FBR General Discussion, page-35

Actually, I don't think you do understand the concept of Angel Investors.

These initial Investors (around 2005 - yes that's 14 years ago) were prepared to invest substantial amounts of money in a concept/dream that at the time was a completely risky Investment (I would say that now in late 2019 an investment in this concept/dream has been de risked somewhat).

These Angel investors were offered as CONSIDERATION for their shares in (Hadrian and Goldwing), initial shares in the now FBR (and also 3 tranches of Performance shares assuming certain milestones being met). So basically they received some upfront shares on the float but took another risk in that they would never receive the A,B & C performance shares if FBR did not achieve the said milestones.
Had they not agreed to these terms then I imagine that FBR would not be where it is today as the float would never have proceeded..

You say that "Now it appears that 30% of the performance shares are going in unknown parcel sizes to unknown holders" - Well the unknown holders are those Angel Investors who stumped up the cash 14 years ago.There is also no reason for you to know who these people/entities are as generally they are unrelated independent 3rd party investors in FBR (ie like for instance, a Mum and Dad investor in BHP).

Again, this was all outlined in the Prospectus when the FBR Prospectus was issued so this information is nothing new to the market as you would suggest . It is nothing new - it did not happen just "Now")