OWC Pharmaceutical Research Corp (OWCP)

[I-Glow]

I have seen the excuse used for filing a Form 15 to prevent the toxic lenders from converting and it never ended well for the shareholders.

One company even issued a press release about saving the world from toxic funders:

"Hangover Joe's Holding Corporation (OTC: HJOE), developers of Hangover Recovery Shot and Git-R-Done-Energy, along with Git-R-Done Productions, Inc. and Larry the Cable Guy, announced today that it has filed a verified answer in the Court of the Eastern District of New York, against KBM Worldwide Inc. Among the numerous responses include usury and violation of market manipulation provisions by KBM."

HJOE ended up not appearing in court and KBM received a default judgement against HJOE and was suspended by the SEC.

This is a simple breach of contract - that will end up as charges of fraud.

IG