Per the ESCU team, all funding so far has come from their own pockets. They have been paying the accountants and attorneys involved in the S1a filings.
The SEC has been in dialogue with them both online and via phone to move things forward. It looks like they are very close to reaching the goal.
Then the company will close an initial round of funding via the S1a and hedge funds. It will move to a higher exchange and proceed with getting the chill removed by the DTC. It will also become fully reporting. The slate will be completely clean.
It's great because they are doing everything by the book and they are putting their own money on the line.
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