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It appears all presentations become available at 7:00 am on Monday.
The HC Wainwright Virtual Global Conference runs from September 13th to September 15th. Lightwave Logic's virtual presentation starts at 7:00 AM Monday morning. That should be the first presentation of the conference and pretty damn early in the morning. So, is this time slot the worst one available or is there a need to present certain information to the public prior to the market opening at 9:30 AM and pre-market trading prior to that?
Remember, the ECOC presentation ends 20 minutes prior to the start of the Wainwright presentation, which is being pre-recorded. Again, is this the worst possible time slot for the Lightwave Logic presentation?
I suppose it is possible that all company presentations are released at 7:00 AM and then the entire conference would be based on replays and one-on-one virtual meetings.
Food for thought...
Adjusting everything to Eastern Daylight time for September 13th, I noticed Dr. Lebby would be presenting in person at 6:10 AM to 6:40 AM at ECOC. Then 20 minutes later he would begin his virtual presentation at the WC Wainwright Conference at 7:00 AM. That tight schedule leaves no time for gathering in the hallway afterwards for congratulatory pats on the back!
I emailed Luke and he confirmed that the Wainwright presentation would be pre-recorded. That makes sense! The audiences are completely different. I would expect the Wainwright presentation to be a carbon copy of the most recent presentations except less talk about uplisting. The ECOC presentation should be far more technical as most of the audience will be scientists in the field of photonics. The Wainwright PR stated that Lebby and Marcelli would be scheduling one-on-one meetings with investors throughout the event (presumably from Bordeaux). I don't know what to think about potential co-authored press releases under these circumstances, but my gut says its too complicated a time.
Schwab increased their interest rate to borrow LWLG shares to 27.75% or 1.50% more than yesterday. This means the short interest is increasing and the shares are harder to borrow.
On another topic, the WC Wainwright press release is not visible everywhere because of the systems updates that occur during the uplist process. (per Luke)
The cost is very high to play a very risky game. The best time for a giant PR is when the short interest is at new highs. Creating visibility by means of explaining the value of the technology is a primary tactic in the overall corporate strategy. September 13th does that for two completely different audiences! I think there is more!
The interest rate at Schwab increased today to 26.25% from 26% to borrow shares to short. I have never been asked to lend shares so I do not think White Diamond lemmings deal there. I check the rate every day.
And then, do they have to buy tomorrow or can they ease into the allocation?
I have never owned a stock that up listed to the Nasdaq so I do not know what to expect. My gut tells me there are high expectations for the balance of this week and I hope we are not disappointed. I have no feel for how much interest has been prevented from buying until tomorrow. How many institutions put Lightwave on their watch list as a result of being at the Noble, Roth, and Oppenheimer conferences?
White Diamond is at it again. He shorted yesterday and has a slight loss so far.
The MZ Group is unaware of any webcast or recording of the Lebby presentation on Sept 13th. Luke said you have to be there in person. I hope that is not the case!
Oops! The 1st is Wednesday!
No problem, Scope! The first two sentences are facts from the 10Q. The rest was conjecture. It is compelling to attempt to anticipate Lebby’s tactical moves as he works the overall strategy. I expect a few progress PRs in the next month and then I think Two Cents has the correct time table for the really big events.
Hopefully the options market will open trading on LWLG soon after listing. While most will be buying calls for the leverage, I will be a seller of puts. Both are bullish bets.
Today, we got answers!
1) There was no 90 day requirement to trade above $4 meaning the company qualified on June 10th to apply to the Nasdaq
2) The Nasdaq web site states that it takes 4 to 6 weeks after the application has been received to gain approval and begin trading
3) In this case, it took roughly 12 weeks to begin trading IF Lightwave applied as soon as possible.
My conclusion is that they did not apply immediately, but they purposely delayed beginning the process for a reason. I can think of no other reason to intentionally delay this milestone event unless they wanted to time other events with this event. Maybe the ECOC presentation is all there is for now, but it feels like there is more in the near term. After all, Lebby has used the phrase "easy to fab" many times. PDKs take approximately 4 months to complete. hmmmmm?
Schwab is charging 26% APR today to borrow shares! Ouch!
Certainly could as long as the first deal meets our high expectations.
The rise in the stock price was certainly a surprise to management as they pulled the trigger on the remainder of the LPC commitment at $2.11/share and after the commitment fee, the cash cost was $1.976/share. This actually happened prior to the LD Micro conference. I have to admit I am a bit disappointed at this price. One could interpret the "get it while you can" trigger point as meaning we are farther away from a significant announcement than most on this board believe. That assumption ties in with what appears to be an intentional delay in getting listed on the Nasdaq. It does support the theory that management is trying to time the Nasdaq with another event.
Agree! What could be the reason they refuse to acknowledge whether or not they have actually applied? Marcelli said, 'we can not answer that because we have not announced it." Makes no sense to me. I don't understand the motive.
As a well known grammar Nazi, the press release stated Dr Lebby “is” scheduled to have one on one meetings… Technically speaking, this means he has already been booked for these sessions. With very few exceptions, I think it is fair to say that institutional investors have already been booked for these one on ones. UMB is the only known serious institutional investor as of 6/30/21. Everybody else is a potential buyer and in size.
On a side note, next short interest reports will reflect today’s numbers. That won’t mean much in two weeks except to explain price volatility in the coming days.
It is my opinion that the $100 million shelf registration will be used for two purposes. First, it will be the currency used to partner with a major foundry. ie; I will give you 10% of Lightwave Logic’s outstanding shares if you will produce 100% of your modulators with our polymers at a price of X. Secondly, because the stock is so heavily owned by long term individuals, a secondary offering to interested institutions only would be a way to attract the Fidelity and Blackrock buyers and launch the company into the big league.
Nice to know I am not the only one in Chicago that knows about the Wave! Spreading the word by simply sending the video of the ASM.
Impressive group of photonics experts! Basically this is LIghtwave’s competition talking about their test results and cost barriers?? Lebby has a slide devoted to that.
Also institutional ownership reporting for June 30th has a Monday deadline.
As you have posted several times, not a single officer or Director at Lightwave Logic sold any shares during the recent incredible rally. The window was wide open so they could have exercised their vested options, but every one of them chose not to take profits at this time.
This fact tells me far more than anything I could read on Seeking Alpha. If the 10Q is commensurate with the ASM message, the shorts will be competing with me for shares.
Well there will not be any dilution coming to help them profit and cover. They are going to have to buy existing shares to cover. For a short squeeze to work, there needs to be the news we expect to bring in new buyers that make it hard to cover without hitting the offer price.
His premise is that Dr Lebby has been lying and deceiving the stockholders about closer and closer customer relationships that are leading to mass volume, mass commercialization, etc. Also, all of the test results published in recent press releases are simply not true. He stated the company will never sell anything, of course in his first amendment protected opinion!
The 10Q has always been filed in this week going back at least eight years. I would expect to read:
- the LPC commitment has been fully exercised and the last $7.5 million was “put” at a price above $10/share
- some clarity on the Nasdaq application
- patent progress may be just regurgitated or it maybe explained in greater detail
- same goes for the recent test results. Dr Lebby could explain the way Microsoft and Google and Facebook, etc are understanding these test results. Are these companies asking their accountants to project their financials if they could triple their speeds and be able to handle three times more data with their existing data centers? Have they discussed the ESG impact of saving hundreds of millions of dollars in power consumption and countless tons of CO2?
After testing the Lightwave Logic prototypes for way over a year and knowing they perform as promised on the fab’s testing equipment, how long before a supply agreement is signed? After all “agreement to supply product” is a stated goal for 2021. (See ASM presentation). It is true that Lebby has always met the stated goals.
Looking forward to reading the quarterly update!
With the Seeking Alpha articles trying to drive the stock price down to profit from their short positions, I thought I would check with Schwab to see what the short availability is currently.
Gold Panda and White Diamond (if they are borrowing shares from Schwab) are paying an APR of 27.5%. That is a high price to pay so my guess is they are only short for a few days at a time.
Schwab has not contacted me about lending out my shares.
If Intel is one of the Tier 1 companies having signed a NDA, then they would be prohibited from purchasing LWLG shares as a company and employees of Intel would fall under those rules as well. BTW, I asked a friend who is the General Counsel of a Fortune 150 company.
If Intel is not under the terms of a NDA with LWLG, they can purchase up to 4.99% of the outstanding shares without having to file a 13G form with the SEC.
Does anyone know what it takes to become an author on Seeking Alpha? There is an actual degree called Certified Financial Analyst (CFA). I have never read a SA article written by a CFA (or if I have I missed it).
I read a lot of articles by Seeking Alpha authors and believe they get paid in some way by some formula. I know they are just regular Joe’s without any particular qualifications. Some are intelligent individuals with credible intentions and others are clearly not. Social media has provided a platform for anybody to say anything about any topic as if they are experts. Unfortunately, the USA has become the land of the gullible!
This is the pdf from the Nasdaq that I am using!
https://listingcenter.nasdaq.com/assets/initialguide.pdf
I do believe it is retail sellers who are afraid the stock will go lower and they are already under water (they got in above $10). Today is the 53rd day of a 28 day to 42 day process to get approved to trade on the Nasdaq, assuming the company applied at the earliest possible time.
The company has chosen not to disclose any information regarding the Nasdaq application and I believe that has created uncertainty. They did disclose the fact that they did qualify to apply in early June.
You are correct in that only officers must report on Form 4 when they exercise incentive stock options. However, employees exercising options do not report to the OTC web site either.
I just don’t know where the OTC web site gets their share count information on what appears to be a daily basis.
I thought there was $7.5 million remaining on the Lincoln Park obligation after the April and May puts according to the 10Q.
I think the cash position on June 30 was more like $14 million and the relationship with LPC is done! I understand your calculations, but I am skeptical because the OS count from the OTC site is based on information the company only discloses on a quarterly basis. If company executives exercised any incentive stock options, that would be disclosed on Form 4 immediately and there were no SEC filings.
Vein, I have no clue where the stock price is going in the short term. Low volumes seem to be able to move the stock price almost as much as high volume.
All of the potential news releases are positive to extremely positive. The only question is the time between news worthy events.
Based on past years, the 2nd quarter 10Q should be filed during the week of August 9th. Due to the lack of institutional ownership, the company has never held a quarterly conference call. That probably won't change until next year, IMO.
Hopefully, this 10Q will contain statements that align the company's view on the timing of the first partnership with those of the retail investors, who drove the stock into double digits. In my opinion, the rally was caused by the very noticeable change in the level of enthusiasm conveyed by Dr. Lebby during the May 27th ASM presentation and again at the June 10th LD Micro conference.
Good observation and conclusion!
Post # 74952 from WalterC confirms the company qualified to apply for listing on the Nasdaq in June. The confirmation was from the MZ Group. What they will not confirm is whether or not the company actually sent in the application. I find that to be strange and also very deliberate on management’s part. What could be Dr. Lebby’s motive to keep that information close to the vest unless they are trying to time the listing with other accomplishments?
Some speculated that this increase was the last of the LPC shares. Makes sense to me.
The reporting date is 6/30/2021. The institution could have purchased the stock earlier in the month, but the shares held is as of 6/30. Also, hypothetically, they could have sold the stock on July 1st and would still have to report holding it on June 30.
Seeing institutions of this quality buying into the Lightwave story is very encouraging. All institutional owners must report by August 15th what their June 30 holdings were. Most wait until the last few days to report so I suspect there will be several more.
That CNN video answered one of my questions! Caulfield said the timing is really up to the manufacturers of the lithography, etc. equipment. It is an 18 month cycle for production to begin from the $1 billion investment to fully utilize existing space in Fab 8.
From a poster on LinkedIn: Any change in GF strategy of NOT investing in advanced technologies beyond 14nm? That answered a question from Koog.
Quote: The process involves thousands of steps, where layer upon layer of microscopic circuitry is etched onto these silicon plates - that are then chopped up into chips that will end up in, say, your computer. Making just one can take six months.
Quoting Global Foundries from 7/19/2021: "GF will invest $1 billion to immediately add an additional 150,000 wafers per year within its existing fab to help address the global chip shortage."
GF CEO Tom Caulfield stated, "Our industry is expected to grow more in the next decade than it did in the past 50 years." Separately he stated, "We are bringing silicon photonics here. We are not using electrons anymore! We are using photons to drive this industry."
Questions for those knowledgeable (even Koog)
1) How long will it take GF to build this referenced capacity to increase production by 150,000 wafers per year?
2) Based on the size of high volume silicon photonics chips, how many chips will be produced on one wafer?
Based on the answer to question #2, we can substitute that number in this equation: (I will use 200 chips per wafer for now)
200 x 150,000 = 30,000,000 chips per year from this $1 billion immediate expansion of GF's Fab 8. At a selling price of $2.00 per gig, the annual revenue is projected to be $6 billion. This assumes a partnership with Lightwave Logic, which would enable the chips produced to reach speeds in excess of 150 NRZ for a single channel/lane. Another assumption I will make for this example is a partnership royalty of 15% of gross sales. This calculates to $900 million in revenue to LWLG pre-tax.
One can see how little I know about the various parts of an Integrated Circuit. I realize Lightwave Logic's polymers are added to the modulator, which is just one part of the chip. I believe the term PAM-4 means there are four modulators on each chip.
Let's tear this analogy apart in an effort to gain some perspective. Thanks in advance.