Doh! I should have realized that that was the point you were making.
The Company anticipated your point in the terms of the agreement. Again from the 10-Q:
"The holders of the preferred stock are limited in the amount of stated value of the preferred stock they can convert on any trading day. The conversion cap limits conversions by the holders to the greater of $75,000 and an amount equal to 30% of the aggregate dollar trading volume of the Company’s common stock for the five trading days immediately preceding, and including, the conversion date. However, the conversion cap will be increased if the trading volume in the first 30 minutes of any trading session exceeds certain trailing average daily volume amounts."
The size of the opportunity wasn't as great as the concept:
May 08 2019 0.345 2,366,980
May 07 2019 0.417 2,513,988
May 06 2019 0.2205 760,633
May 03 2019 0.171 403,294
May 02 2019 0.156 100,904
May 01 2019 0.1595 396,482
Apr 30 2019 0.145 253,832
Apr 29 2019 0.142 352,987
"30% of the aggregate dollar trading volume of the Company’s common stock for the five trading days immediately preceding" wasn't a whole lot of money.
News 
Market Data 
Discover 
