Hi von
That should clear up the worry about any similarities between the Bergen deal and a La Jolla deal.
The difference is LJ usually have it in their contracts that they receive stock, usually at 20% discount which converts straightaway, and they then proceed to sell on market [to recoup the financing and make their quick profit]. The first the retail shareholder knows about it is when the 3B is released.
The stipulation that Bergen must issue a 'notice of intention to convert' removes the possibility of 'gaming' the SP. It is still possible to push the SP down with their 1.4 mill shares in hand but with a suitably lengthy period between notification and conversion it is hard to see them having an overwhelming influence. So the more obvious course for Bergen is to support the price [especially so with the options being worthless to them under 25 cents].
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