If the following schedule is right and no more CDs

If the following schedule is right and no more CDs to convert after August then we have about 20 to 25 million more shares to convert for August?  I assume they will get the money and pay up coming CDs after August.

2011 
January $ 19,000 
February $ 17,500 
March $ 48,000 
April $ 52,500 
May $ 32,700 
June $ 17,450 
July $ 18,750 
August $ 8,000