Replies to post #152342 on OWC Pharmaceutical Research Corp (OWCP)

[Smallville]

True.

They need news soon to keep the price from sinking.

The repeat buyers will get tired of averaging down at some point.

As discussed in Note 4, the Company shall be required to offer to redeem 1/12 of the Series A Preferred Stock 270 days following the closing date and every 30 days thereafter throughout the remaining of the term. In addition, in the event the Investor desires to have all or portion of its Series A Preferred Stock redeemed, it shall be redeemed for an amount equal to 110% of the Stated Value of such Series A Preferred Stock plus any unpaid accrued dividend to the mandatory redemption day, and may be redeemed in cash, or by the sole discretion of the Company, in the Company’s Common Stocks, following to the terms as defined in the Certificate of Designation.

We need to keep a close eye on the Dec 1 O/S. The lender can demand FULL 'payment' at any time. That would seriously dilute our shares.