will they or wont they

SO does anybody think any of the mcooa oppies will be converted and if so how many . Bearing in mind they may have already accumulated quite a few when mco was trading in the 16-18 cent range before the cap raising. Not to mention if somebody is accumulating then how many ordinary shares will they have picked up at 8- 12 cents as well. Just speculating but this is a definate possablity. What % stake will they have already built up.