OWC Pharmaceutical Research Corp (OWCP)

[BruceLake]

You cannot make an assumption that DGF did not sell any common shares. That is wishful thinking. From yesterday's 8-K it says that there were an aggregate number of 23,371,167 shares issued on Dec. 5, Feb. 19 and Feb. 20. Wouldn't it be nice to know how many out of the total were issued on Dec. 5? Probably the bulk of them! David Sims is a shark and there is no doubt he would have cashed a good chunk of his OWC holdings during the very high volume trading days.

The irony in all of this is that DGF has a wonderful thing going. He has a wonderful conversion formula in his favour. collects 5% dividends every quarter. plus even if OWC chooses to redeem all of the remaining 410 preferred shares, they could only do so at the rate of 120% face value. With accrued dividends if that were to happen in the next few weeks the payout to get rid of DGF will be close to the original $5 million loan!

Life is beautiful!!!