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I had no idea who you were referring to until I saw who wrote the article for Edison. . If you read his description, I believe they mistakenly spelled Cliff's Mining as Cluff's Mining. That is rather embarrassing.
That might be the AGM afterparty in May if Lebby does not show up. X and his sheeple showing up in the hotel lounge with Marcelli as the DJ.
Thanks Sparky. Just glancing over the article, if a major dilution occurs to raise equity and bring in a debt proposal, the pre merger shareholders get drilled.
Scooter, can you give me a breakdown about this report and the chances Niocorp will be doing a raise soon. I have not been following this latest news from Edison. Thanks
I am sure I know you.
I wish my shares were fake but they are not.
I liked Jr. a whole lot more than senior.
I am concerned the stock could get hammered lower now that Lebby missed the 2023 milestones. If the NAS tech stocks go into a reverse direction, it will be one more nail in the coffin short term. For new investors getting in, it will be a great opening sub 3 but the long term guys here are tapped out. There is zero support for the stock from the big boys unless ETF related. The manipulators will be able to do what they want and no one can stop them. This all falls on management as another year goes by and zero revenue(50k does not count, it is suspect).
The positive posters jumped on Lebby's shareholder letter and thought the revenue deal was a foregone conclusion. Lebby whiffed and now gets another 5 months of hiding until the AGM in May. Then he will be attacked by the wolves. His time for being CEO should come to an end if he cannot deliver.
Most of my family worked for Hopper Soliday, and then Penn Merchant Group. I was on the PHLX from 1979 to 2003 but knew a lot of OTC guys.
Did you work on the PHLX?
I just googled him and he was traded to Philly in 1980 for the last stop on his career. Charged with sexual harassment in his last job with NFL alumni network and had to quit.
What is your issue with Marcelli?
Close but off about 70 yards.Joe Pisarcrik handed the ball to a running back and they collided. Herm Edwards scooped it up and ran 25 yards for a touchdown. The same play was run when Marcelli handed off to Zelibor.
"We are on the one yard line"-X makes these statements in 2012. Outside of this second tier message room for LWLG, no one knows who you are. Please try to get over yourself.
Another excellent post. That sums it up.
I was introduced to LWLG thru a family member who was a MM in the stock. My first purchase was before the Gilder Conference and I believe Terry Turpin was acting on behalf of the company. Michael Queen was involved as well.That is a long time ago. Peter Smith of Taser fame brought in JM through his wife's connection to Jim and some sort of dog business or they both were involved with dog shows.Marcelli has been the one constant thru all the years. Not sure of the ties on how Z,Leonberger,Miller and others arrived on the scene. Fred has stayed with the ship but not sure if he is in the lab anymore. Miller is gone,Z is gone.
Lebby has been on board since May 1, 2017. He has changed the direction of the company.Patents galore, new lab, and now multiple new hires. His compensation is currently over 7 figures. Not sure how much time he spends at the company. Question is when does his leash get pulled. Vague answers are insufficient anymore.
Wish some BOD members would buy stock on the open market. Kind of embarrassing.
What do you see as the next piece of news for Lightwave? I hope there is something in the pipeline to report on before May. From posters here, they seem to think we are in on everything but there is zero speculation in the stock price. We are dead in the water.
You and I both believed that Niocorp and IBC were going to do very well on news 2017.Almost 6.5 years later, they have both cratered. That was the fault of management who led us down that path. LWLG was assured of revenue in mid 2000's by Marcelli. Complete joke along with being responsible for killing the stock price. We are 12 years later and still nothing although the path of the company has changed. Lebby has been off for 18 months on his forecasts. I would hesitate on calling for something coming as investors here think you are connected to management. From price predictions by some to news forthcoming by others, it has all been for naught. I know Lebby has a tough road in getting something done. Just wish everyone would temper their expectations as it does hurt the share price. Lebby's Dec. report gave false hope to investors and now we are back to square one.
Marcelli receiving a multi-million dollar payment that had to be voted on by the BOD shows there is zero accountability. Sometimes I wonder if Marcelli is still CEO without the title.
I know Mark saw something in this mine a long time ago. They did all that they could but in the end could not raise the capital required. Hence the SPAC merger that yielded a terrible result for shareholders and management. Lender A- complete misread by Mark after I believe he was assured debt financing was a foregone conclusion. GX merger was a huge mistake as Mark believed extensive capital was coming in as well. Niocorp got played. Can they recover with EX-IM and Stellantis. I have no earthly idea.
It was obvious in the way the price has dropped the last few days of trading that it was mainly predicated on Lebby issuing the shareholder letter and the subsequent failure to deliver in 2023. He might feel that he will get a pass until May 2024 where he needs another announcement to hype his credibility. I have the distinct feeling that he will not be treated too kindly by investors at the AGM if he can produce nothing. We need much more than patent protection to move the share price. Lebby, you have been rewarded with a generous salary, a multi-million dollar payment for your services, and stock options. Time for you to step up to the plate or step aside.
Everyone on the Niocorp board including yours truly was 100% sure we would have been financed by now and become millionaires at the least. I spent a lot of time interacting with management and brought a ton of investors into the company. For all my efforts, I was rewarded with zero financing, a r/s1:10, and a 65% drop in the share price after the SPAC merger. LWLG I have spent a lot of time contacting investors and doing as much research as possible. The results has been another CEO who has terrible communication skills with his shareholder base and acts almost childish out in public. It is what it is. You think you have the right stock but right now you have nothing. I still hold LWLG because of the risk/reward ratio and what Fred Goetz accomplished.
Throwing darts against the board would be no worse right now than the two companies I spent a lot of time invested in. For what LWLG seems to possess and where the share price sits(4.44), it is not what I hoped for. Probably one of many that feels that way.
I started buying Quantum Rare Earth many moons ago around the 36 cent level. Cannot believe in Jan.2024 that the company share price would be under that level. Did not see that one coming.
Lebby has painted himself into a corner with missed timelines and the stock is acting accordingly. No one knows when they will reach a deal and the months leading into the May AGM could find the share price sinking lower. The same thing has happened at Niocorp and the result has been a disaster for the faithful. You do your research and 100% believe you have found the road to riches. In reality, you could have a better chance buying a lotto ticket and it costs you next to nothing.
I have always voted against him but my share count is low. The only way he is relieved of his duties is by Lebby kicking him to the curb or his retirement.
How do you vote come proxy time?
Excellent post and should be a stickie. I believe Lebby should head the science side of the company and someone else run the business side but that is my opinion.
Wish there were more of your thoughts and less of the clutter that has cheapened the board. I am guilty of some of the mess and will tone it down.
This is where I do not want Marcelli anywhere near the company. I cannot believe Lebby did not get rid of him awhile ago. They could find many people that could do his job.
Are you surprised that there has not been a bidding war for the company. Google and others are sitting on tons of cash and could buy us easily either in cash or stock. One thing I agree with X is that we will be acquired but I thought it would have been done by now.
You know that the posters here that express negative views are longs tired of the same old. However you classify them as shorts so it can feed your narrative. The share price descent is management's inability to garner a deal. That is the reality. You and the idiots that follow you are too timid to call out management. As much as posters like yourself believe TP works for a group that is short, it would be less surprising that you are in cahoots with pumpers or management itself to try and prop up the price. The Dec. shareholder report and interview were immediately pushed by pumpers and your quote of how crazy it is going to get. That was a 100% lie except for a short run in the stock and subsequent drop.
In other words, your views along with Lebby and others have the same credibility as Professor TP. Both sides are full of ****.
The Vulcan's words are nothing but hot air. The patent news were far and above the most important PR's put out by the company in 2023 but they do not move the needle. An issuance of a small revenue PR on the day of the AGM in May did more harm then good as it appeared staged. The company delivered on nothing else the remainder of the year. The Steve Jobs impersonator look has worn out it's welcome also.
Only when actual revenue hits the LWLG account will I give credit to management. Marcelli and Z were awful and the verdict on Spock is incomplete. Now go back in line and wait your turn for the track.
I do agree. He is a nice guy. However that little track is the closest place he will ever come to owning one. Lebby has said some very idiotic things but that might take the cake. What kind of CEO makes those statements to his own shareholders. I still wonder if he has ever been a successful CEO. He runs or has run private ones but not sure what the end result is.
It would be a funny scene seeing X and his little troop waiting in line to rev up the cars while Scout Leader Marcelli keeps telling Proto to shut up because he is at the back of the line and the sheeple keep cutting in front of him for another turn. These are good times as the stock keeps retreating today. Do we blame the shorts, Covid, Russia, Israel, or Iran for the downdraft. It just couldn't be Spock promoting the stock on video and X pumping it in IHUB for the fake hope.
A Hot Wheels track set up with little Ferraris for the sheeple. I can see X fighting with Belgian Steve on who can go first.
The late run in the stock from Dec.2023 is now gone. LWLG is not in a good position from a support standpoint because there is none. It will not take a whole lot to bring this under 4 again and I do not see anything on the horizon to bring the share price back up.Investors want to see some sort of revenue deal and not the fireside chats that add nothing to the equation. The stock is ugly but the price could get uglier soon. Also by using stock sales to raise capital raises dilution and gives MM's ammo to lower the price even more.
Vein, what should we expect in 2024? End of January shindig in Puerto Rico that probably has the pizza guy's name written all over it. I think the Vulcan would melt in the sun so he is out. Then another stroll for X and his sheeple with the esteemed Spock through the halls of the Motel 6 near Longmont. Take the summer off and then fly to Europe on the company dime to see the geeks worship their idol. Meanwhile JM opens another Hong Kong BBQ in Boulder with some of the lab techs working 24/7. It will be a great year to be a Lightwavian.
Go Dr Spock. Take that starship anywhere in the universe and make us proud. If you could drop X and Marcelli off in Siberia along the way, it would make all of us very happy.
Stock ran for a month up nearly 23% after Lebby issued the Dec.4 newsletter. In the last 4 trading sessions the stock gave all the gains back because he could not deliver on 2023 milestones. There is no support for the stock and zero coverage. It is a junk stock until proven otherwise.
This stock would have been down 40 cents today if the NAS was up 300 points. Lebby has been called on the carpet by the market and his act has worn thin. The vaudeville act with the used car salesman has grown stale. How much longer can we go on with the foundry excuses. Next order of business is in May unless Spock pulls out another fake revenue story hits the tape.
If you would leave this board for another.
Do you see Lwlg rallying back 4% if the Nas turns around. I do not. The Vulcan's inability to close a deal is looking worse each passing month. To keep giving this guy a pass is not right. Posters here always bring up another topic to deflect the miserable share price. Don't worry, share price does not matter. They are getting things done with the foundries. Well if that is the case. we should all hope the price gets under 2 so we can income average.
I cannot wait to see this board light up if LWLG goes back to mid 3's. Should be fun.
I promised you a Ferrari but you will have to settle for a Ford Fiesta when all is said and done-Michael Lebby 2022-2024
Elvis Presley-The King of Rock & Roll Marcelli's Pizzeria and Hong Kong BBQ- Longmont. Colorado.
Thank you Herman for your informative post.