People don't understand that the company has no idea when shares are sold, they only know when they convert, there is always a lag between the conversion and eventual dumping of all shares.
Add in MM's who will short it, panic retail and so on and it compounds and prolongs the issue.
Just got this from ceo: We didn’t sign off any new conversions, I’m looking into this this morning.. News by weeks end and will post share numbers at that time