I think you may have caught a problem that they have, but are not aware of.
I know the 14C states their intention for the F's to have the option of Conversion, but agree that if the Articles don't permit it, Conversion would be illegal.
I guess when/if he tries to convert, the T/A would catch the discrepancy, and then they would need to amend the Articles.
But he clearly intended for them to have the option of Conversion in that Jan. filing.
True Long: I don't have the time to be active, or I screwed up.
Nothing honorable about holding a stock you think will fall.