K so 10 or 12 years ago the Goetz’s (that a tongue twister) gets their funding pulled and the gvt. puts like 6 million into Lumera, Lumera is flying high at like 50 bucks a share flying high but it appeared that they had issues with the core molecule and I made a determination at that time that it just didn’t look right. (Sure enough those that created it sold ALL ownership) Oh and as info Bintz (not reflecting on him, historic info only) worked there for a period of time. On and on, not looking good for Lumera yadda yadda CEO’s n stuff go by the wayside, meanwhile in one of the largest bankruptcies in history F’in Gig is formed by getting the assets but not the debt of a company (it appears by the transcripts that the parent company shuffled the books that went with it in its initial deal), ,,,,, it lands in the court down the street (in Delaware) I think they convinced the court that the (Gig/Lumera) company was going be to worth like 35 bucks a share. All along I’m scratching my head, Like WHAT, I think I could succeed in any business if you gave me assets but not the debt used to create the business too. K so almost immediately they did a 8 for 1 reversed split since then have convince numerous companies to give up their cash in turn for what appeared to be shares that were kind worked up just before. Meanwhile the Futuristic Magic the taxpayers funded initially has been given away to a foreign entity and that company is surviving on yesterdays sun setting technology. The Bottom line is that if I had put $10,000 into Gig when I started this venture it would be worth 360 Bucks now. So the grass always looks greener and folks often move on to the next miracle “make quick money” venture and in weeks become an expert in that particular field, (you know what I’m saying). Gig may be a good investment now, but not for me, No Thank You.
So yes it appears that Bintz could not deliver in the time frame allotted, however I also see that it happened fairly soon after Lebby came on board (take from that what you will) stepped up to produce a device within 1 year. He looks like a smart cat, we have a lot of smart cats, But Yes I’m Staying The Course. This has never been done before and these “Smart Cats” would not be here if this didn’t show a Very Good Chance of Working. Hopefully the Testing is Still moving along, not sure, I haven’t asked. Am I worried, nope I’m not the worrying type because it will not change this science. But my eyebrows did raise when Lebby came on an Bintz went away just as Greenlee left when Bintz came onboard. On the timeline front though I hope to see the share price move Up soon as I know there are folks anxiously waiting to see a return on their investment. As for me, Still Accumulating, I bought some Monday and last Thursday I think it was. I may have to make a tax move by the end of the year though, not enough to effect anything.
I still see this as ending in a buyout, the IP that Lightwave has accumulated, if nothing else, would help others learn what works and what doesn’t and IMO that is worth far and away more to them than the 66 cents a share it is trading for today.
X staying the course, they will Nail This and Their Will Not Be Time to Jump in.
Some Day This is Going to Make One Heck of a Story.
