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I believe the January date mentioned would have been if proposal 2 was passed. However, neither proposal passed so there is no chance of a RS unless the company files another Schedule 14A. It was difficult to hear and understand the speaker but should be clarified when the official results are released.
1. To authorize our Board of Directors to effect one reverse stock split of our outstanding Common Stock, $0.00001 par value per share, at any ratio up to 1-for-700, at such time as our Board of Directors shall determine, in its sole discretion, before December 31, 2020;
2. To approve one or more adjournments to the Meeting, if necessary or appropriate, to permit further solicitation of proxies if there are not sufficient votes at the time of the Meeting cast in favor of Proposal No. 1;
Conference Call Information for tomorrow at 10:00AM Local Time (Eastern Time).
U.S.: 877-434-2303
Passcode: 6173481747#
Patent application 15/629230 has been given a notice of allowance. I'm not a patent expert by any means but from what I have seen this means that a patent grant will be given and their IP for their cream will be protected.
Definitely agree with that!
lol, really?
From the 10Q released on 5/22/17...
52,569,441 shares outstanding at May 19, 2017.
From the 10Q released on 11/14/18...
59,182,890 shares outstanding at November 9, 2018.
From the 10Q released on 8/14/19...
62,535,419 shares outstanding at August 12, 2019.
From OTCMarkets.com updated on 10/4/19 the OS is now 62,785,419.
62,785,419-52,569,441= 10,215,978 shares have been added to the OS since May 19, 2017 which is a 19.4% increase in 2.5 years.
And over the last year it's only a 6.0% increase. I wouldn't necessarily call that endless dumping of shares. I'd say that's pretty reasonable dilution.
Better do your fact checking and DD better bud.
I'll let you keep pondering the part about 76M no votes but fact is that is what occured... don't think too hard though because it might hurt and we wouldn't want that.
I know for a fact you didn't read anything in a DEF 14C because there was not a DEF 14C issued. There was a DEF 14A however. In the DEF 14A, read the second item to be voted on. - Seems very odd that you didn't read this part.
In light of the proposed RS... Can we go back to when the company didn't communicate anything? No 8-k's, no news, no email responses, just silence? lol.
But on a serious note, all along one of the positives to the company that's been discussed was that management was being more compensated by shares than salary. And yes I understand that they doubled their salaries last year from approximately $40k to $80k. Point being is the proposed RS effects them as well so hopefully they put some major thought into it. None of us were at the conferences they went to nor understand what their next move is. Trust me I'm not happy with the proposed RS either because of all the downsides that it brings 99.9% of the time to existing shareholders but have to trust the process that long-term this is strategic (how?.. I have no idea right now). Willing to take the risk and the thrill of the ride. Any loses are 100% on me and will take complete responsibility for it IF that's the case over the long haul.
Look at GWP* since late September... and the market in general bud. Lots of red so not just specific to OWCP. I can definitely understand the frustration but what good does murmoring and complaining on a message board do?... And keep in mind buy low, sell high. :)
Good luck and may we all prosper!
I don't see how the Outstanding Shares can be 13 million shares higher now when the total outstanding share increase from Decemeber 31, 2017 to November 1, 2018 only increased by 730,285 shares (148,489,193-147,758,908= 730,285).
From September 1, 2018 to November 1, 2018 the outstanding shares increase was 487,713.
It is impossible to argue against basic math and factual information.
148,489,193 outstanding shares on November 1, 2018 (according to OTC Markets)
148,001,480 outstanding shares on September 30, 2018 (according to the 10Q)
148,001,480 outstanding shares on August 1, 2018 (according to OTC Markets)
147,758,908 outstanding shares on July 1, 2018 (according to OTC Markets)
147,758,908 outstanding shares on December 31, 2017 (according to the 10Q)
Wrong.
From the 10Q released on 11/8/18...
148,001,480 and 147,758,908 shares issued and outstanding at September 30, 2018 (unaudited) and December 31, 2017, respectively.
As you said from OTCMarkets.com the OS is now 148,489,193.
148,489,193-147,758,908= 730,285 shares have been added to the OS since December 31, 2017.
Minimal dilution. Enough with the dilution talk. Geesh, look at the facts.
For real!! Just a bunch of made up garbage. Completely off topic as well and shouldn't be allowed to be posted. Come on, mods. Step up and cut out the nonsense.
Not sure if there's sarcasm or not but just to clarify those dates in my last post were July 1, 2018 and August 1, 2018 which correlates to 07/01/2018 and 08/01/2018.
I agree with you to an extent about the o/s being around 190,000,000. That is not what the o/s count is currently. That would be the o/s share count IF all of the series A preferred stock shares were converted to common shares. Why convert, now, to common shares when there's a dividend on the series A shares though?
Yes, to Smalls point, there will be a larger number of shares to convert to common shares (dilution) at some point BUT that is not currently happening. That is not what caused the 30% drop a week ago to 11 cents. Anyone can speculate and give their opinion but that's all it is, an opinion, until verified by facts. The fact is I don't believe 242,572 shares of dilution is what caused the drop to 11 cents.
According to OTC Markets the Outstanding Shares is now 148,001,480 as of 08/01/2018.
According to OTC Markets the Outstanding Shares on 07/01/2018 was 147,758,908.
This equates to 242,572 shares of dilution over the course of 30 days which is MINIMAL shares being entered into the market. Some for some reason still claim major dilution. And when the facts are laid out you just have to laugh at the claims.
lol. Got called out and exposed to your made up story and then trying to cover it up by an excuse of fat fingering. Haha classic!
I feel left out. How come I don't get a response back from you? Clearly you have no rebuttal as my post is the truth.
Content without context is useless misleading drivel and an out right lie to attempt to make an agenda appear to be true.
The sec document provides the context. Pulling bits of information from a document does not provide the context in which it is written when reading the entire document.
Please provide the context from the sec document... Let me help... In the context of which it was written you'll find that the letter was provided by Friedland NOT OWCP.
Taken directly from the sec complaint...
JEFFREY O. FRIEDLAND,
GLOBAL CORPORATE STRATEGIES LLC, AND
INTIVA PHARMA LLC,
Defendants,
and
LANE 6552 LLC,
KATHY B. FRIEDLAND,
ASPEN UPPER RANCH LLC,
ASSURANCE MANAGEMENT, LLC, AND
THE JEFFREY AND KATHY FRIEDLAND IRREVOCABLE TRUST,
Relief Defendants.
There's more than 2 companies named as Defendants in the document.
Take your pick...
Just search for the following post #'s that indicate your claims there is or will be dilution. Don't need to go back and forth about this. Just pointing out that there is no dilution. That's all.
133374
133201
133200
133093
132756
132745
132657
132656
132617
132462
132428
As completed studies roll out this year it will be revealed how legit the company is. And yes I get it, there's been delays. It happens. Any research about successful companies will tell you that success is not an overnight event and that projects or studies can and most likely will have delays. Delays occur even when there are liquidated damages companies have to pay. I will have some grace with them about delays in the past. Now if no phase 1 studies are completed in 2018 per their investor presentation then that is called a repeat offender and I'll reconsider the trust equity about what they plan or say to complete in the future.
Well lets revisit the supposed dilution topic again that Mr Smallville and others have been throwing around with no facts to back up what they say. I'll bring the actual truth and facts.
Per OTC Markets:
Outstanding Shares on 04/03/2018 = 147,758,908
I do believe that per my last post the Outstanding Shares on 03/01/2018 = 147,758,908. Therefore, NO DILUTION. Credibility and influence of some members on here this board is getting smaller each time they post something that is false.
Lets see what the actual facts about the alleged huge dilution that you've been talking about say... taken straight from the SEC filings (or from OTC Markets).
Outstanding Shares on 03/01/2018 = 147,758,908
Outstanding Shares on 09/30/2017 = 146,316,600
Outstanding Shares on 06/30/2017 = 146,022,694
Outstanding Shares on 12/31/2016 = 139,447,782
From 12/31/16 to 3/1/18 it has been diluted by only 8,311,126 shares which is 5.9% increase over a 14 month time period. If people are naive enough to think that there is absolutely 0 dilution in the OTC then they shouldn't be putting their money in the market. So yes there is "some" dilution but enough with the scare tactics about massive dilution and "warning newbies".
I know you were a huge supporter of OWCP awhile back. Fundamentals have only gotten better since that time period. I realize that you do have some validity to the SEC investigations concern so I get it but that's all that it should be is concern as an investor and knowing the the potential risk that could come with it. I believe that you've stated your concerns and all should take note and choose for themselves what they will do and move on to the next topic.
Look at my post history... speaks for itself. Always been positive about OWCP and still am. My expectations for the company to produce products to market has just shifted back some. It's called patience and being realistic with what is developing. The company is doing this the right way and aren't taking short cuts. I'd rather that then trying to short cut things so it's not a bad thing.
The emails are legit. I'm naturally a skeptical person and I didn't believe them at first either so I emailed trying to get some clarification. Below is my correspondence on July 12. Believe what you want.
My email to management and David Furst:
Also over the past couple of days I have read on some internet message forums the following conversation that someone had with Mediq (I've added their emails to this inquire as well). Can OWCP management confirm that this message conversation is accurate or inaccurate?
Thanks,
XXX
So I called David Furst
Managing Partner or MEDIQ Innovation Experts in Israel
His contact info: http://innovationexperts.de/offices
I asked about the timeline for MEDIQ introducing the cream to Germany:
His answer was 3-6 months:
a) Find out the policy of the German Government
- They know it, but need to refine it
- Feb 2017 Germany introduced overarching policy
b)OWCP to meet with and talk with european commercial partners to see their regulatory strategy:
- get a list of commercialization partners
c) Then clinical trials start…
Find clinics that do/manage clinical trials: 60 hospital - w/39 universities
d) Timeline may be sooner, he said he is being conservative
e) Multi symptom clinical trials also in the books
f) What would be 2 challenges you see in the next 3-6 months, if any?
He sees 2 challenges:
1) Government policy challenge
2) Number of patients that are available in Germany
g) He is really excited about:
1) Once you have stamp from Germany all of Europe is open, China and India. He called the latter 2: MEGA MARKETS.
2) Excited that they started to do clinical trials is Israel with Sheba
This is the Major difference between OWCP and other Cannabis pharma companies.
He was very upfront and was very open to discussing both his positive outlooks and challenges he sees."
Another poster was intrigued by that and emailed Mediq to inquire if the information was true and below is the response that he received. Can you confirm, deny or clarify any of this information?
"Dear xxxxx
As a first response I said that that it will take between 9 to 12 months, the whole process to start Go To Market;
The first 3-4 months is market landscape. This will be concluded in a road show of the mgmt of OCWP. To meet the selected KOL and Light Housed (the recommended Cat Sites),., and a selected commercial partners.
Than comes the 6 through 9 months are CT. Our job will be to identify the right KOL and the right sides to conduct the CT. This will be done with our 60 leading hospitals ( 39 of them are university hospitals) that we work with them regularly. While during the CT we will manage the CT and prepare
The Go To Market strategy
By the way in Germany there are 2 million Psoriasis patients."
Can OWCP management confirm, deny or clarify any of this information? Clarity and open communication of the direction of the company's product lines and specific time frames would really be helpful and eliminate all of the questions and emails that you all are getting as well.
Again, Thank You very much!
Mr. Fursts reply:
Hi I was asked onceby some one who later identify himself as an investor. He placed the wrong message on. The board i.comnemted to correct the message. More over I told him this is my estimate.and the regulation will play a major role in he length of the process
I began to be flooded with calls from investors. To my understanding and regret it's an inside info.
I propose to wait for official note from the management..
Tank you all
Don't listen to the BS propaganda and lies some post on here. Still zero dilution as I prove below. Some of those same posters try to say there is dilution and they would be completely wrong. If they are wrong about something as simple as doing some simple searching in the SEC filings about the share structure then what else are they completely wrong about as well?
https://www.otcmarkets.com/stock/OWCP/profile - Outstanding Shares is 146,316,600 as of Oct 10, 2017 and verified by transfer agent.
And this is why it's dropping little by little each day. Not blaming you for making the decision to sell some but everyone is wondering why it keeps dropping. It's the compound effect. There's probably others with the same line of thinking.. Lets say that there are 50 others doing the same thing of selling amounts to buy back lower. Compound that day after day and go figure the price drops continually. I don't believe there is dilution as some people keep saying. This scenario is what would make the price drop slowly each day.
Just do some simple research on getting listed onto the TSXV. The typical timeline is 15 weeks. They filed the 8-k on June 7 which is slightly less than 16 weeks ago. Now, I realize that we are past the "typical timeline" but only by less than a week IF they actually started that typical 15 week process the day they released the 8-k. On the other hand, I don't know if they would qualify for the TSXV as I haven't dug that far into the TSXV listing guide but I don't see why they wouldn't be accepeted on the TSXV as it's similar to the OTCQB. My background is in engineering and we always have factors of safety so I'll give them another 3-4 weeks before I would begin to think about agreeing with you. That being said, the announcement that they have been cross listed onto the TSXV could literally happen any day based on the timeline guide to list on the TSXV. If it goes past my 3-4 week "factor of safety" I'll have a different view on getting cross listed on the TSXV.
TSXV Guide to Listing
https://www.tsx.com/ebooks/en/technical-guide-to-listing/#12
The 8-k link stating they are looking at cross listing onto the TSXV released on June 7.
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12117417
Opinions are just that.. opinions. There's no fact to back up what is said. Now lets simply look at the SEC filings that is based on fact. The company has issued 6,868,818 shares since the beginning of the year. The vast majority (5,371,505 which is 78% of the total shares issued this year) of that was within the first three months of the year. The company is not diluting as you say they are. Below are my facts to backup what I've stated. The company is finishing up the safety trial and will release the info when appropriate and not any sooner. That is why they are so quiet. And that is not an opinion but rather fact per their filings that have been released in previous 8-k's.
From 10-Q released on May 18 - "144,819,287 and 139,447,782 issued and outstanding at March 31, 2017 and December 31, 2016, respectively"
From 10-Q released on August 28 - "146,022,694 shares issued and outstanding at June 30, 2017 and 139,447,782 at December 31, 2016"
From https://www.otcmarkets.com/stock/OWCP/profile - Outstanding Shares is 146,316,600 on Sep 01, 2017 verified by transfer agent.
Yep, it's amazing how some don't take personal responsibility for their position and complain about the company not being transparent enough or communicating enough or that it's taking longer than expected. The vast majority of the time it takes years to become an "overnight success". From my perspective a lot of people have a fear or don't want to get into a "get rich quick scheme/scam/pump and dump" and then when they find out that where they put their money is not one they are upset that it's not a get rich quick deal. Add onto the fact that most of the products are still in development or trials stage and the fact that mmj is a new industry where the regulations are still being figured out it takes time for products to hit the shelves. The ones that are complaining I'm sure have never actually ran a business because if they had most would realize that sometimes as a business owner things take longer and are harder to accomplish than expected but in the end the results are better than one could have initially thought.
Doubt that the longs are dumping when they've had plenty of time to sell way higher if they wanted to. Look at the accumulation/distribution line since July 10. All the "bashers" say charts don't lie and I'd tend to agree unless there is news that changes the chart. Yes it may still drop lower but per the interpretation of accumulation/distribution "If a security's price is in a downtrend while the accumulation/distribution line is in an uptrend, the indicator shows there may be buying pressure and the security's price may reverse." Look for a reversal at some point in the future. I can't tell you the exact time frame of when that will be but it will reverse up strong when it does.
Here's the link to the 2017 2nd quarter 10-Q released on August 21, 2017. The 3rd quarter has not ended yet otherwise that one would be up too ;).
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12244229
So definitely NOT a red flag.
Red flag is posting false info.
Yep, fundamentals are still solid. The MM industry is a new and ever changing industry that has many questions up in the air as to how it will play out in the near term. Long term, we all know that at some point the approval of it will be accepted world wide. That being said remember why Wayne Gretzky was one of the best hockey players ever.. “I don't skate to where the puck is. I skate to where the puck is going to be.” Stop complaining and know that those who invest in OWCP over the long haul are going to be happy with their investment because they are "skating to where the puck will be".
What parameters and indications from the charts shows that it is headed south again? I see the 200 week is at .2483. Is that why you say that?... Just trying to understand charting better.
Does anyone know which brokerage firms still allow an online purchase and sell? I know Scottrade is restricted to phone orders and sounds like TD Ameritrade is as well.
Thanks
Interesting change in tone from you.. seems out of the norm for you.
We will all have answers to some of those questions over the next 90-120 days max but I think more likely within the next 40 days, conservatively. But the problem is will some investors still be "looking at the windshield" or "looking through the windshield"... Your choice.
Read the 8-K released on April 4th. "...The Company actively protects its IP and will release the final results, relevant protocols and clinical data after the completion of the full BIO-DATA IP PROTECTION...."
Where's the efficacy report that was due 2 months ago? Efficacy report was not due 2 months ago, the company did not give a time frame for this report. Stop spreading false information.
Where are the scientific publications in peer reviewed Journals from OWCP? The company did not state that there would be a publication in a peer reviewed journal, that has only been speculation on this board.
WHEN the company DOES release the final results, relevant protocols and clinical data from the full BIO-DATA IP PROTECTION report I'm sure you'll be quite surprised. I will be surprised too... just for a different reason than you as we have differing views. :)
From the 10-K "..ownership of the common stock as of March 31, 2017"
Shmuel De-Saban, Chief Financial Officer 195,416
From the OTCQB Certification filed and is current as of June 13, 2017:
Shmuel De-Saban Petach Tikva, Israel 195,416 shares
Under the Company’s 2016 ESOP, ... 750,000 options were granted to Mr. De-Saban, ... during 2016. Subject to the provisions of applicable Israeli laws, these options are held by a trustee and vest after a period of two years and, as a result, are not included in the above table.
All execs are looking to 2018 and beyond. They have a plan, just have an understanding that it may not be YOUR plan (whatever pps target that is for you) but they have a plan. Pieces will be coming together the rest of this year.
Absolutely FALSE and couldn't be further from the truth. The aggrosphere ETF press release (not released from OWCP btw) that stated OWCP would be included in it is what caused the huge volume to roll in, people jumped on the momentum and the run to $3+ occurred. People took profits and others knew it went too high too fast without proven fundamental change in the company (meaning there was no partnerships or revenue in near term) and shorted it. It is quite hilarious that some say OWCP is a press release company when clearly they are not. Q3 is just around the corner which means that is actually the time frame when many longs expected things to even begin. Revenue will be here soon. Book it.
Two green days in a row, albeit small, the fact is that it literally proves your opinionated statement false and inaccurate.
BTW.. glad that you're sticking around so that when this has multiple huge green days in a row soon you'll be a witness to it and I'm very curious as to what you'll have to say then. I'm guessing there will be crickets....
Just 6 problems with that....
Just 1 problem with that. Everything he said is factually correct. [FALSE, no facts to back up what he said] The patents really are fake. [FALSE, check with WIPO, they are provisional which means they will eventually be granted after revisions are all worked out]
The news is fake. [FALSE] They are not getting ready to sell anything and won't for a while. [FALSE, products to market Q3]
They are pocketing money from investors. [FALSE, you have no proof of this] This company really is a scam. [FALSE, absolutely zero facts to back this statement up]
mariosmack Thursday, 06/08/17 07:43:34 PM
Re: A deleted message
Post #
95833
of 95845 Go
Just 1 problem with that. Everything he said is factually correct. The patents really are fake.
The news is fake. They are not getting ready to sell anything and won't for a while. They are pocketing money from investors. This company really is a scam.
Can you provide the 3 links or specific filings from the company stating when the product release would be per as you state March, September and now 2018? I don't remember that the company stated any that for any of those time frames. What I remember is that the market readiness would be Q2 2017 and the product readiness would realistically be Q3 2017. There is a difference between market readiness and product readiness... Took this from FELLER... “Market Ready” often means getting everything in place, organized, marketing, packaging design, etc. Lots of initial stuff before production and distribution. Whereas “Product Readiness” is technically the final stage in getting a product actually approved for distribution to retailers and/or consumers. We are not in Q3 yet so how can you state that the company has delayed the product release yet?