VNDM needs to keep the short position below 500m shares to be safe. It means to deliver all of the shares we have 8-12 more cycles of short cover- convert- deliver shares- sell shares to get rid of fife. To avoid some nasty SEC issues VNDM and Fife should wait 3 to 5 business days between cycles.
It would now appear to be easier for Fife to exit since he now appears to be getting freely tradeable shares instead of restricted shares.