Premier Biomedical Inc (BIEI)

[Lord_of_Trades]

March 27th is 90 days from the issuance of the first convertible note on Dec 28th for approximately $150K. This is the date that the note would become convertible for Redwood into shares at a discount to market price; hence affecting the current amount of shares O/S (although by a relatively small amount).

Your point about the 46M shares owned by insiders is the reason several more sophisticated investors are holding tightly here. The total shares outstanding, per the most recent SEC filing, are approx 80M. This leaves a float of just 34M shares.

From what I've gathered from my contacts on this board, in addition to my own holdings, I can account for another about 12M that are being held tight to the chest out of that 34M.

This leaves the max free float at 22M.... likely less, since I don't know how many of those holders are long as well.

This low float is why BIEI is set to fly on any significant news.

Good Luck to ALL

-Lord