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Thank you Slim and Proto. Photonic Quantum Key Distribution is fascinating. If it is going to be that secure it will be utilized widely in the future. My biggest concern with the adoption of artificial intelligence has been the greater possibility of hacking, spying and identity theft. This could be a boon to better limit those activities in the future. Silicon photonics has a new driver to rapidly implement it throughout computer systems and networks. The tsunami just keeps building.
Wow, the board over the past week has gotten more contankerous than I remembered. It's like an overcrowded middle school lunchroom right before a food fight. Ted has gone full Grouching Tiger, Hidden Dragon. All of this over whether Polariton is the the signed commercial agreement and whether Dr. Lebby timed the contract to come right before the ASM. Polariton could be the new customer, or not. Polariton is a good guess but there is alot going on and it still could be another company. We won't know until we know for sure. If it was a "timed "contract, so what. Both sides were ready and it was signed. The important thing is it is the statrting bell for commercialization even if it wasn't a named foundry and a tech transfer (which would have been preferred but it will come).
Ted has gotten more and more clear that he thinks the company is stringing us along and lying to us. Making a statement that the signed contract right before the ASM sullies the whole ASM and places everything in doubt is plain ridiculous. Not naming the company is likely a joint decision made by both parties. That is typically in the text of NDAs. If one wants to and the other does not they hold tight for a better time. It is not a conspiracy. Ongoing testing doesn't mean they will be failing for years. Increased testing is necessary when you are working with many entities in varying stages of evaluating their readiness to commit. He is calling out to "newbies" to avoid the company for its deceit. He really doesn't want new people to buy the stock. Who does that without an underlying reason? Either he can profit from a share price fall or he has been instructed by an employer to turn up the heat to try and raise more doubt. I honestly have never seen anyone work so hard to do so. His dialogue sounds desperate.
A signed contract, even one for licence and royalties on sales, is still an endorsement of the technology. I certainly want to see more. We will very likely hear more in the the next 6 weeks with ECOC in October.
I like to consider drivers to Lightwave's success as it enters the market especially after they get going with their initial deals relating to datacom. We have been excited by the passing of the 52 Billion CHIPS Act as it can help with new semiconductor research, development and foundries being built in the U.S. Applications for the funds are being processed. It is certainly possible that LWLG has made a case for funds. The problem as bureaucrats might see it is that they are not building a new foundry in the U.S. They do offer something in the area of development as they can be an extender for foundries with their additive technology helping to produce superior chips. Think what that would do for the company to get some funding.
The U.S. has fallen behind in semiconductor manufacturing giving up alot of to Asia. The government and the industry has woken up to the political and economic danger of this aspect of globalization and now realize that supply chains outside the country cannot be strongly relied upon. There are now concerns about a rising China and the strategic and military need to have a safe supply of advanced chips let alone having enough supply of chips to make cars and washing machines and to further the country's digitalization and use of AI.
There are some things you cannot fix with money at least quickly. From Barrons this week, Taiwan Semiconductor recently announced that they are slowing the production of their 40 billion dollar foundry in AZ because of a lack of enough skilled semiconductor workers who have the expertise for semiconductor equipment installation. This is a problem for other chip companies as they have had a great deal of work done overseas. Add to this the immigration policies the last few years and not enough talented and skilled workers have been let into the company under immigration. Other countries are allowing skilled foreign workers into their countries to aid in this issue for them. Vocational programs have markedly fallen away and needs to be bolstered and advertised to young people. This will take years.
So where are we going to get the more advanced chips needed. Yes, LWLG can help with this looming problem until immigration and vocational programs can make a difference and new foundries are built. Perkinamine polymers can be added to exisitng equipment to help produce the faster, more design friendly (meaning smaller size ) and power saving chips that the market needs. This is helpful as it doesn't depend on new semiconductor equipment to be brought online at least yet. This urgency was not there a few years ago. There has been a perfect storm of silicon photonics not advancing enough without polymers as add ons, supply chain issues highlighting our vulnerability, data exploding with no end in sight and we are in a race with China economically and militarily. Polymers have been held back because the old stuff was good enough but not anymore.
So money from the CHIPS ACT would be great but we also win on our ability to improve upon what already exists in manufacturing chips. Large successful companies don't like to make big changes unless they have to. Ultimately the market makes demands that must be met. Some chips companies know this, others will have to learn.
The first quarter 10-Q describes the details of the expanded lease agreement. They were waiting for the current tenant and landlord to work out details of ending the lease early and to exit the property. Most companies will announce acquiring a new property in advance of moving in to let shareholders know they are expanding, especially if it is material information. Why have they not moved in and started work there? They have been refurbishing and adding equipment to meet their needs. Work will begin there soon.
The new expanded lease is for 10 years. It doesn't seem like they is disappearing in the near future.
This is an excellent example of Ted bringing up old news that has been debunked in the past, spinning it to suit the purpose of putting Lightwave's management in a negative light, purposly leaving out that a current occupant was willing to exit the lease and emphasizing how the company is failing and has little going on to the justify the lab space.
The lab space was worth waiting for the previous occupant to prepare to move. How often does it work out that you will need more space and the landlord and occpant for that space works with you to take over the space just next door. The landlord allows you to take down the wall separating the space so you have a seamless connection from one area to another.
It is perfect! The landlord very likely knows the business is going to take off and there will be Lightwave there for many years to come.
Correct X, they haven't talked yet about Telecom. It has taken a couple years to get very close to bringing out modulators for data centers. It is logical that network switches and routers will be next. Nobody wants switches and routers becoming the next chokepoint. There has to be work going on with partners to bring out what Telecom will need with Lightwave inside. It is just a matter of time. We will hear more about it likely after Datacom gets rolling.
Proto, Ted is baiting you. I know you care alot about truth on this board as to what is going on with the company. Ted is a skilled debater using facts and implied facts to raise doubts. His conclusions can be off if it is old news. He uses old news often to make a point. If something was in print he will refer to it even if it is someone's opinion. A 10K from a year or two ago can easily be outdated. He almost always tries to get the last word in so that he has control. He asks questions of people who post often to get them into dialogue. It usually does not go well.
Today it is his efforts to marginalize the polymer slot as being delayed. Dr. Lebby did not say that and was championing it at this years ASM. The information from the ASM should trump past information if there is a question. Your regular efforts on this board is greatly needed to remind folks of what is real in an effort to counterbalance the Bashers. Be careful with Ted as he tries to unsettle posters so it is best to state what you know and leave it that.
Yep. I added it after the reminder.
If you listen to the 2023 ASM Dr. Lebby does not talk about polymer stack or polymer plus instead highlighting polymer slot modulators. When he talks about the modulators being very tiny he is likely referring to slot as it offers the best applications based on size. He spent alot of time emphasizing speed but even more so size and power efficiency. His comparisons to silicon photonic competitors highlight the marked advatages of the slot modulator with size, power usage, speed and design options with a runway for next generations for at least the next decade. Competitor products are harder to manufacturer and are more costly to do so. They still will be sold into the market over the next few years but some may not survive to the next generation or two due to limitation in specs.
What comes first into the market, no one knows. They get closer all the time. It sounds like they are in the final testing phase to meet customer satisfaction for thermal and photostability of some manufactured devices. Again that would have to be polymer slot as that is what the customers want. They have done well so far and the testing is still ongoing as of the ASM report. No guidance was given on number of foundries. You could interpret that good or bad based on your belief of progress or bias.
As to the issue will they get to the commercialization stage more clearly soon? What is soon? We are talking months, more than likely, as PDKs at some foundries are likely done and waiting further reliability testing and customer evaluations. Some foundries are ahead of others. To assess commercial readiness
one must look at the whole picture and not a micrpscopic view that Ted often uses to look at uncertainty about something and magnifying that into something that shows the company is far from succeeding. It is better to look at things that show the need for the market to embrace what the company has, look at progress made over the past year, history of the company announcing patent acceptances while using novel manufacturing methods with partners well before that, and it could get going over the next 6-12 months possibly in a big way. There is the possibility of information on partners working on new applications of OEPs which offers a surprise facor over the next 6-12 mmonths.
Here are some reasons for commercialization occuring in the next 6-12 months.
1) 3X the speed, 10X lower power, very small size (15-30X less).
2)Data volume is now advancing at a doubling of rate every 2-4 months vs every 2-4 years previously.
Current alternatives not competiticve future options.
3) Power usage is inceasingly costly for data centers and for the grid locally with risks of outages. Climate change wants green.
4)Water use needs to decline to help cool data centers. Drought conditions has worsened and will continue based on forcasts.
5)Increasing data use needs options to pack more modulators into a transceiver package for future. Size matters.
6)Stability matters. Photostability is at 9,000 hours as of the ASM and counting. Thermal stability has looked good so far as well.
7)Third party validation with Polariton showing world record for an electro-optic plasmonic modulaor 250Ghz and 1/10th the power.
SilORiX and KIT demonstrate world record 140 Gbd PAM 4 sub volt Mach-Zender slot modulator thermanally stable.
8)Patent Moat well over 70 U.S. and worldwide patents for production of organic polymers and manufacture using foundry PDKs.
9)Complete control of manufacture of poymers with 5 series available based on application. Series 6 on the way
10))No need for foundries to upgrade to new equipment to manufacture; can be added to existing equipment.
11)Low capital structure with foundry manufacture based on license, royalties and tech transfer
12)Modulators/transceivers first out. Working with partners on other applications, still under NDAs.
13) Validation of commercialization /First commercial agreement for supply of polymer with license and increasing min. royalties
14)Increased Lab space by 70% with anticipating use for increased manufacture and development of new poymer series
15) Fully functional clean room for developing and testing new manufactured devices
16)Packaging patents including use of ALD to encapsulate and aid stability of OEP chips
17)Ability to eliminate gold box packaging.
18)Can use gold box or aluminum on electrodes.
19)Company has debt and an as needed shelf that they time as needed
20)LWLG anticipates rolling out transceivers in 2024. At ASM Dr. Lebby said "rapid adoption during the next 24-36 months.
I would add a great Board of Directors and leaders in photonics. Dr. Lebby himself is a full professor and has enough patents to his name to be included in the patent hall of fame. The 11 new hires this year says they are getting ready for some action. I was reminded, no debt and shelf in place for funding when needed.
In the ASM Dr. Lebby said the new expanded Lab space will be used for product device testing and evaluation, laser characterization,SEM analysis (scanning electron microscopy analysis), and considerable space for increased chemical synthesis and production line for polymers. There was no mention of volume manufacture of devices in the space.
Ted, the slot has the spot on top. The slot modulator as well as other devices using the poymer slot manufacture is recognized by management as producing devices with the greatest flexability in size which allows adaptability in designs for future devices. This is what end users will want. When Dr. Lebby talks about power consumption and speed I believe he is talking about the slot. The foundries running 300mm wafers want the slot for the above reasons.
If a customer will want to use the polymer stack in a device it would likely be with a smaller foundry running 200 mm wafers and has filled smaller orders in the past. As to trying to pin down the two options as to which would be first seems meaningless to me. The business is evolving with multiple foundry partners and who might sign a deal first and commence volume manufacture is unclear. It may well depend on a large customer who has asked the foundry to work with LWLG to officially place an order to get it rolliing.
We have five months before 2024 is upon us. There is alot that can happen in that amount of time. As to who is right KC or Proto I would say neither of them nor I could give you the certain answer you are requesting due to the complexity as to what is going on with partners and customers. The majority of folks on this board really don't care as in either case it means sales will begin. Your making this issue into an either or between KC and Proto and to annoint one of them as wrong just appears to be your effort to stir the pot and create tension and uncertainty. I would suggest you drop the issue and wait and see.
Ted, have you thought about the possibility that they test all of their products during manufacture and certainly before sending them off to customers for their review? The polymer slot and polymer stack chips both have undergone extensive testing. The main focus the company has been on polymer slot which has more significant commercial implications. Customers are more interested in that as well. Your question seems to be making an issue like "which came first, the chicken or the egg".
Anyone holding shares in LWLG or those who are comsidering buying the stock you absolutely must do your own research. The last 3 ASMs will offer you a great deal of useful information to start. Anyone reading this board for the first time would likely be very confused as there is the long term holders of stock, most of whom are very optimistic based on management's progress and projections on the start of rolling out devices with LWLG inside in 2024 and moving to greater expansion in 2025. Then there are numerous posters who bash the company with insults, allegations of lies and cheating shareholders. There are a few who question everything and try to twist the meaning of what management says or what other posters might say in order to establish doubt. That is why doing your own research is absoltely necessary to make a decision on the company.
We have had an influx over the past couple months of numerous new posters who have come in bashing the company and other posters who try to respond but are met with a tag team effort to encourage doubt with debates, demands for more information or just insults. This is unfortunately happens with companies that are finding success and are developing into a commercially viable company that could have their share price go up in the near term. These Bashers are here to effect an influence on others to have less optimism about success and either sell shares to lower risk or exit entirely. They don't want new people to statrt buying shares. People always do things for a reason. Who would waste their time on a message board to strongly encourage others to not invest in a company if they have no financial incentive to do so? The answer is they wouldn't. Are they there because they are kind and caring of new investors? Listen to the venom they spew and ask yourself are they credible. Do they offer believable facts that contradict what management said?
Stock message board bashing has been increasing over the years and often is a tool of short sellers who want the price lower to increase their profits. They will hire Bashers to spread confusion and doubt often by taking over a message board with numerous negative posts. They will use different methods to do so. Here are many examples of the kind of posts you will see and you will be able to tie them to several posters on this board. These examples are taken from a post on Reddit by RedditDeep07.
1) Bashers don't bash stocks with no potential. You will only see many bashers posting on stocks with significant potential in effort to hold back the price by influencing others.
2) These Bashers often bring up old news over and over again as if it is current and remains significant. If one doesn't confirm this it is assumed to be current and significant. One must confirm what is said by a Basher against what the company more recently reported.
3) Bashers post the same themes over and over filling up the message board and overwhelming any volume of postive posters. Who would do that if they had no agenda? They will bash any positive comments to discount or discredit the other poster. They fill up the board with nonsence posts to annoy. Positive posters may leave in their frustration. Are they paid to do this? In many cases they are by short sellers needing the price to be lower to maintain a profit.
4 )They will state things that are exaggerations or lies such as no company has occassional insiders sell stock, or not making a profit means they are not succeeding and never will. It is important to see what progress is occurring and make your own decisions. Some Bashers will say they own shares to seem like they now believe the company is a "grifter" or a "scam" but the negativity of their posts make that questionable. If so a reasonable person will sell the shares and move on instead of posting numerous times a day that the company is a scam. Posters are anonymous and can say anything they want true or false. That is why doing one's own research is necessary. Bashers know it is hard to fact check their opinions and your only defense is doing your own research.
5) Bashers know some shareholders are tired of waiting for profits and share price advancement. Filling the board with negativity may add to a shareholder's
dissatisfaction in the share price and could lead to selling on a bad day. This can be seen as the short count rises.
6) Bashers are all about bringing the price down. They post throughout the day in the hope of reaching possible new investors to add doubt to the credibility of the company.
7) Bashers will sow doubt by saying we don't have enough information to say the company can be successful. They will ask questions that would be hard to answer except by doing careful research or ask questions about "a problem" that cannot be answered as that piece of information may not be public yet. This spreads doubt and appears to make their statement credible. Your only defense is to do your own due diligence and review management successes and progress bringing a new technology to market.
8) Non-Discloscure agreements are often used in the technology sector when a company is working with other companies to bring out new technology. The company will typically remind shareholders of this. These NDAs are strictly followed until each company agrees to go public. Because important progress is not yet public this allows Bashers to tell you it doesn't exist. The more significant the technology the more NDAs are utilized to keep a competitive advantage for all companies involved as the technolgy comes to market.
The board is now filled with such posters. You can match the types to the above descriptions. Remember 2 months ago the company signed a partnership agreement and suggesting more news is coming in the near future. The past 2 months there has been a marked increase in Basher posts and more significantly new Bashers coming on the Board. Coincidence? I don't think so. There is no change in management guidance to start introducing devices in 2024 and improvements in manufacture has gotten much better this year. The company has said foundries have volume samples with customers assessing and testing them. We wait on the deals. I do with patience.
Right now the stock price is range bound. It will remain so until we get further news on commercialization. One theme that comes up often from many stockholders and definitely stock bashers is when will it actually happen. Many stockholders have been waiting for years. Stock bashers use the apparent delay as the in your face taunts to holders of the stock, hoping it will keep buyers at bay. We have heard Dr. Lebby say they are ready to commercialize so where are the deals? I am sure he knows having said that that now bashers can bash away with statements like it will never happen, he is lying and stealing our money or if there is a deal it will be small. I have never seen a CEO make such a clear bold statement after building up a technology step by step over several years to be ready for the market and not come through.
We must keep in mind the timing of a deal that would announce a tech transfer partner will depend on the readiness of the partner to do so. The partner would have to have all testing of volume production finished and very likely customer samples testing out well by the customers. They will not commit foundry time and money until there is enough certainty. We know that the plans to have 800G transceivers go into the market in 2024 is there and the need for that is enormous. It must happen for reason that are too many to count. Current technology doesn't have a good option unless the transition to using a truly different material like OEPs begins.
It took many years for the company to have gotten to this point. Lightwave needed many reasons to have the market embrace the new technology that was being offered. It needed to not only offer a new material with better transmission but also improve many aspects of manufacture on current equipment that made production simpler, more efficient and less costly. We have been privy to accepted patents which took several years to be granted but the company has been using them with partners for quite a while to get them ready for transitioning to what will become a mainstay in moving data.
While this was all happrening, the market needed convincing that legacy technology would not cut it any longer. Power use was skyrocketing due to increases with the need for more data transmission and legacy technology that needed more power to move the data and the increasing heat thst was generated as a result. With climate change it is now apprent with rising temperatures across our country and the rest of the world adding more heat to the mix is very bad and the water that is wasted trying to cool data centers is now an alarming problem adding to drought conditions. Size was an impediment as more complex devises had to be used. Using other new materials that were introduced improved one problem but not to others, sometimes creating new problems. Data demand started the expected exponential growth even faster than expected. With new technology that will be data hogs were on the cusp of coming out (AI, Lidar, VR, medical sensing, quantum computing) the market finally really needed what OEPs offered. Dr. Lebby had the company ready when the need was getting out of hand.
Everyday the company doesn't announce the news we want we are all disaapointed. It is worse reading this board with the Bashers posting insulting comments and prognosticating the company failing without any proof or facts that may have only existed a few years ago. Don't forget the comments that make absolutely no sense and just fill up the board. Notice how the Bashers are posting frantically. They are here to try and affect some control on the upward movement of the price by impeding useful information between honest investors. If they bother you, ignore the juvenilke BS they spew. We need to be patient as the stars are aligned for our technology to be coming to market starting in the next several months.
Speaking of tools, we have enough tools on this message board to fill a huge toolbox.. We have posters who bash the company multiple times a day and calls management "grifters" and scam artists. Who does that but to try and wear people down so they can sell their shares. Screwdrivers I would say who just want to make money off of you. We have bashers that turn on credible people on this board who actually post facts. They mock and deride them especially a certain musical hammer who tries to act like a bully and hammer away at individuals. Then there are tools that talk utter nonsence and can't even type out a sentence in clear English. They think they are impacting people here but they sound like they don't know what they mean. I occassionally have a tool in my toolbox at home like that so I don't have any idea what am I supposed to do with that one. We have saws on this board that slowly wear us down with questions after questions, ignoring or arguing with us endlessly. Sawing through our nerves I would say.
Yes there are tools on this board. They have an agenda and it is to try and dissuade, and wear people down from owning stock in LWLG. They are mostly the tools of large financial entities whose goal is to drive down the price of this company either to cover a short position or to gain a better entry point of ownership. This happens especially with emerging tech companies working under NDAs which creates an open landscape to manipulate at least until the curtain goes up and companies start coming out of the NDAs. Just before that happens, the tools try even harder to tear things down.
Hold the line.
Sorry, the post did not come through as envisioned. Stock Bashing is more widespresd than I realized. Do a quick search and be educated on the underhanded manipulation being so widespread and likely coordinated here on our Board. When you see bashing increase greatly on a message board it usually means desperation to have the stock price go down by big market players who pay Bashers to say their nonsense, bash companies and management as crooks or fakes and repeatedly talk about old problems that no longer apply. It is meant to exhaust shareholders so they avoid the board. It is like a virus that infects the board and overwhelms the immune system.
Remember true longs are the immune system. Fight the Bashers with facts or put them on ignore but don't let them influence your stock holdings without you doing your own due diligence.
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Stock Bashers Galore today. It's like a parade of them. This from a Reditt Post by Reddit Deep07 from 2 years ago . Nice summary of what is going on lately. If you do searches on Stock Bashing you will undertsand the reasons for this as often Stock Bashers are paid by entities that want your shares. Do some further research and gain further insight.
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RedditDeep07
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ANALYSIS & RESEARCH of paid stock bashers. Same username, language, behaviour/traits found in reddit/stocktwits/twitter. Growing in numbers, Also Did you buy the Dip 😎 ? 💎🚀💪
The Battle is On, Shorts are on Panick Mode, hiring more Paid Stock Bashers!
Lesson 1 Bashers never bash bad stocks. You can watch the board for stocks with no potential. You’ll see pretty quickly that those stocks don’t have bashers. Bashers only go after stocks that are going upwards or have excellent potential to go up. Bashers get left behind, so they want to bring the price down.
Lesson 2 Bashers bring up old news that you have heard many times. All companies always have a few bits of bad news. The basher will post these bits over and over again. The stupid basher will try to make the old news a bit fresher to try to fool you. Don’t be fooled!
Lesson 3 Bashers post many times a day. They try to wear you out. They comment on everything, every other post, and can answer every question. To hear them say it, they know it all.
There is no positive comment they won’t bash. They try to control the board with their negativity. If they seem to be working on this one stock full time, that’s because they are! Even more than full-time.
Lesson 4 Bashers will lie to your face (or your keyboard). Never trust a basher. The truth on most companies is that mistakes are made and losses happen. The basher will try to make you believe all companies make a profit, release financials every quarter, and have all aspects of the business running smoothly from the start. This is not true. Anyone who says it is true is either lying or ignorant. Don’t listen to either kind. Small AIM companies can go years without profits; this is the nature of the beast.
Lesson 5 Bashers know that you can’t verify their statements. That’s why they make the statements they do. You can’t check them out and you may just believe them and then they win. Either way, they don’t lose.
Lesson 6 Bashers play on your lack of knowledge. They count on the fact that they can lie about information and you won’t know the difference. And you won’t, unless you have done your assessment of the company and know truth from lie.
Lesson 7 Bashers play on your lack of patience. You have held a stock for a while, knowing it will be a big stock someday. The basher can get to you because you are tired of waiting for your gain. When you are getting your plan, you are ripe for a bashing. You are tired and you’ve forgotten that the goal for the stock was to hold it for one year, then see where it stands. The basher is bothersome and tiring, so you dump it on a bad day and so do others. Then you get angry about your loss and you return to the board to let everyone know how mad you are. Congratulations, you too have become a basher. The basher has won and gained a new, unwitting, partner. At this point the basher will buy low and become a pumper, maybe using a new alias, and will try to reverse the trend. Your loss becomes the basher’s gain as your stock rises after you sell it.
Lesson 8 The basher is all about bringing the price down. That is the nature of a basher. The truth is not important; lies are the norm. They are trying to hit the newbies visiting the board for the first time, so they post continuously throughout the day. They are trying to wear out the longs on the board and they will do whatever it takes to do so.
Lesson 9 Bashers will try to create doubt and get you to research items that they know will lead to the creation of doubt in you and in other stockholders. A typical trick of an advanced basher is to propose that there is a potential “problem” because “we” don’t have the facts on a particular subject. The basher dares someone in the group to find out the answer to the question. The basher already knows the answer and knows what you will find. The power of this tactic is that the basher is now in control of the actions of the stockholders; the basher has you in his web of lies. Most stockholders will do due diligence when confronted with a questionable news story. When the stockholder cannot confirm or deny the story because of too much conflicting information, the basher gains credibility
GME TO THE MOON 🚀🚀🚀🚀🚀
I agree with jeunke that it was a token amount (which many questioned at the time as it was a very, very modest purchase). I too believe he likely got legal advise on the matter. Since that purchase he has made 0 transactions holding all shares and options. He has continued to hold that small number of shares making it clear he was not looking at making a quick buck. The SEC would likely look at this as a small vote of confidence if they looked. I wonder if buying under 1,000 shares doesn't trigger anything of signiificance with the SEC. They have better things to do than to go after someone under these circumstances.
Unfortunately there are some people on this board who would chastise him for either buying or not buying shares as they give him no respect no matter what he says or doesn't say.
"Insiders DON'T BUY for a reason". You are right that they don't buy but it is for a very good reason. Insider trading laws prohibit insiders in a company from buying or selling shares of their company while the company is working with other companies under NDAs. Even a single NDA can create that restriction. The law also applies to insiders of a company not trading the the shares of another company working with it under an NDA. That limits insiders from other companies buying stock in Lightwave. The NDA restricts the trading of stock even if it is not explicitly stated in the NDA as the presence of an NDA by definition makes it clear that there is non public information that could be material.
There is nothing more material than working under many NDAs with multple companies with the intent to bring out disruptive new products along side of another company. LWLG insiders don't buy the company's stock because it is wrong and goes against the law. Once the company starts rolling and is profitable, the amount of options going to members of the board will go up. We will likely see insider buys when the company comes out from under NDAs.
Yes, Proto is amazing. Thank you Proto for all that you do to educate us all. Proto, Xena and X offer a strong counterbalance and fact checking of the scam crowd who want everybody to sell their shares and drive the price down. Any new people on this board, use your own judgement as to who makes sense and who talks repetitive nonsense.
The cesspool will drain when positive news that has financial implications is released. The possibilities for such news are many. The negativity on the board comes from the "scam" crowd who deride shareholders for holding on in the face of earnings uncertainty over many years and what they say of management taking money from shareholders and lining their own pockets. The reality is the management has been paid less on average than most technology managers in public companies their size over the years. The shelf is there to pay for ongoing operations until there is earnings and cashflow. That includes paying salaries to highly skilled and very smart people. The proof of what I am saying is the fact that there is no debt even though the company has been around 20 years or so. I think that is remarkable given the lab space and clean room they are already using. Only good financial management allows that to happen. Remember debt can often kill small companies as it limits financing options.
I fully understand the need for some long term holders to complain about what appears to be a slower development and attaining deals. Doing so multiple times a day only adds to the short and scam crowd's energy. I would ask you to periodically step back and review progress that occurred, what the company has said will happen and the need for OEPs to enter the marketplace.
Take a look at the short and scam crowd messages. There is a total lack of detail or credibility to their discussing the value of Lightwave's technology. They bring up old problems that have been solved already. They lack technical knowledge to back up what they say. They add to the cesspool in a major way. Their messages are often ridiculous and at times cartoon like. With the next deal or two they may well go away but new ones will always be here even when the shareprice goes up. As X has said, there will always be someone that wants to pick your pocket. Use your ignore option if it affects you.
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Increasing staff and adding well respected and experienced Board members happens typically when a company is in a ramping up stage prior to commercialization. It doesn't happen when a company is going nowhere.
Whenever a public company brings on a new member to the Board of Directors they always release a public statement about doing so and short bio of the new member. To paint this as a mistake on Dr. Lebby and the company's part is just plain silly.
Great summary X! Deserves to be a sticky.
I absolutely agree that she is the right person at the right time to join the Board of Directors. Her knowledge and experience in bringing new technology into the market with her financial acumen is great for the company. Being able to accurately price the value of technology especially for the company when it is in negotiations with several, possibly many other tech partners is needed and timely. She has witnessed the evolution of emerging tech companies so likely knows what works and what doesn't work. She is the perfect person to add to the many smart technical members of the Board.
"the shorts are SOOO MUCH smarter than the investors..."
I don't think people who are building IOUs up by the millions are very smart at all. One news release on commercialization, which can come at any time, could sink your account.
So it is like talking to a wall. I get it.
The complaint that there is not enough information from the company comes up everytime the share price goes down. Usually several of the negative posters come onto the board to post complaints around the same time. Coincidence? I doubt it. In answer to the lack of information from the company I would say that they have given more information and details about the evolution of their technology and explained the significance of such better than any other tech company I have seen bar none. It has been to keep shareholders engaged. I feel I understand the utility of Lightwave's OEPs very well and how they will fit into the market especially in the usage in transceivers which is a very large market neediing upgrades every few years.The prospects for the many other uses are very likely under NDAs so we don't know as much but keeping that information confidential until readiness for introduction into the market makes strategic sense to me. You just don't show all your cards when you have a technology that can disrupt a market leading some companies to gain and others to lose. I am content to wait for more information as we have about 6 months before 2024 is upon us and that has been the guidance up to this point to start commercial rollout of transceivers. Did you people not see the slides on potential markets for the polymers? Did you not see the slide showing one technical goal being met after another over time? Have you not been listening to the many presentations? All this negativity coming out again today only shows you have either not been listening or you don't understand. Of course trying to complain the price down is certanly a possibility as well as I don't think some of you are shareholders.
That is a new level of nonsense.
The stock is volatile today. What else is new? There are strong forces pulling it in both directiions. There is always the shorts, traders and option players that try and capitalize on movement of the share price. In an environment of no news, no earnings, high interest rates, recession fears and a solid long term shareholder base resulting in a smaller than average float, they have a lot of control manipulating the price in that small float.
You can tell the rain will stop when when the clouds start to go away. That is happening. We have seen a quick drop in inflation pressures. Most market pundits had been talking recession but several lately have backed off that because of strength in the economy. We heard good news at the ASM with expectations of more good news coming soon. This is in the context of the market fascination with AI. Many AI companies have come out of hiding and have had very large increases in share price.Our stock has fed a bit off of that but not as much as other companies, yet. The first wave in a large tech transition is all about the pick and shovel companies that make AI work ie Nvidia and other chip companies and platform companies on which AI will run ie Microsoft, Apple (on the device) and software tied into the use of AI. The second phase with the rollout of AI will be in networking. The need for speed will demand faster building out of the network through fiber and mobile. AI is an irresistable force. Add to that, Lidar, Virtual Reality, sensing in many forms will be rolling out over the next few years at the same time. All of these applications require a very fast network that moves data seamlessly with little data loss. The network upgrade cycle will start in 2024 and really accelerate in 2025. That mirrors Dr. Lebby's timeline for ramping perkinamine enabled chips in devices to power things forward. People with short time frames may not do well. People who are long the stock with the patience to hold their position despite the strong ups and downs will do great over the upcoming years. Stay smart and keep looking at the whole picture.
My last post was a general post not a reply to bb867.
We had a great day today with strong positive movement of the stock price. You would hardly know it based on the endless arguing and debating with Ted. It accomplishes nothing. He has hung on with all the negative feedback from other posters and only increased the same questions in a multitude of ways. He called himself stubborn and he backs that up with actions.The more he was told to stop and go away the more he hung in there with many of you. That should tell you it is not worth debating with him. Let him speak his opinions like everyone else. Respond if you must but be prepared for the merry go round.
Ted, the reason I did not respond further is that I did not believe I could influence your doubts. You very frequently ask for explanations but don't believe the explanations people give you. Think about it. On their end it is just too frustrating. It looks to me that you get trapped by a word or two that Dr. Lebby might say and you pick apart the meaning and the intent. In order to understand the meaning a person must look at what is stated and correlate this with all the other information one knows to come to the correct conclusions. A person's investing choice for or against a company can remain an ongoing bias unless one keeps an open mind to possibly being wrong.
My goodness Ted with all those doubts I don't know how you sleep at night. As I am long the stock I don't fret the timing details as much as you seem to do. I believe Lightwave Logic and their foundry partners want to get things going with some urgency based on the market opportunity and time and money spent in the process of development. I agree more details from Dr. Lebby would be appreciated by all and help us to clarify expectations. He has stated more news will be coming in the near future and I too hope it is soon.
Ted, I don't see any reason to doubt what KC is saying or what Dr. Lebby presented. I see your point of possible ambiguity as you seem to parse details somewhat more than I would. I would say I have trusted what Dr. Lebby communicates and if he is providing a reassurance regarding packaging it is in the context of discussion of foundry manufacture. If it is at the packaging phase for testing it means all steps in manufacture leading up to this point tested out well. He has given information about meeting those steps in the past. It makes sense LWLG can make, in their small foundry, small amounts of modulators for transceivers for special applications. Where and when that fits in seems like it would be early.
KC has been intimately involved in the development of this company for many years. He knows much more than I as I have been a shareholder for only two years. He understans the specifics of the tech manufacture much better than I. I have been very impressed with KC's knowledge and lack of what I detect as stretching the details. Similarly I don't see Dr. Lebby trying to deceive with limited information or innuendo. He is limited, I believe, by NDAs at times in communicating with shareholders.
His statement of readiness to start commercialization is very encouraging to me. I look at the overall progress made getting to the point of commercializing over the past couple years such that I have increased a substancial positon based on that progress. I am good with waiting for this to play out over the next couple years.I have to say that if I respect a CEO, and I do Dr. Lebby, I will take what is said at the clearest meaning until otherwise. I have seen you question a lot things I would not have questioned over the past year. I have a positive bias while I see you as having a negative, doubting one. That explains a lot of what we see and hear.
I had made the statement, in a post a while back, that a company who would be aware of the technology would be wise to lock up a certain supply of transceivers with an advanced purchase agreement. The value would be not competing with orders from other large data centers (the cloud hyperscalers face significant competition in areas where many data companies are present). A company running data centers may have a leg up on coming technology because of the nature of their overall technology business ie a Microsoft, Google or AWS for example. If one or more of them thought the technology if successful would be a game changer, they would go to their favored foundry to explore a joint development with LWLG. This may have got the ball rolling a bit faster for LWLG in the development phase.
The possible savvy tech company could well have signed one of the NDAs in order to get updates on progress. Their preferred foundry gets the PDK for perkinamine in order and starts producing samples for testing. Somewhere around that time an advanced purchase agreement could be made with contingencies on further testing, perhaps even sampling, time frame of availablity and also contingencies on financing. This is not a firm contract yet due to contingencies but the savvy company that does this guarantees being at the head of the line for the transceivers.
Advanced purchse agreements are made when a commodity or product is thought to be in limited supply initally. This commonly happens in the mining industry particularly regarding less available metals, the steel industry when users of steel want to lock in prices for future years, the airline industry did that when oil prices were looking to go up, think Covid-19 vaccines. I have stock in a company that is building out dairy digesters to convert waste from cows to biofuels. They have contracts with airlines for jet fuel that won't be executed for several years as they are still in the building out phase.
I certainly don't know that advanced purchase agreements are in place between LWLG and a couple of large data companies but it makes sense to me as many companies have commitments to lower power usage. Dr. Lebby has suggested the rollout of transceivers will be limited in 2024 and scale higher in 2025. Locking in supply does away with uncertainty for the data company.
Equinix is a 75 billion dollar company. Digital Realty Trust is a 35 billion dollarr company. They own the data centers and rent out space to customers or rent out the entire data center for use to one customer based on needs. They have to upgrade centers to keep competitive. They make their own decisions on upgrades but always listen to customers needs and if they don't provide what is needed customers will go elsewhere. Lumen owns many smaller data centers to cover much of the United States and offers state of the art fast data transmission mostly to businesses with their Quantum Fiber brand. They must keep ahead of other centers to maintain their competitive edge to sell to businesses. Nobody tells all of them what equipment to put in their system. You can bet sooner or later all three will be using transceivers that are 3X faster but Lightwave will need to ramp up to meet their needs. Some of the first transceivers will likely go to the data centers that came to LWLG and a possible foundry partner early.
Digital Reality Trust has at least 310 data centers. Lumen has over 240 data centers. Lumen has started their upgrade to 400G. There are about 8,000 data centers worldwide. We are used to hearing about data centers from AWS, Microsoft, Google and Oracle but most are run by companies people may not be familiar with. There will be a lot business to be had over the next few years with upgrades to transceivers that will be absolutely necessary.
Thanks. I see the pre tag and will use it if I post another set of numbers in the future.
After reading the article it is clear data centers are having some trouble meeting AI demand. Truth in advertising for data centers should matter. If they are saying they can support artificial intelligence users they should say we can support SAI (Slow AI) until they can get LWLG transceivers in place.