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Posted On: 06/09/2017 11:11:23 PM
Post# of 15624
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Thanks for the link to the TSX listing requirements. It's much appreciated.
For now it looks like the best the company can hope for is to be listed on the TSXV, as a Tier 2 category listing. Even then as can be seen below it may not meet the minimum requirements.
*$750,000 net tangible assets or $500,000 in revenue or $2,000,000 Arm’s Length Financing.
*If no revenue, two-year management plan demonstrating reasonable likelihood of revenue within 24 months.
*Adequate working capital and financial resources to carry out stated work program or execute business plan for 12 months following listing;
*$100,000 unallocated funds.
Without revenue OWCP would be doomed to remain a Tier 2 company on the TSXV for a long time. In my opinion they should get their fucking act together first (sorry for swearing) and start making money sooner rather than later. Anything else they do will just be seen as an attempt to raise more funds on the promise of a better tomorrow. It should be painfully obvious to everyone now that they are no longer able to raise any interest whatsoever unless they come up with SOLID NEWS. For me that would be an announcement that the Psoriasis Cream is a go and that their IP is fully protected, and that it will hit the shelves by a specific date. The rest of the things they are working on would then be icing on the cake.
Please spare me the BS on how wonderfully this could play out without revenue. The main reason I invested in the company to the degree that I did is because of the promise of bringing the psoriasis cream to the market in the 3rd quarter of this year. I hope that the company keeps its promise.
For now it looks like the best the company can hope for is to be listed on the TSXV, as a Tier 2 category listing. Even then as can be seen below it may not meet the minimum requirements.
*$750,000 net tangible assets or $500,000 in revenue or $2,000,000 Arm’s Length Financing.
*If no revenue, two-year management plan demonstrating reasonable likelihood of revenue within 24 months.
*Adequate working capital and financial resources to carry out stated work program or execute business plan for 12 months following listing;
*$100,000 unallocated funds.
Without revenue OWCP would be doomed to remain a Tier 2 company on the TSXV for a long time. In my opinion they should get their fucking act together first (sorry for swearing) and start making money sooner rather than later. Anything else they do will just be seen as an attempt to raise more funds on the promise of a better tomorrow. It should be painfully obvious to everyone now that they are no longer able to raise any interest whatsoever unless they come up with SOLID NEWS. For me that would be an announcement that the Psoriasis Cream is a go and that their IP is fully protected, and that it will hit the shelves by a specific date. The rest of the things they are working on would then be icing on the cake.
Please spare me the BS on how wonderfully this could play out without revenue. The main reason I invested in the company to the degree that I did is because of the promise of bringing the psoriasis cream to the market in the 3rd quarter of this year. I hope that the company keeps its promise.
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