You have to read the Appendix 3b
in conjunction with the 14/1/2019 announcement
ASX APPROVAL LETTER AND TERMS OF ASX WAIVERS
There is only 524 million shares escrowed for 2 years.
(Not sure if combined for MCL,T2,HHC)
There is a whopping 704.4m with only 12 months escrow.
From the 14/1/2019 notice,
(c)
(iii) For the purposes of determining the length of the escrow period for Shares
issued to unrelated seed capitalists which are subject to 12 months escrow,
the 12 months escrow period will be deemed to begin on the date on which
on which the cash subscription for their shares was made.
Should have been a seed investor in MCL.
With the
1.481 billion shares issued in this 3b and taking away the 2 and 1 year escrow
there is just over 252 million shares not escrowed.
Taking away the 170m capital raising,there is another 82m ready to sell.
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