Enterprise Vault placeholder recall not working

Hi, 

first a little description about our environment:

1) EV version 1.0.4 HF3 running on Windows Server 2012 R2

2) EV is being used to archive files on 4 node Windows Server 2012 file cluster

When trying to do a bulk recall od placeholders (we have to copy, not move, them to new locations) using command: 

FSAUtility -b -s \\path-to-share

FSA utility does its thing and log says the placeholders were recalled  but not even those placeholders are recalled (they still have an "X" on them). 

Log can be found attached.

What am I doing wrong?