Replies to post #53943 on Premier Biomedical Inc (BIEI)

[JandKsMoney]

He also should have reduced the preferred stock by the 250 per share, otherwise he has increased his voting control from 21% to 98%

From page 6

"The voting rights of our Preferred Stock will not be affected. On any matters presented to the holders of Common Stock for a vote, the Preferred Stockholders will continue to have one hundred (100) votes for each share of Preferred Stock. Following the Reverse Split, the two holders of the 2,000,000 outstanding shares of Preferred Stock will have 200,000,000 votes on any matter that comes before the stockholders; the holders of Common Stock will have approximately 2,989,230 votes in the aggregate. Therefore, the Preferred Stockholders will have 98.5% of the votes and control over the Company. Currently there are only two Preferred Stockholders who are officers and directors of the Company, see Security Ownership of Certain Beneficial Owners on page 9 below."

[samstockguru]

Yep, I probably would of had faith with company if the authorization was included. But since it wasn’t . Now I know that this just a stock mill and that is it