The converters are now common shareholders who now want the price to go up The same as all the rest Once all the shares are converted Then the price will rise until then they are still converting and get more shares The lower the price The higher the price less shares. Common sense as to why the price is still low as you still see Form Ts everyday When the Form Ts are over Then everyone iis a common shareholders and all will want the price to go up as there will be no more conversions and no reason to keep the price low Not to hard to understand