These are separate voting shares, not the same as common...no they would not be converted for debt purposes, only control. Convertible debt shares would come from the AS/common share pool.
The OS is technically 3.8B, but since 1.5B are steve's restricted shares, there are really only 2.3B circulating, likely much less since he had the option to purchase another 120M restricted shares (p. 15/23 of quarterly)
Nothing in the fins mentioned the preferred shares are convertible. They have zero value, but contribute to the OS. So, those 30M will be retired and there will be no more preferred shares. They are voting shares only.
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