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Just like your patent claims are wrong, your accounting claims are also flawed.
Companies do NOT place patents on their balance sheet unless they purchased it from somebody else. To go on the balance sheet, an asset has to have an objectively determinable value. It is impossible to put a value on an internally generated patent if it does not have a specific sale price. GAAP (if you know what it is) won't allow you to pick an indeterminable value for a patent and claim that as an asset.
Take Apple for example, $380b company which has thousands of patents. Their balance sheet value for intangible assets (which covers patents but so many other things such as brand value, goodwill, etc) is only 0.4% of the company value because they can only file the patents they bought as assets.
It is 100% accurate. PCT application requires a local application first. OWCP filed provisional applications in US first and then filed for PCT within 12 months. You are right about USPTO provisional application is abandoned after 12 months. I'm not arguing otherwise. But once OWCP filed and published PCT applications they do not need USPTO application anymore as PCT covers 140+ countries including US. This is how international companies save money on patent filing because you have to spends loads of money to file for patents in each and every country. It is so simple!
Reapplying is not necessary anymore because OWCP leveraged its original USPTO applications to apply for PCT international patents. It's all done and protected in 140+ countries including entire US. No need to file locally in US anymore
Information on this sticky is false and incomplete.
Here is WIPO's guide for using patent information
http://www.wipo.int/edocs/pubdocs/en/patents/434/wipo_pub_l434_03.pdf
Go to page 5 and you will see that there is such thing as INTERNATIONAL patents. This is how OWCP filed all patents and they protected across 140+ countries!
Every single OWCP patent has these two numbers, go to the links and find them. No one will do it for you!
Sorry missed to post the Apple patent link. Here it is
https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2009032750&recNum=2&office=&queryString=&prevFilter=%26fq%3DINF_M%3A%22CHAUDHRI%2C+Imran%2C+A.%22%26fq%3DOF%3AWO%26fq%3DICF_M%3A%22G06F%22%26fq%3DPAF_M%3A%22APPLE+INC.%22%26fq%3DDP%3A2009&sortOption=Relevance&maxRec=5
God! There is no such thing as a patent number on WIPO PCT. Go read the document I posted. There are publication numbers (starts with WO) and PCT number.
Example: look at this Apple iPhone patent from 2008-2009. It does not have such thing as patent number.
OWCP's patents are as protected as Apple's 1500+ WIPO patents!
This board is being provided by INCOMPLETE information to mislead investors. It is so easy to prove these claims wrong. First: it was claimed that OWCP's does not have patents, then it was told that there is no such thing as international patents, then it was told that they do not cover US, and finally by playing with words, it is claimed that OWCP's patents are applications only because they are type A1...
I will clarify all of the above and I will do it by providing complete information from WIPO. If anyone wants to learn how to read PATENTS, now open your eyes. Here is WIPO's guide for using patent information
http://www.wipo.int/edocs/pubdocs/en/patents/434/wipo_pub_l434_03.pdf
1) First go to page 5 and you will see that there is such thing as INTERNATIONAL patents. Claim #1 proved WRONG!
2) Then go to page #9 and see "designated states" section. Go back and look at OWCP patents and you will see all the countries it is covered including US. Claim #2 proven WRONG!
3) Then go to page 9 again and read "Document Kind Codes". There are only 3 codes: A1, A2 and A3 and they are only to distinguish the type of application: A1 is the best by the way!
A1 denotes an international application published with the International Search Report (ISR)
A2 indicates an international application published without the ISR
and A3 designates an ISR published with a revised front page
So it is all about how the application was done. Nothing else. Claim #3 proven WORNG!
Now, one needs to understand a few things. Patent application is a looong process. The IP organization need to do an extensive research to make sure the application is NOVEL, in other words no one ever done this before. And these people receive thousands of applications every month. It takes time to review. While they are reviewing they publish the patent (See publication dates on OWCP patents). Which means, when a patent is published, it is protected in all the designated states/countries. When the examination/review process finishes, the patent is granted. This is nothing but closing the loop.
So unless it is proven that OWCP's patents are novel, they are as valid as any granted PATENT!
Time to go to bed for me, I hope this helps everyone. Please do not believe incomplete information.
Go OWCP!
Alright my fellow OWCP'ers!
This is my last post for the night because I'm out of my 15 free messages. I believe I shed enough light on our SOLID patents tonight.
Now I gotta go keep drinking with my patent lawyer buddy otherwise he'll get pretty mad, LOL
Know what you own, and don't believe ANYONE without doing your own research...
OWCP! LONG and STRONG!
I sure can, EIGHT PATENTS!
One still does not seem to be an international one but all other seven are! And please, do not take my word, go look at each and every one of the seven links below. And compare them with Apple and Steve Jobs' WIPO patents to make sure:
1) https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2016199148&recNum=1&office=&queryString=FP%3A%28ONE+WORLD+CANNABIS+LTD%29&prevFilter=&sortOption=Pub+Date+Desc&maxRec=7
2) https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2016181394&recNum=2&office=&queryString=FP%3A%28ONE+WORLD+CANNABIS+LTD%29&prevFilter=&sortOption=Pub+Date+Desc&maxRec=7
3) https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2016147186&recNum=3&office=&queryString=FP%3A%28ONE+WORLD+CANNABIS+LTD%29&prevFilter=&sortOption=Pub+Date+Desc&maxRec=7
4) https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2016103254&recNum=4&office=&queryString=FP%3A%28ONE+WORLD+CANNABIS+LTD%29&prevFilter=&sortOption=Pub+Date+Desc&maxRec=7
5) https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2016098112&recNum=5&office=&queryString=FP%3A%28ONE+WORLD+CANNABIS+LTD%29&prevFilter=&sortOption=Pub+Date+Desc&maxRec=7
6) https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2016092539&recNum=6&office=&queryString=FP%3A%28ONE+WORLD+CANNABIS+LTD%29&prevFilter=&sortOption=Pub+Date+Desc&maxRec=7
7) https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2016084075&recNum=7&office=&queryString=FP%3A%28ONE+WORLD+CANNABIS+LTD%29&prevFilter=&sortOption=Pub+Date+Desc&maxRec=7
You are right for the first time, it wasn't CLOSE to being accurate.
IT IS ACCURATE!!!
Are you serious? So APPLE filed over 1500 WIPO applications for no reason? LOL
If anyone is holding APPLE INC. shares, SELL SELL SELL, it is a scam!!!
LMFAO!!!
Dude, I am having beers with a patent lawyer who works for Shell USA as we speak. Should I trust him or you? LMFAO
You keep copy/pasting this sentence over and over but you are missing two important part in that sentence:
First, it says "IN GENERAL"
Second, it says "country or REGION in which a patent is granted"
To figure out what is that REGION or COUNTRY is/are for a specific patent, you look at the "designated states". You keep ignoring (or pretending to ignore) this section in OWCP patents. Go look at them and tell this board what you see. If you can... LOL
Here are links for SEVEN, not ONE!
Just click on ANY and pay attention to 2 things:
Look at the priority date: this is date when the first local patent application was filed. All OWCP applications were first filed in US, do you see US in there after the date? And within 12 months PCT (international patent) was filed. So US application was dumped because it is not needed once you have the PCT
Second, look at the "designated states" section. This tells you which countries this invention is protected in. And please find US in all OWCP applications.
Once you're done with all the above, you have two options, shut up forever about patents, or keep trying to fool people here with false claims. Choice is yours!
1) https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2016199148&recNum=1&office=&queryString=FP%3A%28ONE+WORLD+CANNABIS+LTD%29&prevFilter=&sortOption=Pub+Date+Desc&maxRec=7
2) https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2016181394&recNum=2&office=&queryString=FP%3A%28ONE+WORLD+CANNABIS+LTD%29&prevFilter=&sortOption=Pub+Date+Desc&maxRec=7
3) https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2016147186&recNum=3&office=&queryString=FP%3A%28ONE+WORLD+CANNABIS+LTD%29&prevFilter=&sortOption=Pub+Date+Desc&maxRec=7
4) https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2016103254&recNum=4&office=&queryString=FP%3A%28ONE+WORLD+CANNABIS+LTD%29&prevFilter=&sortOption=Pub+Date+Desc&maxRec=7
5) https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2016098112&recNum=5&office=&queryString=FP%3A%28ONE+WORLD+CANNABIS+LTD%29&prevFilter=&sortOption=Pub+Date+Desc&maxRec=7
6) https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2016092539&recNum=6&office=&queryString=FP%3A%28ONE+WORLD+CANNABIS+LTD%29&prevFilter=&sortOption=Pub+Date+Desc&maxRec=7
7) https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2016084075&recNum=7&office=&queryString=FP%3A%28ONE+WORLD+CANNABIS+LTD%29&prevFilter=&sortOption=Pub+Date+Desc&maxRec=7
WIPO is NOT an ordinary organization, it is one of the 17 specialized agencies of the United Nations. And they claim that there are INTERNATIONAL patents and they do award them but you want people to believe you? LOL
The only thing you have proven is that none of your claims are credible, sorry. I have proven your patent claims WRONG over an over. Did you even look at WIPO's presentation.
Let me explain this provisional patent story once again for everyone. First please go the WIPO's presentation below and look at pages 8 through 10.
http://www.wipo.int/edocs/mdocs/africa/en/wipo_pat_hre_15/wipo_pat_hre_15_t_8_b.pdf
For a company to be able to apply for international patent by PCT, they first need to have a local application and then an international application can only be filed within 12 months. This is exactly what OWCP did. They made provisional applications with USPTO for all 8 patents and before the 12 month period was over, they filed with PCT to protect inventions internationally. And since they did not need to file a non-provisional patent with USPTO anymore, their USPTO provisional applications expired but who cares when you are covered internationally! Plus USPTO is NOT an international database, so it will only show applications filed in the US.
OWCP's smart move saved them lots of money and time because filing for non-provisional patent in US is expensive and and takes long. By converting US provisional patents to WIPO-PCT international patents, they saved a bunch of money while protection inventions across 148 countries.
So after all this information, I will admit that OWCP's inventions are not protected in Bhutan & Dijbouti, if you know where those countries are. If you wanna sell because of this, please do, LOL!!!
First of all, OWCP's all patents are protected in US. They do not need to be filed with USPTO because they are international. Please review my previous message and learn they types of patents and how filing for international patent is the smartest option for OWCP.
Second, looks like you have no idea what you are talking about. Clinical trials does not have to be conducted in US, period!
ALL OWCP PATENTS ARE INTERNATIONAL!!!
Do not believe any one who makes false claims about OWCP's patents.Please go to the following link to look at World Intellectual Property Organization's (WIPO) presentation on patents. They explain the whole procedure so clearly. And please pay attention to PAGE 11 where it says:
Filing one “international” patent application has the same effect as filing national applications in 148 PCT Contracting States
Here is the link to the presentation:
http://www.wipo.int/edocs/mdocs/africa/en/wipo_pat_hre_15/wipo_pat_hre_15_t_8_b.pdf
WIPO explains the advantages of PCT application as:
- One application has the same effect of filing patent applications in 148 countries
- Postpone the major costs associated with seeking patent protection internationally
All OWCP patents are filed with PCT and protected across 148 countries including US. You can simply confirm this by looking at the "designated states" section of the patents.
OWCP management is so smart that they protected their inventions in 148 countries with a single application for each inventions!
FALSE! There are three types of patents: Local, regional, and INTERNATIONAL. I would like everyone to go to the following link to look at WIPO's presentation on patents in general. They explain the whole procedure so clearly. And please pay attention to PAGE 11 where it says:
Filing one “international” patent application has the same effect as filing national applications in 148 PCT Contracting States
Here is the link to the presentation:
http://www.wipo.int/edocs/mdocs/africa/en/wipo_pat_hre_15/wipo_pat_hre_15_t_8_b.pdf
WIPO explains the advantages of PCT application as:
- One application has the same effect of filing patent applications in 148 countries
- Postpone the major costs associated with seeking patent protection internationally
All OWCP patents are filed with PCT and protected across 148 countries including US. You can simply confirm this by looking at the "designated states" section of the patents.
All R&D companies are "maybe" companies at one point. OWCP was also a "maybe" company around September-October 2016. But it is now a MOST PROBABLY company.
The progression of PPS is a good indication of this progression. Company kept all of its promises so far. Product development consistently and successfully hit key milestones. And amazing things are just around the corner.
Investors have done so much DD on this company over the last 7-8 months and there is a very high confidence in the management. This is why many longs don't sell after seeing seven figure profits on their accounts. We know that we have just seen the tip of the iceberg with OWCP!
To you too! OWCP! Long and Stronger than ever!
When I look the chart, I see a huge gap to be filled...
Between $3.25 and $10!!!
Go OWCP!
I will need the highest SPF out there cuz there will be lots of burning :))
What a strong close!!!
OWCP is heading back to $2 and more!
This time in a much better and stable way.
Every long will get burned...
on the beach after this hits $10 and above, LOL!
WRONG and WRONG!
They have $2 million in cash as of today for operations. $1.6 million of this came from recent restricted share offerings.
They do not do PRs. They do 8Ks.
Any other unsupported claims?
Go OWCP!
Afternoon run has started!
Go OWCP!
Your arguments are consistently flawed. Pure R&D pharma companies typically have no revenues and almost no tangible assets at early stages. Their valuation comes from product pipeline and potential market sizes.
The revenues do not mean anything even after years of existence. Look at GW and explain this board how a $13.4m revenue, more than $100 operating loss company can be valued at $3.2+ billion value!
It is lunch time and this is typical. Volume after 1pm should drive PPS back over 1.50 and possible to 1.75
I'd rather hold and make millions in weeks than a few grand in 30mins :)
It is unusual because OWCP is doing it for the first time, LOL.
OWCP is the next OWCP!!! LOL!!!
Scare tactics don't work here, sorry :) Longs did not sell at $3, do you think we will even think about selling at these levels... SMH
It was already tested on Friday, we will test $2 resistance tomorrow IMO!
Everyone, I'll give you a simple example to clarify this "provisional" patent thing. Let's say I come up with a unique idea, say a pillow that puts you to sleep. I have not developed the pillow yet but I want to protect my idea. In order to be able to protect my idea, the only thing I can do is to file a provisional patent application. Until I develop the product and prove that it works, my provisional patent will protect my invention from others to steal and develop it.
This is exactly what OWCP did! We all know that the psoriasis cream is not proven yet (although we ill know it pretty soon), same as the condom, the PTSD treatment, or any other thing OWCP is working on... OWCP management did the best thing they can do to protect these ideas until they actually have the product ready. They actually did something even better. Rather than filling for only US or Israel, they filed international patent applications!
Go OWCP!
You are WRONG, AGAIN! Ok here are answers to all of your questions and for the benefit of all posters:
- There is such thing as INTERNATIONAL PATENTS
- OWCP Patents are not only PCT applications, they are also filed through WIPO (see WO numbers on OWCP patents). I am sure you have no clue about WIPO because you had no idea about PCT either yesterday.
The World Intellectual Property Organization (WIPO) is one of the 17 specialized agencies of the United Nations.WIPO currently has 189 member states,[2] administers 26 international treaties,[3] and is headquartered in Geneva, Switzerland. WIPO was created in 1967 to encourage creative activity, to promote the protection of intellectual property throughout the WORLD.
- Once you have a patent application on WIPO or PCT, you do not need to have a USPTO application if your patent's "designated states" cover US, which for all OWCP patents cover all US states.
- Every patent application costs money. OWCP's smart management did all patent applications internationally so that they do not have to spend much more money patenting inventions locally.
- OWCP does not have non-provisional patents yet because the inventions they patented are still going under research. Once efficacy results are done, they can file for non-provisional patents. For the time being, the smartest thing they can do is to protect inventions by provisional patents.
- Of course these international patents won't show up on USPTO because they are different databases. Similarly, a US patent will not show up on WIPO, PCT, or Patentscope, etc.
- This does not mean the patent is not protected at those places. You basically open up the patent filing and read "designated states" to see where it covers. THAT SIMPLE!!!
I can't believe we are still discussing this. I proved with facts from the actual OWCP patents that they cover all US and many other countries all around the world from Asia to Africa to Europe. Go read the actual patents and you will see their coverage.
All I can say is that I personally investigated OWCP's patents. Not recently. Back in late September, early October 2016 before I bought over a million shares. Oh and FYI, my best friend is a patent lawyer. So I made sure to run all this information through him. So if now someone tries to throw false information, I will prove them wrong with the link of an eye!
Go OWCP!
You are referring to a generic wording from a website, I am referring to the actual patent and the listed "designated states/countries" on it. Which one do you think more credible?