On March 13, 2019, OWCP announced their plans, via
Post# of 15624
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Posted On: 04/05/2019 9:04:28 PM
On March 13, 2019, OWCP announced their plans, via registration statement filed with the SEC, to offer 36,000,000 common shares to employees participating in an employee benefit plan. Now as far as I can determine there is only one such plan and it is called the Israeli Employee Share Option Plan (the Plan). The Plan has a dual purpose: to foster and promote the long-term financial success of OWC and its Affiliates and increase shareholder value.
Hmmmmmmmmmmm
So, in the interest of the financial success of the Company and shareholder value they request their Counsel and get an opinion which in summary says the shares of common stock to be offered pursuant to the Registration Statement, when issued and outstanding.................will be validly paid.
When reviewing the rationale for the Plan it becomes clear OWCP saw the logical and reasonable need to have an employee plan that might help attract and retain good employees and provide them an opportunity to participate directly in the Company success while also increase shareholder value (just how that might occur is not shown or easily understood). In any case, 36,000,000 common shares is quite an award for what has been achieved so far.......share value is barely .03. And then there is the dual purpose of providing shareholder value; oddly, if the shares were used to achieve a 500 for 1 reverse stock split a few non-employee shareholders might question the "value" added.
It becomes more interesting when we get into the timing and real purpose behind this registration and the implications of impeding shareholder ability to fairly examine and think through the details of the R/S.
Hmmmmmmmmmmm
So, in the interest of the financial success of the Company and shareholder value they request their Counsel and get an opinion which in summary says the shares of common stock to be offered pursuant to the Registration Statement, when issued and outstanding.................will be validly paid.
When reviewing the rationale for the Plan it becomes clear OWCP saw the logical and reasonable need to have an employee plan that might help attract and retain good employees and provide them an opportunity to participate directly in the Company success while also increase shareholder value (just how that might occur is not shown or easily understood). In any case, 36,000,000 common shares is quite an award for what has been achieved so far.......share value is barely .03. And then there is the dual purpose of providing shareholder value; oddly, if the shares were used to achieve a 500 for 1 reverse stock split a few non-employee shareholders might question the "value" added.
It becomes more interesting when we get into the timing and real purpose behind this registration and the implications of impeding shareholder ability to fairly examine and think through the details of the R/S.
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