so much volume, where are all the buyers, page-15

frosty you certainly cannot blame the note holders for doing what they do best

I'll correct your figures,
This last conversion was at 0.0025 for the series 1 and 2, and 0.003 for the series 3

But they are surely picking them up at a large discount to what they could have sold their existing holdings into yesterday, between 0.004 and 0.005

The notes conversion could then just simply be replacing what they sold off yesterday, correct?