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Yet no yield sign. No notices. Found out QBs can get as much as 180 days from the time of SEC notice but again no notice and not on any warning list.
Honestly, I wish it was 30 days.
Actually, 24 million, with the 23.5 million they already had, he would definitely be there. Defex and the vice chair are 18 million. Might have offered preferred convertibles in the new combined company, after closing. That would also explain why Defex wasn't listed on the S-1 and why he was given director of international role.
Need to get it done already though.
Was looking at Isiah's 13D again. This item may be a big part of what has been happening over the last several months. It would explain the quiet and also all the block trades we saw from 200k-500k. With only 28% I had suspected that Isiah may have been having issues from the inside as well as external conditions to do what he wanted to do here. If he has gained majority control then he could now bring in Isiah International on his terms, which I really believe is his plan. Regardless if that is what he intends or not, a majority holding would change the dynamics. This would become a fully owned subsidiary of Isiah International and would open up financing options dramatically.
Item 4. Purpose of Transaction.
The Reporting Persons acquired the securities of the Issuer for investment purposes. The Reporting Persons may from time to time review and consider various alternative courses of action for maximizing the value of their investment. Such alternatives may include, among other things, the acquisition of additional shares of capital stock of the Issuer on the open market, through privately negotiated transactions with the Issuer or third parties, by a tender or exchange offer or otherwise; ...Reporting Persons may engage in discussions with the Issuer, other stockholders of the Issuer, and the Reporting Persons’ advisors, concerning the business, operations and future plans of the Issuer, and strategic alternatives for maximizing stockholder value.
I think most believe something substantial is taking place. If they didn't this would not be holding up as well. Lots of bread crumbs.
$OWPC
Well, the share structure has been updated with no changes. I'm not sure how you have 40+ million in unrestricted shares but only 15 million in the public float. Even if an insider, Thomas/Isiah International arranged and bought commons to get to a majority holding wouldn't those shares technically be publicly tradeable?
Outside of updating OTC T/A is gagged
IR won't respond
The company won't respond
Spent a little time looking at other companies that did not meet the NT deadline. All were hit with a delisting notice by the 19th, with 30 days to rectify, yet nothing for OWP. Got to believe that SEC/FINRA has been made aware of whatever the situation is here and is giving leeway.
Guess we just wait and see. Fortunately/unfortunately OWP longs are well practiced in waiting.
Rooting for a fat 8-k before a 10-k.
#OWPC
Someone correct me if I'm wrong but there are only a few actions that can reduce a public float. A share buyback, which has to be disclosed including price point, a reverse split, which also has to be disclosed 21 days prior, and a large stake acquisition.
A reason for late filings as well, especially from a normally compliant company, is being in the middle of a large corporate action.
ClearThink Capital... your trusted transactional advisor.
I like IINT.
You can't reserve the symbol though, it's already reserved, even though the last company to have it went defunct in 2011.
Keep the dream alive! hahaha Seriously though what the hell is going on?
$OWPC
Production for new model automobiles begins a year and a half before the release, usually in June/July. The average time to get a facility GMP certified is 6 months. Carbon credit certification is 6-9 months.
All those timelines work for "ramping up operations".
Stellantis rolled out plans for almost 100 new EV models beginning in 2025. Isiah stated that the anticipated raw material needed would be 30,000 tonnes by 2025 for Stellantis alone. A couple of things caught my attention with Stellantis' announcement. One was that the vehicles would be 25% lighter. Hemp plastics are lighter by that percentage but even more so when replacing carbon fiber with hemp fiber which can be as much as 40% lighter, this while actually increasing strength. The other statement was that the production materials would be sourced from sustainable materials.
Thomas stated that the carbon credits were coming from the same companies that OWP would be supplying. He mentioned Stellantis but also Ford and Chevy before that. Then there was this statement, which almost sounds to good to be true...
"Add these facts with our natural ability to cultivate three harvests per year in Colombia, we are very excited about the future of our Company and improving the lives of millions of Afro-Colombians and indigenous peoples," added Mr. Thomas. "As we continue to scale our operations in-country, we estimate that we should generate hundreds of millions of dollars of revenue per year from the sale of our carbon credits, excluding any revenue generated from actual sales of hemp products to customers."
Almost to good to be true but actually feasible with the amount of land they now control combined with the current value of carbon credits.
A company like Stellantis kills 2 birds with a company like OWP. They can meet EU carbon regulations while also getting what would no doubt be a good price on materials.
They are going to need substantial capital to get this going. I don't see Isiah using this S-1 as the source for start-up capital, not at these prices. The price set on the preliminary S-1 is in agreement, set at over .50. They have been way too protective of the share structure to implement at this level, IMO.
My guess is that we are going to see some action on the carbon credit front before an operational ramp up which I do think will be within a month and a half.
I wonder if Defex established a GMP facility in Malta. It was in January of 2020 that he was commissioned to do so.
WHEREAS, SOLID BRIDGE has the rights for development and ownership for a transaction involving a CMP/GMP facility/laboratory in Malta, and has the ability to have certain licenses issued with respect to the facility.
He was looking to set up a distribution facility to supply the EU.
The original intent was to import raw materials, process various OTC products, and distribute them.
Cannagistics may have gone under but they were paying Defex $12,500 a month to set up a facility, which he would own, for several years before their bankruptcy.
The only public ownership was CNGT and OWPC so it was obvious who the intended supplier would be. Because assets from CNGT were essentially transferred to EMGE, with Jim Morrison, former Loreal president, as CEO, there is still a potential connection for OTC products to be processed and distributed for them through that company.
Maybe they are done shaking the tree finally. Sure has got the someone knows something feel this morning.
I was under the assumption that the hemp was mixed with the other compounds before being sent to a form manufacturer, but if it's just pressing, then yeah, I would think it's in-house. Not sure how it works.
Cannopy Corporation is dropping huge money on manufacturing plants to process hemp for plastics, building materials, feedstock, etc.
This market is coming alive.
Thomas said they were looking to make their pellets in South America before export. A big competitive edge in cost both in the hemp and in the manufacturing cost if that remains their plan.
Love seeing more buzz around industrial hemp products.
The CBD and THC markets were oversaturated, but industrial is just getting started.
$OWPC
Me and a friend looked at a hemp farm in North GA several years ago. They were selling 30 acres with a small certified lab. They gave an option to keep the processing equipment or lease it. That is the kind of situation I was thinking this could be, minus the farm. I think it would make certification much quicker.
The earlier announced partnership between the two companies would make me think there is a good possibility.
The question would be if they are ready to produce? They said this other facility they moved into met GMP requirements without the needed upgrades of the original lab.
I wondered at the time if this may have been an already approved facility and would just need final approval once the extraction equipment was installed. If that is the case they could be ready to go. Otherwise, I figured Juneish before they would be ready.
Pressure Bio just released a PR saying that they will be supplying a CBD company with nanoemulsified CBD oral spray for distribution. Obviously, they are not in the cbd growing business. Wonder who their supplier will be?
Good to see the auto parts engineers with them. Wonder if anyone from Flex-N-Gate is in that bunch.
I thought that the original investors, Solid Bridge Investments, may have been liquidating their 7 million. I came to that idea just trying to make sense of the seemingly endless big block selling. I went back to the recent 10q and noticed they were not listed, only the current insiders over 5%. Since then I have gone back before the last 10k and realised they never listed them on the 10qs. Have to wait and see what the 10k says, I guess. I really think this is just being worked down with intention, like many other OTC stocks. The rich get richer.
TA updated, no change. Despite how it feels, the only shares added in the last year and a half were 1.3 commitment shares added in Oct and the recent restricted shares, which can not be sold for a minimum of 6 months. There are no convertible shares under .15 and no warrants under .13.
MM manipulation. Just look at the digits of the block trades, all 5 and 6.
Getting closer here.
That write-up last week confirmed the wheels are still turning, just a .after of time.
I don't know what time they start talking about OWP, think it's fairly close to the start though.
https://thestreetreports.com/pbio-ceo-ric-schumacher-discusses-stock-price-company-updates-and-positive-forecast-on-the-street-reports-podcast-listen-now
Funny how when the T trade is above the closing price they don't change the price but when it's below they do. 6-digit buy. They are working over many OTC stocks.
Listened to the CEO of Pressure Bio yesterday. He had some great things to say about OWP. He seemed very impressed with what they are setting up in Colombia. He talked about the sports drink they are developing, said in addition to CBD there are going to be other molecules essential to recovery also made more bioavailable. Worth a listen.
$OWPC
A substantial issuance. Over 4% of the outstanding. Being restricted is insider/employee based.
I like this reason...
Insiders are often awarded restricted shares after a merger or other major corporate event. The restrictions are intended to deter premature selling that might adversely affect the company.
https://www.investopedia.com/ask/answers/061515/what-are-restricted-shares.asp#:~:text=Restricted%20shares%20are%20unregistered%2C%20non-transferable%20shares%20issued%20to,sale%20is%20usually%20restricted%20by%20a%20vesting%20schedule.
Of course, many more likely reasons but I'm sure anyone reading this who knows me knows where my head went.
Should be an 8k coming.
$OWPC
Time to start thinking about what kind of news puts this above .50. That is where the PPS is set as the minimum in the preliminary S-1. Not only would it have to be above .50 but remain above .50 to avoid further amendments.
What happened right before the S-1 was Isiah International PRing business developments on behalf of OWP, a doubling of the B preferred shares (new shares still untapped), and an address change to just a couple of miles from the Isiah Internationals office in Miami.
It had all the appearance of a business combination to me and a reverse merger made more sense than II simply acquiring OWP based on the valuation of the S-1. Then it went silent. The company said it had not made a decision on the timing of recapitalizing the company, one of the directors stepped down, the address came back to Nevada, and Isiah stated his intention to invest another $500k.
Cold feet? Maybe some kinks to work out with anti-takeover protections?
I don't know but I do know Isiah has not bought more preferred shares yet so I have to wonder if he is rethinking his rethinking.
If what Isiah has stated about the commercialization of the carbon credits, by the companies they will be supplying, ie Stellantis for one, and that these credits hold the potential of 100's of millions in operational capital, also stated by Isiah, then what need would there be for this S-1 at all? Insurance against the regulatory expenses involved in having Isiah International as a public company was my guess. Much more auditing and filing expenses.
Now Clear Think is engaged and their main theme is transactional advisory, SPACs, mergers and business combinations, partnerships, and acquisitions.
I don't think they even mention IR services on their home page. Though the services are listed under growth capital it does not at all appear to be their primary focus.
https://clearthink.capital/
Clear Think offices are about 45 minutes from the Isiah International Miami office.
Still listing Isiah International in OWP PRs, why?
$OWPC
Finally! Looking forward to what is next. Many of us long haulers have been expecting a big push coming. A new IR is our shot across the bow.
I like the "ready to commercialize" line.
OWP PRed the commercialization of the carbon credits in June of 2022. Developing and registering a credited project usually take 6-9 months so the timeframe would be suitable. They also said in November that they were expanding the commercialization and Isiah noted that the credits would be coming from the same sources as who they would be supplying, ie Stellantis, but also possibly other automakers as they have talked to several.
Production for the 2025 models will begin in June-July. Interesting that Stellantis shut down a substantial parts production plant last fall for the Jeep line. It was Jeep prototypes that Isiah posted pictures of with FlexNGate last year.
Just a reminder of one of my personal favorite statements from OWP...
"As we continue to scale our operations in-country, we estimate that we should generate hundreds of millions of dollars of revenue per year from the sale of our carbon credits, excluding any revenue generated from actual sales of hemp products to customers."
https://www.prnewswire.com/news-releases/isiah-international-and-one-world-products-take-next-steps-towards-commercializing-its-carbon-credit-opportunities-301564155.html
Isiah has stated his intent is for whole plant utilization. I am wondering if he didn't intentionally delay the CBD side of the business until the industrial side was ready, using the time to line up sales channels in preparation.
I think patience is about to pay off big time here.
$OWPC
The thing that makes it hard to access this is the involvement of Isiah International. They are partnered to develop and supply for Stellantis, they are partnered in control of the 1.2 million acres, they are partnered on developing and commercializing the carbon credits, and they are a private company that doesn't have to disclose anything. We have no idea what is going on behind the scenes.
Obviously, Isiah has a vested interest in the success of OWP. $3 million at $.15.
The share structure, with the exception of the commitment shares last fall, hasn't changed in a year and a half.
Gotta believe more is happening than what we are seeing and there is a reason for it.
The wait has been brutal but I still remain optimistic here.
Plastic Additives Market Worth USD 75.20 Billion by 2028
Latin America: The Latin American plastic additives market is driven by the growing demand for plastic products in various industries, such as packaging, construction, and automotive. The market is also influenced by the increasing adoption of environmentally friendly plastic additives.
Use of sustainable raw materials: The plastic additives industry is increasingly focusing on the use of sustainable raw materials such as bio-based feedstocks and renewable energy sources. This is driven by the need to reduce the environmental impact of plastic additives and create a more sustainable industry.
https://finance.yahoo.com/news/plastic-additives-market-worth-usd-055600993.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuYmluZy5jb20v&guce_referrer_sig=AQAAAGuIvD-b7SNiZk8UkbAUDHqGowwFajNu6dKrkRNt5q9gThVk6ZxILtVOiwG5M89FJdzN0pbbPGekekVG_lZWm9xa6ibSdh2-UXUoci498WZEKUEg3yra4GDOeM2gVEhMZ1a5tjowyd3ILubmfeZ56-IX2AnUMCFjEGoDTEt6FbAl
If he has then he hasn't been fulfilling SEC requirements. Any purchase of shares by a company insider would require a form 4 and he filed each lot when he bought his original $3 million. I think Isiah's intent here is pretty clear. At the least, he wants full control of the company and I believe he has been considering bringing his whole business public through OWP. Either way, there are some blocks with the original investors. Anti-takeover clauses. I have to recheck but I know the A preferred holders have protections, one being full and fair value at the time of purchase. I believe those are equivalent to 6.5 million commons. The conversion price on those shares has fluctuated, not sure how that works but if it's tied into the PPS then there would be some incentive to keep the price down before an acquisition or reverse merger.
Isiah loves talking. The silence has been way out of character. Even in the interviews, he has done over the last 6 months he has avoided talking about OWP. In the last one, when he was asked what he was working on, he just said hemp plastic and laughed, then changed the topic.
Maybe he is giving a little heads-up with that retweet, "big things coming".
I'd take small things, anything, just give us something already!
Well, share structure updated with no changes. Killed my little flicker of hope. I have never seen t trades like that outside of dilution. I'm going to be in Vegas for 10 days starting the 27th. I'm planning to visit the address while I'm there.
I set out to explain in simple terms and ended up more long-winded than Wikipedia. Just deleted 3 paragraphs.
I will be checking the share structure in the AM, they are updated every Monday. I am actually hoping to see some shares added. They have used shares to pay IR in the past and IR firms don't, maybe can't, hold shares in companies they represent due to the fact that they get information before it is made public.
Almost $40k with those 2 shares last week. That would seem to be in the ballpark for a 6-month subscription I think.
Lonnnnng overdue for some communication here. With that S-1 hanging I think many of us are expecting a blitz once they start talking.
$OWPC
Alright, 2 Ttrades in a row. I would have to think shares are getting issued for service. It would be great if this is a new IR firm because it would mean they are about to start talking.
No effective S-1. No qualified conversion price on preferreds. No eligible warrants.
One T trade, it happens, two in a row, new issuance in my experience.
Other than an IR they have issued shares to contractors in the past.
Rooting for IR and an 8-k.
$18,854 T trade. Haven't seen one of those in a while. I keep expecting a change in the share structure but the T/A, which is open, keeps saying no change. Someone is selling, obviously, but who is picking up all these shares? Not a word from the company in 4 1/2 months yet there is always someone there to pick up the sells.
I sure would love to know what these investors were sold on buying over $1,000,000 worth of shares at $.15 in October. Whatever it was, we sure seem to be left in the dark.
Despite the rumors, Mat Ishbia said he is not looking to hire Isiah Thomas....right now. Isiah was added to the board of directors of United Wholesale Mortgage a couple of years ago. It was a bit of a head-scratcher to me considering the size of UWM, 6.6 billion market cap, but evidently, Ishbia is a big fan. I'm sure Isiah was involved in the recent purchase of the Suns.
Gotta wonder now about Terry Buffalo being brought in.
If they did anything I would guess it would be with Emergent Health at this point. The whole product line was bought by them and being that Jim Morrison was set to be CEO of Pressure Bio, and now OWP has a partnership with PBI, there may be a connection with him. At some point, OWP added cosmetics in their description of who they would supply raw materials for so it could be a link there. Dr. Denise already has a line using hemp collagen and her and Morrison were looking at joining up not long ago.
There are many possibilities for OWP with very diverse end products able to utilize different parts of the plant. I really don't know WTF is taking Thomas so long. Flora started in Colombia well after OWP and is projecting 95 to 105 million in revenue for 2023. Kinda making Isiah look a little inept at this point, to be honest.
Solid Bidge Investments, Veronica and Mario, had 2 holdings OWPC and CNGT. They were also getting $15,000 a month to set up a distribution center in the EU through CNGT. They had over 100 million shares. All of that went away with a bankruptcy filing from Cannagistics.
The original plan, before Isiah, appeared to be that Cannagistics would be pushing wholesale for One World Pharma in the US and EU.
They got screwed bad over there and when you get hit like that panic, fear, and anger can take control, lead to liquidating everything.
Like I said they had 7 million shares here so even at .07 they would have been worth half a million, though I think they started selling higher.
Just my thinking on what we have been seeing over the last few months. All speculation but it makes perfect sense to me. It also makes sense to let them go now before attempting to push the pps for the S-1 and bogging down a move.
From no volume to $30k transactions. This shit has been going on for months. The only thing I can figure is that Solid Bridge has been liquidating. Remember they had 7 million shares and there was about that moved from restricted to unrestricted last year. Before the last quarterly report, they were listed as beneficial owners, above 5%.
Also, Raben steps out as a director in October. His experience is in brokerage and investment banking. Thinking maybe he wanted to trade, and pick up these shares, without conflict. ??
I don't know but this is surely not just retail. Anyone who's traded for a while should see that. Communication is dead. There is zero attention on this right now aside from what appears to be organized trades. That 440k trade didn't even show up on L2, it just posted. That's direct broker-to-broker.
I guess the good news is the shares are being taken, hopefully in the hands of someone with a longer mindset, maybe someone who knows a little something.
Preliminary S-1 is over 4 months old now. That's the longest I have seen one sit.
So ready for Isiah to make his damn move here!
What the ...? Who the...?
They did update the employee list, now 42. They still have Isiah listed as CEO as well but not on the main page.
Maybe you will have better luck finding any info on this guy/lady.
Did a little research on shipping data. There was an import to One World Pharma Ventures Inc. from Root Sciences in May of 2021 for 159,000. Then there were 2 exports to Germany in June of 2022 to 2 companies starting with OWP. Ventures and Products. Also, a gmbH was established as OWP venture services in Germany in 2022.
I'm guessing they were sending product samples from a smaller refining machine in preparation for the big guns.
We are going to get updated eventually.
$OWPC
Production for 2025 models begins in June. Hopefully, they will be a part of those models. We know they have the raw material capacity and a relationship with Flex-N-Gate for production. Whatever catalyst they have planned for this capital raise will have to begin soon to get the PPS where they need it to preserve the share structure. As protective as Isiah has been with the structure here my guess is that they will be looking to get the price above even the $.50 target stated in the S-1.
There are only a few things that would put us there, IMO. An acquisition, merger, reverse merger, or significant carbon credit.
There have been a whole lot of substantial positions taken over the last few months of radio silence. Many 200k to 500k, $16k to $40k buy ins. It does not appear to me that those are average retail buyers. It looks like this is been a 4-month shake.
1 8-k and everything can change.
$OWPC
They did a broad application license with Canopy CBD. Focused on wholesale/white label sales. This is the first beverage-specific deal that I know of. The bioavailability with UST is way beyond anything out there. Great test results from last year. The reduced molecules stayed in a nano state after an entire year. This was huge because the shelf life using other methods is under 2 months.
Pressure seems to have moved their business strategy from licensing contracts to partnerships in specific applications. Better for PB but better for any company partnering with them as they have a market edge not available to competitors.
Great move.
The fact that OWP didn't even PR it makes me suspect something more relevant is coming first. I think we are close.
$OWPC
Ihub lists the prices. You can see all the trades and prices. The last trade was .078006. The transaction was under the bid price.
No form 4's yet. Every time he purchased B shares in the past it was disclosed, as required by SEC.
He just retweeted an interview from yesterday. It was a 21-minute interview, no sports talk, and did not mention OWP at all, just Isiah International. In the last 30 seconds, the interviewer asked what he was investing in now, Isiah said industrial hemp, laughed, talked very briefly about the uses and that was it.
https://pod.link/1507824762/episode/0844f1126183086a5c79ef253bbc608e
Starting to wonder if he is intentionally letting this tank, not promoting the company, to change share ownership maybe. I don't know, just seems odd. He was promoting OWP constantly not that long ago now he doesn't even mention it?
We know he has substantial investment here, not like he's going anywhere. So why so quiet?
$OWPC
No changes to the outstanding, restricted, unrestricted, or held at DTC. The only shares added for the entire year of 2022 were the commitment shares, 1.3 million. I was hoping to see a few issued for a new IR firm.
It is so strange to see an OTC with 42 employees, per the S-1, and no meaningful revenues, be able to fund operations with no dilution.
MMs are working it for sure. 6 digit trades under the bid for the two big one's today.
7.53% green with 4-1 sell to buy.
I will be looking at the share structure first thing Monday morning. ALPS showed up when they issued commons to settle the balance of the commitment shares from the prior $750,000 debt before the loan was bought by Dr. McCabe for preferred b shares.
As a result, the Company issued an additional 1,341,276 shares of common stock to AJB Capital on September 15, 2022.
When those shares were being sold there were several 200k transactions. Looked like someone was prepared to buy them.
ALPS has shown up again after being gone for a while.
Thing is, OWPC has no convertible notes on the books as of the last report. All the current convertible debt is held in preferred B shares which are only convertible at .15.
There has been an imbalance between the unrestricted shares and shares held at DTC, a little over 300k, but that has been the case before the commitment shares were settled.
As I said looking forward to seeing the updated structure.
$OWPC
Isiah's shares are down $1,700,000. The other two investors from October are down over $450,000 and $170,000.
They don't seem the least bit concerned.
Not even trying to prop it up, yet.
They are controlling the timing of the S-1.
The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall hereafter become effective in accordance with Section 8(a) of the Securities Act of 1933...
They are getting ready.
The preliminary S-1 is set at a PPS above .50. Got to speculate on what puts this over .50. It seems to me it would have to be something way outside of simple start-up growth.
???
$OWPC