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When the stock was running to 20 Dr Lebby got all the credit and accolades and with the drop to 4.31 no fault of his and it's all the shorts and manipulation.
What's the wedge chart telling us today ???
Now that's the definition of near term. I would be shocked if he reaches into his pocket. Hasn't since he has been here why start now. I think we have a better chance of a deal announcement by the 16th then him forking out any money.
No transparency with this company. All we do is read and listen and try to decipher and connect the dots. Like lawyer fees went up must be working on a deal. They wouldn't have given themselves a 2.5 million bonus if a deal wasn't done and revenue wasn't coming soon. They got the shelf so must be ready for a commercial deal and need the funding. Heard so much about the PDKs being 100% fully functional and operational in foundries with no issues. Until there was one. Now just like last May before the ASM people backing off on 100% deal being done by ASM, complex deals to work out, have to get the first deal right so take your time and don't sell yourself short etc. It's like the movie Groundhog Day but ours is Groundhog Year. Well at least the longs can add a few 1000 more shares at 4.28 when we already have 6-7 figures plus way under a buck. With that philosophy let hope it drops back under a 1.00 and the short count continues to increase.
Another day in the life of Dr. Lebby increasing shareholder value with another great update with no update on a deal of any kind. If you think things are bad now from just a boring shareholder update letter wait till after the ASM run around of goals to come that never are achieved. Sad that we have to hitch are wagon to shorts to cover for hope of a higher PPS. When Dr. Lebby speaks investors run for the exits. Two weeks of gains gone in a day. I'm starting to understand what the extra- legal fees and bonuses were for.
Nasdaq down .41%
LWLG down 13.69%
Looks like the market loved that update. I know just shorts and manipulation again nothing to do with missing his deal goal 2 years in a row and counting.
We are in the process of finalizing a tech transfer and license agreement that should be completed this month. Wouldn't that be a better read. Try to put a more accurate time frame then near term and months a head.
Killer the tech transfer is in there also. I just checked.
Before he said a deal in the near-term. Now he said near term goal is to sign a deal. Like so many have told us a goal isn't a deadline or promise just want they hope to achieve. A lot of word play without committing to anything.
Would that be considered revenue ???
Ted he was talking about a battery companies presentation. That has nothing to do with LWLG.
I just want him to tell us what why a deal has not been signed yet and a more accurate time frame then near term or 2H23. We have been told that the science is complete and he is working 100% on commercial deals but since his goal was to sign a deal before last years ASM I figured they were already working on numbers over a year ago. I doubt if they just started thinking about in the past few months.
So to beat the falling wedge we need to end the day 4.77 or higher.
So that battery company informed you that these companies started testing their batteries and will take 1.5 years. It would be nice to receive more accurate information like that. We have no idea how long Teir 1s/end users have to test or foundries. When they do receive a modulator from a foundry how long does that test take to complete or do they just ship it out untested. We didn't know last year that we had a foundry issue until the ASM. One year we didn't know the perk was dirty till the ASM. Just wondering what we learn at this years ASM.
That was my point. He hasn't been conservative lately so I definitely thought when he mentioned a deal by ASM 2022 it would have been done or at least shortly after that date.
Not exactly sure how much time is required. Dr Lebby only gives times frames like near term, months ahead, 1H22/2H22---1H23/2H23 or yearly goals. They have never stated over 20 years exactly how much time is required for testing. We hear about 5,000- 7,000 hour test results but never what a customer requires. The vague timelines is part of the problem with shareholders.
LR can't speak for all the longs but some probably agree with me who have been invested when Fred Goetz was still developing Perk in his parents garage. I actually had one of the first green perks in my hand in a little vial. Most can't say that. TDON/ LWLG has caused most of the longs frustration by each CEO talking deals in the near future and not delivering for whatever reason. I know things have look brighter with Dr. Lebby and he has been very conservative with goals and timelines over the years. So when his missed the deal last year and still hasn't locked it down patience start to get very thin. When I first invested they said would take about 10 years so my patience have dwindled since that time.
I know the contract will be complex but this is not the first license agreement and tech transfer of a new tech to hit the market. I'm sure both sides already know what the terms of a deal like this would be especially the foundries which have signed many.
So basically it changes from day to day depending on those factors but we need a catalyst to cause buying and increase share price to force them to cover so they don't lose their shirts. Right now with no real catalyst a few are covering and sneaking out. They have to figure out by now that the PPS won't drop much lower then 4. which seems to be the bottom. I never shorted before so not familiar with the process. I just know shorts want it to drop and we want it to go up to make $$.
Friday you said 42 days to cover that's INSANE !!!!! now it's 54.20 days to cover that's INSANE !!!! Does the cover date keep getting pushed back ????
Apple started in 1971 sold their first computer in 1976. Went public in 1980 at 22 dollars a share.
Oh ok. Last month was posted Lebby once again REAFFIRMED the 12 month goals so it gets a little confusing on what and when it was said. Now may or may not make his yearly goals. The board has really tone down as we get closer to May 25th. It comes to reason that if the deals are delayed then the ramp up and revenue would be delayed. We pretty much said the same thing when he missed the deals last year. It will get done soon now it's a year later.
Everybody has been saying low volume is great because shorts can't cover and it doesn't matter that no one is buying. This has become the Lightwave Short Inc. board. Shorts get more airtime but with lack of news what else is there. Can't wait to get the new short total today. The number is already INSANE.
Don't worry Pit 60,000 more shares were added to the short total yesterday. They have like 39 days left to cover.
He won't legally be allowed to announce a deal at the ASM it would have to be a formal press release. They only thing we will here from him at the ASM is why he missed signing a deal again this year. Looks like the shorts are panicking again today.
Poly I was going by what was posted on the board many times. Actual Lebby statement on June 7th. in response to Kerrisdale report:
Lightwave Logic stands by all past statements contained in its press releases, investor presentations and filings with the U.S. Securities Commission as it continues on its path to revenue.
I was there for the racehorse or pig comparison. I forgot about that one. "This year we will find out if we have a racehorse or a pig." that was at least 15 years ago.
Vein I'm sure another conference announcement will POP up soon. That really get's the market going and EXCITED about LWLG's future.
The only time I know of him saying it was in response to the Kerrisdale report. The countdown was posted many times on the board in Feb- Mar- and April but not so much or at all lately.
Only 12 more trading days until ASM and shorts to cover before Lebby announces one license deal and one Tech transfer. He has confirmed to be on track to complete all goals by ASM. News is coming Vein hang in there.
I also remember the quote "The fuse has been lit" and "Strap on your seatbelts." Didn't know they made fuses that long. They must have lit it in the UK maybe our people over there can confirm.
They will be 100% ready for commercialization when they sign a commercial deal. My 20 years I have heard about commercial deals with Teir 1s, revenue next quarter , small, medium,large orders and Lebby saying its deal time. When they sign it will be reality and not just board talk.
They were ready to move forward last year but then the kitchen ALD glitch. Just wondering what glitch we will hear about at this ASM and who they will hire to correct that. They seem to always be ready for commercialization until they are not.
Don't worry Vein. Dr. Lebby has confirmed to be on track to meet all goals by the ASM which includes 2 deals. Some have been backing off on 2 deals by the ASM but I still have faith in Dr Lebby.
So basically your saying we need a revenue deal to increase buying and limited selling to force the shorts to cover all at the same time. The days to cover means nothing without a deal.
Zdog I get it. 20 years ago when I first invested I was always excited to read the press releases on great test results and modulators etc. but 20 years later still getting great test results and great modulators. Until they can generate revenue from these results its just a good read. I was referring more to the market reactions to the great press releases. After the press releases the volume and PPS doesn't change that much at all.
Ok lets see how it plays out to see who will be right. We will see what the PPS is in 42 days if no deal.
But you do agree that we are stuck in this range until a deal is signed. People been posting about short days to cover which have come and gone with no significant PPS change. I know they have to cover at some point but besides a signed deal what else will cause a short squeeze that everyone has been talking about. It hasn't been conferences or world record modulators so far.
Said it before and will say it again. Investors have grown tired of positive test results and world/ ground breaking modulators. Nas up over 200 and we announce a ground breaking modulator and we are up .04. All Investors want to know is if you can mass produce/sell and generate revenue. Only a deal will prove that to the market and of course that the goals they keep missing
2022 Goals from slide at ASM
Qualified sampling
Polymer Plus prototypes------------Beta/ qualification plan
Polymer Slot prototypes-------------Beta/ qualification plan
Commercial Partners
Establish Deal with partners----------Announcement of partners
Establish Deal with foundry------------Announcement of foundry
Deeper commercialization
Qualification of product-------------------Publish data/specification
Licensing of polymers---------------------- 1 license
Technology transfer------------------------- 1 tech transfer to manufacturing
I not great at math but I don't see how that is even close to 80%--90% of goals met.