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Exactly
It is my belief that LPC is feeding the OTC with the number of increased outstanding shares. I believe they have to distinguish between a sale of stock and a short sale of stock since they are not a market maker. Also, I do not think the company would disclose that information without disclosing it to all parties such as through a quarterly report.
My point is that the company could have put the shares to LPC a month ago and LPC is feeding them slowly into the market trying to maximize their trading profits.
Just my opinion or guess!
I know UBS and RBC brokers are prohibited from soliciting orders to trade OTC stocks. I am sure there are many other firms with those restrictions. Once listed, a very few brokers will start calling clients because they know the story and have been waiting to buy.
Yes, institutions can buy now and some probably have started to buy. That info will start to come out before August 15 representing ownership as of 6/30/21. We have the short interest for that day. July 1st and 2nd traded 6 million shares so no telling who did what to start the quarter!
Once listed on the Nasdaq, it will take time for new institutional and retail buyers to learn about the company. Press releases from unknown companies don’t get read by big investors. There needs to be a big enough news event for LWLG to get some real attention. The news flow will never be fast enough for some, but the company will get discovered. It may take another six months or more.
This June 7th response from Luke simply states the company has not made a public announcement regarding an application. It also implies that a $4 price is the requirement as Dr. Lebby suggested on the slide used at the LD Micro Conference.
Tomorrow represents the 42nd day since closing above $4.00 and the normal processing time is 28 days to 42 days, "logic" would suggest management decided not to apply on the first day of eligibility. Why? There is no information on that, but I now believe it was delayed on purpose. I say this because I refuse to accept the other possible answer, which suggests incompetence by management.
This is why I care:
Individual companies have no say on whether or not options on their shares trade on an options exchange. The decision to list equity options for a particular equity is entirely at the discretion of the exchanges themselves.
The Five Requirements
Under Chicago Board Options Exchange (CBOE) rules, there are five criteria that a stock must meet before it can have options as of December 2020.1__
1. The underlying equity security must be a properly registered NMS stock.
2. The company must have at least 7,000,000 publicly held shares.
3. The underlying stock must have at least 2,000 shareholders.
4. Trading volume must equal or exceed 2,400,000 shares in the past 12 months.
5. The price of the security must be sufficiently high for a specific time.
Options exchanges, such as the CBOE, will not allow any options to be traded on the underlying security if a company fails to meet even one of these criteria.
A company cannot have options traded on its stock until at least three business days after its initial public offering (IPO) date.
> On Jun 7, 2021, at 9:32 AM, Luke Zimmerman <luke.zimmerman@mzgroup.us> wrote:
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> We haven’t made an announcement regarding an application to uplist to Nasdaq at this time. Uplisting to Nasdaq is not automatic for OTC companies once they reach $4 and requires an application with Nasdaq once you meet the requirements.
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> Thank you for your support,
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> Lucas A. Zimmerman
Does Lightwave Logic usually issue press releases before the market opens or after it closes?
It is not done automatically. The company must go online and complete an application once they have met all of the criteria. Once the application has been received, it takes between four and six weeks to begin trading on the Nasdaq. One of the last boxes to check is a public announcement by the company informing shareholders and market makers of the exact date trading will start. Sometimes there is a symbol change, but that won’t be necessary with LWLG.
Tom Caulfield, CEO of Global Foundries is the “he”
However, this response was to a question about competitiveness with China. Anybody can make chips for silicon photonics, but there is only one company that can achieve speeds 3 times faster than the Chinese. Seems like he telegraphed the partnership with LWLG. Today was Global Foundries’ day in the spotlight, but everything points to Lightwave making a duel announcement this week with GF about how GF will exceed the Chinese capabilities. To me, this was the intended message!
Oh! And Nasdaq listing??? All this week??
We are bringing silicon photonics here”
“We are not using electrons anymore-we are using photons to drive this industry”
Can he be talking about any company other than Lightwave Logic for partnering?
This board should be discussing the words spoken at 50:30 to 51:30 of the Q&A section of this Twitter link. Forget Koog!
NDAs have expiration dates following the completion of specific projects. After that it’s game on!
I believe the terms of a NDA prevent a company and individuals within that company from acting on non public information. That means only distant relatives and friends of friends participate in that kind of illegal behavior!! :)
I don't think Lightwave Logic will be mentioned at Monday's GF event either. However, it seems reasonable, given the invitee list, that a new foundry announcement is likely. That new foundry could be solely dedicated to polymer photonics. They wouldn't have to mention our name! A new foundry is 2023/2024 production. Some mention of 2022 would be better news.
I have been surfing looking for information about the time it takes to complete a typical PDK. I doubt I find anything specific enough to be useful, but I did find this article. It states 4 months starting from scratch.
file:///Users/Home/Downloads/Manuscript.pdf
I believe I read on this board that the current Intel CEO once was the head of Intel’s photonics division.
I think it is fair to say the person who wrote the Nasdaq Financial and Liquidity Requirements grid finished in the bottom half of their class at a crappy college!
We are in the 6th week now in a 4 to 6 week process to list on the Nasdaq.
I wonder if Global Foundries would answer an email asking them how long the last three PDKs took to complete.
Luke Zimmerman at MZ Group is out for his wedding and honeymoon until July 25.
Congratulations, Luke
Lebby had the opportunity during the LD Micro presentation to inform the public they have applied (past tense) for the uplisting to the Nasdaq. He either just missed the opportunity or there was a strategic reason to keep the public guessing.
Once they apply, the timing is mostly clerical and therefore unlikely to be used as a strategic press release. My guess is that it just slipped his mind and the MZ Group was/is very careful not to say anything that has not been made public.
Every ASM presentation for the last five years has had the slide wanting to uplist to the Nasdaq. I doubt they forgot to go online after hitting $4 and spend 15 minutes to apply.
Thanks! Schwab won't display these market makers on OTC stocks. Maybe next week!
Need some help! I just upgraded to level 3 at Schwab and I need to know the symbols of active Market Makers so I can see more market Depth. Thanks
I see someone has an offer out there to sell 28,440 shares at $350.00 per share on arca
This article is a good example of how well the LWLG NDAs are working! The author's research found nothing on polymer photonics.
"We (management) expect the next revenue stream to be in product development agreements and prototype devices prior to moving into production."
There will be interim steps prior to mass commercialization, but these announcements will point us in the right direction.
10Q Filing 3/31/2021 Page 23
"As a development stage company, we had no revenues during the three months ended March 31, 2021 and March 31, 2020. The company is in various stages of photonic device and material development and evaluation. We expect the next revenue stream to be in product development agreements and prototype devices prior to moving into production."
During the June 10th LD Micro presentation Dr Lebby stated “only recently has our stock price exceeded $4.00. I wish he had gone a step further and confirmed they had submitted the application. Since the desire to get on the Nasdaq “naturally” and “organically” has been a slide during the last several ASM presentations, it would be foolish to think they did not apply at their first opportunity! Six weeks since $4 is July 21st.
I plan to go to the 2022 ASM!
Are we expecting a press release this coming week announcing the date LWLG will begin trading on the Nasdaq?
One question about a data center: If 80,000 modulators are upgraded out of 100,000 would there be 20,000 modulators putting a ceiling on speed at that data center. A chain is only as strong as its weakest link analogy?
Anybody have any knowledge about this. I doubt MZ would be of any help.
Seems like some selling going on at $12.00 either real shares or short selling.
I agree that the TAM for Lightwave Logic is $10 - $11 billion in 2025. How much of that number will translate into revenue is the big unknown. It is also unknown how much revenue will be derived from each of the three sources of revenue. Component sales which includes the GOO has the typical cost of goods sold margins. Licensing agreements and Technology transfers have very minor costs associated with those revenue dollars. In other words, gross margins could range from 40% to 95% depending upon the source.
That is what I am talking about! Great thought process. One question about a data center: If 80,000 modulators are upgraded out of 100,000 would there be 20,000 modulators putting a ceiling on speed at that data center. A chain is only as strong as its weakest link analogy?
Another question would be how long does it take for a foundry or all participating foundries to manufacture 60,000,000 modulators. If Jim Marcelli's comment turns out to be accurate and Lightwave Logic achieves $10 billion in revenue in 2025, that would be equivalent to 25,000,000 modulators sold in 2025.
Perhaps the word vague was a poor choice. What I meant was the actual number of chips per quarter or a capacity range was not provided. No doubt this was intentional. I am always looking for information that points toward revenue forecasts. In this regard, the numbers were vague.
Thank you very much. Just finished watching it. My take away was vague info about chip making capacity in Colorado. And, of course, the difference between 2021 and previous year’s ASM with regard to commercial readiness.
I am also new with my first purchase on May 19. I have read and watched everything I can find dating for years back. The one video that I cannot find (although Dr Lebby refers to the meeting) is the 2020 ASM. Is there a video or did the Pandemic cause last year’s ASM not to be recorded?
I find the progression of the technology year to year as fascinating as the progression of verbal excitement year to year. These guys really suck at faking it!
If there is a YouTube link to the 2020 ASM, I would really appreciate seeing it. I have tried and failed to find it.
Right