Such a conveyance or transfer may amount to a conversion or actual fraud. 10 Am. Jur., p. 842, § 190. Unless third parties are bona fide purchasers for value after the lien of the chattel mortgage has expired, or are creditors, they stand in the same relation to the chattels covered by the mortgage as the mortgagor. Conway v. Headquist, 95 Colo. 187, 34 P.2d 69; Bogdon v. Fort, 75 Colo. 231, 225 Pac. 247, 10 Am. Jur., p. 796, § 125. As to them, no extension was necessary.