Although the initial grant of shares in July 2013

Although the initial grant of shares in July 2013 (53m, issued prior in Q2/3) based on price 0.0183 would appear to leave 117m as the balance, that latter share amount can fluctuate per quarter issued based on price and O/S. A higher pps presumably gives the rats fewer shares. It must be emphasized that all the latter shares when issued, apart from the initial 53m tranche, are and will be restricted for one year per the settlement.  Your persuasive chart work has been an excellent guide in detecting dilution.