Do you subscribe to the proposition that the share

Do you subscribe to the proposition that the shares issued to CF on a quarterly basis after the first tranche of 53m are not restricted for 1-year? The 53m free trading were issued in Q2/3 2013 and granted to CF in July 2013. The fins say that the due balance of shares (not yet issued at that time) would be restricted and granted in quarterly tranches to CF per the settlement. Are you saying the CF dumping at each start of quarter are part of the 53m tranche?