A self-underwritten private placement with no contingencies does not require an escrow account. The money has been accepted and is gone, spent, consumed.
But you or anyone else is more than welcome to dispute this by asking this question on the company board:
"Is there an escrow account that is holding the funds raised from the private placements?" And if so, how much is in that account?"
Good luck getting an answer, or a straight forward answer.
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