Once the share price gets above 59c for 20 days, t

Once the share price gets above 59c for 20 days, then the conversion is locked at 50c. At that point it would be the better deal than if they had sold shares +half a warrant at 50c to Paulson, because they only get shares at 50c. It also would stop some of their apparent timing of conversion based on share prices drops and spikes. Though it would have been nice if they get to adjust the conversion price down at 85% sp to not give them a 50c cap if needing to adjust for the price going up.