diff --git a/otc_doc_convertor/convertor.py b/otc_doc_convertor/convertor.py
index 72ac7a497..4c6d3761a 100644
--- a/otc_doc_convertor/convertor.py
+++ b/otc_doc_convertor/convertor.py
@@ -439,17 +439,17 @@ class OTCDocConvertor:
 
         # Special case for multiple asterisks and colons like ecs:*:*
         re_escape = re.compile(r"([:])(\*+)")
+        re_escape_new = re.compile(r"([:])(\*)[^$]")
         for p in soup.body.find_all(string=re_escape):
             if p.string and (p.parent.name == "p" or p.parent.name == "li"):
-                p.string.replace_with(
-                    re.sub(re_escape, r"\1``\2``", p.string))
+                string=p.string
+                while re.search(re_escape, string):
+                    if re.search(re_escape_new, string):
+                        string=re.sub(re_escape, r"\1``\2``", string, count=1)
+                    else:
+                        p.string.replace_with(string)
+                        break
 
-        # Additional loop fixing false positives from previous loop
-        re_escape = re.compile(r":``\*``$")
-        for p in soup.body.find_all(string=re_escape):
-            if p.string and (p.parent.name == "p" or p.parent.name == "li"):
-                p.string.replace_with(
-                    re.sub(re_escape, r":*", p.string))
 
         # Drop parent link at the bottom of the page
         for parent in soup.body.find_all("p", class_="familylinks"):