Replies to post #194075 on OWC Pharmaceutical Research Corp (OWCP)

[I-Glow]

Did you read the proxy statement? Because the analysis wasn't accurate.

From the Proxy statement:

"The Series A Preferred Shares have a beneficial ownership limitation such that none of the holders of the Series A Preferred Shares have the right to convert the Series A Preferred Shares to the extent that after giving effect to such conversion, the holder (together with its affiliates and any other persons acting as a group together with the holder or any of the holder’s affiliates) would beneficially own in excess of 4.99% (the “Maximum Percentage”) of the shares of our common stock outstanding immediately after giving effect to such conversion. By written notice to us, however, a holder of the Series A Preferred Shares may waive the Maximum Percentage provision, which such notice will be effective 61 calendar days after the date of such notice."

DGF can provide written notice that they are waiving the 4.99% maximum percentage and vote their fully diluted shares and the notice is good for 61 days.

This clause wasn't included in the past 2 shareholder votes on the reverse splits.

IG