FWIW, I'm long since late October and have averaged up since then. I do not bash.
It truly amazes me that the majority of posters since the latest "Ziv news" think it's more of a positive! That's probably why they released the 8k on a Friday at 5PM, right?
The CEO is the HIGHEST ranking officer of the company and he was FIRED FOR CAUSE. I seriously doubt it was for "broken English", or that he "sold shares". For every "minor" possible reason I can think of 5 "major" ones. If this isn't followed up real soon with something real good, we tank. Markets hate uncertainty. I really hope I'm wrong.
BTW, am I wrong that Sinai was appointed interim CEO? Why was it signed by Bignitz, CEO?
On April 19, 2017, OWC Pharmaceutical Research Corp. (the "Registrant") filed a Form 8-K announcing the appointment of Alon Sinai, Chief Operating Officer of Registrant's wholly-owned Israeli subsidiary, One World Cannabis Ltd ("OWC Israel") since July 2014, as the new Interim Chief Executive Officer of OWC Israel, effective April 12, 2017, replacing Mr. Ziv Turner.
The purpose for filing this Form 8-K/A is to correct the disclosure regarding the circumstances of Mr. Turner's departure as CEO of OWC Israel. On April 2, 2017, Mr. Turner submitted his resignation as CEO of OWC Israel to the Registrant. On April 6, 2017, OWC Israel notified Mr. Turner that: (i) his resignation had not been accepted by OWC Israel; and (ii) he had, in fact, been terminated "for cause" as CEO and a director of OWC Israel, effective April 6, 2017.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
OWC Pharmaceutical Research Corp.
By: /s/ Mordechai Bignitz
Name: Mordechai Bignitz
Title: Chief Executive Officer
