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Let me throw out some thoughts, since I saw this happen a few days ago between Philips Electronics ( ASML, NXP & TSMC originated from Philips Electronics) EXOR ( Agnelli family largest single shareholder) with the help of Goldman Sachs and collaborative market makers. I suspect somebody could be building a net short position ( combining short & long strategies) in LWLG with the assistance of market makers circumventing the normal ownership reporting requirements. Using this stealth mode collaborative strategy enables acompany to build an ownership position at discount prices. The current short position ( 22 million) and the accumulation mode of institutions (36 million) proves that the business outlook mode for LWLG amongst long term institutional investors remains very positive and the persistent high uncovered short position is too high and beyond what could be considered 'normal' for institutional practices for ownership acquisition.. Life time results as promised during the ASM 2023 are available at ECOC ( the acid test for all stakeholders and the industry ). With X , I expect some real interest for a strategic equity position from the outside.
We long time investors have been climbing this mountain for many years. We are all together carrying on a ton of experiences and data in our bag pack. We have come very far. We are not giving up our climb to the top by turning back, now that the top is in sight and showing up in bright sunshine. In two weeks time at ECOC we will see what Lebby promised.
Today 18 Sept Fintel reports 114 entries on Institutional Ownership list and a total of 36.232.339 shares in LWLG ( counting all entries minus call/ put options or short positions). Last time on 8 September I counted 37.2 million for 115 entries. Remember 30 June was slightly over 32 million.
Intel trying to invent its own way to cross the Purple Brick Wall?
Intel today announced one of the industry's first glass substrates for next-generation advanced packaging, planned for the latter part of this decade. This breakthrough achievement will enable the continued scaling of transistors in a package and advance Moore's Law to deliver data-centric applications.
"After a decade of research, Intel has achieved industry-leading glass substrates for advanced packaging. We look forward to delivering these cutting-edge technologies that will benefit our key players and foundry customers for decades to come."
–Babak Sabi, Intel senior vice president and general manager of Assembly and Test Development
Why It Matters: Compared to today's organic substrates, glass offers distinctive properties such as ultra-low flatness and better thermal and mechanical stability, resulting in much higher interconnect density in a substrate. These benefits will allow chip architects to create high-density, high-performance chip packages for data-intensive workloads such as artificial intelligence (AI). Intel is on track to deliver complete glass substrate solutions to the market in the second half of this decade, allowing the industry to continue advancing Moore's Law beyond 2030.
By the end of the decade, the semiconductor industry will likely reach its limits on being able to scale transistors on a silicon package using organic materials, which use more power and include limitations like shrinkage and warping. Scaling is crucial to the progress and evolution of the semiconductor industry, and glass substrates are a viable and essential next step for the next generation of semiconductors.
How It Works: As the demand for more powerful computing increases and the semiconductor industry moves into the heterogeneous era that uses multiple "chiplets" in a package, improvements in signaling speed, power delivery, design rules and stability of package substrates will be essential. Glass substrates possess superior mechanical, physical and optical properties that allow for more transistors to be connected in a package, providing better scaling and enabling assembly of larger chiplet complexes (called "system-in-package") compared to organic substrates in use today. Chip architects will have the ability to pack more tiles – also called chiplets – in a smaller footprint on one package, while achieving performance and density gains with greater flexibility and lower overall cost and power usage.
About the Use Cases: Glass substrates will initially be introduced into the market where they can be leveraged the most: applications and workloads requiring larger form factor packages (i.e., data centers, AI, graphics) and higher speed capabilities.
Glass substrates can tolerate higher temperatures, offer 50% less pattern distortion, and have ultra-low flatness for improved depth of focus for lithography, and have the dimensional stability needed for extremely tight layer-to-layer interconnect overlay. As a result of these distinctive properties, a 10x increase in interconnect density is possible on glass substrates. Further, improved mechanical properties of glass enable ultra-large form-factor packages with very high assembly yields.
Glass substrates' tolerance to higher temperatures also offers chip architects flexibility on how to set the design rules for power delivery and signal routing because it gives them the ability to seamlessly integrate optical interconnects, as well as embed inductors and capacitors into the glass at higher temperature processing. This allows for better power delivery solutions while achieving high-speed signaling that is needed at much lower power. These many benefits bring the industry closer to being able to scale 1 trillion transistors on a package by 2030.
How We Do It: Intel has been researching and evaluating the reliability of glass substrates as a replacement for organic substrates for more than a decade. The company has a long history of enabling next-generation packaging, having led the industry in the transition from ceramic package to organic package in the 1990s, being the first to enable halogen and lead-free packages, and being the inventor of advanced embedded die packaging technologies, the industry's first active 3D stacking technologies. As a result, Intel has been able to unlock an entire ecosystem around these technologies from equipment, chemical and materials suppliers to substrate manufacturers.
What's Next: Building on the momentum of recent PowerVia and RibbonFET breakthroughs, these industry-leading glass substrates for advanced packaging demonstrate Intel's forward focus and vision for the next era of compute beyond the Intel 18A process node. Intel is on the path to delivering 1 trillion transistors on a package by 2030 and its ongoing innovation in advanced packaging including glass substrates will help achieve this goal.
More Context: Intel Leads the Way with Advanced Packaging | Advanced Packaging with Glass Substrates (Video B-Roll)
If you want equity ( as stated by Mark Smith) now is the time for a cheap entry. Yes, that’s what I suggest. It’s certainly a very likely possibility.
https://www.reuters.com/markets/deals/goldman-sachs-used-derivatives-help-exor-build-28-bln-philips-stake-filings-show-2023-08-17/
https://www.reuters.com/markets/europe/goldman-sachs-discloses-short-position-philips-after-dutch-regulator-review-2023-09-11/
Exor ( Stelantis ) did it before, why not a similar strategy to acquire a ( low priced) strategic stake in Niocorp ( as announced by the two companies)?
Seems to me that holding your shares is good strategy, especially since off market volumes are rising.
In this case it was a complete surprise to management and existing shareholders and regulators. They kind of found out one day when EXOR announced it owned 15% in Philips Electronics. Goldman was the bank who helped to deliver the 15%.
I only know that hey got to 15% in stealth mode without the market being alerted nor any legal need for reporting. They bought shares over a period of time when prices were low. Investment banks and market makers shorted and delivered when overall a 15% ownership was established. Market Makers holding or trading for others are excluded from reporting ownership. Yes, institutions and banks can buy off market. Message here is that you can build a position at low prices n stealth mode with the help of your friends in Wallstreet. Dutch AFM ( SEC) wants to see if regulations need to be further fine tuned to avoid these kind of collaborative ownership changes in future,
Apparently it worked for EXOR up until 15% and covering is part of the equation ( long and short) and this way probably overall cheaper and done in stealth mode for a period of time without putting the market on alert.
Just thinking Lightwave and it’s 22 million short position. Just reading how EXOR ( Dutch holding company) took a 15% ownership share in Philips of the Netherlands without any need to inform the financial authorities. By using the support of Wallstreet Investment banks they shorted and went long at the same time and just showed a net short position for both strategies well under the legal reporting threshold of 5%. In other words nobody was alerted during the process until they announced of having acquired 15% in the company. Could they use a similar strategy to acquire a cheap stake in the market of Lightwave shares ? By the way market makers buying( on behalf of ..) have no reporting requirement.
Just reading how EXOR ( holding company of a.o. Stellantis ) took a 15% ownership share in Philips of the Netherlands without any need to inform the financial authorities. By using the support of Wallstreet Investment banks they shorted and went long at the same time and just showed a net short position for both strategies well under the legal reporting threshold of 5%. In other words nobody was alerted during the process until they announced of having acquired 15% in the company. Could they use a similar strategy to acquire a cheap stake in the market of Niocorp shares or will they opt to buy equity straight from the company? By the way market makers buying( on behalf of ..) have no reporting requirement.
Just to remind everyone that Lightwave is one of the two nominees for the prestigious ECOC industry Award. Let me highlight the importance of an industry award.
Industry awards hold significant importance for various reasons:
1. Recognition and Prestige: Winning an industry award brings recognition and prestige to individuals, companies, or products. It signifies that their work, achievements, or contributions have been acknowledged and appreciated by experts and peers in the industry.
2. Credibility and Trust: An industry award acts as a validation of quality, expertise, and excellence. It enhances the credibility and trustworthiness of the recipient, helping them stand out among competitors and gain the confidence of clients, customers, and stakeholders.
3. Marketing and Publicity: Winning an industry award provides an excellent opportunity for marketing and publicity. It can be used as a powerful marketing tool to promote products, services, or personal brand. The recognition gained can attract media attention, generate positive press coverage, and increase visibility within the industry and beyond.
4. Networking and Collaboration: Industry awards often bring together professionals, experts, and influencers from the same field. Attending award ceremonies or events provides opportunities for networking, building connections, and fostering collaborations. It can lead to new partnerships, business opportunities, and knowledge sharing.
5. Employee Motivation and Retention: Winning an industry award can boost employee morale, motivation, and pride. It acknowledges their hard work, dedication, and expertise, fostering a positive work environment. It can also help in attracting and retaining top talent, as it demonstrates that the organization values and recognizes employee contributions.
6. Benchmarking and Improvement: Participating in industry awards allows organizations to benchmark their performance against competitors and industry standards. It provides valuable feedback and insights from judges or experts, highlighting areas of improvement and innovation.
Overall, this industry award could serve as a valuable recognition and validation tool, contributing to the reputation and success of Lightwave, Lebby and his team within the photonics industries.
Not sure, I think he is from Maroc. He may have other things to worry about!
Wonder if our shorts are generously going to offer again cheap shares to the investors at Wainwright and others? How stupid can you be?
Just adding todays FINTEL 115. Entries for Institutional Ownership LWLG ( corrected for call and put options) : 37.042.253 ( 37 million and forty two and two hundred fifty three ) shares. Institutional ownership is 32%.
https://fintel.io/sob/us/LWLG
Intel’s pluggable transceivers involve 25G per lane. I understood Intel outsources these from ST Microelectronics in France ( since 2019). Intel transferred it own transceiver production, but held on to it silicon Photonics development activity. As of last week staff was sent home. It appears it’s transceivers involve margin stacking from various component suppliers and are too expensive ( low margin). If you have different information, please share.
Understand from Lewrock that only ACTIVE money managers from qualified institutional investors with a documented AUM ( not offering 3rd party or competing services) are permitted at the 25 th Annual Wainwright Conference 11-13 September. NO INDEX FUNDS.
The news that TSMC bets on silicon photonics for extended bandwidth and speed for AI will have alerted its main chipmaking competitors (Samsung, Intel, Global Foundries). It will force all of them to rethink strategy and to speed up execution. TSMC transitions fast from strategy to execution. It’s probably the best in chip manufacturing.
It’s odd that Intel this week sent part of its photonics development staff home. Was Intel not satisfied with its current silicon photonics development progress, do they intend to outsource both development and manufacturing or do they have other options to position themselves in the photonics market? Can’t imagine Intel would give up on photonics for data and telecom. These are multibillion markets and the development synergies and manufacturing wafer scale benefits may give huge competitive benefits. I see this development in the field as hugely beneficial to Lightwave, since Lightwave offers silicon photonics the additive benefit of the customer required extended bandwidth, speed and low power for potentially decades to come.
TSMC bets on Silicon Photonics. Come on Intel!
https://asia.nikkei.com/Business/Tech/Semiconductors/TSMC-bets-on-silicon-photonics-to-enable-more-powerful-ChatGPT
Miss Xenalives. Hope you are ok?
Putz, daily short volume is about 50/60% from total volume. Moreover there is a large part dark pool trading according to Fintel. My interpretation is that institutions are quietly accumulating ( dark pool) and I wouldn’t be surprised if they do this in tandem with shorts to make sure they buy as cheap as possible. Institutional ownership increases, be it slowly, but steadily. With hopefully some news around the corner, but still in wait and see time, this trading pattern makes sense and will continue for some time.
I read that Intel is dismantling its in house silicon photonics development group. It’s cooperation with Ayar Labs for e/o interconnects using photonics is still in tact. Intel outsourced its manufacturing for transceivers to ST Microelectronics in France. How is Intel going to manage its future in silicon photonics, more specifically transceivers for data and telecom? Will they replace their current silicon photonics development group with another development or will they give up on developing transceivers and leave it to others or be interested in LWLG?
Correct, which is first and foremost to get this project financed, off the ground and running. Until such time there is only paper value.
Niocorp has permitting secured, one of the biggest hurdles to take in US mining projects. US mining projects could average 17 years from start to completion
https://www.mining.com/us-inflation-reduction-act-impact-report-lays-bare-critical-mineral-supply-fault-lines/
(Pent up) demand for Lightwave shares outstrips supply by approximately 21+26= 47 Mio shares. 21 Mio Shorts and 26 Mio for the institutions to get to their “ general owners objective” of 50% of the outstanding shares ( 116 Mio) or 58 Mio ( today 32 Mio)!
Don’t get fooled by the current manipulation. The big boys are using their toolbox to get into this absolute winner. They know well what Lightwave is about to deliver in market value.
The majority of the shorts are the market-makers who shorted and sold LWLG shares to accomodate the institutions. Market makers are obliged to create liquidity and sold/ shorted shares from $ 6 up to $ 20.
Only when they cover/buy by trading up and down will they be able to close open positions, hoping traders will take profits and supply the needed short shares.
It’s my opinion that Market Makers make up the majority of 21 Million shorted shares. If these were retail shorts you would see much more variation in the numbers than the current tight computer ( algorithm) trading range. The
Market Makers on paper have transferred shares to index funds, are managing shares for index funds (who don’t hold shares themselves but pay a fee) , have transferred shares to managed funds and other the institutions, in the hope to find these shares one day.
To date the institutions own 32 million shares out of a float of 116 million. The market makers are 21 Mio shares short and with increasing demand from institutions this number doesn’t decrease, but stays the same for months now.
No shares are available. Institutions loan part of their 32 million shares back since they own these shares on paper, but 21 million of the shares they own are short at the market makers. Some call this : naked shorts, although there is probably an understanding between market-makers and institutions to make it look regular.
Trading up and down as we see is the result. Never forget though that for existing shareholders the current market makers predicament is proof of much more demand than supply. Normally if demand is bigger than supply prices are bound to go up. I would say stay put.
Put wrong message on this board. Let me use the opportunity to wish you all a nice weekend and an exciting September.
This is about chip to chip E/O communication ( within data center) not transceivers for in and out data center. My laymen’s explanation. However put together with LWLG transceivers it speeds up the complete data processing process from the data center to the edge by using the speed of light in stead of semiconductors only.
Using Michael Milken as a ‘ lesson learned ‘ is the wrong motivation. He was an early exponent of what has become a overly dominant financial system, the ‘financialisation’ of society towards extreme levels of financial leverage at the cost the majority of the US population. US productivity for over 20 years has gone to Wallstreet and it’s cronies, heavily indebting corporate America and its population in the process. Investing in manufacturing or mining takes too long. It’s exactly the problem that many simpletons are now looking for immediate gratification even if it needs stealing from your countrymen .
No Putz, although I understand this motivation, it’s not the kind of folks and opinions I need to hear when investing in a mining project. These people should not even invest in a mining project.
NLM also stand for Non Linear Material company.
I have all our board losers and self destructing shareholders on ignore. It’s a relief, it keeps focus on the future and that’s what investing in a start up is all about. Disingenuous, dishonest and outright whiners have no place in constructing a mining project like Elk Creek. It takes 12-15 years. Looking forward to some exciting few weeks.
Nice to see the presentation of Optica ( claiming to be worldwide industry association for optics) on free space communication ( terrestrial and space communication using light in unregulated domains in stead of radio frequency) with leading photonics scientists and companies. Need for coherent transceivers ( high bandwidth transceivers capable of switching light) is a must. Free space is area of interest for defence systems , but also for consumers to expand internet coverage ( 4.4 Billion people not covered ) and increasing data demand for bandwidth and latency. Good to see Michael Lebby on Optica’s director board. Hot new business opportunity?
If I look at the American high tech companies I see many Indian, Chinese and other Asian scientists and company leadership. With the transfer of manufacturing, the US lost a well educated manufacturing workforce. Immigrants from the south do the work Americans don’t want to do anymore. Back to school I think.
Th, I don’t think so. Some ‘ late ‘ Europeans may have entered around these levels, but there are many who bought between C$ 0.10 and C$ 0,25 ( pre-RS) I know a few who’s holdings are all profit, because they recouped their original investment. Anyway not important. Once finance is arranged ,you have to accept that as a given, there is absolutely staggering upside with a low outstanding number of shares ( even if it doubled)!
They may have decided there is some more time to play and a bit of covering can still help a few of the team members. That may be true but the clock is ticking and the longer they play and postpone their decision to cover the costlier this could become. We are almost moving into an important 4 week time frame before ECOC where the industry wants to show its latest products. For us longs it’s important to be able to understand both the impact of a deal and the impact of the squeeze. Therefore it’s important that X keeps us giving us an approximation of the price impact as he is doing.
Welcome Shilo, your first message. I hope you will find your presence here worthwhile.
Whatever happens I think governments worldwide and companies have understood that next to more geological supply chain control, having more than one supply source from hereon is going to be a must.
Marco, the business of this site is advertising revenue, which in turn depends on what Ihub can offer advertisers in terms of reach and the frequency of contacts ( measured by us clicking messages and by our use of this board). The guy who keeps everybody very busy is a fantastic and effective tool to achieve reach and frequency. Controversy helps in this case to make it happen.