Replies to post #2912 on Bergamo Acquisition Corp. (BGMO)

[fallback]

http://en.wikipedia.org/wiki/Escrow
http://www.investopedia.com/terms/e/escrowagreement.asp

[snortgoesthebull]

better clarification as my last post could be misunderstood. They are setting aside the fees needed to close the transactions. So when the transactions do go through the fees are already taken care of.. Again just like end of year tax. You wouldn't set aside escrow $$ without a set dollar amount.. IMO this tells me its pretty much a done deal aside from the funds being released.. which yes I know is the ultimate goal :)