I would say yes because IMO it is material. Are they issuing stock to willie Nelson or a toxic debt person? R the conversions eliminating $100,000 of toxic debt or $500,000 of toxic debt? They r required to file anything material. IMO those things r material, especially when they r doing nothing but issuing stock!! It's also well established that increasing the o/s by more than 5% is material but oslh seems to ignore that rule...