1. No. a fresh 350 m units will be issued to that intermediary for the sole purpose of providing security against the guarantee.
2. It is restricted from trading under contract, so its an escrow of sorts.
3.Not applicable
4. The intermediary will have little to no rights to trade the stock. They are there as the custodian of the security as it pertains to supporting the guarantee.
5.if there are 350 m units once ECT has completed the project then the stock can be returned to the company via a selective buy-back
1. No. a fresh 350 m units will be issued to that intermediary...
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