He said it should take somewhere between 60-90 days for everything to be approved by the Haifa court...so work backwards ...I believe this was announced around the 10th of December.
Please ignore the noise from those stating nothing has been filed...The paperwork was in fact filed for the re-org...with the court in Haifa.
Once everything makes its' way thru the Israeli court system and is approved as it should be, then it will come stateside and everything will be filed with the proper authorities in the USA.
Turner stated the company was insolvent - so there won't be a reorganization - it will be a liquidation but we still haven't seen the POR if there was a plan to Reorganize OWCP.
"OWC-Israel is insolvent at the present time and met the conditions required under Israeli law for submitting a petition to the court. OWC-Israel stated that it believes that there were no alternatives to filing the petition and having the court find a suitable solution for the benefit of its creditors."
Who the hell knows what OWC-Israel means - I have never seen that term used.
I saw one lame and not factual saying that it was for One World Cannabis Ltd in Israel which is complete bullshit - the DGF loan is with OWCP not One World Cannabis.
From the DGF lawsuit it clearly states:
"Discover Growth Fund, LLC v. OWC Pharmaceutical Research Corp"
See it isn't One World Cannabis - so that storyline will have to change. SMH!
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