Questions to Fred Woollard, page-4

The answer to your question about the 309,339 shares is that these were the shares bought by Hamilton Securities as part of its takeover bid for ARL in 2015. I am a director of Hamilton Securities, and any shares owned by Hamilton needed to be included in my director and substantial shareholder filings.
The escrowed shares are identical to your shares (and everybody else’s shares) except that escrowed shares cannot be sold (except to an another associate of mine) for the first two years after ARL shares were admitted to trading on the NSX. For that reason, your ARL shares are arguably better than mine, in that you can sell your shares to whoever you please, whenever you please, but I cannot.
The NSX imposed the escrow on ARL directors as a condition of listing. I believe this is a normal condition of NSX listing.

The 309,339 shares ??Is 309 million ?? If so cant wait to see what shares will be worth in 2 years!!