Yes I am, and that is the reason I call you out. What you say is pathetic nonsense. Convertible notes usually come with specific terms and conditions regarding their conversion into shares. The process involves the issuance of new shares to the note holder when the conversion occurs. These new shares are then typically registered and can be freely traded on the open market. This conversion process is typically governed by the terms of the note agreement and is subject to regulatory requirements. The concept of "insurance" in this context might refer to ensuring that the newly issued shares are properly registered and compliant with relevant securities regulations before they can be freely traded.
That is why you need to verify the TA to see if new are are registered before shares can be freely traded.
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