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NASDAQ is no different. What we are seeing right now, happens there too. Although, moving to NASDAQ eventually would draw a different group of traders/investors.
1. No 2. No and they don't want to. They are a bio-tech company, not a head shop.
http://app.quotemedia.com/data/downloadFiling?webmasterId=102426&ref=11253016&type=HTML&symbol=OWCP&companyName=OWC+Pharmaceutical+Research+Corp&formType=8-K&formDescription=Report+of+unscheduled+material+events+or+corporate+changes.&dateFiled=2016-11-28
It's in the 8K.
US marketing already in place. http://www.emiliac.com/company/ Click on Clients
Yesterday was a perfect setup for the gap fill today and as you point out, charts look much better now. I loved it. Was able to grab a few more shares at $2.10.
Multiple Myeloma This is the big one. It would provide proof that CBD/THC works on cancer taken from clinical settings which in turn could lead to further R&D for other types of cancer.
That's the one thing that has been lacking with MMJ application towards cancer, clinical proof and OWCP is close to providing it.
That's cool. You may be right, there may be the biggest hitters in the investment world there. Who knows.
As for the recording, that's your deal, the results will catch up to the market soon enough and I'm sure OWCP will make the results public if it warrants that.
No, but what they do have is an FDA approved drug and another one on the way. Free money from the insurance companies.
That's why they're trading where they are.
I'm all in OWCP, but the patent comparison is a bit weak.
I wasn't referring to OWCP. It was a general reply to someone starting out trading.
Geez, I'm in OWCP because of way more than science.
If you get a chance, watch movies like Wolf of Wall Street(based on real life Stratton Oakmont), Wall Street, and Boiler Room.
Although fictional, keep them in the back of your thoughts when you do your DD, visit stock message boards, watch price swings, analyze the charts, etc.
Truer than you might think.
When I first looked at this company, my first thought was Automotive background in bio-tech? After reading the CEO's letter from January, I'm glad the company realized their financing mistakes of the past and are taking steps to correct it. I've seen companies that took almost 20 years to come to their senses.
I'm ready to stick a toe in, but have to wait for the technicals to correct a bit before I do that. It may be here, or it may be a bit lower in a couple days.
BIEI is definitely on my radar though and will be a shareholder soon. Their just fueling up right now for the eventual launch.
Thanks I will check them out.
I was involved with another bio-tech that put the marketing channels on the side while they were in R&D and that stock today is at .0009.
Refreshing to finally find a company with such knowledgeable and professional management.
Thanks, I found it. If there are marketing channels before Phase I is complete, Emilia knows what the sales could be.
New here since last week, but the more I learn about this company the more I am impressed with the long term outlook.
I wish I could add more shares.
Is this in an 8K?
I'm loving this pull back. It is really giving the technicals a chance to reset. Very healthy for OWCP right now.
By a bunch of convoluted laws, cancer is never cured, only treated.
Announce in the US you have a cure for cancer and push it and you will end up in jail. Honestly.
Not necessarily. Once the Phase I is done in July, it's up to each individual state at a time to accept it or not as OWCP submits it. The efficacy is already proven.
The Feds at this point have nothing to do with it.
Only with bad news and there is, just a minute, let me think,
That's right,NONE
I'd like to see it churn here for about a day to let the Bollingers tighten up and the MACD correct some more. Then I think we see a nice step up to $3.40-$3.85.
Technically this is where it should consolidate before its next step up. Just got out of a stock that did exactly the same thing.
Overall technicals recover just enough to maintain the momentum.
Resistance is right about where Claytrader said it would be, $2.80.
Break through that and make it the new support.
The same route has been taken by other biotechs in the past. Get approval and sales in other countries, then tackle the FDA issue.
OWCP though is a step up IMO since they have the clinical trial set to begin here hopefully shortly and they can submit their IRB trial information to the FDA as supporting documentation. It's actually a very positive approach.
I only got in last week, but so far am quite impressed overall with OWCP.
Here's what OTC markets have
Outstanding 141,446,237
Float 86,515,750
http://www.otcmarkets.com/stock/OWCP/profile
It depends on how the specific state has their regulations structured and if the medication has THC or not. With no THC and only CBD, yes it can be sold OTC. In PA as far as I know, if it has THC then it must come from a licensed dispensary. THC is what is federally regulated.
With the IRB approval, that opens the market in Europe and elsewhere, in the backwards US, who knows.
Wasn't it for Europe and elsewhere first? I believe they are in contact with 3 states in the US.
You just gave me a wild thought with all this.
FDA approval is needed to have insurance companies pay for the medication. BUT, the FEDS are taking a hands off approach for medical cannabis and allowing the states to structure their own regulations.
Short term, OWCP is approaching marketing on a state by state basis to comply with the regs in those states. All this means is that cost will be out of pocket for now.
In PA where I live, doctors must get certified to prescribe medical cannabis and it can only be dispensed in certain ways, which OWCP already has.
http://www.health.pa.gov/My%20Health/Diseases%20and%20Conditions/M-P/MedicalMarijuana/Pages/FAQ.aspx#dispensaries
Future FDA approval is only icing on the cake IMO.
They can go NASDAQ eventually if they want to, but could also take the OTC upgrade route. There are multi-multi-multi billion dollar companies that are on OTC and have been for years. Nestle's is a good example.
It's OTC QB Different levels of OTC stocks
http://www.otcmarkets.com/learn/otc-market-tiers
No but I have been following the medical cannabis issue for some time. Federal regulations were changed last year to help bypass the DEA ban on actually THC and aid getting cannabis based treatment into trials and onto the FDA.
A lot of the hemp oil/hemp seed oil in the US is imported and can only have something like .001% THC in it since it is a controlled substance.
High grade hemp oil with high concentration of CBD is perfectly legal. It's the THC that's the hang up.
FDA approval is what counts in the US, regardless.
I know they have applied to the FDA, but until approval, it will be slow going.
I'm into OWCP and own shares, but reality is what it is.
Unfortunately that won't happen. I agree it would be great and science has proven that THC kills cancer and CBD keeps it from spreading.
Big Pharma(FDA) will not approve anything that is a cure-->fact. They will only approve treatment because it's a revenue generator for big pharma. Opdivo from BMS is a perfect example. Over $500,000/yr for treatment. Does it cure? No.
The only thing that cures cancer(THC) is one that targets the stem cells from where the cancer originated. Once the stem cells die, the cancer can be gone.
There are myriad natural products that do this, but not to the liking of big pharma.
How do I know? I have cancer and have been researching everything for over 2 years to get rid of it.
Hopefully OWCP can break the barriers in the western world and get a life saving cannabis protocol approved. Other countries are so far ahead of the US in cancer treatment and cure, it's unreal. The US is based on corporate profit, not helping those in need.
I'm adding as I can and hope to be with OWCP for a long time as the companies natural products grow.
Really no way to do that. However, what shares you have on the books are yours. Borrowed or otherwise.
There are only certain stocks that can be borrowed against to short without a premium. There was a list at one time but I don't have the link anymore.
Locking up your shares is a myth unless you have a paper cert. IMO.
What broker you with? Scott won't allow a sell order that much over the trade price so, just sayin'.
GNBT is down but not out. Oral-lyn is on track for approval across the pond and Rapidmist is being used for delivery of cannabis based medications.
Quit trolling and get the facts.
The bump in price was me. And I will be buying more at these rock bottom prices. Get a clue?
Such is life. I haven't even begun to tried getting my shares declared worthless, because that's what they are. Live and learn. The most rewarding and painful experiences come from financial losses. BUT, they are the most rewarding.
It's been a long time and I know how many people were impacted by this scam. I'm glad to see that Petar got his just reward. Now, where's our money? Guess that's a thing of the past?
This was however a learning experience for many. When it's to good to be true, it is!!!!!
GLTA with your future investments.
DigitalTradz signing off.
All you have to do is look at where TSTR got it's original financing(Charlie Ergan company), who bought it(Charlie Ergan company), who marketed it for auction(Charlie Ergan company), and who gets the most benefit(Charlie Ergan company).
It's all good.
Actually if some here had done some real simple DD they would have found out that:
1. There was no auction per se. Echostar/Dish/Charlie Ergan/Sub companies of "Dick/Echoscar" had Terrestar so wrapped in debt to them that their buying Terrestar Network was the only logical move. Coming as the White Night, they could acquire what they may have had problems doing otherwise under the Taft/Hartley act. IMO, this was a setup from day 1 by Charlie to aquire the 20Mhz band. So back to the point, no real auction.
2. In a public statement by the judge he said that the sale was in the best interest of creditors and shareholders(ad libbed a bit but it is the general idea). Why would it be in the best interest of shareholders if commons were to be cancelled? TSN shares were private and if one digs far enough I am sure that Echostar had some wallpaper to decorate the offices.
3. The judge spoke in reference to the bankruptcy of TSC in the news release when he said in best interest of blah, blah, bla/shareholders. Has to be some merit to the validity of commons remaining intact for a judge to make a public statement like that.
Geez, it's not that hard to figure out. If I'm wrong, then so be it, but my bet is that in a few months many here will be very happy.
Oh, and NO find the PR's and filings yourself, I did.