5c before minosora can trade -anyone confirm?

this was announced by co. when Minosora joined.


"Mr Minosora?s appointment will be ratified at a
shareholders meeting to be held as soon as
possible. Shareholders will also be asked to
approve an Executive Incentive Share package
for Mr Minosora under which he will acquire
shares in three tranches, each at a premium to
the volume weighted average price (VWAP) for
the 10 trading days preceding the date of this
announcement, as follows:
 33 million Executive Incentive Shares at
3.3 cents each, being a 13% premium to
the 10 day VWAP, vesting after 6 months;
 33 million Executive Incentive Shares at
4.0 cents each, being a 37% premium to
the 10 day VWAP, vesting after 12
months;
 33 million Executive Incentive Shares at
5.0 cents each, being a 71% premium to
the 10 day VWAP, vesting after 18
months.
None of the Executive Incentive Shares will be
tradeable unless the Company?s shares have
traded above 5.0 cents each for more than 10
consecutive trading days."

do i read this right?

before he can sell any off his stock the shares must be 5c for at least 10 days in a row?

Surely if this is right then come h--- or highwater the stock will get to at least this price.


DYOR