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That isn't OWC's official FB page... look at the URL - https://www.facebook.com/jaykiec21/posts/1344791955590016
OWC official FB page is https://www.facebook.com/OWCpharma/
I don't see this on their FB...
Agreed, OWC is pre-rev R&D. We can revisit the discussion once their product(s) are producing revs.
Why are you guys using 2015 rev? Last year was less than $12MM.
who's*
agreed... looking forward to the escrow-closing announcement.
What good will it do at this point... CEO is using IHub as means of communication. Sad times here folks.
I hope so...
Sent another email to OWCP regarding obvious concerns shared by most of us (e.g. losing shareholder confidence, losing (chart) support levels, vagueness in communications, timelines, etc.)
OWCP Reply:
90% of our compensation is equity based.
We hate to see the stock traded this way, but we are sure that it is from all the wrong reasons.
Your request will be presented to our SEC lawyer who completely forbids us from discussing any timetable for uncertain info.
There's no need to worry about over-hyping as long as everything shared is legitimate and verifiable. I have been in regular contact with OWCP and they are obviously very well aware of the never-ending bleeding. Unfortunately, the market doesn't seem to respond well to any news released by OWCP lately... unsure if even solid news will help as this continues to free fall.
For what it's worth, here's a recent reply from OWCP:
"You cannot fight a tsunami...
CFN is about branding. Now is not the time for branding. We came out with the best possible news - product readiness and full IP. When the market did not react properly, you like many others started to look at what's wrong with every dot and comma in our reports instead of enjoying the magnitude of what we reported.
Since most of the people are used to P&D on the OTC, they are in a belief that massive coverage will change the trend.
It will not... it might give an intraday push and that's it.
We are focused on delivering. We will continue report material news, sooner than later, but we wait a bit with branding.
Except GWPH
Assuming they will possibly interview new CFO as well...
He did, but this doesn't happen overnight.
Explanation received from OWCP re: low R&D:
"our R&D is either outsourced to a laboratory so it's booked as G&A or being executed by Dr. Baruch himself and the expense is booked through his equity compensation. The safety study is conducted in a federal hospital (90% of hospitals in Israel are governmental) which is a non-profit organization and as such, when the study will be finished we will just have to cover the direct expenses."
Getting really ugly in here...
this is just sad to watch at this point...
"and/ or new investors"
e.g. similar to the non-interest bearing loans received from Emilia Cosmetics and Michepro (before Michepro deal was cancelled).
Can a mod sticky this please?
Agreed, Jack needs to release that news sooner than later.
What are you interpreting as taking longer than expected?
And again... delayed is the wrong choice of word. Nothing is delayed, MMEX is hitting milestones as planned and announced.
~18 mos is rough timeline of permitting for 50k+ bbl which is standard for any entity, not just MMEX. They're working with Trinity on the permitting process and it will get done in time... refineries aren't approved and built overnight. Especially since a major greenfield refinery hasn't been built in 40 years.
That wasn't what you posted. You said the 50k bbl was shot down which is an inaccurate and misleading statement.
At least the grammar has improved lol.
50k bbl shot down? What are you talking about? They decided to go with the 10k bbl unit first because it offers an expedited permitting process (for 10k unit only) and streamlines cash flow, but the full 50k-100k bbl refinery is still the long term goal... it wasn't shot down. They plan to go through the appropriate permitting process for the full refinery in parallel to the 10k unit.
Strongly suggest you listen to the summit presentation recording.
Exactly, people can't/don't change in 30 years... smh.
Dr. Merav Leiba, who serves as the Head of Multiple Myeloma Outpatient Clinic and Multiple Myeloma Research Lab at Sheba's Hematology Institute, is a senior science advisor for OWCP and leading the MM study for OWCP - www.bloomberg.com/research/stocks/people/person.asp?personId=325525470&privcapId=44468111
Is she in on a scam??? I wonder if SMC knows what she's up to?!? LOL. Maybe you like to send her an email and find out: Merav.leiba@sheba.health.gov.il
~30 YEARS OLD... Dated 1988
I only found sources stating 60%, but I only did a quick search, so there might be subsequent updates stating 80%.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12035254
Start listening @ 33:30 for Jack's reply to your question...
Jack Hanks/MMEX at Southwest Energy Summit
"... why isn't BP, Exxon, Shell doing it? ... they don't want to go through the brain damage to do it and the environmental problems, and they need to build a 100k or 200k bbl refinery. We don't have to..."
Hear that? Crickets...
Eh, I'm ok. Good luck.
Never met the "team" and don't care to, to be honest. Only a matter of time until this scam is shut down.
You honestly think they have the capability to produce something better than the tech demo'd by the Japanese company in the video?
Doubtful, but who knows... maybe Lay is an alien and is about to share his alien tech with Earth. LOL.
Doesn't matter what shell they buy into, Dreamlife is a scam too.
There's an entire company in Japan working on 3D projection via laser tech - Japan's Laser 3D Image Display
The images in the demo in the video look very rudimentary... I highly doubt the Hollywood clowns in Dreamlife can produce anything better.
Dreamlife is more of a Hollywood hoax than anything else.
don't be surprised if this scam gets tagged with SEC suspension.