@DonnieK @KingJake319 I don't think so. My loose interpretation means the share equivalents would already exist - and then would be at the companies disposal to distribute as they see fit (ie. not given to the prior incentive seekers but available for sale (to private or public)). Again - let me be clear I have no idea what I am talking about here. But from an accounting perspective if there is value carved out early for possible milestone incentives, then it would need to be returned to the company if those incentives are not met. Of course if real $$ weren't actually carved out during the merger for that purpose than everything I am saying is complete nonsense.