Having reviewed the ASX announcements it seems clear that the escrow arrangements are voluntary and not compulsory (ie ASX enforced). Without having seen the exact terms of the escrow agreements, you would ordinarily expect that the consent of the Company would be required to a release of the escrow - which a properly constituted board would not be expected to give. Nevertheless, there could have been an automatic release from escrow upon the occurence of certain events such as director resignation.
All in all, this position should be clarified by the Company otherwise we are entitled to assume that there has been no change to the escrow position.
QTK
quiktrak networks limited
