Replies to post #139264 on OWC Pharmaceutical Research Corp (OWCP)

[I-Glow]

Newbridge has used Rule 144 Opinion Letter pump and dump attorneys in the past to remove the restrictive legend so they are free trading immediately.

Unless the Newbridge stock is covered in the S-1 then they are free trading as soon as the it is deemed effective but it won't be because of the SEC investigation into OWCP.

IG

[stockfan100]

Not now.....Please don't listen to jokes about Newbridge or the company. The jokes are getting funnier as we get closer to company news.

Can Newbridge sell any shares now if they want ?

[Farmer7]

This is out of the 8-k as to when they can sell shares, if any.

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The Registrant must redeem half the outstanding shares of Preferred Shares beginning 270 days after the closing of the Purchase Agreement in an amount equal to 110% of the Stated Value in cash or Common Stock upon the terms and conditions set forth in the Certificate of Designations.

The earliest they can sell is 270 days and that's only half of the 25,000,000 shares. If OWCP were to make a cash payback then no shares will hit the market.

Also, this is more like a $10,000,000.00 dollar deal as they can excercise warrants for another $5,000,000.00. at .40 cents.