I am reading it like you Neptune. It is unlikely that the board would remove escrow to allow the director to offload because he wants or needs money. More likely an institution wants more ownership prior to achieving their mandate for finding project finance.
It may be the difference between the project finance being fully debt funded versus debt equity funded. Maybe the director was called on to make this transaction possible. He may have traded his percentage equity in the company off for the sake of him and us getting a higher price on the remainder of the shares down the road.
Next months trading should provide an indication of whether it is positive or negative.
dyor
Ann: BOSS TO FACILITATE FURTHER INSTITUTIONAL INVESTMENT, page-10
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