Premier Biomedical Inc (BIEI)

[nosfelle]

I just heard back from the BIEI Public Relations Team about the float, after I'd asked whether it really was approximately $43 million...they wrote the following:

"Yes it is. With the stock price held so artificially low for the past year or so due to toxic lenders, we cut back compensation to our officers and directors, whose only compensation is stock warrants. As a result, we received only a fraction of the intended dollar equivalent position compensation. This was done to mitigate, albeit in a small way, the dilution that had been going on due to debt conversions.
The best news of all is that our long term equity debt has been effectively eliminated, and the excessive dilution we were seeing should be at an end. We still need money to operate the company, but we will be much more judicious in any future loans.
Thank you for your continued interest in Premier Biomedical."

Unreal

BIEI