Of course not, lol. All it means is that AZ is in receipt of initial funds, because the conduit to his bank was already there from Class 18 !!!! AZ is the recipient of efficiency, from the past transaction of his Class 18.
AZ inquired about payoff on his Class 18 holdings, first with Rosen who then re-directs to DL.
Class 18 prospectus requires buyers meet certain requirements, such as being an accredited investor. AZ was, and he sent proof of his accredited Class 18 holdings. It's no stretch to think when his brokerage account holding info is sent to prove accredited Class 18 holdings, that all flavors of his holdings are available and recognized. Anyone could've done the same thing if they chose to be so precise if they were accredited Class 18 holders.
I dont have any prior funding transaction history to my bank for Class 18 payoff, as do most here I'd imagine. AZ's situation is as unique and diverse as the flavors he participated in. So, great for AZ! I'm happy for him, I'm happy he shared what he's experiencing! I think this all bodes well for the rest of us in what's to come.
Our funding will be more meandering than direct (like AZ), and depending on how many stops are involved, I'd expect this could take some time (bank to dtcc to bank versus business days)......seems conveniently after the COOP presentation? The stock is suspiciously rising at the same interesting time, which makes it less tasty for us to buy in perhaps later...when COOP is hoping to reclaim its own stock for less presumably.
Interesting times; tangled times.
