I have a "Vanguard Missive" that can NOT be turned into Xander. I have 3 active currently. I am on the "Unstable Prototype Fusion Rifle Frame" Step of one. The "A Pleased Machine Gun Frame" of another. Also the "Darkness-Infused Pulse Rifle" step of one final one. So that leaves with one of those delightful ( ! ) prompts above Xander's head. Can I only carry three active ones? Or is this a bug, and I'm screwed? If so can I pick it up again if I abandon it? Can I store it? Because if not that is horrible. Why in the world would you not allow us to carry more bounties with Iron Banner active especially? I do ALL of my bounties everyday, so what is the best way of handling all of these Exotic bounties? Seriously, it is incredibly frustrating.
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Fortegx is correct. Complete one of the bounties you have open' then you will be able to open it. And get another of the one you completed.