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After a few years of holding OWCP, I am selling it before year-end at a loss of $92,000. I can't tell you how incredibly disappointed I am in this company and myself. OWCP has not lived up to a strategic financial commitment in many quarters. I read about their missteps, managerial changes and more, yet held on with this belief that something was there and it was valuable. There's nothing there except court cases and a couple of patents. It is time therefore I use this failed investment as a capital loss. I wish all of you well.
There were times when this hub would light up with hope, days which were a lot of fun and dreamers came out in droves, including me. Thanks for the laughts.
Have a beautiful holiday and safe investing. Here's two my next journey, and yours, the one that will make us rich like OWCP was supposed to. LOL. Stay safe. Go away Covid19. Much health in 2021.
Can anyone give me a synopsis of where OWCP is at?
In other words: is the feeling here overall bullish,
or bearish. Is there one shred of evidence that OWCP
will have legs? Is the office still open? Anyone working
there? Thanks.
Nani740 they have already gone dark. If you were running this business, and you had no office and no staff, and no money and no prospect for sales...all you had was this wonderful invention with few to know tools to get it out there - wouldn't that be black? Please understand, I want to be a believer still, and make my little fortune so I can stop worrying about money all the time - but OWCP is not it. There comes a point when you give up your dream, and I believe this is the time. Sorry my friend. But there is lots more to invest in out there. Enjoy that road and strike this up to experience. It truly was.
I've been holding OWCP since 2017, and like so many of you, scaled up. I was around for the spike to $3.00+ and then the dip back down to pennies. For a moment i was worth a pretty fortune, and now I'm down a ton. ugh.
The only thing compelling now about this stock is the game itself. There are those on the side of believing there is magic in them there hills and 'we know it' and all you have to do is look closely, then 'you'll know it.'
Then there are those who are convinced there is absolutely nothing of value whatsoever within the OWCP coffers. Those people stick around like a poor guy hanging out in front of the beer parler, just doing nothing really but putting down the place itself and those who go into it. Why? i don't know but I guess they are paid handily for slamming OWCP.
Anyway, I believe absolutely nothing will happen tomorrow. There is no money to be had; no environment for the testing; no sales people, in fact no staff. There is no product worth talking about. The patents are real but will cost hundreds of millions to make them into something profitable. OWCP doesn't have that sort of money, never did. They don't communicate and they rarely followed through on their commitments. I'm a business guy, and I'll tell you, there is nothing to buy here and if there is - you're talking a very low price tag.
I think these guys were way in over their heads.
One thing Ill say is, they are dreamers and gave it a shot. And there were some real fun times to follow OWCP even thought it cost me a tidy sum of funds.
As I ride off into the horizon, please know that for a while there I really believed if there was any stock to buy in the marijuana industry this was it. Guys like Gary always encouraged that belief (what happen to him btw. He was so sensible and articulate?)
Alas, we'll all be going dark any day now. It's been fun following all the nonsense on this hub. Damn we sounded silly, convinced we were always right and it was just a question of time - even while the ship just kept sinking. Hopefully i'll see you guys somewhere soon, preferably not in a pinky place. You can never win if you're in for an investment. And the entire time you're thinking, 'okay this is my retirement'. Too good to be true. Hugs to all. OWCP you rock! Thanks for the entertainment. It was a blast.
Press Release just out. Here's the content:
OY!
do we know OWCP has gone dark? Isn't that the greatest concern here? With this bullish move over the last couple of days, wouldn't you see that as a last gasp of air?
Public question: As in the past we get excited with a major percentage change in PPS. Some will mock the enthusiasm and excitement saying: Oh those, are such slly people. They are doing it again. Others will say, 'no, this is different and were investors, not traders. This one looks real'
We all know nobody is sure which is right. Despite the fact OWCP has patents and they seem to be seductive to others, it does not mean a sale will happen. This company does have a limpishness about it.
On the other hand, like the fiddler on the roof said, these could be very positive times. Obviously, as an investor, I'm hoping that is the case and OWCP flourishes. (Let's not forget, at the core of this stock is a plant that could help a lot of people who are suffering. Let's keep our eye on the genesis of this thing and it's importance to humankind).
So the inevitable question then: Should this stock rise aggressively, what is your strategy to sell? OWcP has been at $3:00+ for a minute. It's competition (some would say) has been at a $100. So, going on the premise the positive scenario of growth is right, where do you sell?
great response to this guy. Go with his stuff and he'll be less stressful. Nice!
How do we know patents are being purchased?
Just came on the board to see what's up and dang'it, something seems to be. Can someone give me a snyopsis of what concensus is as to why our OWCP is so bullish, please! Stay safe. Stay healthy my friends, so we can spend our profits one day soon, and help others.
What we know is:
- These run-ups have happened a few times before;
- Share holders become excited at the move, but more so the volume and then
believe in a highly bullish move, frequently an exaggerated belief;
- During these times, with Israel on virtual shut-down, movement on clinical trials will likely have come to a halt.
This volume is likely an anomaly, and while I am loaded up, I'm not going to get overly excited, nor would I purchase more stock.
Just my thoughts on a high-volume day here at the OWCP shop.
Much luck
Gary, your analysis is spot on. What I read in your words is simply: if this thing works, we're good to go. If it doesn't, we'll there are spots on my wall that need some wall paper. End of story. When we'll know that. I'd say for sure, before 2023. What should we do until then? Watch the Toronto Maple Leafs make the second round of the playoffs.
Good luck to all and remember if you make money on your stocks, spend some, save some and give a healthy amount to those who will never have what we have. Remember the children!
Rufus
It's real simple. New news is required to move this up. The good news is, it hasn't dropped as low as it could.
thank you
any idea why the stock is not moving?
Green, first time in three days. Awesome. Showing some hubris, this stock is. The RSI is down and that is great. Scared shareholders eaten up. Fundamentals are the same - and that's good. I'm feeling positive about being an OWCP Holder. Have a wonderful day!
I'd say we open up flat, and rally a bit, then dip. The close will be down a penny or up a penny. We're still looking at some necessarily consolidation.
The patent is clearly showing that it has legs and one could argue strongly, producing upward movement. What about patents in the pipeline? What about some very strong management personnel with billion-dollar track records? Isn't a stock all about what's going to be/ J King Style if OWCP went to .25 would you concede you were wrong? If it went to $1 would you then accept the strength of this company? When would you change your speed?
Just curious, is your vision for this stock that it is a fraud? If so, why? I'm asking because I have traded for years and watch OWCP and am mesmerized by its bullishness. Many signs are pointing upward. I understand if you don't trust management,and question their access to funding for clinical trials - I get that. But even so, they seem to be pulling a rabbit out of a hat and the PPS and volume speak for themselves. When would you declare yourself wrong? At what price? Or never? Just wondering about the other side.
are there no bashers here? Wow, don't see that very often. they were sounding mucho silly.
OWCP is a fascinating stock to watch. What a fun couple of weeks this has been, almost a redemption of the last few years.
44% of volume yesterday, about 16,700,000 shares were short. that number, 44% has wavered up and down and has gone as high as 67% (mind you the volume that day was about 2 million). It's a substantial short position,but the good news is, it can help the cause of the bulls in a big way. When shorts cover, look for clear blue skies.
The RSI is high, another anomaly for such a bullish stock. But, the stock market is a strange place and companies can rise dramatically contrary to the accepted understanding of a high RSI.
The volume is amazing and has exceeded 180 million over the last very short while. Watch the trades, most are small to medium. Keep your eye out for the big ones, which will likely come in as OWCP continues to prove to institutional that this is real. A few 100,000, a couple of 500,000 and a million share trade would be sweet. WE've had a few.
Have a good day. At the end of it, all that counts is we are flying! And I'm now 2/3 of the way to breaking even :) .30 is my break even and I believe we can get there and further. When? No idea. I don't care.I waited this long.
Many happy OWCP moments, my friends.
What is the best site to get real-time quotes?
Go OWCP go!!! Anybody see articles on OWCP's rise. Can't seem to find any.
Tomorrow is another day. Up? Down? Who knows, but we do know that last two weeks-ish have been strong, bullish beyond what most of us were expecting. Good luck in 2020 to all of us. if tomorrow is up again, the stock will reflect an unparalleled strength, predicated on real news this time. That is good.
9:30 a.m. I'll bring the orange juice.
anything new on OWCP website? I think in the new year, perhaps as early as Thursday management might share some crucial stuff with us.
Good morning. Last day of 2019.
I too have been in OWCP since 2016. I came upon it by chance and for me, OWCP seemed to be the perfect stock. Why? Because the company is situated in Israel, a place I love. Further, it is a marijuana-based stock. I would not allow myself to miss this special time in history when a magnificent and gorgeous plant got the lead role it deserved in society. Finally, I was so confident a fascinatingly, brilliantly, management team (with some deep flaws :) ) decided they'd scientifically prove in clinical studies this green miracle could indeed be a medical phenomena helping hordes of people with physical ailments that are very trying. I wanted in. I felt like I was part of history, and could make some decent coin.
All the stars were aligned. It seemed, for a while, I was right. Like many here, I watched as my original investment multiplied. Then it multiplied again and I was worth a ton of green of a different type. Oh what glorious days they were. My head was high and walked with a bounce.
But alas, all good things come to an end and I was deeply humbled by this beast called the stock market, by this entity called OWCP. And I went into stock-market hiding. Never showed up here. Didn't care. Never bathed - okay, that's not true :). Life was dark. I had been defeated, like you. Again, beaten down. "Ugh", said Charlie Brown as Lucy pulled the football away, once again.
But here we are today, again. OWCP is our host, again. Life is smiling at us again. Welcome.
Once again a group of us, who have never seen each other's face, who chose to never give up on our original dream - are back. Yes, we could have taken the tax benefits but that would have meant defeat. We could have cashed out, but simply put, there ain't no sunshine in that.
Can we lose it all this time? Yes. Might we? I'm thinking, not. Is this potential walk over the threshold of profit equally as exciting as the original bounce? Ya, baby, more so!!! This time, it's a hell of a lot more interesting; it's a lot more rooted in real stuff, and it's just a lot more meaningful.
Good luck to every OWCP family member here. Happy New Year. Let's all get rich, again, but this time, before we dream about our '67 Corvette and a 59 Gibson guitar, let's commit to giving some of our wealth away to those in real need, poor folk who cannot do what we're doing here. Give this experience some real purpose. Because, to me, that's the best reason to be in OWCP, to gain wealth -- that is to give a child a meal, a family some warmth.
Have a wonderful day, and an even better year. Nice to join you folks. Go OWCP go!!! Thanks for this very memorable experience. HAPPY NEW YEAR.2020 SHOULD SHINE LIKE THE STARS!!!
1. Gap-shmap. Try not to think like a trader (unless you are one of course). If the gap does fill, does that mean the stock won't fly? No. Look at the fundamentals which are pretty much bullish at this point. I'm not a technical guy with penny stocks - never understood that - but if you want to, it's a damn good chart.
2. Management: This is a management with strengths and weaknesses. It's strength is its smarts, ability to fight through the battle that comes with running a start-up, and their focus. Their weaknesses are: they are newbies trying to figure things out on the fly; a very light ability to raise money, and their lack of communication.
Having lived in Israel I am not surprised at the latter. Keeping things close to the chest is a wise thing to do in that part of the world. That being said, it is time for management to recognize shareholders are key partners.
I, for one, have been in for the long-run. I'm delighted the RS was voted again. I am not concerned with 150 million shares finding their way into this movement as OWCP has shown it can take it. My concern is management managing all parties and all moves, as the stock moves forward in a professional manner. This is a sensitive time for OWCP and somewhat of a chess game. What's the next move? How do they play it? Is this a short-game or a long-run for them?
So lots of luck to us as we head in 2020. Diversify your portfolio and set your risk-reward. My guess is OWCP runs and then....boom! It's sold. This an entrepreneurial stock.
Happy New Year!
lol. ya was down a ton. Technically, this stock is settling in for a bullish ride and the fundamentals are coming together beautifully.
I hear ya! I feel the same way. My girlfriend things this is an amazing pick - i bought her 10,000 shares - but I reminded her I was down $90K and not feeling so great about OWCP. But i held on b/c when you're down that much - what the heck. Lets hope we do well this time around. Was an amazing week, eh!? Santa definitely gave us a visit, and I'm Jewish :)
What is logical is that the company's stock price increased somewhat dramatically, this week. What we do know is that volume was higher than it's been for close to three years. About $1.5 million was spent today on OWSP. That's clear and it's a bundle for a penny-stock like this. So we are clear on that. Why, definitively, the appreciation of share price, with so much volume? I don't know. Neither do you. What are the possibilities? New money interested in this stock. It does look that way. The news is actual. It's real, not fake. There is a light. Hmmm, might be. Or the other option it's being pumped. Maybe, but that's a lot of pumping. My guess is. It just could be we held on and it's paying off. And if I'm wrong, well it's been so much damn fun to see OWCP resurrected from a very deep sleep.
Happy holidays fellow investors. Rock on! P.s. When you make your money, give some away. Few people will be as lucky as us, and a lot of folks can use our help.
can someone explain the theory that a gap will be/has to be filled?
Yes. this is call clear to me. However, what is the financial disposition of OWCP? Can they pay for some very expensive procedures coming up, such as FDA approval, further patents etc. What about management? Are they still all part time....something absurd to me when I heard it. Getting product to market is an arduous trek and again, requires a ton of green notes (or shekels). Can OWCP do that without some serious financial assistance, which again, costs. Your thoughts?
how much would you risk? I understand you want to buy more. There is that in me as well, but the real question is, if you had cash to do so, how much would you sink into OWCP at this point? it still a very inexpensive stock. you can get 10,000 shares for about $230. Would you do that? Just curious for my own sake? Trying to figure things out here.
I'm curious. The hope on this hub has gone from 0 to 60 in 4.4 seconds, much like a Ferarri. Is that because of the US patent? In the minds of those who were not so positive the day before that, was OWCP a dead company with little possibility of a bullish move. I ask b/c I find the current sentiment someone unhealthy - like when my nephew got hearing aids everyone suspected he'd become an A student. He didn't. Or is this a healthy response? Is it real? Can this week really show 3-5 cents as someone espoused based on what has occurred in the last few days? I want so badly to be a believer, just the pain of loss and total disappointment and being taken advantage of, has been so great up until now. Thoughts?
I am the standard OWCP investor, got in early on (about two or so years ago), and confidentially watched as the stock blasted off like fireworks on the 4th of July. And like others, I was in the + by a substantial amount of money, albeit on paper. And then d-days came, the down days and they repeated themselves over and over, like rain in London. And my initial investment began to dissipate slowly but surely, and then a tad faster. It was like watching snow melt on a warm winter morning. I too came an eye on it with little belief in this company run by individuals who clearly were over their heads by a country mile. I couldn't see anything redeeming in OWCP, nothing at all until this week. I became a tad stoked again, excited, began to dream about my profits - I'm sure as many of you are doing. I imagined myself giving funds away to those in need and buying a vintage Gibson SG. And I look at the fundamentals and they reassure me that OWCP this time around will bounce to where all of us want it to go. This is a very old story I tell, one that has been repeated a million times since the inception of the stock market. Sometimes the epilogue was: the old man discovered the pot of gold and he becomes the rich man of his village providing food and housing for all those in need. Alas, more often then not, however, the fellow hangs his head and the epilogue has him walking slowly home, to discover nothing has changed. Let's hope for the first ending my fellow OWCP investors, on this Christmas morning/Hanukah morning. Good luck to everyone I do not know, but share something with - hope in this stock that could change all of our lives, or simply, keep it exactly where it is at.
Tenkay i owe you an apology. you were always right about BVTK, and it took me a while to see it. I was critical of you and your 'negativity' surrounding this stock, but you were dead on. There is nothing here and there never was. Sorry. While Tom might be a superlative government guy, who can make a great speech and write books, he doesn't seem cut out to be a CEO and run a public company. I mixed the two up and i believe a lot of people have. Thousands of dollars later, down the sink, I now get it. i will hopefully learn from this.
Rufus
2 million shares is what i hold and have been for a long time already. Essentially when the RS comes, predicated on the numbers i will essentially own close to nothing.
How this is legal, I never understood.
How a CEO does this in good conscious, I never got.
I believe that this is really on me .I knew what I was buying and where I was buying it (OTC: pinkee). This is a step away from Vegas and I rolled the dice. I lost unless I decide to buy tons more, which I can't and I won't.
Ugh!!! Very depressing. For those who have held for a long time as well I wish you well and encourage you to speak loudly to whomever will listen about the injustice of this process.
The good news is, I'm Canadian and MJ is legal. Yes!!!!!!
Question: A reverse stock split would then mean, that if someone is holding a million shares; and it is 10 for 1, they now hold 100,000 of the stock, which now has a price 10 times higher, correct? The value for share holder is the same. what happens generally after a reverse stock split? Does the company generally gain in value or loose value?
initially i wondered about Tom's eyes. Looking at them he didn't seem focused. And then later his insecurities started to come out, and that was very telling eg. calling investors loosers; consistently harping on his work week and hours spent on this. He seemed to want to make himself the focus. And he wasn't clear on the interviews we were privy to.
I didn't listen to my inner voice however clearly should have. While he seems to have accomplished a lot in his life, he also is way out of his depth on the stock market and BVTK. Essentially nothing, zero, has occurred of interest to the stock holders and the price per share.
I was blinded by the hype and Tom's resumes. BVTK is a very costly lesson. while he may pull something out of the hat still, I can't see this stock trading much longer. It is just a shame that so many people banked on this company/him and got nailed in the process. Ce la vie.
I don't wish the man badly at all, but I would appreciate if he came clean in some way - saying he thought it would fly, but he was wrong.
you're a very good writer.