For me when you factor in that seemingly someone wanting this many shares is willing to pay .0024 to .0025 instead of letting the market price drop to fill the order - that to me installs some level of a floor in the price as this buyer sees it. They are willing, with the conversions out there, to seemingly bet this is as low as we go and say “I’m stepping in here.” I see it as a bullish stance and this set of factors to me outweighs the con that there is dilution seemingly to meet the demand. I by no means am an expert and this is just my personal opinion. To each their own.
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My comments are only my opinion and are not to be used for investment advice. Please conduct your own due diligence before choosing to buy or sell any investment.