Premier Brands Inc.(fka BRND)

[Watson9]

Smart as in BRND issued "replacement notes" for the convertible debt in case the stock goes below .007.
Now the criminals who loaned BRND funds get their shares at a 50% discount to the market.
They don't care how low it goes for retail investors, they can always get them half off.

The replacement note shall be convertible into the Company’s common stock, at any time at the option of the Purchaser, at an initial conversion price per share equal to fifty percent (the “Discount”) of the lowest closing bid price for the Company’s common stock during the twenty trading days immediately preceding a conversion date
BRND 10Q