That wouldn't be an upside. Imagine if you were those convertible note sellers. I'd like to be them in many penny stocks. All the money they make, or even market makers. No way keep this going. It's a legal way of a corporation reaching into your account and taking the value of what you own. I like it. Now if you're a shareholder holder and you don't look at the increased liabilities yoy then you're just the customer, not the cigar smokers. It's a totally legit business where they sell to shareholders their debt and have shareholders pay their livelihoods. Always 2 sides to a trade
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