Icon Media Holdings Inc (ICNM)

[Jayman5000]

Anticipating the price going down could be another reason to convert. Sell for more money than it will be worth in the future... And yes, the share price now is less than it was when he converted.

Things are "just getting started", aren't they? Why not wait until everything is up and running and showing huge profits? Why show investors that they are already converting this early? That just lessens investor confidence in the future.

Maybe those huge profits in the future aren't actually going to be what people hope.

Additionally, there could be the realization that the OTC isn't at all what it used to be. There isn't nearly the money flowing in that there was just several short years ago.

A bird in the hand is worth two in the bush. Securing some early profit before others convert may have been a quite smart decision. It will be interesting to see next quarter's filings and whether he and/or others have made more conversions even while things are getting off the ground.