Again, I am not sure why you do not understand this. The outstanding share count is the total amount of shares already sold into the market. They are already out there in other words. A share buyback on the open market would be needed for that, or a retirement of restricted shares, which is not going to happen. A reduction in convertible debt means they will reduce the amount of MONEY THEY OWE. All that means is if they reduce the money they owe, then they do not have to sell as many shares in the future, or give them to the financier at a discount, which in turn means the OS will not go up as much (less dilution) in the FUTURE as it could have before the debt reduction.

Please try to understand this.