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Posted On: 04/19/2017 11:20:34 PM
Post# of 15624
The fact that top level people are leaching our money should not be a surprise. You have to read between the lines and the fine print. The most important person in the company is Dr. Yehuda Baruch and there is no reason for him to not ask for more and more money, since the entire business model depends on him. On page 26 of the 10-K,
“Our future success is dependent, in part, on the performance and continued service of Dr. Yehuda Baruch, OWC’s director of research and regulatory affairs and Alon Sinai, OWC’s Chief Operating Officer.
The Company is dependent to a great deal on Dr. Yehuda Baruch, OWC’s Director of Research and Regulatory Affairs, to conduct and oversee our clinical studies. We are also dependent on the services of Alon Sinai, OWC’s Chief Operating Officer, in negotiating and serving as our liaison with our collaboration partners at major Israeli medical centers. The loss of Dr. Baruch’s services and those of Mr. Sinai could have a material adverse effect on the operations and prospects of the Company. Dr. Baruch is expected to handle all aspects of our research and regulatory affairs related to developing our Product Prospects. At this time, the Company does not currently have “key man” life insurance for Dr. Baruch or Mr. Sinai.”
Not to mention “If we are unable to hire and retain key personnel, we may not be able to implement our business plan and our business may fail.”.
Put these statements together and you can see how high the demand is for this guy.
Now it is obvious. If dilution is necessary to pay his salary, then who do you think OWCP will care about more? It’s employees or its shareholders?
“Our future success is dependent, in part, on the performance and continued service of Dr. Yehuda Baruch, OWC’s director of research and regulatory affairs and Alon Sinai, OWC’s Chief Operating Officer.
The Company is dependent to a great deal on Dr. Yehuda Baruch, OWC’s Director of Research and Regulatory Affairs, to conduct and oversee our clinical studies. We are also dependent on the services of Alon Sinai, OWC’s Chief Operating Officer, in negotiating and serving as our liaison with our collaboration partners at major Israeli medical centers. The loss of Dr. Baruch’s services and those of Mr. Sinai could have a material adverse effect on the operations and prospects of the Company. Dr. Baruch is expected to handle all aspects of our research and regulatory affairs related to developing our Product Prospects. At this time, the Company does not currently have “key man” life insurance for Dr. Baruch or Mr. Sinai.”
Not to mention “If we are unable to hire and retain key personnel, we may not be able to implement our business plan and our business may fail.”.
Put these statements together and you can see how high the demand is for this guy.
Now it is obvious. If dilution is necessary to pay his salary, then who do you think OWCP will care about more? It’s employees or its shareholders?
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Be advised that if someone attacks me, that post is not removed, but my response will always be removed. These mods are not unbiased, especially 1, so I have to be extra careful.
Here is what happens when the mods are against me: if I make even 1 mistake, the admins will uphold the deletion by the mods, but if someone attacks me, violating pretty much every rule, then a simple mod refusal to delete is enough and the admins do not get involved.
Also, I am the only person who does not get enraged at others' posts, mostly because I am unbiased. I am in search of the truth. Those who abuse the most have huge stakes in the company and therefore want to silence those who disagree with them
Here is what happens when the mods are against me: if I make even 1 mistake, the admins will uphold the deletion by the mods, but if someone attacks me, violating pretty much every rule, then a simple mod refusal to delete is enough and the admins do not get involved.
Also, I am the only person who does not get enraged at others' posts, mostly because I am unbiased. I am in search of the truth. Those who abuse the most have huge stakes in the company and therefore want to silence those who disagree with them
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