There is an insolvency hearing in Israel in July to decide the future of the company. At issue are tons of debt to employees, vendors and research facilities with zero revenue to pay it off. Just like in the US, assets are sold off to pay off as much debt as possible. The only real assets the company has are it's patents, which would be the assets that would be sold. Not exactly sure what would happen to them if no one wants to buy them. They would only be of some marginal value to a company already either making the products, or one with the manufacturing capacity to produce products from them. But it is apparent that the companies making similar products are just stepping on the patents, knowing OWC doesn't have the money to defend them. And stockholders are screwed here, as recent toxic financing has given the financier 99.9% of the shares, meaning that existing shareholders will get virtually nothing if the patents or company gets sold or dissolved. There is nothing here for an investor.
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