Replies to post #2917 on Bergamo Acquisition Corp. (BGMO)

[snortgoesthebull]

Its means this: (VERY GOOD NEWS)

Escrow companies are also commonly used in the transfer of high value personal and business property, like websites and businesses, and in the completion of person-to-person remote auctions (such as eBay). In the UK escrow accounts are often used during private property transactions to hold solicitors' client's money, such as the deposit, until such time as the transaction completes.

Basically the money is in Escrow meaning its available but can not be taken out until the deal is completed. Much like your home morg. Safe keeping until its time to pay