but of course, people need to understand a plan to eliminate convertible debt is very positive news, but its a big difference from "has" eliminated as in past tense
so yeah people should expect some "overhang" as you refer to it
until 100% of the convertible debt is gone
and imo ASCM has nothing to do with any of that
I just believe they are short-selling contrary to some beliefs
Premier Biomedical Realigns Business to Eliminate Convertible Debt, Cancel Reverse Split & Fund Covid-19 R&D
Press Release | 04/06/2020
JACKSON CENTER, PA / ACCESSWIRE / April 6, 2020 / Premier Biomedical, Inc. (OTCPINK:BIEI) announced a multi-faceted agreement to eliminate the Convertible Notes as an obligation of Premier,