Which shares? Converted??? Common shares don’t need to be converted. Do you mean not sold because they are restricted somehow? Did he say Carlin’s shares were being cancelled? Not even sure how he had those shares in the first place. Is that part of George’s playbook now?
This company has been used and abused for so many scams tough to keep track of who owns what. The reason George said forget about and audit and being SEC reporting.
You can read about what the last attempt tried Doing a name change and reverse split.