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Re: VVVVVV post# 59213

Wednesday, 11/17/2021 12:00:25 PM

Wednesday, November 17, 2021 12:00:25 PM

Post# of 73518
My two cents: Without a third party to hold the escrow, either the Seller or the Buyer has to hold the escrow monies. If I assume that the deal is still viable (big assumption at this point), the Dubai people are probably holding the escrow. If that is the case, they won't release it until certain conditions are satisfied. Those conditions would be spelled out in the escrow agreement which we are not privy to. Since we are not holding it, it obviously won't show up on our balance sheet. Nonetheless, having said all of that, I don't feel all warm and fuzzy in that there was no mention of the deal at all, not one iota. You would think that there would be some mention of it...at least in the footnotes. Still holding.