First off, I'd just like to say to those that continue to spread false bs all over the net about Ziv and Michael being scammers the fact is that they are not scammers in any way..Never has one ounce of evidence ever been posted from a legitimate source that indicates these lies to be truths.....
Those that continue to spread these lies like Horizon BUll and our good friend Iglow the Narcissist, have zero credibility in the eyes of most shareholders anyhow.
I want you all to know that I continue to trust and support implicitly Ziv Turner.
He has never lied to me and everything he has explained to me and at times told me in confidence has always been the way it turned out. Sometimes the timelines are a little off but the events and how they played out were on the mark
Now on to the interesting news.....
I spoke with Ziv this evening at 6:20pm my time, 1:20am Israel time tomorrow....
There is lot's to update here and a lot of bad news for DGF!
I am able to clarify many things from this call and will put to rest some things that some of you may not be happy about in the short term...but it will clarify and show the way forward and what everyone has to look forward to.
Let me start off by addressing the elephant in the room..DGF's action against OW Israel and said individual plaintiff(s)>
First of all..from a chronological standpoint when John Kirkland removed Ziv and Tzvi from the board that was in his right to do so.
Also at the time DGF would have been considered first in line from a secured creditor standpoint.
However when DGF exercised it's right to take a position of ownership of more than 4.99% and assume majority control of the company from that point on they are no longer under the law considered as a secure creditor or any type of creditor at all.
How is it possible that DGF could still be owed the 200k they lent the company when they now control the company?
When John Kirkland appointed Mr. Kugelman he made a fundamental error in thinking that he could appoint Mr. Kugelman to head up both the US and the Israeli subsidiary.
Under Israeli VAT/Social Security every Israeli company by law has to have at least one director with Israeli citizen ship. When Kirkland threw Ziv out and replaced him with Kugelman that was illegal under Israeli law. The VAT in Israel was made aware of the fact that the Israeli subsidiary is now not a legally compliant entity as it has not met one of the the compliance requirements.
It can be shut down at any moment.
Right now as I have previously said what Kugelman and Kirkland control is an empty American shell containing a shareholder base of more than 15 thousand shareholders.
The Israeli subsidiary contains the IP and the debt of the company. Currently there is no one running the company and it will be shuttered permanently if the court awards Ziv and all the former employees their request to claim money owed as well as other requests.
We haven't heard about this claim as these are all filed as individuals with the court whereas initially the claim was put through as a joint claim and was closed on March 9, 2021 as it had to be filed by each individual.
Ziv has also requested to have permission to sell off the assets of the company in order to pay off the debt of the company and to pay monies owed to the 8 individuals.
Jon Kirkland one year ago told Jeffrey Low that he had already recovered his initial 5 million dollars...that is a verified fact . Ziv related that to me once again tonight.
I have written those very words several times on message boards.
It doesn't mean DGF isn't entitled to a little gravy but their unreasonableness and refusal to open their books is troibling and something they have vowed to never do.
By the way Ziv through Israeli lawyer(s) has responded to DGF and John Kirkland has their response. Kirkland knows he is screwed here and is now resorting to try to tie the company and Ziv up in legal hassles so Ziv and the company will comply with their requests.
Ziv is no longer part of the company and has nothing to do with it.. He was removed.
It can't cut both ways.
Kirkland is now faced with having to immediately find an Israeli citizen to sit on the BOD..And like Ziv said tonight..who in their right mind would want to be a member of the board of this company and have to be faced with dealing with the mess...there is no upside....
Ziv also said he has no interest in going back and knows of no one a fool enough to take this on.
The next important point concerns the articles of incorporation and what DGF does and doesn't control.
First of all there are only 2 ways that the articles can be changed or amended... A vote of shareholders or through a filing for reorganization of the company.
Last time I looked the vote(s) were all defeated...and there hasn't been any filing for reorganization.
Under the articles of incorporation of the company it makes no difference how many preferred shares DGF owns and it doesn't matter if they are converted or not.
DGF can only control the maximum amount of shares that are out there which in the case of OWCP is 500 million shares.
otherwise as Zombywolf aptly pointed out, this would make it a slam dunk for any entity to walk right in and take over a company at the expense of shareholders.
It doesn't work like that and the LUNATIC that continues to peddle this crap belongs in an asylum!
This is why Ziv told me and I told you that all the filings by DGF are invalid and not legal and no court will rule on DGF's behalf, not in Israel and not in the USA.
Kirkland has known this for a very long time. All these moves are out of his desperation.
In reality these companies are very close to being shut down once and for all Let me expand on this...
OW Israel owes money to employees, money to suppliers, money to vendors.... If DGF is running the show like they claim to be then it's their responsibility to clear these debts.
They can't continue to claim creditor status while claiming to control the company..It's ludicris and illegal.
DGF and Kugelman are running the empty US shell. They owe money to themselves.
While they have a legal claim of ownership of the Israeli entity they can't exert governance over this entity from a legal standpoint as explained above because they are in violation ( no Israeli BOD)..nor have they shown a willingness to keep the company alive by paying off its debts...they have been doing the exact opposite by bringing frivolous lawsuits against the company and individuals.
With the American entity they can go into protection and attempt to reorganize the company and at that time they could change the articles of incorporation without shareholder approval but with approval of the court..or they can just call it a day and shut the company down.
Ziv also confirmed several things for me today from questions I asked him.
There is absolutely no ongoing work being done on any IP of the company. There is no money to pay anyone. It has been that way for many months.
Right now the company has no one running it or anyone legally on the BOD. An application has been made with the court in Israel to allow the assets of the company to be sold off in order to pay off debt and then the company is shut down in Israel.
It's good night.
There is a little light at the end of the tunnel.
The US entity contains the shareholder base with a confirmed 15k+ shareholders.
There is someone very interested in this shareholder base as it is extremely valuable to a new company..a company such as being built before our very eyes by Michael Feldenkrais.
Kirkland has been unwilling to sell the empty US shell at this point.....
Also bear in mind there have been several offers made to Kirkland to buy him out and he has refused to cooperate...
At some point it will become a total no win for DGF and Kirkland if and when the court(s) rule most of what he has done is not legal....and it will go this way.....
IF AND WHEN THIS SHELL IS ACQUIRED IT COULD MEAN A POSSIBLE TRANSFER/EXCHANGE OF OWC SHARES FOR SHARES IN THE NEWCO CATV..THERE IS A NEW NAME AND TICKER COMING....
ALSO PLEASE BE AWARE THAT ONCE THE NASDAQ CHANGES THEIR POLICY AS FAR AS ALLOWING THE LISTING OF POT COMPANIES ON THE EXCHANGE THAT MICHAEL'S COMPANY WILL MOST LIKELY BE ONE OF THE FIRST TO UPLIST....this should occur no later than 2022
There most likely would be a reverse split but this would be for the right reasons in order to uplist to the NASDAQ for real.
So that's it for now..I am not at liberty to speak about some of the other things I know about but suffice to say that everything I have related here lines up exactly with what I related to you months ago.....
I will continue to update as I am able to verify other information.
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