Replies to post #89292 on OWC Pharmaceutical Research Corp (OWCP)

[moxa1]

Forgive me but are you trying to deceive or is there some other problem? OWCP will repay MedMar, not the other way around. It's right here in the 8K.

On April 21, 2017, OWC Pharmaceutical Research Corp.'s wholly-owned Israeli subsidiary, One World Cannabis Ltd (collectively, the "Company" or OWC") served written notice on Medmar LLC("Medmar") of OWC's determination to prepay the loan by Medmar to OWC in the principal amount of $300,000. Reference is made to the Company's Form 8-K filed with the SEC on September 30, 2016 and to the Loan Agreement between OWC and Medmar, filed as Exhibit 10.9 to the September 30, 2016 Form 8-K. Pursuant to Sections 4 and 5.3 of the Loan Agreement and based upon the full repayment of the non-recourse, non-interest bearing and non-convertible loan, OWC has elected to exercise what it believes is its absolute right to terminate certain distribution rights granted to Medmar under the loan agreement .

[1990]

Eliminating the Medmar connection is a good thing. Especially since one of the board members of OWCP is on the board at Medmar.

If OWCPs product proves to be successful as we all anticipate this termination will turn out for the better.

That is my one post for the day

[BAMF31]

OWCP is paying back the $300,000 loan to Medmar.

See the 8-k on 9/30/16.


"...Medmar has agreed to loan OCW Ltd a total of $300,000 (the “Loan”) on a non-interest bearing basis, with no conversion rights...."

http://app.quotemedia.com/data/downloadFiling?webmasterId=102426&ref=11160352&type=HTML&symbol=OWCP&companyName=OWC+Pharmaceutical+Research+Corp&formType=8-K&formDescription=Report+of+unscheduled+material+events+or+corporate+changes.&dateFiled=2016-09-30

[AlexSwiss]

You didn't get it I think Mear does not have to pay OWCP, is the other way.
Most likely OWCP has a better distribution deal (as already anticipated by ML guy by the way) so to avoid to pay royalties to MEDMAR they paid back the loan: I think it is justified considering today PPS it is much easier for them to raise 300k without the drawback of royalites.
I expect new distribution deal to follow in the weeks to come!
OWCP $$$