The SEC does not suspend a stock for "conversions". As for an RS, it is inevitable...AT SOME POINT...but it is not required now, or likely soon because the stock has liquidity and is not in the low trips.
An RS is driven by the ability...or lack thereof, of note holders to sell their conversions into the market. That is what drove the last two RS's.
At the moment the stock is well above the low trips and does have buying liquidity. Enough for the note holders to continue to slowly bleed the conversions into the market. In November, they were doing so about 10-30 million shares per day.
But with well over a millon dollars in convertible debt...an RS is inevitable. When the OS gets to the AS and is still liquid...they will raise the the AS...if it is losing liquidity and the pps is in the low trips they will RS.
Only a question of when.