wrong, read it again.....if the AS raise is not approved, and a further vote comes up for whatever reason, they will have voting rights to their conversion shares, even though not converted yet.
That amount has to be added to the current OS....
"In addition, on any matter presented to the stockholders for vote, the Preferred Stock shall vote as a class with the holders of common stock, and each share of Preferred Stock shall entitle the holder thereof to such number of votes as if the Preferred Stock were converted to common stock at the Conversion Rate.