Replies to post #100841 on DD Support Board and Research Team

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Well, you and I are used to escrowed funds and the funds are released simultaneously upon closing.

In this case, you have three directors of the company who purchase stock, most like not in an offering, but an accredited investor in a 4(2) transaction.

The fund probably sent a wire transfer, the two directors (I did not look) are most likely close to the company, and for convenience wrote checks (just a guess).

I find it strange if all three went to the bank and wire transferred funds all on the same day. Usually internal transactions like this are a bit more random. Even if they had accounts with a wireless passkey and could remotely wire, I still find it that all three of them did the same day.

Outside directors often do things at their own pace.