Assuming a weighted average of about $1080(1083 and 1077) payout per $1000 of principal, $9.944 million in principal translates to about a $10.736 million payout.
With a $1.40 conversion rate and assuming everyone and their dog converts, that adds another 7,668,571 shares to the mix.
If the shares haven't been shorted or flogged already, the current sp is a double on your conversion price and should get it done before October 30th which would then eliminate any remaining overhang.
Makes you wonder how long ago Ned's group of pilferers knew this was coming and adjusted accordingly.
Then again if you don't convert and go for the cash, that's just 10,000 ounces of gold.