I guess we don't know that any Officer, Director or Affiliate of a public company must file a Form 4 and disclose their intent to sell. After that, then they are subjected to strict volume restriction limitations on the amount of shares they can sell on any given week over the course of 90 days.
Of course, if we do know this and conveniently forget to mention this then maybe there is an underlying reason to provide only half a story.
If the company continues to allow conversions they are going to damage the share price in the near-term. No doubt about it. I've been in other stocks where the company was powerless to stop the conversions and it got really ugly. I really hate to see this happening and hoped the company was serious about avoiding conversions. I believe long-term the company will be fine and at some point they'll have access to more advantageous financing. We're just not there yet.
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