Premier Biomedical Inc (BIEI)

[EHRjunkie]

The O/S increased to 226 million shares 12/12/2019 and that means dilution has slowed down. Not something Hartman wants, he needs full conversion of old debts before the 600:1 reverse split. See below.


EHRjunkie Friday, 12/13/19 05:12:44 AM
Re: None Post # 58642 of 58646

I think Hartman is not happy with the way things develop. Hartman wants to get rid of all toxic convertible debt before the 600:1 reverse split, so he wants to see a massive dilution (to an O/S of 937 million as he stated in a recent filing). The O/S was 195 million on 11/15/2019. Now, a month later the O/S might be 300 million, so not all lenders are converting. He filed a S-1 for raising the A/S to 2 billion shares, but it's not active, it would show in the Nevada SOS. And no way Green Coast Capital can dump another 1 billion shares before the R/S.

So if the old lenders dont convert before the R/S Hartmans plan fails. The old lenders will sell the stock down for a third time.

And by the way, the R/S is planned before 01/13/2020