According to @rogerhamilton, 6 million of his Genius Group ($GNS) shares have been converted from Class A to Class C shares, effectively reducing the number of tradable Class A ordinary shares on the NYSE by 6 million. This move has a similar effect to a share buyback, tightening the available float and potentially increasing share price volatility due to reduced liquidity. Traders should monitor $GNS for short-term price movements as the supply of tradable shares on the market has decreased significantly. Source: @rogerhamilton