I'm not an expert by any stretch but I've also worked out that...

I'm not an expert by any stretch but I've also worked out that going on the terms and the 15% rule means this week they could have potentially sold 15% of what was traded so 132,172,484 traded means 19,825,872 of the CN shares could have been sold??

I would say they probably offload the $10,000 worth first up then they figure out towards the end of the day how much shares they can sell which gives them the 15% daily maximum then they offload the rest later in the day to fill the 15%

The question is how many shares do they have or have they converted?

I have worked out a figure going off the 3B Con note Ann's that they have converted 45,104,193 shares but how many they have sold is anyone's guess..

I am not an expert on this kind of thing so if any of this is not right I'm also very happy to be corrected as I'm obviously keen to get a good understanding of this aspect..