I have the terms of the notes which state that Asher can convert as early as 180 days after the note is issued. Thus, the note that was issued on February 29, 2012, can be converted on or around August 29th. They can convert the note that was issued on January 13, 2012 at any time if they haven't already. It is only a matter of time before they convert and dilute IMO.
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