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BruceLake

03/29/20 8:58 AM

#185639 RE: PhenixBleu #185634

The "cure" you are suggesting is not going to heal anything. Essentially what you are suggesting is that changing an employee's status to that of an independent contractor or adviser somehow "cures" the triggering event. You are also suggesting that Dr. Baruch is "not an Officer any more".

Unfortunately the above is not true. If it were that easy to bypass a triggering event, then what's the point of having a contract? Let me elaborate: Dr. Stanley Hirsch, Mordechai Bignitz, Dr. Oron Yacoby Zeevi, Alon Sinai, all were or are technically associated with the company as advisers, and all with key roles. So why the distinction with Dr. Baruch? There is none!

Fact of the matter is that whether or not Dr. Baruch was put on unpaid furlough, laid off, put out to pasture, fired, or even killed, it would make no difference vis a vis the triggering event.

So let me repeat once again, the triggering event has not officially ended! But why be concerned about technicalities at this point? The triggering event, as punitive as it is, does not even come close when compared to the overall damage done to the company as a direct result of mismanagement.

I-Glow

03/29/20 2:32 PM

#185651 RE: PhenixBleu #185634

The question then becomes why wasn't Baruch terminated at the time of the Triggering event - November 30, 2018 and allow Sims to keep the benefits of the default event?

But, now you are claiming that:

"The cure I'm suggesting is that Baruch is no longer employed by OWC. He's not an Officer any more.

https://www.otcmarkets.com/filing/html?id=13089184&guid=tqBWU6voyJ3DQyh";

As of 02/09/2020 Baruch was listed as the Chief Medical Officer.

Are you suggesting that OWCP shutdown operations to cure the default event or why hasn't there been a 8-K about Baruch being terminated or resigning?

IG