Premier Biomedical Inc (BIEI)

[ROCKHard]

Oh well just another 6 BILLION Newly Issued Shares for a measly $300k. When Adjusted for the 1:250 R/s it goes down to ONLY 24 Million ADDITIONAL NEW SHARES.

As Quoted from the filing:

"The shares of common stock being registered in this registration statement are the shares of common stock issuable upon conversion of the Notes issued pursuant to the Purchase Agreement. The combined face value of the Notes following the all three tranches will be $300,000."

"The Notes are immediately exercisable and bear interest at a rate of 8%. No payments of interest or principal are due until the Maturity Date. The Maturity Date is the last day of the month that is three months after the date of issuance: May 31, 2018 for the Notes issued in the first tranche. The Selling Shareholders may convert the Notes at their option at any time into shares of our common stock. The conversion price is equal to 60% of the lowest traded price of our common stock in the fifteen (15) trading days prior to the conversion date but shall not be lower than $0.00005."