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I think part of the reason Jim has lasted so long is he's the only one left at the company who knows what happened prior to 2015. Everyone else is gone or replaced. Even simple things like being the one having a relationship with company accountants are important to some degree.
The time to make changes was a year ago. Now, we're far enough that Lebby should be carrying us across the threshold on the merits of his work.
This is all my own opinion. You are right, if Lightwave hired someone it would make Jim seem dispensable. I hope to God they have enough common sense to use some consultants if they begin entertaining any offers.
Jim would become a glorified secretary if he didn't handle LPC. He has made it clear every single SHM how fond he is of the agreement. It takes minimal effort on his part to use and they understand how it works, for better or worse. I guess that is the appeal. His options packages are indifferent to share price. Lebby took over as CEO with little interest or focus on the share price. He did not want to be bogged down with the financing work a public company performs while creating and spreading awareness about polymers in the tech industry. It was a worthy trade-off to get him to step up and take the CEO role.
Many investors thought this sounded fine. Better financing would equate to slower developments from time lost and the stock was trading better than it had in a long time anyway. It was an unnecessary stepping stone to seek a better financing partner. The potential benefits were under appreciated. Maybe it wouldn't be so bad if Jim raised money with LPC when the stock was trading well, or just used a shelf and cut LPC out. It magically gets sold down then LPC gives money for discounted stock. Jim won't bite the hand that feeds.
Don't expect the BOD to care much, they don't have enough stock exposure for it to matter to them. Tom isn't a money guy. Leonberger is a lab guy. Miller is rich and not very involved. Bucchi seems like he would care and he bought shares personally but again not a money guy and probably not essential enough to rock the boat at a BOD meeting. The only one who strikes me as someone who would say WTF to Jim is Siraj but again I can't see why he would be a martyr.
Now would be the perfect time for the Barda contract to come through, but I suspect that the govt shutdown might be slowing that down.
I think we have LPC selling today. The drop is close to their discounted %. Though, unfortunately, if a larger company is testing and interested in working out a deal they're potentially a source that would run the stock down. Offers get more attractive when you're hurting. No stock gumshoe is working inside Lightwave to figure out price manipulation. We could really use a money guy inside the company to advocate for investors.
Back then X wasn't relaying any sentiment that wasn't shared by others who were close to the company. The stock got to $3 because of Jim claiming impending revenue in that infamous 2012 shareholder letter, interest from the LSS, Leonberger and Joe Miller getting involved. Every indicator was positive.
Someone may be helping us get the share price where it needs to be for moving to a NASDAQ listing. Possibly payback for entrance into this large cheap placement. Good for us either way.
I would be complaining about my short term cap gains.
Lightwave rarely keeps everyone happy at the same time. And they'll probably upset again by renewing their LPC contract. I hope they don't, but the timing of the expiration is less than ideal.
Hey mister, sorry to message you here, I noticed you are listed as blocked from the LWLG page? Why did that happen? You never posted anything that should have caused that.
I don't believe there is anything external at play. It's just deductive reasoning. Companies are testing out devices in January/February, that creates the potential for something material to occur.
It wasn't for me and I knew that no matter how far away from the concert I got, I'd still hear it in the distance. The fans are hard to take. Over the years Dave Matthews and Phish fans seem the most offended when you say you don't like the music. I ruined a date once mentioning I didn't like Dave Matthews, the girl could not comprehend it.
February and on is when I think the potential becomes real.
Beware those Dave Matthews fans. Friends took me to a Dave Matthews concert when I was 23. I left after a few songs, feathers were ruffled.
Ah, that I'm familiar with. Thanks Gates. I thought maybe X was covering some history.
X, how long ago did that purchase happen?
Some of the statements made in the update are strong. Keep in mind that Lebby is very conscious of his reputation. He would not embellish and write something his peers could criticize him for saying. Previous CEOs were not in the same position he is in terms of accountability and consequences.
I think if anything was going even a bit not as planned internally, they would have delayed sending that update out until the end of the 3 months we were promised.
Can you imagine if they started working with Huawei? Underwear would get bunched.
The shareholder base is old and tired. Jim thinks LPC funds the company. Wrong. It's shareholders buying the LPC stock pouring into the market that keep things going. We are the ones reading these updates and we are exhausted. Lightwave needs a yes to get more eyes on them or they need to make new investors aware of what they're doing. Hopefully we get both.
I think most investors would have preferred just an image of a Post-It note that said "customers testing devices yet? Yes / No " with either yes or no circled.
Likely you would receive shares in the new company as partial or full payment for your holdings. One benefit is that it prevents a taxable event when stock is swapped.
I was happy to see the NASDAQ uplisting reappear. Something else on my mind, the orders placed vs trained and certified centers. I wonder if some locations already have stock or ReCell from their trial and compassionate use participation and may appear to lag on their placed orders.
A strong day with healthy volume. Still far true value.
Lebby continuing to advance the science.
Separate topic. Does anyone know when the website was updated? https://lightwavelogic.com/profiles/investor/Management.asp?BzID=2252
They may save it for the January update that will come.
That line was great in a fantasy movie. In the real world I don't think it works that way. Same goes for getting investors and investments. .65 is the result of what happens when doing something with no extra effort. Maybe we should lose a couple more of these board members of debatable benefit and fire anyone who thinks LPC is still a good deal. New year, New Lightwave
I would be hesitant to read into their level of interest based off other dealings. Though I expect some interest from IDTI because of their GIG acquisition and desire for growth through M&A.
One notable memory I have from a one on one conversation with Lebby is he thought companies not currently in this space would be likely acquirer/partners. That makes for a long list of potentials.
I believe the current share price is totally uncoupled from what is going on in the lab. Lebby has delivered on his timelines thus far and can do something valuable that no one could previously. He can tastefully paint a picture of where the market is going and effectively explain how polymers offer advantages and opportunities. He understands what specifically different companies are interested in and should be seeking. He sees the total picture. Part of an acquisition appeal will be to get Lebby himself.
Lightwave should be heading into the most exciting time we've experienced as investors. Real companies testing devices built with our dollars. Hopefully, they find a way to let that excitement be felt by their investors and the market.
It certainly is a nice gesture to shareholders.
Someone get this guy a sense of humor for Christmas.
Fasten Your Seatbelts
https://youtu.be/5i_s6F8rjlY?t=14
High quality investors?? How does one obtain these?
Ah yes, we've spoken before. I still have your business card I believe.
I had the same suspecion after the SHM because when an investor referenced it during the Q&A, Lebby didn't seem to know what they were getting at.
Good perspective, how long do you expect this "testing" phase will last?
The reason most of us expect to hear about sending samples is Old Lightwave sent several sets of "coated coupons" to their interested Large Systems Supplier for testing in Hillsboro, Oregon.
Seemed like Lightwave officially announced that they have a device to send for sampling.
That's pretty cool.
People were worried about delays, then we get this PR. Next investors will be like "well, that's fine, but are we going to get the tracking numbers of the prototype shipments so we know exactly what day they go out??? Anything past my cats birthday, January 7th, is not accetable"
If you want the investment community to notice you, probably have to make a moderate effort to be noticed.
Like using sandbags during Katrina.
You most likely can look to Lincoln Park Capital for these sales and new 52 week low. But this is their business model. What I find baffling is the continued indifference towards the share price by management and the Board of Directors.
I've been around for 4 CEOs but only sat down with Adam and Tim. Mike doesn't live in California so he's not in the office that frequently. I'd like to meet him though, maybe next time I'm on the West Coast. I guess you don't like me because I'm not trying to cheer this stock higher and have some constructive criticism for MGMT, but if you look back I've been making realistic posts on this board for years. I was holding around 120,000 shares when this was FDA approved. I believe in ReCell and Avita even if I don't love the way they do everything.
A very logical and correct post. Assuming the raise is supported well, maybe even completely filled. Either way, I would assume the price will hover here for a while. I don't agree with loading the Australians up with even more shares if they want to move to the NASDAQ, or continually doing raises that only allow participation from shareholders on the ASX. I'd like to know how huge imbalance is between the OTC and the ASX, it used to be about 60/40 AXS/OTC.
I'm Lbar on HotCopper, I've owned this stock on and off since it was AVMXF. I've been around long enough to know who actually knows something and who just knows how to put a coherent sentence together. Not many of the former around on forums. And nothing posted on message boards will impact this stock in any significant way.
Avita needs to stop giving news to the Australian market first, let the U.S. investors price news first. We do a better job of it.