That is a blatant misstatement. There have been no conversions according to the company. If there were conversions, they would all need to file form 4's and 13D's. Again a blatant attempt to cherry pick facts to fit a specific narrative. If there was proof, he would point to it.
The numbers don't lie...it is simple math. The 30K of "unauthorized" shares don't account for the total difference in the o/s change...That's plain for all to see for anyone who took 1st grade math.