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Hu? is right. The implication inherent in the statement is that "communication" is not needed to "flip" the stock for someone that is "long".
Perhaps you might want to share examples of previous asset sales, buyouts, or joint ventures of companies where the premium realized by shareholders was significantly higher...ie more than 25-100%. There aren't any!
The last thing shareholders should be hoping for is a "1) Asset sale, 2) Acquisition by a NASDAQ company, 3) Joint venture". If any of this were to occur it would NOT be at a premium that is significantly higher than the current share price.
Of course the author of the article does not make any mention of what a typical "premium price" might be in a takeover situation. A premium of 25% is considered to be good for the company being acquired. A 50% premium would be phenomenal and a 100% premium would be one that most investors could only dream about.
How many shareholders here would be excited to to part with their holdings at a share price of $0.012, $0.014, or $0.018?
Not many, that's what I thought!
"Protecting stockholder value" at the current sub penny value. At least they didn't say "Massive" value.
It's OVER!!!! The OWC turkey has been cooked for a very long time!
There is no denying that the company did a great job in operating in "stealth mode". That is what good scammers do all the time. They want you and everyone else to believe that what they have in store for the market is so great and revolutionary that they must protect it from it's competitors. To carry it off they rent resumes and recruit puppets to repeat over and over again their "stealth mode" mantra.
They are ALWAYS in stealth mode, and have been getting work done as management does it's best to scare investors out of the ticker.
Don't let anyone convince you otherwise. I agree with you, Hirsch did not bring "massive value" to OWC, nor to Foamix, or now Menlo. All you have to do is ask its shareholders.
Just look at what the share price of MNLO has done over the past 3 months, going from a high of $6.94 on January 15, to a low of $1.20 on Thursday. Looks to me like a disappearing act, not unlike what Hirsch has done the past month. Too bad he didn't get lost sooner than he did!
Why should there be a conflict of interest if Hirsch had already resigned from OWC? Fact is that as a director Hirsch had a very minor role with Menlo, especially after his stature was reduced from that of Chairman of Foamix, to that of a simple director.
Does it not occur to anyone that maybe Hirsch finally came to the realization that his record of futility had finally caught up with him? Or better still, Menlo's management likely came to the same conclusion? Whilst Hirsch was full of himself, reality is that he was for all intent and purposes a failure. Most definitely he was never a savior!
There is no conflict! The reason for this is because, very likely, there is nothing there to be conflicted about.
So let's see what BS spins and speculation will be put forth now. Ok let me throw out the first one:
Upon realizing that OWC was negotiating a B/O or J/V with another pharma company, Menlo said to Hirsch "ok thanks for nothing, you can go now!"
That's a good question. Quite obviously nobody really knows the answer and all we can do at this point as shareholders is speculate.
If the insider's intention is to hold on long-term, because of information they have, then it doesn't make sense for them to hype up the share price. I suppose one could view this scenario as a positive.
If their intention is to eventually go private, the rest of us will end up getting the short end of the stick and there isn't much that we can do about it. Period!
If the often speculated possibility is a buyout or joint venture, there could by a myriad possibility of deals that could be made in private without any accounting obligation. If this is indeed the scenario, you can rest assured that the "insiders" will be protected and rewarded. To hope, and suggest, that with this scenario we will see a financial windfall, it's very unlikely. To think that all of a sudden the company has the shareholder's best interests at heart, is at best naive. It's also contrary to the company's history and the "bad blood" they have fostered with it's shareholders.
With all due respect to other's opinions, these are just my own. I also don't believe they will change, regardless of what is coming through the pipeline, and how many more patent allowances will be announced or granted. Unfortunately this is all due to a deep distrust that I have towards the company and its personnel, and from the knowledge that some people never change, they just become more of who they really are!
Your WAG is reasonably accurate! A few weeks ago before the latest conversion, I estimated it to be very close to $5.0 Million
You are correct it trades on the Canadian TSXV Exchange where the market is orderly and legal and where they have filing requirements similar as to what is required by the SEC.
https://web.tmxmoney.com/quote.php?qm_symbol=VXL
Gary, I think MjMilo has pointed out a few times that the company doesn't even recognize that it trades on the greys. BTW when we originally bought in, it was long before Covid-19 and for the longest time it was thinly traded between the 3-5 cent range...that is in CAD = approx .70 USD
You are making reference to "who will get the last laugh". I may have made that comment but somehow I can't find it. Perhaps I'm mistaken.
Yes a fraud and benefit for the insiders and the fortunate "we" that also benefited from the fraud. As for the "we all" that is a shameful affront to all the hardworking individuals that lost their shirts. Yes I'm "really" sure they are equally disgusted with such attitude.
Can't quite agree with "OWCP has never been and will never be a scam". So you're suggesting it has been all legit, during and including the infamous period in early 2017 until now? LMAO!!!
As I mentioned that news release occurred on March 27. As far as I'm concerned this occurred before going dark and before shuttering the windows completely with their March 31 SEC Filings. Going forward a short news release announcing the patent grant, and saying Hello and Goodbye is not too much to ask.
With regards to the R/S votes last year, people were NOT "willing to accept that move" from the OTC:QB to Pink. We knew full well that if the R/S was defeated, the share price would go back up to above one cent again and that is exactly what happened.
It has crossed my mind that Bignitz and Hirsch never expected that R/S to pass, and what has ensued was all part of their master plan as we see it unfolding.
LET ME REPEAT THE COMPANY HAS GONE DARK!
The conversion of the 25 preferred shares was announced on March 27. That is when I and most other shareholders knew what the new O/S count was going to be. "They", assuming you mean the company, did not update anything yesterday, the change had already been initiated days earlier. That DOES NOT fit my definition of communication.
The company effectively went "dark" with their two last filings on March 31. Going forward the company is under no obligation to give any accounting that could be scrutinized and verified by shareholders.
I see the word "dark" and so do many others. One doesn't have to have perfect vision to see that the windows are shuttered.
All that he and others have to do is understand the implications of the filing. It doesn't specifically have to say the word "dark", "closed the curtains", or "turned off the lights" to convey the same meaning. That is the beauty and nature of language.
Sims is doing everything that he wants to do in concert and with the blessing of the company. He is definitely not in the dark! But we as common shareholders certainly are and we will never see daylight again.
Perhaps you should let the current management know that a Patent Grant has been mailed. You never know, it's possible they haven't retrieved their mail yet, and they are still not aware of the excellent news!
The point that MjMilo is trying to make and so have others, is why not capitalize on the fact a patent has been granted? They announced its allowance in December with a lot of fanfare, but on the day it's granted they say nothing. Instead they gave its shareholders the shaft!
Does anyone see something wrong with the above picture?
Nobody has to prove anything to anyone let alone gain one's respect. What a statement!
They can do whatever they want to do but because there is no accounting you are at their mercy.
Time to move forward into oblivion. Denial of the reality does not make it go away.
You got that Right, no pun intended!
He still had to come up with additional emails for the malpractice lawsuit trial in NEW York, maybe he just got tired and didn't want to do it. As it turns out everything is pending and deferred to much later dates.
I don't believe they ever needed shareholder approval to increase the A/S. They could have done that, and they probably will, at the Board level. But I stand to be corrected.
No they don't need any advise. They are brainstorming on how to effectively give every shareholder the shaft. And the beauty with all of this is that they can do anything they want now, whether one likes it or not. When that happens maybe the realization will set in on how foolish it was to have given pathological liars so much credit.
Laughable nonsense! OWC is NOT in an early stage of anything. They are in the FINAL stage of being flushed down the toilet!
Sure Ziv was removed as CEO therefore the company was exonerated. Then a plan was cooked up whereby he ended up with the equivalent of 44 million common shares. Only someone that can't see the forest for the trees doesn't see the wrongdoing. UNBELIEVABLE!!!!
Yossi Dagan, the only person there with integrity, was so disgusted he resigned.
Sure more BS, Bignitz will become an expert adviser to others. Or maybe he's taking the time to look for those emails that he has yet to produce.
WTF are you saying about zero irrefutable evidence? You mean that engaging the services of a disbarred lawyer and then referring the same lawyer to shareholders is not wrongdoing? Just boggles the mind how anyone could say that!!!!!
The King of MMJ patents. Is he the one that is running the company? They get a patent grant and there is not even a fart that comes out of Riterband, aka the executioner?
Who might these insiders be? You are onto something there.
But how does one reconcile the fact that the few admirers of the current management have stated repeatedly that the insiders have all gone? Do you agree then that it's possible these insiders are still calling the shots as MJMilo and I have suggested?
You are very observant. I had exactly the same thought when I saw the word "should". I see it as nothing more than a dangling carrot. Besides by the time circumstances were to permit the restarting of operations, the 6 month contracts of the executioner and mortician will be over. They will have completed their jobs.
The real resumes that I just provided to you for both Pignitz and Mr. Massive Ahole Value Hirsch should be a good start. We literally have hundreds of emails and damning communication, including one where Pignitz tried to muzzle me by dangling a Non Disclosure Agreement that I would not sign.
You mean their REAL resume? There is not much there to tarnish!
PIGNITZ Real Bio:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=154125488
MASSIVE HIRSCH Real Bio:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=154125359
These unsavoury characters in the eyes of a few could do no wrong. Speaking of eyes someone should pluck Pignitz other eye out just as a constant reminder of who he really is.
What value is there singing the praises of past and current management that have done nothing but destroy shareholder's value and confidence. Just so that more shareholders can be fooled by such blind faith and lose more money?
THAT IS PURE UNADULTERATED HOGWASH
"Hopefully shareholders will get a fair pps". Hope is all we've got and much more often than not it's not a money making strategy.