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Love the run... hope we continue well above a buck... but still won't get any of my shares... Locked up until 5-10 bucks when I will sell 10% of what I own.
Lets talk about usefulness. I just found this out. My Grandfather who is near 90 is a retired high level officer from the airforce. In the last 10 years he has undergone a hip replacement an back surgery where they fused a few vertebrae. He has been through several wars and seen more that most could imagine. To deal with some of the pain he and help keep himself going he was on a lot of prescription painkillers. So apparently my hard right, country loving, God fearing grandpa tried CBD oil. And guess what. As of this past week he has cut all of his pain killers out and is now only taking the CBD oil.
I share this because no matter what your background or political stance. One thing is for sure.. MMJ is effective at addressing certain issues and those who give it a try quickly find out it's value.
Looked good today. Hoping Monday is a rocket ship. Still got most locked up in ODub but if this pops I'll have more play money. I think .25 is reasonable in the next few months with what is coming. Volume was killer today. Love it. Trend will prove northward and very nice consolidation between .01 and 0.012. I highly doubt we come back to these levels after leaving them.
Because it gets more regulations into the stock. Opens the company up to where the money is. (Canadian MJ stocks has lots of US money in it for legal reasons that they haven't pursued here in the US.
Whats a few fees when you get the blatant manipulation handled and have ETFs helping to stabilize the price.
With Revenue happening anytime now. I doubt we see any dilution.
The 50 SMA will cross above the 100 SMA on the daily today. Should make for some good things. Glad to hear about those that are getting to amazon. I hate not being first to market but our cream is the only one who has undergone any kind of scientifically approved testing. We could easily get on Amazon and much more very quick.
First to market always has the advantage but I will say this much. OWCP's leadership is picking up steam.
Expecting great things.
What I really like about the trading is that we had good consolidation in the 30s and are working on consolidation in the 40s. There is definitely money coming into OWCP and we are on the uptrend. It will just take a little time or the right news to keep accelerating. I also like how we have not had a gap to make the excuse to need to close. Would love to see the slow walk up to a buck second week of January. We shall see.
I do expect OWCP to set new highs within the next 3 months.
looking to end November at 65 to 75 cents just on the chart. Canadian listing takes place and everything bounces. Also this accumulation could be the ETF buying in for it's launch.
5 people could harvest at least 3 times that a day by hand. This shit stinks to high heaven. Glad I sold when I did. Check back every could of days to see if the lies have been confirmed or if by chance there was truth behind there 200 acre harvest. I can say this. If only 1 field was harvested (which was communicated it was completed and starting on 2nd field over 4 weeks ago) then the second field is a complete loss. My guess is that the leadership here is laundering the money like crazy to keep the millions from being traced.
Zomby... didn't take a hard look at it but it is the Agrosphere ETF from what I saw in the article. Perhaps started over with a converted fund... may have been their approach from before... don't have time at the moment to do a thorough dig but will later. Agrosphere was the same company though from this back February.
This is the same ETF that filed earlier this year and then was put on hold. Sounds like it is being given the green light. This ETF announcement is also what I believe drove up MMJ stocks in Feb and if I recall correctly OWCP was on the mentioned holding list at the time.
I see no reason they would change that though mix might change. Would be awesome to be on ETFs in the US and in Canada.
Wondering if OWCP trip to New York several weeks back had to do with meetings to discuss being listed on this ETF and what their criteria were. I'm sure they have been working to finalize their portfolio and ratio of holdings.
Looked at the price per share and could have sworn it said 0.95. Sometimes being dyslexic is great... Then you realize it was something completely different.
Oh well. Let OWCP churn here if it must.
Joe- BTW we know for a fact the new addition was on board before the 10/31/17 because it was mentioned that an audit group was formed in the chairman news letter.
I think OWCP took a month or so to evaluate the benefits of listing but it was clear by the time the chairmans news letter came out that they were in the process of cross-listing. Followed by the 10k/q amendments which if you look at listing requirements would be required half way through the process. The updates would have been released after completion of this step. I'm honestly expecting something between now and the next few weeks tops but feel like next week or the start of the following would work. Remember neither of these countries observe the US holiday.
Lego... this is nearly the first thing you have said that I agree with. There is obviously a correlation between pps and clay's video's. Sad truth but none the less the truth. In the end though it won't matter. OWCP is heading out of this pennyland and back into dollars. So much more to come in the next 4 months. And where we are at in 4 months won't compare to where we will be in 2 years.
I've got time and patience. And OWCP has an amazing leadership team who knows how to get to transform the company into the worlds leading cannabis pharma research company.
There is an underlining truth with the abilities of our leadership team now and it is becoming obvious to those who pay attention. When the world catches on we won't know what to say about our bank accounts for those who entered at these levels.
This is so funny. Look at the last hour volume yesterday compared to the first hour of today. Nearly Identical amounts on the hourly chart.
So obvious. Just trying to create panic and fear.
Know where we are going and it's out of pennyland forever and moving to dollar land.
If your going to buy more shares then best get in now. This will close green or very close to it today and continue green on Friday.
Same thing happened to the other stock that had a patent announcement issued. Day 1 was a nice price move.. day 2 big pull back and closed slightly green. Next 5 days up 5-15% daily and still rising.
Not worried. This is a weak hands shake out before more upward movement. Big moves like this need to have those who aren't going to lock up shares or who are just looking to flip shaken up a little. OWCP is just leaving the train station.
Volume will be up until everyone who sells/stop losses is done and then the buyers will buy back at discount prices.
There is a good chance we go to the TSX near a dollar and that will still be under market value here.
Quite or not... there is a whole world outside of Ihub. Its my opinion by looking at the charts that this movement is not over. Recently another company I follow released that they had been approved for a MMJ patent... It's a week later and they still are moving up and now up about 200% from where they were a few days before announcement.
Very pleased with the leadership team's performance and communication. The new addition to the board only further cements by believe that OWCP is distinguishing itself from all the rest. The kind of caliber the recent additions to the leadership team prove this. These highly skilled and knowledgeable individuals don't leave mid six figure jobs to be paid in low priced shares with a 2 year waiting period to retrieve them.
I expect we will see another patent approval before the end of the year and likely up list to the TSX within the next 2 weeks.
Right now the rush is on to adjust the PPS to the value the patent and the new board member brings. We will likely continue to climb higher with the knowledge of listing on the TSX and what value that will bring to the company. I expect that the next 3 to 4 months will steadily climb to new highs. Especially as revenue starts to flow in from the Medical Cannabis Cream being sold in Europe, Canada, and select states.
Lets not get ahead of ourselves. Very Very nice to see everything setting up so nicely. We can see the professionalism and for those that have done their D&D they can see OWCP is playing the long game. In the end we know where we are going. The timeline, and price points along the way are still up in the air. I mean we could get a buyout offer for 7 dollars a share tomorrow and that be the end... yes immediate gratification but with respect to where we will be in 2020 very short sited.
Always easier to play the waiting game when you are green in your account. Much harder when you are red. I hope and do think in the near future we will be in dollar land. But we won't get there tomorrow. Days like today are awesome and if you are a flipper/trader then the spikes are what you live for (This one still has legs) But if you are investor... slow and steady.
Even though my first buy of 100k shares was over 3 dollars I've averaged down substantially. Though painful I haven't sold a share because I know long term where we would be... I'll be green before we get to dollar land and I do think once we get there that we will stay there.
Take your time folks. The train is pulling away from the station and will start accelerating up to speed but we will sustain our high speeds once we get there.
Yes... very impressed with the recent additions to the leadership team and the changes in presenting and communicating with shareholders/public. Very obvious this is not a OTC company.
Now for more patent approvals, TSX cross-listing, and any collaborations or partnerships, and revenue from launching medical cannabis cream
Yes nice timeline on news... and the addition to the team was nice... definitely didn't think we would have the patent a week ago to help drive value.
That patent alone once the science if fully approved by pharma clinical trials is worth billions alone.
Revenue hoping soon from the Medical Cannabis Cream. Big big things coming.
How long till next PR you think? I still think TSX within 2 weeks.
Just wait for the TSX cross list then getting picked up by a couple hedge funds. Then more patents. By that time we will likely have revenues starting in early Q1 2018.
I really don't think we will need to raise more money... I think we have enough and with revenues coming in from the Medical Cannabis based cream.
Agree... Very happy to see this 10Q. Very professional. Keeps building my confidence in the company. Just a matter of time. Things keep getting better.
I firmly believe that we will be on the TSX within 2 weeks. We will likely be seen as way undervalued for what we have when those do their R&D and I'm hoping/guessing that we might see exchange funds take a stake in OWCP which will help smooth the volatility as we will likely have a weighted positions in their holdings. I do think we will go above a buck just with this event. I also think we will have revenues any time now until 3 months or so from now and I think there are other things in the works which will allow for us to achieve the 4+ dollar price to uplist prior to end of June 2018.
OWCP leadership is creating a synergy of events to put us where we need to be. I wouldn't be surprised though to see share buy backs though before things get to expensive.
Just some thoughts... but I do believe NASDAQ is in our not so distant future (within a year or less).
Agreed. I'm expecting more of the same. But I will say this much. I was impressed with the new investors presentation and I do think the new leadership recognizes the importance of punctuality so I wouldn't be shocked if we did get the actual 10Q on time moving forward.
We shall see... what is obvious is the change in professionalism coming out of the leadership team and I'm pleased with these changes.
Staying tuned and holding strong. Come 2020 our .30 PPS shares will be worth 35 to 40 dollars each easily. And we won't be going from here to there. We will see steady rise in price as revenues start coming in and funding our operating costs. Wouldn't be surprised if in a year or so they start buying back shares to reduce the OS and continue to help lift us to NASDAQ level. I do fully expect that we will qualify and be at least in the process of listing to the NASDAQ by mid year 2018.
By the way the only thing it appears we don't meet at this point is the PPS... https://listingcenter.nasdaq.com/assets/initialguide.pdf Pg 9 NasDaq Capital Market listing requirements
So you agree that it will be this quarter or next that we see movement because that is when we will see revenue from sales from the Medical Cannabis Cream (Cosmetic as we have called it).
Correct and what many seem to be missing is that OWCP will be revenue producing from the Medical Cannabis Cream (The cosmetic Pathway we have discussed here) as it is market ready. By 2019 we will have (assuming no new business which they have already said there will be more) 2-4 million/month. So not only will they be revenue producing and self sustaining funding wise (see quarterly burn rate) but then we will have the trials completing in 2019.
My point... the cost of entry into OWCP is going to be insane compared to today by the end of 2018/start 2019. I personally rather have 30k shares for 10 grand today and wait a year then to have to spend 300-450 Grand for 30k shares by end of 2018 start of 2019.
Knew they were there last week... didn't know they would be doing two week.
I'm very excited... I mean here because no one was hearing from the company they thought they weren't doing anything... and it's so obvious now that the change in leadership and this period of silence has been very purposeful and a lot has been happening. Just saying... this covers essentially through October but doesn't talk about many things which are in the works which are not able to discussed.
OWCP... Working Hard for the shareholders.
Agreed...
Looking forward to what happens in the next days/few weeks. The stage is being set for something amazing. Lets not forget either about the possibilities deals with Big Name Pharma.
That is not actually true as the company has laid a strong breadcrumb trail to confidently draw this conclusion. (Of course they will not come out and say it in case something doesn't go as planned).
OWCP has two different pathways for the cream... The less regulated one is market ready... AND HAS BEEN... just waiting on finalizing the other application study... Which we know is complete by the recent Patent grant (check out the details)... Additionally we know from earlier this year that OWCP will be marketing to Europe first and from shareholders contacting them they said product would be sold in 6 to 9 months.. this was in June. We also know from this presentation that MOUs are in process for Canada likely for the less regulated cream.
But it should also be mentioned that no revenue projections were given for the Tablet... which by the way is also market ready.
They have essentially told us to expect sales before the end of Q1. Looking at their quarterly breakdown of research costs they project 329 thousand for the whole first half of 2018 year. Product on the market being sold will offset this and by the time we get to q3 2017 our revenue will outpace the spend rate. 100k a month meets their current spend rate per quarter and they are projecting 2 to 4 million per month within 3 years after launch. It's reasonable to think after a 3 to 4 month span that they will reach the 100k per month and continue to grow.
You are right... 2 years is a lot of time to save money to buy but don't forget that in a matter of about 5 to 6 months we will likely be trading between 5 and 7 dollars a share. And by the time we get to 2 years.. we will likely bet 15 dollars a share or more.
0.30s is way undervalued. And this entry point is a STEAL... get them while you can... 0.30 to 30 bucks is a lot better than $15 to $30.
Agree'd... Far from impossible but still have several milestones and time to get there. With that said. I don't think it's out of the question to reach a 500 to 750 million market cap in the near future. At 48 million current marketcap we are considerably undervalued... (2Million*12=24Million*20times revenue=480Million... at 4 million per month=960Million) Also it should be noted that the revenues projected are conservative and MMJ are currently trading at 60 times revenue in Canada.
OWCP is going to go for a strong run here as we will start generating revenue very soon and likely before Q2 2018 we will be self funded by our revenue.
Here is what really interest me about the new presentation besides all the obvious things in it...
OWCP leadership seems to be setting themselves up for HUGE moves in PPS. Everyone can tell and now can see that OWCP leadership deserves respect and trust.
I'm looking forward to being self sustaining with revenues coming in... (Guessing this will happen at some point in Q1 2018)... The Canadian exchange listing, And honestly... all the things we don't know.
I honestly feel that the 10Q will be on time (and even if it's not no worries) and that it will hold even more information. I also expect that we will hear about the Patent approval, and I still think there is one or two things we don't know about that is coming within the next 4 weeks.
OWCP is not an overnight P&D... it's the real deal and anyone can see that. I expect OWCP leadership to create synergies in PRs that will allow for a NASDAQ up-listing within the next 12 months. I also feel that there is more to OWCP than mets the eyes.
Glad to know all their progress, and excited to hear what else they have in the works.
This investors presentation is great and I believe we can all rest easy (as long as your happy with the number of share you hold). If not.. you better get in board this train because we are leaving the station and not coming back.
It also sounds to me that by end of 2020 OWCP will be a 60+ dollar per share company.
Regarding the cream being sold as Medical Cannabis Cream first as opposed to waiting for all the trials for the pharma cream, I think that the purpose of having two different pathways under the RoadMap slide... I think this also aligns with the "Market Ready" we heard earlier this year. And according to all that... well any day now we should have product on shelves.. Note: It might not be under OWCP Brand.
I expect Canadian listing within 2 weeks.... This is based off Chairman newsletter and TSX stages of listing and when we received the amended 10k/q's.
These are the kinds of presentations Big Pharma like to see. Who Are You, Why are you different, Prove you know your science, What's your plan, How are your financials, and What are your projections over the next 2-3 years.
These kind of presentations also attract Big Money too.
Timelimes where not moved... problem is that unfamiliar investor don't know biotech. This is about right and you can see they have a structure now. This was not clear before and that is what caused to all the speculation.
Lets not forget we will be revenue generating any day now from the Medical Cannabis Cream (What we have been calling the cosmetic cream) with 2-4 million/month revenue within 3 years of launch. The Pharmaceutical cream which goes on to phase 2 in Q1 2018 is an anticipated BILLION dollar annual revenue pipeline.
REVENUE ANY DAY
They did actually... look at slide the ROADMAP slide. We know that the Medical Cannabis pathway is market ready.
I think this presentation was update.. followed by an ON-TIME 10Q, then Canadian exchange listing. Medical Cannabis Cream (What we have been calling cosmetic cream) on shelves, followed by Pharmaceutical Cream published results. Which will have taken us into Q1 2018 which we should be hearing about the Pharmaceutical Phase 2, and Oral Digestible Tablet phase 1. And results thereof.
Kraken I would think the timelines serve that purpose. They could have been a little more clear about when MedMar will have the Medical Cannabis Cream on the market but we all know from before that we are due any day from now to February... And they told us they expect it to be worth 2 to 4 million in revenue per month after 3 years from launch.. Then said they had other MOUs in Canada...
I'M VERY VERY VERY pleases this this presentation.
I would agree with you completely.
This presentation shows that they are listening to shareholders even though they might not be responding to the bitching and are actually focusing on getting it done.
A few things I noted:
1. Cream- There is a Pharmaceutical and Medical Cannabis (OTC/Cosmetic type) application. It appears the Cosmetic is ready for distribution (OWCP previously previously stated it was Market Ready... Which means developed and if you look at their developed slide they project 2-4 million/month after 3 years from launch) and the Pharmaceutical cream will be going to phase 2 but it's VERY nice to see their timelines to the quarter and that will be a huge revenue driver that they project being worth 1 billion in revenue per year.
2. COMPLETELY DEBT FREE and FUNDED THROUGH 2017.
3. For I-glow they gave their amount they are spending on research broken down by quarter (Refer to research costs in Israel vs US for why it's not 100s of millions)
4. Quarterly burn rate is about 300k and expecting to end 2017 with 750k cash on hand. (Translation... Don't expect we will need money until start of Q3 2018)
5. And most importantly "Additional MOUs in Canada – in negotiation"= More MONEY
Essentially MedMar stated they would have product on shelves anyday now...OWCP just gave us the project revenue of 2-4 million per year after 3 years of being on the market and that other MOUs are in the work....
So yes... anyone who lets this go for less than 2 bucks tomorrow is a silly. OWCP will soon be SELF FUNDING- (Revenue at 2Million per month is equal to 24 million per year (Look how low our research cost are) and then you have to factor in your multiplier which is typically 10 to 20 percent for biopharma companies but MMJ Biopharma companies are trading for a 60x plus multiplier right now on the Canadian Market...
Oh by the way... Canadian Cross list in 2 weeks. tops.
THEY JUST TOLD US WE ARE GOING TO BE MILLIONAIRES From this level in and basically confirmed over 5 bucks a share in months.