OWC Pharmaceutical Research Corp (OWCP)

[MjMilo]

Just to let everyone know...Myself and Bruce Lake will be speaking with Ziv this afternoon to discuss the DGF agreement and the RS among other things.

We stress that there will be no inside information shared with us.

We set up this call as we want to help Ziv to understand that performing a RS no mater what the ratio is doesn't alleviate the problem with the DGF agreement at all.

We want to hear the justification for performing the RS from Ziv...and then discuss what we know and hopefully we can either convince Ziv that the RS is not necessary or alternatively have Ziv explain to us why it is and what it would accomplish vis-a-vis fixing the DGF debacle.

An RS is completely unnecessary in our opinion in addressing DGF...as once you start altering the amount of shares factored into the agreement you can't use the formula as it was written.

THis is where we think there is a complete disconnect as people there don't understand the agreement as it is written.

We are pleased Ziv is willing to hear us out as we are also anxious to hear what he has to say.

WE will report back.