the price of the first Equitas conversion was less than that a few weeks later by EROP, but the share price increase explains that.
Jerry M got the same number of shares that EROP converted, at the same price. It appears that he bought them from EROP since the OS only went up by the 11m amount.
EQUITAS converted a lot more debt for only slightly more shares, but that is because of the much higher conversion price.
EQUITAS could have demanded more shares so that might be seen as odd.
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