So the announcement dated 28 Nov 2016 says 157,207,561 shares will be released from escrow.
In "replacement appendix b" dated 19 Jan 2016 I can see 106,800,097 performance shares escrowed to 11/12/16 (presumably to directors?) and 84,981,561 ordinary shares escrowed to 11/12/16 also.
According to announcement issued 4 march 2016, 36,625,968 of the options purchased at 2 cents back in in February are due to be released from escrow ending 11/12/2016 also (i suspect this relates to the pre-RTO loans you referenced?).
So none of this adds up to me, but I probably haven't researched as extensively as you have. I suspect the response to this request will be DYOR, but from your research would you please provide a breakdown of the entities that receive these escrowed shares and the purpose they where issued?
Also any thoughts as to why the exercise price of 2 cents wouldn't serve as a floor? IMO the market saw this coming and figured there might be a chance these options converted at 2 cents back in February and held in escrow until Monday will be sold for a small profit (hence the demand for shares dropping back the to 2 cent level). Not sure what would motivate them to sell under that price. But who knows, right? If they are off loaded I suspect it'll be a slow trickle to preserve the price level. Dumping below cost isn't the way to make money!
And if these shares aren't for sale buyers will stop waiting. Price will rise.
Always good to be prepared for all possibilities.
Shares out of Escrow, page-31
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