Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I don't mean 5 minutes by "fast" LOL
God, it has been only 20 minutes since it broke 45 and it is @48 now.
Patience!
Once this breaks the .45 resistance it will shoot over .50 FAST!
OWCP!
I say .50s. Agree with you on the RSI.
It has never been this low on the daily chart for over a year. This is bouncing back up for sure!
Seller who overreacted will regret!
It already is IMO!
Are you kidding me? We are all here :)
Today's volume was 2.9 million and I guarantee you that 3-4 longs here own more than that combined. And there are tens of longs here.
So longs did not sell like those panicking investors. In fact, smart ones might have even added ;)
Unreasonable overreaction and bunch of stop losses were triggered today. Many people will notice the dip tonight and load tomorrow.
I expect a bounce back to 50s tomorrow.
OWCP!
This is bouncing back like hell either before close or tomorrow morning!
Way oversold!!!
Thanks for the confirmation! I've been telling the same thing numerous times. The "professional fees" item in the 10k is mostly R&D spending including fees paid to Sheba or compensation for Dr. Baruch.
Agree with every single word you said! OWCP has been progressing so much according to their business plan and a few key expected updates would make the PPS beat its 52-week high within a couple or few trading days.
Longs will be rewarded! No doubt!
OWCP!
Looking forward to watch the interview. And an agreement deal in Germany would be amazing!
It is not just this stock. 99% of mj and mmj companies have been in a downtrend for the last 3-5 months.
OWCP is a great company and it is unfortunately suffering from the overall industry.
Seems like you have done much DD about the company. The reason why they are making these patent applications now is because they just completed efficacy trials and their safety trials are either about to be or already completed.
There is not one, but two patent applications. OWCP is making everything to protect its psoriasis cream IP as the final step of market readiness!!!
Great news and a great way to start the week. But I feel much bigger things are coming! Especially through the CFN partnership.
OWCP!
Proof? Let me guess, you have none!
OWCP is so confident of its PATENT applications that they even provide the patent application number along with their 8k/PRs!
I love it!
This morning news show that OWCP is determined to protect its IP for the psoriasis cream before marketing the product.
For those who have been suspicious about the USPTO application about a week ago, the European patent application proves that OWCP is not doing anything to pump its stock price. If that was the case, they would not spend additional money, and time, to file for this second patent application.
Amazing things are waiting for OWCP shareholders in both the short and long term!
You can't be serious! This provisional application was filed in 2015. That was before the efficacy trials, before the almost complete safety trials and before all the product development within these last two years.
OWCP's provisional application is a great starting point. With all the new information they have now, they updated the claims that do not qualify. If anyone thinks that the recent USPTO utility patent application was a copy of the provisional one in 2015, he/she must be a fool :)
OWCP addressed all the claims that do not qualify and most importantly, they now have solid trial data claims in the patent application!
OWCP!
Haha for you guys a signed contract with Sheba's stamp on it does not have credibility too, LOL
If you want to invent, manufacture, market, and distribute it $1 billion is reasonable.
But if you're only inventing and letting others to manufacture, market, and distribute, like OWCP does, their spending is pretty reasonable :)
How can one miss this obvious difference? LOL
You are missing a very important point.
Dr Baruch has led Israeli Ministry of Health's MMJ Program for 10 years. Not 1, not 3, not 5. 10 fricking 10 YEARS.
During those 10 years he dealt with numerous medical research and trials.
What this all means is that he brings all that insight to OWCP and the company does not start its MMJ research from scratch. This is why their R&D spending is not as high as a comparable MMJ start-up.
Plus Dr Baruch has the relationships in the government and medical field. Relationships always open doors and does it for cheap. OWCP is working with Israel's largest medical hospital to do research. Most probably many of the Drs at Sheba used to knock on Baruch's door during the 10 years he served for the ministry of health. Now it is time for them to return favors and save OWCP time and money ;)
Think of the R&D spending once again in this perspective.
Wait, who talked about EPO? You said WIPO doesn't have provisional patents and I proved you wrong with a link from WIPO :)
Instead of pivoting to another topic, once respond to the facts and proofs we provide to prove your claims wrong!
This is your 100th post on this question and here is my 100th answer :)
The details of the clinical trials conducted by Sheba are all confidential. Of course they can't post anything on their website. Even OWCP can't post it on their own website before protecting their IP. What is so hard to understand?
Here is an example: I currently for a Fortune 500 engineering firm and we execute tens of projects for our clients in the oil and gas industry. But none of our ongoing project details are on our website because clients don't allow us to reveal this information. The majority of the time, they don't even allow us to issue press releases when we are awarded the contract.
This is exactly why Sheba can't do the same.
Get it?
One more false claim"WIPO doesn't have provisional patents". Here is the proof from WIPO.
http://www.wipo.int/wipo_magazine/en/2006/05/article_0010.html
Read the "Cost Saving Patenting Options" section and maybe you can understand why OWCP chose its current path to patenting and protecting IP during ongoing development.
OWCP knows what they are doing!
Absolutely, there is a reason why OWCP hired CFN for these big upcoming announcements ;)
There is no such thing as rejection. It is just an opinion on the provisional patent application.
This opinion (positive or negative) is so valuable for the applying companies because they can revise their claims and apply for utility patents.
And this is exactly what OWCP did with the psoriasis patent!
Small green but green :) Other than the scared shorties or cheapies, no one cares about these daily swings anyway.
When this starts running these daily moves on the chart will look microscopic :)
OWCP
Thanks for this analysis!
This what we call a DD. Not someone repeating "massive dilution" BS with no facts or proof.
It says "includes". It does not say all professional fees are stock based compensation. Seriously, not only read it, but understand it before you post another misleading/false claim.
Go back and look at the 8k filed on November 30th :)
I heard this "OWCP had its big run" crap many times after the elections in November :)
OWCP will have its real big run with products getting into the market soon!
Give me break, you called a couple percent point increase in OS massive dilution. This company returned loads of money to its investors so far, a couple percent increase in OS to raise $2 million cash for operations is an amazing sign rather than a concern.
I've seen companies doubling their OS at times of hype. In that case you can call it dilution. Not to raising money by offering negligible amounts of RESTRICTED shares to investors!
Welcome to the OWCP family!
That is absolutely right! OWCP will soon beat its 52-week high and naysayers will be nowhere to be found :)
If longs looked at the percent drop, they would've sold after the election when this went down 50-60%. Guess what happened for those who kept their stocks and bought more? LOL
Your timeframe and mine are completely different. But it does not matter. Soon that 77% will be long gone ;)
This is called MARKETING :)
Every company does it one way or the other. Nothing is wrong with that. In fact it is great for OWCP management to market their company.
Even with the 77% down it is over 13,000% up from September. How does that sound? LOL
If you're that concerned for OWCP investors (or scared), how about you write a contributor article on Huffington and get it published too?