There was nothing in the filing about them being investors or the like, that is either your assumption or speculation.
I cant speak to their faith or interest in the company as it is not addressed as well....once again, speculation
I think I have covered the ability or lack of interest to convert. That is simply on the management team of that investment to decide what to do with the note.
What I know as fact is the strike price for the warrants was just reduced by over half the value.....NOT GOOD and does not paint a good picture of the potential(future) value of the company.
The PPS is speaking volumes as of late and folks can dismiss the PPS as small trades, light volume, or for what ever other reason...but the fact it has been here for so long and continues a downtrend...all the while a huge increase in authorized looms.....this does not paint a positive picutre of the intrinsic value of an SGLB share....