They have always been in the registry from day one (of the reverse take over of GAL). There is no additional shares being issued or any dilution..it is simply reclassifying the shares as tradable vs locked up.
If these shares are traded (in any way) then the company has to make an announcement to the market given they are part of a substantial holding.
We always knew what the escrow period was given it was all detailed in the prospectus.
IMO Nick would not sell any on market given it would be a negative signal...
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Ann: Release From Escrow, page-17
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