Gutnick has no right to convert the notes now, it's at BLK's...

Gutnick has no right to convert the notes now, it's at BLK's discretion if they allow it or not.
the vote is simple:
vote for the existing management
or
vote for blokes that ran hill end gold - HEG are down 97% since 2010 and have diluted s/h by 57%.

as far as polo goes, I really couldn't say if they will vote with or against Gutnick. alls I know is they took a good stake from gutnick and have the option to buy the rest.

but ss, I agree with you the best case scenario for all would be for Gutnick to sell his stake if the vote doesn't go his way.