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Sorry is of course my opinion that 0.50 support area it will not be touched again and 0.70 yesterday it has become second support in a short term bullish pattern: today action will clarify if I am right.
Marine I like your post, however I think you miss the chart analysis that can clarify you what MM are doing and how long they can do it: looking at the chart OWCP has a clear
Long term bullish trend while mid-term was in downtrend since the oversold 0.50 area.
The bounce to 1.20$ came then creating a short term uptrend again that is in line with the long term: here we are now in the conflict area between Mid-term bear pattern and short-term Bull and that's were MM played yesterday with panic and unclear territory . Don't expect it to be long since OWCP only need a consolidated Green daily candle (that can easily start from 0.70 support area) to confirm the short to mid term change bear to bull trend That will clearly change completely the vision and perspective chartwise on OWCP.
I expect clarity on scientific results on Psoriasis for efficacy to come soon enough and make that difference
Add 2 or even 3 dollars to your numbers and you will get a taste of something g real
I tried to clarify it in the post that had been sticked.
Regards
Not true: this is only the difference between AS and OS not what will be sold at all
Well selling less than 2M$ in shares in Q1 2017 when the price was well above 1$ show me their good will of not adding any.
In addition considering their low cost of operation of 2M$/year at rods price the so called shares to be sold to market will have no impact on Share Price imo.
I bought in just at 0.018 after the huge dip in Mid March and sold on 0.036$ since the chart looked to double top and go down again as it is doing;
Let's see if this can hold the support in 0.015-0.020$ area.
Good luck to longs
I am out of this company since they have no other solution than selling shares: did some money from subpenny to penny run, however when we went back below 0.01 the PS destiny was clear.
Good Luck to Longs
No dilution: this information is FALSE
With this amazing 10k?
No one is scared, reversal will be brutal we could close above 1.50$ today instead!
Right 10% of OS in 6 Months and they even did s lawsuite for this "extra" dumping!
It is not much don't you see?
Dear Mod,
In my last post I tried to clarify the Annual Report for Shareholders and in particoular the Psoriasis studies, what has been completed and what has yet to Start.
According to the positive replies I had it seems it could be of great interest to stick it.
Could you do it?
Best Regards
Alex
ANNUAL REPORT CLARIFICATION FOR SHAREHOLDERS:
1)
Page 5: Don't get confused by the OWCP already done Psoriasis study (where efficacy results are imminent) and next deeper and extended studies planned from April: "On February 1, 2017, following the very encouraging results that have been achieved at the mid-point of the Study, the Company determined to extend the size and scope of the Study for the purpose, among other things, of checking the biological markers that have been generated to date with respect to the treatment of psoriasis (proliferation/ inhibition and several interleukins). Despite extending its size and scope of the Study, the Registrant expects to compete the Study during the 2 nd or 3 rd quarters of 2017."
The study already done is confirmed in page 36:
"We have been conducting a study on the efficacy of the cannabinoid-based topical cream for the treatment of skin conditions generally and psoriasis specifically, which commenced in November, 2016 "
While the extended study to start in April 2017 according to previous 8K is the safety phase and identification of biological markers useful to identify potential other application of the cream (Skin Cancer imo):
"We started safety phase at the hospital by this month, April 2017, and already planning a unique multi-center efficacy study. This is the natural development of the next generation of safe and tested cannabinoids treatments"
2)
Page 5-6: Multiple Myeloma Amazing News for Shareholders is here:
"Dr. Leiba led our in vitro studies on the effect of a formulation comprised of Cannabidiol (CBD) and tetrahydrocannabinol (THC) on multiple myeloma cells studied outside their normal biological context. The results indicated a 100% mortality rate of myeloma cells in 80% of the cultured cells within a 24 to 48-hour period, and highlight the potential abilities of cannabis oil extract to fight multiple myeloma cancer cells. We believe that the results of this study indicate a potential to develop a more effective treatment for multiple myeloma than standard therapies."
"Expect to submit a clinical trial protocol to the Israeli Institutional Review Board and received its approval to commence a clinical study"
"Intend to commence a clinical study in the third quarter of 2017"
3)
Notes on competition page 7: For Psoriasis they aim to attack Big Pharma market and they are well aware of current products and thier limitation:
"The current common treatments for psoriasis include topical and systemic drugs, steroids, immunosuppressive drugs such as Cyclosporine A (by Novartis), methotrexate or MTX and biological drugs such as Enbrel (by Amgen), Amevive (by Biogen but whose patent expired in 2013) and Ustakinumabn (by Janssen Immunology)." This is excelent Marketing strategic approach;
4)
Page 8: Provisional Patents are listed in report, can be downloaded through reference number and are real! They are extremely well written in a professional way and full of interesting claims: when needed (close to deadline) they will pay the service fees and transform them in Official US Permanent Patent; Why to do it before if the provisional is free of charge? Smart approach;
5)
Page 12: CERTIFICATION and FDA approval all diligently work has been done according to standard: "
Israel’s Ministry of Health, which regulates medical testing, has adopted protocols that correspond, generally, to those of the FDA and the EMA, making it comparatively straightforward for studies conducted in Israel to satisfy FDA and the European Medicines Agency requirements, thereby enabling medical technologies subjected to clinical trials in Israel to reach U.S. and EU commercial markets in an expedited fashion. Many members of Israel’s medical community have earned international prestige in their chosen fields of expertise and routinely collaborate, teach and lecture at leading medical centers throughout the world. Israel also has free trade agreements with the United States and the European Union."
6)
Financial page 47: OWCP company costs are low, 2M$/year despite improvements on multiple studies e.g. Psoriasis efficacy results announced in previous 8K;
7) Annual report page 46: Dilution is not an issues, AS stable at 500M and OS~140M, OWCP is a LOW FLOAT: Confirmed Financing few Million dollars needed for 2017 will be just a sale of few millions shares, therefore FEW PERCENT OF CURRENT OS: NO or NEGLIGEBLE DILUTION;Financing for 2017 is therefore not an issue;
8)
Page 66: Subsequent Event: even in 2017 in the quarter not covered in the report and in the past two weeks (also when the price reached 3$) the Company didn't start dilution and sales of massive quantity of shares: ~1.7M$ sold to cover operation and expansion: Good Faith of the company working for MEdicine and Science and not for Money;
ANNUAL REPORT AMAZING NEWS ON BLOOD CANCER 100% MORTALITY RATE OF MYELOMA CELLS:
IRB APPROVAL PROCESS BEGIN AND CLINICAL TRIAL TO START IN Q3
"Dr. Leiba led our in vitro studies on the effect of a formulation comprised of Cannabidiol (CBD) and tetrahydrocannabinol (THC) on multiple myeloma cells studied outside their normal biological context. The results indicated a 100% mortality rate of myeloma cells in 80% of the cultured cells within a 24 to 48-hour period, and highlight the potential abilities of cannabis oil extract to fight multiple myeloma cancer cells. We believe that the results of this study indicate a potential to develop a more effective treatment for multiple myeloma than standard therapies. Based on the results of this pre-clinical study, we proceeded with further pre-clinical studies (safety and toxicity, pharmacokinetic, and pharmacodynamic) of our formulation."
You should all long read the posts from Issacson and what people talk in Israel:
Issacson on February he anticipated the Efficacy results and even the exact date of the news on 20March well before it happened: This happened since he lives in Israel and had connection with Sheba doctors.
The most important thing is he anticipated that right now MOST TALKS IN COMPANY ARE ABOUT Upliating TO NADAQ AND BRINGING THE PPS ABOVE 5$ : those are the talks in TELAVIV STOCK EXCHANGE on OWCP
Annual report is showing AS to 500M and OS now up to 220M through convertible notes. However there is no big dilution and a thing I like is that top management removed their compensation until cash flow of the company is improved.
Management is hoping for the best and BELIEVING IN TECHNOLOGY.
If the goal was to raise money through shareholders they could have increased to AS to 1B which is common in penny stock, instead they just increase the OS to pay the cost of operation and R&D And Patents and others.
Annual report is overall showing professional company and management in a very innovative and emerging sector as bioelectronic medicine.
We need now updates on Immunotronics latest test results in Q4-2016 to make our road backup.
My personal company valuation for 2017 assuming test results are proven positive is:
PPS 0.35$
Market Cap ~70M$
ENDV LONG
Hi LJ I expect some of the following updates in 10k or before End of Month:
) prove of no dilution as in the last two quarters;
2) News of Revenue/deal forecast by Countries interested in our Psoriasis cream;
3) Efficacy results and scientific details with data for our Psoriasis Cream: BREAKTHROUGH IN MEDICINE; (maybe separate PR;
4) Extended study on other skin disease that could be cured with this same Cream: possible skin cancer;
5) Multiple Myeloma update on last year promising preclinical test
6) Sublingual Table current status: possible application for Migraine and PTSD disease and product launch plan;
Sorry man don't know all answers, just believe since they asked a delay to SEC that they were not ready and that annual report was in review phase: 15days of delay according to SEC is today so I am not stressed and believe it will come out within today or tomorrow at latest. Good luck
Not agree; they don't publish 10k when the stock need it, they publish 10k when relevant information to put in are ready!
In addition after Last week run up 1 or 2 days of RSI reset and consolidation of recent movement from oversold territory is just good before 10k diligently prepared come out to sustain strong movement toward 2$
As I supposed this shows OWCP strong will to RAISE MONEY FOR SUPPORT SHARE PRICE TOWARD UPLISTING
OWCP NASDAQ
Monaco Growth Forums very well known in Europe headed in Montecarlo shows OWCP strategy to help spreading to rich investors in Europe about OWCP and raise money to bring OWCP to uplisting and NASDAQ compliance thanks to amazing breakthrough scientific results to be published on the cream.
OWCP Billion $$$company work in progress
Even if I consider this s long term inversement and planning to hold, which is the best strategy to guarantee the gains in OWCP, I truly believe (my opinion) 10k will contain important updates and considering the chart pattern in the short term in the last few days, This could repeat the January single day 100% move above 2$: scientific explanation of the efficacy results of cream of what exaxtely 70% means for patients plus revenue estimation could do this.
This what I believe
Chartwise, Buying at today 0.90 price you risk 30% down to 0.60$ support , while reward is possibly up 52week so 250% to 3$.
Instead waiting to buy at 0.60 considering, 10k is due on Monday, you simply have extremely high probability of missing the bullish next leg up to blue sky.
Bad strategy imo
Did you still pretend me to mark your post, or you add one dollar to your buy order?
You see it.
I don't.
Hint for a better view: monday is the latest day for annual report release according to SEC rules in case of announced delay, OWCP is in great shape, see last PR, and amazing news will be announced; sharesholders with connection to insiders confirmed the company is releasing it.
Wow you second post on OWCP and you came with this
<<none was approved.. lol>>
If confirmed it is an anticipation that is worth millions of dollars agree?
please read, study deeply, past quarter costs, opex, debt and future financing strategy, cream efficacy results and patent (hundreds of pages and claims)company strategies, IRB APPROVAL, MEDMAR and financing non-bearing interest from key partners, scientific publication in international review, university connection, cancer study potential( Camerino Italian and Spanish academic research from universities and company background), future medical studies, distribution plan on Germany and Medical Cannabis countries in EU, US MARKET strategy to outcome the missing Federal approval, Israel partnership, Skin cancer leaking news through deep forum key stakeholder analysis, and 10k news release, chart analysis around subdollar and 0.50 dollar psychological support for investor, 1$ resistance of a penny going to NASDAQ; well we could discuss about any of these points....
I did at 0.02-0.05 as many longs like me that are close to retirement at young age holding 20-50 bagger worth millions of dollar thanks to OWCP did and ...not selling before Nasdaq(>4$) and Revenues (est.>100M$) comes but the main mistake of yours is pretending to teach before learning.
Gary thank you, this post shows the experience and knowledge of a true long term investor and the extremely bullish potential of OWCP for the years to come.
Many long term holders understood OWCP is s Billion Dollar company in the years to come, therefore NASDAQ and PPS above 5$ is absolutely a possibility as fair company value which means that a run to 10$ during hype trend is also s short term possibility.
In addition from your calculation on the cream ( the first estimation during a company estimation months ago was 2-3M$ monthly income) the other important reason while I am LONG OWCP is because I truly believe the preclinical study on Multiple Myeloma with mice and the powerful results of THC-CBD acting on reducing/stopping acceleration on cancer cell could make OWCP a revolution for medicine well beyond Psoriasis.
Gsobes here is few points you should reflect:
1) Pull back and consolidation after 70% day gain sometime is good and can prepare the next (HUGE) leg up
2) Next leg up it will be triggered by annual report which is due at latest Monday
3) Dont come to tell who is right, the news can always come BEFORE Monday. it will just show your lack of patience as a trader.
Dont you think we need to wait at least the EOW?
4) this stock will no go any lower
OWCP MONSTER 3 DIGIT MOVEMENT NEXT WEEK
Depend on your time frame, seem to me you are day trader, for long term holders with fondamental understanding about cannabis potential cure for Psoriasis through the cream (OWCP discovery), this i1.20 is a mid o long term good entry for the run to 5-10$!
Especially considering the 10k is out after hours.
I personally bought hundred of thousands at pennys
OWCP LONG
I knew it too!!!! NEWS AFTER HOUR
PERFECT TIMING OF THE NEWS ON LAST DAY !!!
SHORT SQUEEZE OM MONDAY PLUS CHART UPTREND CONFIRMATION AFTER TODAY CONSOLIDATION!!
NEXT WEEK 3$
OWCP 3$
I think this pull-up is good it willl cool off the chart and so next week with Market open and 10kp'id news in the weekend is a perfect next leg up to 2$ especially considering that now is so thin up to 1.50
OWCP LONG AND STRONG
Agree one 10k released this volatility should be drastically reduced and climb with long uptrend established for real to 10$
Last day for release 10k is monday 17
NEWS ARE COMING TOMORROW REAL LONG SMART MONEY KNOW IT!!!!
Nice to have you in, boiler!!!!!
OWCP Moves to new highs $$$$$
Amazing to see that even if the cream is not yet released, it is already mentioned for patients and potential clients on NON-FINANCIAL website and through the medical community!
OWCP BUILDING ITS FUTURE
https://psoriasisnewstoday.com/2017/04/11/owc-cannabinoid-based-topical-cream-psoriasis/
Ok thankful you from s pure software chart analysis point of view your previous email makes sense.
I will have a look st this SW then
You didn't consider any fondamental and you define it s PnD with no fundamental analysis only based on chart?
10M$ Volume yesterday?
Even chart wise your analysis Iack from many points for example you talk about support\breakout at 0.21 and you NEGLECT to mention that from the subdollar movement to MULTIDOLLARS the 0.50 Theoretical Support WAS STRONGLY TESTED AND HELD FROM A DOWNTREND IN TWO OCCASIONS with HIGH VOLUME AND ALSO AT DISTANCE OF MONTHS,creating a TRUE DOUBLE BOTTOM AT 0.50 Area support psychological level that grants this is no more going to pennys.
Just surprise you didn't recognize the difference between the other penny you mention and real company like OWCP
I very much appreciate Gary DD and in particular this post about future long term revenue forecast !!
Thanks you!
You see it?
Strange cause on a 10,000,000$ High Volume day insiders they don't have such money here, since this is REAL COMPANY managed by SCIENTISTS and not financial guys.
In addition to your comments on patents, tell me why you so desperately address the issues of the provisional application and not the more important CONTENTS of the PATENTS (which I downloaded) which contain more than 50PAGES each with dozens and dozens of SERIOUS CLAIMS which proved the GOOD WILL of management to file permanent once they have enough money and BEFORE APPLICATION EXPIRES.
LAST thing you didn't notice is
THE EXTREMELY LOW GENERAL COSTS PER QUARTERS PROVEN IN LAST 2 YEARS OF OPERATION by OWCP, proving a VERY RARE THING IN OTC the interest in NOT ITAKING CONV. DEBTS just as ATM (like many pennys ) but only small amounts when needed to finance AMAZING BREAKTHROUGH MMJ RESEARCH.
OWCP LONG AND STRONG GROUNDFLOOR IS HERE NOW