Replies to post #198702 on OWC Pharmaceutical Research Corp (OWCP)

[Musical Shares]

This is what I tried to explain in one of my post's by saying "You know that OWCP has a subsidiary?"

One of the ideas of a subsidiary is risk reduction.

The parent-subsidiary model mitigates risk because it creates a separation of legal entities.

Just because debts occur with the subsidiary, that does not always equate to the parent company incurring losses.

I believe though, in cases of bankruptcy, that if a court (at least in the USA) can prove that the parent and the subsidiary are legally and effectively one and the same, then it could "pierce the corporate veil".

Again, I am not a lawyer by profession. I haven't reached out to one recently. Please do your own DD.

But I will be talking to one in the coming weeks. I am more than happy to throw this question to them.

Best of luck.

[Blue Skys]

No Q needed at the end of the symbol. This is a Delaware company and there is no BK filing in the US. I heard that Ziv is filing BK in Guatemala. The US courts have a history of accepting the findings of courts in Guatemala and that should expedite the reorganization.

[I-Glow]

Since OWCP is traded on the OTCM FINRA will place a Q as a suffix for the ticker symbol when OWCP files for bankruptcy.

"Shouldn't OWCP have a "Q" after there symbol representing the company is in bankruptcy?"

Who knows what will happen - Turner isn't known as being very credible.

IG