Those trading figures do not necessarily tell you who the converters were.
It is probably fair to say a lot of those who bought at the cheap prices you have shown were converters (as it simply paid them to convert and sell half their holdings for a 2-3 bagger with still 50% of the postion owned), but it does not tell the whole conversion story.
I can tell you several long term legacy holders from the Powerco days were the ones that stiffed them at the meeting. 49M of face value voted against the amendments.
BBI Price at posting:
7.4¢ Sentiment: None Disclosure: Held
