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I spent about an hour reading this, this is my take, guys I’m not an attorney so take it for what it is worth. I think that we can tap it numerous times per week I think Z and JM are setting this up to move forward fast as soon as they are ready. Just my opinion,
I just looked and It looks like the “Floor Price” is still $1.00 but they cut em back to 100k shares a crack (but not more than $500k when it hits $5) unless the price is at $1.50 then applying fuzzy math (30% of the trading volume) we can get more the next day (up to 2 times the number of shares purchased) .
They also stretched the look back “close” price to 12 days. ( I’m going by memory so I could be wrong.)
At 2 Bucks we can go to 150k shares ($300k) in a day, 200k shares at $2.50 or $500k max.
This has peaked my interest “The Company may deliver multiple Purchase Notices to the Investor; provided, however, that so long as the Investor shall have received all of the Purchase Shares as DWAC Shares within one (1) Business Day after a Purchase Notice, at least one (1) Business Day shall have elapsed between the dates of delivery of any consecutive Purchase Notices to the Investor by the Company. Otherwise, one (1) Business Day shall have elapsed between (i) the date on which the Investor has received all of the Purchase Shares as DWAC Shares in connection with the most recent prior Regular Purchase and Accelerated Purchase (as applicable) and (ii) the date of delivery of a Purchase Notice. Notwithstanding the foregoing, the Company shall not deliver any Regular Purchase Notices during the PEA Period.”
“PEA Period” means the period commencing at 9:30 a.m., Eastern time, on the twentieth (20th) Business Day immediately prior to, and ending at 9:30 a.m., Eastern time, on the Business Day immediately following, the effective date of any post-effective amendment to the Registration Statement or New Registration Statement (as such terms are defined in the Registration Rights Agreement).
Help me with that one,,,, does that say that it is just one day per period when we cannot tap them, so we can tap them about every 3 days or so? Regular Order, Accelerated Order, Electronic share (DWAC) delivery, yadda yadda.
The old agreement read “The Company may deliver multiple Regular Purchase Notices to the Investor so long as at least five (5) Business Days have passed since the most recent Regular Purchase was completed.”
Again the new agreement “The Company may deliver multiple Purchase Notices to the Investor; provided, however, that so long as the Investor shall have received all of the Purchase Shares as DWAC Shares within one (1) Business Day after a Purchase Notice, at least one (1) Business Day shall have elapsed between the dates of delivery of any consecutive Purchase Notices to the Investor by the Company.”
At $1.50 we can hit them an average of about 3 times per week.
Based on that once we are done doing whatever we are doing below a buck, once those folks all get out then I think that we’ll kind of move in the Dollar to a Dollar fifty, sixty or seventy range.
All in all I prefer to have an open line of cash over nothing at all, once they get a partner they can go back over it, it cost us 200k shares for the commitment and honestly I think it was worth it. Now the share price just needs to work its way back up so we all stop moaning.
They will get it, the science is far deeper that most can comprehend; this is interesting to watch, cheerlead, criticize and try to predict.
I think this is what JM is doing, probably what he was working on and down the road the calls that he will be making almost on a daily basis.
Best of Luck, I’m still here and not thinking about selling a single share at this price.
Please feel free to correct me if you read this different.
X
I just listened to the presentation, honestly I think that Tom did a great Job, Perk NR >300 with .58volts, that is great, Indigo 95 at 1.75V, I don’t have time to elaborate but I thought it went great. Was it the end all be all, nope not yet, but to date the best presentation that I’ve watched.
X
I think that you are right Reds I kind of gathered that from the "other avenues" or something like that comment included in one the releases a few weeks ago, perhaps it was the Q or K. They'll get it to work, I just wonder how many are actually working on it and how many are hanging off the side of the boat watching the doers do while eating lunch on our dime.
I wasn’t able to watch the presentation live so I guess that I’ll take my clue from you guys (I don’t normally do that because one bad apple can spoil the bunch) but obviously that isn’t happening. Hopefully Steve will get around to putting it on the web site by the end of the week, I’m sure it isn’t his fault, oh and so history doesn't repeat itself hopefully Tom instructed him that this time when someone calls from the conference on the LIGHTWAVE LINE he is only supposed to talk about Lightwave and not his other ish. Do not get their number and call them back AFTER HOURS on YOUR LINE.
I’m super busy so those that called me yesterday to talk sorry, these days it seems the only time I have to myself is a few minutes in the morning and a few minutes at night.
Have a Good Days guys, when I can review it for what it s worth I’ll put up my 2 cents worth.
X,
(as the Ol Man on Pawn stars says "I'll be a buyer at X price)
CTO Sold All of his 32,273 Shares last Week
Now he owns ZERO, Just doesn't sound promising.
Check the Form 4's
Good Luck with that one folks, what does he know?
You know Invers, now that you mention it a few years ago Steve was caught with his hand in the cookie jar, by that I mean that he was trying to direct “Qualified” Lightwave investors to one of his other investments, it was brought to Tom’s attention and the proof was indisputable, AND It was on Lightwave’s dime to boot, 100% wrong, basically it was our money bringing them in calling on Lightwaves line AND paying his expenses and Z didn’t get rid of him. I’m not sure what Steve does either but just like JM HE must be doing SOMETHING, I thought with Z coming from an Admirals position (which is only about 60% to 75% of JM’s salary) he would not have a problem getting up to speed and holding someone accountable but I’m starting to think otherwise. I’m thinking dysfunctional more and more, I swear if they screw up the Goetz’s ish it will be such a shame.
Leonberger wouldn’t be here if they didn’t have something and I’m holding strong but more and more I guess that it might be possible to kill the golden goose.
Sorry to be a downer lately but I just do not get the feeling that this is not running like a well-oiled machine. Bintz and Leonberger both have been through the process numerous times before; I would hope that Tom would get their take on things.
X
I only have a minute but if you guys remember, it was about this time a few years ago that we began to forced a change, we tried it the year before that but smitty awarded the contract early on us. That being said there is always a point where you have to say enough is enough. So whatever I'm 80% Pro and 20% Con, now I'm in the con mood. We all helped keep this above a buck, correct? Well we may have shot ourselves in the foot, they've got enough to give out raises without putting out any news of substance and I certainly think that position is overpaid for the responsibilities that we as shareholders see. It just looks bad and makes me wonder if it was the right thing to do, that's all.
Gotta Run
Hey, inside info, Psssst, we are going to be landing a contract in the next 7 to 14 years. Nope No Excuse.
I wouldn’t say it is a heads up as if I know something, I’m just stating the obvious. Amen Bro (six) on the buy in by management, no excuse, simply NO EXCUSE. Oh and NRC I agree that they have done very, very little to raise the awareness of this company with outside investors. Hopefully that is about to change on both fronts, the modulator and the Dog and Pony shows.
Whatever, we are just frustrated; Merger, LSS, Modulator, Alabama, Arizona, Lehigh, Hopkins, Delaware, Colorado, Lockheed, and now we are back to Ron Genova’s play book. I’m not sure that “stomach” is the right word but I think that being public makes it very difficult for these guys because an investor can sell it on any given day on a whim and the company has some very difficult rules of disclosure to follow for a “Development” company.
I’d say that we’ll get news this week but I don’t want to raise the shareholders expectations too much.
X
Dysfunctional, Bad Contract or Flaw, which is it?
Someday someone will figure this out but do you realize that Turpin predicted a Billion fold increase in computing speeds based on a Pico second response time and Indigo has a Femto second response time? I’m not sure though if Indigo has Chi-3 properties but a Pico Second is 1,000 Femptos, Holy Moly! Whatever guys, apparently they are having trouble creating a basic modulator less than a 10 Gig though, just saying though that someday someone will figure it out and what will the world be like with computers that are that fast? Kinda Scary.
This was February 2012, 15 months ago, Jim was still the CEO.
“According to Mr. Turpin, a recognized expert in optical computing for over 40-years including important work at Essex Corporation and the National Security Agency (NSA), "The progress of Optical Computing has been limited by legacy Liquid Crystal Display (LCD) technology which while effective, can only refresh at 10 to 30 millisecond intervals. Because of the extremely fast response time of Lightwave Logic's organic nonlinear optical materials are in the range of a picoseconds (one-billionth of a second versus LCD at 10 to 30-thousands of a second), improvement in performance could be a billion-fold."
It is becoming obvious though that something is not right here, perhaps they are just dysfunctional, but whatever. IF we truly had a material that was that fast and stable with the talent that is at Lightwave there must be a flaw that is obvious to corporate American and the Military or they would be trying to exploit this technology, or we have painted ourselves in a corner by signing a bad contract along the way (which I wouldn’t doubt) limiting what we can say and DO?. After all that kind of technology could absolutely create the next financial boom and Corporate America and the Government have and are throwing Billions and Billions of dollars at future technology and Lightwave cannot even land $100k without printing 100k shares, I mean, Really?
Some on here want Lightwave to try and become a successful widget producer but IMO there is no way that is goiong to happen. Yes I want them to make a Widget, show the widget to the world and have someone buy us out. I’m getting tired of watching and waiting and If I look I bet that it has been 8 or 9 years now, I’d have to go back and look at the pre public days, remember the Low Hanging fruit? Well now it is EM Photonics, Prather and Leonberger are attempting to do it.
I’m not exactly bummed out honestly I just cannot figure out what he is working on, what he knows, or what he has on someone for that kind of scratch, somebody just told me they looked and he actually got a 7 ½% raise and his contract renewed 2 Months early so OBVIOUSLY HE DID SOMETHING GREAT. SO Why would they do that? Not to sound positive or anything but perhaps they have something in the works and wanted his contract and options on the books in the event of a buyout, that money would come from the parent company. If he didn’t survive the merger/takeover he’ll get bought out and his options will get cashed out. IF NOT THEN He absolutely must do something there to pull down $215k but what that is I haven’t a clue.
I know, it was for the “Business Plan” yeh that’s it, remember the Business Plan he worked on for over 2 years? Oh that’s right we never got one.
K I’m Done
Oops I just looked and I think that he is 65
Oh and “Key Person Insurance” He didn’t even put that on Fred before Fred went down.
Can anyone come up with an explanation?
OK so now logically speaking they have what 8 Employees and about 3 or 4 projects going on. Bintz is handling the LSS, Leonberger is working with EM and Tom with Colorado, Turpin is doing his thing. OK Tom is the CEO, the lab and testing facilities have folks that have worked their entire lives in them and most have Dr. preceding their names. So What is JM working on, exactly what is the skill set? I’m pretty sure that it is his job to push the button for the funds on the LPC ATM but there is something that I’m totally missing here. I didn’t mind them hanging on to JM to have Tom move in early on his contract but now it appears that we almost OWE it to him, Honestly I DO NOT GET SOMETHING HERE? Is the Frickin Tail Now Wagging the DOG?
Did anyone look at his contract, perhaps since he doesn't have nearly as many duties as he used to his pay has been reduced so that he can make to 65 with benifits?
Health care, Stocks Options, Expenses, not sure if he still has car allowance, if it were Fred Sr. or Jr. we'd owe it to them but uh, someone help me here.
X
I guess that it is what is guys, IMO nothing illegal or civil, bad judgment, maybe, but we got rid of him a couple years ago and are left with a hangover that we just can not shake off. I hope that this is moving forward but honestly there isn’t much we can do except sell OR wait it out. It would be nice however to see the F’in Executives buy a few shares with our money though. Shoot why can’t they open up a Fidelity IRA and buy $6k a year take the deduction the cost would be minimal. It appears that while they are not allowed to buy any with their own money they are OK with giving it to each other at a buck, the longer they hold out the better the deal for them. Oh I know it is because of the insider knowledge that a contract is coming in 3 years, Lol. You cannot tell me that these guys do not operate their budgets at home with what like $300 a month (after tax) wiggle room.
I’m still holding though, I understand the frustration and cannot make excuses for them other than to say that we have come a long way since the shareholders meeting but the 3 years before that sucked up all our patience, let us hope that they have a plan and are executing it. Frustrated as ever but holding, actually picking it up in dribs and drabs. Bitching and moaning is contagious so I’ll try and not participate (too much).
It is as simple as this, If you do not believe anyone else on face value Fred Leonberger and Turpin were true outsiders that did not need a job, they saw something, not sure how long it will take to iron out the bugs but they know what they see.
I wonder if the investor presentation will be available for us to view, Hal Bennett did an excellent presentation years ago demonstrating the potential, take out the 3 year delay and we are proceeding but that 3 years killed us, it sucked out the oxygen and diluted the crap out of our shares. I’m done rambling, basically nothing to add but frustration.
Good Day
X
I’m not sure but if I had to guess I’d say that Ligthwave moved some of their money there to get a little better return and this is notification to the shareholders of that investment. Again I’m not sure but that’s what looked like to me because it is a new "bond" fund.
http://www.indexuniverse.com/sections/features/18710-vanguard-emerging-bond-etf-live-in-june.html
Glasgow was brought on about a Year and a half ago to oversee the evolution of Perkinamine through the chemical issues that is was having and it appears that they have been solved. Last August Z and Miller told us that Lightwave was moving from a materials company to a device company (if you remember Lou did not speak at that meeting ) IMO if you are a device company working on next generation devices you need a full time CTO on the cutting edge of devices.
We all heard Bintz on the call, he is a device kinda guy, remember he did the Lumera modulator then got out of dodge. While Bintz may be qualified in my mind I was kind of thinking that they were going to put Prather in the CTO job should a merger happen? We haven’t heard much from Lou so in my mind it was not unexpected. It could be many things but honestly I just think that with the talent that we have they decided that a move was in order and they made it and this decision has been in the making for a while. Is it Lou’s health, a personality conflict, a needed skill set, the inability or willingness to travel to attend meetings, or the need to open up a position for someone new?
Perhaps we are moving towards yet another Super Star joining Lightwave?
I found this language a little questionable. Sounds like either things didn’t exactly work the first few times out of the box, or something? I bumped in to a few local guys that know Prather (the conversations didn’t involve Lightwave) about personality stuff. Historically it sounds like both Hochberg and Prather could be a little dominating/difficult at time (hey people say that about me too). When I first read that we had an agreement with EM, my initial reaction was that I’m not sure how motivated he’d be to see us succeed right out of the box. I did hear though that over the years Prathers demeanor appears to have changed swung towards the more mellow/positive side. Again this doesn’t involve Lightwave. Just analyzing the experts as usual.
“In March 2013 we entered into a product development contractor agreement with EM Photonics (EMP) of Newark, Delaware to fabricate and test waveguides and phase modulators during an initial development phase using existing EMP polymer modulator design and processes. The phase modulator will utilize our advanced organic nonlinear electro-optical polymer, Perkinamine Indigo TM material, which we provided to EMP. This effort is predicated on the compatibility of EMP’s processes with our EO materials. EMP will produce demonstration organic EO polymer waveguides and phase modulators and assess device performance. We anticipate that this product development contract could lead us into collaboration with EMP that would enable us to develop an advanced telecom modulator utilizing an organic electro-optic modulator with performance parameters and data rates that are significantly advanced over legacy modulators. We have multi-paths in our advanced telecom modulator development, of which EMP is only one of those paths.”
Multiple paths, I’m glad to see. Leonberger is the man, I’m holding tight but it doesn’t sound like everything moved along without a hitch.
Just my 2 cents
I don't have time to check the lottery but I'm betting that someone did and we proly lost???
X
I’m not worried and I’m certainly not going to go and try force information to the street that management doesn’t want out just for the sake of satisfying my curiosity. Perkinamine has unique features, one time when my EO polymer fortune 500 foreign scientist went home to his country, came back to the U.S., called me up to approach Lightwave for him then when I asked Lightwave mgmt. if they wanted to do a deal with a foreign entity I was told unequivocally NO. The reason given was a good one and I won’t post it here, it was not insider knowledge, were they kidding? Possibly, but I don’t think so because they did not ask for a name. Hey I’m as disappointed as anyone that investors feel that if they sell for a dollar a share they are making the right decision and perhaps they are, but I certainly don’t think so. They are keeping indigo as a “trade secret” that should tell many of you what you need to know, there is something big, something that they don’t fully understand and don’t want to let out the secret for the remainder of the molecules yet undiscovered. Hey I could be wrong and if I am oh well, but personal attacks on management is not going to make Fred, EM, Chip Maker etc go any faster, in fact it might do quite the opposite. What does that attorney on the radio say, during negotiations, time always favors one side, know which side it favors and act accordingly. Joe Miller changed the direction from materials to a device for a reason; Z has proceeded just about as timely as one could expect from the industrial park to the Technology Center. We are moving from a nice business to a NICE business. Opsis, Leonberger and Bitz just a coincidence? We can yell and complain all we want but it is not the first time around the block for these guys. Look if they have an issue they will work through it, but pissing and moaning isn't going to change anything.
Good Luck All
Gotta Run no time to proof
It is based on Nothing Six, it was just my thoughts on what I’d talk about if it were me that’s all nothing else.
So I’m guessing that during Z’s presentation he will get into a single product, one market use (replacing lithium niobate modulator s in the long haul telcom market?) and explain the advantages of Perkinamine in layman’s terms, speed, stability, power savings, etc. why it will dominate the market (need and cost) and put out some numbers for them to chew on. Following that I’d guess he will make an effort to touch on other uses because while Lightwave will produce devices the investors need to understand that in the end this is more like a biotech or Gore-Tex like company than a widget factory. And because this science is so hard to understand he needs to mention the heavy hitters that are putting their name, (basically their credibility) on the line here because after all we’ve got the guy that is credited with saving Corning, an ex NSA optical computing inventor and the man that was able to replace the Gallium Arsenide in modulators with Lithium Niobate (Now he is working on replacing niobate with Perkinamine). Over the years all 3 of these guys have had articles written about them in Forbes and they are the who’s who in the markets that perkinamine will be used in.
I was looking for something on Leonberger and I stumbled on this about 2/3rds of the way it talks about Fred.
http://www.forbes.com/asap/1998/0824/094_print.html
It is hard to say if Z will get into the true reason that I think all this talent is here, the next revolution in the electronic market (well not electronic but you know what I mean) and that is the all optical properties of Perkinamine. Light controlling Light but that may be a little too technical for them.
EOM
Nice Job Wise, someone needs to move #5236 up top, since we can only have 4 get rid of mine, I didn’t put it there so I cann’t get rid of it.
Thanks
X Busy as Crap lately
Good stuff Rick I stuck your post up top for the folks.
Revenue per employee is currently listed in Ihub as 437,310 98.2% float.
Ok, no time to look I just stopped home for a minute, why did it paint my buy of 4443 @ $1.16 blue on the Ihub Level II's?
Also does anyone use Ihub for there I Phone?
Great question Wise guy. As I’ve said so many times before, For me I go back to the days when the Goetzs first lost their funding, it has been so long that I cannot remember the year and at the time it appeared that they were through. Jr. did his best to convince a group here in Delaware that he had invented something 10 years off in the future. In my mind though I never thought it would actually be 10 years but when I’d bring him articles about the various technologies he’d always shake his head and say “X we are 10 years ahead of them” then would proceed to explain whatever the issues were with that particular technology. And I know that many of you don’t like me to talk about this but he didn’t look at Lumera molecule as superior, far from it, he always said that it was too fragile and too expensive to protect. So as much as you guys don’t like hearing it, watching that company tank from like 50 Bucks a share to less than a buck helps reinforce those conversations that Fred was correct which is what I based my investment on. And watching 1 leader in this field after another, first in Chemistry, then Fiber Optics, then in Pharma (to clean the molecule), then in Testing, Z joining, early on it was Teng and Turpin, but now that Leonberger, Binz and the gang at EM are here, and after watching OpSiS move from Gig’s stomping ground only a few months after formation to the U of D points to the fact that what Fred said was true. Were there mistakes, heck yes, at the formation and the following few years many shares were given away to get this off the ground but that is what usually happens with small companies that need money, there were also a couple of delays that cost us in total probably 4 to 6 years but those are now behind us. Did they make mistakes, yes but the road to success isn’t always a straight one. Is it possible that there is a defect or some reason that this may not succeed, yes, but I think that there are far and away more advantages than disadvantages. Having Bintz as the point with the LSS, Leonberger working with EM, Colorado working this, Z herding the cats with Miller and Fasick's wisdom and guidance IMO tis only a matter of time my friends. One device, then another, and another and POOF.
It could be a year, maybe 2 (but I doubt it) Mark My Words, We Will Get Taken Out of This Game in The Form of a Buyout, I often laugh at the guys that balk at a buyout then complain because of some sort of delay.
X
Yep that’s how I read it, if they have sold them then IMO it is good news if you ask me, the questions is WHO, who is grabbing that many shares, whoever it is sees the big picture, if they tried to buy that many on the street this thing would go crazy. Nice find Spooks
Watch this ;)
That thought did cross my mind, Shhhhh I'm buying.
Perhaps I misspoke but basically we are talking 2.5 million shares over the last year, yes I guess that the total to date is 11%, but does anyone have a better alternative? And yes Smars that is the one positive thing that I saw, the light at the end of the tunnel for them will be shut off.
In the past in order to raise money the company would sell “restricted shares “ to “qualified” investors and those shares would not only sell at a discount to the market price but often times would also come with a sweetener in the form of a warrant for a percentage of the unit purchased. We’ve talked about this a zillion times, this looks like just another years Post Effective Statement that is all. Like I said before I don’t have problem with the company selling shares and using that money to move forward.
And if there are any very deep pocketed investors that wish to approach the company to fund it, Lightwave has the ability to cancel that contract at any time, be my guest.
The arrangement with LPC is that they will pay market price (using the formula) and received a sweetener in return. Lightwave set aside 10 Million shares, folks it takes money to make money. Oh and I may be wrong because I guess that they had already turned around and sold them by this time last year. If you have a problem with what Z said then someone can ask him. But I think that until they can stand on their own feet with a contract I kind of like this arrangement, it is better than having a dozen qualified investors kicking in money, hammering the stock. IMO soon enough the LPC thing will be behind us, but until then I think that it is great that we keep 1 years of worth of cash on hand, it is one less thing the BOD and investors have to worry about.
I’m not a securities attorney, that is what Bovi does but he’ll charge by the hour I’m sure, perhaps Steve Cordovano could explain it if you have questions.
Last year’s statement filed 4/26/2012
Post Effective Amendment No. 1
As of the date of this prospectus, the Company has issued 2,586,857 shares to Lincoln Park under the Purchase Agreement, including the sale of 2,529,535 purchase shares and the issuance of 57,322 additional commitment shares, for aggregate proceeds to the Company of $3,799,998.09, and 2,294,626 of such shares have been sold by Lincoln Park pursuant to the Existing Registration Statement, with 7,705,374 shares remaining unsold under the Existing Registration Statement.
POST EFFECTIVE AMENDMENT NO. 2
No date but posted 4/15/13
As of the date of this prospectus, the Company has issued 5,057,659 shares to Lincoln Park under the Purchase Agreement, including the sale of 4,960,363 purchase shares and the issuance of 97,296 additional commitment shares, for aggregate proceeds to the Company of $6,449,997.89, and 5,208,489 of such shares have been sold by Lincoln Park pursuant to the Existing Registration Statement, with 4,791,511 shares remaining unsold under the Existing Registration Statement.
Honestly I’m doing my best to keep this above a buck so they can keep tapping if, I’ve got 6 buy orders in and I’ll leave them there. Honestly I don’t mind watching the price drop as it nears my buy orders. AND I do not care if they fill or not, just saying.
I saw it last night but I didn’t bother posting it, I read it twice and it looked like a nothing to me, I guess that I could spin it either way but it is just business that is all. I don’t think it will affect us one way or another, but it will be interesting to see who buys in, I wonder if a director or 2 might? Oh and at the SHM Tom said they hadn’t sold any and now you can see that what he said was correct, LWLG still has 4,791,511 that they could sell to LPC and to me that is good news, not crunched for cash like the old days. So all in all it was a basically nothing that is why I didn’t post it, many would have misunderstood it.
X
Strike One and Strike Two Now Under a Buck.
I thought that that the reason Gig had such phenomenal growth was due to the 40 and 100 gig forward looking blah blah blah market and not a settlement with National Instruments? So it looks like 3.5 million plus 500k divided by 12 months that is about 10 Grand per day, every day, that they need to make up in sales in 2013 just to tread water. No wonder mgmt. sold. I can not wait to see how that is worded and how the graph looks, perhaps that will also get backed out of the historical charts going forward, Lol.
And don't forget National Instruments owns (or owned) over a Million shares of Gig.
On October 4, 2011, National Instruments filed a complaint against ChipX and GigOptix in the District Court of Travis County, state of Texas, pertaining to two sales contracts to which National Instruments was a purchaser of products sold by ChipX. GigOptix is not a party to either contract. Prior to the filing of the complaint, the parties had been in discussions regarding the pricing of the products sold under these contracts, the number of products to be sold, and the length of time during which the products would be sold. National Instruments’ complaint sought a declaration that it was not in material breach of one of the contracts, as ChipX had asserted, that ChipX could not modify the prices in the contracts, that National Instruments could purchase products sold under one of the contracts directly from a supplier, and that GigOptix was not entitled to any damages from National Instruments as it is not a party to the contracts. The complaint also sought unspecified damages for alleged breach of contract by ChipX. ChipX and GigOptix never responded to the complaint, or filed a cross-complaint against National Instruments. The parties have now settled the matter. Pursuant to the terms of the settlement, National Instruments has paid ChipX $500,000 to license rights from ChipX which will enable National Instruments to manufacture the products sold under one of the contracts, National Instruments will make one last purchase in the amount of $3,500,000 of such products from ChipX to be fulfilled during 2012, and National Instruments shall have the right to purchase products sold under the other contract directly from the supplier in exchange for a royalty which the supplier will pay to ChipX.
And now news on the guys that created/arranged the assets of a company (but not the liabilities) to be transferred to Gig Optix upon founding. Some say it doesn’t matter, but IMO this is just the tip of the iceberg and there is much more to follow.
BOISE, Idaho (AP) — A federal grand jury in Idaho has indicted the former president and three top executives of a failed Boise-area real estate company on charges that they mislead investors and conspired to dupe them out of millions of dollars during the economic downturn.
Assistant U.S. Attorney Wendy Olson announced the indictment Wednesday against Douglas L. Swenson, who was the founder and president of DBSI Inc. and a group of other related companies.
Swenson, along with DBSI's general counsel and two other officers, are accused in the 83-count indictment of conspiracy to commit securities fraud, wire fraud, mail fraud and interstate transportation of stolen property. Swenson is the only one also indicted on conspiracy to commit money laundering
This is Probably Spam Gotta run just opened my email 9 best stocks to own.
http://www.nismagazine.com/hot-stock-buzzers-goff-corp-otcgoff-low-carbon-pinklwctf-lightwave-logic-inc-pinklwlg/124062/
Lightwave Logic, Inc. (PINK:LWLG) fell 4.8% at $1.19 after trading 139,768 shares. Lightwave Logic, Inc. is a development stage company that produces prototype electro-optic demonstration devices and is moving toward commercialization of its high-activity, high stability organic polymers for applications in electro-optical device markets. Last week the company announced that preliminary testing results on devices recently coated with Perkinamine Indigo™ demonstrated several of the key performance parameters desired by our potential microelectronics customer. The areas tested included film quality, optical throughput, insertion loss, thermal stability, poling signature and electro-optic modulation.
Now clouds are causing global warming, LOL
9 Hours ago puts Ponz on there at Midnight on a Sunday night. Dude seriously you’ve got it bad, you need to find something to occupy your time. And no just because you make up names and talk to yourself doesn’t mean that everyone does. Honestly I’m not sure who Half and Half is, but he/she is smarter than I, perhaps it is scout? I wrote this for the other BB but for some reason it rejects it so I’m posting I there.
The writing at Lightwave logic is on the wall, barring some totally off the wall issue they are on the final run, this Bittz cat was privy to Lumera/Gig’s molecule and if you listen he said that he is not aware of another molecule that has the advantages/characteristics or Perkinamine Indigo.
It is hard to believe that after watching this for about 3 years now Ponz still doesn’t see what brought an Executive Vice President from, Corning, JDSU, Dupont an NSA optical computing guru and an Admiral to this company. Oh and going back a few years and the guy that invented the R333 Teng-Man test, the first time he tested it he said something to the effect “you guys do not realize what you have invented”
The road that Lightwave took has been long the founders were stubborn to ask for help and they have had their share of problems but somehow they have overcome each one. 2 + 2 = 4 and if you don’t understand that then please feel free to make yourself look like a fool to try and convince others that I am someone else and that all this talent at the company is clueless. Oh and may I add that I only started questioning Gigs technology going back as far the days when it was like $50 or $70 per share.
Good luck doing whatever it is that you do to release your endorphins.
Oh here is Fred Leonbergers Biography off the IEEE web site.
“Dr. Frederick J. Leonberger is acknowledged as a leader in high-performance fiber-optic communications. During his long career, he helped create many photonic component and module technologies that significantly advanced the field.
While at the Lincoln Laboratory at the Massachusetts Institute of Technology in Lexington, Massachusetts, and at the United Technologies Research Center in East Hartford, Connecticut, Dr. Leonberger led the development of high-performance external modulation components in lithium niobate (LiNbO3) and semiconductors. He contributed directly to the development of Fiber Bragg Gratings, a component that stabilizes the wavelength of diode lasers, and fiber lasers, and other components in wavelength division multiplexing networks.
As general manager and co-founder of United Technologies Photonics, Bloomfield, Connecticut, he pioneered and helped commercialize the proton ion-exchange process for waveguide devices in LiNbO3. As Senior Vice President and Chief Technology Officer of JDS Uniphase,of San Jose, California, he played a key role in the company’s strategic technology development. He currently heads his own technology advisory firm, EOvation Technologies LLC, in West Hartford, Connecticut.
An IEEE Fellow, Dr. Leonberger is a past president of the IEEE Lasers and Electro-Optics Society (LEOS) and has received the IEEE Third Millennium Medal and the LEOS IEEE Quantum Electronics Award.”
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Lol,
I cannot tell you how satisfied I am hearing this technology discussed in a very logical businesslike manner and (for those that understand it) this call has investors so happy that they didn’t even care there was selling going on yesterday.
Here are my thoughts in no particular order just how they came out.
Bintz and Leonberger know something about Indigo's properties that they are not saying, that is why they are here, Bintz “we hold the cards on some ,,, ones”. Coming from Bintz that is important but more importantly hearing Leonberger speak in first person when talking about the company (I, we ours) shows that he is not just acting as an advisor but is truly onboard. Bintz thinks that those properties are so strong that we can force customers to trade off things that they view as important. Leonberger talking about beyond 100 Gig. Both Bintz and Leonberger see Lightwave at the forefront, the majority of 50% on the new ish, Holy Moly. Z, EM myriad of applications. The majority of what they are currently working on is Indigo. Leonberger,,, going forward very useful in all optic devices. Indigo will be handled as a trade secret just like Gore-Tex. Path forward for Toms security clearance is good. Bintz is very sharp, can think on his feet and qualified in this field I’m glad that he working with the LLS.
I found the comment that the packaging is the most expensive part interesting, IMO they mean that that the chromophore is so cheap to produce that the packaging costs more than the chromophore.
Finally, one SBIR and 2 STTR’s that was good to hear. And guys don’t go digging into the STTR’s and posting the information on here. Tom doesn’t want it out or he would have told us. Lets not shoot ourselves in the foot to look like a hero. Hey speaking of that, I gotta new toy TLR2-s, Lol.
Whether you agree or disagree, whether you want it to happen or not, This company is absolutely going to get bought out, no doubt about it, you heard Toms comments we have to act like this company is going to last 50 years,,, in his heart he knows that it won’t this company is too small and the potential is too large I’d go so far as to say that it will be long before WE see a significant stream of revenue, IMO it will be during the period either immediately preceding the acceptance or immediately after the agreement with the LSS (within 18 months). IMO There are 3 kinds of investors, there are those that buy on potential (loose 9 times out of 10 and the 1 homerun covers the losses), there are those that wait until the technology and revenue is established and there are those that jump in and out like a squirrel crossing the road, the squirrel guys are currently running around in the road
“SEVERAL KEY ELEMENTS” that are currently not meet by anyone that Bintz is aware of, remember that he worked for Gig Optix and appeared to be instrumental in getting that flawed molecule to work. Probably the best question was the simplest one of what does Lightwave do? Bintz said that successful implementation could break through barriers For the storage of data for entire population. Leonberger “in addition to the communication (cloud) centers that Lou (Bintz) described”, (coming from Leonberger) he is the guy that invented the technology that is now “hitting the wall” and if you listen to what Bitz said is that Fred Leonberger has designed a program that he hopes will solve that, comprende Leonbergers title should just be Dude of Dudes in the EO world, Then Leonberger agreed with the hitting the wall and added other areas hitting the wall,,,, communicating between people, machines and under the ocean. stated “OUR(first Person) material has a long road in front of its in terms of it performance capability” Long road no doubt Leonberger and Miller are here for the All Optic 3rd order HomeRun, welcome to the future.
So to say that I’m happy is understating things.
It is too nice to stay in here typing; I’m going to go play, not proof reading.
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You know my feelings about JM,( I don’t think he was exactly what we needed at the time), but at this time I’m not going to rock the boat for $200k (so we could save what 50K?) a year though. Jim is handling more in the background than most of us know and Z’s needs him, there is much more going on here that we know and probably won’t know for some time to come.
But yes Rickface I’m so happy, 8 or 9 years ago Fred Jr. said something to the effect that this was a moon shot but that he was pretty sure they could do it, he had no money and old Plymouth,,,,,. It has been a long road; and many, many misteps were made but TODAY certainly doesn’t look like a misstep, Heck No. I cannot and will not let others outside of this control my thoughts, if the price went to 4 Bucks a share today no one would be complaining. The share price is what it is, and based on those final few sales today I’d say they are setting a few up weak knee'd investors here. Guys very few outside of Lightwave understand what they have, very few. Could they do a better job at getting out the message yes, I guess they could, but Tom came in and whipped this place into shape in about a year. He will get a contract, period end of sentence. Am I going to bad mouth him NOPE, not currently bad mouthing anyone, I’m very happy for their achievement. We’ve come a long, long way and on top of that have been hit with Fred Jr.’s downfall, somehow by the grace of God folks that are the top in their fields, not money grabbers, came in and they’ve picked up the ball and ran with it. 99.9% of all other companies would have fallen apart. The Jr. Thing happened under Jim’s watch, love him or not he kept it together and moving and that is a fact.
Man, Valentine’s day was only 6 weeks ago, I thought that it would start to unfold after that and it certainly looks like it is, A Project Manager, Testing Goals Meet for the LSS, Fred Leonberger heading up the Modulator with Prather, shoot I’m Happy. ; )
Just looked at the board
Yes Purp I think that is the first time the NSF was mentioned, I suppose one of their guys will want to join and help us now, Lol.
I think we all need to understand how the options are valued they are not in the money, only if the shares rise will they see any benefit. Honestly I don’t think $200k for a retired Admiral is excessive. I’m also not sure that some of the numbers put up for Steve are correct but I could be wrong. But I agree, I’m not sure what Steve does, perhaps we’ll find out on the call. IMO these guys are compensated in a reasonable fashion. Smith asked for an extra year warrants and they said no, someone in the K just back 200k shares for an extension on in the money shares. The fact of the matter is that they are looking out for us.
They didn’t make the price go down today, WE did, We the investors or the market makers or the shorters did, I could care less, I'm looking to the future. Honestly I’m tickled pink, we finally did it, after all these years they’ve nailed it. Funny how every time these guys announce a move forward everyone gets tee’d off.
Please don’t take this the wrong way.
"the Nasdaq listing rules permit a smaller reporting company to adopt a board resolution, as opposed to a formal written charter, that specifies the compensation committee's responsibilities and authority. Smaller reporting companies are not required to review and reassess the adequacy of the compensation committee charter or board resolution on an annual basis"