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Been here since 2012. Happy with my investment gains to date, excited about the merger and Nasdaq listing ( with or without reverse split). Fantastic investment opportunity, incredibly undervalued. Will vote YES to merger.
Richard Thanks! Quote: “ So, the 300mm wafer produced by GlobalFoundries fits nearly ten times the amount of chips on it”!
So that means 3 times the speed, 10X less power and ten times the amount of chips on one 300 mm wafer. If all true, no reason not to believe , this is out of this world compared to current transceiver and chip performance,
… plus those warrants will follow the same reverse split ratio post merger as the original NB and GXII shareholders will. IMO
Just listened to Lebby at the LD Micro Event. Confident as ever. Nothing new for us long timers. Basically the October presentation which can be found on LWLG website. I like to emphasize that the time lines are still untouched. For me the most important thing. We need scale to become ubiquitous. We will have scale. Before Lebby, Aeluma presented it’s silicon 3 d integration LDAR model with copper to copper interconnects to obtain small pixels and to drive scale. Indium phosphide was not suitable and had a 50 % yield .Not good enough for scaling. If the Aeluma presenter stayed during Lebby’s presentation he must have felt a bit uncomfortable with his ‘ disruptive technology “!
See my post of today.
Time guidance remains confirmed!
Just been comparing Lightwave’s September and updated October investor presentations. There are some differences. Most important though is that the time line has not changed for the 7 foundries. Still 2H 2022 for Foundries D &E and A,B and C still 2H 2022/ 1H 2023 and F & G 2023. The first slide in the October presentation with the 4 take aways now includes the sentence: POLYMERS are Foundry Compatible. This is marked change from the September presentation. The 3rd Party Industry Review slide is now updated based on new ECOC 2022 information. It includes reference to Karlsruhe Institute of Technology and the world class performance of 140 GBdPAM4 silicon based e/o polymers and silicon photonics demonstrating world class speeds. All other slides did not change IMO.
With all we know on MP I expect some nice news soon.
GXIIW trades at 0,19 US$. IMHO you need three warrants ( 0,57 cents) to buy one GX share at 11,50 . One GXII shares for which you paid 11,50 ( + 0,57 cents) gives you the right to convert to 11.18 Niocorp shares. Which means you pay 12,07 divided by 11.18 for your Niocorp shares. Please correct me if my reasoning is wrong,
GX S1 Form.
This is an initial public offering of our securities. Each unit has an offering price of $10.00 and consists of one share of our Class A common stock and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of our Class A common stock at a price of $11.50 per share, subject to adjustment as described herein. Only whole warrants are exercisable.
For me that means you need three GX shares to obtain one whole warrant at an exercise price of 11,50. JMHO.
There are some considerations which indeed could lead to GF. Global foundries is the only one ( as far as I know) talking about a monolithic silicon photonics platform. It means no integration of other materials or platforms ( e.g. indium phosphide, silicon nitride). In other words a complete and working silicon photonics transceiver with high bandwidth and low power consumption. How did they do that?
Today the photonics industry is talking about the need for hybrid or heterogeneous platform integration which means a totally integrated photonics system consisting of various components of different platform ‘ flavours’ manufactured by different companies into a higher level assembly and package. This is terribly complex from a design perspective, a manufacturing perspective and therefore too expensive to drive meaningful volumes.
Therefore monolithic and volume requirements would lead me to Global Foundries. GF has a foundry in Dresden Europe and Malta NY, USA. Lightwave indicates its slot modulator will be used by two silicon photonics foundries by the end of 2022, one in the USA and one in Europe. The only silicon photonics fab in Europe able to scale and produce volume is GF Dresden. The only fab in the USA is GF Malta. JMHO.
By the way I will be attending a PIC Meeting in Eindhoven second week November. I may meet Lebby, who will also be present in a panel on heterogeneous integration LOL.
Your article talks about “ Over The Counter” OTC stocks. Nasdaq and NYSE or the TSX are not meant.
Just spoke to an executive high up in a sensor company and a supplier to Apple. Told him that Lightwave was in process of finalising its PDK’s with several foundries. I was met with surprise and unbelief. His ( big) company was trying to get PDK’s established in an Asian chip company for some of their new designs, but we’re having difficulty to get the cooperation they wanted. Apparently you need convincing arguments and a compelling business case in the eyes of a foundry to obtain their cooperation and to get prioritised. Good for Lightwave.
Thanks for answering. Insightful and I fully agree.
Putz, I have no idea. There may be a simple reason: it wasn’t ready to be released, they are still tweaking it ? Just speculating! Maybe he wants to use for effect at a moment where the impact on the share price or the SPAC shareholders is optimal? There must be a reason, but honestly I don’t know. One thing is for sure, the dealmakers must have known, the REE was à potential part of the deal.
Exactly. I think there are around 4000 funds, index funds who would have to include Niocorp based on its Nasdaq market cap in their portfolio. Many of them actually need to own Niocorp shares, others may track them on a fee based scheme with institutions owning Niocorp shares. Anyway it will boost demand for Niocorp shares.
Putz, you have every right and probably a good and respectful motive to express your concerns. I am afraid however I don’t agree with your opinion, your arguments, your calculations and somber forecasts. Repeating that you will be left in the end with just 10% of your original shares over and over doesn’t serve nobody, creates self inflicting damage and in fact may create doubt amongst some shareholders. Count your blessings and please talk about value, hard dollars, not some speculative number of share holdings. This company is undervalued at the moment and the real official value is pretty conservative. There is still quite some upside in the ground and all of that will benefit all shareholders. I am sure potential customers, competition , government and the investment community will recognize this. Those constituencies will drive the share price going forward. Don’t miss it!
Stuff for a Netflix movie. You’ve got the story line already. Lol.
Circumstances have changed since the deal announcement. Management is supposed to deal with changing circumstances and may decide not communicate these demo results as yet, or may not have them yet. . As I said before the expectations of retail investors may not be the only or most important consideration for the moment.
If I am not mistaken board meetings are on Thursdays. LD Micro Event on next Tuesday. Wouldn’t it be great if we got an Lightwave PR latest Monday, before the investor meeting?
I agree. If I may qualify ‘ the hype’! The hype is mostly created by speculation and ill informed retail messengers.
I agree with some here, that Niocorp will now be subject of scrutiny by professional investors. What retail investors write, wish or expect will matter less. The company will plan, time and communicate as it sees fit to get the share price moving north by capturing the awareness, attention and ultimately the investments from this particular professional investor target group. As retail investors we can only watch this unfold and hold our shares.
I couldn’t agree more! By the way we will have dinner with Lebby again soon after another conference ( where he is invited ) and no….none of us selling shares here as some suggest. We have been here umpteen times. One difference though. We have now clear time guidance from the company. The only thing which has changed disproportionately is the nonsense and the increasing number of days to cover from our friends the shorts.
Some dates to look forward to:
Lightwave at LD Micro Main Event 10/25/2022.
https://www.picsummiteurope.com/
6-9 November 2022, Eindhoven, The Netherlands
No other event unites end-users, academics, investors, and major players from across the photonics industry in the same way a.o. Michael Lebby of Lightwave Logic
… and thereby creating exceptional shareholder value.
No business, no dilution. Facts are facts. Only with cash can this thing fly, 100% of nothing is still nothing.
No business, no dilution. Facts are facts. Only with cash can this thing fly, 100% of nothing is still nothing.
There are many pre revenue companies on Nasdaq.
You are new here scooter , apparently to push some out of their shares. Otherwise wonder what your mission here is?
Putz, during many years you have been keeping our hopes high, when everybody else ( except some) turned silent. I have always enjoyed your messages. Learned something about trading as well. Now your disappointment, your frustration are even felt across the ocean here in Europe. Pity, it seems you have now turned ‘ sour’ with your investment ( despite your huge gains) because you feel your potential gains need to be shared with shareholders who paid almost 10 times as much as you did to get your hands in the honey pot.
Some of us were so lucky to see a company go organically to Nasdaq based on its low float ( mainly retail) and are now witnessing how big institutional investors are buying shares off market and by encouraging others to short in order to force retail investors out of their shares. Painful experience!
Bottom line , you better have Wallstreet support you especially if you are in need of a billion dollars to get going,
Thanks Walter for the presentation and especially the details of the deal transaction and structure on page 36.
It’s a fantastic presentation and the basis for investors to see the huge opportunity staring right in their face. The share price is planned to go up, both GX , the sponsors and Niocorp have every reason to make sure this happens. Looking forward to the next few weeks.
Gossie,
https://www.lionix-international.com/
They are a Dutch company in development and manufacturing of micro chips using silicon nitride . They focus on mems and custom made micro chips for all kind of market segments. Modulators for data and telecom is current focus of Lightwave. They could be a future LWLG customer.
Correct. That’s why I said this is a secure and favourable option for institutions. A stop loss at $10, an entry at $ 0,89 for every NB share using a ‘Nasdaq listed reliable ‘ entity. Not sure there are enough GX shares for everybody ( 37.5 million) over and above the current institutional ownership.
Believe it or not Blackrock and Vanguard normally sit at many different tables and always know what’s happening in corporate America. Increasing their ownership in Lightwave is another positive sign.
Couldn’t be happier with my Niocorp shares. Like Crit said we need institutional investors on board. The SPAC GX at Nasdaq gives them a very favorable, secure and legitimate entry into the future new Niocorp Nasdaq company. Given the limited availability of GX shares , institutional buying for Niocorp shares will propel this pre revenue company shares to at least a Nasdaq listing level.
Lewrock, thank you for your excellent analysis. Don’t need to know more. Holding tight.
You are correct on Mark’s 4 to 6 months it takes for the SEC to approve a public listing for a SPAC acquired private company. This is a merger of two public companies who’s financial reporting has been going on for a few years. Completely transparent en known entities for the SEC. Therefore the approval process could be shorter than 4 months. My hope less than 3 months. Since Mark knows this, so I guess he will plan his next steps accordingly.
First af all GX is already a public company. If shareprices increase a reverse split may not be necessary and/or the ratio of the reverse split will be lower. The share price will determine the reverse split ratio or none.
Thanks…and he also said ( paraphrasing) …since we are two public companies which are well known to the SEC ( not like a SPAC acquiring a private company where there can be valuation issues) I hope the listing on Nasdaq may be sooner than the normal 4 to 7 months it takes for a SPAC to get a private company listed.
I also understood the SPAC will stop to exist by March 2023.
Wonder if these two elements will accelerate Niocorps Nasdaq listing and approval process.
It worked. Thanks
I advise retail investors in Niocorp to have a careful read of this CFA document on SPAC’s and the very speculative nature of such an investment in its current public company ( Nasdaq) status.
- Special Purpose Acquisition Companies (SPACs) typically involve a two-part process of first raising capital from public investors in a SPAC initial public offering (IPO) and then using this capital to invest in a private operating business. That business becomes a public company in what is referred to as the initial business combination (IBC). The result is two distinct phases to SPAC investing. The first phase, investing in the SPAC IPO shares at $10 per share, comes with principal protection—that is, investors can redeem these shares and receive $10 per share back if they do not want to invest in the proposed IBC. The second SPAC investing phase begins with the completion of the IBC. Owning shares in the post-IBC company is akin to traditional public equity investing and no longer comes with redemption rights or principal protection.
https://www.cfainstitute.org/-/media/documents/comment-letter/2020-2024/20220210.pdf
Special Purpose Acquisition Companies (SPACs), also known as blank-check companies, are publicly traded investment vehicles that raise funds via an IPO in order to complete a future acquisition.
You have a limited number of months to try to capture a little premium over and above the normal Niocorp shareholders from hereon, assuming the deal will be closed. If not, you may have much less than $ 10 GX and you lose. Redemptions always are lowered by administrative costs.You have a NB stop loss at 0,89 cents for the time between now and deal closure. I don’t need a stop loss.
Don’t worry. I am sure you will be nicely surprised. Let me add I expect this to up without pumping.