The point is that this is the market operator accepting an...

The point is that this is the market operator accepting an undertaking for a reason (to take concerns re the performance shares off the table and potentially let the stock trade before that is resolved). What value is any undertaking if it has a massive loophole that could be exploited. That's why we have laws, we don't just say "well I'm sure people will do the right thing" we create binding laws compelling them to. If there's an obvious loophole it can't be approved, blind freddy can see that this would never be accepted. So I'll ask again: Was the offer of escrow really in good faith or just for appearances? why can't/won't mgmt accept the standard escrow? and finally if the answer is they don't rust the ASX are you as a shareholder legitimately satisfied by that?