What has been observed (as we've said before) is females taking on male secondary sexual characteristics (like a gonopodium). A fertile female has not been observed becoming a fertile male, nor
vice versa. If it's been observed by so many breeders they should write a paper on it. It shouldn't be that hard, if it's been observed by so many.
On the other hand, one could take a look at the published literature, such as here:
http://www3.interscience.wiley.com/journal/119649409/abstract - and I quote from the Abstract:
"A successful masculinization of the somatic element, which may occur prior to that of the germ cells, in androgen-affected embryonic ovaries seems to be essential for the functional sex reversal of genetic females in the guppy."
Put another way, you have to subject the
mother to androgens, and then some of the female guppies will turn into males. Even then, if you read the abstract, you will find that the female internal sexual organs shrivelled, all this within 20 days of birth. In other words, the females which turned male under intense hormonal pressure had never been functional females.