OWC Pharmaceutical Research Corp (OWCP)

[PhenixBleu]

Subject to certain beneficial ownership limitations of the Series A Preferred Shares, at any time during the period commencing on the date of the occurrence of a Triggering Event and ending on the date of the cure of such Triggering Event, a holder of the Series A Preferred Shares may, at such holder’s option, by delivery of notice to the Company, specify a future date upon which such holder shall require the Company to convert all, or any number of, Series A Preferred Shares into shares of the Company’s common stock at an adjusted conversion ratio as specified in the Certificate of Designation.

The cure I'm suggesting is that Baruch is no longer employed by OWC. He's not an Officer any more.

https://www.otcmarkets.com/filing/html?id=13089184&guid=tqBWU6voyJ3DQyh

How has Baruch's triggering event officially ended? Once the trigger was pulled there is no turning back. The consequences continue to be punitive, to the point that even if there is a J/V or B/O, DGF will be owed much more money than they would have otherwise been entitled to. The triggering event has not officially ended.