Some new information has surfaced regarding the lo
Post# of 15624
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Posted On: 03/18/2021 12:47:25 PM
Some new information has surfaced regarding the loan agreement between DGF and OW Israel.
After reviewing the loan agreement it would appear the focus has been on the wrong thing...such as the fact that DGF holds no common shares...and therefor controls nothing.....that may still be true however the loan agreement signed last year contains important information as to recourse DGF would have against OW Israel if they default on the 200k loan.
While it is true Kirkland holds no common shares, the loan agreement was made between DGF and OW Israel and signed by Mr. Riterband. last June.
In the agreement OW USA is named as the guarantor for OW Israel.
So right there, that would explain how something filed in the US by the American entity could have an impact on OW ISrael...as OW Israel is in default of the loan to DGF...
The question remains, how did DGF take control of OW USA if indeed they hold no common shares?
Are Kirkland"s moves in fact legal and do they entitle him to do what he's doing....
The fact these moves have been recognized in the Israeli court point to yes.
Could they be challenged?..certainly.....as Ziv has said he would have been required to sign off initially on his removal and replacement and he has done no such thing.
The loan agreement clearly points out that DGF has recourse against OWC Israel in many ways and prohibits them from selling off any assets including the IP.
This is one big mess and shows no signs of being resolved anytime soon.
Passover is next week...nothing will be happening until it's over and it lasts more than a week....no 8k anytime soon folks.
Stay tuned.
After reviewing the loan agreement it would appear the focus has been on the wrong thing...such as the fact that DGF holds no common shares...and therefor controls nothing.....that may still be true however the loan agreement signed last year contains important information as to recourse DGF would have against OW Israel if they default on the 200k loan.
While it is true Kirkland holds no common shares, the loan agreement was made between DGF and OW Israel and signed by Mr. Riterband. last June.
In the agreement OW USA is named as the guarantor for OW Israel.
So right there, that would explain how something filed in the US by the American entity could have an impact on OW ISrael...as OW Israel is in default of the loan to DGF...
The question remains, how did DGF take control of OW USA if indeed they hold no common shares?
Are Kirkland"s moves in fact legal and do they entitle him to do what he's doing....
The fact these moves have been recognized in the Israeli court point to yes.
Could they be challenged?..certainly.....as Ziv has said he would have been required to sign off initially on his removal and replacement and he has done no such thing.
The loan agreement clearly points out that DGF has recourse against OWC Israel in many ways and prohibits them from selling off any assets including the IP.
This is one big mess and shows no signs of being resolved anytime soon.
Passover is next week...nothing will be happening until it's over and it lasts more than a week....no 8k anytime soon folks.
Stay tuned.
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