To: K A Anderson who wrote (5669)6/12/1998 4:00:00 PM
From: campe  Read Replies (2) | Respond to of 6654
 
Well, there you have it, in black and white, all nice and legal in an SEC filing...The $1Mil is sitting in escrow.

Escrow - When the performance of something is outstanding and a third party holds onto money or a written document (such as shares or a deed) until a certain condition is met between the two contracting parties.

wwlia.org

I like that. A third (impartial) party holding onto the cash. And the best thing about it, is that cash in escrow (usually) accrues interest. I'm sure Jack will bring in to the Judge the name and phone number of the escrow company next Tues as part of his motion.

P.S. - I like my new legal dictionary <g>



To: K A Anderson who wrote (5669)6/12/1998 4:04:00 PM
From: D LEE  Respond to of 6654
 
Ficticious humorous event:

CVIA keeps 500,000 and returns WOTD and the remaining 500,000 to the
... Reg S people.

(that was unkind of me, I'll cut that out.)


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