Grabbed a few at 0.9c last week, poor timing lol.Didn't see this...

Grabbed a few at 0.9c last week, poor timing lol.

Didn't see this one coming but in hindsight, the conversion floor price looks like it was placed to protect Bergen rather than Isonea holders.

Never liked the share structure of this one with all the previous unlisted piggyback options but thought it was safe at 0.9c............

google Eugene Tablis, MD of Bergen and also MD of Springtree (Bergen looks like a spruced up spin off of Springtree to me)

"Safeguards have been put in place to minimize dilution, including the structure for conversion price of additional share purchases by Bergen, and the Company’s option to not issue shares and terminate the agreement if the share price were to be lower than a specified floor price"

http://www.openbriefing.com/AsxDownload.aspx?pdfUrl=Report%2FComNews%2F20111004%2F01224921.pdf

http://www.google.com.au/search?q=eugene+tablis+springtree&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-GB:official&client=firefox-a

http://www.google.com.au/search?q=eugene+tablis+springtree&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-GB:official&client=firefox-a#sclient=psy-ab&hl=en&client=firefox-a&hs=9st&rls=org.mozilla:en-GB%3Aofficial&source=hp&q=eugene+tablis+bergen&pbx=1&oq=eugene+tablis+bergen&aq=f&aqi=&aql=&gs_sm=e&gs_upl=528980l532955l0l533344l16l16l0l0l0l9l482l5586l2-3.10.3l16l0&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=a8e592f1ce8a2716&biw=1280&bih=707