OWC Pharmaceutical Research Corp (OWCP)

[noahboah]

I have a question for all longs.

I will caveat this with I bought long this week so I'm really just trying to generate some conversation.

This company appears to be extremely low on operating cash. While other companies spend millions per year or quarter I believe the last disclosure I read stated they spent somewhere around 30k on research last quarter, barely pocket change for some other research companies. With no revenue its current price is completely speculation based on a product that we don't know the data on as of now. The PPS doesn't even reflect there cash on hand. To me it does seem highly over valued for where the company currently stands on released data about its product/s and financials.

I am obviously late to the show having only bought this week however I wonder what's keeping the guys that have been in since a penny here? It's as big a gamble to hold as it is to sell imo.

Also having kept up on the message boards but not having fact checked the info about the CEO destroying the previous ticker symbol why does that not make more people nervous? Why is this time its real but he lied the previous time?

Just wondered what the thought process was from folks that are smarter than myself.