Premier Biomedical Inc (BIEI)

[squidster]

There is no talk of a reverse split, Hartman is very opposed to the idea and both he and Felder would like to start buying stock back. Not in the cards at this point, the revenue doesn't support it and nobody would underwrite a debt offering to support it. What they could do, now that they are showing revenue is reach out to a more traditional funding institution for a loan (not convertible debt) and use the loan to buy back stock and expand operations. Two quarters of sustained revenue makes this a viable option. Pretty sure if you look at the financials they can make it to the spring without additional an additional capital raise, the next 10Q will be out in February:)