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In your dreams perhaps...
Yech!
I don't go anywhere near pink sheet stocks, nor stocks with bloated floats and financials that are not audited.
I looked at $SII and I didn't like what I saw news or not..true or not..
I can't believe you dumped half of owcp to jump into a pink sheet..
Not a good move.
It seems you already have..I will wait to come.
Save me Edward..the sky is falling.
"Once it gets halted, and it will, the realization of the scam will sink in. "
in your opinion......
and that's all it is.....
I don't get your point..I am not talking about a shareholder's lawsuit...that's a useless undertaking as investors end up with squat..
and the cfo was also fired..at the same time...coincidence?..I think not.
Was also released in an 8k....or did you miss that?
As we have stated in our 8-K filing of today, we are neither a party to the pending SEC action against a former adviser to the Company, nor is the Company alleged to have been a party to nor had any knowledge of the purported scheme by the former adviser, who is the subject of the SEC action.
The Company's management is committed to and focused on our development programs which are continuing as per plan. These include inter alia, our current safety trial for our cannabis cream; the approval processes to initiate a safety trial for our oral disintegrating tablet and additional pipeline projects.
As a management team, we are committed to building value for our shareholders though professional, ethical and strategic management of a technology platform that we believe will bring improved health and quality of life to millions of patients around the world. We have recently announced the addition of our new Chief Scientific Officer and we continue to develop the resources we believe will bolster our endeavors in creating a great company.
The opinion letter was given to the company from Friedland...May I also remind you that both Ziv Turner who was ceo at this time and Shlomo Saban who was cfo at the time were fired shortly after this issue came to light last year.
It doesn't take a rocket scientist to figure out that these two stooges were involved and fired as a result.
Then DR. Hirsch comes on board and starts cleaning things up.
He can't be held responsible for any of this and the 8k he released makes this very clear and that the SEC has found no involvement with the company.
If anything this investigation/complaint will expand to include the two stooges...not the company.
Ziv Turner who was ceo at the time and Shlomo Saban who was cfo at the time were both let go shorty after this situation is alleged to have happened
according to the sec complaint.
They would have most likely had something to do with this.
DR. Hirsch's statement is the truth and he is cleaning up this mess imo.
What more do you want?
The company most likely knew about the sec investigation otherwise why fire these two stooges and the company would have also been gagged until the complaint was made public.
It's pretty simple...imo
I feel your pain..I have six figures invested and am down almost 80%.
You have to do what's right for your situation but I can tell you I am not selling one share because nothing has fundamentally changed with the company.
And this statement is good enough for me:
OWC Pharmaceutical Research Corp. Issues Chairman's Statement to Shareholders
Thursday, March 08, 2018, 10:31 AM ET
PETACH TIKVA, Israel, March 8, 2018 /PRNewswire/ -- OWC Pharmaceutical Research Corp. (OTCQB: OWCP), a developer of cannabinoid-based therapies targeting a variety of different medical conditions and disorders, today issued a chairman's statement to shareholders.
In the light of recent events, and the numerous communications we have received from shareholders, I would like to address this statement to the Shareholders of OWCP (the "Company").
The Company is committed to building a leadership position in the medical cannabis market and to our mission of improving patients' lives through the development of new solutions, products and devices derived from and delivery mechanisms for the use of medical cannabis.
We have recruited a highly skilled management team with multi-year experience in medical cannabis, pharmaceutical development, corporate management and capital markets.
As we have stated in our 8-K filing of today, we are neither a party to the pending SEC action against a former adviser to the Company, nor is the Company alleged to have been a party to nor had any knowledge of the purported scheme by the former adviser, who is the subject of the SEC action.
The Company's management is committed to and focused on our development programs which are continuing as per plan. These include inter alia, our current safety trial for our cannabis cream; the approval processes to initiate a safety trial for our oral disintegrating tablet and additional pipeline projects.
As a management team, we are committed to building value for our shareholders though professional, ethical and strategic management of a technology platform that we believe will bring improved health and quality of life to millions of patients around the world. We have recently announced the addition of our new Chief Scientific Officer and we continue to develop the resources we believe will bolster our endeavors in creating a great company.
Yours sincerely,
Dr. Stanley Hirsch
Chairman of the Board
OWCP did not request the 144, they simply passed on what was given to them and why would they have suspected anything untoward about said letter as you imply.
If you're hinting at some kind of collusion between OWCP and Friedland then that is supposition only.
At the very least let the complaint play out and we can all see where it goes...
But to come on here and post as fact that it's this and that is not factual.
Um..no...Hirsch actually addressed all the issues by saying the company knew nothing of what JF was doing and they have nothing to hide and were in no way implicated in this SEC action..
It's business a usual.
OWCP did not request the 144, they simply passed on what was given to them and why would they have suspected anything untoward about said letter as you imply.
If you're hinting at some kind of collusion between OWCP and Friedland then that is supposition only.
At the very least let the complaint play out and we can all see where it goes...
But to come on here and post as fact that it's this and that is not factual.
THis is good enough for me....
OWC Pharmaceutical Research Corp. Issues Chairman's Statement to Shareholders
Thursday, March 08, 2018, 10:31 AM ET
PETACH TIKVA, Israel, March 8, 2018 /PRNewswire/ -- OWC Pharmaceutical Research Corp. (OTCQB: OWCP), a developer of cannabinoid-based therapies targeting a variety of different medical conditions and disorders, today issued a chairman's statement to shareholders.
In the light of recent events, and the numerous communications we have received from shareholders, I would like to address this statement to the Shareholders of OWCP (the "Company").
The Company is committed to building a leadership position in the medical cannabis market and to our mission of improving patients' lives through the development of new solutions, products and devices derived from and delivery mechanisms for the use of medical cannabis.
We have recruited a highly skilled management team with multi-year experience in medical cannabis, pharmaceutical development, corporate management and capital markets.
As we have stated in our 8-K filing of today, we are neither a party to the pending SEC action against a former adviser to the Company, nor is the Company alleged to have been a party to nor had any knowledge of the purported scheme by the former adviser, who is the subject of the SEC action.
The Company's management is committed to and focused on our development programs which are continuing as per plan. These include inter alia, our current safety trial for our cannabis cream; the approval processes to initiate a safety trial for our oral disintegrating tablet and additional pipeline projects.
As a management team, we are committed to building value for our shareholders though professional, ethical and strategic management of a technology platform that we believe will bring improved health and quality of life to millions of patients around the world. We have recently announced the addition of our new Chief Scientific Officer and we continue to develop the resources we believe will bolster our endeavors in creating a great company.
Yours sincerely,
Dr. Stanley Hirsch
Chairman of the Board
Show me where there is dilution in this stock.
Please provide proof...
You can't because there hasn't been any..
The oustanding shares are right where they've been for a long while..
NO dilution whatsoever...
Nevertheless.....you used the word assume....
And you also floated the possibility as I have in a previous post that it could have happened that way...
and then you go on to say...highly unlikely based on what we know...
We only know what is in the SEC complaint and the 8k and the company is neither mentioned as a defendant in the SEC complaint and their 8k states they had no knowledge of this..
So where are you going with this?
How do you know it was?
Statements on here are just opinions and should be stated as such..not absolutes.
Thanks for proving my point.
I agree he never did squat for us..what I said was he was well regarded and recognized in the industry.
Google him..and see what comes up prior to the SEC bs.
You mean no one saw it coming..I was not talking about you and me.....I was talking about the industry as a whole...just for clarification...It doesn't matter if we like him or not...he was full of a lot of information and experience in the industry and in a state where mj has been legal for a while.
Yes it could and it does if the TA rubber stamps everything because JF was held in such high regard.
No one saw this coming...at the very least the TA should have notified the company.
Before this all blew up in JF's face no-one would have thought that he'd perpetrate something like this...no one...He was everywhere and being interviewed and writing books and starting a new ticker and so on..so highly regarded and respected...that's how crap like this can happen..plain and simple.
Rather than blaming the company outright I have just floated another possibility...that's what your statement is as well as mine...a possibility..by no means the verified truth
Fist of all owcp never wrote the opinion letter..that was provided by Friedland.
If you want to be taken seriously post the truth
Not twisted contortions of gibberish.
Also as stated in the sec claim Friedland was unsuccessful with the first brokerage he went to as they smelled a rat...good on them..Spencer, the second brokerage accepted the shares....
Right there is a big issue....with crooked brokerages.
Why did one smell a rat and the other accept them?
Also Friedland kept altering what was in the opinion letter.
This is all him and the disbarred attorney..and notice the attorney is not named in the complaint.
Nobody has even mentioned how strange that is...
I believe this is to protect him and his interests as he will be used by the SEC to put the final nail in Friedland's coffin..
THis only proves that everything was orchestrated by Friedland.
Although I-glow thinks owcp was behind this..lolol
According to iglow..owcp is a fake company..
a pump and dump scheme..
All the great people that are working there blindly came to OW because it's a scheme..
or better yet..these brilliant minds had no clue what they were getting into..
LOL....thanks for entertaining me I-glow/Wormking....
And it's quite clear that those documents were produced by Jeff Friedland from the disbarred lawyer and given to owcp who passed them on to their transfer agent.
Nice try.
When the attorney called me and I spoke with him most of the conversation was around Jeff Friedland..we spoke for a few minutes about Ziv Turner..at no time was anyone else mentioned or asked about by the SEC
And the company mitigated that damage if done by firing him. DR. Hirsch would have been fully conversant and aware what he was getting involved with when he came on board last summer.
He is cleaning the mess up and yes he would have been aware of the ongoing SEC investigation.
Moving Dr. Baruch to the sidelines is also part of cleaning the mess up .
Wonder why the company has been so tight lipped?
The SEC has not implicated OWCP in any way and even if Ziv Turner is implicated he is no longer an officer of the company....that is very big
This is all legal wrangling that will be figured out down the road but the company will live on.
If the SEC thought owcp was a scam...they would halt it...I have experienced that reality with another penny I was in years ago..and still hold 55 million shares in..It's been involved in litigation with the doj and sec since 2006....
I may be dead before it's resolved if ever..as well as another penny..that through several years of investigation firmly points the finger at FINRA as having committed fraud against shareholders by attempting to protect brokerages who naked shorted the stock to the tune of billions of shares...we are now finally going to court in NY...after 6 years.
Google FInra....and what their job is...
So the point is I speak from a wealth of knowledge and experience.
Fear mongering on this latest chapter of OWCP is just that...pure speculation and nonsense.
By the way Zomby..I am really curious why you flipped sides...I guess you bought really high..so if that's the case I can certainly understand your frustration....
I am down nearly 75% in this...however I trust what the company is doing and I have all my research to back this up...so this latest fiasco is just that..a bump in the road....that will not derail the outcome from OWCP's work and research.
Long and strong!
Zomby..shareholders best understand that even if there were a class action lawsuit brought forward that at the end, shareholders will get very little value back from what they put in..The lawyers are always the big winners.
I speak from experience having been a lead plaintiff a few years ago with a nasdaq company.
It's a no win situation...you will not get anything close back to what you invested. That's the way it is.
There is no doubt Friedland may have influenced people into buying with his comments...but in my world doing your own dd is a big part of the equation and Jeff Friedland had absioutely nothing to do with how I bought or traded the stock..he was simply part of my information gathering.
You take responsibility for how you trade..end of story.
THIS IS ALL THAT MATTERS...
EVERYTHING ELSE IS JUST NONSENSE.
FROM THE HORSE'S MOUTH:
OTC DISCLOSURE & NEWS SERVICE
OWC Pharmaceutical Research Corp. Issues Chairman's Statement to ShareholdersPress Release | 03/08/2018
OWC Pharmaceutical Research Corp. Issues Chairman's Statement to Shareholders
PR Newswire
PETACH TIKVA, Israel, March 8, 2018
PETACH TIKVA, Israel, March 8, 2018 /PRNewswire/ -- OWC Pharmaceutical Research Corp. (OTCQB: OWCP), a developer of cannabinoid-based therapies targeting a variety of different medical conditions and disorders, today issued a chairman's statement to shareholders.
OWC Logo
In the light of recent events, and the numerous communications we have received from shareholders, I would like to address this statement to the Shareholders of OWCP (the "Company" .
The Company is committed to building a leadership position in the medical cannabis market and to our mission of improving patients' lives through the development of new solutions, products and devices derived from and delivery mechanisms for the use of medical cannabis.
We have recruited a highly skilled management team with multi-year experience in medical cannabis, pharmaceutical development, corporate management and capital markets.
As we have stated in our 8-K filing of today, we are neither a party to the pending SEC action against a former adviser to the Company, nor is the Company alleged to have been a party to nor had any knowledge of the purported scheme by the former adviser, who is the subject of the SEC action.
The Company's management is committed to and focused on our development programs which are continuing as per plan. These include inter alia, our current safety trial for our cannabis cream; the approval processes to initiate a safety trial for our oral disintegrating tablet and additional pipeline projects.
As a management team, we are committed to building value for our shareholders though professional, ethical and strategic management of a technology platform that we believe will bring improved health and quality of life to millions of patients around the world. We have recently announced the addition of our new Chief Scientific Officer and we continue to develop the resources we believe will bolster our endeavors in creating a great company.
Yours sincerely,
Dr. Stanley Hirsch
Chairman of the Board
About OWC Pharmaceutical Research Corp.
OWC Pharmaceutical Research Corp., through its wholly-owned Israeli subsidiary, One World Cannabis Ltd., (collectively 'OWC' or the 'Company') conducts medical research and clinical trials to develop cannabis-based pharmaceuticals and treatments for conditions including multiple myeloma, psoriasis, fibromyalgia, PTSD, and migraines.
OWCP is also developing unique delivery systems for the effective delivery and dosage of medical cannabis. All OWCP research is conducted at leading Israeli hospitals and scientific institutions and led by internationally renowned investigators. The Company's Research Division is focused on pursuing clinical trials evaluating the effectiveness of cannabinoids and cannabis-based products for the treatment of various medical conditions, while its Consulting Division is dedicated to helping governments and companies navigate complex international cannabis regulatory frameworks.
For more information visit: http://www.owcpharma.com/.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, filing patent applications, product development, and business strategy. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in OWC Pharmaceutical Research Corp. (OTCQB: OWCP) periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact Information::
Mordechai Bignitz , Chief Executive Officer – OWC Pharmaceutical Research Corp.
Email: Mordechai.Bignitz@owcpharma.com
Tel: +972-(0)3-7582659
Cision View original content:http://www.prnewswire.com/news-releases/owc-pharmaceutical-research-corp-issues-chairmans-statement-to-shareholders-300610781.html
SOURCE OWC Pharmaceutical Research Corp.
If that's the case then why weren't they named in the action?
Certainly the investigation was thorough and ongoing.
As far as it continuing that involves the upcoming trial by jury.
OWCP would have been named as a defendant.
Next bs...lol
"YW. I still have a problem how a supposedly legit company/SEC filer had the carpet pulled out from under them by a "consultant." I will stay on top of this one. "
How so..the company is just fine....nice try...
"Why do you think OWCP supplied fraudulent documents to Friedland to remove the restrictive legend so he could deposit the certs in different accounts. "
Again...stretching the facts....not as stated in the SEC complaint at all...
It is clarified that OWCP provided document(s) but that they were not the one's that provided the information contained in said documents..
Of course you jump on this and fail to grasp the truth..
as provided directly from the SEC document in my previous post.
LOL...I have to give you credit..you are relentless...but anyone with a grain of intelligence can see through all of your half truths and muses and misrepresentation of facts.
I think the SEC might be interested in hearing about you.
Um..again...no...
right from the SEC document---
"On February 23, 2017, the clearing firm for Spencer Edwards sought and
obtained an attorney opinion that relied on the information provided by Freidland, discussed
the relationship between Friedland and Global, on the one hand, and Kathy Friedland and Lane
6552, on the other, before approving the sale of the OWC stock, after which Spencer Edwards
agreed to sell the 5.1 million OWC shares. "
As per usual every point you make in your post is a stretch and doesn't indicate on any level that OWCP has any fault in this action.
So what if Friedland hosted a dinner and used information provided by DR. Baruch.
Dr. Baruch is a pioneer in Israel in the medical mj field for treatment purposes..
Why wouldn't his accomplishments and experience be relied upon?
Your musings and implications are just that and require a stretch...
So any smart investor here will not be rattled by this drivel unless they haven't done proper dd..
You and others that imply OWCP is headed for the garbage heap and a halt or delisting..or the greys must be kidding if you think anyone believes this nonsense.
As I said in a previous post, there are too many exemplary minds/people involved with this company for it to be what you say it is.
Thanks for the laughs!
Now that's a good one..a dinner at Friedland's house...lol
He wasn't an advisor till 2016...
The company was started in 2014...
so a dinner at Friedlands house took place in 2014...and then he becomes an advisor 2 years later and perpetrates this crime in cahoots with OWCP?
You should write children's books my friend...you have a vivid imagination.
If what you say is true then why wasn't owcp named in this action?
I guess DR. Hirsch is a fraud.
I guess Zahevhi is a fraud..
I guess Rosenblatt is a fraud..
and on and on...
They're all in on it...lol
Item 8.01. Other Events.
OWC Pharmaceutical Research Corp. (the “Registrant”) is filing this Form 8-K to report the resignation of Mr. Jeffrey Friedland (“Mr. Friedland”) as a member of the Registrant’s Advisory Board, effective immediately. A copy of Mr. Friedland’s letter of resignation is attached as exhibit 17.5 to this Form 8-K.
The Registrant has been made aware of the fact that the United States Securities and Exchange Commission (the “SEC”) has commenced a civil injunctive action against Mr. Friedland and two related entities (the “Friedland Defendants”) by the filing of a complaint in the United States District Court for the District of Colorado. The SEC alleges in the complaint that the Friedland Defendants “engaged in a nearly $7 million securities fraud scheme to conceal the nature of [Mr. Friedland’s] interest in . . . OWC Pharmaceutical Research Corp. (“OWC”) to allow him to unload his considerable holdings in OWC stock into the marked that he helped to artificially inflate.”
The Registrant has not been named as a party to the pending SEC action nor is the Registrant alleged to have been a party to nor had any knowledge of the purported scheme by the Friedland Defendants.
The Registrant is aware that Mr. Friedland, through one of his entities, was an early investor in the Registrant, having purchase more than 1.3 million shares of the Registrant’s common stock in 2014 in a private placement. In addition, in February 2016, Mr. Friedland was issued an additional 5.1 million shares through another of his entities (both of which are Friedland Defendants) as compensation for a two-year consulting agreement with the Registrant which agreement expired by its terms in February 2018.
The Registrant did not receive any of the proceeds from the sale by the Friedland Defendants of the OWC shares nor did the Registrant benefit by the alleged scheme by the Friedland Defendants. The registrant with its legal advisors continues to consider additional actions if and so required.
To suggest that OWCP has any wrongdoing in this SEC action is pure unsubstantiated speculation and is neither supported in the sec complaint nor in the 8K put out by the registrant.
Um...no
Here is the list of defendants.
OWCP is not named.
Aspen Upper Ranch LLC
Defendant
Assurance Management LLC
Defendant
Jeffrey O Friedland
Defendant
Kathy B. Friedland
Defendant
Global Corporate Strategies LLC
Defendant
Intiva Pharma LLC
Defendant
Lane 6552 LLC
Defendant
The Jeffrey and Kathy Friedland Irrevocable Trust
People are trying way too hard to find a reason for the suppression in OW's price.
While there are obviously many reasons for this that we are not privy to the fact remains the company is well situated to carry out their plan.
As Dr Hirsch said he's not concerned with the current share price.
I think he knows way more than we do.
We have visited these prices before and for me I could care less what the daily price means until there is meaningful work and progress announced by the company.
I don't need my hand held and I can't be influenced by anything I read on this board.
I have done my dd and I love this company.
Everything else is noise..period.
The problem for many here is they view this as a penny stock and expect the company to treat it like a true penny stock by pumping with pr's.
99% of those tickers are nothing more than hot air...OW is a real company relegated to the OTC because it is a startup..that's the important thing to remember.
I will continue to add at these prices...
and will hold until the time is right.
Work and go on with your life.
The day will come and the benefits will be reaped big
time.
Let the company do it's job..if you don't have the patience then perhaps holding OW is not right for you.
KNOW WHAT YOU OWN
I think he will have to weigh the pressure from the USA and the fact the USA support Israel..especially since they are moving their embassy to Jerusalem way ahead of schedule....but in the end you can't turn your back on a multi billion dollar export...
News on Israel's intention to export mmj....
https://www.greenmarketreport.com/israel-cannabis-export-decision-sent-back-beleaguered-prime-minister/