OWC Pharmaceutical Research Corp (OWCP)

[Musical Shares]

No, the petitioning of the courts for insolvency doesn't necessarily constitute that a company has creditors.

In the court docket, it was mentioned that they needed to notify any creditors and employees (which if numbered over 50) by a certain date.

But that does not insinuate that a company has creditors or employees.

That is nothing more than standard procedure for the records by the courts.

Here is the thing about insolvency. And to many people it's hard to believe what I am going to say. Although I already mentioned this a while back....

Insolvency can be used as a tool. At first glance, it sounds ridiculous.

The problem lies in we don't really know what happened behind closed doors. Was this really the last option?

IMO, the idea to ask the courts to rise the authorized share's is not far fetched. So they ask the courts to do that and the court says no? No harm in doing that, right?

The problem lies within the USA. Will the courts in the USA honor the courts decision in Israel?

I believe they will.

Israel, as of 2019, has become closer to that of the North American court systems.

Not only that, OWCP and OWC Israel are technically one in the same thing. Which means, in the end, they could "pierce the corporate veil". So it wouldn't be that much of a difference, from a legal stand point, to honor the courts decision abroad.

IMO.