Egold, what I’m trying to tell you is when they are converted the process isn’t over. The o/s increase is just on paper, until they are sold into the market the effect isn’t realized. So when they were converted nothing material happened yet, now as they are being sold into the market(the recent t-trades as proof that they are continuing to be sold), then the affect on the stock price occurs. So until all the shares are sold off, we will continues to see selling pressure. Hence, I can say it’s dilution because it’s all part of the same process.
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