June 30 SI down 2.9M

I was very curious about who approached who regarding the convertible notes. At the end of the annual meeting they mentioned that it was the note holders that wanted to convert early. How did that conversation start? "We would like to convert our notes at a lower price than the current SP, AND at a lower price than 4.22. Opko's response: ok!
I don't get it. The reason they said was to reduce debt, but they could have done that in 2022 at AT LEAST 4.22.
Did Frost feel bad for them do he let them out, and now they're selling all their shares at a profit? Is it cancelling out their short position?

So we just sit back and watch them sell their shares on the open market to drive the price down so Frost will convert more at an even lower price. Awesome.