Ann: Conversion of Converting Notes, page-7

"Has anybody done the numbers on this yet or can give me the reason as to why Bergen didn't convert the rest of the notes at .001?"

Clearly Bergen believe that the price is not going up any time soon. So no need to convert.

"The lowest tradable price. To my knowledge the next step below .001 is zero"

Well no, with a consolidation the tradable price can continue to fall.

"which is obviously no good for anyone Bergen included"

I would not worry about Bergen, I am sure they are doing fine out of this deal. But that can not be said for long term shareholders.