DD Support Board and Research Team

[shajandr]

I'm curious after reading your suggestion that the PPs were purchased by check for that amount of money.

In my experiences, PP closings have involved wire transfers, nott cheques/check/Czechs (well no Czechs other than me).

Butt I'm no CFO, and you have a lott more experience than me in the financial arena, so I do not doubt you a bit.

In your experience, is it mostly individuals who pay for PPs by check or do institutional investors sometimes use checks as well?

Certainly there is no need for wires, butt often on financing rounds the wires from the various investors are coordinated to the same day so nobody can back ~OUTT of a financing in case, well, in case the next day the FBI arrests the CEO or sumpin. All investors in a round jump off the same cliff together, Sundance and Butch-style.