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Lebby and Marcella giving themselves raises after the way the stock has performed the past year is ridiculous. These guys should be losing their jobs, not getting paid a combined $1 million this year.
Uh oh, the share price is falling. Lebby better get out there and do another Benzinga interview.
If this company actually has Tier 1 customers knocking down their door to get its business, then the people running this company are the dumbest people on the planet for being unable to turn that demand into any immediate appreciation in share price. You really think they’re diluting at less than $4 a share when they could issue a PR saying something like “we are in talks with 4 Tier 1 companies to commercialize our product” to send their share price to $20 and give them funding for the next 5+ years? The people running this company are either grossly incompetent or committing fraud.
They could be 1 one millionth the size. It doesn’t matter if customers won’t buy them because of reliability concerns which per Lebby’s interview right now is the main hold up in getting more deals done.
Wrong. I am a disgruntled long who is fed up with Lebby constantly failing to deliver. Getting real tired of watching my money evaporate day after day while markets rocket to ATHs.
Your posts reek of desperation. Anyone with two eyes, ears and half a brain can see from the 10k and interview that commercialization is getting pushed further back.
This reads like a bad fan fic.
No no, you don’t understand. The share price is going down because of some grand conspiracy of shorts, not because the company repeatedly fails to deliver anything of substance.
Back into the 3’s we go. I very much doubt we’ll be clawing our way back out this time unless some actual progress is announced.
Sure doesn’t sound like we’re getting another deal any time soon from that PR.
Ah yes, nothing like a Benzinga interview where Lebby repeats how excited he is about ubiquity to restore his shattered credibility.
I don’t want to hear one more word from Lebby about how excited he is or “ubiquity” unless it’s part of a PR in which a new deal is announced. His affected enthusiasm is really grating when there has been no signs of progress in almost a year.
Answer: a hell of a lot better off than LWLG.
No, this being a scam is why it will drop 10% while the indices drop 1%. This being a scam is why it is languishing near multi-year lows while the NASDAQ is at ATHs.
I would bet my life that there will be no commercialization news until right before the ASM, when Lebby miraculously produces a deal with a mystery customer that has a minuscule licensing fee and undisclosed royalty payments.
Going 2+ months without even a whiff of news after Lebby’s end-of-year statement in December is inexcusable. I wouldn’t be surprised if this king bout of silence is because Lebby’s lawyer told him he needs to shut up or he’s going to be in serious legal trouble.
Ok so maybe the stock price has fallen 75% in the past couple years while the NASDAQ is hitting ATHs. And the company has shown no evidence of making commercial progress in almost a year. And Lebby has repeatedly lied about timelines (“cadence of catalysts”, “sharing exciting milestones during the balance of this year”). But Lebby is more excited now than ever. And that is all that really matters.
That’s from a year ago dumb dumb.
We are so fortunate to have a CEO that gives us so many “buying opportunities”. So fortunate he allows us to trade at multi-year lows over and over again so we can scoop up “cheap” shares. What a great guy.
It’s remarkable how terrible this company is at managing investors’ expectations.
If it becomes clear this year that the timelines they promised aren’t materializing and meaningful revenue is a long ways off, this will easily go back under $1.
They won’t be on the Nasdaq much longer if they don’t actually generate any revenue
Back to multi-year lows we go. I have never seen such a poorly managed company.
This company’s inability to leverage the AI craze into any share price appreciation whatsoever when it claims to have not a solution but THE BEST solution to the main bottleneck in AI is embarrassing.
You all need to stop worshipping Lebby. He has repeatedly made promises and failed to keep them. One time could be poor judgement, having it happen repeatedly means he is knowingly misleading investors.
No news and the Nasdaq is set to open down half a percent. Here comes another -7% day for LWLG.
I guess the market doesn’t like it when a CEO promises big developments and then doesn’t deliver. Go figure. Lebby needs to be replaced with someone who understands that you can’t just make crap up when you’re CEO.
Or, you know, the CEO could realize his public statements are going to be scrutinized and not make misleading statements.
No, that is not what he said. He said “I look forward to sharing exciting new milestones in the balance of this year AND next year.”
Anyone with the reading comprehension of a third grader will interpret that as “I am announcing milestones both this year and next year”. And clearly that is how the market interpreted the statement.
Seriously. CEO promises major developments before end of year — price tanks when those developments don’t materialize. You dont have to be a genius to connect the dots.
Back into the 4’s we go. Thanks for the lump of coal Lebby.
The shorts have nothing to do with the long-term success or failure of this company. The CEO making statements that harm his and the company’s credibility and shifting attention from running the company to consulting side gigs to make an extra buck has very real implications for this company’s long-term prospects.
I also own the stock. And as a shareholder that is 30% in the red at the time of writing this measage, I would appreciate if Lebby would focus his efforts on running his company and refrain from making misleading statements.
You don’t think it matters that the CEO is misleading investors? What else is he misleading us on?
The fact that the CEO is doing consulting work on the side to make ends meet is hardly evidence that LWLG is on the verge of making a ton of money. As a shareholder I’d like to know why he’s spending his time on this crap instead of being fully committed to his duties as CEO.
The very last sentence of the year end letter. “I look forward to sharing exciting new milestones during the balance of this year and in the next year to come.”
Has he shared an exciting new milestone during the balance of this year? Unless it comes within the next 36 hours, no, he hasn’t. How can you possibly disagree that that’s a false or at least highly misleading statement then?
Add Lebby’s statement that he is “excited to share new milestones during the remainder of the year” to his list of incredibly misleading statements. Why say this crap if you aren’t sure you’re going to have something to deliver before the end of the year? It destroys your credibility.
This company is either run by idiots or criminals. I’m not sure which yet.
Last sentence of the update that PR’ed on Dec 4th: “ I look forward to sharing exciting new milestones during the balance of this year and in the next year to come”
There is only one logical way to read that. New milestones will be shared this year AND in next year.
Nine days left for these idiots to deliver the news they promised would be coming this year. Is it going to happen? I doubt it.