OWC Pharmaceutical Research Corp (OWCP)

[I-Glow]

From the last 10-Q we find:

A convertible note for $78,500 issued on February 2, 2016, bears interest at 8.0% per annum until paid or converted and matures November 2, 2016. Any or all of the outstanding balance of the note may be converted at the option of the holder at any time into common stock of the company at a variable conversion price of 65% of market price.

Sorry but those aren't preferred shares.

That's right I-glow...restricted shares are dilutive but only when they come off restriction AND are sold into the market.

IG