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Glad to see a little writing on the company after months of silence.
It really was quite a selloff on good news. Almost seemed like some were waiting for it...
Lincoln's new intern hit market sell by mistake. Ending systemic tradism.
Any time a reverse split is coming volume drops. Understandably, it increases uncertainty. Avita has held up fairly well though.
If/Then is a logical fallacy.
You can find instances of fraud at any level, public or private. Lebby seems to be of a certain level of character and would not permit that, this is my educated guess. I think he is more interested in his reputation than exaggerating to investors and this is why we are usually lacking for information or trying to strategize how to get questions answered.
My only concern at the moment is that Lebby would send Lightwave tech to China (Wuhan no less) and that Lebby was saddled up next to someone from Huawei last summer in Germany. With China's reputation for stealing IP, I expected their interest would be at the bottom of the list. But perhaps they are the most interested so far.
Lebby wants to uplist organically but we don't see Lightwave doing work to get the share price where it needs to be. They are hoping that new business development will pick up all the slack? Perhaps that will work out but it is not a great strategy.
The question asked by MessiBelgium was what would need to happen to uplist in a short time. I assume that they would continue as they are on the OTC before doing an R/S.
About 1 in 4 companies that do a R/S trend upwards. Some shareholders think getting on the NASDAQ alone would lead to momentum, you can see how this kind of a bad idea can gain traction.
To uplist soon they would need a 5 or 6:1 reverse split. I do wonder in the back of my mind if they would do it to "Make it Happen." It's easy to say "they would not do this!" but it's also obvious that when it comes to the share price they take the easy road. No one at the company is worried about where LWLG trades, they hired MZ Group to buffer themselves from investors. I'm sure MZ would encourage uplisting because it lifts their status as the IR provider. Advocating for retail investors is not something they seem to do.
I think he worked with or around Lightwave back in 2011-2014 era and was exposed to the internal disorganization during the Tom and Jim era of Lightwave. Maybe he worked at Celestech. Or EM Photonics. Or...the list goes on. Still, an unfortunate use of time. Not like anyone listens to him.
I don't understand why they want to RS the stock. As it is our float is low enough.
CM-Equity is a cypto-currency group?
https://cm-equity.de/en/investors/
If only Excelsior could begin creeping up as well.
I agree, although, I believe a positive result is already priced into the stock.
Agree, "smart" money...it's great when they come in. Though, time will likely prove their buying profitable. The redomicile to the U.S. and the pending trials, Avita is on an upward trajectory or will flat-out be acquired.
Yea, those slants work hard.
I suspect perhaps there is a platform issue for the SHM and a slideshow, not that Lightwave is willfully doing less this year, but I don't have an answer. I asked Karen directly if it was a platform issue preventing an accompanying slide show and MZ Group sent a response to me that Lightwave was not obligated to provide anything. An incredibly insightful answer. haha
Probably a mixup from the SEC filing that said the company would provide No Slide Show Presentation. This is unusual since it is an important reference point for the following year, for investors and set expectations.
His shares matter too!
I'm surprised some have to be mailed their proxy forms. I was sent emails for mine.
The point is the IR group is another failed addition to our monthly expenses and didn't the last financial report show we paid in cash, not stock? What does paying with stock have to do with allowing MZ employees to trade our stock?
Do you see how they can potentially influence investor sentiment one way or the other depending on what benefits them financially?
You should see the forwarded emails going back and forth between investors off the board, it's as if MZ copy-pastes canned responses that in some cases don't even touch on the question asked.
I voted for Tom but against Jim. The votes are for him as a Director, not as COO. He won't get fired if you vote against him, but it lets our BOD know that investors aren't satisfied. No one will know who you voted for or against, as far as I know.
Between LPC and MZ Group, Jim has overseen and advocated for saddling the company and shareholders with these companies that, in my opinion, hurt the stock price and do horrible IR for investors. Do most of you know that MZ Group and its employees are allowed to freely trade LWLG? Who did that brilliant deal?
For the large salary he is paid, I believe we could do better. Someone younger (Jim in his 70s...) with more relevant financial and product marketing experience (not from over 3 decades ago.)
I know some here tried to give him credit for renting out cheap lab space but Lebby clarified that it was a lab member we hired who brought the space/equipment to their attention. Jim takes up a precious spot at the company. At best you'll hear someone say that "he's not that bad." That's not what I want.
Obviously this is my opinion. Everyone has a right to vote their shares however they wish.
Per my MZ comment; right from the disclaimer:
https://mzgroup.us/disclaimer/
MZ Group and its affiliates, officers, directors, subsidiaries and agents are compensated by its clients with both cash and restricted stock to perform shareholder and investor relation services. Each contract varies in duration, services performed and compensation received. MZ Group, its employees, consultants and affiliates may, from time to time, acquire positions in the companies that they cover. This could represent a conflict of interest. MZ Group and its consultants, employees and affiliates shall be under no obligation to inform readers about its trading activities. These parties and entities reserve the right to buy or sell shares in these companies.
Lightwave can't possibly make less money than they already do so no, I'm not worried about that. I like that increased data demands twists arms for faster more efficient systems.
But PG, we must stay positive and not focus on such negative questions!
LOL
...
As investors, we should always advocate for ourselves and for as much information as possible so that we can make educated decisions about what to do with our money.
You're a month off, that person died in April. It's the obit I was looking at. He lived close to the Gatesoft company. https://www.legacy.com/obituaries/name/joseph-gentile-obituary?pid=196047376
That is a relief. I had found online the other night that Joseph Gentile of NY had passed away a couple weeks ago, he was president/owner of a company called Gatesoft. I thought it could have been our gatesoft55.
Was his first name Joseph?
The sale pricing worked.
Deal Time: Two Shares for $1 !!!
It's BOGO baby
Yes, we have all been waiting for a deal...I think people are starting to want a New Deal.
Avita ended up in a very unusual situation, bringing their stock down. Fund founder deciding to sell off to a large fund that didn't keep positions trading under XX dollars forcing a massive liquidation.
Lightwave got themselves to .50 cents totally on their own. They own this. Finding strategic investors and communicating with outlets that can reach them has not been a priority at Lightwave. We've heard so many excuses over the years. "Tom and Jim weren't the right guys to do the talking" "Lebby's time is better spent in the lab." etc etc. .50 cents. Avita had all the conversations Lightwave didn't with no advantage. They were presenting at Credit Suisse trading as an ADR with years to go.
Avita was never looking for a deal to make up for their lack of effort elsewhere. Lightwave is looking for that deal.
Any idea why he is only an interim CEO?
I would guess you are about the only one who made money on it and should probably sell. That stock came here via SteveSchiets. Some others got into it. I remember thinking no way around .20 cents and then again at .10 then .7. Just looked again, wow. guess you bought at 1 penny?
AZ, I think you are the only investor here who is somewhat local and has an ear on the ground.
We bought before that was news. He's talking about the date he assumed the position not the date it was announced though. Either way, it's down and Lebby hasn't figured out how to make this stock appreciate at all. Though we did hire Lay-Z Group and they got Lightwave Logistics an interview.
After selling off their most profitable division which they were promising investors they would spin off... It's trading at a 6th of what it was in 2018...
I was an investor briefly and I didn't believe all the claims that management was inept but turns out they are.
All the half-assed managed stocks I've owned over the years...this is the first time I'm contemplating investor unionization.
What do want!?
Accountability!
When do we want it!?
Now!!!
You're right. It's time.
MZ Group harnessing its full power to get Lebby an interview with a guy who doesn't even say the company name correctly. Maybe we should change the name to Lightwave Logistics?
Lebby provides lip service.
I know Lebby hates doing these BS interviews. I don't believe he would do them at all if there was something wrong internally.
Shareholders need to vote someone off the island.
Glad to see some diversity since Thyssen Krupp is being run into the ground.
My baby bounced back really well.
Correct.