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Where is it written that Dr. Baruch has departed? Being put on an unpaid furlough is not the same as departing. If it is your assumption or you suspect that he has indeed departed...as in gone, finito, then say so and we will take it for what it's worth.
As for a definition of what "cure" means in the specific case of Dr. Baruch the only cure would be if the charges were dropped. Nothing more and nothing else. I am 100% correct about this. There is no need to wait for anything to see if it makes a difference.
The "cure" you are suggesting is not going to heal anything. Essentially what you are suggesting is that changing an employee's status to that of an independent contractor or adviser somehow "cures" the triggering event. You are also suggesting that Dr. Baruch is "not an Officer any more".
Unfortunately the above is not true. If it were that easy to bypass a triggering event, then what's the point of having a contract? Let me elaborate: Dr. Stanley Hirsch, Mordechai Bignitz, Dr. Oron Yacoby Zeevi, Alon Sinai, all were or are technically associated with the company as advisers, and all with key roles. So why the distinction with Dr. Baruch? There is none!
Fact of the matter is that whether or not Dr. Baruch was put on unpaid furlough, laid off, put out to pasture, fired, or even killed, it would make no difference vis a vis the triggering event.
So let me repeat once again, the triggering event has not officially ended! But why be concerned about technicalities at this point? The triggering event, as punitive as it is, does not even come close when compared to the overall damage done to the company as a direct result of mismanagement.
It might also be a way of qualifying and getting some emergency relief money from the Israeli government due to Covid-19.
How has Baruch's triggering event officially ended? Once the trigger was pulled there is no turning back. The consequences continue to be punitive, to the point that even if there is a J/V or B/O, DGF will be owed much more money than they would have otherwise been entitled to. The triggering event has not officially ended.
Some exciting news. I do not have a direct link. This is from the Toronto Stock Exchange.
https://web.tmxmoney.com/article.php?newsid=8915833043322250&qm_symbol=VXL
VAXIL COMMENCES PRECLINICAL COVID-19 VACCINE TRIAL AND FILES AN ADDITIONAL COVID-19 PATENT
Not for distribution by US newswire or in United States
NESS-ZIONA, Israel, March 27, 2020 (GLOBE NEWSWIRE) -- VAXIL BIO LTD. (“Vaxil” or the “Company”) (TSX VENTURE: VXL), an innovative immunotherapy biotech company specializing in cancer and infectious diseases, is pleased to provide a update of its COVID-19 research program and other updates.
COVID-19 Vaccine Development
In February 2020 we announced that we believed that we had successfully identified a corona virus (COVID-19) vaccine candidate (“Vaccine Candidate”). The Vaccine Candidate is based on unique and patent protected signal peptide technology, utilizing Vaxil’s proprietary VaxHit™ bioinformatics platform. The Vaccine Candidate is also based on successful in vivo experiments testing a tuberculosis signal peptide vaccine.
We are now pleased to announce that we have non-GMP vaccine material in hand and have begun to execute our preclinical program to test the efficacy of our COVID-19 vaccine candidate.
Additional Patent Application
In early March 2020, we announced our applications for a US patent (U.S 62/987,310) on a coronavirus vaccine intended to provide broad patent protection for novel vaccines, pharmaceutical compositions and methods of treating and preventing infectious disease as well as methods for producing a peptide vaccine against coronaviruses.
We are now also pleased to announce that today, Vaxil has applied for an additional patent in connection with COVID-19. An application for a US patent was filed on March 26, 2020 that is intended to provide coverage for a broader set of vaccine candidates.
Exercise of Warrants
The Company also wishes to announces that to date, we have received aggregate proceeds of $1,047,000 from the exercise of previously issued (January 2018) warrants, having an exercise price of $0.10 per warrant. These funds will be applied to advancing the Company’s research program.
“This is a very exciting moment for us, as we begin our lab work, less than six weeks from the first discovery. We are pleased with the progress that we have made to date on the development of our potential COVID-19 vaccine,” said David Goren, Vaxil’s Chairman and Chief Executive Officer, and continued, “During the following weeks, we will work to advance our preclinical research for the development of this much needed vaccine and we look forward to sharing additional information as we progress through our research program.”
On March 17 Predictive Technology Group "announced that last week it began communication with domestic and international agencies and groups to be a supplier of mesenchymal stem cells (MSCs) for the potential clinical treatment of patients suffering from secondary issues related to the coronavirus (COVID-19)."
https://predtechgroup.com/news/predictive-technology-group-addresses-use-of-mesenchymal-stem-cells-in-treatment-of-secondary-issues-related-to-coronavirus/
Other than it potentially being very beneficial to Covid-19 survivors, I wouldn't make too much of a big deal as far as PRED is concerned. There are just too many companies that have jumped on the bandwagon named Covid-19. Don't be fooled!
As far as I know Dr. Baruch is the only one that is regarded as an employee.
https://www.sec.gov/Archives/edgar/data/1431934/000149315219006170/form10-ka.htm
His 2018 salary was $91,000 + $21,000 + options granted in 2016 that no doubt would have already vested and exercised.
I have no concern with the following quote:
Speaking of extensions, the malpractice lawsuit hearing will likely be pushed back as well.
The other day there was also an update regarding the case. The defendants are going all out to finally bring an end to proceedings. In that regard they have hired a highly regarded and well respected retired judge to provide them with an expert opinion on the merits of OWC's malpractice claims.
http://iapps.courts.state.ny.us/iscroll/SQLData.jsp?IndexNo=152373-2017
Interpret this as you will. OWC could just as easily provide an expert opinion of their own, but they may be running out of both money and stamina. It's also possible that the new judge assigned to preside over this, may view the expert opinion with a grain of salt and not give it much consideration.
Don't be surprised if there is an extension to the filing deadline even if they don't officially ask for one. I don't know the details but the extension is due to the disruption that has been caused by the COVID-19 Pandemic.
For Yossi, OWC was a marriage of convenience. Some may not know that the OWC move to 2 Ben Gurion coincided with Yossi's departure from Top Image Systems Ltd. located in the same building. So for him it was an easy move.
As for a better career opportunity, unfortunately his tenure at the company that he went to only lasted about 6 months. He has since joined another company that hopefully will offer him more stability.
Unfortunately very shortly after he sent that email on January 15, 2019, and long before Milo visited the company, Yossi had already decided that he no longer wanted to be associated with a company that had so many question marks.
Having assumed the mantle as his unofficial biographer I can tell you that Bignitz has never accomplished anything in the business world other than setting up personal ATM machines for himself and his friends.
He acquired control of Dynamic Applications Corp. from Eli Gonen on July 2014, and effective September 28, 2014, upon Mr. Gonen's resignation, Bignitz, at the age of 62, became not only its CEO but also Chairman and sole director. It was during this time that he set the wheels in motion to recruit individuals such as Dr. Baruch, Shmuel DeSaban, Alon Sinai, Ziv Turner, Amir Uziel, Dr. Shackleford (sole person from the U.S.) and possibly a few others. Some of these guys had no qualifications or official roles whatsoever, other than lending their name and some seed money for the official launch of the newly named OWC a few months later.
These guys were given options on millions of restricted shares at a price of $.05. During this time they also secured the services of Richard Rubin, their disbarred lawyer. Interesting that the company's last offering to its insiders was for the same $.05. Some things just never change!
I would like to believe that Bignitz will vanish into oblivion, but I can't help thinking that he's laughing at all those that believe he's actually gone.
Logic emphatically suggests that it's not the same guy.
IG is right in one thing, and one thing only, and that is that just because DGF is registered in the Caymans it doesn't mean that is where David Sims resides.
The point that I have tried to make, unsuccessfully so far, is that the David Sims of DGF does not need to spend years with the help of other accomplices to end up making a few hundred thousand $ when he can make more than that in a few hours on his own.
The reason that this is not hitting home is that you cannot teach stupid, and you cannot teach an old pony new tricks.
A recidivist is a serial liar who re-offends repeatedly by committing the same crime over and over again and spreading falsehoods. Even when the SEC and others made it very clear that $ amounts involved in the crime was nothing more than beer money to the real David Sims.
Recidivists are here, there and everywhere. Thanks again for proving how true the old saying is, that it takes one to recognize one.
You are suggesting that 6 mil+ traded shares at a value of 115K equates to a high volume and dumping? I am pissed with the fact that I am even replying to this.
My answer was directed at your specific question regarding the filing of a 10-K and NT 10-K. By the way, whether or not a company is generating revenue does not make the filing any more simple or difficult.
With regards to Dr. Zeevi your assumption that she has left is incorrect. Therefore there has not been a requirement to file an 8-K.
Professor Yuval Ramot was appointed as a consultant, not as a spokesperson! A LinkedIn profile generally lists one's principal employer and line of work, such as:
You can criticize the company all you want, the fact of the matter is that if there is one aspect of the company that does not warrant criticism, it's their history of filing.
According to SEC guidelines OWC has always complied..even when they filed for an extension, and then filed within the extension time period, SEC considers the filing as being compliant. No excuses have ever been required.
It's disingenuous to keep on talking about the moral character of individuals, whether it's in business or politics. They are not running for, or aspiring to win the Mother Teresa award. Especially so when they are not directly involved in the corruption being referred to.
Thank you for agreeing and validating my claim, for the last three years and as recently as a week ago, that Bignitz was incompetent, selfish, and a liar...not exactly qualities becoming of a CEO.
Your statement is factually incorrect when you state:
A new judge has been assigned to the malpractice litigation case. Nothing else changes.
https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=ZcRyMJvcSN/Z6GvXPo43PA==&system=prod
As per last week's motion the defendant has to provide a specific list of the emails and attachments they are seeking. It will then be up to OWC to produce them before the next hearing. Means that the current management has to compel Bignitz to get his act together and find them!
Talk about scraping the barrel to find dirt. How about something more recent?
The Company’s Board of Directors expressed its gratitude to Mr. Bignitz for his six years of service to the Company and wished him success in his future endeavors.
Besides Hirsch does anyone know who was on the Board of Directors? In August, 2018, Hannah Feuer resigned as director. She was one of only three directors and was never replaced.
So I guess after being asked by Bignitz to say something nice, via Skype Hirsch expressed his gratitude on behalf of himself and everyone else. That is indeed laughable!
I have been consistent in my criticism of Bignitz from day one, so I should be happy that he's finally gone. But is he really gone? He may have removed himself from the dugout but in my opinion he may still be calling the shots. Until we get a coroner's report I'm still not convinced he's gone.
VAXIL BIO LTD. has submitted a new patent application for its anti-infective vaccines platform as a result of our recently announced COVID19 candidate discovery.
Vaxil has applied for a US patent (U.S 62/987,310) on a coronavirus vaccine that is intended to provide broad patent protection for novel vaccines, pharmaceutical compositions and methods of treating and preventing an infectious disease as well as methods for producing a peptide vaccine against coronaviruses.
https://ca.finance.yahoo.com/news/vaxil-applies-coronavirus-vaccine-patent-131010676.html
It's kind of sad to see Bignitz go. Especially so after I wrote his most recent glowing biography.
Promise to myself...Let it go BL, let it go!
They will need higher amperage breakers and higher capacity circuits before this is all said and done.
ResearchGate is nothing more than just another networking platform. I would be really pissed if a researcher I was collaborating with started blabbing his mouth and sharing sensitive proprietary information without first getting patent protection and my permission.
David Sims is mentioned in a few filings.
https://www.sec.gov/Archives/edgar/data/1431934/000149315218009677/form424b3.htm Found on page 61.
https://www.sec.gov/Archives/edgar/data/1431934/000149315219010341/form424b3.htm
The following is found at the bottom of page 75.
As many of you may know the Malpractice lawsuit between OWC Pharmaceutical Research (the Plaintiff) vs. Sichenzia Ross Ference, et al (the Defendants) has been going on since 2017. Not surprisingly it has been dragging on, with no apparent end in sight.
The Defendant is still looking for emails, all emails. The Plaintiff keeps insisting that they have provided the requested emails, and that they cannot provide what they don’t have. Bottom line the Defendants brought forward a motion in December to have the presiding judge strike to remove all of the Plaintiff’s pleadings to the court.
As per the judge’s order yesterday, certain motions were:
I do not confuse interest and dividends. GIVE US JUST ONE REFERENCE TO "MONTHLY INTEREST". I keep posting and correcting misinformation. The dividends are paid quarterly at the rate of 5% per annum on the value of the remaining preferred shares.
LMAO alright. My initial conclusion was the same until I dug deeper into the case. There is zero connection between these guys and OWC. Do your own DD to prove your point. It is laughable to suggest that David Sims of DGF would get together with 2 other individuals and other entities to scam 13 people out of $1.41 Mil, when he can make that on his own legitimately, probably in a single day! Think how ludicrous that is!
Not trying to discredit or minimize what you read or saw. Covid 19 is no laughing matter except for "supposedly" these doctors and nurses in Iran.
THERE ARE NO MONTHLY INTEREST PAYMENTS! Don't take my word for it, it's in the original agreement and many of the subsequent filings.
The 23 million shares that were issued was for the conversion of the 19 preferred shares only. It had nothing to do with the quarterly 5% dividends.
The following is a clarification of a comment made on July 2, 2019 by MjMilo that has created some confusion:
Sims/DGF IS NOT a serial scammer! It has been pointed out numerous times that the David Sims referenced in the prime bank fraud has no connection to DGF nor to OWC.
Mordechai Bignitz the original architect. Below is his glorified BIO followed by the real one. If anyone disagrees or thinks I'm being harsh, point to one thing, just one, that you could say that is incorrect and not true.
Dr. Stanley Hirsch. His fraudulent BIO followed by his real one.