Vapor Group Inc (VPOR)

[FinnWeed]

Someone correct me if I'm wrong, but I don't think the increase in the O/S has to necessarily show up in the volume right away.

If the terms of the merger said that the restricted shares could be converted to common shares starting last friday, wouldn't that mean the O/S would increase immediately? But it wouldn't affect the trading volume until they decided to actually sell their newly converted shares. Which might happen tomorrow, in six months, a year from now... Or how does the conversion really work?