NSAV Holding Inc (NSAV)

[shotsky]

It is illegal to create convertible notes when the AS has no room for the conversions. So, there are no convertible notes to mature to start with. Notes are not created using preferred shares, so that's out of the question too. Almost all of the AS is issued already, and the remaining ones are up for sale in the so-called 'offering'.
JT is no longer a part of NSAV either. So he's not doing anything, any more.
But in general, when notes convert, they are not restricted shares, and the lender dumps them immediately. They lend money, and are not stock traders unless forced to take shares in lieu of payment.