SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* SILVERMAN ANTHONY (Last) (First) (Middle) 7305 E. DEL ACERO DRIVE (Street) SCOTTSDALE AZ 85258 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol BESTNET COMMUNICATIONS CORP [ BESC ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 07/26/2006
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Convertible Note(1)	$0.35	07/26/2006		A		571,429		07/26/2006	10/05/2006	Common Stock	571,429	$0.35	1,488,902	I(2)	By Self

Explanation of Responses:

1. On July 5, 2006, the Company issued its 90-day Convertible Promissory Note in the principal amount of $200,000 to Anthony Silverman. Mr. Silverman is a member of the Registrant's Board of Directors and Executive Committee. The Note is due October 5, 2006 and bears interest at the rate of 10% per annum. The principal of and any accrued interest under Note is convertible at the option of the Holder into shares of the Company's common stock at a conversion price of $0.35 per shares. The note was issued but deemed effective until the closing of a Merger Agreement which closed on July 26, 2006.

2. Mr. Silverman has a direct ownership in 150,000 warrants to purchase the Company's common stock, 90,000 options to purchse the Company's common stock, a convertible promissory note convertible into 571,429 shares of common stock, and a convertible promissory note convertible into 670,417 shares of common stock. An indirect ownership in 7,056 in warrants to purchase the Company's common stock which are held through an investment partnership of which Mr. Silverman is a 17.64% owner.

	/s/ Anthony Silverman	07/28/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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