Ann: Change in substantial holding, page-7

It was not RIM that converted the notes on the 20th August.
Hence why they provided a SH notice on the 29th August that showed their holdings were diluted.
Usually when a holder gets diluted and they want to get back to their existing holdings they chase down a seller....not the other way round.
More than likely RIM purchased a few extra for a trade(that's what these fundies do) and wanted to re balance by the end of the 1/4.
I make it that they paid 11.35 cps for the block they bought so no doubt after selling a few at 12.5, 12, 11.5 and many at 11 they probably came out ahead.....enough at least to buy sushi, ladies of the night and alcohol for the end of 1/4 office party.
Someone else was hovering up the shares @ 11cps.......I think they will do rather well.