They were not "given" to MNQ holders as part of the deal, the majority of the 52M (being 37.5M) were options given to the convertible note holders basically sophisticated investors who put in a combined total of $750K when the company was MNQ but had acquired the rights to EPT. The raise for that $750k was done at 2c i.e. the listing price of EPT, but it also came with a 1:1 option exercise at 2c, which will from October-17 bring in $750k cash for EPT over the journey that holders exercise the options (since they are unlisted)
Some people will ask oohhh this will be selling, well how would you know? those people may have already sold their shares from the con note a while ago, and now convert and hold the shares from the oppies, for similar reasons as all those holders currently holding their shares.
Fear of selling is a weird one, since logic would mean you equally fear current shareholders from selling their shares wouldn't you? afterall some holders have bought anywhere between 3-6c.......
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