Premier Biomedical Inc (BIEI)

[Lord_of_Trades]

The true date of reference here should be March 27th, 2016.

Not early February. Creating that expectation is going to cause unrealistic expectations for the stock. The A/S increase on February 9th IS and SHOULD go through.

March 27th, 2016 is the date on which Redwood could, at the earliest, exercise the convertible aspect of the note and force dilution (i.e., 90 days from the issuance of the first note on Dec. 28th). This, and not any action on Feb 9th, actually affects the shares outstanding and thus SP.

I'm uncertain as to why anyone gives any focus to the A/S amount. Most all sophisticated companies has an A/S amount in extreme excess of anything they would ever actually have outstanding, or up for offering. The A/S amount is simply an archaic mechanism from the olden days of doing business where news of changes in the share structure had to be mailed and could take several months to arrive (a protection against massive offerings going through completion while you sit in the UK awaiting your notice letter to vote). It is merely a formality given current day methods of communication. Most companies have this listed at some ridiculous number that could never be reached (like 9,999,999,999).

I actually hope the A/S increase on Feb 9th goes through, as it has no effect on current BIEI SP or O/S, other than providing management flexibility in future business transactions (JV's even; share offerings could very well be a part of these). Increasing this far beyond 1,000,000 - as is currently listed - would actually be the truly responsible action to take.

Long story short; March 27th is the date of note here, not Feb 9th.

Good Luck to ALL

-Lord