Ann: Shareholder Update - Bergen Converting Notes, page-8

Bergen have converted at a discount to market price everytime as per arrangement then dumped for a profit in the following day or 2 in turn giving them a bigger slice at a cheaper price every conversion as our sp gets continually hammered down. Blind Freddy could see this but with under 5% holding it didn't have to be announced to market until the last 2 conversions where they went to 6% ownership for a few days, sold out ceasing substantial holder notice again, reload 7% of company was the last notice.
That's how I read it anyway.