What an insightful question/suggestion about Klug being forced to convert his 248 million shares into commons. Yes after reading the court filings made public on August 18th, it seems that your speculation about why Klug converted his preferreds, that you had on August 15th was precisely correct:
What an amazingly insightful speculation about someone forcing Klug to convert, of course it was Schreiber and his attorneys. I don't think I would have been able to guess that at the time. Great intuition about why insiders do what they do. Excellent work!