I agree this is a very good sign. The people at ORI are smart, experienced and would not give up their security without good reason. Hopefully they can't buy more shares now because negotiations are far enough along that insider trading rules would prohibit them from doing so at this time.  Perhaps later though.

We strongly believe this conversion illustrates ORI’s confidence in our corporate strategy and management team,” said Donald McCaffrey, President and CEO of Resverlogix. Really?  I believe it is more likely that ORI has confidence that the science and negotiations around the science (Apabetalone) has reached a point where the value proposition and investment potential now favours the equity vs debt regardless of management.  Optimistically, this could be signalling that even if Donald Duck was currently in charge Apabetalone will be moving forward in better hands.  Just my opinion