If they had a fixed conversion contract open there would not have been a market for it, as price would have been fixed and they prolly wanted to pump it and a fixed-rate-token is a bit of a stupid thing to pump so you remove that conversion option and suddenly it's pumpable. lel

You see how this thing isn't scientific at all and just a cheap ponzi-pump-machine? That DAO could have been run on free tokens too ... lol
But aparently it was better to pump lots of money in and drive it against the first wall. pahahah. Morons.