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"That's a good step for the company. It can go current from the expert market in 24 hours and trade more easily."
How?
The filing in SDNY refers to an entity that through DGF's own doing was removed from the company months ago....
So how does the company come current?
Exactly who is running said company now?
There's no Turner.....
Maybe Mr. Kugelman will change his mind and come back...
That may be so..so was the case in the Chancery court last spring....how did that turn out?
DGF is in control of the company since they kicked Turner and Ritterband to the curb months ago.
There is no "Ziv's lawyer".....just like there is no valid action in the SDNY Court.
Nothing more than a desperate attempt by DGF to enable itself to dump shares.
Kugelman was never there except in name only.
Ziv moved on a long time ago.
The inability to see this for exactly what it is...bs by DGF.....
I guess based on everything else..It shouldn't be a surprise.
DGF better be very careful....or they'll be shut down.
This farce will end very soon for them.
I'm sure Ziv is shaking in his boots.
No idea or opinion right now......
The filings from DGF tell the whole story...and are conveniently ignored...
The lack of any action while Kugelman was in charge...is also a red flag and conveniently ignored...
The fact the company had no money ..is also conveniently ignored as is assigning the responsibility for the demise of the company...
The fact options were repeatedly offered to DGF is also conveniently ignored...
One thing is for sure.. DGF never had any interest in running and transforming the company into a going concern.
All Kirkland ever wanted and still wants is to convert and dump...and at whose expense?
Get ready for the loud thud tomorrow!
Frankly I was expecting it to be removed already...
The fact it's still there after the Catv lawyers submitted documents to the OTC markets group outlining their position is puzzling..I must admit.
No idea when the CE will be gone at this point.
Waiting.....
Excellent points!
We'll just have to wait and see how this all plays out.
I don't believe for one minute that MF was in on this....
Why at this point in his life after everything he's achieved would he just throw it all away...
The company he has started is very real.
Unbelievably he has been caught up in this web of longtime criminality.
If MF is guilty of anything it would be of not performing proper and extensive DD on the CATV shell.
I still do find myself asking why this shell?
That's to me the biggest question that keeps circulating in my mind and I am attempting to find out exactly what is going on, on various fronts with the company and a few people involved with it.
So far...just silence....and this doesn't give me a warm fuzzy.
The point is being missed here...It's not the lawyer that's potentially lying..it's his client..the lawyer can only work with the facts as supplied by said client and build from there....
The client is a career criminal...nuff said.
Here are some facts...not opinion...
DGF and Kugelman have had access to all filings/financial info from the company for almost the past year.
Blaming others for the decision of DGF to not invest one penny into the company when they claimed to control 99.9 percent of the company...oh wait...they then revised that to say they own now more that 4.99% but less than 9.99%.....through filings.
Well which is it?
Kugelman, the man John Kirkland put in charge ceremoniously kicking Turner and Ritterband to the curb, and who had been touted by many as the savior of OWC recently bolted...no longer wanted to be associated with DGF...and didn't like where this was going...
What does that tell you?
And interestingly the whole time Kugelman was there he did absolutely nothing...not an action or a peep out of him.
This must be Turner's fault I guess...the logic is mind blowing.
At no time in almost the past year did John Kirkland or his lawyer(s) ever make any request for anything from the company in Israel...not once..
Also for the entire time Kugelman was supposedly running things not once did he communicate with anyone in Israel....
So let's be straight about what really is going on here....
Blame Turner..don't blame Turner...
The ruling that required the company to resume trading more than 1.5 years ago, carry out a proxy vote(s) (Turner tried twice) and restore their status to full disclosure through filings was based on several things...first and foremost getting the support of shareholders to move forward....
Shareholders rejected both votes. The company had and still has no money.. to do anything further...
That's Turner's fault?
There were several overtures made to John Kirkland which would have put several millions in his pocket.
DGF has already made back their initial 5 million.
He said no to each and every offer...
Not willing to compromise....only interested in converting and dumping billions of shares at the expense of shareholders...
That still holds true today.
So Turner remained handcuffed by something he hadn't orchestrated...this was the legacy of Mordechai Bignitz....
Turner also made it quite clear he hadn't returned to the helm of the company to be beholden to DGF and John Kirkland.
Ritterband and shareholders were advised of that.
Over the past year and a half DGF has had ample opportunities to turn the company around if that's truly what they wanted...
Their actions in that regard tell a very different story....and so they have turned to their last idea which is to try and use the courts against...who and what?
How many filings riddled with half truths and outright lies have they submitted to the OTC?
The fact is the 23rd of September is coming...get ready for a collective thud when all the bs being peddled as far as the SDNY and the Chancery court results in nothing more than a collective belch.....
They can't compel Turner to do anything..after all Kirkland had Turner and Ritterband removed a long time ago...
Turner has nothing to do with the company any longer and hasn't for quite a while.
He has been fighting for former employees and creditors through the court in Israel.
There has been absolutely nothing in recent months to stop DGF from taking control and doing something with the company...they could have turned things around if that was ever their intent...it never was..
Let's just blame Ziv Turner for everything.
If nothing else the bs that DGF have repeatedly tried to pull can and will potentially be exposed....or at the very least...all this noise with the courts does FA.
This is done.
THe Low family has absolutely nothing to do with OW any longer..It has been that way for a while...The only connection is that Jeffrey Low's kid did his military service in the Israeli army and Ziv kept an eye out for him. I believe he still lives in Israel....I found him on FB...that's it...no other connection in that family as Jeff is already on to something else....
Nope..from everything I know it all comes down to possible lack of proper dd..I don't believe for one second that MF would throw everything away like some are implying...it just doesn't make sense.
As far as referring to said affidavit.... How much do you actually think being alleged through depositions by the criminals is actually truthful?
LOL.
Like BL said...nothing is confirmed or verified as the truth...lots of speculation...
I rely on what I know and who I know...and I know MF hasn't been contacted or implicated in this bs by any legal authority.
Until and if that changes..this is all noise.
I think that is the real issue here...and at the very least why wasn't better dd done on the shell to ensure there were no issues?
Please list verifiable not speculative things done by "other" management personnel that constitute criminal activity.
There have been complaints that MF hasn't done anything to further his new company.
The attached link shows exactly what new MJ entrepreneurs are faced with when they try to start a company and the efforts being made to make the industry more inclusive and how they are forced sometimes to use their own money to purchase expensive licenses....
Michael recently purchased a license in FLorida that cost upwards of 70k.
There's a lot more going on than we as investors in CATV are ever aware of.
https://www.businessinsider.com/why-its-so-hard-to-start-cannabis-weed-marijuana-company-2021-8
Actually one man should be in prison..Bignitz.
Please list verifiable not speculative things done by "other" management personnel that constitute criminal activity.
FACTS.....
Not bs from conspiracy websites and fringe medical professionals....
Amid fears of new variants emerging and evading COVID-19 vaccines, health experts are repeatedly pointing out that being fully vaccinated is very different from being unvaccinated.
“We have to be very clear about who we’re talking about,” Dr. Jeremy Faust, an emergency physician at Brigham and Women's Hospital and an instructor at Harvard Medical School, said on Yahoo Finance Live (video above). “The Delta variant is extraordinarily dangerous for the unvaccinated, and it presents a problem for the vaccinated that the previous variant did not, but they’re not in the same ballpark. When we see the implications of most breakthrough infections, it is a small fraction of the problem that we saw without vaccination.”
According to an analysis of 38 states and D.C. by the New York Times, unvaccinated Americans in those states were five times more likely than vaccinated Americans to be hospitalized with COVID-19 and eight times more likely to die. A CDC study found that between May 1 and July 25, 2021, unvaccinated residents of Los Angeles County, California, were 29 times more likely to be hospitalized by COVID-19 than their fully vaccinated counterparts.
'Not convinced that boosting everybody is actually what’s necessary'
The CDC recently announced that booster shots are now available for immunocompromised Americans, which includes those with certain underlying conditions or taking specific immunosuppressants.
The Department of Health and Human Services (HHS) stated that boosters would become available for all Americans eight months after their second dose of the COVID-19 vaccine, beginning this fall. This was met with mixed reactions from the public.
“I think that given that we don’t have a real emergency on our hands with respect to breakthrough hospitalizations in the sense of we’re not having hospitals overflowing, it would be very wise to study what we should actually do, rather than guessing,” Faust said.
The World Health Organization (WHO) criticized the move and called for a moratorium on booster shots until the world reached vaccine equity. Many health experts are also cautioning against it because of a lack of evidence that it’s necessary.
Faust explained why he is apprehensive about widespread distribution of booster shots until the overall vaccination rate in the U.S. increases more.
“I think that Delta is an uncomfortable development because it makes it much worse for people who have no protection who were unvaccinated, and it causes more breakthrough cases than any other variant has in the past,” Faust said. “And a small subset of those people do have severe illness. The question is what to do about it. And I’m not convinced that boosting everybody is actually what’s necessary given the numbers that I’ve been crunching.”
Last month, Israel began administering a third dose of the Pfizer vaccine among those ages 60 and up, and found that it offered 5-6 times greater protection against serious illness and hospitalization after 10 days.
Nevertheless, "I don’t think that we would expect that boost to suddenly render everyone impervious to infection forever,” Faust said. “Again, it seems like a bandaid now. If you’re a very small country with a limited hospital capacity, that might be worth doing but you can only do it so often in terms of younger people. We really need to know what the benefit added is from the booster because the vaccine already provides tremendous protection against severe illness and worse.”
There are three COVID-19 vaccines currently available in the U.S. Pfizer (PFE)’s is 95% effective at preventing serious illness and death, though these numbers are lessened by the Delta variant, the vaccine from Moderna (MRNA) is 94.1% effective, while Johnson and Johnson (JNJ)’s is 86% effective.
MF had no choice..these agreements had precedence starting in 2013 when they were drawn up....and in 2015 when the AS was changed.
He took over the shell and immediately assumed all outstanding obligations....that is how it works.
There is no smoking gun here...
So putting the shares into escrow was obligatory.
What I am wondering is why buy a dirty shell?
I also realize that just because one has achieved professional accreditations in anything...doesn't mean they are perfect in every way and that they can't make mistakes.
TO me that is what is at work here.
MF didn't look carefully enough at what he was acquiring.
There is no fbi investigation of MF or the company.
Let's just put that to bed here and now or until facts are presented from an authority that do say the opposite.
UP to this point those facts don't exist and anything being written in that regard are just opinions and rumors and carry no weight whatsoever.
Can't wait for what? This will never get current again.
DGF has had ample opportunities and still do to turn this company around.
DGF as per John Kirkland's own words will not invest in this company.
Why do you think for the six months Kugelman was there absolutely nothing happened?
He didn't even once communicate with Israel, the court in Israel or with shareholders.
Some suggest that Kugelman will turn the company around.
The fact is Kugelman bolted from the company a couple of weeks ago.
What isn't there to understand here?
Seriously....this is over.
As far as CATV and Michael Feldenkrais....
Opinions will always just be opinions.....not facts.
I also don't take as truthful proof anything filed from criminals or toxic lenders.
How about we just wait and see how this plays out.
The CE will be removed soon....of that I am sure.
It was an automatic reaction by the OTC....because of the Svorai bs.
MF has spent a considerable amount of money to have this cleared up with the OTC and it will be.
The company is not being investigated nor is MF.
The one thing I might agree with is that MF is not adept at running a business.
I'm not worried...there's plenty of help available to him.
The doom and gloom being pushed is bs.
Another Israeli scam?
How about the fact that twice, not once, there was an attempt made to resurrect the company.
It was up to shareholders to either support those efforts or not.
Or not was the victor.
So this is an Israeli scam?
Let's refresh the memory here....
OWC Pharmaceutical Research Corp. Letter to Shareholders for Upcoming Proxy Voting
Press Release | 08/19/2020
OWC Pharmaceutical Research Corp. Letter to Shareholders for Upcoming Proxy Voting
Shareholders meeting is set for Aug 31st, 2020. The proxy includes proposals for a reverse stock split and authorizing additional shares of capital stock.
PR Newswire
PETAH TIKVA, Israel, Aug. 19, 2020
PETAH TIKVA, Israel, Aug. 19, 2020 /PRNewswire/ -- OWC Pharmaceutical Research Corp. (OTCQB: OWCP) ("OWCP") announced that, on Aug 31, 2020, the company will be holding a shareholders meeting to vote on a Reverse Split ("R/S") and increasing the Authorized shares ("A/S").
OWC Pharmaceutical Research (PRNewsfoto/OWC Pharmaceutical Research Cor)
Dear Shareholders,
During June of 2020, I returned to the Company as the CEO of OWCP and as Chairman of the Board, at the request of Mr. Ohad Amir and Mr. Zvi Riterband. Both were nominated by the previous management team with a mission to salvage the Company from its difficult financial position.
The Company had selected to file a Form 15 with the Securities and Exchange Commission ("SEC") suspending its periodic reporting requirements and the termination of registration. After my return, to the Company, management decided to change that strategy and concluded that it was in the best interest of everyone to continue as a reporting company. Efforts would be made to pursue new equity investments. Therefore we filed a Form 15/A with the SEC to continue trading.
OWCP and its wholly-owned Israeli subsidiary One World Cannabis, Ltd. will continue in medical cannabis-based research and development, applying conventional pharmaceutical research protocols and disciplines to the field of medical cannabis, with the objective of establishing a leadership position in the research and development of medical cannabis therapies, products and delivery technologies.
After six years, I'm excited to announce, again, that on March 31, 2020, the U. S. Patent and Trademark Office granted the Company a patent for its CANNABIS-BASED EXTRACTS AND TOPICAL FORMULATIONS FOR USE IN SKIN DISORDERS, no. US 10.603.301 B2. Details of the event and additional information will be presented in a research report directly after the high holidays.
The Company has additional assets including a sublingual tablet which has completed a full safety study at the Tel Aviv Sourasky Medical Center (https://www.tasmc.org.il/sites/en/Pages/default.aspx). The tablet is a delivery system for active cannabinoids which is designated for a stand-alone and a combination treatment for various diseases.
A new delivery system, a 'must-have' is the IV EMULSION for the MMJ markets. The development has been completed and it's waiting for further tests.
Lastly, we have more patents at various stages of filing, waiting for approvals with new medical devices and delivery systems for active cannabinoids.
The opportunities for such unique, innovative and clinically tested products for the medical cannabis markets are strong.
However, the Company will need additional shares of common stock available for (a) new investors to raise needed additional funding, (b) satisfy our existing obligations to current shareholders, and (c) make potential acquisitions of synergistic companies, products and technologies.
I received many emails and messages asking for information about the Company's prospects, patents' status, "where are the science reports?!", why a proxy, and some suggestions, leads, ideas and concerns.
The proxy offers two options to vote on for a low R/S (1:10-20) and an A/S increase to 2.5 billion shares of the Company's common stock.
Approval of the proxy proposals should give us time we need to secure new investment dollars, allowing us to stabilize the Company financially and to move forward to the point of a true market valuation based on our MMJ products and IP.
We are finalizing an updated business plan, which may need to be modified based on the outcome of the meeting. The key drivers of our future are two: selling products and seeking growth through a business combination or strategic alliance with a 'Seed-to-Store' (Growth and Dispensary) in the U.S.
I, together with our Board, hope to get your support on the proxy proposals, and help us lead our Company to fulfill its dream and business goals that started six years ago.
Together we can do it!
Logo - https://mma.prnewswire.com/media/1221239/OWC_Pharmaceutical_Research_Logo.jpg
Contact Information:
Mr. Ziv Turner
Chairman & CEO
Ziv@owcpharma.com
+1 940 304 2224
+972 54 550 0450 (for WhatsApp users)
View original content to download multimedia:http://www.prnewswire.com/news-releases/owc-pharmaceutical-research-corp-letter-to-shareholders-for-upcoming-proxy-voting-301114931.html
SOURCE OWC Pharmaceutical Research Corp.
What would have been the point of spending any more money if the company had it to provide filings etc if there is no support for those efforts.
It's not rocket science.
And where are these so called financials going to appear from?
The claim that Mr. Turner can be compelled to produce financials when he has absolutely nothing to do with the company...and that DGF has been in control of things for the past six months...but now decides to step back and act like they are nothing more than a harmed creditor is laughable.
Why didn't DGF exercise control with Mr. Kugelman and clean everything up..as they claimed to have control of almost 100% of the company?
Or am I imagining those filings never happened?
SDNY court and the Delaware court...there's nothing there.
If anything the risk is DGF exposes their idiotic moves and this all gets tossed out..or at the very least...nothing comes of it....just like DGF's first go round with the Chancery Court.
Still waiting on that?
With regard to the latest court activity there is no one to respond from the Israeli subsidiary.
Kirkland saw to that...so these claims are both frivolous and disingenuous.
The opportunity for common shareholders to divest of any shares still being held is now over or at the very least close to being over.
To the trips and then the grey graveyard.
Bignitz orchestrated the entire scam (DGF)..and now he's being held up as one who supposedly saw through some kind of irregular activity perpetrated by Low and Turner?
In a part of the world where facts don't seem to matter anymore this type of reasoning and logic may be acceptable to some.
Bignitz at some point will be held criminally responsible for what he did.
He's not an example of anything good and shouldn't be held up as an example for anything but criminality.
Low and Turner.....where are the facts?...instead what we are subjected to are opinions with little basis in reality.
ROTFLMAO.
This announcement today of a further delay with no details is BULLSHIT!
It's like the company is intentionally driving the stock price into the gutter.
Read this BS...no details.
CorMedix Inc. Announces Regulatory Update
BERKELEY HEIGHTS, N.J., Sept. 07, 2021 (GLOBE NEWSWIRE) -- CorMedix Inc. (Nasdaq: CRMD), a biopharmaceutical company focused on developing and commercializing therapeutic products for the prevention and treatment of infectious and inflammatory disease, today provided an update with respect to its resubmission timeline for the DefenCath New Drug Application (“NDA”). CorMedix has encountered delays at its third-party contract manufacturer (“CMO”). The Company was informed by the CMO that there are issues that are unrelated to DefenCath manufacturing activities. The timeline for CorMedix and the CMO to address deficiencies at the facility that are required for resubmission of the DefenCath NDA is uncertain at this time. We will provide an update when more information becomes available.
About CorMedix
CorMedix Inc. is a biopharmaceutical company focused on developing and commercializing therapeutic products for the prevention and treatment of infectious and inflammatory diseases. The Company is focused on developing its lead product DefenCath™, a novel, antibacterial and antifungal solution designed to prevent costly and life-threatening bloodstream infections associated with the use of central venous catheters in patients undergoing chronic hemodialysis. DefenCath has been designated by FDA as Fast Track and as a Qualified Infectious Disease Product (QIDP), and the NDA received priority review in recognition of its potential to address an unmet medical need. QIDP provides for an additional five years of marketing exclusivity, which will be added to the five years granted to a New Chemical Entity upon approval of the NDA. CorMedix also committed to conducting a clinical study in pediatric patients using a central venous catheter for hemodialysis when the NDA is approved, which will add an additional six months of marketing exclusivity when the study is completed. The Company received a Complete Response Letter from FDA stating that the NDA could not be approved until satisfactory resolution of deficiencies at the contract manufacturing facility, including in-process controls for the filling operation. CorMedix also intends to develop DefenCath as a catheter lock solution for use in oncology and total parenteral nutrition patients. It is leveraging its taurolidine technology to develop a pipeline of antimicrobial medical devices, with programs in surgical sutures and meshes, and topical hydrogels. The Company is also working with top-tier researchers to develop taurolidine-based therapies for rare pediatric cancers. Neutrolin® is CE Marked and marketed in Europe and other territories as a medical device. For more information, visit: www.cormedix.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties. All statements, other than statements of historical facts, regarding management’s expectations, beliefs, goals, plans or CorMedix’s prospects, future financial position, financing plans, future revenues and projected costs should be considered forward-looking. Readers are cautioned that actual results may differ materially from projections or estimates due to a variety of important factors, including: the results of our discussions with the FDA regarding the DefenCath development path for marketing authorization; the resources needed to secure approval of the new drug application for DefenCath from the FDA; the risks and uncertainties associated with CorMedix’s ability to manage its limited cash resources and the impact on current, planned or future research, including the continued development of DefenCath/Neutrolin and research for additional uses for taurolidine; obtaining additional financing to support CorMedix’s research and development and clinical activities and operations; preclinical results are not indicative of success in clinical trials and might not be replicated in any subsequent studies or trials; and the ability to retain and hire necessary personnel to staff our operations appropriately. We continue to assess to what extent the uncertainty surrounding the Coronavirus pandemic may impact our business and operations. These and other risks are described in greater detail in CorMedix’s filings with the SEC, copies of which are available free of charge at the SEC’s website at www.sec.gov or upon request from CorMedix. CorMedix may not actually achieve the goals or plans described in its forward-looking statements, and investors should not place undue reliance on these statements. CorMedix assumes no obligation and does not intend to update these forward-looking statements, except as required by law.
Investor Contact:
Dan Ferry
Managing Director
LifeSci Advisors
(617) 430-7576
First of all... I don't accept the linking of Ziv Turner and Michael Feldenkrais as "schemers" with a "definitive plan" to defraud investors.
I don't accept DGF's facts and also don't accept that because they file something it must be true...
DGF has already shown they can't be trusted.
4.99..99.99....more than 4.99-less than 9.99 ownership...seems they can't make up their mind exactly what they own and control...
Flip flop and fly....
How many different stories have they spun?
How many SEC filings with altered information...have they filed?
The first go round in the Chancery court ran into a wall..
It went nowhere....
Also who responds to this latest attempt by DGF?
There is no one running the company/subsidiary in Israel.
DGF saw to that.
Melinda Spitzer spelled it our succinctly.
When tough questions are asked they are either ignored or glossed over.
DGF has run out of options in Israel and this action in the SDNY Court is just another move covered with desperation to offset the big problem they find themselves embroiled in....created by their own financial gluttony, their own stubbornness and stupidity.
Unlike DGF , OWC Israel no longer is an operating entity and there is no one to look after anything related to the company any longer and this is a direct result of DGF doing what they did....over playing their hand.
All the bs in SDNY court is a direct result of their mismanagement and mishandling of this mess.
Again I ask...what can possibly come out of this ridiculous lawsuit as far as enforcement of any ruling?
The American courts do not have the authority to make anyone formerly associated with OW Israel living in another country do anything especially after the plaintiff is responsible for the fact there now is no one at the helm in Israel....insolvent or not.
Kugelman finally bolted last week when he realized the path DGF had decided to take was less than virtuous and wanted no association with DGF or John Kirkland. He took immediate steps to protect his name and reputation.
Kugelman through his lack of any action on behalf of DGF, the company or shareholders was a name rental...nothing more..nothing less.
Forget the fact in the more than 6 months Kugelman was at the helm he did absolutely nothing...never communicated with anyone.
This activity in SDNY has no relevance on anything other than DGF's ravenous appetite to dump shares.
Exactly how will that happen?...
There is no party interested it seems in resurrecting the company, especially DGF because that would require true intent to move the company forward by putting it back on terra firma.
So really, this is only about DGF having the right to convert and dump shares...nothing more,,,nothing less...
Shareholders should take advantage of the closing window imposed by the SEC which will be enforced in about 3 weeks to divest and get something for their shares and use the write off...
That's all that will come out of this...IMO.
OWC will be relegated to the grey sheets where it will be delisted and shut down.
How does OWC have the ability to become Pink/current?
A ruling from a judge in the SDNY?
This lawsuit exposes the lunacy and total regard for shareholders of OWC and the total lack of responsibility that John Kirkland and DGF have shown throughout this whole ordeal.
Message being forwarded from brokers to it's clients:
Upcoming regulatory changes to certain OTC securities that you may hold in your account. On September 28, 2021, new Securities and Exchange Commission (SEC) requirements go into effect that will impact the way certain "over-the-counter" ("OTC") securities can be quoted, traded, and valued in your account. These industry-wide requirements impact OTC securities classified as "Pink-No Information," which indicates that the company has failed to make current financial and other company information publicly available. To help improve transparency and investor protection, these securities will be classified as "Expert Market" and the SEC will prohibit market makers from providing quotes.
Next Step
Before September 28, 2021, you may submit requests to sell your securities based on available market maker quotes. Beginning September 28, 2021, market centers may cancel any open GTC sell orders and new orders to sell1 will be treated as “Grey Market” securities when sent for execution and will not be displayed. There may be difficulty or delays in processing your order, which could execute at a price that differs significantly from the last price provided. There may be a change in the value of the position in your account. On or around September 25, 2021, orders to buy Expert Market securities will not be accepted and open GTC orders to buy will be canceled.
BTW...the only way this works out for DGF is if they petition the court to change the registered capital so they can convert more shares.
Ostensibly this would happen in the state Chancery court in Delaware.
They already had this option in the first go around with that court and did nothing.
Also, even if they were to decide this time to do that, SEC rules require the filings to be brought up to date first.
250K...DGF up to this point was unwilling to invest one penny as per Kirkland's owns words.
Yet what we see is DGF being represented as a harmed creditor right now.
The filings were ready while Bignitz was still in control but he failed to pay the 250k price tag...and they were never filed even after Ziv came on board...there was no money....other than what was given to the company as a loan from DGF to run the 2 shareholder votes.
I don't need to go over this again...the events etc....but suffice to say if and unless DGF is willing to inject money into the company this goes nowhere.
There are 2 deadlines now...September 28/21...new SEC rules shutting down PINK not current companies of which OWC is one...
And the insolvency court here in Israel which will be back in session after the High Holidays which begin this week and end September 16/21...so there is only a 2 week window there before the judge accepts the request from the appointed trustee to dissolve the company..liquidate assets and pay off debts...when the court is back in session on the 17th of September.
Kirkland vs. Kirkland......is a complete sham.
Could Kirkland step up and pay the money and file and get current and request changes through the court so he can dump more shares.. and at the same time get in front of the insolvency judge in Israel and now show the company is a going concern....
It's not impossible...just very unlikely as he's had this opportunity all along and all he's done is play games.
You miss my point..I don't buy the story as told by DGF....nor should the court(s)....
Even if they get a favorable ruling....what happens next...There is no one to respond...
Gawd I love these conspiracy websites...
A beacon of truth and honesty.
LOL
Accepting that the case pleaded by Mr.Saso gets accepted by the court....
I don't.
Seems to me there is a very big credibility case hanging over DGF's head.... 4.99, 99.9, more than 4.99 less than 9.9... Ziv pushed out..Kugelman brought in, Kugelmen flees....
One minute in charge of the company and the next not in charge....
All those filings, most of which are inaccurate and bs...
So...
We can agree to disagree....and wait to see what happens.
THis is not a slam dunk for DGF and even if it turns out that way....how do shareholders benefit at all?
Continuing to hold stock makes no sense...because there is no win /win for shareholders....it's only a win/lose or lose/lose...
DGF cares squat about shareholders.....otherwise why did they do absolutely nothing for the past 6 months...when they claimed at the time to be in control of the company....their actions and filings attest to that fact...
Now they plead as a harmed creditor?...lol
We'll see.
Nothing about running the company...injecting working capital...paying off debts...none of that is even on the radar...for DGF either then or now.
Mr. Kugelman was a bust...6 months...did absolutely nothing.
Messrs. Kirkland and Kugelman also ignored the legal filings made in Israel by several individuals and creditors filed by Mr. Turner.
But filings and patents...that's what matters...not whether there is a viable functioning company....with shareholder support...and it's all Mr Turner's fault that we are where we are today... lol..
Nothing pointing to the fact that Mr. Kirkland was unwilling to hammer out an agreement that would both satisfy his own needs and those of OWC and the shareholders.
That conveniently doesn't get mentioned.
Let's just blame Mr. Turner for everything.
Hilarious and when the question is asked...what will the court activity in the SDNY court do for DGF if they are in fact successful...no reply is forthcoming...
Let's just blame Mr. Turner for everything and of course he's conspiring with Michael Feldenkrais to steal the cream, the patents,,,everything away..lol
The fixation with filings and patents is moot if you don't have the support of the shareholder base that potentially would allow the company to move forward.
What is there not to understand about that?
Nothing about running the company...injecting working capital...paying off debts...none of that is even on the radar...for DGF either then or now.
Mr. Kugelman was a bust...6 months...did absolutely nothing.
Messrs. Kirkland and Kugelman also ignored the legal filings made in Israel by several individuals and creditors filed by Mr. Turner.
But filings and patents...that's what matters...not whether there is a viable functioning company....with shareholder support...and it's all Mr Turner's fault that we are where we are today... lol..
Nothing pointing to the fact that Mr. Kirkland was unwilling to hammer out an agreement that would both satisfy his own needs and those of OWC and the shareholders.
That conveniently doesn't get mentioned.
Let's just blame Mr. Turner for everything.
Again I ask....what is the purpose of DGF's court activity?
How about answering the question.
So DGF is successful...
What happens then?
Do you expect them to inject money into the company?
Build a business?
OK...so DGF is successful...I'll play that game.
What happens then?
Do you expect them to inject money into the company?
Build a business?
Yes..I guess John Kirkland's promise to not inject one shekel into the company were true...maybe the only thing he hasn't lied about..In any event..as was mentioned previously here...during the whole time that Mr. Turner was ousted from the company and the many months that passed with Mr. Kugelman at the helm...the company did absolutely nothing to keep those patents alive and updated.
If they ever had any interest in turning the company into a billion dollar cannabis pharma operation..I must have missed it...
Instead, Mr. Turner is blamed...oh..and one shouldn't forget that during the time Mr. Turner was in control the company was flat broke...I recall I think that DGF forwarded 200k to OW..the company so the company could comply with the previous court order..and they complied with everything they could....they ran 2 votes..both of which failed....which if successful would have allowed the company to continue as a going concern..but that didn't happen.
Even if as suggested filings were ready, there would have been absolutely no point in serving them up..as the company was no longer a going concern and was insolvent and twice shareholders rejected increasing the shares or performing a reverse split.
DGF's other option after taking control of the company and ousting Mr. Turner would have been to reorganize the company and amend the articles of incorporation...which would have allowed them to modify the share structure allowing them to then convert their remaining 366 preferred shares and would have netted them millions at the expense of shareholders...and of course when they were done they would disappear.
So why didn't they do this?
That would have cost DGF money.
So I find it quite hilarious that statements are still be made assigning this whole mess to Mr. Turner.
I wouldn't be surprised if many shareholders are completely confused as to who has the ball.
It seems where DGF and Mr. Kirkland is concerned, it all depends on how he feels...and every day is a new day and a new opportunity for him... to dream up another scheme to ultimately get what he wants...which is nothing more than to convert and dump on the backs of shareholders.
He just hasn't figured it out himself as to which side of the fence he's on.
99.9, more than 4.99 but less than 9.99...Turner's out Kugelman is in...
It doesn't take a rocket scientist to see through all the lame bs Mr. Kirkland has slung and it's only a matter of a little more time until this nonsense is laid to rest.
Things are about to be finalized here in Israel with regards to the appointed trustee, the dissolving of the company and the selling off of anything of value in order to compensate former employees and creditors.
The insolvency judge in Israel told Mr. Turner during the first hearing on March 23/21 that he cannot represent employees and that he would have to go back and refile as an individual himself and have each former employee apply as an individual..... On July 5/21 that same judge ruled that the two parties, Mr. Turner and DGF had 3 weeks to come to an understanding and agreement.... and DGF made overtures to both Baruch and Sinai to get back pay... Why would DGF have made that offer if they weren't in control?
Either they are or they aren't... chose one...
They then went back on their word and refused the back pay they had offered and this all turned out to be nothing more than DGF trying to delay the hearing in Israel and the judge saw through this and now a trustee has been appointed to supervise the final act of OW in Israel.
Everything that is happening stateside is nothing more than DGF desperately trying anything and everything to stop what will happen.
It's game over... SDNY/Chancery..all bs..and if DGF continues to push this nonsense they are only going to get in more trouble than they are currently in...through their own stupidity.
They had the opportunity to walk away with a few million dollars in profit...that wasn't enough for them....
Mr. Turner has not responded because he is not in control and hasn't been for months.
Not a word has been spoken about what DGF has had the option to do during the whole time Kugelman was running things..or so we thought...but nobody is sure...and he bolted no longer wanting to be tied to DGF and John Kirkland.
I have known Mr. Turner for quite a while. He has never lied, been less than truthful with me and others and as a matter of fact he has been true to his word as to how this would all play out...and it has....and I fully expect this to be done and over in short order.
It's disgusting that he is vilified and called out falsely with absolutely no evidence to unequivocally prove what these assertions being made are...just ignorant statements slung about with no proof.
Why is John Kirkland not being called out...why isn't Mr. Kugelman being called out? Why is this all directed at Mr. Turner when it has been proven both through filings and legal action that he no longer has anything to do with the company?
Either the filings put forth by DGF are legit or they aren't?
Which is it?
It seems even John Kirkland doesn't know and this spooked Mr. Kugelman and he said bye bye.
Regardless, new SEC rules will shut this ticker down very soon.
It's over and anyone holding shares will soon end up with worthless garbage thanks entirely to DGF and Mordechai Bignitz.
This was never about what Ziv Turner did or didn't do as some would have you believe.
DGf isn't the bad guy here...no one made Bignitz sign on the dotted line...
But DGF had many options and wouldn't come to the table and negotiate fairly with Mr. Turner when he came back and was in control.
People forget that the company was about to go dark and be shut down.
If anything Mr. Turner worked to bring the company back to life but he he never got cooperation from John Kirkland and DGF.
This conveniently along with other important facts is ignored.
Everything we are seeing today from DGF is their own fault and they have committed some serious breaches both ethically and financially because of their bull headed refusal to negotiate.
The logic is mind boggling.
DGF is going after itself.
There is no Mr. Turner.
There is Mr. Kirkland and Mr. Kugelman..wait..he bolted.
The logic which suggests there has been no evidence to suggest otherwise is because of the misdirection and deception of the filings and court actions in the first place.
99.9, more than 4.99 but less than 9.99... Kugelman's in charge....wait no he isn't... he's gone....
What did in fact happen isn't spoken about... Kirkland refused all overtures when Mr. Turner was in control.
What is not understandable in this?..Turner was dismissed and Kugelman stepped in.
I agree with BL..DGF is trying to divert attention away from the fact they have committed pure securities fraud.
These diversionary actions will be yet another one of their lame attempts that will fail miserably.
The game is over.
The action in both the SDNY court and suggested future action in the Chancery Court by Mr. Saso will amount to a pile of nothing....just like the first action in the Chancery court amounted to nothing.
Failing to understand that one cannot respond to a misfiled court action when they have absolutely nothing to do with the company any longer nor during the time frame that these idiotic claims have been filed is getting lost here.
This will play out.....or it won't...but either way...the fantasy of DGF being in the right and the concocted story implying that ZT and MF conspired to defraud shareholders and steal the ip...well that's just another conspiracy with no trace foothold in reality.
"The SDNY Court now knows that Turner deliberately refused to comply with the SDNY Court's Order to file financials. I'm hoping he finds Turner in Contempt."
Let's just ignore the fact that Ziv Turner hasn't been in control of the company for a long while and that the court action(s) directed at him have gone nowhere.
Let's start with the Chancery Court case from March 23/21
How did that work out...still waiting.....
How about acknowledging the fraud perpetrated by DGF..We own 99.9 now we own more than 4.99 but less than 9.99
and...
Turner and Ritterband are out and Kugelman is in...
..and now Kugelman bolts....
And all the fraudulent filings by DGF submitted to the OTC/SEC which through DGF's own actions we know were fraudulent.
But the fixation continues on someone who hasn't had anything to do with the company for quite a while.
Yes judge Hellerstein will in fact deal with this stupidity properly by dealing in facts and not idiotic assertions and change of positions which have been a constant from DGF's very own guru genius John Kirkland for a very long time.
Hope has nothing to do with how the judge will rule.
It will be based on fact... something that seems to be ignored on a more than regular basis.
And this proves exactly what?
This is the reply from DGF's lawyers..
It doesn't prove a damn thing...although I am sure the red highlight was for some kind of emphasis.
Oh, the Chancery Court that has been referenced by the above mentioned lawyers as a possible place for some assertions made by OWC against DGF to be settled....
In exactly the same way the first go around with the Chancery court settled things..
One important point is getting lost here..DGF is a scam operation.
One minute they claim to control the company through filings...owning 99.9% and the next minute they claim to own more than 4.99% but less than 9.99%.
It seems depending on what day of the week it is, John Kirkland decides how he wants to play the game.
The bigger issue here is that DGF is misleading the court(s) and shareholders of which he could care less about with erroneous filings, frivolous court actions and and total disregard for the law.
Are we to now assume that DGF controls nothing?
Which way did Kugelman run when he dismissed himself from his appointed stewardship of OWC, the company...
I can't keep up...
And by the way, it's accepted as fact that there have been several hearings in Israel ..and it's been explained several times here by a few different parties exactly what those hearings in Israel were about..the fact is DGF ignored them...
But I think I understand why...because those hearings must have been nothing more than a mirage..
FYI...Ms. Spitzer is domiciled in both Israel and New York.
http://swalegal.com/attorneys/melinda-spitzer/
Ziv Turner hasn't been the ceo of OWC Israel for quite a while.
Read the letter from Melinda Spitzer.
Essentially DGF is suing itself..depending on what you chose to believe.
Let's review...DGF jettisons Mr. Turner and Mr. Ritterband from the company and installs Mr. Kugelman.
In the whole time that Kugelman is there he does absolutely nothing...communicates with no one including any entity in Israel.
DGF submits bogus filings with the sec claiming control of the company..99.9 % control...which as we all know now was a lie.
Then DGF files with the SEC again claiming they own more than 4.99% but less than 9.99 % .
Claims are made that the Chancery court will determine everything to do with the company verifying DGF is in control of OWCP..filed March 23rd/21..on this message board
That case went nowhere and was abandoned months ago...
Then the claim in the SDNY court by DGF becomes the new focus...no mentioning of the Chancery court anymore..and lame excuses given in defence of not wanting to respond to "the Chancery court will decide everything"... "I won't spend money to see updated documents from the Chancery court"....
And then August 25th...Mr. Kugelman resigns and wants nothing further to do with both OWCP and the Israeli subsidiary.
At the same time the defense's response is due Augustb 25 with the SDNY court administered by Judge Hellerstein and he receives a letter from Melinda Spitzer on the 25th who was former council with OWC..before Kugelman came on board..
And if you read the contents of her letter she clearly states that she was not retained as counsel after the previous 2, Mr. Turner and Mr. Ritterband were dismissed by DGF.
So let's summarize...DGF is and has been in control of the company for months..so they claim...at the same time what are they claiming?
Mr. Turner has absolutely nothing to do with the company for months since he was dismissed by DGF.
His involvement now is to fight for what is owed to creditors and former employees.
By dissolving the company some money may be able to be raised through other means such as monetizing any IP and settling the debts of the Israeli entity.
Mr. Turner is fighting for this because it is the right thing to do.
He is not doing this on behalf of OWC Israel.
While it is true that OWC Israel holds what could be valubale patent(s) that are currently being infringed on there is no entity with pockets deep enough within the company or the will to go after the infringers and there are many.
None of these companies , starting with Panaxia https://panaxia.co.il/ in Israel could care less about possible legal action from OWC.
DGF/Kirkland has refused all along to put one penny into the company.
They have been given opportunity after opportunity to make a deal while Mr. Turner was controlling things and they refused repeatedly.
After reading the letter from Melinda Spitzer it's quite clear that DGF has attempted , failed and overplayed their hand once again.
DGF has 2 choices now...call it a day...or do what they claimed they were going to do and inject money into the company..first settling all the debts and them moving the company forward.
They had an opportunity to turn the company into a behemoth.
They were never interested in anything except dumping shares by converting their preferred.
It's high noon for DGF now and frankly David Sims who is the main entity of DGF can't be very happy with how his appointed financial wizard Mr. Kirkland has faired.
Kirkland has messed this up so badly.
There is no Ziv Turner attached to OWC and hasn't been for a very long while.
The narrative blaming Mr. Turner for this is both misguided and absurd.
The blame clearly lies with DGF and the dishonest bs they have tried to not only perpetrate on the SEC and the court(s) but their total lack of concern for shareholders and the opportunity to build a successful company.
Both Mr. Kuegleman's resignation and Ms. Spitzer's letter to Judge Hellerstein yesterday are proof this is done.
FYI...Ms. Spitzer is domiciled in both Israel and New York.
http://swalegal.com/attorneys/melinda-spitzer/
PhenixBleu Wednesday, 08/25/21 05:06:07 PM
Re: PhenixBleu post# 200459 0
Post #
202023
of 202047
OWCP's Lame and Excuse-Laden Response, in the form of a letter, is below. If they don't represent OWCP, who is paying for their legal fees?
Notice she completely sidestepped the financials that were ready to file last Fall? All Zip-Locked Ziv had to do is upload them to OTC Markets while he was in a position of authority.
So, if OWC Israel and OWCP have no leadership, under what authority did Turner file another bankruptcy proceeding in July?
Why didn't this law firm remove themselves from the case along time ago?
------------------------------------------------------------------------
August 25, 2021
FILED AND SERVED ELECTRONICALLY
The Honorable Alvin K. Hellerstein
Daniel Patrick Moynihan Courthouse
United States Courthouse
500 Pearl Street
New York, New York 10007
Re: Discovery Growth Fund, LLC v. OWC Pharm. Research Corp.
(S.D.N.Y.) Index No. 20-cv-2857
Dear Judge Hellerstein:
We write on behalf of defendant OWC Pharmaceutical Research Corp. (“OWCP”) in the above-referenced matter. By the parties’ stipulation [ECF 34], today is the deadline for OWCP’s opposition to Discover Growth Fund LLC’s (“Discover”) summary judgment motion seeking a permanent injunction [ECF 26-31].
We respectfully write to advise the Court that, for the reasons set forth below, OWCP is not in a position to respond to Discover’s motion.
In early 2020, the OWCP management team that was in place at the time of the Court’s April 29, 2020 Order Granting Preliminary Injunction (“Order”) was removed at Discover’s behest. On February 26, 2021, David Kugelman was appointed as sole director by Discover.
Mr. Kugelman is unfamiliar with much of the factual background that is relevant to Discover’s motion, including Discover’s assertion that OWCP purportedly made statements that the parties’ agreements are voidable because Discover “allegedly engaged in securities fraud and acted as an
unregistered dealer.” See Discover’s Memorandum of Law [ECF 27] at 13. No one at this law firm has any knowledge of those purported statements or allegations. Further complicating matters, Mr. Kugelman has informed this firm that he will be resigning as director of OWCP effective today, which leaves OWCP with no Board or management at all.
We want to bring to the Court’s attention that, in the several months leading up to the filing of Discover’s instant motion, this law firm had no contact with anyone associated with OWCP. Indeed, after this Court entered the Order, it was our understanding that, in light of the changes in OWCP’s management, this firm’s representation of OWCP had come to an end.
While OWCP will not be opposing the motion, we would nevertheless like to take this opportunity to assure the Court that, as of several months ago when this firm was still in contact with OWCP, OWCP made reasonable efforts to comply with the Order. Among other things, OWCP (working together with Discover) undertook significant efforts to convene a stockholder meeting for the purpose of amending its certification of incorporation in order to increase the authorized shares and effect a reverse stock split. This goal was agreed upon with Discover as any public reporting would have been of limited benefit to Discover absent action that would have increased the shares of common stock available to be issued on conversion of their Preferred Stock. The meeting was called and was subsequently adjourned and reconvened on more than one occasion. Despite OWCP’s efforts (which included retaining a proxy solicitor),
the matter was ultimately not approved by the required vote. It is our understanding that, throughout this period, Discover was aware of OWCP’s ongoing efforts to become compliant with its obligations to Discover.
On a final note, we feel compelled to advise the Court that, the recent events noted above, as well as the reality of OWCP’s stockholder base and lack of funding, make full compliance with the proposed injunction virtually impossible. Not only would OWCP lack the financial resources to comply with Discover’s proposed injunction but there will no longer be any management in place to oversee compliance or seek to obtain stockholder approval.
We thank the Court for its consideration in this matter.
Respectfully submitted,
Melinda Holly Chester-Spitzer
cc: Paul A. Saso, Esq.
Posts about that specific complaint are a complete waste of time... settlement has occurred.
MF was advised by several associates to settle this...and it was settled,
Notification of such should be forth coming in the coming days along with the removal of the CE.
Time frames aren't always exact but this complaint has been dealt with.