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If you were fed the BS i was 20 years ago by the clown CEOs especially Marcelli you would have a axe to grind also. The commercialization we are still waiting for was told to me would be completed by 2010. 14 years later still not there. I already made my fortune with my business many years ago so I owe them nothing. This is more about the half truths and the lies I was fed for years now. Just never liked people who say one thing when they want my money and don't deliver and have a million excuses. Just be honest. We don't know when or if we will ever reach commercialization would have been a fair answer on my initial investment when asked. Going back further then Marcelli I met with all the CEOs face to face and it was always soon and about to happen and this is the year. The fuse is lit blah blah blah.
The interview in June Lebby was waving he arms around like a uncontrollable child apologizing for how excited he was and 7 months later we are still waiting for the reason. I guess we will find out FAIRLY SOON. We are still waiting on a few soons from 2 years ago so not sure what FAIRLY SOON means.
GENERAL BOARD RULE
If the post is positive--- It's the truth
If the post is negative --- It's false/ Liar
Regardless of the context
Yes I understand that but when a company puts out a formal press release it spreads through the financial markets and raises interest outside of the conference arena. Some market people never heard of ECOC. Just don't know why we have to wait and get our updates from conferences. What is the current progress on the ramp up for this year? On schedule ?
I would just like an update on progress on the science side. We used to get breaking news on world record modulators and test results around every three months or so. We have had nothing since the ASM. Going on 8 months now. You would think with a ramp up this year there would be more updates.
Lebby stated that they were working hard to close deals by the end of the year. So with that statement you would figure they have enough data and test results available to get deals signed in the near term. I know they are not going to the table with trust us it works. We were told with the lab expansion, new updated equipment and the new hirings was supposed to speed up the turn around and test results. The new lab has been open now for 5 months so you would expect some type of update on their progress by now. The communication with shareholders has always been their weakness.
Calm down Scoop you are to emotionally invested. Not resorting to name calling. That's just to easy and childish to say the least. Questioning the initial DEALS are there more then one ? I'm in communication with a few investors from Delaware that have been invested since the start and we all figured he would put something out before the ASM to calm the troops. It's usually a couple days before but went down to the wire this year. If anyone admits they thought our first deal announcement after 20+ years of waiting would be presented like that with little to no details are kidding themselves. We expected a multimillion dollar deal with royalties not a $50,000 signing bonus with royalties. As some have said don't leave any money on the table and I have no problem waiting for Lebby to get the best deal and get it right. Did he get the first deal right?? It was either a cash strapped small company or money was left on the table.
8 months past due on the tech transfer amongst other goals that were on track to be completed by the ASM per Dr Lebby in response to the Kerrisdale report. That's one clock that keeps ticking. Still wondering how he can be so far off on his timelines. He has all the inside info and is talking to whomever on a regular basis and with this information he develops timelines. I don't expect him to be exact but at least be within a year of the timeline and why not ever earlier than stated.
The only goal met was the one they pieced together a hour before the ASM with very little details and would not answer any questions in regards to the deal. Most were suspicious of the deal at the ASM. Lebby could see the frustration of shareholders and kept saying over and over that we don't understand that this means we are finally commercially accepted. That means very little when you do not know which company has accepted our tech. A big boy or just another start up company with no revenue or developed product. I still believe it was just a good old boy save face back door deal with Polariton who they have been working with for years. Lebby knew he could not go into the ASM with not one goal met for the year. This was also the first year that he didn't review the yearly goals met and not met at the ASM and we all know why he avoided that uncomfortable conversation.
To this date he still hasn't completed one more goal from last year. Tick Tock --Tick Tock--Tick Tock
Not how he stated it. He states as LWLG customers. Not eventually or possible customers
Lebby saying he is working hard is not enough. LOL 😆
They should be negotiating like their paychecks depended on it. I wonder if Dr Lebby caved on the first deal to have something positive for the ASM.
Not saying he lied or misled anyone. My issue is with the timing of the press release that draws suspicion. The stock was getting hammered and hit a 52 year low and he releases that statement that provided nothing we didn't already know and made sure he included the no guarantee clause We know he is working 100% on deals and everyday we wait for news of a new signing. I have had my own business for 30 years and starting from Thanksgiving on things slow down especially the last two weeks of December is dead. Most people take time off and also go on vacation with their families during the holidays. Its difficult to get anyone on the phone or set up a meeting. That's why I knew it wasn't going to get done by years end. Now if not a deal by end of January I may change my opinion.
That quote sounds just like the people I loan money to. I'm working hard to pay your money back by the end of the year but can't guarantee i will do so. I know just what that means. Lets call it what is was. The stock was getting hammered day after day, hit the yearly low and he responded with that statement with the a no guarantee clause. He just threw out a temporary life line just like the last minute deal signed while riding down the elevator to the ASM. Timing of the press releases seem a little suspect to say the least. I backed off for a while and let it play out this past year but at some point you have to start questioning the results or lack of. It's always next year, next year, next year and we are getting close. Better luck next year I guess. I will get a pile of poop symbols for this one. LOL
The fuse is lit !!!
With his arms waving all over the place like he is guiding in a jet at a airport. LOL
Think it is time again for Lebby to put out another press release on how hard he is working but sorry he couldn't get it done again this month but will work harder next month. "2024 is going to be a exciting year for LWLG with many catalyst" I'm sure we will get that statement again to start the new year. .
Does Dr Lebby know that ? He must be taking all that into consideration when stating his goals and timelines so how could he be so far off on his predictions? We all know it's not an easy task but we only know where they are and how close they are by his timelines. He is the one that has all the inside information when setting those timelines. I guess I'm the idiot for questioning missed goals from over a year ago and still counting.
Thats because since the ASM Dr Lebby has given us nothing new to talk about. The NDA deal fizzled out after a few weeks and no follow-up so far. How long can you talk about the new lab opening ? Besides Lebby stating he is working hard on closing deals by the end of the year which now looks like a no go, which is not a shocker if you been here for a while ,we have nothing to discuss. I just remember Lebby stating 2023 was going to be an exciting year for LWLG with many catalyst. Swing and a miss.
Someone posted yesterday that the board basically fabricated timelines and expectation not Dr Lebby which could not be further from the truth. Everybody already knows the missed goals and timelines. The most recent was Lebby stating he was trying to close deals by the end of the month but no GAURANTEE. Why even make that statement and just wait till the deal is done ? We already know he is working 100% on deals that was posted a 1,000 times and now he is working hard on deals. Working hard or working smart ? Just because you hold Lebby accountable for his goals and timelines does not make you a basher or short.
They have always talked a big game going back to Marcelli but always seem to fumble on the one-yard line. Remember all those great saying ?We are on the one yard line- the fuse is lit-- strap on your seatbelts etc. Being invested since the beginning and most likely shortly after X patience is an understatement. I would have been happy if they just nailed 50% of their goals/timelines the past couple years.
On track to meet all goals by the ASM I think was the statement made to us and reposted many times by Proto. The timelines for commercial deals, foundry partners etc were all given to us by Dr Lebby.
The current PPS is the result of timelines coming and going with more talk of excitement than signings. Lebby would be more accurate with his timelines if he closed his eyes and threw a dart at a calendar. Just think about it the ASM is only 5 months away and besides opening up the new lab and Lebby stating he is working hard to close deals by the end of the year there has not been much to get excited about since the last ASM. This week will come and go and we will still be waiting.
Was the first deal done right ????
I know one thing we can all agree on. No one thought we would be 7 months post ASM and no new signings. We are basically only 5 months from the next ASM. What press release since May has caused any excitement?? I'm been invested way to long to get excited about Lebby stating he is working hard to close deals by the end of December with a no guarantee clause. The stock was getting hammered so he threw out a lifeline. Many statements made in the past we are still waiting on. TECH TRANSFER- FOUNDRY PARTNER etc. Pretty sure we will be still waiting in January if we learned anything from the past.
He said no guarantees but he is working hard. If you been here long enough you know what that means.
Think we need another press release from Lebby stating that he can't guarantee anything but he is working really hard.
People criticizing people for criticizing people because it makes them feel smarter. Too funny. Made me spit out my coffee.
Think since Lebby stated that he is trying to complete additional deals by year end but can't guarantee they will do so people just assume if not completed by year end will be done by next month. Just like people assumed if tech transfer was not completed by ASM it would be completed shortly after. 7 months later and still waiting on that.
I guess those pesky tax sellers are back in the fold.
Thanks for the props DOA. Amazing what a little communication from the CEO can do. Price had to crash before Lebby put a pen to paper. Don't post as much as I used to. Busy with kids activities. Plus if you question the leadership progress or lack of you get labeled a short. Just because you disagree with your wife at times doesn't mean you want a divorce. I been here since Fred was working out of his parents garage and helped fund where they are today. Far from being a short but will voice my opinion especially when we go 7 months with a progress update.
I guess the tax selling is over??
Dirt cheap shares Vein. The problem I see is NASDAQ is up, shares are cheap and we are still in the red.
I guess your not buying anymore shares during the blue light special ?
I'm younger and have time to wait a little longer but my patience is running thin. 7 months now and no positive news to put out in a press release ? Been reading quarterly updates for over 20 years with promises of things to come. Fuse lit-- fasten your seatbelt-- foundry deal-- tech transfer deal- revenue next quarter-- on track to meet all goals by ASM ( swing and miss) so many statements not backed up. So hearing ramp up in 2024 means nothing based on LWLG history. Won't believe it until I see it in a formal press release. The rest is just same old same old talk and no action.
52 week low. LOL. Looks like its BONUS time again for JM and Lebby. Well done guys hats off to you. Never has been a delay when it comes to employee compensation and bonuses. Those deals always get done and approved.
Whatever they are doing in the lab today, yesterday, last week or the past 7 months has not been worthy of a press release. Communication is the main problem with this company. The excuses on this board for the delays and share price grow longer each day but Lebby and management are never one of them. Shorts- options- tax selling- manipulation- NDAs etc. When the stock price was up everyone praised Lebby and he got all the credit but when its down and getting crushed it has nothing to due with Lebby. Can't have it both ways guys.
Hey at least we are commercially accepted. LOL I guess all those dog and pony shows paid off. We did get another shinny award ! I wonder if Lebby is waving his hands around in excitement today as his company's stock crashes like its 1929. Have to love it when a plan comes to fruition. Those damn shorts and tax sellers !!
No revenue and no name. The value of a deal or contract is determined by who signed on the dotted line. NVIDIA or just some startup company ? Was the name left off due to NDA , competitive reason or due to being another non-revenue start up.
They always put out these great quarterly updates on progress and are in discussion with the tech world and nothing develops but another quarterly update just like JM did when he was CEO. 52 week high $9.18 current price is $4.05. Not quite increasing shareholder value as stated at the end of all quarterly updates for 7 years now.
I agree they have been buddies and working with Polariton for years. Polariton threw Lebby a life line just before the ASM and agreed to the contract that looks like it was written on a hotel napkin. Like you said after 7 months and no results the market has responded to the back door deal. Still no tech transfer or foundry deals. Think someone posted many times that by this time in November at least 2 more contracts would be completed. Not surprised we sit idle with no additional contracts and the usual quarterly update with nothing to show to back it up.
Between the shorts and tax season Lebby can't win. LOL Must have been end of year tax season for 2 years now. LOL
The real problem here is Lebby keeps telling us they are moving forward but is not backing it up. They have been stating for years they are in discussion with everyone and moving forward to commercialization.