For the sake of the conversation, if CS converted $5mm of preferreds to $5m of commons and the stock moved down 50%, then wouldn't he also be down 50% AND, the big AND, he would no longer have an asset backed by his original hard assets...the ones he brought into SWVC atthe time of the acquisition of NCH.
Personally, I don'tt hink he...or any advisors he has...would be that silly / dumb to make such a move.