re: 24 million shares to hit the street ##sorry boys the escrowed shares are already included in the share register, They were alloted some time ago and accordingly had to be included in the register regardless of the terms governing the allotment##
the Company will apply for quotation of these
securities immediately following their release.
What part of the above phrase dont you understand ?They were "restricted securities" and as such were not tradable and don't form part of the total number of shares on the asx.
By the end of this month there will be an extra 24 million "quoted" shares added to the already existing 147 million shares.
It is important when calculating the worth of a company to take into account the "unquoted" shares.
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