I'm not so sure that you are correct. My understanding is that J. Moaning sold these shares for funds and marketing services to be done for BLDV some years ago. Josh has tried to get these released when he first took over but was unable to because they are not owned by BLDV.
BLDV can bring suit because the marketing services were never rendered, but would then have to pay back the money that was given to J. Moaning/BLDV. As the shares are frozen and cannot be traded Josh left it as is because he didn't have the funds or the resources to bring a lengthy litigation.
Stervc has more info about what happened with these shares and what has to be done to release them.
The 2.6 billion 'Held at DTC' shares are the shares on deposit with the brokers. There is no need to release these shares, these are the shares that you, I and other BLDV shareholders own that should be freely tradeable. These shares are already included in the 5.386 billion O/S which is currently included in the 5.8 billion A/S.
For the 'Held at DTC' amount, here is a link that describes how it works:
I found this sentence in the link above to be useful:
An “eligible security” is one that is freely tradable pursuant to U.S. securities laws and is otherwise qualified to be held at DTC and serviced.
Based on this understanding, the 2.6 billion DTC will not need to be released as they are on deposit with brokers.
Further, here are a couple of older posts that Stervc prepared previously that touch on the Held at DTC shares for BLDV and provide context to clarify how you subtract the DTC shares from the float to obtain the shares in cert form:
Since we do not have a recently updated float number, we will not be able to calculate the current amount of shares held in cert form using Stervc's methodology.
Now if we focus on the 5.386 billion O/S, as per OTC markets, it is comprised of 1.3 billion restricted shares and 4.08 billion unrestricted shares. My understanding is that the 4.08 billion unrestricted shares includes the 2.6 billion DTC shares that are on deposit with the brokers. The remaining 1.4 billion unrestricted shares may be still in certificate form or not on deposit with brokers; which is what you may be referring to. There is also the 1.3 billion restricted shares that could also be what you are referring to.
BLDV has not had any dilution other than the restricted shares that were issued as part of the 25% share exchange agreement with Cann10 North America in December 2017 – link back in share structure monitoring post history below:
We do not have enough information to determine which shares can and cannot be returned to treasury and which shares may potentially be included in a buy back, if and when it happens.
I hope this helps add clarification. Again, the above is based is based on my limited understanding of share structures and there are other shareholders that can provide a better explanation than I can. If you have other questions, you will need to send your questions to BLDV directly.
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