OWC Pharmaceutical Research Corp (OWCP)

[mariosmack]

More bad financials revealed

In 2015 the net loss was $1,654,988 and in 2016 the net loss was $2,287,329. OWCP lost much more money last year than the year before, and that is a very bad sign that this company is being neglected at the expense of the shareholders.

What is most frustrating is that in 2016 the administrative fees totaled $2,006,216 and in 2015 it totaled $1,380,029. The "administrative fees" are a very crafty and professional way of representing the high salaries of the top level officials, and this number went up by $626,187. And at what consequence? In 2015, the research and development expenses totaled $271,394 and in 2016, the number was $141,858, representing a decrease of $129,536 or 47.7%. The research and development area is the most important there is. This is what grows the company. All routes to double digit PPS will have to go through the R&D. Of all the millions of dollars we are talking about, the R&D is cut in half, by a measly $130k, only for that money to be pocketed.

These cheats cut the most important funding in half just so the corporate pigs can fatten their greedy wallets. The R&D spending is not supposed to decrease for a growing company. It is supposed to increase. That is how businesses flourish.

How about let's ask the company to cut it's administrative fees by a million and use that to actually grow the business? That would completely wipe the need for dilution. Businesses grow when owners spend, not pocket.

The fact that they number of shares is only going to increase means that they have no plans to get their acts together. I will bet that this year, administrative fees go up even more.