RE: RE: RE: Why Yellow is not cancelling the p Blue Collar, The A's and B's are convertible at managements discretion. Lion knows this. He keeps on posting the conditions of a redemption, which no one disagrees on in principle. The problem is he leaves out the conversion rights to make it seem like redemption is the guaranteed outcome. It is not. The conditions of a redemption are guaranteed short of CCAA but the redemption itself is not. Again he knows this.