Premier Biomedical Inc (BIEI)

[txhighopes]

Let's hope the latest 8-k was intended to make more lemonade.

Quote from BIEI CEO Letter April 2017

- Although we launched revenue-generating products in the first quarter, the cash generated by them is not yet sufficient to finance our volume ramp-up and new product introductions planned (see below). As such, we secured new, more conventional equity financing (non-toxic), at a fixed price, which will provide us with necessary capital to execute our plans. Provisions of the financing provide incentives to the lenders for the stock price to appreciate, not depreciate as with toxic financing. One of those incentives are warrants at higher prices that would result in additional capital to the company, again at a fixed price, if exercised.

It was definitely to make more lemonade.