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Re: jayjasmine post# 65287

Friday, 03/03/2017 5:57:23 PM

Friday, March 03, 2017 5:57:23 PM

Post# of 203914
Here...let's make it easy for those new to understand...

Breakdown of the 8-K from our fellow board compatriot FELLER

The 8K is updating us from things that have happened from January 9th through February 22nd, it says. To start with, we learn about over $1.6M in additional funding that was raised by selling Restricted Shares to investors who obviously see the potential here. This is awesome for a couple of reasons off the top of my head — This is non-dilutive financing, as these new investors must wait 6 months to sell a single share, and their 6 month date all comes at different times. (Though, I strongly suspect most won’t sell in 6 months anyway since OWCP is clearly a solid long term play.) Each of these investors has a Warrant that allows them to purchase an equal amount of discounted shares within 18 months. So, on the assumption that it would be idiotic to NOT exercise that warrant — OWCP will have even more cash available anytime between now and 18 months. Once again, I repeat — OWCP has NO TOXIC DEBT whatsoever!

What is non-dilutive financing? (not a new concept)
http://blogs.nature.com/tradesecrets/2012/10/09/non-dilutive-financing-for-biotech-startups