I gotcha, so you're just assuming. I got the impression from your earlier post with the chart that you were indicating that's what WILL happen.
I also think you may be confused with regular restricted shares and preferred restricted which are for executive and affiliates and control persons, which are governed by an entirely different set of rules.
Again, preferred shares don't automatically divest once they come off restriction. It's up to each one of those executives to choose when and how many shares of their stake they (or if any at all) would like to convert into free trading shares. I don't know of any executive holding a certain percentage to want to reduce and dilute their entire stake.
By that theory every stakeholder will decide to convert their shares in October -- that's not plausible, that's not even mentioning the fact that insiders and affiliates could only sell 1% per every 3 month period, plus there's volume restrictions, so it's mathematically impossible if we were to consider restrictions.
You can rest assured that won't be happening, even in a worse case scenario.
Preferred shares are accounted as portion of the fully diluted EPS, but they don't automatically become part of outstanding or market capitalization and if you're looking for true value then that's where Enterprise Value comes into play, i.e. MC + Debt + preferred shares - cash & cash equivalents.
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