Preferred can't convert to common because there are no common shares left. After they increase their A/S by a factor of 2-4 and reverse split 1 for a couple hundred again, then you'll see the trading volume pick up (as the preferred stockholder continues his conversions).
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.