Next offering may be $1, page-4

Not only BKN is staying the bear market, whole sector is same. For example,

In Mar 2012, NWH reached 426 cents, last close = 18, Down 95.8%
In Mar 2012, BLY reached 439 cents, last close = 11.5, Down 97.4%

If BKN would match NWH (in Mar 2012, BKN reached 858 cents) with Down 95.8%, SP would be 35 cents.
If BKN would match BLY (in Mar 2012, BKN reached 858 cents) with Down 97.4%, SP would be 23 cents.