OWC Pharmaceutical Research Corp (OWCP)

[I-Glow]

Companies don't emerge from insolvency - if a company is insolvent they are liquidated not Reorganized.

"At that point the company would then be able to emerge from insolvency and move forward."

That isn't how it works - the company is liquidated and the stock is canceled - shareholders lose their entire investment.

The new bill which became law in September 2019 (in Israel) proposes various rules that impose personal liability upon the directors of an insolvent corporation, if they did not take appropriate action to minimise the scope of insolvency.

The Israeli restructuring and insolvency regime is generally a creditor-friendly regime.

Secured creditors can foreclose in liquidation.

I hope that Bignitz and Turner are held accountable for the OWCP disaster - but they are complicit with DGF.

IG