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I wouldn't crawl down that rabbit hole...lol.
Regardless of the outcome of the Appeal, GDSI still has the Recognition process in Brazil before them.
Feelings are irrelevant. "Most likely dead" is not a legal term. Movement in Delaware is based on court schedules that were heavily impacted by Covid.
This is not rocket science. Dockets list the filings and decisions made within the court of jurisdiction.
Active means the case is active. This is not a contextual challenge. It is a fact.
It's quite simple. Here's the link to the SDNY case. One can easily see it is active.
https://www.docketbird.com/court-cases/Discover-Growth-Fund-LLC-v-Owc-Pharmaceutical-Research-Corp/nysd-1:2020-cv-02857
I have no idea if it's truly dead. There is nothing happening. Most likely it's dead. Or it will be very, very soon.
That's false. There are closed cases that state they are closed. There is no "abandoned" status in the "general scheme of things." The Chancery Court is very backlogged.
Yes, even if they are closed it will say "Active."
While it is still "Active" in the system, the lawsuit is "abandoned" in the general scheme of things.
There is not even an answer because there doesn't need to be one.
That's as far as I am going.
The SDNY case is also active.
The case in the Southern District of NY seems to be dead as well.
The Delaware case is Active. Anyone that reads Hebrew can search in Israel's business databases for proof of anything.
Apparently, we have no followers that can read Hebrew or provide a translated version of any files. No one has provided proof of an insolvency proceeding in Israel to our readers.
To clear up any misinformation, OWCP is a public company registered in Delaware. They have not filed for bankruptcy.
There is a rumor about Ziv Turner filing insolvency on behalf of OWC Israel, OWCP's subsidiary, within Israel. However, no one has been able to share proof of such a filing, or proof that Ziv Turner has the authority to represent OWC Israel in such a capacity.
Additionally, foreign subsidiaries in the cannabis business may have difficulty getting the U.S. Bankruptcy Court to recognize any actions taken in Israel.
We're waiting for the Delaware Court.
There is no OWCP bankruptcy.
Chapter 7 does not apply to this situation.
We need a responsible CEO. Turner allowed another MM#2 application to lapse--this time in Australia.
A notice of lodging just means that the party provided a proposed judgment to the court for review and approval. It is called "lodging" since the document is not actually "filed" (and made part of the official court record) nor "entered". You have 10 days to object to the form of the judgment.
Form 4 filed June 7 by Director Lindy Snider reporting Acquisition of 25,000 shares.
Looks like another comprehension issue is in play.
You wrote:
The point is, you don't do what he did. Not even once. Period.
I didn't miss a point. I simply disagree that you, or anyone else, should dictate HOW anyone speaks their mind.
The point is, you don't do what he did. Not even once. Period.
I'm not so easily swayed by the fact Kugelman is not a SME on every aspect of every sector. He has many articles on SA worth reading. Here's one on the emerging psychedelic market. He's polite and professional in his responses to comments.
https://seekingalpha.com/article/4330293-psychedelic-medicine-stocks-capture-attention-of-investors
As a Director, I see no problem. As previously noted by another poster, he WILL post the required filings.
I don't get how people think this is an either-or proposition. I'm not in the MF vs. DFG fight. I don't assume anything here. I'm working off facts that become available, and there are just a few at this point.
Baruch's case was publicized before the contract was signed. It was discussed on this board by people who research and share what they find.
In November 2014 Baruch left Abarbanel by mutual agreement with management, after harsh criticism of his administrative performance and problems related to his leadership of the Health Ministry’s medical marijuana program, which he founded. The police investigation of Berger’s complaint began after he left Abarbanel.
Until last year Baruch continued to sit on National Insurance Institute medical committees despite the investigation. The Health Ministry never took action to suspend him, although it had the authority to do so. The NII director looked into the matter and decided to continue employing him.
Is there a comprehension problem? I don't support Kirkland means just that.
I was happy to see him attempt to remove Turner and replace him with Kugelman who, if he has access to the files, will report to shareholders exactly what Turner is hiding from us. Does that mean I want Kirkland here for the long term? Nope.
The point with the Triggering Event is that Bignitz knew this was a possibility with Baruch and didn't remove him from his role before signing the contract.
Warped perception? Kirkland made the claim. I think he's onto something. We don't know what the financial condition is because Turner hasn't shared it with stockholders. There has been no 10-K for 2019 and 2020 since Riterband/Turner were given the keys. Not even a simple, unaudited balance sheet was shared with us. Claims of financial strain aren't sustainable without documentation.
This third-party rumor mill is not how public companies are expected to operate.
OWCP is not done because a shareholder thinks it's done.
Here is the 8-K announcing the triggering Event.
https://www.otcmarkets.com/filing/html?id=13089184&guid=UA_UkpEesU98gyh
Wow...I am not supporting Turner or Kirkland individually. I want this company in the hands of people that can, and want to, fulfill the mission of helping people with difficult-to-treat conditions.
I can see the greed on the part of Turner. I sense he has been manipulating circumstances in a way that will benefit his bank account down the road. I agree with Kirkland's claims he is trying to access the IP with his insolvency strategy.
The reason Kirkland's holdings are now more than Bignitz intended is because Bignitz allowed a personal legal event involving a former Director to be placed as a Triggering Event within the loan agreement. I've said it before, and I'll say it again, that is my only issue with Bignitz.
Does the fact that the Director was eventually charged with a personal crime that caused the Triggering Event make Kirkland a toxic lender? I say "no" to that question. Bignitz and the Director are responsible for the conversions. They're gone now.
The Director should have offered to step down BEFORE the finance agreement was signed to ensure he had no ability to impact the company negatively.
My sense is that Kirkland would be willing to cut a reasonable deal to end this mess with people not named Turner.
As for MF, he owns a company with 2.8B shares. I don't want more shares of a bloated pig stock that isn't making gains in its current form.
Turner has put us all at risk for a suspension by not reporting financials. He had the money to do so and was Ordered by the SDNY Court to produce a report. He also is allowing a Patent Grant to be abandoned by not paying the fees. He hasn't communicated with shareholders since the December 8-K announcing an insolvency claim. Rumor has it that claim was rejected and another one was filed. Where's the 8-K to back those rumors? Is he, or isn't he, responsible for shareholder communications? Five months of silence is not okay.
I don't understand why anyone wants Turner involved.
Do you think DGF is a toxic lender or no?
What I don't get is that there is an opportunity for MF to take control of this company and you want DGF?
I am trying to figure out why.
I know you all for MF but here you don't want him to take control?
I don't seem to understand your rationing.
Mr. Kirkland has a very impressive background. Thank you for sharing links with your message. Since you have a stickie available, how about adding it through the stickie link?
What day is the hearing you're attending? I might want to drop in myself.
Our group lives in Denton, Maryland which is 1/2 hour from the Delaware Court. We plan on attending the hearing, so maybe we will see you there
Expert market? I'm expecting to see it suspended.
That's the company that was sold. Clicking on the old logo takes you to the former business website.
There's no reason to fear Rubin either..lol.
https://www.law.com/newyorklawjournal/2020/12/02/disbarred-attorney-florida-lawyer-charged-in-fraudulent-securities-scheme/
Friedland is very old news. He is banned from the OTC. No reason to fear him..lol. His former company Intiva (Nexien) is doing well without him. It would be great to see that well-run organization as the owner of OWC's assets. There are so many options. Just need the Delaware Court to determine who has the power to influence the future.
Without admitting or denying the allegations in the complaint, Friedland and Global agreed to disgorge nearly $2.1 million plus prejudgment interest, and Intiva agreed to disgorge $20,000. Friedland also agreed to pay a $2 million penalty. All defendants consented to bars prohibiting them from participating in penny stock offerings.
The Yield sign has returned.
Context can be helpful. I actually want an R/S sooner than later.
That email exchange is three months old
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Bankruptcy was the topic--not contract law or patent infringement.
I haven't seen proof of a bankruptcy filing in Israel. The one Turner announced in December through an 8-K was closed.
There's a question as to whether a U.S. Bankruptcy Court would entertain such a petition from an Israeli cannabis business since cannabis is not Federally legal in the U.S.
I don't have that problem...lol. What I'm looking for is proof that MF confirmed no R/S...as claimed in that post.
I try to buy stocks with less than a half billion - but today yer lucky if you can find one under 5 billion.
Did MF confirm there would be no R/S?
There are many who believe in the value of the intellectual property, including me. I believe there is more than one entity in the world that would be interested in owning their IP. I can't crawl into any rabbit hole that isn't based on sound legal standing. So until we know who has the right to file anything on behalf of this public company that owns the Israeli subsidiary that holds the IP, we continue to wait.
Once the Delaware Chancery Court weighs in on DGF/Dave Kugelman's Complaint, and Requests for Relief, we will know which fork in the road to follow.
Although the Courts have been backlogged this past year due to Covid restrictions, I think we'll see some type of Order sooner than later.
As someone who has been watching this stock for a while but only recently got in (got in at 0.02 back when OWCP was hovering around 0.015-0.03), is there anything we might be looking forward to with this company? I was under the assumption that we’d receive some sort of news following the case in court (I think that was back in March?), but it seems like we haven’t received news the entire time I’ve been involved. Any positives to look forward to? Is a buyout possible? I know these are noob questions to be asking.. but any insight would be appreciated.
To clarify, I’m aware of the reasons people are bearish on OWCP, so I’m not looking for negative info regarding the company (seen enough of that lol). Just wondering what any positive possibilities may be. TIA