OWC Pharmaceutical Research Corp (OWCP)

[EasternTimeZone]

In reply to the posts on the topic of Form 3 that was filed for Dr. BARUCH YEHUDA.

I-Glow wrote:
"It seems most didn't understand the Form 3"

I refer to a reliable source:
According to SEC.GOV "The initial filing is on Form 3"

-whereas-

According to SEC.GOV "Changes in ownership are reported on Form 4"


In post# 99951 I-Glow wrote:
"If the options hadn't exercised there wouldn't be any need for the Form 3 to be filed. I have no idea what is so difficult to understand."

WRONG!
According to SEC.GOV "The initial filing is on Form 3"

Then I-Glow wrote:
"You don't seem to understand that it has been 2 years.

2. Date of Event Requiring Statement (MM/DD/YYYY)12/22/2014"

WRONG!
Date of Event Requiring Statement: 12/22/2014 refers to the Common Stock in the amount of 2,120,000 shares that were granted to Dr. BARUCH YEHUDA back in 2014. Those shares are also noted on the Form 3 that was filed today.

I-Glow Member Level Wednesday, 06/28/17 04:40:20 PM
Re: bybtrader post# 99951
Post # of 100069
If the options hadn't exercised there wouldn't be any need for the Form 3 to be filed. I have no idea what is so difficult to understand.

You don't seem to understand that it has been 2 years.

"2. Date of Event Requiring Statement (MM/DD/YYYY)12/22/2014"

Date Exercisable: 12/15/2016

IG

I was very kind and simply asked you if you had read the 10-K for 2015 and 2016.

I-Glow's reply:
"Of course I read them - if the options hadn't been exercised there wouldn't be a need to file a Form 3. ... Why was the Form 3 filed if the options weren't exercised? You argument is nonsensical - something like he filed the Form 3 just for the hell of it."

WRONG!
According to SEC.GOV "The initial filing is on Form 3"

I-Glow Member Level Wednesday, 06/28/17 05:27:12 PM
Re: EasternTimeZone post# 99956
Post # of 100077
Of course I read them - if the options hadn't been exercised there wouldn't be a need to file a Form 3.

1/3 of the shares are vested immediately - the trustee holds the shares that hasn't been exercised.

Did you not read the Date Exercisable? It is 12/15/2016.

Why was the Form 3 filed if the options weren't exercised? You argument is nonsensical - something like he filed the Form 3 just for the hell of it.

When you exercise a option - you are the owner - hence the Form 3.

You have misunderstood the part about 2 years. They are vested over a period of 2 years - with 1/3 being vested immediately.

IG

I mentioned the 2015 10-K because in that 10-K ITEM 12 it states the 2,120,000 shares owned by Dr. BARUCH YEHUDA.

The Form 3 for Dr. BARUCH YEHUDA includes:
Title of Security: Common Stock of 2,120,000 shares (the same shares mention on 2015 10-K).
Title of Derivate Security: Option of 7,000,000 derivative shares (the same EPOs from the ESOP on 2016 10-K).

Link to the Form 3
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12148644

So there are the facts as stated on the Form 3. All 7,000,000 derivative shares are listed as Options, not Common Stock. If any of the 7,000,000 ESOs had been exercised then they would not be listed as Options so the number of options would be less than 7,000,000 , also the number of Common Stock shares would be more than 2,120,000.


There are many smart investors on this board that do solid DD. This ticker is the best spec stock on the OTC. Of course there are risk with ANY stock. This company is sound with mega potential this year and years to come.

Hope this helps.

$OWCP Longer and Stronger