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Still waiting on a reply to my question.
I agree, for a certain % of their working shoppers. Do you know if the Auto centers will still stay in business?
The last time I remember Lightwave trading this way, they were trying to manage a small private placement without notifying the market. There was a sell down which did not make sense, which triggered more selling by rightfully nervous investors. It was handled wrong. Will history repeat?
That is precisely the problem.
Haha! What old Lightwave skeleton is still in the closet earning that kind of money, besides Jim? How are these puppet masters fooling the BOD, including Fred Leonberger, into receiving only stock as compensation?
Lightwave's progress in the lab and their willful ignorance to the share price are equally impressive.
Agree, it was obvious what wording TH was correcting, no need for anyone to let their spectrum disorder shine through over it.
A couple here follow the LPC schedule more closely. Mi Amigo KCCO... What is the normal hit times? Late summer/early fall? Then Jan/Feb?
Life goes on. I got a flat tire in my old Volvo P1800.
I'm still been buying these cheap shares. Got hit at $1.02 today. Nice to get in cheap but the extra dilution and low accumulation will hurt us down the road if the stock starts moving. With the new information, I'm amazed that LPC doesn't hold back for a while. I wonder if they are near the 5% line and have to sell to avoiding filing Schedule 13D.
As I have been told before, by keeping LPC around longer Lightwave can bypass the mid-level investors. I guess we will see how that works out, it was not my preference but since Lebby seems to really deliver in the lab there was a benefit to not taking up his time elsewhere.
I would assume since LPC is still around, MGMT will maintain the relationship until they see how their sampling round goes. Would be nice to have someone savvy with the financial/investor market inside Lightwave. Even though Lebby worked for Intel Capital, he was more there to advise the money people when additional investments from Intel were warranted.
I am leary of Lightwave attempting a PP with Jim possibly handling it because the last time they did, Lightwave screwed it up royally and LPC bought most of it anyway. Now, if Lebby handled it through proper outlets it could be a hugely successful method of bringing insightful, sophisticated investors in.
There is a huge disconnect between LWLG as it currently sits with device development, it's shareholders, the market, and LPC. For the most part, only those following this board will be up to date on information from Lebby's presentation and thanks to Photonics Guy, read a knowledgeable interpretation of it. Maybe 10-15% of the outstanding share holders' know where the company is in terms of progress.
It is likely that even LPC doesn't know, or doesn't care about whatever was in the slides. LPC follows a disciplined recipe for making money that involves selling a % of shares bought. The rest of the majority of retail holders are seeing it float around a crucial trading line of $1. If it breaks a dollar, it would fall quickly, there may be selling out of concern for that.
You never really know, what we do know is that Lightwave is still doing a poor job communicating to its investors, investor outlets, the financial world. We have no proactive IR spreading any message or holding hands, save for a select few. This is not Steve's fault, he does what he is paid to do and what benefits him elsewhere.
I've been through this with other stocks, sometimes the time it takes between you seeing something and the rest of the market catching up is several months.
This stock is like the philosophical tree falling in the woods. If no one is listening, does it make a sound? If no one is watching, will it go up?
Man, I thought you were 6 feet under! The last time you posted here some still believed LPC was keeping their shares and the Goetz family was getting blamed for the sales. Alot has changed.
I cut my position way down in 2013/14 for the same reason you left. But I never stopped paying attention. Lebby joined the BOD. I built a healthy position towards the end of 2016. The selling lows/patterns are so easy to see at this point. I like to be honest about what I see. Unlike X, I will sell.
Jim is the only one still involved from old Lightwave. I hoped Lebby would clear out all the skeletons but I don't think he even knows what went on prior. Who would tell him? During my lab tour Tom got backtalk from one of the lab staff he rudely tried to speak over. He doesn't seem to have any influence over what Lebby does.
Good to see someone recognition, I will have to look up the other company. No doubt it was created with some assistance by Lebby and/or Karen Liu. For $4300 none of us will be buying it, but the growth projected will turn investor heads.
It could very well be Terry's family clearing his holdings. I feel bad if so. Lightwave's poor management of their share price will not be doing Terry's sick wife any favors. Everyone making excuses for Jim and Lebby's "lab only matters" thinking etc, please, think of the women and children!
Bought more today @1.04. Maybe I'll be building a house in Aspen too.
Calling a bottom today, that's about the max difference someone would take between the placement place and the share price. Worth a slightly lower sale to get the warrant.
So the poll was going well, until someone voted 30 times in a row for Capex increasing. Fortunately, because of the IP tracing in the program, I should be able to narrow down where that came from.
A star burns brightest before it dies... Terry was obviously highly intelligent and lived a long, interesting and fulfilling life. His posts were too much at times but they were also clever and thought-provoking. Regardless, he was a fellow shareholder.
I will add Terry to the list of investors who did not live long enough for Lightwave.
Terry passed away unexpectedly on August 27, sorry to inform you.
https://strong-burnsandsprock.com/tribute/details/1830/Terence-Hallinan/obituary.html
Capex Direction POLL
Cast your anonymous vote, up, down, sideways from new changes?
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Should I ride my horse or my high-horse into town?
Advocating raises for other people because of Lebby's hard work didn't provoke any thoughts from me. Stupid idea. Reward Lebby and maybe Leonberger for bringing him to Lightwave. As it is, Tom and Jim will benefit more financially than anyone else at the company if Lebby is successful.
It has, but Lightwave has been hiring, expenses are probably growing. As usual, LPC gets shares at or near the 52-week lows because they can control the price they pay so easily with this raise mechanism Jim has in place. Lebby will save the day in the end.
Our seller might have a 4 day holiday weekend... Even if that is the case, it will stop soon and the price will start moving back up. I'm sure Jim is smart enough to make sure selling from capital being raised is finished before Lebby's presentation this month. Would look terrible to have it occurring during such a momentous event.
That was certainly what people here said, however, a very lean a smart tech company aquired them for a reason. Hopefully we don't go sending samples out trading at $1.17 or I think we'll be facing low-ball offers.
They sold to IDTI, a stock I have been following since 2014. Great company, and investment.
https://www.lightwaveonline.com/articles/2017/02/idt-to-acquire-gigpeak-for-250-million.html
I wonder if GIG would have received a better buyout offer if they weren't trading around $1...
Oh, don't mind my logical reasoning.
Intel will be one of the companies testing a sample from Lebby.
Not sure we read the same PR. PR says everything is on schedule or ahead of schedule and samples will be going out as expected. That is thee catalyst people are waiting for.
PR Translation: "We know the stock is down guys, but we just want to let everyone know It's Not Because Something Went South in the Lab!"
We have seen many times over the years in this investment when sentiment and reality get out of sync from one another. Seems that we are in one of those times right now. I was going through old emails today and I saw where I suggested someone buy Quantum because I thought it would get to .50 cents at some point. Here I am 5 years later and .50 cents in the new .14.
I'm surprised people annoyed by this placement? It's small and practically near the current share price.
Bought some more Lightwave today at $1.04. I'm still taking care of my granddad 24/7. Giving me a lot of free time to manage my stocks from a well broken in Lay-Z-Boy.
Don't forget our witty friend in the Hawaiian shirt at the end of the tour.
Lebby/Leonberger have created a very worthwhile and marketable investment but no one is working to even beat the bushes for new retail investors to help offset the selling pressure in the open market. That would not be Lebby's job to do. That is IR's responsibility. Why they don't have fulltime IR is beyond me.
After reading the PR, I am not expecting the total cost to change much. This may still be a 1 billion dollar project. Sounds like the indication is that money saved will be spent elsewhere and just be happy that it doesn't cost more. Walter was right, it is not fluff. They eliminated two substantial issues. The water problem and the permitting problem. The humorous part is that most investors weren't aware of what hurdles these two issues became over the past several years and if they did know it certainly wasn't a popular thing to point out on here. I know I am breathing a sigh of relief though.
Just as much as cost changes, I'm curious to know how this will impact the estimated length of time from beginning construction to feeding ore into the mill. Instead of 4 years, it could possibly be only 2 or 3 years hopefully. As was pointed out, this has already delayed us 8 months. Even it doesn't save any time or money it is still worth the trouble because it eliminates future potential problems from the opposition over the water pumping into the river and other permitting snafus.
I may be alone in respecting Marcelli but so be it. Does it really matter what he says to anyone about the company? Maybe but it doesn't to me unless he is reporting on corruption. Did he have a hand in the first use and continuation of bleeding funds to LPC. I suppose it is likely but responsibility for that goes right to the top.
Terry, He was the CEO when the first deal with Lincoln was signed. LPC is his baby and no one wants to take it away.
https://www.prnewswire.com/news-releases/lightwave-logic-inc-secures-20m-in-committed-funding-from-lincoln-park-capital-fund-llc-121436219.html
Jim Marcelli, Chief Executive Officer of Lightwave Logic, Inc. said, "We are pleased to receive this commitment from Lincoln Park Capital, which puts a well respected financial partner (Well respected???) behind the company and gives us more financial and business flexibility as we transition out of the research and development stage into a commercial growth enterprise."
LPC had it's place in Lightwave history. Their involvement could have ended a year ago or more. For the span of Marcelli and Zelibor's time as CEO, LPC wasn't a bad deal. Marcelli and Zelibor were not experienced in raising money from credible investors and Lightwave, after the LSS testing PR failer/fiasco in 2012 was no longer near a point where they would have invested anyway.
I am tired of seeing the constant downward pressure they create on the stock. Lightwave could benefit so much from a real investment partner that supports the stock properly.