UNITED STATES

OMB APPROVAL

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C., 20549

OMB Number:     3235-0101
Expires:     December 31, 2006

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FORM 144

SEC USE ONLY

NOTICE OF PROPOSED SALE OF SECURITIES

DOCUMENT SEQUENCE NO.

PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933

CUSIP NUMBER

ATTENTION:     Transmit for filing 3 copies of this form concurrently with either placing an order with a broker to execute sale or executing a sale directly with a market maker.

1 (a) NAME OF ISSUER (Please type or print)

CONVERTED ORGANICS INC.

(b) IRS IDENT. NO.
 

22- 4075963

(c) SEC FILE NO.

001-33304

WORK LOCATION

1 (d) ADDRESS OF ISSUER     STREET     CITY     STATE     ZIP CODE

(e) TELEPHONE NO.

137A LEWIS WHARF                                    BOSTON               MA      02110

AREA CODE

617

NUMBER

624-0111

2 (a)     NAME OF PERSON FOR WHOSE ACCOUNT THE SECURITIES ARE TO BE SOLD

OPPENHEIMER NEW JERSEY MUNICIPAL FUND

(b) IRS IDENT. NO.

13- 3749897

(c)     RELATIONSHIP TO ISSUER

NONE

(d) ADDRESS STREET     CITY     STATE ZIP CODE

6803 SOUTH TUCSON WAY CENTENNIAL CO 80112-3924

3 (a)

(b)

SEC USE ONLY

(c)

(d)

(e)

(f)

(g)

Title of the
Class of
Securities
To Be Sold

Name and Address of Each Broker Through Whom the
Securities are to be Offered or Each Market Maker
who is Acquiring the Securities

Broker-Dealer
File Number

Number of Shares
or Other Units
To Be Sold

(See instr. 3 (c))

Aggregate
Market
Value

(See instr. 3 (d))

Number of Shares
or Other Units
Outstanding

(See instr. 3 (c))

Approximate
Date of Sale

(See instr. 3 (f))
(MO DAY YR)

Name of Each
Securities
Exchange
(See instr. 3 (g))

Common Stock

Chardan Capital Markets, LLC
17 State St., Suite 1600
New York, NY 10004

2,219,153

157,559.86

110,323,723

07-25-2011

NASDAQ CM

1     (a)     Name of issuer
     (b)     Issuer’s I.R.S. Identification Number
     (c)     Issuer’s S.E.C. File number, if any
     (d)      Issuer’s address, including zip code
     (e)     Issuer’s telephone number, including area code

2     (a)     Name of person for whose account the securities are to be sold
     (b)     Such person’s I.R.S. identification number, if such person is an entity
     (c)     Such person’s relationship to the issuer (e.g., officer, director, 10%
          stockholder, or member of immediate family of any of the foregoing)
     (d)     Such person’s address, including zip code

3     (a)     Title of the class of securities to be sold
     (b)     Name and address of each broker through whom the securities are intended to be sold
     (c)     Number of shares or other units to be sold (if debt securities, give the aggregate face amount)
     (d)     Aggregate market value of the securities to be sold as of a specified date within 10 days prior to the filing of this notice
     (e)     Number of shares or other units of the class outstanding, or if debt securities the face amount thereof outstanding, as shown by the most
           recent report or statement published by the issuer
     (f)     Approximate date on which the securities are to be sold
     (g)     Name of each securities exchange, if any, on which the securities are intended to be sold

Title of
the Class

Date you Acquired

Nature of Acquisition Transaction

Name of Person from Whom Acquired
(If gift, also give date donor acquired)

Amount of
Securities Acquired

Date of Payment

Nature of Payment

COMMON

06 - 09 - 20 11

EXCHANGED BONDS AND WARRANTS FOR CONVERTIBLE PREFERRED STOCK. CONVERTED PREFERRED STOCK TO COMMON STOCK.

ISSUER

2,219,153

SHARES

N/A

N/A

INSTRUCTIONS:

     If the securities were purchased and full payment therefore was not made in cash at
the time of purchase, explain in the table or in a note thereto the nature of the
consideration given. If the consideration consisted of any note or other obligation,
or if payment was made in installments describe the arrangement and state when
the note or other obligation was discharged in full or the last installment paid.

Name and Address of Seller

Title of Securities Sold

Date of Sale

Amount of
Securities Sold

Gross Proceeds

N / A

INSTRUCTIONS:

ATTENTION:

See the definition of “person” in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed.

DATE OF NOTICE

07– 25 - 2011

(SIGNATURE)

ATTENTION:      Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)