Just so everyone is clear on what is actually taking place, I will write a post people can understand.
(1) Ziv has put forth a plan to the insolvency courts in Israel. The objective of this petition is to clear all the debts which include the DGF loan against the patents, employee back pay and the research/hospital fees owed.
(2) When that is all taken care of, Ziv would like to turn his intention on buying back the OWCP shell from Kirkland.
(3) If and when Ziv reacquires the empty shell, it will need to be "cleaned" up - including becoming current. The cost of this is between $150,000 - $200,000.
(4) Michael Feldenkrais has his hand in this. Remember, MF and Ziv have joint ventures already together.
(5) Like I said earlier, Michael Feldenkrais will own the IP. He has started new formulations on the cream and will be bringing it to markets in other countries first.
(6) What happens after all of this, again if all goes well, is the next chapter.
(7) OWCP/OWC Israel are done. What does this mean? There is no exact definition from Turner. It could mean a few things.
Ziv cares about shareholders. I know he is being genuine when he says this.
Does this sound like a person who is a "dirt bag" and who doesn't care about paying back former employees and research facilities? Who would do something like this if they didn't care?
Yet, people would rather have a toxic lender like DGF own the company and dump shares? What, people think they aren't doing this for themselves but for shareholders? LOL
And the fact that Ziv is only doing this for himself? Really? What entrepreneur does something for free? It's called business.
Best of luck and take care. Have a great weekend.
