bb,
I also saw that happen a few years back - different stock. It went from sub-sub penny to almost $.02 if I remember correctly. However, about 2-3 weeks before the vote to increase, the CD holders started shorting in anticipation of the increase(mgmt. held more than 50% of the vote). Short 1st, convert & cover later.
No guarantee that would happen with THTHF but I guess you should be aware.