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So many wrong statements in one single post.
- OWCP has pending patent applications with WIPO which are given provisional patents for the time being. Once applications are reviewed by WIPO, OWCP will update the applications incorporating/addressing comments for formal patent award.
- The $13k on the balance sheet is not for the patents. Basic accounting principles prevent companies from claiming patents as assets unless they acquired the patent or they are offered a price to sell. The main reason for this is valuing a patent is very subjective. GAAP (if you don't know what it is, look it up) can't regulate this so they prevent companies from showing all patents as assets. Even companies like Apple or Microsoft can only claim patents as assets if they meet the above requirements.
Amazing chart!
Bollingers on the daily is so damn tight! OWCP is ready for its next big run for sure!
Agreed and I'm on the same boat with you and many other longs about the daily swings.
$3 was indeed a glimpse but even at that level of pps, MC is only $450 million. We all know that the company is worth way more than that with all the catalysts on the way!
100% intraday jump will surely happen when IP protected bio data is published IMO!
I agree, some of the major updates I'm waiting to hear in the next 2 to 8 weeks are:
- Bio IP data published for the wonderful efficacy results,
- The safety trial results with minimal to no side effects,
- New agreement/s for manufacturing and distribution of psoriasis cream, and
- Preliminary results or the trial plan for additional of use of the cream
We beat last few days' volume in less than 15 minutes.
This correction was well overdue!
$OWCP!
OWCP pps should be nowhere below $1. Even with a dollar MC becomes way undervalued at $145 million.
Agreed. Germany is the right place to start marketing the cream. Once sales revenues start coming, OWCP will have the resources to focus on US, and specifically the costly FDA approval process.
OWCP is taking the right steps into commercializing the psoriasis cream.
It can't get better than cancelling deals with incapable distributors like Medmar and signing new agreements to find the right approach to market products.
$OWCP is primed for huge PPS correction in the following days and weeks to come!
You are 100% wrong! Psoriasis market is a multi billion dollar market and most of the products out there right now have severe side effects.
When OWCP's psoriasis cream is out it will capture all customers that are suffering from the side effects of ineffective products.
Even if OWCP gets 10% of the market, it is enough to skyrocket the PPS!
$OWCP
Authorized shares don't mean much. You need to look at outstanding shares. OWCP has 145 million while the other one has 355 million.
But this not the reason why OWCP is better. It is better because it has much better product pipeline IMO.
You're missing a huge point. If you borrow, your liabilities increase by $2 million as well.
In OWCP's case they have no additional liability and $2 million in cash.
Big difference!
I say more than double. This should be around $1.75 even before the product is being sold, which corresponds to a $250 million MC.
Once the IP protected efficacy results are published and safety trials are done, we should climb to these levels in a single trading day or two.
$OWCP
On February 16, OWCP closed at $0.67, almost same PPS as today. Within 3 trading days, it hit over $3...
You may think this was due to news released by the company in those three days, but actually there was no releases by OWCP between February 7th to the 24th.
My gut feeling tells me that we are about to see a very similar run, probably even a better one. This time though I am pretty sure the price will be stable over $2.
Call this speculation or whatever you want to call it but the current MC under $100 million is way to low for a company like OWCP!
It's just a matter of time we break dollars again, who gives a damn about breaking .70?! LOL
$OWCP
You call this a high volume day?!? What makes you think 790k is a high volume?
Average volume over the last 30 days is over 2.2 million.
Wait until +10 million days coming pretty soon :)
$OWCP
Even after OWCP pays Medmar the $300k and all other liabilities, they will have over $1.5million cash to fund operations and R&D.
This is just amazing! There is no smarter way for a pre-revenue company to raise money!
$OWCP
Indeed! Good to see you on here again Kraken!
When is your birthday again? LOL
$OWCP
NO DILUTION AT ALL AND NO NEED FOR IT FOR A LONG TIME!
$OWCP
This 10Q puts an end to the dilution BS that was brought up on this board by certain posters.
The company has over $2 million cash in hand and does not need to increase the OS for operations.
The minimal increase in OS with restricted shares are simply the warrants exercised.
This 10Q should reflect a significant increase in cash assets due to the restricted shares sold in January.
I'm expecting the cash assets to be between $1 - $1.5 million even after paying Medmar the $300k to terminate the deal.
The cash assets will show that OWCP does not need to increase OS because they have enough money to fund operations at least until the end of the year.
This is the main difference I expect to see in the 10Q that the 10k did not show.
RSI on the daily is around 38!
This is extremely oversold and about to pop back to where it needs to be.
You know you're talking about a 0.4% increase in OS right? LOL
Is this what you call a "massive dilution"?
Plus this is most probably coming from Michelpro exercising its warrants. So it is NOT dilution and you are WRONG!
Let me guess, you did not even know about Michelpro deal and that it included warrants, did you?
I am not arguing otherwise. But I have seen way more speculation going up coming true than the ones going down!
All I can say about $VDRM is that it is ridiculously undervalued at where it is right now. $8 million MC is like a joke. This needs to be valued at minimum $100-150 million!
What kind of textbooks have you read? LOL
This is having a flat day with low volume. Although it is minimally red now, it is quite likely that it will close green today.
$OWCP
You've been hearing this since $1.25, I've been hearing this since $0.04.
This is how I know it :)
$OWCP
Looks like you'll miss a huge opportunity waiting for the .60s
$OWCP
Great article, thanks for sharing!
Maybe he meant 1.60s, LOL!
Nice slaps over .80, correction time!
$OWCP
It is the dips that are artificial not the bounces. The bounce are corrections for MMs messing up with this.
Don't be funny, this will see .80 today and much higher soon!
$OWCP
I don't think chart means anything at this point. A week ago it indicated big green but did not necessarily happen.
This is under MMs' control. So they can reverse the chart within a day. You never know...
$OWCP
"Safe stock" also means minimal upside. OWCP has much more upside potential than the majority of those $5 safe stocks. Especially at these prices!
Red day but at least 2.5 million shares are in better hands after today!
$OWCP
If one owns at least 100-200k share, it sure will in less than few months :)
And this is how impatient traders' shares are stolen. MMs drive the price down to trigger sales consistently. They do this because they know the underlying value of this stock.
Over 850k shares changed hands in half an hour.
I am not selling a single share of mine. We have seen these games over and over.
$OWCP
I am NOT speculating.The truth is in the contract! Have you read it at all before speculating yourself? Here is the contract included in the *k
https://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=11614519
The contract has two terms that gives OWCP the right to terminate by paying off the loan.
Term of the Agreement: The term of this Agreement shall be until the Loan Amount is repaid pursuant to the terms set forth herein (the “ Term ”). The
loan shall be repaid within 36 months from the Effective Date.
This basically says that the agreement is over once the loan is paid back. Period!
Notwithstanding the above, OWC may, in its sole discretion, prepay any outstanding portions of the Loan Amount owed to Medmar, in whole or in
part, at any time.
And this term gives the right to OWCP to repay the loan at any time without waiting for royalties to be in place. Period #2
I just asked these two terms to my companies legal rep and he confirmed thay OWCP's termination is completely in compliance with the contract.
Agreed! 8k today indicates much more exciting news coming. OWCP has realized that Medmar is not capable of distributing the upcoming products so they exercised a contract breach by paying off the entire loan back. Of course they did this according to the contract. The loan was due back in royalties but OWCP clearly had the right to pay it all back and cancel the deal. The best part is they would only do this because they have a much better distributer interested to sign.