What's next? Are you gonna call Huffington a penny stock pumping newsletter too? LOl

Who gives a damn about the disclaimer? LOL

The article is on HuffPost and OWCP is the only ticker mentioned! This is amazing for the company no matter what!

This is amazing coverage! Thanks for sharing!

Time will show :)

So what? This is nothing new. Why do you think OWCP is giving Dr Baruch additional stock options? To keep him and to incentivize him.

I don't understand you guys. When key people are given stocks you call it massive dilution, you know there are no revenues and there simply is no other way to pay these key people and to keep them.

OWCP management knows what they are doing. Yes, Dr Baruch is key for the company and the better he makes the company the more money he makes. Can't beat that!

OWCP

You need to understand how pre-revenue companies operate and raise funds. Unless someone donates them money, they can only raise money with debt or selling equity. There is no other way!!! First keep this in mind.

Second, there is nothing wrong with either method unless companies don't abuse it. OWCP has zero debt and very minor equity offering since October. And this is a great sign. Because of the company was a scam they would more than double the OS within this time frame as the PPS skyrocketed from triple zeros to multi dollars.

So in short, this company is doing the best progress and protect their investors. There is not a single thing to worry about ;)

No one said it is from Operations dude. Every single person on this board knows that OWCP does not generate revenues :) YET ;)

The truth is that I knew OWCP was not a scam back in October. So I invested heavily and I still hold 70-80% of my position.

This company kept its words since then and I know it is worth multi dollars, and I don't mean $2 or $3 :)
I did not sell off when we first hit those levels, and will still not sell the soon approaching second time ;) This is the truth!

Very cheap deal IMO. Good for OWCP Management :)

So you keep asking how are they going to market the products and the company but when they have an agreement with a company like CFN, you call this an effort to pump the stock? LOL

Correction: he CAN'T sell for two years after exercising :)

Completely disagree. No shares were dumped when this hit over $3 and none will be dumped now either. Plus, all stocks given to employees are either restricted or vested. They can't be "dumped" overnight anyways :)

Take the latest options given to Dr Baruch, he can sell out for the first two years after exercising plus he can only sell 8.33% every quarter :) This is how smart companies tie up and par their key employees.

How do you think pre-revenue companies compensate their employees all around the world?!?

You will either sell equity/shares to raise capital or give employees stocks.

Tell me one start-up or pre-revenue company in the world that does it differently.

It is a ridiculous statement to call this a scam because of this. Simply ridiculous!

Potential market size for OWCP is continuously growing!

http://www.independent.co.uk/news/world/europe/greece-marijuana-legal-medical-cannabis-weed-law-passes-a7821771.html

MMJ is now legal in Greece too!

Yes, yes, yes, yes, yes, and yes :)

What an irrelevant response :) I'm not comparing companies, I'm trying to show you that WIPO/PCT is way more important than USPTO. USPTO is a national office, while WIPO is worldwide and provides worldwide IP protection. If WIPO/PCT was useless compared with USPTO, Apple wouldn't have 1500+ patents at WIPO. Is really that hard to understand?

It is not odd, this is how business is done in biomedical research and all other businesses. A hired/paid institute cannot and would not release any information regarding ongoing research. This is not Sheba's research, it is OWCP's! Sheba is only paid to conduct the trials that's all!

But your posts prove anything? How about you prove the patent is NOT filed? Or the product is NOT market ready?

How about the effin signed contract? Please contact Sheba, please!!!

Read this and then tell me again that USPTO is all that matters when it comes to patents, LOL

http://www.wipo.int/export/sites/www/pressroom/en/documents/steve_jobs_brochure_2012.pdf

No this is absolutely wrong. If that was the case a company like Apple wouldn't have 1500+ patent applications with WIPO. They would only apply to USPTO which would not protect their IP anywhere outside of US :)

That's correct!

You had never heard of WIPO or PCT :) you kept searching for OWCP's patents on USPTO site until we showed you where these provisional patents are filed.

And I repeat, there is no such thing as rejecting or accepting provisional patents. WIPO/PCT gives opinion prior to the actual patent is filed. But provisional patents with WIPO protects inventions for 18 months until it expires.

Yes they do! OWCP has 7 provisional patents :)

What part of this is so hard to understand?

- OWCP just finished the efficacy tests on psoriasis cream and about to finish safety trials. They will publish once the USPTO application is in place.

- You were not even aware of an organization named WIPO until couple months ago but let me teach you one more thing. Provisional applications are just placeholders. They do not get accepted or rejected. A provisional application only prevents your idea from being stolen until you finalize the actual details of your invention.

- This is why OWCP filed a bunch of provisional patents to save time to finalize formulation and trials. Now that this process is over for psoriasis, they applied for the actual patent.

Is this a joke? If I'm hiring a medical institute to do clinical trials on a formula that I developed and want to protect, why the heck would I let them publish any of this information on their website?!?

Plus if you don't consider a signed and stamped contract as an evidence, how can you consider some info on a website?!? SMH

This is not an assumption, it is a fact. Go do some research on him if you are this clueless ;)

Not correct! There is lots of money spent under professional fees (example: fees paid to Sheba to do trials) that are actually R&D even if they may not classified that way on the income statement.

Good investors look beyond financial statements and how expenses are classified. Even the salary or stocks given to Dr Baruch and Alon Sinai are some sort of R&D spending.

Did it close green or what?!?

That last second trade at .624 made my day :)

You're not even comparing apples to apples. What do you expect, a $90 million MC company to spend the same money with a $2.5B company.

Don't get me wrong, OWCP will be as big as GW one day but it is ridiculous to expect them to have the same R&D budget.

$OWCP

So you are comparing your high school experiments to OWCP's scientific trials approved by IRB and conducted by Israel's largest hospital?!?

LOL, I'm wondering weather this can get any funnier... SMH

You are completely wrong. This stock ran from triple zeros to over $3 in 6 months and there was not a single share of insider dump :) I repeat, not a single share!

OWCP

Much much better background than previous CFO, Shmuel De Sabah. Most importantly, he has Nasdaq CFO experience.

I do not expect the new CFO appointment to impact share price (hope I'm wrong) but this is another sign showing that OWCP is ready to move into a higher tier as a company!

None of my professors would invest in any OTC stock if you ask my honest opinion. The volatility in OTC stocks would scare the heck out of them. But the reward is bigger with the risk IMO!

"Companies generally won't place patents on their balance sheet unless they purchased those patents from someone else. To go on the balance sheet, an asset has to have an objectively determinable value. A patent that's internally generated by a company doesn't have an objective value; one that's been sold has such a value -- the sale price."

End of this BS discussion.

http://smallbusiness.chron.com/patent-current-asset-66390.html

I have an MBA from a top 10 school in US and you'll teach me accounting principles? LOL

Once again, patents can only be listed as assets if a company acquired it for a certain price or if it is offered a price for it. Otherwise GAAP does not allow including patents as assets because there is no standard procedure of valuing a patent. I can claim my patent is $1 billion and someone else can say it is worth $5 million. There is no way to identify the actual value unless it gets an offer or it is sold.

Makes sense?

Read the annual statement, 10k to see what is the R&D spending.

Second, all the fees paid to Sheba is under the professional fees item. All the efforts of Dr. Baruch are under the professional fees item. If you do not consider these spendings as R&D, then what is?!? LOL

We've done our DD months ago. OWCP's statements say they have PROVISIONAL patents, not patents.

No one can have patents for products during development anyway. This is why they got so many comments from reviewers that the "predetermined ratio" term in the claims was not complete.

Now that OWCP finalized its psoriasis cream and its formula, they applied for the actual PATENT with USPTO!

The company never lied to its investors and kept all of their promises.

No you should, otherwise you wouldn't keep claiming that OWCP's R&D spending is $35k. Because it is $142k plus the professional fees to conduct the research which is an additional $1.7million :)