Well I’ll just say this I was sitting behind George L. Lauro at the SHM last year when enough shares were not voted to pass, for the record those that voted "for" far outnumbered those that "against" AND sitting there I detected micro movements of his head side to side as if to say WTF my hands are tied for now. Folks if we do not vote the shares they will not have the flexibility to structure deals as they need to. Guys we’ve got F’in Fred Leonberger who worked the deals for JDSU. Lauro who has done this kind of thing Many, Many times. We’ve got Raj who is no slacker, Joe Miller all of these guys are far more intelligent and experienced at this kind of thing than anyone on here, well except Six, he of course knows best because of his vast experience in bringing new products to market and cutting deals in the technology sector. Guys their options are at what a buck a share or perhaps some at 75 or 80. As for cash six, I’ve been in this since the beginning and every year they need cash that is life in a startup company the first few years were in fact scary. I had lunch with JM a few months ago when he was in town I asked if they were going to need money this year, he said that he didn’t know it was too early to say. If they need to do a raise they will also need shares. During such events nothing “secret” is revealed it is mostly about attitude or how one is carrying himself that day, I was very pleased with JM’s ability to respond immediately and professionally, you guys know that I was very critical of him in the past.
I’m not worried I’m actually excided, the pieces are all finally coming together in a professional business/lab like way, they now know it works but what 2 volts or something, so they just have not perfected it; they will get it, just a matter of time, how much or how little time is anyone’s guess. As for that last delay as I said Games will be played and this is very complex science, Lightwave is going to hold its cards very close to the vest. Remember a couple years ago when they moved from selling the magic to creating a working device, they are close to having everything in place to controlling their own destiny. Honestly I’m sure if there is anything else aside from the clean room completion that they need time will tell. Lightwave is “Writing the Book” on this and I might add with very few resources. I still have no doubt that there is a ton of money to make here. I think that I just repeated myself so, Yup Got to grind a stump and split some wood for next year.
X Rock and Roll ;)
