Are you talking about the 4.9% conversion limitation, or is there something else? They can't convert everything in one day, but assuming they wanted to play hardball and dump 4.9% of the outstanding (which would be over 3 million shares on current numbers) on a daily basis, things could get real ugly real quick.
By the way, I realize Implant was hardly in a position to negotiate, but I love that if DMRJ owns over 4.9%, then Implant has breached the loan. I mean, how the hell does Implant know how much DMRJ has sold? Also love that they declared a default, and then renegotiated for a lower conversion rate. Truly, a "great bunch of guys."