what you are talking about governs the terms of the conversions. what I am talking about is what happens AFTER the notes are converted. once conversions occur the note holders can sell whenever they want unless the number of shares they own after conversions exceeds the threshold for certain percentage of stock ownership that minimizes how many shares you can sell each day. but even then, the point is that they can be sold at a later date than the conversion date. but that does not equate to dilution. only the converting counts as dilution...when they are issued the shares for the conversion. it is not rocket science.
you just understand one part of the process and didn't realize that AFTER the conversion take place the noteholder is a common shareholder that can hold their shares. they cannot be forced to sell.
News 
Market Data 
Discover 
