Premier Biomedical Inc (BIEI)

[squidster]

Preferred conversion price is the same as the debt offerings in the past. 60% of prior 15 days of trading. The reason they had to go preferred offering is once the SP is sub penney no clearing house will touch the stock since it's from convertible debt so the shares are worthless. For some reason the clearing houses are willing to work with sub penny's from preferreds, but I'm sure that will be coming to an end as well