The whole litigation situation makes brings in an interesting...

The whole litigation situation makes brings in an interesting element to the convertibles.
The conversion price is the weighted average of the previous 20 days trading.
If CSS was successful in winning it's legal case to the value of $40m we'd be looking at a 50%+ gain in the share price based on the current market cap.
If you converted ASAP you'd be looking at an approx the same near 50% gain on your new shares.