I am often wrong and let me apologize in advance if this has already been addressed.
If there is significant XXIS news, it likley won't be released until after November 7th; otherwise, less people will be inclined to convert their common shares to preferred shares if there is significant news released prior to November 7th and the share price actually starts moving up.
If there is going to be a reverse stock split, it likely won't occur until near the end of 3 month holding period for the prefferred shares. Otherwise, if any potential reverse split occurs too far in advance of the end of the three month hold period, it would allow too much time for the share price to drift back down to the pre reverse split share price (if there is no significant news released to sustain the share price) and XXIS would have to issue an insane amount of common shares when preferred shares began converting back to common.
