I thought you were trying to say that the amount would not be minuscule assuming a double from here. I was trying to say that to a multi-billion dollar bond fund $15M upside would be tiny. And that's assuming that the entire 4-5 million shares was just one fund, which it might not have been, making the amount per seller even smaller. What I'm trying to say is this common stock is a rounding error for these big guys and they just want it or even need it off their books. Waiting for a $15 million gain on the common is peanuts and not worth it. For you and I it is, but not for them.
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