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Owcp chart looks electric, resembling an engineered path of a rocket ship that is just only loading on dock bay. Clearly guided and kept within strict parameters, with definitive momentum, and thorough support on all consolidations. The chart appears to be setting up a great advanced upward and away!
PS: OWCP just formed a cup, it may consolidate with a handle for a while before it takes off
Chart: Dead Cat Bounce Today:
You guys can see for yourself tomorrow this will tank.
Read my notes on the financials of this company. They have $4million in losses and now acquired $400,000 debt at 10% interest. A seven month loan only: http://www.otcmarkets.com/ajax/showNewsReleaseDocumentById.pdf?id=28492
Also see here in the Sedar filings from Canada $4million in accumulated losses:
http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00027960
They may not want you to know that ^^^
Finally see where the chart is headed with low volume. Dying volume:
Dead cat bounce with low volume...dont fall for that trick guys
Just buy coins then! Its safer!
Red Sector:, bitcoin -15%, GROW -14%, btl -9.8%
Just the beginning.
You mean they raised more debt: "10%-interest Fixed Convertible Promissory Note"
Not only more debt but also more dilution in case they convert the promissory note. Oh man... you guys have no idea how bad this is.
10% interest rate! I have credit cards that charge less than that!
PS: Notice how they didnt include how many shares they will dilute in case this debt gets converted? Its a mistery isnt it? Until the next financial filling, when you get hit with dilution...
Coinbase loses case against IRS: Bitcoin oscillating. This is the reason for bitcoin going down yesterday, and today it will go down further. The crackdown has started.. and anonymity has been removed. This train is heading straight down. It started yesterday with this news:
https://techcrunch.com/2017/11/29/coinbase-internal-revenue-service-taxation/
Watch this bubble pop pop...
Im not paid, terrible chart - downward spiral imminent
The technical chart looks terrible, 2 bear flags
The bear flag started before the dip in bitcoin. So you cannot argue that this stock wet down because of bitcoin mini crash.
Here is the chart:
1. Notice the RSI is on a death spiral
2. Two Bear flasg with candle confirmation Nov 28 and Nov 29.
3. MACD Death Cross on Nov 28
4. Money Flow Index from 80 to a mere 27. That means money is flowing out of this stock as quickly as possible.
Dont say we didnt warn you. The list goes on:
The $4million in losses hadnt materialized when I invested. Now they are part of this company's history - a history of losses. Welcome to a terrible fundamental and terrible technical chart. And yes charts do matter.
Ok Where is the app? On their partnership press release, why do they purposely mislead by not including the date of the partnership which was in 2015? They used recycled news from 2015 of a partnership which didnt go anywhere - well actually it did go somewhere - to pennies - and yes $4 million in losses!
And, as I can tell, you see where this chart is going, down.
What else? Anyone want to post otherwise? This is just a gamgle guys... get out. Well, trade it, you can short it, buy low sell high, but dont get your hopes up. This is not a good company. Enough said.
Digaf has terrible fundamentals + technicals, charting simply supports the fundamentals, which are also in really bad shape:
That makes a terrible investment decision. $4 million dollars in accumulated losses, no app for a cell phone, negative going concern, no income, just a false hope. Hope that a PR is published tomorrow. The last REAL PR this company ever issued was in 2015, and they repeated the same partnership on the pr they used now to rope in unknowing investors to get into the blockchain bitcon hype. By the way since that 2015 partnership they continously lost money, over and over.
You speak about gambling. Well the odds are against you here. You may as well go to a casino near you and bet on red.
Im done here, good luck to you.
The technical chart looks terrible, 2 bear flags
The bear flag started before the dip in bitcoin. So you cannot argue that this stock wet down because of bitcoin mini crash.
Here is the chart:
1. Notice the RSI is on a death spiral
2. Two Bear flasg with candle confirmation Nov 28 and Nov 29.
3. MACD Death Cross on Nov 28
4. Money Flow Index from 80 to a mere 27. That means money is flowing out of this stock as quickly as possible.
Dont say we didnt warn you. The list goes on:
I get trading. I dont recommend holding. GTLU ladies and gents!
I am out! Peace!
This post is regarding DIGAF $4million in accumulated losses. Read them here: https://uploadfiles.io/yv4ef
The news they filled in their recent press release about the partnership is from 2015. And they dont have an app.
Lastly a quick reminder: Market professionals will be open to opinions contrary to their own, and use them to prove up their own thesis and risk management. Whereas, novices will immediately attack the contrary opinion and defend their own. The pro searches for the truth and the path to profit, where as, the amateur will fight to be right at all costs (including the cost of losing his/her own money).
No that is incorrect. Have you read the losses at $4million?
Also have you seen the disclosure saying they are concerned about moving forward. Please read for your sake, do your dd and post your findings.
This company is not in good financial standing.
These are the latest filings:
https://ufile.io/yv4ef
There are major losses (over 4 million over the course of the years). I wouldnt touch this stock as I myself have lost money in the past.
Also rjunior has a point, they dont have an app.
Actually rjunior is correct, I have owned digaf before and followed it since 2015.
The news release they quoted is from 2015, not from recent news. The partnership is old news.
Also he is correct in finding they do not have an app.
But the most important thing he exposed is the $4million in losses and the deficit currently.
The company also has a major going concern. You have to examine the sedar filings rjunior posted.
All together I lost a lot of money on this company before and do not come close to it ever again.
Its all in the filings. Look at the sedar filings and you can see the filings for yourself.
Hope this helps. Peace!
LINK SHOWING US MJ BULL MARKET EPIC:
https://marijuanaindex.com/stock-quotes/united-states-marijuana-index/
OWCP PROOF OF AUSTRALIAN PATENT
On November 8, 2018, the Registrant was granted a Certificate of Patent, #2015101908 (the “Innovation Patent”) from the Commissioner of Patents, Commonwealth of Australia, for the Registrant’s proprietary cream for the treatment of skin disorders. The Registrant’s skin cream has been proven, pre-clinically, to lower various inflammatory markers by up to 70%
https://seekingalpha.com/filing/3767230
1) IP Australia Granted by Australian government body:
http://pericles.ipaustralia.gov.au/ols/auspat/quickSearch.do?queryString=one+world+cannabis&resultsPerPage=
Australia innovation patent is not a provisional patent.
Do not allow misinformation on this board shake you of your shares.
Other patents:
2) Canadian Intellectual Property Office
http://www.ic.gc.ca/opic-cipo/cpd/eng/search/results.html?query=one+world+cannabis&start=1&num=50&type=basic_search&newSearch=0
3) Israel Patent Office (click English in top)
http://www.ilpatsearch.justice.gov.il/UI/RequestsList.aspx
Patent app no. 253066
http://www.ilpatsearch.justice.gov.il/UI/RequestsList.aspx
Patent app no. 252504
4) European Patent Register
https://register.epo.org/smartSearch?searchMode=smart&query=one+world+cannabis
5) World Intellectual Property Organization
https://patentscope.wipo.int/search/en/result.jsf
Liven up! This was .30 before hype, before lawyer sell out, before any pump.
It wont go sub penny. The reason it went sub penny is because a law firm they sold shares as payment decided to sell off their shares.
Yup, thin ask
ASK getting thin till .50...
Perspective: OWCP was .30 before all the hype & before lawyer sell off.
Compare it now where it is, with a market ready cream, 2 patents filed, ready for Germany...
This is way oversold here.
Mediq Most likely 3-6 months - OWCP has a market ready cream:
1) Verified plan of action now by a third party Mediq: most likely 3 months to 6 months
2) Germany being the largest market after USA.
3) 5 Million people are affected by Psoriasis in Germany according to Mediq
4) Patent Filed for EU and USA
5) CFN Media next week
6) News throughout period.
Agreed: NEWS+RISING SECTOR+SELL OFF IS DONE folks.
Get in for next week and/or long term
Hey guys, 6-9 months was also confirmed to me when I called yesterday.
This is not a matter of opinion, you just have to call and you will see for yourself.
Buckle up for 2018!
Yes, this slide has to do with the entire sector ahead for July 27th.
But the sector is unaware that we are NOT affected by this as we have GERMANY SALES COMING.
Here is July 27th significance: http://www.cnn.com/2017/06/17/politics/jeff-sessions-marijuana/index.html
Sales to start Q3 in Germany!!
Market ready Cream! Dont let anyone fool you otherwise!!
Yes, OWCP will be listed in the Canadian Exchange soon. TSX or Venture, it will be a lot more stable and less open to attacks like this. We know what we own!
1) CREAM MARKET READY + US PATENT FILED: http://www.prnewswire.com/news-releases/owc-pharmaceutical-research-corp-announces-market-readiness-of-its-cannabinoid-based-topical-cream-for-skin-conditions-starting-with-psoriasis-631038953.html
2) EURO PATENT FILED TODAY: http://www.prnewswire.com/news-releases/owc-pharmaceutical-research-takes-further-actions-to-protect-its-intellectual-property-633576713.html
3) CREAM DISTRIBUTION MARKETING FIRM HIRED TO ENTER GERMANY: OWCP + Mediq Collaborate to Introduce Cannabinoid-based Psoriasis Cream in Germany
https://psoriasisnewstoday.com/2017/06/01/owcp-and-mediq-collaborate-to-introduce-cannabinoid-based-psoriasis-cream-in-germany/
No Diversion here, Just pure moving forward and agressively.
Short term revenues make sense to start with Germany because we have market ready cream.
MODS, can you please sticky this NEWS post?
Their business is RESEARCH. They have multiple products. So they will need more money going forward for research and development of those products.
Psoriasis cream is market ready and they have $2million in the bank to launch.
GOT IT?
PS: You bought at .53 cents correct?
They will need more money for other products, no the MARKET READY PSORIASIS CREAM.
Get it?
Also: Friedland confirmed US Patent on Live Radio.
The interview is conducted by Mark Leibovit, this is who I subscribe to and they have OWCP on their cross hairs.
This Interview reveals it all:
Quote:
BREAKING: FRIENDLAND CONFIRMS PATENT FILING:
JEFF FRIEDLAND: "It's fascinating....The news announcement on Monday June 26... a full patent application was filed with the US Patent office."
- on Wall St Raw Radio at the 28 Minute Mark: http://tinyurl.com/yak38zs8
FULL NOTES FROM INTERVIEW:
Quote:
1. Friedland: "It's fascinating....The news announcement on Monday June 26... a full patent application was filed with the US Patent office... A lot of people have topical products out there But OWCP's psoriasis cream has undergone a huge amount of trials in Israel, and Israel is 95% of Cannabis research in the world.
2. Mark Leibovit: "OWC had many products on the pipeline, this psoriasis cream is just one of many."
3. Friedland: "Yes... the one I am most fascinated about is that OWC is doing some ore clinical work for Multiple Myloma. Nothing right now conventionally kills multiple myloma cancer cells and the preliminary results that they did with mice, in 60% of the mice, 100% of the Multiple Myloma cells were killed. It's not human trials but those are quite significant. What people have to understand about OWCP is that it's a pharmaceutical development company. They have to also understand that OWCP is about the Cannabis space in Israel and its scientists - and that's keys. OWC and it's management team over there are incredibly plugged into what's happening in Israel, which is leading edge on Pharma development worldwide.
4. Leibovit: "Jeff Friedland has been involved with the Cannabis space in Israel and USA (including cultivation facilities and dispensaries ie Colorado) for a long time."
5. Friedland: "I am delighted to be involved in the space in Israel, USA and Canada. I love this space. Israel is an emerging market."
6. Leibovit: "I am very excited too and the Médical Marijuana space offers a great opportunity for investors and helps a lot of people. This was not a paid interview, this was my love for the space."
OWCP R&D @ $1.43MIL Q1/17 PROOF:
The main business of OWCP is the illustrated also in the NAME of the company:
OWC Pharmaceutical RESEARCH Corp.
- What is the main purpose of this Corporation? RESEARCH & DEVELOPMENT!
a) This is a RESEARCH Corporation.
b) This is a DEVELOPMENT Corporation
AS SUCH GENERAL EXPENSES ARE DIRECTLY TIED TO DEVELOPMENT AND RESEARCH: AKA R&D!
R&D Expenses are Outsourced R&D.
Also R&D is an EXTERNAL COST of the R&D, General Expenses are for INTERNAL STAFF.
Internal Staff would NOT be booked under R&D expenses because they are INTERNAL STAFF
IT IS NOT OVERHEAD COSTS:
Overhead refers to all non-labor expenses required to operate your business.
CHECK THE R&D ADMIN AND GENERAL COSTS BELOW OF WHICH $1.05 MILLION IS SALARIES!:
See financial statements below:
https://www.sec.gov/Archives/edgar/data/1431934/000129534517000150/owcp03312017.htm#Condensed_Consolidated_Statements_of_Operations_and_Comprehensive_Loss
OWCP R&D HUGE @ $1.43 MIL LAST QUARTER!!
OWCP IS AN R&D COMPANY and both items: General and Administrative and Research and Development must be looked at here:
1) General & Admin (directly involved in R&D)
2) Research and Development (R&D expenses)
See financial statement:
https://www.sec.gov/Archives/edgar/data/1431934/000129534517000150/owcp03312017.htm#Condensed_Consolidated_Statements_of_Operations_and_Comprehensive_Loss
Sell off is done. Remorse setting in for those who panicked
Classic OTC panic sell.
Yup, Summer Dull Drums Folks. Just have patience and enjoy the pool and the kids.
Strong Support at .55
This rocket is set to take off soon
Euro Patent is stronger than US: So I disagree.
The KEY is in Yehuda Baruch's message from the Press Release this morning regarding the European Patent Application #EP 17178303.8:
- Dr. Yehuda Baruch, the Company's Chief Science Officer and OWC's Director of Research and Regulatory Affairs stated, "The European market is VERY important to OWC and our product implementation strategy. POPULOUS EUROPEAN COUNTRIES including GERMANY, Italy, Spain and Greece all have medical cannabis programs , and therefore are key markets for our psoriasis List of European Medical Marijuana friendly countries per Medical Marijuana.EU :
Euro Patent is Bigger News than US Patent Because it is Open to Medical Cannabis Immediately without Marijuana being stigmatized as a Schedule 1 and no Jeff Sessions in Question.
http://www.medicalmarijuana.eu/gallery/22-european-countries-cannabis-laws/