Ann: Frontier Oil Corporation IPO Approval , page-2

In the announcement BPO have said they are now in a good financial position to the tune of $7 Mil following the completion of the IPO. The shares they hold are in 365 day escrow, so I assume they cannot get the money for 365 days.

How can they be in a good financial position if they can't access the money. In 365 days what will be the value of those shares in FOC, or is it tied in with the price at completion of the IPO.

Can anyone enlighten me on the comments in the announcement.

I have already sent my voting off for the AGM, and am not real happy with certain elements of the resolutions to be voted on.