Replies to post #165375 on OWC Pharmaceutical Research Corp (OWCP)

[Trooth]

I heard that when it was at 0.15 that it would never go below 0.10 as we had folks here say they'd buy them all out.

Never say never with these magicians.

[GernBlanston]

Good point. Because at some point, if the shares are clear to all to be underpriced, the company is actually somewhat negligent if they don't buy back. No?

Unfortunately SEC rules require the board approve this kind of decision and since it's material, to announce it publicly. Since we've seen no such announcement, let's not delude ourselves that it could be happening now. It isn't. I also don't expect it.

That said: I half suspect that since this is a pinkie and this is an IL based company, shenanigans happen... and someone with insights into things could be taking a large and inexpensive (relatively speaking) position these last couple weeks and near future. Under 5%, for sure... but a significant amount.

[look who's doing markup in his posts now, lol]

[Smallville]

ROTFLMAO

[I-Glow]

OWCP would have to publish that they were doing a stock repurchase or buyback.

"At a minimum, disclosure should be made with enough time to allow the market to absorb the announcement and include the following information: 

the estimated time period during which the purchases will be made; 

the maximum number of shares proposed to be acquired or the maximum amount of funds to be expended; 

the objective of the acquisition of shares; 

any plan or proposal relating to the disposition of the shares to be purchased; 

and an indication of how the purchases will be made. 

The disclosure may be made in a Form 10-Q or 10-K, or by means of a press release or Form 8-K" 

Instead if hinting at a stock repurchase - OWCP needs to disclose the above - chatting it up on social media is just pumping. 

IG 

[Wormking777]

Lol heard that once or twice... stay tuned.