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Isiah is back on Twitter. Isiahhemp.com is a blank screen with a spinner. I mentioned they had made some changes in the wording a few weeks ago. They dropped the reference to OWP in the coming soon description. Also no mention of OWP in the updated bio of Isiah just Isiah Hemp and Cannabis Products listed as one of 5 Isiah International companies. Looks like they removed the sports and entertainment as part of Isiah International.
As Chairman and CEO of Isiah International LLC, an investment holdings company, Thomas is also the owner of five companies: Isiah Real Estate, a development firm specializing in commercial properties; Isiah Imports, a champagne imports company, (Isiah Capital) private equity and asset management firm; Isiah Hemp and Cannabis Products, a hemp and cannabis product company; and GRE3N, a utility vegetation management & pipeline/utility management company.
Waiting patiently.
$OWPC
Heartland is already more economical than standard plastics and that's at American rates as their farms are in the US. Colombia is up to 90% cheaper in producing raw materials.
Hemp-based plastic vs standard polypropylene/talc base...Cost Savings 7.39% Weight Reduction 11.67% Carbon Reduction 30.06%
Hemp-based plastic vs standard polypropylene/calcium carbonate...Cost Savings 6.64% Weight Reduction 11.67% Carbon Reduction 30.06%
Hemp-based plastic vs standard polypropylene/glass fiber base...Cost Savings 9.61% Weight Reduction 9.74% Carbon Reduction 35.90%
Hemp-based plastic vs standard polypropylene/recycled glass base...Cost Savings 11.55% Weight Reduction 9.74% Carbon Reduction 28.18%
Hemp-based plastic vs standard polypropylene/carbon fiber base...Cost Savings 70.29% Weight Reduction 9.04% Carbon Reduction 76.83%
It would seem that there is a lot of truth in the statement from a previous article that the supply chain issue is the main issue. A sustainable reliable supply sufficient enough to support mass adoption is what it appears Isiah is trying to deliver here and Stellantis is already in.
It's been a little over a year since Stellantis began the development program. It may seem like an eternity to us but it's really not that long considering everything that needed to be lined up. Land, farmers, seed supply, crop harvesting(special equipment for husk separation), logistics, pellet preparation, logistics, exportation, logistics, molding manufacturing, and end buyer.
Then there is the issue of not wasting the leaves and flower with a whole different supply chain, processing, and end user.
With the volume Isiah stated Stellantis alone would be looking at by 2027, 30,000 tonnes or 60,000,000 pounds, I imagine it has been quite an undertaking to develop. I think it was in September that Stellantis said the next stage of the supplier development program had begun. OWP was chosen to develop and supply so if we are in the next stage then that would be to supply.
Closer every day.
$OWPC
Just had shares I have been holding for 4+ years jump 2000%. Reverse merger. Hopefully an Omen of what's to come here.
Good time for an RM, Mr. Thomas.
$OWPC
Freebies! Glab I held.
Notice the nameplate is Isiah international, not One World Products?
Also Isiah International added a new page for Isiah, with no mention of One World Products.
https://www.isiahinternational.com/isiah-thomas-ceo-chairman
It does list Isiah Hemp and Cannabis Products as one of the 5 companies of Isiah International.
Also Isiah Hemp has changed the wording. It used to read just like Isiah Automotive,
Isiah Automotive is dedicated to developing, producing, and marketing automotive hemp-based products of One World Pharma (OWP) to the global automotive supply chain. Now it does not mention OWP, and the pop up reads...
ISIAH HEMP IS COMING SOON
ISIAH Hemp, a minority owned ESG company and part of ISIAH International, is dedicated to developing, producing, and marketing hemp raw materials for hemp-based products such as hemp-based bioplastics, hempcrete, hemp-based textiles and feed. These hemp-based products not only result in a net reduction of CO2 over their traditional counterparts, but in the case of bioplastics have the potential to be 25% lighter than their petroleum based equivalent. Therefore, our initial focus is to impact the global packaging and automotive industries supporting their shift to new and innovative usage of bioplastics.
Still signs, IMO, that Isiah is looking to bring Isiah International public through OWPC. Any idea that he may have just stolen contacts and opportunities for Isiah International and going to abandon OWP is pretty easily dismissed by his personal investment in OWP.
This would be the time to do it for many reasons.
LFG!!
$OWPC
It had to go through a 10-vote process in the house. I really thought it would take longer than it did. I had quit checking, then bam through the senate. Looks like a sure thing from this point. Petro is fully on board.
Going to give a huge advantage to the companies already approved for THC production and distribution. I think we are already approved for 13 strains.
$OWPC
Colombian Senators Approve Marijuana Legalization Bill
https://www.marijuanamoment.net/colombian-senators-approve-marijuana-legalization-bill/
The Colombian population is California, Washinton State, and Oregon combined.
The chance of importing any supply is extremely low.
$OWPC
By the VAT paid on September 30th, it looks like the refining equipment is finally in Colombia. At 19% it looks like they added something. Over 1.7 million in equipment if taxed at the standard VAT tax.
Other assets consist entirely of a $180,521 and $147,194 VAT receivable at September 30, 2022 and December 31, 2021, respectively, which will be returned upon the successful export of the products purchased in which the taxes were originally paid.
This also indicates that Isiah WAS originally planning on a January installation. Now we know it was a problem with capacity and code at the original facility.
So the equipment is here, the new facility is compatible, and a 56% increase in employees all around Oct 1st.
News imminent. IMO.
$OWPC
OWP dropped DennardLascar as IR. They should get a refund as well. The most unresponsive IR I have ever tried to contact. Hopefully, they will put more value on shareholder communication with the next one.
$OWPC
I guess it wasn't actually 2 million. The O/S was 65,861,631 and went to 67,202,907. An increase of 1,341,276. After reading the 10-q more thoroughly, yes that was all AJB.
As disclosed in Note 11 above, the Company paid a commitment fee to AJB Capital of $250,000 in the form of 1,250,000 shares of the Company’s common stock (“Commitment Fee Shares”) in connection with the issuance of the Second AJB Note, which was repaid on September 27, 2022. During the six month period following the six-month anniversary of the closing date, AJB Capital was entitled to be issued additional shares of common stock of the Company to the extent AJB Capital’s sale of the Commitment Fee Shares has resulted in net proceeds in an amount less than the Commitment Fee. As a result, the Company issued an additional 1,341,276 shares of common stock to AJB Capital on September 15, 2022. The fair value of the shares was $134,128, based on the closing price of the Company’s common stock on the date of grant.
That has to be gone, or very close to it by now. By the t-rades we saw it really looked like arranged buying for large chunks of those commitment shares.
We have a bounce coming, with nothing to get in the way. This is too low a PPS considering 2 institutional investors and the CEO are in for over $4,500,000 at $.15.
Won't take much in the way of news to get us back up, IMO.
$OWPC
ALPS may have been AJB Capital selling the balance of their commitment shares to cover $250k. The OS increased by 2 million around the end of September and went straight to unrestricted. It looks like they are done as this is the first day they were not on L2.
I have been on Vacation and have not thoroughly dug into the 10-Q until this afternoon.
The best line, for me, was..." The note was repaid on September 27, 2022.". That was in reference to the AJB convertible note that matured on September 24th. That note would have buried us, added 10-15 million by my estimation and probably bought the PPS to at least 03-04, IMO. Very Glad to see that gone!
With no threat of incoming shares, this is cleared for take-off! Now we need some news!
$OWPC
It is a $750k promissory note at 8% interest backed by preferred B shares at .15. Rare to see this in the OTC. All these investors are showing great confidence in the company, just don't know what time frame they are thinking.
$OWPC
Another $750,000 investment backed by preferred B shares. Who is this Dr John McCbe guy?
Funny, institution investors and the CEO buying in at .15 and retail acting like .09 is pricey.
$OWPC
Share structure updated, no changes.
https://www.otcmarkets.com/stock/OWPC/security
$OWPC
With the hiring they just did surely something is coming. They updated OTC listing 27 employees then less than 3 weeks later they listed 42 full-time employees on the S-1. It was also the first time they mentioned anticipating selling cannabis flower before the end of 2022. Not exactly building a reputation for meeting timelines but one can hope.
$OWPC
This is looking like an orchestrated effort to manipulate the share price, I have been trading for a while and a T trade might show up here and there outside of dilution but we have had some substantial T trades, 3 in the last 8 days, with no change in the share structure. Two market makers that have not been previously active on this stock have shown up in that same time period, PUMA and ALPS. Volume was flat for months then we see a huge spike in what looks to me to be organized cross-trades and likely panic selling. My guess would be some big boys are doing a little shake-and-bake. Hopefully, they know more than we do!
I will be checking the share structure first thing Monday morning but I suspect it will be unchanged just like it was after the prior week's 2+ million spike of volume out of nowhere and multiple T trades.
Might just be getting close here...maybe?
$OWPC
Join us Tue Nov 1 at 1:15pm at @NMSDCHQ Conference in #neworleans - @IsiahThomas Chairman / CEO, One World Products, will be delivering the keynote address titled "Impacting Global Disruption: Government Partnerships to Increase MBE Growth" #hempisthenewplastic pic.twitter.com/3kN9YZ8pak
— One World Products (@OneWrldProducts) October 31, 2022
Gotta see what happens but if this is the ABJ note converting in full, it is going to be absolutely brutal for current holders. Without an 8-k there's really nothing else to assume. ALPS showed up on the 25th so if the prior debt was restructured there would need to be a filing Monday. Then again they have had late filings lately and were 7 days late and defaulted in Nevada before finally filing so who knows?
The best-case scenario is a renegotiated debt and that what we have been getting hit with are commitment shares for the restructuring.
It is greatly disapointing that they are not further along here. I was remaining optimistic and hopeful but getting dumped on and having my core position return to the same PPS I bought at 3 years ago has just pushed my patience over the edge. I'm still holding that position, but not much else of what was once 3 times that amout of shares.
Long past time for Isiah to get his s#%t together and quite treating this as some part time hobby, IMO.
We did have selling before they restructured the loan the first time. They had issued commitment shares and they hit before the 8-k. Hopefully, that is the case here. There is still an option to pay off the loan, or a portion of the loan, even after the payable date, as well.
It is hard to believe that they would just let the whole thing convert. They have only added a couple of million shares in the entire year. As you said there have been several promissory notes, over $1,000,000 worth, that have no conversion option and are purely interest-based.
I always have to remind myself that Isiah has $3,000,000 in this at .15. I may be down $60k here but he's down close to $1,500,000 at this PPS.
I've been sick for a week now, probably influencing my otherwise optimistic outlook as well.
May be worth letting a few convert and let those volume indicators bring some attention before dropping a bombshell.
I guess we will see.
$OWPC
At this point, I really don't trust anything they say in a PR. Unless it is in a filing it means nothing. The S-1 specifically stated to disregard anything from the website or press release and rely only on the filing. Noted that there was no mention of any 1.2 million acres, no mention of an agreement with Stellantis, and no mention of any 650 farmers hired or 948 acres in the S-1.
No 8-k on restructuring the debt or Isiah buying more shares.
Isiah is no longer chairman of the board according to updated info on OTC.
Red flags are starting to fly.
If they don't start giving some transparency this will death spiral quickly with any substantial dilution.
If this is the ABJ note you might as well get ready for 4-5 even 2-3 cents. $640k at .09 would be over 7 million shares. With discounts much worse. No 8-ks to show any change. The note matured last month.
Hard to believe they would destroy the structure when they have seemingly been so protective but sometimes CEOs, especially those inexperienced with public companies, get sucked in by predatory lenders.
Could be commitment shares on new terms, but again no 8k, and the maturity date has come and gone so....
Pffffff
I was thinking he may be buying, not selling. Like he left so he could trade without accountability.
I had a feeling when ALPS showed up on L2 a couple of days ago that we were going to see some selling. Who is it? How much more? Will Isiah give some support if these are convertible note conversions?
It looks like arranged buying of the shares being dumped. I wonder if Bruce Raben stepped down as director to capitalize. His background is in brokering and investment banking.
I don't know. I do know one thing, I'm getting really tired of this smiley MF, CEO, spewing the same BS for two-plus years now and not executing on anything.
Gotta vent every once in a while. Thankfully, I kept my head yesterday because a part of me wanted to dump a mil and try to really tank this shit and force capitulation for a rebuy. That's probably exactly what they want though.
Pfffff
yet still
$OWPC
ALPS did some clearing. Can't really blame anyone for bailing. This shit is getting ridiculous.
Overdue for some disclosure here. The one convertible note on the books matured September 24th and though they said in a PR that one of the original investors increased their investment and allowed them to restructure the debt on better terms, we should still know the new arrangement. Then there is Isiah saying he is purchasing another $500k worth at .15. Both of these are material, and there should be an 8-k.
I can't help but feel there is something big going on in the background here.
Let it be known already! Let's go!
$OWPC
Nevada Sec of State finally got back to me on the "Business Entity Filed Documents" filing that showed up on Open Corporates but not on the SOS website. She could not tell me the specifics but said that an outside entity ordered and was granted copies of OWP's filings. This was 5 days after they "closed its office in Las Vegas, Nevada and moved its headquarters to 2332 Galiano Street, 2nd Floor, Coral Gables, Florida 33134." which was obviously reversed and 2 days after they increased the B preferred shares. I guess in hindsight that was probably Tysadco. ?
Also, I had mentioned they were in default with the Sec of State for not filing their annual list by October 1rst. They did end up filing on the 7th. They also added Terry buffalo as director and a bit of a head-scratcher they added Isiah Thomas as president. Kinda thought we were past that point, no? Strange.
https://opencorporates.com/companies/us_nv/E0451872014-8
$OWPC
There's a Newsweek interview on Spotify from 2 days ago. The first time Isiah has mentioned where the carbon credits will be coming from. The same companies they are going to be supplying is what he said. These next 3 months are the hottest for carbon credit purchases, primarily from EU companies.
$OWPC
Because the shares requiring registration have to equal the total number of shares possibly converted and the only PPS that can be used as a calculator of how many shares would be required to be registered is the PPS at the time of effectiveness, I would have to believe that Isiah would want the PPS as high as possible at the time the S-1 is made effective.
These shares are not able to be sold unless the company decides but they will still be shown as unrestricted shares and will affect both the O/S and the market cap.
There's a huge difference between having an O/S of 85 million and having an O/S of 160 million. That is the difference between the pre-S-1 and what it would actually have to be if made effective today.
As I have said earlier the proposed shares in the S-1 work out to a share price of around .53. In order to keep the S-1 as is the PPS would have to be at or above that price or have to be amended.
I can definitely gripe about how long they are taking in development here but one thing that is very hard to dispute is that they have been extremely protective with the share structure. Isiah now has $3,500,000 worth of reasons to continue to do so.
20 days is the minimum time required for an S-1 to be declared effective and not a set timeline. I have been following a NASDAQ company and they just made an S-1 effective 9/07 from 6/17 after 2 S-1/a filings in between, so 2 months and 3 weeks on that one.
Sometimes I just come back to the simple fact that the CEO has bought $3,500,000 worth of stock at $.15 and let that be enough.
$OWPC
Gotta wonder if the refining equipment has been there since the beginning of the year, like since they paid for it, and they have just been working to get everything certified to EU standards over the last 9-10 months.
When I talked to United Science about what kind of setup 1.5 million would buy they said that would be their high-capacity system plus including software. United also provides assistance in getting GMP compliance which they say takes 6-9 months.
The ONLY way they could anticipate exporting to the EU before the end of the year would be that they are also anticipating being GMP certified as the EU countries require it for all THC-related imports.
That might explain the 56% jump in employees and the multiple immediate and long-term funding.
$OWPC
I know why I hired more people. I knew what was coming. A 56% increase in employees is substantial. I would love to know exactly what they are doing.
$OWPC
I'm expecting more and more updates in the coming weeks. 42 employees now according to the S-1. Looks like they are finally about to actually begin!
$OWPC
Glad to finally see it filed. 20-day minimum now before the registration is effective.
This is typically where a company begins a strong PR campaign in preparation.
This is a $10,000,000 offering and you can figure by the terms of conversion and how many shares are being reserved where the company is targeting the minimum PPS at the time of effectiveness.
If this was the final registration statement the company would need to register 103,399,784 shares based on the current PPS.
Now if you look at the number of shares that the preliminary registration statement states and keep in mind that the equity agreement requires that the maximum number of shares are required to be registered, you can see they are anticipating a much higher PPS before the registration is made effective.
By the company stating 21,366,700 shares to be registered, they are targeting a PPS of approximately $.533 or more. 88% of .533, (.469) X 21,366,700 shares to equal just over $10,000,000.
This does not mean they will get there but it does show intent. The final registration will be amended to cover the maximum number of shares to be reserved based on the PPS at the time of registration.
3 weeks.
$OWPC
Flex-N-gate allows its customers to choose their own suppliers. What OWP is looking at initially is a mixture of hemp collagen to oil-based plastic at a 30/70 mix. This is the current ratio of the majority of the current "bio-plastic" made with vegetable oils, starches, etc. These mixtures function the same as traditional plastics and do not require special injection molds or forms. The transition is really just a matter of supply and approval from Stellantis.
December 2021...
Might be go time.
October is also the biggest month for the issuance of carbon credits.
$OWPC
Been a long time in development here. Time for some execution!
$OWPC
I love the way Isiah is pointing at that part. Like he's saying "this is us". Nice color choice as well. Hemp fiber, 40% lighter and 3 times stronger than carbon fiber. Sure would be a perfect fit for a hardtop. If this is a prototype, which is what it appears, then the mold is set and it could simply be a matter of approval and go time.
$OWPC
Anyone who is familiar with NASDAQ revenue requirements knows there is ZERO possibility of OWPC getting uplisted as is. They could get 200 million in carbon credits and 100 million in sales between now and a year from now and still would not qualify. There has to be 11 million in pre-tax review for the last 3 years but at least 2.2 million a piece for the last 2 years.
The ONLY way for OWPC to list in 2023 would be a reverse merger of a company that could meet the revenue and other requirements. The only SEC stipulation is that the new company still has to wait one year from the time of the merger to be listed.
So when the company states "It better positions us toward our capital markets' goal for 2023 of an up list to a major U.S. national exchange" they are either naive to the rules (which is highly unlikely considering the CFO), completely full of crap (which is possible but I really wouldn't see the point), or they are looking at a reverse merger that would meet the qualifications and also planning that merger before the EOY as they would need a full year before an up-list.
Then I go to the statement immediately following that quote..."At this time, the Company has yet to decide on any recapitalization structure or timing, as our Board and management continue to believe our stock is undervalued."
A reverse merger would absolutely fit the definition of a recapitalization structure in every measure of the definition. Recapitalization balances the asset/equity to debt ratio and the better the ratio the higher the valuation and obviously the value of the stock.
TIMING
"...our control over the timing and amounts of future equity capital which allows us to take advantage of sudden increases in our stock price."
It's coming.
$OWPC
Thomas emphasized in the PR what I have been saying about the SPA since the 8-k was released. This is an agreement designed to be executed at a much higher PPS which alludes to the expectation of something in the works that would create the conditions to make that pssible.
It's about timing, and he said that in the PR...
At this time, the Company has yet to decide on any recapitalization structure or timing, as our Board and management continue to believe our stock is undervalued.
Obviously, you can not capitalize on the SPA at all until the shares are registered so the S-1 is the first step.
Recapitalization structure is a change in equity, debt, and often the nature of operations. It's all there just a matter of timing. The S-1 should file within the next 2 weeks per the SPA agreement.
$OWPC
It's definitely possible if Isiah brings this all together. With Chevy, Ford, and Toyota getting on board, the carbon credit potential, and Buffalo's likely connection to the retail markets, he may be at a point where he is comfortable, and confident enough, to bring in his other companies. He could have this on the big boards next year if a R/M is what he is doing here.
Looking for the S-1 and prospectus first. That may lay out the business plan more clearly. This is a big board SPA. I just looked at one this morning on a NASDAQ ticker and it was set up the same way. In order for this lender to agree to these terms, they were likely given more info. The prospectus lets us see it as well. That is why it is required with the registration of the shares.
Within 30 days, beginning August 31rst, so coming soon.
$OWPC
That is the key here. It would make absolutely no sense to the existing executive and 5%+ shareholders unless there is a plan in place to dramatically raise the PPS before any execution of this SPA and they were all needed to approve the agreement as Isiah only holds a 28% vote at this time.
Then you just start looking at realistic means that would raise the PPS to levels where this SPA would be both effective and minimally damaging to existing shareholders.
A reverse merger of Isiah International and its 1 billion+ in assets and multiple revenue streams would definitely bring it where it would need to be and there is so much evidence pointing to that being the coming catalyst, IMO.
Those real estate assets were acquired to provide low-income housing. Isiah was not looking to flip the properties. So how do you most effectively capitalize on the value of those assets without selling and dislocating the residents and without jeopardizing the properties by using them directly as collateral?
Makes plenty of sense to me.
$OWPC