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Gates, I think you make valid points about Bucchi. At the SHM I thought he seemed genuine.
I would like to send Bucchi an email but I was told that Tom won't give out email address's for the Independent Directors for privacy reasons. If someone does want to contact an Independent Director you have to send a letter to the Lightwave office and then it will be mailed to them.
"IMHO, there is one member of the BODs who has most in common with retail shareholders. His name is Ronald A. Bucchi. Mr. Bucchi was a longtime shareholder before he was appointed to LWLG's BODs. In other words, he was one of US. I am sure the money he invested in LWLG prior to his formal involvement with the company was hard earned. IMHO, if he is helping negotiate some sort of business combination, he is the most likely to work hard to ensure long-term value to retail shareholders.
GATES."
Socks and underware. Is that what married guys get for Christmas? I got a couple cool things. An in car camera and a nice single malt scotch. Should go well together.
12 Days of Lightwave
On the first day of Christmas
Lightwave gave to me
a shitty COO named Jim Marcelli.
On the second day of Christmas
Lightwave gave to me
a shitty COO named Jim Marcelli,
and a lazy part time IR guy who makes more than Charles Greenlee.
On the third day of Christmas
Lightwave gave to me
a shitty COO named Jim Marcelli,
a lazy part time IR guy who makes more than Charles Greenlee.
and vague responses to my inquiries.
On the fourth day of Christmas
Lightwave gave to me
a shitty COO named Jim Marcelli,
a lazy part time IR guy who makes more than Charles Greenlee.
vague responses to my inquiries,
and no ROI
On the fifth day of Christmas
Lightwave gave to me
a shitty COO named Jim Marcelli,
a lazy part time IR guy who makes more than Charles Greenlee.
vague responses to my inquiries.
no ROI
and a newsletter that never came to anybody.
On the sixth day of Christmas
Lightwave gave to me
a shitty COO named Jim Marcelli,
a lazy part time IR guy who makes more than Charles Greenlee.
vague responses to my inquiries,
no ROI
a newsletter that never came to anybody.
thoughts of reporting them to the SEC.
On the seventh day of Christmas
Lightwave gave to me
a shitty COO named Jim Marcelli,
a lazy part time IR guy who makes more than Charles Greenlee.
vague responses to my inquiries,
no ROI
a newsletter that never came to anybody.
thoughts of reporting them to the SEC.
and several missed timelines.
On the eighth day of Christmas
Lightwave gave to me
a shitty COO named Jim Marcelli,
a lazy part time IR guy who makes more than Charles Greenlee.
vague responses to my inquiries,
no ROI
a newsletter that never came to anybody.
thoughts of reporting them to the SEC.
several missed timelines.
and no contracts.
On the ninth day of Christmas
Lightwave gave to me
a shitty COO named Jim Marcelli,
a lazy part time IR guy who makes more than Charles Greenlee.
vague responses to my inquiries,
no ROI
a newsletter that never came to anybody.
thoughts of reporting them to the SEC.
several missed timelines.
no contracts.
and grey hairs while I'm my mid-twenties.
On the tenth day of Christmas
Lightwave gave to me
a shitty COO named Jim Marcelli,
a lazy part time IR guy who makes more than Charles Greenlee.
vague responses to my inquiries,
no ROI
a newsletter that never came to anybody.
thoughts of reporting them to the SEC.
several missed timelines.
no contracts.
grey hairs while I'm my mid-twenties.
and an overall poorly managed company.
On the eleventh day of Christmas
Lightwave gave to me
a shitty COO named Jim Marcelli,
a lazy part time IR guy who makes more than Charles Greenlee.
vague responses to my inquiries,
no ROI
a newsletter that never came to anybody.
thoughts of reporting them to the SEC.
several missed timelines.
no contracts.
grey hairs while I'm my mid-twenties.
an overall poorly managed company.
and no test results from AZ.
On the twelfth day of Christmas
Lightwave gave to me
a shitty COO named Jim Marcelli,
a lazy part time IR guy who makes more than Charles Greenlee.
vague responses to my inquiries,
no ROI
a newsletter that never came to anybody.
thoughts of reporting them to the SEC.
several missed timelines.
no contracts.
grey hairs while I'm my mid-twenties.
an overall poorly managed company.
no test results from AZ
and numerous reasons to consult an attorney.
Merry Christmas everybody. Here's to progress and profits in 2013.
That would be nice. We used to be the kind of country that would dig this up with shovels. I guess our hostile EPA is to blame for making mining so difficult to be profitable in the U.S.? Quantum says the EPA will be of no concern here. The ground is practically contaminant free.
PR for today. Pretty light.
http://rareearthinvestingnews.com/8753-quantum-rare-earth-developments-closes-financing.html
The only notable part.
"Although challenging financial markets persisted throughout the year, we have succeeded in expanding the number of potential partners we are discussing the Elk Creek project with. With these discussions continuing on several fronts, we hope to reach a successful conclusion with one or more of the parties early in the new year."
Here's to hoping they have found another serious player that is interested. And that in the end it will bring added value to the shareholders through pitting the companies against each other in negotiations. From the sounds of that last sentence they may be considering letting multiple companies take part in the venture? Maybe some end users connected to Dufresne? That could be interesting. Time will tell and patience will hopefully be rewarded. I haven't sold any of my shares and I don't plan to in the near future.
Everyone should read this New York Times article.
This was sent to me by someone with a lifetime of experience working on Wall Street. It resonates the mistakes that are being made by Lightwave.
http://dealbook.nytimes.com/2012/10/04/keeping-the-lines-of-communication-open/?emc=eta1
Keeping the Lines of Communication Open
BY PATRICK HULL
Patrick Hull, a serial entrepreneur and angel investor, is chief executive of Phull Holdings, a private investment firm with interests in more than 30 companies.
Venture capital, angel investment and private equity firms have become an increasing attractive form of financing for private companies, especially as the economy continues its uneasy path to recovery. Businesses, especially those in the start-up or growth phase, rely on these private forms of investment to take their companies to the next level.
Despite the importance of raising capital from private sources, too many companies continue to mishandle a critical component of these types of partnerships: investor relations. In my own experience and through conversations with fellow private investors, start-ups, small businesses and mid-level companies have become lax in their duties to their financing sources. Consistent communication and strong relationships with investors will make it easier for executives to raise capital and leverage resources for their company’s growth.
Well-executed investor relations require consistent, frequent and honest communication between investment firms and young companies. Considering how important that relationship is, this should not be a new concept. Investment firms and their principals are not A.T.M.’s that are uninterested in receiving a return for their money. They should be treated as advocates and resources. They are members of the company’s team and should be kept informed of developments. Too often, executives approach investors only when a company needs more money. Instead, they must establish consistent communications and build relationships with them. Investors now expect this consistent level of communication from companies, and it should become standard practice.
Reporting is a critical component for investors. In a time when text messaging, Facebook posts and tweets are commonplace, it is essential for these communications to be more formal. Investors expect that updates, financial information and questions be delivered in writing, either through mail or e-mail. Executives should send informal and brief updates to investors on a monthly basis. The monthly update should include profit and loss information. A more substantial report should be issued to investors on a quarterly basis. This report can include detailed financial information and be longer than the monthly updates.
In addition to reports, investors should demand quarterly update meetings. These meetings can either be in person or via conference call. As investors, we expect the opportunity to provide advice because that is part of your responsibility to us. These meetings also benefit the companies in which we’ve invested money. Ideas for further growth opportunities are likely to arise during strategic and collaborative brainstorming sessions with investors. Businesses can benefit from the experience and contacts. If a company is on an investor’s radar, the investor is more likely to make connections with others who can help the business grow or provide additional resources.
The most important factor in investor relations is honesty. Most private equity firms monitor financial data and day-to-day operations. However, at the venture or angel investing level, many investors do not have the time to micromanage these elements. That is why an honest assessment of the business’s successes and challenges is so important. Relationships, whether they are personal but most especially professional, are built on a trust and transparency. Investors understand that there might not always be good news. That is business. Moreover, investors can serve as crucial allies to address challenges and will respect companies more for their honesty.
As investors, we are taking a financial interest in a company. Therefore, consistent communications force accountability. They also encourage evaluation to ensure that the operations or objectives of the company are moving in the right direction. When executed properly, executives will be able to grow their business and raise capital more effectively. The insight that we provide can help build infrastructure so that the start-up can be the company that it dreams of becoming.
I've thought about that before, I thought I was the only one. I'm long both also.
I bet those VVUS buyout rumors were generated to lift the share price.
Stark, I had issues too, but not that one. I was having problems with orders being filled below my bid price. Or even better ask was .13 I bid .125 and it would fill at .121. I had that happen a few times too.
The OTC is not very well managed.
Here's the text if you don't have a Financial Times Account.
Iron ore miners near year highs
By Javier Blas in London
Shares in iron ore miners have surged to a near one-year high after the price of the commodity used in steelmaking rallied 50 per cent from a low in early September.
The share prices of Vale, Rio Tinto and BHP Billiton, which together account for the bulk of the seaborne iron ore market, on Wednesday rose to levels last seen in February, as investors poured money into the mining sector amid signs that Chinese activity is improving and, thus, the demand for iron ore will increase.
More
Equity investors bought into the sector after iron ore benchmark prices – 62 per cent iron content delivered in China – surged to a five-month high of $137.25 a tonne, up 50 per cent from a low of $88 a tonne in early September.
Iron ore is seen as a proxy for industrial activity and construction in China. The commodity is critical for the profitability of large mining groups, including Vale of Brazil, Rio Tinto, BHP Billiton and Anglo American, as well as Japanese trading companies such as Mitsui & Co. The price of iron ore is also crucial for the world’s largest steelmakers, including ArcelorMittal and Baosteel Group of China.
Michael Shillaker, analyst at Credit Suisse in London, said in a note to clients on Wednesday that investors’ expectations for iron ore prices in 2013 were low. He warned they were “likely to be exceeded” as “China re-accelerates its infrastructure spend as part of its overall 8 per cent GDP growth target in 2013”.
Daniel Brebner, analyst at Deutsche Bank in London, added in a note to clients last week that iron ore fundamentals for the next quarter were “improving sufficiently” to expect higher prices over the short term. But he cautioned that iron ore fundamentals beyond the second half of 2013 were a “concern”.
In the short term, Mr Brebner highlighted several positive factors underpinning the recovery in prices: steel inventories, in particular in China, were relatively low; economic growth was improving and with it steel demand; and there was a “reasonably high chance for further production disappointments” in 2013.
The rosier outlook for iron ore for the next three months has spurred strong inflows to miners of the commodity over the past two weeks. Shares of BHP Billiton, the world’s largest mining company by market capitalisation, surged on Wednesday to a session high of £21.79, the highest since early February. In late afternoon trading, the shares pared their gains as investors took profits.
Iron ore has traded this year as high as $150 a tonne and as low as $88 a tonne, making it one of the worst performers in the global commodities market. Iron ore prices are well below the all-time high of almost $200 a tonne set in early 2011.
The rise in iron ore prices would help the trade balance of Australia and Brazil, the world’s largest exporters of the commodity, potentially boosting the Australian dollar and the Brazilian real, analysts said.
Looks like this DEA news was mostly priced in already.
I agree, I sent a friendly email about this today. Keep in mind if they are working on something important or time sensitive they don't have the extra staff to designate this task to. I hate to sound like I'm making excuses. I believe Peter Dickie and Shawn have a great deal of integrity and I don't think they would intentionally leave us in the dark.
Edit: already posted
Doesn't look like anyone bought any shares. Received them yes but bought no.
Check this out.
I should send this to Zelibor. Haha.
http://extremepresentation.typepad.com/.shared/image.html?/photos/uncategorized/2008/01/11/governmentnfp.jpg
Six, I think if we're still in the dark after the end of the year a discussion with the independent directors to voice our questions and concerns would be a great idea.
I emailed about that news letter in October. Here's the conversation:
Me: I signed up for the Lightwave Newsletter when it first became available on the website, but have never received one. Have any been sent?
Cordovano: No, due to disclosure regulations we can't send out a newsletter to certain people and not others. We are compiling a list to email press releases directly to interested parties.
Me: So what you're telling me is there is no newsletter, it's a way to send press releases?
I never received a second reply from Steve Cordovano, though it sounds like he didn't understand the simple question I asked him.
Skidos, I don't think they'll do that until they have the purity of Indigo at the same acceptable level as NR. They may have obtained this goal, who knows. The real question is has Mickleson perfected the process to coat the coupons.
Here's my email inversor86@yahoo.com
You're asking the wrong people that question...
Atletico, info from the AGM will be released early next week.
"The Next Molycorp" http://www.wealthdaily.com/articles/another-us-rare-earth-boom/3191
I hadn't seen that article in my searches before. That investor is local to me and seems to be well known. I'm going to attempt to get in touch with him and see if he still follows this stock.
Atletico I'll find out for you. The AGM was Wednesday, I would imagine it would be more than a day for anything to surface. Sitting at .112 today is annoying but no real selling suggests whoever was in the picture before hasn't gone anywhere. We're all holding our breath. I'm not blindly enthusiastic about this, infact I'd like to see some more insider buying. But I like that Peter Dickie has skin in the game and that for him as well as most or all of the others involved bringing this to fruition will be life changing. That kind of motivation is priceless.
Steel production is up 16.5% in China and reserves are at a low. News like this is coming at a good time in my opinion. http://www.mining.com/iron-ore-price-highest-since-july-as-china-cranks-out-16-more-steel-and-stockpiles-hit-2-year-low-48110/
X, RJ Trotts has been here for a long time. He's a moderator.
No need, Superman is making an omniscient prediction that it will be released this week.
No worries Jake, that's why I asked about the time frame, I didn't think we were outside of it yet.
I'll send an email. How far past the normal timeline has the DEA gone over on the Belviq scheduling?
I can't see anyone getting blocks that big and it not bringing up the share price, strange. Lightwave should change their name to Coincidence.
I haven't heard of them before I will check it out. Do you have an opinion about QRE.V? That's my current Niobium penny stock, the board for it here is QREDF.
Skidos, I don't think the article X posted relates to the mystery company. I've spent a great deal of time searching and I can't put the puzzle together. At this point I don't even want to speculate about it and get my hopes up.
It's tough to say. I trust the management at Quantum. I believe that they must be getting fairly close to have attracted Claude from IamGold. I would like to hear an update from Dickie. You are right the stock trading doesn't indicate that they are close to deal, but it also doesn't indicate it has fallen through. Not all management have loose lips though, perhaps we are in for a surprise one day soon.
I think propjoe meant nobody (at the company) would care if you sold your shares because someone else would take your place.
I'm glad that the pipeline drugs get overlooked, they'll make for nice surprises if they have successful developments.
http://m.seekingalpha.com/article/1056251-arena-investors-should-watch-vivus-closely?source=email_rt_article_readmore&ifp=0
Good article, the author addresses and issue about how some talk about ARNA, which I find annoying.
Thank you for the reply. I was considering taking a small position in IAG but I will just add it to my watchlist for now. I'm only 26 and I have a strong belief that Niobium will be much more valuable years down the road.
http://www.metalsnews.com/Metals+News/MetalsNews/Dr.+Allen+Alper+and+Aaron+Hoos/EXPERT694368/Thom+Calandra+Sees+Better+Times+Ahead+for+Junior+Resource+Stocks.htm
I agree about this being a good time to buy these types of stocks.
Especially with news like this. http://www.mining.com/china-lifts-outlook-for-mining-with-further-infrastructure-investment-next-year-35722/
Nice tip leaselot! It's good to see how the market maker plays this.
When we have a company like this one where with a history of a lack of accountability I think it's worth the time to send emails about things that aren't happening that you thought would. If anything do it for your own documentation, it could be important to have at some point down the road.
If we were told there would a Leonberger proof of concept before the end of the year and you don't think it'll happen why wouldn't you ask if it's still on track? And if it's not ask who is responsible for the delay. I disagree about this company being worth either $.01 or $100, that attitude allows bad things to happen. And maybe if years ago more people got angry about misleading statements or promises that weren't kept then more effective leadership would have been in place sooner. Then maybe we'd be worth $2 or $3 instead of $1. So many screw ups in the past and the shareholders are the ones who suffer. With that in mind if they decide to do a acquisition like some have speculated, if we use stock we'll get more than twice the dilution that we could have otherwise.
NICE. I hope the waiver is true.
Are any of you emailing Tom with your concerns?