In my opinion Bergen would be the seller. That is the way they...

In my opinion Bergen would be the seller. That is the way they operate as looking them up on Google will show. They sell down or borrow to short shares to increase their shares when they convert the "converting shares". I don't know how this cash injection can be called interest free if they start by giving them free extra shares to use to drop the price and maximize their conversion shares. I can understand why they call this "death spiral financing".