i agree. but let's make a distinction between the next report, which is the fully audited 10-K (to report as of EOY 2012) and the next 10-Q, which is unaudited (as all 10-Qs from any company are).
i expect we'll see the K filing by mid april, and the Q for the first quarter of 2013 around mid may. it's in that mid-may filing i'll be looking to see how much convertible debt has been eliminated from conversions over the last few weeks, and also via the asset sale of the 2% override interest in the non-I-1 portions of mustang island.