The deal looks fine to me, though very complicated. I don't have a ton of shares but might convert some of them to balance risk.
The question you must ask yourself- How much do you think XXIS will be worth three months after Nov 7th? I don't think we know.
The company is betting that the pps will be .00125 around that time. Otherwise, they'll have to issue more shares on the back-conversions, which is definitely not their objective here.
If the pps is lower than .00125 after three months, you could increase the number of common shares you own, though the o/s would potentially be increasing.
If the pps is higher, then you get fewer common shares than you have now.
But there is risk if you do not convert as well. If a lot of people convert, and the pps stays low, your fractional ownership of the company might decrease significantly when everyone else converts back.
just my opinions.
God grant me the serenity to deal with the things I cannot change; courage to change the things I can and should; and wisdom to know the difference.
