With the markets acting like they are now days I would think a CD holder or more would probably convert their shares then sell and so convert it to cash in the bank. But then again they could be converting expecting good things to happen soon.
They've been selling into a piss poor price caused by themselves naked shorting the stock, but who knows how many their holding and if they actually plan on making money with what they still hold. We all know what 3rd quarter guidance is, and it's better than the 2nd quarter. Who knows except for those converting how, what, and why.
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