OWC Pharmaceutical Research Corp (OWCP)

[MjMilo]

We await the court in Haifa's ruling on OWC's filing for insolvency (filed December 10/2020) protection. This shouldn't take more than 60-90 days and once completed and accepted by the Israeli court, it can then be submitted in the US court.

There is a very high probability of the terms and conditions being accepted by the US court as laid out in the Haifa courts ruling as is the case in a large majority of these cases.
At that point the company would then be able to emerge from insolvency and move forward.

This assumes the Haifa court accepts and agrees with what the company has put forward in their filing and what they have asked for.
The American entity of the company which is domiciled and registered in the state of Delaware is clean and has no creditors.