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That is BS, nobody is preaching to a choir. It would appear that many share my view and assessment of the problem. It has nothing to do with peeking at anything.
The "IR" team that you are frequently referring to in a derogatory and mocking manner, were proactive in enlightening Ziv Turner as to why the conversion formula was problematic. There was no "inside peek"! That is a ludicrous statement given that it's been in plain view for almost 3 years now, right there in the original loan agreement.
So Kirkland is now the saviour. What important facts is he communicating that we didn't already know? If he cares so much about the company why did he not communicate those facts to the previous management. Kirkland watched while the Titanic captained by Bignitz, Hirsch, and the rest of the crew members, was headed straight to the icebergs without any attempt to change its course.
To me, Kirkland's last ditch effort to recapture part of his investment is just that. What was communicated in yesterdays filing is to put everybody on notice that he has the potential to convert his remaining 366 preferred shares into a trillion common shares and own 99.9% of the company. But then, wait for this, in the same filing he is essentially saying I'm not going to do that, I want new management that recognizes my endless appetite and love of the game. You see, just like a monopoly game, it's not much fun when you control all the properties. In order for the game to go on there has to be a redistribution of wealth.
The difference between the previous management and Ziv Turner is that the former knew that they were headed towards an iceberg and rather than do something about it, they decided to jumped ship. Ziv on the other hand made it very clear to Kirkland that the status quo was not going to work and it was no longer acceptable.
I made Ziv aware of the problem with the conversion formula. He recognized that it was indeed problematic and needed to be addressed. I spent more than two years chastising previous management for agreeing to such a formula in the first place and not making any attempts to amend it. Bottom line is that what Kirkland "communicated" yesterday was nothing new. We, or at least I did, always knew that the conversion threat was always there.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162157371
So the 122 page registration statement is meaningless. If it is then why did Kirkland make reference to it? The only thing that is meaningless is your interpretation of it. If what you're suggesting were to be true then the company should have folded two years ago. Fact is, triggering events notwithstanding, the company still has the right to issue up to another 19,500 preferred shares and assign voting rights to them to trump any takeover attempts by Kirkland or anyone else.
The "Traveler" that "was busted" has a name but it's not David Roberts.
I'm not defending "siv", I'm simply clarifying that he is not the one that ran the ship aground. It was a last ditch effort on his part to save it. So he failed, but I think he tried.
Let's call it a trillion, an easy even number. However they have not been converted and quite obviously they will not be.
I don't believe that there is anybody here that reads it the same way that you do. Oh but yes I forgot, Kirkland made a mistake in the statement. So I guess tomorrow we should expect an amended statement.
This is laughable. There is so much rejoicing over the prospect that DGF is dumping the OWC Board and bringing back Pignitz and Mr. Whilst Massive Value to run the company again. Maybe he will lend them a few more million to continue with their "research".
Only someone that is very naive or has had their head buried in the sand would come to the conclusion that Turner was the problem.
I'm not preaching to the choir. I was simply replying and disagreeing with your suggestion that the turn of events was indeed due to Turner.
This is from the June 14, 2018 Form S-1 filed by OWC:
Well said! A Hail Mary is all that it is. There is more to the story. Maybe Kirkland just wants a slightly better offer. As far as I know he was offered the keys to the palace but decided to pass.
They own no commons. They just own the threat that if they were to convert, they would own 99.9% of not only the voting rights but also of the common shares.
How many times did I point out over the last few years that the problem with the loan was the conversion formula?
What do you think Kirkland is going to do with a trillion common shares? Especially when they are shares of a company that you have been insisting for years that it's worthless!
Yes indeed, it's an opinion that is highly valued. Thank you for reminding us that is an option.
There is no end to the BS!!
Another BS!!!!
Lol!!! Love the cheerful greeting.
Lol! Lol!! Experts?
I didn't say that I did nor have I ever denied it. I prefer to keep you guessing. It must be driving you mad, but I don't care. Have a great day!
You must have missed the announcement of the "IR" team employed by the previous management that you and so many others, without exception, strongly supported and defended.
The scammer from Florida, who was as dense as a doorknob, was paid handsomely by Bignitz. But of course that was legit because the engagement was revealed in so-called "official" filings.
How did that work out?
That is so close to the truth and reality that it's almost scary!
Ok so what you're saying is that unless there is an announcement the debt is still there and the lawsuit is still festering? Has it not occurred to you that there must be something going on behind the curtain?
If there is anything that is dormant it's the website, social media accounts, and the company itself. After all what is there to tweet about if one can barely detect a pulse? Oddly, contrary to anything that you have said, the only thing that still has some life is the IR. Try it, I've had good success in getting responses.
Remember how you were so quick to attack anyone that even hinted at a negative or disturbing aspect of the company?
MjMilo has come to the conclusion that it's an absolute waste of his energy to engage with you or any others that make it their mission to relentlessly attack someone for no other reason than to satisfy their own shortcomings.
Good for him and for those that he has established an open line of communication with. One that is civil, positive, and productive.
Don't expect information in this case. You are not going to get it!!! Your best bet is to contact IR....Oh yes I forgot, the IR was not officially announced.
Is this not the kind of BS that we have been hearing for years?
I just figured it out! Lol
Dear English teacher, unless this is bait that was meant to elicit a response, I think what you meant to say is bated breath not "baited".
Ok CATV class, carry on now. This is going to be a great year!
You had material information that could have spared people a lot of pain and grief, but you chose to do nothing. Did you send emails to management, did you alert the SEC perhaps, or did you just continue to post on this board? As the self declared People's Champion there is a lot more that you could have done to mitigate the damage. Unfortunately you failed miserably.
No we are not looking at the same company. We are looking at a sky that is no longer blue!
The list of 15,000+ shareholders is over 330 pages long and I was told your name Ivan Glow was definitely not on it. If you're concerned I suggest you contact Emily at 919-481-4000 or by sending an email to proxy@issuedirect.com. They are extremely helpful.
I detect nothing but sarcasm. What is amusing is that some people are actually falling for it. The switcheroo is astounding!
Vaxil Provides Update on USAMRIID, Oral Experiment and Other General Business Matters.
https://ca.finance.yahoo.com/news/vaxil-provides-usamriid-oral-experiment-125000357.html
That is a great copy and paste job. I'm impressed! Can you now tell us how DGF is going to get their money? It seems to me they are just ahead of us on a long line-up.
Thank you for providing the evidence. This should make you know who very happy!
Finally decided to pull the trigger and establish a small position. Don't people follow the news with this stock?
Does anyone know where the $200k went? I don't have it, do you? IG has been asking the same question at least 6 times a day for the last two months. He is obviously very concerned about that money.
Squirming around trying to justify your misunderstanding of the loan agreement? You made the initial false statement in your reply to a comment by Blue Skys:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161100374
Here is your answer:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161104702
It is laughable that you can't even remember that you're the one that started it. Blue Skys was correct with his impression that the loan could be paid off at will by OWCP with interest...and applicable penalties.
Here you go. Read it and try to understand exactly what it says. Hint, Blue Skys impression was correct and so was mine.