Premier Biomedical Inc (BIEI)

[Lord_of_Trades]

Wrong, I think you need to read the filing closer. The convertible aspect of the notes is not guaranteed, and they didn't issue the 1.6M up front. Hence, they are risking alot, for potentially nothing (or little) to gain.

1) The notes are only convertible if not repaid within 90 days

2) Issued in successive installments of approx 150k

So for them to make money with that strategy, if they started it now, they would have to

1) Suppress the price for 90 days (when they only get a rate based on 15 prior to expiration...)

2) Hope the company defaults on its payments

3) Hope the company doesn't finalize a JV, resulting in a massive short loss

All the while only getting a possible 150K worth of shares a bit cheaper for every 90 days of this?

C'mon now... Child's play.. No sophisticated lender would see the cost benefit favorable on that strat.

-Lord