Since their common shares ownerships didn't change much after the conversion of those 2 preferred shares
I wouldn't be surprised if they gifted those shares away and then those common shares went to somebody else who dumped them into the market giving kick backs to the Stead brothers (plagiarized BTW)
Or
Kennay lied about Shares in this Filing He has been corrected many a time By this very Board The Series A was indeed converted..... Few would notice