I think that most likely it was a note conversion. I think maybe Fife saw an opportunity to make 40% profit on the remainder of their note and converted it rather than have it bought back. Maybe we'll get that end of dilution PR now. If this was a prelude to a R/S then that would be obvious insider trading and for that reason I doubt a R/S is coming anytime soon though I've been wrong before. If this dumping wasn't a conversion and Berge does a R/S now I think this stock would be shut down pronto.