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Why would Sims want to own a shell of a company, when by its very nature it is at best only worth a few hundred Ks?
The SEC defines a shell as:
Come on I-G you can do better than that! Why would DGF/Sims want to own, according to your well documented comments, "worthless" patents?
I am pleased PB that we are on the same page as far as expecting the 10-K filing. Earlier I wrote:
Are you sure you have spoken to the right David Sims? If you have, then I'm certain you set him straight on the "alleged" worth of the company and suggested that he was a fool lending $5 million.
Hard to say with any certainty what is really going on, but it should not be a surprise to anyone that DGF sought an injunction. It's probably not a surprise to OWC either! Regardless as to whether OWC co-operates or not, it looks to me that within 45 days from April 22 we will have an answer one way or the other. Also, we may very well end up getting the 10-K that we have been waiting for.
Thanks for the link on going dark. Now can someone comment on the implications outlined in slides 16 to 29? Also the following on slide 19 seems to suggest that the company still has an obligation to file reports until at least 110 days from the filing of Form 15. Is this how others read it?
Actually I did not have to look at the SEC complaint to find out if Frank Lane was implicated or not. All I know is that Jeffrey Friedland did numerous paid interviews around that time with CFN Media on behalf of OWC. I'm not that naive to believe Friedland choosing the "Lane" name for one of the accounts was just coincidental. At the very least it smells no? Regardless, I am reluctant to paint Frank Lane with the same brush and put him in the Friedland category. My point is that I would choose a different profile for Dr. Baruch.
True, cannot argue with that. Provided they have the funds the contract could be extended.
Actually the "Team Leadership" profile I was referring to is the one on this board. But I know what you mean about the OWC website.
Time to clean up the Leadership Team profile for Dr. Yehuda Baruch. The link has an old CFN interview that was done February 28, 2017. The contact person for CFN Media was none other than Frank Lane.
In case anyone cares, Frank Lane introduced Kodiak Capital Group to OWC Pharmaceutical Research Corp., this is central to the yet to be concluded "Sichenza Ross" malpractice lawsuit. Another stellar connection is Jeffrey Friedland. Did anyone give any thought to the SEC case brought against Friedland and the reference to "Lane 6552 LLC"? Ouch!!!
The interview occurred at the height of the scam just before the share price hit $3.23. Given what transpired, I am really surprised that the link has not been removed. Surely there must be a much better profile for Dr. Baruch. Just saying!
https://www.globenewswire.com/news-release/2017/02/28/1244049/0/en/CFN-Media-Exclusive-Interview-with-OWCP-CSO-Dr-Yehuda-Baruch.html
Agreed, one has to appreciate the sense of humour, especially when there isn't much to laugh about. But I must correct you about the bitterness part. There is none from this camp. Can't speak for everyone, but I feel a tremendous relief from no longer being burdened with unrealistic expectations.
To the contrary, it was a very good interview. So good in fact that upon reflection and hindsight it became quite easy to come to the conclusion that management didn't give a hoot about its shareholders.
Furthermore, if you recall, long before the interview in early 2019 there already was unanimous anger by the vast majority of shareholders due to the company's proposed 500:1 R/S.
As usual I am pleased that you disagree with my views about OWC. Otherwise I would have to reassess them. Alas there is no need because I have a clear recollection of all that has transpired with this company. All backed up with extensive documentation and communication with past management, their so-called advisers, lawyers, and their transfer agent. In its entirety, it's not a pretty picture!
Why would a buyout premium for OWC not reflect the value of this security? Since you appear to know the answer then maybe you can elaborate and tell us what the difference is between this security and others that are bought out. Please give us just one example of a similar security that was bought out at a much higher premium than what was suggested. Thanks!
Thinking about comments based on pure speculation is a waste of time. Take them for what they're worth...not much! OWC will never become a viable entity. They are on life support. All we can hope for is that it regains consciousness a few more times for pumps and dumps, before it is officially declared dead.
That's funny! I remember those specific comments as well.
Don't worry about any of the patents. With the current management and state of affairs, even if granted, they will go over like a lead balloon...just like the last one!
The gold standard has now been shifted to the executioner and caretaker. If it weren't so sad it would be comical.
Actually it's no mystery at all, they just don't give a poop about shareholders. The sound of their silence is deafening!
Giving the company slack because of CV-19 and comparing it to real medical clinics that have had to either shut down or curb their activities because of the pandemic is an insult to these clinics. Let's not forget that OWC was and has been dysfunctional since its inception. To all of a sudden give them legitimacy and excuse their actions because of the current pandemic is to ignore all their past transgressions.
There is no doubt that there have been, and there will continue to be, conversions of the preferred shares by DGF. Although conversions always increase the OS count, the extent of the "dilution" is directly related to the share prices at the time of the conversions. Obviously it's in both the company's and shareholder's interest for conversions to occur at higher prices.
It's my opinion that the conversions of the preferred shares will continue. It is a necessary evil and the only way that the company can diminish the size of the elephant in the room that has been there since April of 2018. It is what it is, but I don't really see it as a negative. It almost guarantees that we will continue to see extreme fluctuations in the SP giving some shareholders the opportunity to make some money, and others the opportunity to make an exit if they can no longer stomach the drama.
How many effing times has it been pointed out that Jim Bloom doesn't know his, you know what from his elbow? Let alone realizing that the company he quoted, One World Pharma Inc. (OWPC) has nothing to do with OWCP.
We are now singing a different tune by continuing "to weather the CV-19 storm while seeking additional financing which we all know is essential to their survival." This statement seems to imply that the company still wants to continue on from where they left off. What kind of additional financing do you think the company could get? Another massive toxic loan to pay off DGF? THIS WILL NEVER HAPPEN!!!
But only a week ago the tune was about asset sale, acquisition by another company, joint venture, or change in strategy. Please try to be consistent.
Provide the source of your belief that "We will see the 2019 Annual Report within six weeks". This is a bold statement considering what has transpired, and if taken seriously it will only cause more people to lose money.
You keep making reference to employees. Technically OWC has only had independent contractors. Bignitz, Hirsch, Sinai, Zeevi, all provided services as advisers through their other companies. The current CEO and Chairman are under the same arrangement. As far as I know, for the time being, Dr. Baruch is an employee and quite possibly so is Sigal Russo, but they have been furloughed.
Yesterday was a good WEED day and I said that today would give us an indication as to where we'd be headed. I'm not sure I would read much into what transpired today, other than the expected profit taking. If it's any comfort all stocks were down today. Hang in there!
Jim Bloom confused OWCP with One World Pharma...OWPC, a totally different unrelated company.
Weed day may have been a factor for some stocks but none of them went up 115%. As you can see from the following link, not all went up today. Tomorrow will give us a good indication where we are headed. I would be quite happy with sustained 5-10% daily gains for the next few weeks. GLTA!!
https://www.bnnbloomberg.ca/marijuana
To the expected or potential list of reasons should be added "Or none of the above." After being let down since the inception of this company that is a distinct possibility. But of course I, like many of us, would love to be pleasantly surprised.
At least that investor was real. The whole idea that they might be flushed out spooked the hell out of bignutz.
"I hope that I'm wrong bud, I'm not expecting these jokers to act in our best interest.." Truer words were never spoken!
As for "I'm NOT expecting more then a bone toss our way.." Unfortunately, that will probably be as good as it gets.
For those who care and would like to expend more time on this, here is a link to the reporting requirements of OTC including the stinky Pinks: Note the following quote and in particular the $5000 fine, aka a slap on the wrist:
Right now the "smart" money does not think it's worth very much!
Most of us would as well but the problem is that OWCP was never a $3 stock. Even with its patent and others that may or may not materialize, the market does not seem to be supporting a share price above $0.01. That is the sad truth!
I am suggesting for those that care, they should not be misled by a BS article that has no relevance to OWCP. Furthermore I'm not seeking any information that I know does not exist. I am simply stating the truth, and that is not to expect a buyout or joint venture premium greater than 25-50%, because it will not happen. If you or anyone else is ok with such a paltry premium that's nobody's business. I personally know quite a few shareholders that would not be satisfied with such a scenario.
It's not a problem, just an observation.
They will control more than enough shares for a majority if they work out a side agreement with DGF and Ziv Turner. But I never suggested that there is a buyout or joint venture in the works. At least I hope not, otherwise we will all be getting the short end of the stick.
You do not have the information that I am seeking. The reason is because it DOES NOT EXIST!!! Let me repeat the info is on a single example where the "premium" paid to shareholders exceeds 25-50%.
If you re-read the statement you made that is not what you said. I was not the only one that interpreted that way.
I've already stated that the author does not make any reference to the extent of the "premium". Fact is as I've already pointed out the "premium" that would be paid under similar scenarios mentioned in the article, would not be at the levels that any of us should be excited about.