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WE didn't speak about that..it is the past and old news.... I told Ziv about your post and what you implied and he just laughed....He had nothing to do with how the vote was handled...
He once again said today there are 15 thiousand shareholders and this action is to protect the company..it's assets and the 15 thousand shareholders.
I don't care what anyone says about bulk certificates and so on and so forth....
There are in fact more than 15k shareholders...I know this to be the truth...all I will say and have no further comment on this topic.
Because DGF won't open their books we can't know what the numbers are...
Getting the court to sanction an AS increase for the purpose of settling up with DGF makes sense....
As far as any shares going to Jeff Low..He has personally injected several millions of dollars into the company starting in 2016.....yes he still holds preferred shares....
Yes there would be 1.5 billion shares....
One would also expect logically at some point that there might be a RS down the road...that would need to be approved by shareholders..a quorum would be necessary....
NO need to dwell on that right now.....
Let's get through the reorg in Israel...and then move everything stateside.
That's funny but it's not..lol
Ok folks..just got off the phone with Ziv..
I now have a better idea of where things are at.....
The company has applied for protection under Israeli law....
As I stated in earlier posts..the company(Ziv) made several offers to DGF
in order to move forward....
DGF has been unable to work with the company as part of the deal required DGF to open their books so Ziv can actually see how much money they have made so far selling the preferred shares.
DGF claims they have lost money but won't open the books to verify anything...so the thought of OW and DGF working together...will never happen.
I can understand why DGF won't open their books....draw you own conclusions...
THis latest action with the court in Israel should take no more than 60-90 days.
One of the things that the company is asking the court to award them is to allow the company to increase the AS by 1 billion shares.
Ziv says the court will award this no problem.
THose shares will be used to settle up with DGF and Jeff Low..and allow things to be cleaned up on the ISraeli side.
Ziv told me there are no US creditors period and increasing the AS by a billion...court ordered..allows the company to clean everything up and move forward.
John Kirkland is not happy and is threatening ZIv and the company and Ziv has told him to go pound salt basically and go after Bignitz..this is not his problem and the company lawyers agree..
So once the company emerges from protection of the ISraeli court...
They will then turn their attention to the US company....
Michael Feldenkrais is an integral part of the future of the company....There is lots of money ready to be injected once everything is cleaned up...
Ziv mentioned three patents...he mentioned manufacturing and sales beginning Q1 of 2021
Again...the timelines can be flexible...
Here is the best part of all...Shareholders will be part of the reorganized US company! At this point..I cannot say any more than that...
But this is not over....and people have something to look forward to.
We should all thank Ziv for the work he has put in along with his directors and legal team.
Kirkland is panicking...even approached Jeff Low to work with him...but Jeff realizes that Kirkland only wants to dump shares into the market and this would further destroy the value of the company.
The fact DGF is unwilling to open their books nixes any opportunity of them working together.
What does that tell you!
I stated that the way I did because I am going on information that was provided to me months ago..I alluded to the fact that the company in order to move forward needed to clean up the mess and to be free of DGF.
What I know about DGF and John Kirkland doesn't paint a sunny picture.
I know there have been opportunities presented to him and he has refused to play ball...
So when I end my post with "most likely".....that is the same as IMO...something many people forget to put at the end of their posts...
My posts are always my opinion and not stated as fact but are formulated based on information presented to me that I deem to be truthful and factual.
I'd suggest focusing on what is really going on instead of 2 words at the end of a post...LOL.
As much as I'd like to support the stock and agree with comments..I think being blind to reality is running rampant on this board for some.
The chart is toxic and the fact is the company isn't being straight with us.
That can't be denied.
It's good to have a plan....
The market dictates what I do or don't do though for me as I can't control the market...
So any plan I may have is always dependent on what the market says to me...and that I can't forecast until it happens.
At some point Nestle or Abbott....or some other entity will come calling...
They will not sit idly by and allow Else to eat into their adult nutrition business...those drinks like Boost and Ensure...generate major revenue for them...
Imagine if Else creates a competing product that is clean and isn't laced with sugar and all the other junk ...
And the baby formula.... and other nutritional products...
You think one of these big entities doesn't scoop up Else?
That is coming....maybe a year or 2 ...down the road....once the product launches happen for these other categories.
This company is a leader....it will be acquired at some point.
You don't get it...
There is no DGF back to the table.
This action was done as a way of getting rid of them since they are non cooperative...
OW fulfilled all the orders laid out by the court.
They did everything they were required to do.
Had there been a quorum we would have seen further actions and a relisiting on the QB with updated filings.
With no quorum achieved...none of that matters nor can it be enforced.
So that is done and dealt with.
THis long delay of silence for everyone has been due to the company trying to negotiate a way forward with or without DGF.
That's it.
Ziv said many times he didn't come back to the company to be beholden to DGF.
Bignitz created that mess and robbed the company and shareholders blind.
Ziv, whether you want to believe it or not has been trying to get the company back on it's feet.
There are a multitude of opportunities waiting...have been for months.
But the current situation was always going to be untenable...
DGF was/is a toxic lender and they took a chance on OW and BIgnitz.
THis never had anything to do with Ziv..as a matter of fact Ziv has had to deal with skeletons that Bignitz left that reeked of illegalities.
The only way things move forward is if the company can clean up this mess and become clean....
That doesn't involve DGF most likely.
That statement has no basis in fact...just your opinion and your claim would indicate that some type of fraud was perpetrated by the company.
That isn't true.
DGF didn't lend the company anything..they stepped up and provided the 200k so the company could fulfill the court order(s). OW had no money to carry out the proxy and that is why DGF funded it because it was in their best interest...
How or if they get the money back is moot.
It has nothing to do with this proceeding.
They stepped up and funded everything after forcing OW's hand in court.
I also know for a fact that OW presented several options to DGF..and they declined everything...they have no interest in taking over the company and trying to run the business.
They are parasitic and just want their money...
None of what they are owned is secured.
Eat Beyond Portfolio Company Good Natured Gains Traction Following Single-Use Plastic Ban
Eat Beyond has already seen a 10x return on its initial investment
Vancouver, B.C. – December 15, 2020 – Eat Beyond Global Holdings (CSE: EATS) (OTCPK: EATBF) (FSE: 988) (“Eat Beyond” or the “Company”), an investment issuer focused on the global plant-based and alternative food sector, is announcing that its portfolio company Good Natured Products Inc. (“Good Natured”) has gained tremendous traction following the October 7 announcement by the Canadian government that outlined the plan to ban single-use plastics by 2021.
Following the announcement, Good Natured’s stock rose from $0.14 on October 6, to its present price at $1.07.
Good Natured produces and distributes one of North America's widest assortments of over 385 eco-friendly, plant-based food packaging for home and business products, food packaging, restaurant/takeout containers, medical, and industrial supplies.
“Our investment in Good Natured has already realized approximately 10x our initial investment. We are constantly assessing the macro and micro trends in the food tech, plant-based, and alternative protein space, which includes auxiliary industries with companies like Good Natured,” said Patrick Morris, CEO of Eat Beyond.
Eat Beyond’s portfolio spans a wide range of industries, enabling it to capitalize on the growth of a wholistic cross-section of the evolving food space including cell agriculture, plant-based protein, plant-based dairy, infant food, natural food brands, eco-friendly packaging and more.
Eat Beyond Portfolio Company Good Natured Gains Traction Following Single-Use Plastic Ban
Eat Beyond has already seen a 10x return on its initial investment
Vancouver, B.C. – December 15, 2020 – Eat Beyond Global Holdings (CSE: EATS) (OTCPK: EATBF) (FSE: 988) (“Eat Beyond” or the “Company”), an investment issuer focused on the global plant-based and alternative food sector, is announcing that its portfolio company Good Natured Products Inc. (“Good Natured”) has gained tremendous traction following the October 7 announcement by the Canadian government that outlined the plan to ban single-use plastics by 2021.
Following the announcement, Good Natured’s stock rose from $0.14 on October 6, to its present price at $1.07.
Good Natured produces and distributes one of North America's widest assortments of over 385 eco-friendly, plant-based food packaging for home and business products, food packaging, restaurant/takeout containers, medical, and industrial supplies.
“Our investment in Good Natured has already realized approximately 10x our initial investment. We are constantly assessing the macro and micro trends in the food tech, plant-based, and alternative protein space, which includes auxiliary industries with companies like Good Natured,” said Patrick Morris, CEO of Eat Beyond.
Eat Beyond’s portfolio spans a wide range of industries, enabling it to capitalize on the growth of a wholistic cross-section of the evolving food space including cell agriculture, plant-based protein, plant-based dairy, infant food, natural food brands, eco-friendly packaging and more.
I feel there are 2 things going on right now...
The plant based run-up is being shorted....
and
there is end of the year tax loss selling...
Come 2021...all will be fine...
I am comfortable with my portfolio.
Based on what...they are not a secured creditor......
They lent the company money under extremely toxic conditions....
They gambled....as a preferred shareholder with an unsecured loan.
And lost... just like common shareholders
Now this has been sent to the bankruptcy court in Israel.
There are no creditors in the USA.
DGF can do whatever they want..they have no leg to stand on.
THis chapter in the history of the company will soon be closed.
I pointed this out weeks ago and nobody listened.
What suit...I don't know of any suit by DGF against OW....
Are you talking about the court ordered stuff?
If so, that has all been dealt with.
What suit are you talking about? The company has fulfilled all the court orders and has tried to bargain in good faith with DGF.
Their time has come and gone.
Just watch.
https://www.lexology.com/library/detail.aspx?g=c4b5595e-2219-4e1c-9681-3e4d8eeb00bb
THERE DOESN'T NEED TO BE A FILING IN THE USA...
US COURTS WILL RECOGNIZE THE ISRAELI COURT RULING.
THIS IS OVER.
OWC IS DONE.
DGF TRIED TO PLAY HARDBALL...
IT APPEARS ZIV AND HIS TEAM HAVE OUTMANEUVERED JOHN KIRKLAND AND DGF AND CAN NOW CLIMB OUT OF THE MESS BIGNITZ ET ALL CREATED.
REORG...NEW ENTITY...CLEAN SHELL..NEW MONEY...
NOT A GREAT SCENARIO FOR CURRENT SHAREHOLDERS HOWEVER ZIV CAN DECIDE TO TAKE COMMON SHAREHOLDERS WITH...
ANYONE'S GUESS ON THAT ONE.
I haven't spoken with Ziv in close to a month.
As a matter of fact I just asked him (via text) about the implications of being a Delaware corporation and what impact filing in the Haifa court has on it.
I am reading the 2018 Israeli insolvency act...We did speak about this option at one time.
I suspect the stock will now go subpenny....
I believe OW as we know it is done.
DGF will get nothing when the dust settles imo.
They have been offered many things and wouldn't play ball.
I am happy to see there is movement.
Ziv has now deferred to the court.
https://www.jdsupra.com/legalnews/bankruptcy-insolvency-rehabilitation-88538/
https://www.sec.gov/Archives/edgar/data/1431934/000149315220023515/form8-k.htm
THis is the end of DGF.....
Company reorgs and comes back in a clean shell....
And moves forward....and reveals future plans.
Stay tuned.
Agreed!
Just pull up a 1 year chart on Baby...and calm down...seriously.
And you wonder why Ziv doesn't want to engage with you...short memories here...When the deal with Can-it was announced this board collectively jumped down Ziv's throat and went out if its way to not only downplay the announcement but to decide that Mr. Feldenkrais was nothing more than a scammer along with Ziv.
Somebody finds some little bs announcement about a cable tv company wanting to go into the cannabis business now and you're all besides yourselves with glee.
I thought Felkdenkrais was a scammer and a bs artist.
What a joke.
One only need look at the chart..even a blind man can see the truth.
Quando, quando, qando?
(when)
They don't go straight up...lol
Vega,,,moving in the right direction!
Got in and established a position today...very happy.
Plant based disposable packaging...invest in the future..that future is now!
Part of Eat Beyond.....
UP 14% today
GDNP is active....
NO, just frustrated with the silence and inability to follow through.
I agree.
Obviously his assertion that he could just walk away from the DGF deal was full of holes otherwise why have we been stuck here for months and in total silence...
There is something very wrong and frankly it wasn't ever going to be as simple as Ziv made it out to be to walk away from and force DGF's hand.
It's quite obvious John Kirkland of DGF and Ziv Turner of OWCP cannot come to terms.
What happens next is anyone's guess.
Same here...I have several positions I am cultivating and monitoring...
Sometimes I screw up like I did with VEGA...but in finding Else and Eats I hit the jackpot...that's for sure...we both did!