I think most people here that are bearish at .04 don't realize the uniqueness of this stock, the company and situation. But there's nothing wrong with that, most people don't compare many stocks to one another. I do, and believe me this company is very unique. Some of you will recognize my username from way back, but I'm not a biased investor - I'm a trader of the marijuana sector and haven't taken my eyes off OW very much the last couple years.
Not only does the company itself have potential to be worth a billion dollars some day, but the share structure is excellent - the pps can be allowed to move very high unlike many OTC stocks that dilute all the time causing lower highs and lower lows for long periods of time. And since a real patent was approved in the best possible country (they also applied for a European patent at the same time as the US patent...hmmmmmm), they will have big eyes on them. There are so many possibilities of who can come into this stock to buy, but often smart money is big money. Or even the company itself - for all we know they are busy answering calls and setting up meetings with big pharma companies right now. What will the price do when they announce something even bigger than the patent grant? How soon could they receive their patent approval in Europe? Will the US patent grant help the approval decision in Europe, if not what are their chances of being denied the patent in Europe? (IMO very small). The price came down way too low, over an extended period of time, the market will correct soon and money will flood into this stock if there is no bad news, just don't know how long the wait will be.
On another note, the marijuana sector has been down for over a year, over 90% of stocks in the sector on the OTC have been going down and down just like OW, but OW trades differently because of the share structure, it will not be dumped and held down all the time from dilution and pessimism. In fact I'm pretty sure OW is the most traded stock in the entire sector the last 3 days, and I think it's more likely to draw even more attention rather than see it vanish.
The big boom can happen at any time, nobody here knows what the price will do or when some big buyers will hit, but the upside potential is huge in the short term and massive in the long term.
x100xPercent
AI
