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I would rather have Michael Lebby tell us this, but I must admit it is more knowledgeable. more balanced and more honest information than a lot of the B.S.
I have seen passing by in the last week or so! Might be a good idea to move any crappy “ honest and balanced “ and negative messages to be answered by chat GPT. Let’s answer bots with bots to make it more intelligent, Going back to enjoy a beautiful sunny day.
Lebby is well aware of what’s going on in the market, the share price, the ownership challenges, board etc. When he claims he is 100% focused on commercialization, than there is no place nor time to deal with these issues at this time. These issues are subordinated and can wait. Looking forward to interesting times ahead. By the way it was a Belgian who invented short selling in the 16th century. So if anything, blame the Belgians for the time being and wait for Lebby c.s. to surprise us.
Nothing more difficult than predicting, especially the future (!Niels Bohr?) Who knows what the company might have up their sleeves. Hope deals first. Understand that legal action may well be in the works and if not - who knows - shorters will target other shorters to pay for their bills.
https://franknez.com/short-sellers-are-now-turning-on-one-another/
Thanks for the initiative. Filled out the questionnaire. Let me say that I am disappointed. I had great expectations going into this SPAC deal and onto Nasdaq, it turns out to be a wash for the time being.
I think we still have a great project and a greatly undervalued asset here, but I would agree that Management has run out of excuses. I understand that shareholder patience is running thin. I am frustrated as well. Agree that in an established corporation people would be held accountable. Niocorp however is a start up company with just a handful of very professional staff trying to pull off a complex and unique US mining and processing facility for strategic minerals. It’s exactly this combination why I invested in Niocorp and not in RIO Tinto or BHP or any other listed conglomerate. It’s the enormous upside potential to be captured.
The delay in reporting for a Nasdaq company is painful, but not the end of the world. If the company would show it could deliver: announcing the REE results, new off take agreement and financing, we will be back on the right track. Looking for some positive surprises in the near term.
That’s the spirit Putz. One day you will call the top always too low!
I really would love to see two press releases soon.
One surprising shareholders positively on the business side with deals and revenue expectations in the next days.
One legal action announcement from the board and directors of Lightwave Logic to restore shareholder interests. The trading statistics and ‘fail to delivery’ numbers clearly point to unethical, probably illegal naked shorting which runs counter to shareholders interests.
Yahoo Finance shows more than 20 mio shorts.
Fintel shows:
Short Interest 20,405,568 shares - source: FINRA
Short Interest Ratio 54.20 Days to Cover
Short Interest % Float 17.99% - source: FINRA (short interest), Capital IQ (float)
Off-Exchange Short Volume 86,322 shares - source: FINRA (inc. Dark Pool volume)
Off-Exchange Short Volume Ratio 51.71% - source: FINRA (inc. Dark Pool volume)
Finpedia Article Lightwave Logic, Inc.
Sorry, yes thanks. If you look at it with today’s knowledge it’s amazing how Lebby worked meticulously towards his ‘ future for Lightwave’!
Interesting that he used to approach the market for new technologies always by creating awareness in the trade associations, the R&D community and through technology roadmapping. If the millions of sales of oxide vcsel’s are an example what to expect from Lightwave’s modulators, we are golden.
It’s all about trust in management. Since we have reached a new inflection point and it seems we reached an equilibrium on deal or no deal on this board, maybe we should take a step back and get to know Michael Lebby a bit more. Early this week I was reminded through an interview video from José Pozo on Michael Lebby in 2019, what an unique person is leading Lightwave. Since we are in waiting mode, maybe some would take the time to watch it. Especially between 4.30 and 10.30 and his involvement with the commercialization of the first oxide VCSEL for computer mice ( selling billions). His time at Intel and his presidency of OIDA.
“The greatest victory is that which requires no battle” Art of War, by Sun Tzu
Thank you, Maybe it is just me seeing quite a difference between this year and last year’s bank and credit situation. Ok, let’s rest it and let it play out, Happy Marcelli was so smart not park LWLG cash at Silicon Valley or First R.!
Apparently nobody sees the mammoth in the room. Margin squeezes are not a luxury item, to be ignored by trivial day to day chit chat. Fortunately LWLG has no debt and ample cash. More concerned with margin players, especially shorts. The credit squeeze on margins is just one of the credit tightening taking hold.
“It’s spooky. Thousands of banks are underwater,” said Professor Amit Seru, a banking expert at Stanford University. “Let’s not pretend that this is just about Silicon Valley Bank and First Republic. A lot of the US banking system is potentially insolvent.”
The full shock of monetary tightening by the Fed has yet to hit. A great edifice of debt faces a refinancing cliff-edge over the next six quarters. Only then will we learn whether the US financial system can safely deflate the excess leverage induced by extreme monetary stimulus during the pandemic.
A Hoover Institution report by Prof Seru and a group of banking experts calculates that more than 2,315 US banks are currently sitting on assets worth less than their liabilities. The market value of their loan portfolios is $2 trillion lower than the stated book value.
In fact by reducing shares as a collateral for margin accounts by a 50% (for above $5 ) haircut and a 100% haircut (for below $ 5 share price ) and by reducing collateral values on almost all available money market investments and bonds including those from government, credit lines are being squeezed. It will affect margin trading and since shorting maximises margin requirements it seems to affect shorting most.
Are longs getting unexpected support here? Sounds like it, if my interpretation is correct. Pls chip in with your opinions.
Think1st. Would you care to explain what this means for shorting?
A 100% haircut looks like they are reigning into the discrepancy between the physical number of shares deposited and the excessive number of shares ( paper, non existing) traded in the market: the shorted/ naked shorted shares.
“ DTC brings efficiency to the securities industry by retaining custody of more than 1.4 million active securities issues valued at US$87.1 trillion, including securities issued in the US and more than 131 countries and territories.
DTC provides securities movements for NSCC's net settlements, and settlement for institutional trades (which typically involve money and securities transfers between custodian banks and broker/dealers), as well as money market instruments.
There were 219 institutional investors ( excl. 13D / G) as per 2 May 2023 according to Fintel and a total of 27.819.367 shares institutional ownership. ( note: 13D is active over 5% and 13 G is passive over 5% , these are not included in the total ownership.)
Maybe I should add there were 104 buyers in the last reporting period and 12 new positions.
New institutions per 1May listing;
Major holders that have opened new positions in LWLG / Lightwave Logic Inc include Two Sigma Investments, Lp, Russell Investments Group, Ltd., Jump Financial, LLC, Walleye Capital LLC, Kestra Advisory Services, LLC, Gateway Wealth Partners, LLC, Pictet Asset Management Sa, Aquatic Capital Management LLC, Us Bancorp \de\, KCXIX - Knights of Columbus U.S. All Cap Index Fund I Shares, Ellevest, Inc., and Global Retirement Partners, LLC .
Killercliff, Lebby told us to follow the technical conferences and his presentations for progress. I agree that we have come to a point where shareholders are entitled to be informed on the progress of the business goals which were set out in May 2022. I am expecting Lebby to inform the shareholders this month on the business progress, deals and revenue potential.
I think the answer to that is pretty simple. I put it blunt: the shareholders are informed through shareholder information but Lebby’s current priority is to communicate with his potential customer target groups on the technical progress. Whereas shareholders are primarily interested in the share price , the customer group needs to be convinced on the technical merits first and foremost. They require different messages- communication. Customers are interested in the product, shareholders in share appreciation. Some here are trying to build a bridge between the two.
Nrdc92, since the combined SilOrix and Lightwave white paper issued at ECOC 2022 in Basel, all Lebby’s presentation slides since than refer to the world record performance of SilOrix silicon photonics and Lightwave’s e/o material.
Hi Truth, yes I know that very well. Goodnight. Thank you for berating me. I will continue with my breakfast.
Hi Truth, hope you realise that your answer just proved my point. EOM.
Ayar not targeting data or telecom transceiver market. They are targeting optical I/O solutions i.e. using light to make the processor and memory chips talk to each other inside the server. It will speed up the AI and High Power Compute industries, which will also result in the need for more transceivers to send that increased data between the servers and server racks.
LWLG's is in the pluggable datacom transceiver market. The more data that is being created and computed inside the server by Ayar's technology means there will be more data that will flow inter and intra datacenter using LWLG's technology in the future.
Intel/Ayers, uses silicon MRR technology which won't cut it, silicon tops out in the 30-40GHz speed zone hence why they are using 25Gb MRR's and stacking tons of then together, this is a very complex solution and extremely hard to control OVER TIME which means RT is likely to have high failure rates . Look at Proto’s message do understand some of the technical issues and the possible solutions using LWLG materials. To your question: yes it is quite likely that LWLG technology will be enabling Ayar/Intel's technology to go faster and solve the heat problems.
A Bankable Feasibility Study on the Elk Creek Project executed by professional and authorised third parties is basically a waste. There are a few messengers here who claim Niocorp could have saved a lot of time and millions of dollars if they just had listened to them, not to professionals, not to strict regulations, not to scientific analysis. Moreover changing market and financial circumstances are just a nuisance, marginally important and basically should be discarded. If fact management shouldn’t have made choices at all, because the choices they made are all wrong and expensive. Bull. I think it’s obvious that these voices are just here to make you sell. No other reason. If they claim they are here to expose ‘ the truth’, than just realise it’s their opinion versus the scientific analysis of professionals.
Niocorp message board is no exception. There are always three options in investing : buy-hold-sell.
Each of these categories has its supporters. In fact sometimes even non-investors appear, because of bad experiences in the past.
The truthful, transparant, critical, honest and balanced messengers are more often than not in the category SELL.
The people without ( the need for) such lofty qualifications are by definition in the category Buy and Hold.
Than you have some in between messengers who are in the process of trying to understand who to believe. The right answer of course is : NONE. You need to make up your own mind by looking at the business proposition at hand. Investment is risk, no guarantees and a certain amount of trust in your own opinion is required. In case of doubts, I for one, select to follow the money. Most money for Niocorp is tied up in the board.
The company implied in its communications that a number of announcements are to be expected in the near term. I think that will be the start of a more positive trend. If the ultimate finances are known ( today a discounted NPV B $ 2.8 ) likely above current indications and we will be financed, there is nothing which will keep the share price down. I really like to have major shareholders in our board.
I think we probably just went through a stop loss of $ 6….almost predictable without news and given the current fear mongering. We are on the Nasdaq and moving into the ‘ professional’ arena. People make money on gauging the mood of retail investors. Market makers posses the information to make informed decisions. In fact these message boards are freely used to advance their cause. Fundamentals have not changed a bit. All shareholders including the major shareholders and our board members suffer the same market fluctuations. In fact market fluctuations or volatility is what makes trading interesting. I am holding since I believe this is a great and undervalued investment.
I understood that this registration document ( prospectus, no solicitation to sell or buy) for 16.1 mio shares and 5.7 mio warrants is the consequence of the business deal with GX, the subsequent registration and right to sell of the major shareholders, a registration of shares to be issued due to Yorkville, share provision for warrant exercises, some shares issued as payment for services. With these shares the total number of issued and outstanding shares
reaches 31 Mio + 16.1mio or 46 mio shares. Current float is lower since York ville has not been tapped yet. Can somebody in plain language tell me if my assumptions are more or less correct?
Current best in class…$ 6799…
https://www.fs.com/products/149672.html
Because you are smarter than the rest of us. Great point.
Google and Microsoft depend on the internet. Just released quarterlies reveal huge increases in usage and data-transmission, need for efficiency. Elephant in the room is bandwidth, speed and power consumption.
This a slide made for today’s investor presentation. The partnership announcement looks to be very close. Needs to be in place before ramp up starting from 2H 2023 onwards. The “Window of opportunity “ is closing for longs and shorts, which coincides with the low volume equilibrium ( no short and long sales, nor buys) we saw yesterday.
“ Companies announce piloting by prospective customers all the time”.
Here is a likely supply line scenario. There are others , but I want you to be more precise on ‘ the prospective customer’. LWLG partners with a foundry to make its modulators, LWLG sells these modulators to a system builder like Cisco to be incorporated in Cisco’s transceiver, which Cisco sells to Verizon or Facebook or LWLG partners with a foundry and it’s modulators are sold to a ‘ white box’ transceiver development at Facebook. Customers in this chain are potentially a Foundry, Cisco, Facebook, Verizon or LWLG . Where is the piloting taking place and who of these customers is willing to share their new product development progress with competitors or the Ted Peels of this world? Give us some examples maybe? When Apple buys something it works, piloting has taken place and nothing enters the production line if not gone through rigorous testing. Moreover any new product is completely under wraps until it hits the market. No communication. You are trying to reinvent the wheel.
I can understand that shorting plays for LWLG given it’s pre revenue status. Why would it be an exception?
What I wonder about is the very high ratio versus the available shares and the days to cover statistics .
If something happens it could get ‘ bank run dynamics’. The smarter people who realize this get out in time , the majority however will get caught and need to queue up in front of the bank in the hope to get some of their money back, Talking about risk. For me this looks excessive risk taking.
I hope this is the beginning of some excitement. Been waiting for this moment. The share price must react positively to the permit. SP has been on a downwards slope for too long a time.
It’s up to you to believe what you want. The two companies in your message reported back with data and scientific evidence of their world class performance using LWLG’s e/o material. You never saw that for NLM. NLM is very good at selling partnerships, but in reality haven’t accomplished anything with these two companies. Strange that you believe everything you read on NLM, but keep spewing your disbelief on LWLG despite available and published information. NLM isn’t competitor (as yet) . I hope they will join this race one day,
NLM is no competitor for LWLG. NLM
is still in development, has a large modulator footprint compared to other platforms, a maximum of 50-70 GHz, high power consumption between 10-20 pico J/ bit based on NRZ, mediocre stability but most importantly … would need a Lithium Niobate Foundry ( plus PDK’s). Their polymer technology is not protected by patents like LWLG.
Ted, one more from me. Lebby stated in his last ( and previous presentations) that LWLG was working with high volume silicon photonics foundries using CMOS and photo lithography. That cuts the target group to a handful only.
But let’s turn it around. I am a foundry and I make one modulator from Arista ( Andy Bertolsheim) of
800 Gbps which is current best in class with 16 lanes and x number of wafers.
Now LWLG offers me up to potentially 120 modulators in the same space, it’s less wafer volume of course, but look at the value proposition: it’s 120 modulators instead of 8 and ( 800 G to 12T or 24T) 15 to 30 times more bandwidth and at least 15 times the production value. That’s 15 times more dollars if priced at the same cost as Arista. For the foundry no new equipment, no capital investment and 15 times more revenue. Huge increase of ROI. Moreover you position your foundry for the future and can enter a new market with better product and better business results. I bet the price for LWLG modulators can even be higher than the current “ best in class” given the much better performance and hugely less lower consumption from 16 pJ per bit to between 1-5 pJ per bit).
If I would be the CEO from a foundry I would be stealing from my shareholders if I would an opportunity like this pass or leave it to my competitors.
Happy to note great posts on the things which matter: significant business progress towards commercialisation. Long, short, wise, stupid, abrasive ,respectful, critical, cynical, rational, emotional whatever your inclination you can now plan your personal action plan how to make money in the months to come. Best of luck. Enjoy the ride. Keep those great respectful messages coming. I had my moment of glory yesterday and go back to hibernate. Thanks Ted for your support, JLP I suggest you take your position back up on the assembly line. Line, thanks for your compliments, lighten up I would say. Have a great weekend.
Line, aren’t you happy I share my interpretation of dinner conversations on an open and public medium? My friend, dinner parties are to enjoy food , but apparently I touched a nerve.
Ruud, I see the guy I answered has disappeared , oh no . He is still there ( PR guy). I will bite. I made it my responsibility to communicate based on my understanding of what I heard. I connect dots and my perspective is a business perspective, because that’s my ‘specialty’. I have been with technology people for a long time to understand also that, and I have created many new businesses myself. No secrets were shared during the dinner. I didn’t expect that and Lebby is too much of a professional. I am a firm believer in open communication because that way you can direct the conversation to things which matter and you minimise the chance of people highjacking a discussion or even outright spinning their own stories. What I put up today was my professional opinion. Nothing more, nothing less. Up to anybody to agree, accept or to disagree.