"From that time on..he gets what he wants in the way of share holder votes."
That's assuming the whole JB story holds water - I'm not convinced yet.
Any selling - of any of the AS of 500 million shares - would bring an end to any "control" - if any ever existed.
And I am not convinced that there will be any immediate control, especially given what the company has told shareholders about the conversion period of 8 years...