If/when TFN has a buyout then it's in Mike and Sandy's favor to have the PPS as high as possible at the time of buyout. Either a buyback of shares and/or a larger percentage ownership of TFN would help increase the PPS not that it would help the buyout price . Not sure whether to convert or not. Within the two year period flippers could make out well with the spikes. Converted could loose because of the retracement element with the high O/S. A lot depends on how widespread TFN really gets. Doing is different than saying. Wish we had more time than the April 30th deadline. I think many are hoping for a major carrier announcement soon so that they have the funds and the confidence to convert.